Wednesday, November 14, 2012

Obama Will Not Extend Bush-Era Tax Cuts, Economists Warn Against Austerity

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Subject: Obama Will Not Extend Bush-Era Tax Cuts, Economists Warn Against Austerity
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Wednesday, 14 November 2012

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Obama Will Not Extend Bush-Era Tax Cuts, Economists Warn Against Austerity

Mike Ludwig, Truthout: President Obama confirmed that he would not compromise on allowing Bush-era tax cuts for the wealthy to expire, while extending tax cuts for the middle class. Some GOP members conceded that the modest tax increase for the wealthy in the president's budget plan "is not going to break their backs."

Read the Article 

The Political Economy of Obama's Re-Election

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General Strike Sweeps Europe as Millions Reject Austerity

Nermeen Shaikh and Amy Goodman, Democracy Now!: A general strike is underway across Europe today as millions are protesting spending cuts and tax hikes they say have deepened the region's economic crisis. Spanish and Portuguese workers are coordinating their strike with workers in Greece, Italy, France and Belgium.

Watch the Video and Read the Transcript 

Defense Department: Cause of Death of Guantanamo Detainee Adnan Latif "Forthcoming"

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Grand Bargain or Great Betrayal? Reading the Tea Leaves of Fiscal Intentions for Entitlements

Lambert Strether, Truthout: An analysis of the president's statements concerning Social Security and Medicare during the campaign suggests a Great Betrayal may be in the offing. And then there was that curious incident in the East Room.

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Civics 101: Spending Vs. Investing

Thom Hartmann and Sam Sacks, The Daily Take: There's something that every single American family understands, and that's the difference between spending and investing. In the short-term, Paul Ryan's cuts will lower the deficit. But in the long-term, those fewer investments will inflict serious harm on our nation.

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On the News With Thom Hartmann: Obama Is Proposing $1.6 Trillion in New Revenue From Letting the Bush Tax Cuts Expire, and More

In today's On the News segment: Obama is proposing $1.6 trillion in new revenue from letting the Bush tax cuts expire for the top 2 percent wealthiest Americans; support for repealing Obama's health care is now at an all-time low; dozens of Walmart warehouse workers in Mira Loma, California are walking off the job in the latest strike against the corporation; and more.

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