From the News

GOP Desperate to Defund Obamacare Now Because They Know its Popularity is About to Skyrocket

GOP Desperate to Defund Obamacare Now Because They Know its Popularity is About to Skyrocket
Why are the Tea Party Republicans so desperate to defund ObamaCare right now? Because they know that once it is fully implemented, it will be impossible to take away the many benefits of ObamaCare. It is one thing to prevent something good from being passed by Congress. It’s quite another to take something away from the voters.
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Wall Street Banks Are to the Economy What Autocrats Are to Their Citizenry

Wall Street Banks Are to the Economy What Autocrats Are to Their Citizenry
In America we tend to look down on Third World autocrats who siphon their country’s wealth into their personal Swiss bank accounts at the expense of their citizens. But we have our own class of kleptocrats that in many ways behave the same way — and often with the same result.
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Lack of National Industrial Policy Bankrupted Detroit

Lack of National Industrial Policy Bankrupted Detroit
The Radical Rightwing is licking their chops over the economic and financial failure of what was once the great city of Detroit, at one time perhaps the greatest industrial city in the world. Lavish pensions and much too powerful unions destroyed Detroit they crow on Fox News.
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America Doesn’t Have the Richest Middle-Class in the World ... We’re Ranked 27th

America Doesn’t Have the Richest Middle-Class in the World ... We’re Ranked 27th
America is the richest country on Earth. We have the most millionaires, the most billionaires and our wealthiest citizens have garnered more of the planet’s riches than any other group in the world. We even have hedge fund managers who make in one hour as much as the average family makes in 21 years!
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The Biggest Republican Lie — ‘America Is Broke’

The Biggest Republican Lie — ‘America Is Broke’
The big lie in American politics today is that “America is broke” or “in this time of austerity we have to tighten our belts.” America is not broke. We are not in a time of “scarcity” and when we buy into this fallacy, we contribute to political decisions that actually will do damage to our standard of living and that of our children.
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Big Pharma Pockets $711 Billion in Profits by Robbing Seniors

Big Pharma Pockets $711 Billion in Profits by Robbing Seniors
Here’s an outrage that must be changed: Big Pharma has been systematically price-gouging the Medicare program for seniors and people with disabilities — and raking in billions in excessive profits. The 11 largest global drug companies made an astonishing $711 billion in profits over the 10 years.
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Inequality Is Much Worse Than You Think

Inequality Is Much Worse Than You Think
Inequality in America grows more extreme each day. The richest 400 Americans, for example, increased their wealth by 54 percent between 2005 and 2010, while the median middle-class family saw its wealth decline by 35 percent.
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President Bill Clinton Is Right: Medicaid Matters

The Democrats threw down the gauntlet at their convention in Charlotte this week, putting health care front and center and warning the Republicans that they won’t get away with more of the health care fear-mongering they’ve been stirring up for years. This strategy was solidified on the second night of the convention when President Bill Clinton, in the words of former George W. Bush speechwriter David Frum, “detonated the H-bomb of the 2012 campaign: the Medicaid issue.”
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Means Testing for Social Security Won't Guarantee Solvency

The issue of sustainably of Social Security and Medicare — I fear that the word “entitlement” feeds into the frenzy — actually has little to do with greed and is largely a function of our uniquely inefficient system of health care delivery, as that’s from where our real long-term fiscal problems derive. And this goes well beyond the public sector — private sector health spending is also unsustainable and, unless we slow it down to a rate closer to overall economic growth, will eventually crowd out too much of the other things we want and need.
We can and should achieve solvency in Social Security, but sacrifices by baby boomers don’t get you very far, as I’ll show in a moment.
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