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We are at a pivotal moment in American history, and many Americans watching the deficit talks in Washington are confused, perplexed, angry and frustrated. This country, which has paid its debts from Day 1, must pay its debts. Anyone who says it is not a big deal for this country to default clearly does not understand what he or she is talking about. This is a nation whose faith and credit has been the gold standard of countries throughout the world. Some people simply say we're not going to pay our debt, that there's nothing to really worry about. Those are people who are wishing our economy harm for political reasons, and those are people whose attitudes will have terrible consequences for virtually every working family in this country in terms of higher interest rates, in terms of significant job loss, in terms of making a very unstable global economy even more unstable. Our right-wing friends in the House of Representatives have given us an option. What they have said is end Medicare as we know it and force elderly people, many of whom don't have the money, to pay substantially more for their health care. So when you're 70 under their plan and you get sick and you don't have a whole lot of income, we don't know what happens to you. They forget to tell us that if their plan was passed you're going to have to pay a heck of a lot more for the prescription drugs you're getting today. They we're going to throw millions of kids off health insurance. If your mom or dad is in a nursing home and that nursing home bill is paid significantly by Medicaid and Medicaid isn't paying anymore, they forgot to tell us what happens to your mom or dad in that nursing home. What happens? And what happens today if you are unemployed and you're not able to get unemployment extension? What happens if you are a middle-class family desperately trying to send their kids to college and you make savage cuts to Pell grants and you can't go to college? What does it mean for the nation if we

It's in the works. A massive Occupy Wall Street gathering with delegates from all over the country. And if these plans are carried out, Occupy Wall Street will be a major force to be reckoned with on Election Day 2012.

In the two weeks since the New York Police Department cleared New York's Zuccotti Park of its camping protesters, the Occupy Wall Street movement has increasingly turned its attention to Washington. Last week, some 50 marchers arrived at McPherson Square from New York and then marched on the Capitol. Yesterday, Occupy DC targeted congressional Democrats at a campaign fundraiser. Now, protesters say they plan to Occupy Congress on Jan. 17, in the "largest Occupy protest ever!"

Keith and filmmaker and activist Michael Moore discuss the early-morning raid on New York's Occupy Wall Street encampment in Zuccotti Park. Noting that the movement will be revitalized by the setback, Moore also stresses that the federal government has been involved with coordinating the strategy and tactics of the raids that took place across the country over the past 48 hours: "This is not some coincidence. This was planned and I think the question really has to be asked of the federal government and of the Obama administration. Why? Why? Why are you participating in this against a non-violent mass movement of people who are upset at what Wall Street and the banks have done to their lives?"

The White House moved the location of the G8 summit from Chicago to the Presidential retreat Camp David, they say, "to have a more intimate setting." Meanwhile in Chicago, Occupy protesters had planned a large protest to speak out against the war and poverty agenda. This video is a dramatization of what the G8 summit COULD be, if our representatives chose to represent the future. For if we do not end extreme poverty now, someday, someone else will. Please share this video if you want to be a member of that great generation that for the first time had it within its power to end poverty, and did so.

The danger of depending too much on a Chinese rescue for the global economy: Even planned slowdowns cause panic

The fast food chain is complaining about healthcare reform, reports the newspaper. That's a good thing

Hansen's proposal makes use of market principles, by prodding the market to tell the truth about the costs of carbon-based energy through prices.

Fundamentally, without major government commitments to high-speed rail, America simply will not have a high-speed passenger rail network. This should probably be discomfiting, since every other economic superpower (the EU, Japan and China) does have a high-speed rail network. That makes America look a bit backward. The time horizon for building such a network is several decades, and it's interesting to think about what will happen in the middle decades of this century if air transport becomes unaffordable due to high fuel costs and America doesn't have an electric alternative for high-speed intercity transit.

For the third time in the last 20 years, establishment voices with high-profile slots in traditional media are trying to convince the public to accept cuts to Social Security by endlessly claiming such cuts are necessary, without giving coherent evidence to justify the claim. Twice, under former presidents Clinton and George W. Bush, these voices were defeated - but they didn't give up. And now they are in striking distance of their goal: the fact that Republicans have taken over the House, combined with the fact that the president appointed a deficit reduction commission which nearly recommended a cut in Social Security benefits - and might well have done so if Representative Schakowsky hadn't worked to undermine the co-chairs' plan - means that one can't be complacent; some reports have suggested that the president may indicate support for cuts to Social Security in his State of the Union speech. Of the two principal Washington political actors who will shape the outcome - the Republican leadership and the president's team - one is a determined adversary of the public interest, the other a very uncertain ally. The most successful anti-poverty program in US history is again in grave danger.

