Budget

Wrestling Over the Debt Ceiling

As Republicans threaten to throw the U.S. economy into a new crisis by not raising the debt ceiling, Democrats have given ground time and again, erasing one line in the sand after another. But is this self-inflicted crisis real or just another political game, asks Danny Schechter. 

The Big Fat GOP Budget Lie

Exclusive: At every turn of the debt-ceiling battle, Republicans repeat the talking point that Washington doesn’t have a “revenue problem,” but a “spending problem” – as if saying so makes it true. But the reality is that today’s debt crisis is driven more by George W. Bush’s tax cuts than anything else, as Sam Parry…

How the Rich Won the Class War

Over the past several decades, the Right has convinced millions of Americans that Government is the source of all problems, that Corporations must have near-total freedom, and that the Rich must enjoy low taxes. The consequence has been a devastated middle class and fiscal chaos, writes Michael Winship.

Winning with Kamikaze Tactics

The dangerous political and economic trends of the past three decades are coming to a head in Washington current debt battle. The Right is armed with its anti-government extremism and its vast propaganda machine, while the Democrats seek compromise and the Left remains disorganized, as Danny Schechter notes.

How Greed Destroys America

Exclusive: New studies show that America’s corporate chieftains are living like kings while the middle class stagnates and shrivels. Yet, the Tea Party and other anti-tax forces remain determined to protect the historically low tax rates of the rich and push the burden of reducing the federal debt onto the rest of society, a curious…

How Gates Boxed in Panetta

Departing Defense Secretary Robert Gates is winning hosannas around Washington as a straight-talking “wise man” who reined in wasteful spending. However, the reality is much different, with Gates having spoken out of both sides of his mouth in a way that has created a dilemma for his successor, writes ex-CIA analyst Melvin A. Goodman.

Drug War’s March of Folly

Exclusive: Four decades ago, President Richard Nixon declared a “war on drugs,” setting in motion one of the most destructive exercises in prohibition in American history. Legal rights of citizens were trampled, countless billions of dollars were expended, violence spread and the prisons filled, but little progress was made. And, Richard L. Fricker notes that…

Was Bob Gates a Success?

Official Washington loves departing Defense Secretary Robert Gates; politicians and pundits alike hang on his every word, applauding his “candor” and praising his “courageous” spending cuts. But military budget expert Winslow T. Wheeler says Gates’s record doesn’t match his press clippings.

Neocons Trade Medicare for War

Exclusive: The American neocons are again on the upswing as they undercut peace initiatives from the Obama administration and gain Republican support for maintaining massive Pentagon spending, in exchange for limiting senior citizens’ access to Medicare. As Robert Parry reports, the neocons can now see the light at the end of the tunnel for their restoration…

Hailing Gates for Pentagon ‘Savings’

Since becoming Defense Secretary in December 2006, Robert Gates has wallowed in flattering press clippings, most recently hailed as the heroic Pentagon budget cutter eliminating wasteful weapons systems. However, the reality is quite different as Gates ends his tenure at the Pentagon with more – and more costly – weapons systems than before his much-touted…