Category Archives: ECONOMY

A Double Dip Recession for 2012?

CIO!: 1. With corporate profits hitting record gains, the income gap growing; and critical social services, education programs, and health facilities being eliminated, why is the question: Economists are painting a pretty bleak picture of the economic outlook between now … Continue reading

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The Top 10 Tax Breaks — And How They Help The Wealthy The Most

By Jake Bialer HUFFINGTON POST This is the time of year when we are most aware of our tax burdens. But what we may be less aware of are all the huge tax breaks built into our system. Most Americans … Continue reading

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The War In Afghanistan: How Much Are You Paying?

By Amanda Terkel HUFFINGTON POST WASHINGTON — As Americans breathe a sigh of relief over finally filing the returns on what they owe (or are owed from) Uncle Sam this Tax Day, the progressive group Rethink Afghanistan wants them to … Continue reading

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Capitalism’s Dismal Future

Capitalism’s Dismal Future, by Paul Mattick, The Chronicle Review, March 13, 2011           A homeless man named Roger panhandles in New York City, Spencer Platt, Getty Images Apart from the patently nonreality-based dissent of its Republican … Continue reading

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At Least We Still Can Go Broke

I got a letter today from Alan Grayson. I don’t think he’ll mind me publishing it here since he is running for Congress. But – I think CIO readers will find this fascinating. Dear Cheryl: Unless you’ve been living in … Continue reading

Posted in AUSTERITY, bankruptcy, CAPITAL, CAPITALISM, ECONOMY, EDUCATION, EMPLOYMENT, POLICY, Tax cuts, Tax cuts for the rich | Tagged , , , , , | Leave a comment

SOLUTIONS: The Rich MUST Pay Much Higher Taxes

How Democrats Can Become Relevant Again (And Rescue the Nation While They’re At It) By Robert Reich HUFFINGTON POST Republicans offered Democrats two more weeks before the doomsday shut-down. Democrats countered with four. Republicans held their ground. Democrats agreed to … Continue reading

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Must See: Inside Job

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It’s the Inequality, Stupid

By Dave Gilson and Carolyn Perot Mother Jones A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. … Continue reading

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Retiring Boomers Find 401(k) Plans Fall Short

By E.S. Browning The Wall Street Journal They were a gold mine for money-management firms. In 30 years, the 401(k) went from a small program to a multi-trillion-dollar industry supporting thousands of financial planners and money managers. The 401(k) generation … Continue reading

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Obama’s Big Budget Cut Proposals Target The Poor

By Arthur Delaney HUFFINGTON POST WASHINGTON — As Democrats and Republicans wrangle over fiscal austerity and the shape of the 2012 federal budget, the White House is targeting programs in the $4 trillion budget that benefit low-income Americans. It’s a … Continue reading

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