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.

AS Election Day approaches, serious discussion about economic policies is hamstrung by the devotion of both parties to reducing taxes. The big reason, of course, is that President Bush emphasizes tax cuts, including elimination of the estate tax, to the exclusion of almost everything else. The Democrats, in turn, hesitate to propose an economic plan that does not include long-term reductions for middle-income workers, and most refuse to talk about rescinding the Bush tax cuts for the wealthy. But the degree of misleading information emanating from both Washington and the media about how taxes affect the economy is disturbing. As I listen to the radio, watch TV news and read a variety of newspapers, it seems that quite a few Americans, including economics writers and media hosts, think that low-tax countries unquestionably grow faster than high-tax economies. Right and left, they seem to attribute more rapid growth in America to lower taxes. What may surprise them is that there is no evidence for that. ''You can make a theoretical case that high taxes impede economic growth, but it is just not supported by the evidence in the U.S. or across countries,'' said William Easterly, a former World Bank economist soon to join the faculty of New York University.

The killing of Osama Bin Laden did not put cuts in national security spending on the table, but the debt-ceiling debate finally did. And mild as those projected cuts might have been, last week newly minted Secretary of Defense Leon Panetta was already digging in his heels and decrying the modest potential cost-cutting plans as a "doomsday mechanism" for the military. Pentagon allies on Capitol Hill were similarly raising the alarm as they moved forward with this year's even larger military budget. None of this should surprise you. As with all addictions, once you're hooked on massive military spending, it's hard to think realistically or ask the obvious questions. So, at a moment when discussion about cutting military spending is actually on the rise for the first time in years, let me offer some little known basics about the spending spree this country has been on since September 11, 2001, and raise just a few simple questions about what all that money has actually bought Americans. Consider this my contribution to a future 12-step program for national security sobriety. Let's start with the three basic post-9/11 numbers that Washington's addicts need to know:

Along with the movement in America, 'Occupy Wall Street' protests are planned in Japan, Israel, Canada and a half-dozen European nations. The aim of #OCCUPYWALLSTREET is to draw 20,000 protesters to New York's financial district in a non-violent protest to spark a mass movement against corporate dom…

The Occupy Wall Street movement is well into its second week of operation, and is now getting more attention from media as well as from people planning similar actions across the country. This is a promising populist mobilization with a clear message against domination by political and economic elites. Against visions of a bleak and stagnant future, the occupiers assert the optimism that a better world can be made in the streets. They have not resigned themselves to an order where the young are presented with a foreseeable future of some combination of debt, economic dependency, and being paid little to endure constant disrespect, an order that tells the old to accept broken promises and be glad to just keep putting in hours until they can't work anymore. The occupiers have not accepted that living in modern society means shutting up about how it functions. In general, the occupiers see themselves as having more to gain than to lose in creating a new political situation - something that few who run the current system will help deliver. They are not eager for violence, and have shown admirable restraint in the face of attack by police. There may be no single clear agenda, but there is a clear message: that people will have a say in their political and economic lives, regardless of what those in charge want. Occupy Wall Street is a kind of protest that Americans are not accustomed to seeing. There was no permit to protest, and it has been able to keep going on through unofficial understandings between protestors and police. It is not run by professional politicians, astroturfers, or front groups with barely-hidden agendas. Though some organizations and political figures have promoted it, Occupy Wall Street is not driven by any political party or protest organization. It is a kind of protest that shows people have power when they are determined to use it. Occupy Wall Street could be characterized as an example of a new type of mass politics, which has been seen in

How Commotion Wireless plans to enable digital communication in the face of an Internet shutdown

The point of all of this is, if you add up all of the MBS-related liability out there, the banks as it stands are facing an Armageddon of claims from all sides. It can't possibly be less than a trillion dollars, and it's probably much, much more. But the Obama administration's current plan is to let them all walk after paying a few shekels apiece into a $20 billion kitty.

In all the talk about the federal deficit, why is the single largest culprit left out of the conversation? Why is the one part of government that best epitomizes everything conservatives say they hate about government-- waste, incompetence, and corruption-all but exempt from conservative criticism? Of course, I'm talking about the Pentagon. Any serious battle plan to reduce the deficit must take on the Pentagon. In 2011 military spending accounted for more than 58 percent of all federal discretionary spending and even more if the interest on the federal debt that is related to military spending were added. In the last ten years we have spent more than $7.6 trillion on military and homeland security according to the National Priorities Project.