The Dow just hit a record high, corporate profits are soaring—and you’re struggling. Here’s the dirty secret of the jobless recovery.
By a wide margin (71% to 26%), the public favors increasing the minimum wage from its current level of $7.25 per hour to $9.00 an hour. But while large majorities of Democrats (87%) and independents (68%) favor raising the minimum wage, Republicans are evenly divided (50% favor, 47% oppose).
With math like that, you’d think some action could get done on this. Even the majority of Republicans support minimum wage increases. These Republicans should join action with independents and Democrats to demand their elected officials to act. If 50% of elected Republicans were for it, something could get passed.
How about it, GOPers?Source: pewresearch
Countdown to 2014: Obamacare and the states
As of January 2014, every state will have a new consumer marketplace for health insurance, and states that want to expand coverage for the poor will get federal support to pay for it. But the Affordable Care Act gives the states a lot of maneuvering room
(Image source: Kaiser Family Foundation)
What’s clear, in hindsight, is that the 1923 decision outlawing the minimum wage and the Supreme Court’s 1937 reversal bookend a period worth revisiting as President Obama pushes Congress to adopt a new $9-per-hour floor on labor. We’re still having many of the same arguments minimum wage advocates and opponents had back then. But it is fascinating and clarifying to see them unfold in a different cultural context — one that upsets our preconceived narratives, dislodges our ideological assumptions, and reminds us how surprisingly, complicatedly intertwined this issue once was with women’s rights.
Read more. [Top image: Collier’s Weekly]
I think the suddenness of it and the depth of it would be a disaster for research, which is not an activity that you can turn on and off from year to year. It’s an activity that takes time. The most impacted are the young, new investigator scientists, who are coming into science, and will now abandon the field of science. There will be a generational gap created.
I think very few people understand the severity of the budget cuts. Cutting funding for research and development will always have staggering consequences for the advancement of society.
Here are just a few of the largest budget cuts from the sequester that went into effect on March 1. $85 billion will be cut in 2013 with $1.2 trillion in deficit reduction over ten years.
- $20 million cut from the Maternal, Infant, and Early Childhood Home Visiting Programs
- $10 million cut from the World Trade Center Health Program Fund
- $168 million cut from Substance Abuse and Mental Health Services Administration
- $75 million cut from the Aging and Disability Services Programs
- $199 million cut from public housing
- $96 million cut from Homeless Assistance Grants
- $17 million cut from Housing Opportunities for Persons with AIDS
- $19 million cut from Housing for the Elderly
- $175 million cut from Low Income Home Energy Assistance
Disaster and Emergency
- $928 million cut from FEMA’s disaster relief money
- $6 million cut from Emergency Food and Shelter
- $70 million cut from the Agricultural Disaster Relief Fund at USDA
- $61 million cut from the Hazardous Substance Superfund at EPA
- $125 million cut from the Wildland Fire Management
- $53 million cut from Salaries and Expenses at the Food Safety and Inspection Service
- $13 million cut from the Consumer Operated and Oriented Plan Program (Co-ops)
- $57 million cut from the Health Care Fraud and Abuse Control
- $51 million cut from the Prevention and Public Health Fund
- $27 million cut from the State Grants and Demonstrations
- $44 million cut from the Affordable Insurance Exchange Grants program
- $633 million cut from the Department of Education’s Special Education programs
- $184 million cut from Rehabilitation Services and Disability Research
- $71 million cut from administration at the Office of Federal Student Aid
- $116 million cut from Higher Education
- $86 million cut from Student Financial Assistance
- $512 million cut from Customs and Border Protection
- $17 million cut from Automation Modernization, Customs and Border Protection
- $20 million cut from Border Security Fencing, Infrastructure, and Technology
- $79 million cut from Embassy Security, Construction, and Maintenance
- $604 million cut from National Nuclear Security Administration
- $232 million cut from the Federal Aviation Administration
- $394 million cut from Defense Environmental Cleanup
The failure of the Grand Bargain resulted in the Budget Control Act of 2011, which included the automatic budget sequestration.
So it is now clear that Cantor and Ryan killed the Grand Bargain, leading to the sequester and the onset of European-style austerity and possibly another recession, and their basis for that was their supreme confidence that they would win the election.