Austerity

How to Avoid the Austerity Trap But Still Deal With the Budget Deficit

Robert Reich | Posted 05.29.2012

Read More: European Debt Crisis, Eurozone, Budget Deficit, Europe, Federal Budget Deficit, Budget Cuts, Budget, Austerity, Debt Ceiling, Politics News
Robert Reich

Here is a way for us to avoid the austerity trap that Europe has fallen into. And we get on with the long-term job of taming the budget deficit when the economy is healthy enough to do so.

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As Goes Greece

Robert Kuttner | Posted 05.29.2012

Read More: European Union, Eurozone, Greece, Greece Debt Crisis, Angela Merkel, Greece Euro, Germany, Austerity, World News
Robert Kuttner

Historians will look back on the spring of 2012 as moment when Europe's institutions and leaders either failed to contain a deepening crisis -- or as a time when leadership grasped the common stakes and rose to the occasion.

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Romney Messes Up, Tells the Truth About Austerity

William K. Black | Posted 05.25.2012

Read More: Mitt Romney, Debt Ceiling, Mitt Romney Economy, Economy, Mitt Romney 2012, Austerity, Politics News
William K. Black

Mitt Romney has periodic breakdowns when asked questions about the economy because he sometimes forgets the need to lie, as happened recently in an interview with Time magazine.

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Letter From a 'Nouveau Pauvre'

Elizabeth Boleman-Herring | Posted 05.24.2012

Read More: Yoga, Robert Frost, Poverty, New Jersey, Greek Debt Crisis, Poetry, Middle Class, Austerity, Culture News
Elizabeth Boleman-Herring

Until very recently, I was one of the unemployed-no-longer-looking-for-work, but I have changed that status. I apply for positions here and there: positions that might earn me a little gas money, but certainly not pay my health insurance.

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Austerity Isn't Working

Matt Browne | Posted 05.22.2012

Read More: European Debt Crisis, European Union, Francois Hollande, Barack Obama, Austerity, Financial Crisis, Global Financial Crisis, Austerity Measures, Europe, World News
Matt Browne

Austerity Isn't Working's goal is to illustrate the human cost of austerity, compile the growing economic evidence that austerity isn't working, and promote fresh ideas designed to shape a fiscally responsible, pro-European, pro-growth response to the crisis.

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At G8 Summit, Obama Emphasizes Growth Over Austerity

AP | BEN FELLER and JIM KUHNHENN | Posted 05.20.2012

Read More: Video, Greece, G8 Summit, G8 Summit 2012, G8, Group of Eight, Camp David, Angela Merkel, Elections 2012, Group of 8, Barack Obama 2012, Francois Hollande, Stimulus, Barack Obama, Austerity, World News

CAMP DAVID, Md. -- Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declar...

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Europe's Economic Woes Overshadow G8 Summit

Reuters | Posted 05.19.2012

Read More: Mario Monti, G-8 Summit, Video, Eurozone, Greece, G8 Summit 2012, G8 Summit, Reuters, Group of Eight, Europe Financial Austerity, Angela Merkel, Francois Hollande, Barack Obama, Euro, Austerity, World News

By Jeff Mason and Laura MacInnis CAMP DAVID, Md., May 19 (Reuters) - U.S. President Barack Obama pledged at a Group of Eight summit on...

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Jon Ward

Romney Embraces Growth, Leaving Austerity To Europe

HuffingtonPost.com | Jon Ward | Posted 05.19.2012

Read More: Video, Greece, Angela Merkel, Mitt Romney, Elections 2012, European Crisis, Growth, Francois Hollande, Barack Obama, Austerity, Politics News

WASHINGTON -– Austerity is out. Growth is in. And Mitt Romney's campaign has taken notice. Politicians in Europe and in President Barack Obama's...

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Friday Talking Points -- Good Enough for My Money

Chris Weigant | Posted 05.18.2012

Read More: Eduardo Saverin, Vawa, War on Women, Filibuster, Ex-PATRIOT Act, Nato, Violence Against Women Act, Abortion, Eleanor Holmes Norton, Americans Elect, Mitt Romney, Congress, Facebook, Barack Obama, Election, Austerity, JP Morgan, Wall Street, Wisconsin, Bain, Politics News
Chris Weigant

It was a somewhat eclectic week in politics. The House -- in one of their rare moments when they actually meet and attempt to get something done -- passed a bunch of bills which have exactly zero chance of becoming law. Well, at least they had fun, right?

