Exclusive: The only practical way to get the U.S. back on track economically is to raise taxes on the rich and use the money to rebuild the country. But anti-government extremists have taken over the Republican Party and won’t let go. So, what can be done to save the GOP from itself, asks Robert Parry.
Exclusive: The U.S. news media continues to hail Rep. Paul Ryan as a “fiscal hawk” despite the ocean of red ink in his budget plan. The latest to misrepresent Ryan’s record is the New York Times’ Katharine Q. Seelye, who famously distorted Al Gore’s words in Campaign 2000, writes Robert Parry.
Republican vice presidential choice Paul Ryan calls himself a devout Catholic, but his right-wing politics would divert more wealth to the rich at the expense of the poor, the opposite of both the teachings of Jesus and the recommendations of the Vatican, notes Catholic ethicist Daniel C. Maguire.
Exclusive: Mitt Romney and Paul Ryan were quick to assure U.S. seniors that they will be grandfathered in to today’s Medicare – even if younger Americans get stuck with an inferior system – a bet that the selfishness of “greedy geezers” will grease the way to a Republican victory, writes Robert Parry.
Despite rhetorical suggestions about a shift in U.S. geopolitical strategy, the pre-placement of military stockpiles indicates that America’s security interests will remain focused on protecting oil supplies, writes the Independent Institute’s Ivan Eland.
While advocating more tax cuts tilted to the rich, Republican presidential candidate Mitt Romney also wants to expand military spending, meaning that social programs would take a big hit. But polls indicate Americans prefer cutting Pentagon dollars rather than Social Security and Medicare, writes Lawrence S. Wittner.
Despite economic recession and government austerity, the world’s military spending continued to grow last year, exceeding $1.7 trillion, with the United States accounting for more than two-fifths of that money, as Lawrence S. Wittner reports.
Since the early supply-side days of Ronald Reagan, the Right has pretended that slashing taxes on the rich will generate extra revenue, thus more than paying for itself. The reality has turned out differently, but Michael Winship says that hasn’t changed the determination to bend reality to politics.
Exclusive: Any rational assessment of America’s economic troubles would identify Ronald Reagan’s reckless “supply-side” economics as a chief culprit, but that hasn’t stopped Republican presidential hopefuls, led by Newt Gingrich, from selling this discredited theory to a gullible GOP base, reports Robert Parry.
The Wall Street banks may have crawled back from the cliff of 2008 – and may have trimmed their bonuses a bit as they adjust to a more austere America – but they still get to place ex-employees in key government jobs, close to the ear of power, as Bill Moyers and Michael Winship note.