U.S. Economy Topics

Economy

Democracy Now! stories, posts and pages that relate to U.S. Economy

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  • Richard_wolff
    As Washington lawmakers pushes new austerity measures, economist Richard Wolff calls for a radical restructuring of the U.S. economic and financial systems. We talk about the $85 billion budget cuts as part of the sequester, banks too big to fail, Congress’ failure to learn the lessons of the 2008 economic collapse, and his new book, "Democracy at Work: A Cure for Capitalism." Wolff also gives Fox News host Bill O’Reilly...
    March 25, 2013 | Story
  • Peterson_pyramid
    With $85 billion across-the-board spending cuts, known as "the sequestration," set to take effect this Friday, a new investigation reveals how billionaire investors, such as Peter Peterson, have helped reshape the national debate on the economy, the debt and social spending. Between 2007 and 2011, Peterson personally contributed nearly $500 million to his Peter G. Peterson Foundation to push Congress to cut Social Security, Medicare...
    February 26, 2013 | Story
  • Imara_jones
    The word of the month in Washington is "sequestration," or the automatic $85 billion in spending cuts slated to take effect on March 1 unless Congress reaches a deal. What will those cuts mean in real life for the poor, unemployed, sick and children? Reporter Imara Jones of ColorLines.com joins us to discuss how the damage will stretch far beyond jobs, forcing a dramatic pullback in critical areas like health, education, housing and...
    February 21, 2013 | Story
  • 212_button
    Today we look back at 2012. In the most expensive election in U.S. history, President Barack Obama defeated Mitt Romney, forcing the Republicans to reconsider their policies, among others, around women and immigrants. While the major party presidential candidates did not take on climate change in any of their debates, it was a year of extreme weather — from the melting of the Arctic to Superstorm Sandy, to the massive typhoon in the...
    December 31, 2012 | Story
  • Dennis_kucinich-1
    As President Obama meets with congressional leaders at the White House in a last-ditch effort to reach a budget deal, we speak to outgoing Democratic Rep. Dennis Kucinich about the so-called fiscal cliff. If an agreement is not reached in time, $600 billion in automatic spending cuts and tax increases will go into effect on January 1. But the tax increases would not necessarily be permanent — the new Congress could pass legislation to...
    December 28, 2012 | Story
  • Big_dennis-kucinich-1024x683
    Democratic Rep. Dennis Kucinich of Ohio is serving his last week in Congress after eight terms in office. Since 1997, Kucinich has been a leading progressive voice on Capitol Hill, known for actions including the bringing of articles of impeachment against George W. Bush for the invasion and occupation of Iraq, voting against the USA PATRIOT Act, advocating for ending the war on drugs, challenging U.S. warfare from Afghanistan to Libya, and...
    December 28, 2012 | Story
  • Grijalva_
    Democratic Rep. Raúl Grijalva of Arizona joins us to discuss his opposition to President Obama’s offer to cut more from Social Security than from the military in the ongoing negotiations over avoiding the so-called fiscal cliff. Obama has offered to cut some $100 billion from military spending, but even more from Social Security: $130 billion by adjusting the inflation index for Social Security benefits. Grijalva says Obama’s...
    December 19, 2012 | Story
  • Dean_baker-fiscal_cliff
    As negotiations continue between the White House and House Speaker John Boehner, leading economist Dean Baker joins us to discuss the myths about the so-called fiscal cliff. With little more than two weeks before the deadline, President Obama insists on an immediate increase in the top two income-tax rates as a condition for further negotiations on changes to spending and entitlement programs. But Boehner said Washington’s "spending...
    December 14, 2012 | Story
  • Rolling_jubalee_opt_1
    An offshoot of Occupy Wall Street has launched a new movement called "Rolling Jubilee" to buy distressed debt from financial firms, often for pennies on the dollar, and then canceling it so that borrowers do not have to repay. The people who incurred the debt in the first place then get a certified letter informing them they are off the hook. Typically, financial institutions sell debt for pennies on the dollar to third parties who...
    November 15, 2012 | Story
  • Smiley_and_west-2
    As the most expensive presidential election in U.S. history comes to an end, broadcaster Tavis Smiley and professor, activist Dr. Cornel West join us to discuss President Obama’s re-election and their hopes for a national political agenda in and outside of the White House during Obama’s second term. At a time when one in six Americans is poor, the price tag for combined spending by federal candidates — along with their...
    November 09, 2012 | Story