TRP News with James Andre. This week – New numbers for the budget deficit and the same old story with Republicans and the federal budget. Europe struggles with the record flow of migrants. The Left is adopting the destructive and divisive tactics of the Right, and what does it mean to be ‘progressive’? 0:30 Budget…
Tag: debt
TRP News – Progressive News & Information – August 10, 2015 – The Rational Progressive
TRP News with James Andre. This week – the Jade Helm military exercise brings out the crazies, Potential Reid successor Senator Schumer bucks White House on Iran deal, voting rights on the 50th anniversary of the voting rights amendment, an update on the HIV outbreak in Indiana, the EPA accident polluting a Colorado river with…
TRP News – Progressive News & Information – August 3, 2015 – The Rational Progressive
TRP News with James Andre. This week – Sanders vs Clinton, smears and facing reality, the Iran deal is being reviewed by Congress and touted by Sec Kerry, Obama reveals new carbon emissions rules, the first of their kind in the nation, Fukushima takes steps forward in the clean up of the nuclear accident, and…
TRP News – Progressive News & Information – July 27, 2015
TRP News with James Andre. This week – Barney Frank and the New York Times weigh in on Sanders and Clinton, Federal government runs out of money October 1st, Turkey agrees to help in the fight against ISIL and coalition airstrikes continue, GMO food labeling bills get votes in the House, and an update on…
TRP News – Progressive News & Information – July 20, 2015
TRP News with James Andre. This week – the Iran deal finally happens and is sent to Congress and the U.N., ISIL ramps up efforts to expand ranks, The federal deficit and debt ceiling, Democrats and Clinton vs. Sanders, the Obamas go to New York City and the haters go crazy. 0:20 Iran…
China state media blasts US shutdown, calls for a ‘de-Americanized’ world
With days to go before the United States debt default deadline, Beijing aired its frustrations with the shutdown Sunday, saying it was time to consider a “de-Americanized” world order. With $1.28 trillion in U.S. Treasuries, China is easily the biggest foreign holder of American debt. China has also funneled billions of dollars into private American investments…
14 GOP Congressmen Who Think Government Shouldn’t Borrow Have Big Debts Of Their Own
Government is nothing like a business and cannot be run as one — its aim is to protect its citizens, not to turn a profit. Businesses and individuals often borrow in the short term to make investments for the long term — mortgages, lines of credits, and other sorts of loans are facts of…
Newt Gingrich warns GOP on debt ceiling
Former House Speaker Newt Gingrich said Friday that the upcoming showdown over the debt ceiling isn’t a political winner for House Republicans, but dubbed it a “dead loser.” “They’ve got to find, in the House, a totally new strategy,” Gingrich said on MSNBC’s “Morning Joe.” “Everybody’s now talking about, ‘Oh, here comes the debt ceiling.’…
Record Number Of Americans Now Have Student Loan Debt
Nearly one-in-five American households now have student loan debt, according to a study released by the Pew Research Center. Overall, 19 percent of households carried some amount of student debt in 2010, up from just 15 percent in 2007. Borrowers on average owed more than $26,000, double what they owed in 1995. Student loan debt…
Paul Ryan vs. The Stench
“I hate to say this, but if Ryan wants to run for national office again, he’ll probably have to wash the stench of Romney off of him,” Craig Robinson, a former political director of the Republican Party of Iowa, told The New York Times on Sunday. Coming from a resident of Iowa, a state where…
Greed and Debt: The True Story of Mitt Romney and Bain Capital
Last May, in a much-touted speech in Iowa, Romney used language that was literally inflammatory to describe America’s federal borrowing. “A prairie fire of debt is sweeping across Iowa and our nation,” he declared. “Every day we fail to act, that fire gets closer to the homes and children we love.” Our collective debt is…
GOP Nominee Ryan: I Didnt Vote For The Defense Cuts I Voted For
Vice Presidential candidate Paul Ryan has gotten in hot water before for criticizing President Obama for the very same defense cuts that he voted for in 2011. When confronted with this incongruity today on Face The Nation, Ryan simply denied that he ever voted for the cuts, telling an incredulous Norah O’Donnell that he didn’t actually vote…
A world of zombie economic policies — policies that should have been killed
The good news is that many influential people are finally admitting that the confidence fairy was a myth. The bad news is that despite this admission there seems to be little prospect of a near-term course change either in Europe or here in America, where we never fully embraced the doctrine, but have, nonetheless, had…
About The Affordable Care Act And The Deficit
The current law baseline assumes the expiration of all the Bush tax cuts, it assumes the spending sequester will take effect, it assumes huge Medicare cuts that Congress will never permit, and much more. If we follow current law, we don’t really have a deficit problem. No one believes we will follow current law. If…
House Republican Budget Could Cut Off Food Assistance For Millions Of Low-Income Americans
Ryan’s budget would turn food stamps into a block grant program, sending it back to the states to do with as they see fit. The plan also cuts SNAP by 17 percent, or more than $133 billion. As the Center on Budget and Policy Priorities noted, this proposal could cut millions of low-income people off…
Why the Republican budgets make the poor pay
But now cuts to those programs have to pay for the deficit reduction, the increased defense spending, and the tax cuts. That means the cuts to those programs have to be really, really, really deep. The authors have no other choice. In Ryan’s plan, for instance, revenues are approximately $2 trillion below the levels in…
GOP Budget Plan To Reduce The Debt Actually Makes The Debt Worse
House Budget Committee Chairman Paul Ryan (R-WI) released the GOP’s new budget this morning, and in doing so, he touted it as a plan to make America’s level of debt more sustainable. “We’ve shared with Americans a specific plan of action that cuts spending, pays off the debt and gets our economy back on the…
The Return Of Debtor’s Prisons: Thousands Of Americans Jailed For Not Paying Their Bills
More than a third of all states now allow borrowers who don’t pay their bills to be jailed, even when debtor’s prisons have been explicitly banned by state constitutions. A report by the American Civil Liberties Union found that people were imprisoned even when the cost of doing so exceeded the amount of debt they…
CHART: Thanks To The 99 Percent Movement, Media Finally Covering Jobs Crisis And Marginalizing Deficit Hysteria
For example, at the beginning of August, when Washington, DC was debating the debt ceiling crisis, the national debt dominated the airwaves. While it was appropriate for the media then to be covering the deficit due to the debt ceiling debate at the time, there was a stunning lack of coverage of the…
Americans’ Student Loan Balance Now Exceeds $1 Trillion
USA Today parses through New York Federal Reserve’s latest report (pdf) on Household Debt and Credit and finds that for the first time, this year the amount of student loans will surpass the $100 billion mark and the outstanding balance will exceed $1 trillion. That means the amount of credit card debt and student debt…