Moral Outrage
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Posts Tagged ‘Medicaid

Cut health care for Congress

November 21, 2011

In April, the Republican-controlled House of Representatives voted to cut Medicare and Medicaid. And this month, even Democrats on the so-called Super Committee have offered deep cuts to these vital programs. Essentially, Republicans in Congress are telling senior citizens and the poor that tax cuts for billionaires and millionaires are more important than providing a […]

Seven Big Economic Lies

October 12, 2011

These seven economic whoppers are just plain wrong. 1. Tax cuts for the rich trickle down to everyone else. Baloney. Ronald Reagan and George W. Bush both sliced taxes on the rich and what happened? Most Americans’ wages (measured by the real median wage) began flattening under Reagan and have dropped since George W. Bush. […]

A National Debt of $211 Trillion!

August 9, 2011

Economics professor Laurence J. Kotlikoff, who served as a senior economist on President Reagan’s Council of Economic Advisers, says the national debt, which the U.S. Treasury has accounted at about $14 trillion, is just the tip of the iceberg. “We have all these unofficial debts that are massive compared to the official debt,” Kotlikoff tells […]

Theory on why rating agencies are downgrading US debt

August 8, 2011

Some are of the opinion that the rating agencies are working with some of the predatory bankers and the hedge funds who are trading in these naked credit default swaps, and are targeting these economies and countries for failure, because they make more money on these insurances than they lose on their bond holdings. We […]

Quality of Life under the Obama Republican debt deal

August 3, 2011

Polluted water, smoggy skies, crumbling bridges, less education funding, more unhealthy Americans: the impact of the debt deal’s massive cuts. The Obama-GOP plan cuts $917 billion in government spending over the next decade. Nearly $570 billion of that would come from what’s called “non-defense discretionary spending.” That’s budget-speak for education and job training, air traffic […]

Doing the math – 100 million Americans living in poverty

September 23, 2010

The shocking new poverty statistics from the Census Bureau indicate that a record 43.6 million Americans lived in poverty in 2009. However, there is reason to believe this Census figure drastically undercounts this demographic. The 2008 Census total stated that 39.8 million Americans lived in poverty. But the National Academy of Science did its own study and […]

Those making financial decisions for us have little in common with us

May 21, 2010

Many of us who work each day have no concept of wealth. Consider Treasury Secretary Geithner, who was a senior fellow for the Council on Foreign Relations before moving on to the Federal Reserve. Before Geithner ever joined the Obama administration, his take home pay was around $7,000 per week, just like yours. What? You […]