This is a bad deal for you and I !

by Duane Campbell

The omnibus budget deal being debated in Congress passed on Sat. evening  includes a continuation of the budget cuts known as the sequester. 

Josh Silver has noted 5 major problems with the deal. http://www.huffingtonpost.com/josh-silver/omnibus-budget-deal-2014-5-worst-things_b_6307852.html

And Senator Elizabeth Warren has revealed the Wall Street subversion in this bill and is making a brave stand against the deal.
http://sacramentopa.blogspot.com/2014/12/sen-warren-calls-on-house-to-strike.html

It is important to understand our current economic situation to understand the  conflict in Congress  and our economic future.

First, know that Wall Street has recovered, but main street has not.

Middle-class wages are stagnant. Unemployment is stalled at record levels. College education is leading to debt servitude and job insecurity. Millions of unemployed Americans have essentially been abandoned by their government.  Poverty is soaring.

 Bankers break the law with impunity, are bailed out, and go on breaking the law, richer than they were before. Only a handful of people have gone to jail, none of the really big operators. Now, more than 6 years after the crisis began,  no senior officials of the corporations that looted our economy have been held accountable.