World-News

Pat Garofalo, ThinkProgress: ''The House Republican budget would raise taxes on families making less than $200,000, even while it gives millionaires a tax cut ... Married couples in [the middle class] income range would pay an additional $2,700 annually to the Internal Revenue Service, on top of the tax increases that are scheduled to hit every American household when the George W. Bush-era cuts expire at the end of the year. Households earning more than $1 million a year, meanwhile, could see a net tax cut of about $300,000 annually.''

http://truth-out.org/news/item/9890-study-house-republican-budget-would-raise-taxes-on-the-middle-class-cut-them-for-millionaires



Follow the Dark Money

Bill Moyers, Moyers & Co.: ''While much of the mainstream media looks the other way, some journalists are working hard to identify the fingerprints super PACs and their benefactors leave on our victimized democracy. At the top of this list of journo-detectives are Mother Jones editors Clara Jeffery and Monika Bauerlein, who continue to throw light on what they call 'dark money.' In this conversation with Bill [Moyers], Jeffery and Bauerlein talk about the conspiracy of cash that allows the rich to influence our most fundamental political freedoms.''

http://truth-out.org/opinion/item/9886-clara-jeffery-and-monika-bauerlein-on-dark-money



Welcome to the 1930s

Paul Krugman, Krugman & Co.: ''Martin Wolf is shrill (and rightly so). 'Before now, I had never really understood how the 1930s could happen,' the Financial Times columnist wrote ... 'Now I do. All one needs are fragile economies, a rigid monetary regime, intense debate over what must be done, widespread belief that suffering is good, myopic politicians, an inability to co-operate and failure to stay ahead of events.'''

http://truth-out.org/opinion/item/9908-welcome-to-the-1930s



Five Ways Republicans Have Sabotaged Job Growth

Jeff Spross, ThinkProgress: ''Republican intransigence on economic policy has been a key contributor to the sluggish recovery. As early as 2009, Republican fear-mongering over spending and their readiness to filibuster in the Senate helped convince the White House economic team that an $800 billion stimulus was the most they could hope to get through Congress. Reporting has since revealed that the team thought the country actually needed a stimulus on the order of $1.2 to $1.8 trillion. The economy s path over the next three years proved them right.''

http://truth-out.org/news/item/10194-five-ways-republicans-have-sabotaged-job-growth



Bush Tax Cuts Have Delivered $1 Million in Tax Breaks to the Average Millionaire

Pat Garofalo, ThinkProgress: ''House Republicans this week plan to vote on a bill that would extend all of the Bush tax cuts.... A new analysis shows that the Republican plan will raise taxes on roughly 24 million people, due to its allowing various credits, including the Child Tax Credit, to expire, while maintaining Bush s tax cut for two million wealthy Americans. The Bush tax cuts delivered the weakest job growth of the post-war period, as well as a ballooning federal debt.''

http://truth-out.org/news/item/10650-over-the-last-nine-years-bush-tax-cuts-have-delivered-$1-million-in-tax-breaks-to-the-average-millionaire

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America s long slope down

A broad swath of official economic data shows that America and its people are in much worse shape than when we paid higher taxes, higher interest rates and made more of the manufactured goods we use.

http://is.gd/vO2dDp



The Sharp, Sudden Decline of America s Middle Class

They had good, stable jobs until the recession hit. Now they are living out of their cars in parking lots.

http://is.gd/QR9ppp



Bush Tax Cuts Have Delivered $1 Million To The Average Millionaire

By Pat Garofalo

House Republicans have written legislation to fast-track more tax cuts for the rich.

http://www.informationclearinghouse.info/article32091.htm


From Information Clearing House

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US budget: It s the spending, stupid

Orange County Register
by John Stossel

07/10/12

Last year, Congress agreed to $1.2 trillion in automatic spending cuts, unless politicians find other things to cut. They didn t, of course. So now, with so-called sequestration looming in January, panic has set in. Even the new 'fiscally responsible' Republicans vote against cutting Energy Department handouts to companies like Solyndra and subsidies to sugar producers. Many claim that any cut in military spending will weaken America and increase unemployment. It s another demonstration of the politicians' addiction to spending and how we are complicit...

http://tinyurl.com/cwehhjz


Informant: Thomas L. Knapp

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Four Spending Myths That Could Wreck Our World
http://www.commondreams.org/view/2012/07/18-10



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http://freepage.twoday.net/search?q=Clara+Jeffery
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