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The Austerity Trap and the Jobs Deficit

Robert L. Borosage | Posted 05.17.2012

Read More: Romney, Jobs, Debt, Obama, Austerity, Budget Plan, Unemployment, Romney Debt, Paul Ryan Budget Plan, Politics News
Robert L. Borosage

Before dealing with the "prairie fire" that threatens the nation, Romney and Republicans want to add fuel to the flames. Their first priority is spending more money on the military and collecting less money from the rich and the corporations.

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Austerity Offers Europe Their Only Hope

Michael Pento | Posted 05.17.2012

Read More: Keynesian Economics, Europe Economy, Keynesians, Austerity Measures, Austerity, Business News
Michael Pento

Blaming a recession on the idea that an insolvent government was finally forced into reducing its debt is like blaming a morning hangover on the fact that you eventually had to stop drinking the night before.

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A Primer on the Eurozone Crisis and How It Could Affect Us

Robert J. Shapiro | Posted 05.16.2012

Read More: Goldman Sachs, Esther George, Eurozone Crisis, Angela Merkel, Henry Paulson, The Globalist, European Central Bank, Austerity, Greece, World News
Robert J. Shapiro

Only by leaving can Greece reissue the drachma and let it devalue sharply. Everything Greek will be available at fire sale prices, which will attract foreign investors and make Greek exports price competitive. Greece and its people will be left a lot poorer, but that's also now inevitable.

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Ryan Grim

'Off With Their Heads': U.S. Politicians Eye Europe Warily

HuffingtonPost.com | Ryan Grim | Posted 05.16.2012

Read More: David Cameron, Pat Roberts, Elections 2012, Pat McFadden, Lindsey Graham, Jon Trickett, Austerity, Nicolas Sarkozy, Grand Bargain, European Debt Crisis, Video, Greece, European Elections, Jerry Nadler, Angela Merkel, Francois Hollande, Brad Miller, Politics News

Ned Simons reported from London, Alexandre Phalippou from Paris, and Ryan Grim from Washington. When Federal Reserve Chairman Ben Bernanke ventured...

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For Whom the Austerity Bell Tolls

Jared Bernstein | Posted 05.15.2012

Read More: Deficit Reduction, Deficit, Austerity Measures, Budget Cuts, Austerity, Business News
Jared Bernstein

Next time someone asks you for whom the austerity bell tolls, tell them it ain't just the EU.

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Eurozone's Economy 'Not Likely To Recover Any Time Soon'

Reuters | Posted 05.15.2012

Read More: Video, Consumer Confidence, Germany, Reuters, Euro Zone, Manufacturing, Financial Crisis, Saxo Bank, Austerity Measures, Gross Domestic Product, Recession, Citigroup, Austerity, Business News

* Euro zone GDP stable at 0.0 pct change in Q1 from Q4 2011 * Germany surprises with 0.5 percent growth in Q1 * French g...

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Why We Have a Deficit

Dave Johnson | Posted 05.14.2012

Read More: Taxes, Deficit, Strategic Deficits, Bush, Budget Deficits, Republicans, Bush Tax Cuts, Austerity, Politics News
Dave Johnson

Just ten years ago this country was running huge surpluses and paying off its debt. But then we elected Obama and all hell broke loose. Oh, wait...

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Euro Ministers Plead With Greece To Stick With Austerity Program

AP | RAF CASERT | Posted 05.14.2012

Read More: Video, Eurozone, Greece, Greece Debt Crisis, European Union, Greek Austerity, Greek Debt Crisis, Austerity Measures, Greece Austerity, Austerity, Business News

BRUSSELS — Leading European Union finance officials promised to stand by Greece as a member of the eurozone provided it sticks to its bailout te...

