Wednesday May 23, 2012
| Last update: Wednesday at 4:19 PM
End the wars! Tax the rich!
BY Masao Suzuki | San José, CA | 8/07/11
The recent federal debt limit deal passed by the House and Senate and signed into law by president Obama promises at least $2.1 trillion in spending cuts and lower interest payments over the next ten years. This deal did not include any savings from ending the wars in Iraq and Afghanistan, or from restoring higher taxes for the rich.
Medicare, Social Security, Tea Party
Federal debt deal signals new era of austerity
BY Masao Suzuki | San José, CA | 8/05/11
On Aug. 2, President Obama signed into law a bipartisan deal to raise the federal debt limit and cut federal spending.
austerity, Debt ceiling, federal debt, Medicare, Social Security
The Bipartisan Senate Proposal: Don’t believe the hype
BY Masao Suzuki | United States | 7/26/11
The Bipartisan Senate Proposal is being pushed by the so-called Gang of Six - Saxby Chambliss (R-Georgia), Tom Coburn (R-Oklahoma), Kent Conrad (D-North Dakota), Mike Crapo (R-Idaho), Dick Durbin (D-Illinois), and Mark Warner (D-Virginia). Four of them were members of the National Commission on Fiscal Responsibility and Reform which was unable to pass a proposal to cut the Federal Budget deficit. This proposal has been welcomed by President Obama, who said that he endorsed the thrust of the proposal.
Bipartisan Senate Proposal, Gang of Six, Medicare, Social Security
The debt ceiling debate
BY Masao Suzuki | San José, CA | 7/25/11
In the current debate about what to do about the debt ceiling, there are two positions that are prominent in Washington, D.C. and in the corporate controlled media. One is the House Republican position summarized as Cut, Cap, and Balance, and the other is the Senate bipartisan position that has been welcomed by President Obama.
Cut cap and balance, Debt ceiling, Medicare
Where did the federal government debt come from?
BY Masao Suzuki | San José, CA | 7/09/11
In less than a month, the federal government will have to either raise the limit on how much it can borrow, or will have to slash spending by $120 billion each month.
federal government debt, Medicare, Social Security
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