Tag: Big Corporations

Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

Tina Marie (Ms. Cat)

The United States faces a default on its debt in early June if a deal on the debt ceiling is not reached between the Biden administration and Republicans in Congress before then. House Speaker Kevin McCarthy is pushing for sweeping budget cuts and new work requirements for recipients of government programs, including Social Security, Medicare, Medicaid and SNAP. Notably, however, neither Republicans nor Democrats are proposing cuts to one of the biggest drivers of the nation’s debt: the massive U.S. military budget. “We’ve got to get this military-industrial lobby under control, but it’s hard to do, because it’s a bipartisan affair,” says our guest, economist Jeffrey Sachs, whose recent article is headlined “America’s Wars and the US Debt Crisis.”

Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

Previously:

The War in Ukraine Was Provoked—and Why That Matters to Achieve Peace

Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine

Tina Marie (Ms. Cat)1 Comment

At a press conference Sunday following the G7 summit in Hiroshima, Japan, President Joe Biden called on Republican House Speaker Kevin McCarthy to meet face to face to revive talks on a bipartisan plan to slash social spending in return for raising the nation’s debt ceiling and averting a default.

Biden proposes $1 trillion in social spending cuts after announcing $375 million more for war in Ukraine

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Tina Marie (Ms. Cat)

As American monopolies fix prices higher and higher, the Federal Reserve bizarrely has concluded that employment is to blame for inflation. For months, Fed chairman Jerome Powell has increased interest rates in the hopes of throwing workers out in the street and thus supposedly reducing prices. While I’m sure that corporate, donor-bought congressmembers appreciate his struggles in the class war against the poor and middle class, it’s all a crock.

Monopolies Cause Inflation, While Fed Chairman Powell Blames Workers

Honduras: A Coup in the Making

Tina Marie (Ms. Cat)

Saheli Chowdhury

Another coup in the making in Honduras?

The president of Honduras, Xiomara Castro, created a stir when she recently called out a coup in the making against her government. On April 22, the president decried that her government is the victim of “a conspiracy in the making,” which is being plotted by the very same people who had carried out the coup against ex-President Manuel Zelaya in 2009.

Honduras: A Coup in the Making