Showing posts with label working people. Show all posts
Showing posts with label working people. Show all posts

Tuesday, March 29, 2016

Moneyed class proposes new ways to steal from working people

The excellent blog Capital & Main has an important piece up about the proposal to create a new retirement system in the state for workers who do not have a pension system.

As the writer Judith Lewis Mernit well describes, California ( and the nation) is facing a growing retirement crisis and more and more jobs no longer have pensions.  This is an emerging crisis.

For comparison, here is the Sacramento Bee version of the same story. http://www.sacbee.com/news/politics-government/article68342897.html


The Capital and Main piece is a good piece on important issues. But, do we really only want to consider the neoliberal finance approach?  For example, the proposal calls for employers to insist on participation, but apparently does not require employers to contribute- as does social security.
Then, the advocates claim it is progressive because of the pooled IRA project.  But, IRA's are still invested in the markets. This is like the Peterson Institute arguing for the privatization of social security.

Friday, November 16, 2012

We are not broke. We were robbed !



DSA is a part of the Coalition on Human Needs. ( See list at end of post).  We ask that each of you contact your Senators and Congress people to preserve essential  human needs from Republican budget cuts.   Sample letter below.  Do not allow the Corporate CEO's who are funding the Fix the Debt campaign to cut the budgets for poor and working people.
1. NO tax cuts for the richest 2% of Americans.
2. NO benefit cuts to Social Security, Medicare or
Medicaid.



SAVE for All
Strengthening America’s Values and Economy for All
__________________________________________________________________________________________
Dear (Representative or Senator):
Last year, organizations from across the country came together to endorse basic principles to address America’s short- and long-term economic and budgetary problems. These are the imperatives of Strengthening America’s Values and Economy (SAVE) for All: to protect low-income and vulnerable people; promote job creation to strengthen the economy; increase revenues from fair sources; and seek responsible savings by targeting wasteful spending in the Pentagon and in other areas that do not serve the public interest.
We call on you to follow these principles as you face budgetary decisions of immediate and long-lasting national consequence. To achieve sustained growth, fiscal stability, and economic security for all our people we must invest in job creation, ensure that job seekers have the opportunity to work, and protect vulnerable people from hardship. We cannot promote the common good by cutting more and more services and jobs. But we can meet our nation’s needs responsibly by ending tax reductions benefiting the wealthiest two percent and by seeking savings that do not compromise human or military security.
Putting the most vulnerable people at risk is the wrong response to our nation’s fiscal situation. Automatic cuts to domestic programs that are scheduled to take effect in January 2013 under the sequestration provisions of the Budget Control Act will inflict devastating harm. Estimated conservatively, a year of sequestration cuts1 will deny WIC nutrition aid to 750,000 mothers and young children, prevent more than 413,000 adults and youth from getting job training and deny education and training to more than 51,000 veterans, eliminate reading and math help to more than 1.8 million low-income public school children, deny child care to the low- to moderate-income families of 80,000 children, stop nearly 34,000 women from being screened for breast and cervical cancer, prevent nearly 27,000 infants and toddlers from benefiting from special education early intervention services, force 185,000 households to lose rental assistance vouchers, and stop 734,000 households from receiving home heating and cooling aid. These are only a few examples of the impact of the scheduled cuts. They threaten children’s healthy development, deny security to seniors, throw roadblocks in the way of a competitive labor force, and allow preventable disabilities to hold back our children.
These and other cuts have steep costs, among them hundreds of thousands of lost jobs, lagging productivity, and escalating medical expenditures in the years to come. Coming on top of cuts written into law through FY 2021 they will drop domestic and non-military international appropriations to their lowest levels in 50 years as a share of the economy. Allowing such a wholesale abandonment of investments in education, preventive health, housing, public infrastructure, and nutrition is an affront both to conscience and to common sense. We urge you to avert these sequestration cuts.

Tuesday, June 08, 2010

Working class anger

June 8, 2010

Working class anger centers on Wall Street greed, but the right wing is trying to channel that anger in dangerous directions, said panelists at the America's Future Now conference. But a focus on jobs and a working family economy can turn that anger into election wins this fall.

*****

Follow the AFL-CIO at:

Facebook: http://www.facebook.com/aflcio
Twitter: http://twitter.com/aflcio
YouTube: http://www.youtube.com/aflcionow
RSS: http://blog.aflcio.org/wp-rss2.php

*****

Monday, August 31, 2009

New taxes needed for firefighting and schools

Even though residents in the foothills turned out to denounce health care reform, today they are benefitting from the work of a socialist project, state tax funded firefighters and equipment. Governor, tea baggers, are you listening? The Sacramento Bee on Sunday has an editorial on the positive aspects of the state economy. A problem with this analysis is that only part of the California and U.S. economy are showing signs of improving – the corporate finance sector. There is no evidence of a growth in jobs. So, we probably are headed for another job less recovery in which the well off will profit. What caused this economic crisis ? Major banks and corporations looted the economy creating an international meltdown. Now, they have been rewarded with bail out money. We have cuts in parks, nurses, libraries, .School children did not create this crisis. Foster care children did not create this crisis.

Meanwhile the anti tax crowd roars, - No 
New Taxes. I hope that they do not live in a fire zone.
This is not just another business cycle, this Great Recession is different. Read, “No Return to Normal”, by James Galbraith in the Washington Monthly.
Or his new book, The Predator State: How Conservatives abandoned the Free Market and Why Liberals Should Too.
 
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