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"Why regulate a broken system when we can build a better one? Welcome to New Economy 101. "

Speaking at the Twitter Town Hall at the White House today, the president said Congress "shouldn't be toying" with the debt ceiling and cautioned against risking the financial health of the country in order to protect the interests of the super wealthy.   "Never in our history has the United States defaulted on its debt. The debt ceiling should not be something that is used as a gun against the heads of the American people to extract tax breaks for corporate jet owners, for oil and gas companies that are making billions of dollars because the price of gasoline has gone up so high.  I mean, I'm happy to have those debates.  I think the American people are on my side on this," Obama said. The president was adamant that when it comes to fixing the economy and solving the deficit problem "we should go with what works," and that's a tax increase on the wealthy. "If the wealthiest among us -- and I include myself in this category -- are willing to give up a little bit more, then we can solve this problem.  It does not take a lot… when people say, you know, "job-killing tax increases, that's what Obama's proposing," we're not going to," he said. "You're entitled to your own opinions, but not your own facts.  And the facts are that a modest increase for wealthy individuals is not shown to have an adverse impact on job growth." "We can test the two theories.  You had what happened during the '90s.  Right?  Taxes for wealthy individuals were somewhat higher, businesses boomed, the economy boomed, great job growth;  and then the 2000s, when taxes were cut on wealthy individuals, jobs didn't grow as fast, businesses didn't grow as fast. I mean, it's not like we haven't tried what these other folks are pitching.  It didn't work.  And we should go with what works," he said.

"We the people have given away our sovereign money-creating power to private, for-profit lending institutions, which have used it to siphon wealth from the productive economy. Some states are moving to take that power back. "

"The public bank concept is gaining ground on the state level, attracting proponents across the political spectrum. "

"Working fewer hours could save our economy, save our sanity, and help save our planet. "

"Pollin, Robert | Garrett-Peltier, Heidi Building a Green Economy: Employment Effects of Green Energy Investments for Ontario Publication Date: 4/1/2009"

With the U.S. economy still the driver of global demand (and retaining its hegemonic dollar position), consumer retrenchment in the U.S. could pose a serious threat to global stability

Can Greece pay its debts? What about Portugal or Spain? Can a new prime minister reduce Britain's gaping budget deficit? Will the crisis rocking Europe spread? And what about the American economy?

RT @ThePeoplesCause: Why is Microsoft More Creditworthy Than U.S. Government?: How Corporate Tax Avoidance is Killing Our Economy > h ...