World-News

Dean Baker, Truthout: 'House Budget Committee Chairman Paul Ryan put out a budget proposal last week that will leave the vast majority of future retirees without decent health care by ending Medicare as we know it. According to the Congressional Budget Office (CBO) analysis, most middle-income retirees would have to pay almost half of their income to purchase a Medicare equivalent insurance package by 2030. They would be paying much more than half of their income in later years.'

http://www.truth-out.org/paul-ryan-your-pockets-government-people-who-hate-you



The Vote This Week to End Medicare and Social Security

Bill Scher, Campaign for Americas Future: 'Last month, House Majority Leader Eric Cantor literally said Social Security 'cannot exist if we want America to be what we want America to be.' Then last week, House Budget Committee literally approved the end of Medicare as guaranteed affordable comprehensive health insurance for every retired American. The full House is expected to follow suit this week.'

http://truthout.org/vote-week-end-medicare-and-social-security/1302418800



Lines Drawn for Next Big Budget Battle, the Debt Ceiling

David Goldstein, McClatchy Newspapers: 'House Republicans, fresh from their showdown with Democrats over cuts in the current federal budget, promised Sunday to take an even tougher stand on spending next month when Congress will be asked to increase the amount of money the government is allowed to borrow.'

http://www.truth-out.org/lines-drawn-next-big-budget-battle-debt-ceiling/1302418800

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Global Access Project: AIDS Activists Arrested Taking Over Republican Leader Eric Cantor?s Office Protest 'Compromise' Global Budget Cuts and Syringe Exchange Ban for DC

http://www.commondreams.org/newswire/2011/04/11-0

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Government should be banned from borrowing

Adam Smith Institute
by Eamonn Butler

04/11/11

For a very long time, it has seemed perfectly natural that governments could and should borrow -- to finance expensive wars or infrastructure projects, for example. Keynesian economists saw the occasional deficit as an important way of managing the economy. But once you give politicians the power to borrow, a huge moral hazard arises. It becomes just too tempting, and too easy, to borrow for the purposes of current consumption, rather than future benefit...

http://tinyurl.com/5t6fo9q


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Ryan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Eric+Cantor
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Keynes
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=retire
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=social+security
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=healthcare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=medicare
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=David+Goldstein
http://freepage.twoday.net/search?q=Eamonn+Butler
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