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thinkahol *

Elizabeth Warren on Debt Crisis, Fair Taxation - YouTube - 0 views

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    Elizabeth Warren discussing the debt crisis, fair taxation and other important issues as part of her talking tour.
thinkahol *

If US is Serious About Debt, There's a Single-Payer Solution | Common Dreams - 0 views

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    If America truly is serious about dealing with its deficit problems, there's a fairly simple solution. But you're probably not going to like it: Enact a single-payer health care plan.

    See, we told you weren't going to like it.
thinkahol *

REPORT: Debt Ceiling Deal Will Cost 1.8 Million Jobs In 2012 | ThinkProgress - 0 views

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    The Economic Policy Institute, a top nonpartisan think tank, estimates that the deal struck this weekend to raise the nation's debt limit will end up costing the economy 1.8 million jobs by 2012.
thinkahol *

Debt deal: anger and deceit has led the US into a billionaires' coup | George Monbiot |... - 0 views

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    The debt deal will hurt the poorest Americans, convinced by Fox and the Tea Party to act against their own welfare
thinkahol *

Debt Ceiling Deal: The Democrats Take a Dive | Rolling Stone Politics | Taibblog | Matt... - 0 views

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    So the debt deal has finally been reached. As expected, the agreement arrives in a form that right-thinking people everywhere can feel terrible about with great confidence.

thinkahol *

Super Congress Debt Reduction Has Little Transparency - 0 views

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    The text of the budget deal reached by President Barack Obama and congressional leaders contains few specific public disclosure provisions for the committee. The standing committees of Congress are allowed to send suggestions for ways to reduce the debt to the super committee members, but there is, as yet, no provision for the disclosure of those reports. The final report is required to be publicly disclosed upon completion, however there is no requirement that the report be placed online. There are also no official requirements for web-casting of committee meetings.

thinkahol *

Mainstream Reporters: Too Close to the Field and Teams to Get the Debt Story | MichaelM... - 0 views

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    If you were a spectator in a sky box seat looking directly down on the Washington debt debate, you'd be seeing a contest both narrow and off to one edge of the field -- like watching a football game being played entirely between the 10-yard line and the goal line.
thinkahol *

NewsDaily: S&P warns against prioritizing debt payments: report - 0 views

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    NEW YORK, July 26, 2011 (Reuters) - Prioritizing debt payments to avoid a default would be "deeply disruptive" to the economy, Standard & Poor's global head of sovereign ratings said in an interview with CNBC on Tuesday.

thinkahol *

Debt Political Theater Diverts Attention While Americans' Wealth Is Stolen | Common Dreams - 0 views

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    The rancorous debate over the debt belies a fundamental truth of our economy -- that it is run for the few at the expense of the many, that our entire government has been turned into a machine which takes the wealth of a mass of Americans and accelerates it into the hands of the few. Let me give you some examples.
thinkahol *

Five myths about the debt ceiling - The Washington Post - 0 views

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    In recent months, the federal debt ceiling - last increased in February 2010 and now standing at $14.3 trillion - has become a matter of national debate and political hysteria. The ceiling must be raised by Aug. 2, Treasury says, or the government will run out of cash. Congressional Republicans counter that they won't raise the debt limit unless Democrats agree to large budget cuts with no tax increases. President Obama insists that closing tax loopholes must be part of the package. Whom and what to believe in the great debt-limit debate? Here are some misconceptions that get to the heart of the battle.
thinkahol *

We can only cut debt by borrowing | Martin Wolf's Exchange | FT.com - 0 views

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    "You can't cut debt by borrowing." How often have you read or heard this comment from "austerians" (a nice variant on "Austrians"), who complain about the huge fiscal deficits that have followed the financial crisis? The obvious response is: so what?
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