Category U.S. Economy

William Astore: Is Democracy Going Down?
“Pentagon spending is expected to exceed $7.3 trillion over the next decade. Never in the field of human conflict has so much money been gobbled up by so few at the expense of so many.”

US reliance on defence contractors led to mission failures: Study, Costs of War
“The stunning Taliban victory last month in Afghanistan is drawing attention now to even graver consequences: the extent to which the US reliance on contractors may have heightened the difficulties of the Afghan security forces.”

Will a Recovery Really End Structural Inequality? by David Rosen
The U.S. is a divided nation, one grounded in inequality. In a 2020 (but pre-Covid) report, Pew Research noted, “economic inequality, whether measured through the gaps in income or wealth between richer and poorer households, continues to widen.”

Survival at 100 Seconds to Midnight and Biden Cutting the Military Budget
Perhaps most important of all, [Biden’s] bringing the U.S. back into the Paris climate accords, signaling an understanding that a planetary crisis demands planetwide measures and that the largest carbon-emitting economies should be leading the way. “This isn’t [the] time for small measures,” Biden has said. “We need to be bold.”

Increasing Pentagon Spending When People Are Going Hungry Is Madness, by John Nichols
“Upending the process by which ever increasing cash flows are directed into the military-industrial complex may not be popular with McConnell and the defense contractors he represents. But it most definitely is popular in a country where the overwhelming majority of Democratic voters and more than half of Republicans voters are ready to take money out of the Pentagon budget and move it into the fight against the coronavirus pandemic and the economic pain that extends from it.

What’s on Polly Mann’s Mind? Shame on the Congress
“If people would refuse to support, fund, kill, or participate in the process, there would be no war. We need to reset and have a fresh start.”

Henry Giroux: Why it is dangerous to use the language of war about COVID-19
“For Trump, saving the economy is more important than saving lives. As ‘warriors’ the American public is being told to support this new battlefield strategy…”

Noam Chomsky: The Rich Aren’t Waiting To Build a New World. Why Are We?
How corporations are profiting from the COVID-19 and how the Trump administration made it possible.

Matt Taibbi: Bailing Out the Bailout
“The Trump administration just bought this undead economy at retail prices and committed the Fed and the Treasury to sustaining it.”

Democracy Now! April 2 Coronavirus Global News Roundup
“A report in The New England Journal of Medicine published in late January warned asymptomatic people can spread the coronavirus, and the finding has informed public policy worldwide for weeks.”

United States Still Largest Weapons Exporter in the World
“US as gun runners; that’s what we have come to. So sad. The military-industrial-congressional-complex.”

Joseph Stiglitz: Trump’s “Trickle-Down” Economic Plans Are Not Enough to Meet Coronavirus Challenge
“Trump’s package will only benefit 20 percent of workers.”

Legalized Political Corruption Is So Much Bigger Than Trump: A Journey in 7 Charts
The separation of governmental powers into three branches has become a fiction nullified by a veritable corporate coup d’état.

On Contact: Rebel, Rebel with Popular Resistance
This week on On Contact with Chris Hedges, Dr. Margaret Flowers and attorney Kevin Zeese speak about social transformation and building a culture of resistance. By Chris Hedges RT October 13, 2019 | RESISTANCE REPORT Chris Hedges and Margaret Flowers at the Bank of America protest in New York City, April 2011. By Kelly Locker. They […]

Chris Hedges: ‘Democrats set the table for Russiagate’
Chris Hedges, host of “On Contact,” joins Rick Sanchez to discuss the role of the Democratic establishment in the “Russiagate” media frenzy.

Tomgram: Making Sense of America’s Empire of Chaos
Donald Trump would have been inconceivable as president without those disastrous wars, those trillions squandered on them and on the military that’s fought them, and that certainly qualifies as “impact” enough.

Although 2 Out of 3 Americans Oppose Increasing US Military Spending, the US Government Is Boosting It to Record Levels
Current public opinion on military spending has a clear partisan dimension.

The Deadly Rule of the Oligarchs by Chris Hedges
Oligarchs use power and ruling structures solely for personal advancement.
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