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Aging Citizens Contribute to National Growth

Michael Hodin | Posted 05.14.2012

Read More: Baby Boomers, Wisconsin, Greece, Germany, Euro Crisis, Scott Walker, Angela Merkel, Aging Workforce, Governor Scott Walker, Aging Populations, Austerity, Fifty News
Michael Hodin

From Athens, Greece, to Madison, Wisconsin, the common theme today is said to be "austerity versus growth."

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How Will the French and Greek Elections Change the Direction of Europe?

Gemma Godfrey | Posted 05.14.2012

Read More: Debt, Markets, Eurozone, Money, France, Economy, Italy, Austerity, Euro, Investors, Deficit, Greece, Wealth, Germany, Investment, Crisis, World Elections 2012, Business News
Gemma Godfrey

As French and Greek voters make their feeling about spending cuts loud and clear, we ask ourselves: why has there been such a strong swing to anti-austerity/pro-growth, how does this threaten the survival of the euro and is a Greek default still possible?

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Show Peter Peterson We Reject His Elite Austerity Consensus

Roger Hickey | Posted 05.13.2012

Read More: Federal Budget Deficit, Simpson-Bowles, Jobs, Pete Peterson, Bernie Sanders, Economic Growth, Campaign for America's Future, Austerity, Fiscal Policy, Politics News
Roger Hickey

This meeting will not issue a rallying cry for bold growth policies to put America to work. And we should try to make sure that Democrats do not buy into what the organizers are selling -- because the voters certainly won't.

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Fiscal Futility

Robert Kuttner | Posted 05.13.2012

Read More: Peter G. Peterson Foundation, Pete Peterson, Peter-G-Peterson-Foundation, Koch Brothers, Bowles-Simpson, Austerity, Politics News
Robert Kuttner

Austerity is a false cure for a prolonged recession. The Peterson Foundation is using a genuine crisis as an excuse to bash social insurance, at a time when we should be expanding social insurance. It's appalling that so many people are gulled by this propaganda.

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Merkel, Austerity Policies Dealt Blow

Reuters | Posted 05.13.2012

Read More: Angela Merkel, Video, World News, Germany, German Chancellor Angela Merkel, Politics News, Reuters, Austerity Measures, German Politics, German Elections, Austerity, World News

* Projections show worst post-war result in state for CDU * Result could harden opposition to Berlin's austerity policies ...

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Will Democrats Embrace American Austerity? Crash This Party and See

Richard (RJ) Eskow | Posted 05.11.2012

Read More: Austerity Watch, Bill Clinton, Fiscal Summit, Strengthen Social Security, Alan Simpson, An Economy for All, Chris Van Hollen, Pete Peterson, Austerity, Politics News
Richard (RJ) Eskow

Maybe your invitation to billionaire Pete Peterson's "Fiscal Summit" got lost in the mail. Or maybe they really, really didn't want you there.

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Poverty and Unemployment: The Unfinished Business of the Obama Administration

David Coates | Posted 05.11.2012

Read More: Unemployment, Poverty, New Deal, Wages, Stimulus, Job Creation, War on Poverty, Inequality, Austerity, Politics News
David Coates

Back in the 1930s, it took FDR two goes to get his New Deal up and running. It is time for the Obama Administration to take heart from that, and have a second go itself.

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The Great Populist Wave

Brent Budowsky | Posted 05.10.2012

Read More: Populist Wave, Populism, Military Families, Voter Mobilization, National Front, Liberals, France, Buying Legislation, Shared Prosperity, Progressives, Shared Sacrifice, Hispanics, Inequities, Injustice, Financial Felons, Voter Registration, Jesus, Job Destruction, Buying Elections, Cheating, Medicare, Fairness, Britain, Voter Suppression, Bank of America, Homeowners, Democracy, Democrats, Voter Turnout, Wells Fargo, Austerity, Stealing Elections, Fraud, Abraham Lincoln, Patriotism, Human Rights, Voter Rights, Elites, Insurers, Consumers, John Kennedy, China, Chen Guangcheng, Republicans, Politics News
Brent Budowsky

At this moment, in our land, it is time for the true champions of the 99 percent to launch the largest voter registration, mobilization and turnout campaign in the history of freedom.

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