A better climate-change bill

(Philly) – As the mid-Atlantic region faces yet another massive blizzard, the problem of unregulated snow can no longer be ignored. It’s time for Congress to set limits on the crystalline mayhem descending through the atmosphere and disrupting the lives of hardworking Americans.

What Do Rising Sovereign Credit Default Swaps Mean?

(WashingtonsBlog) – Rolfe Winkler argues that – in the short-run – the PIIGS countries (Portugal, Ireland, Italy, Greece and Spain) will slash their budgets and get bailed out by the EU.

Obama and the fiscal crisis of the states

The class character of the Obama administration is clearly indicated by one statistic: President Obama has made available more than $12 trillion in cash infusions, loans and guarantees to the financial industry, but for state governments that are facing massive budget deficits, Obama has thus far provided only one quarter of 1 percent of that amount in federal stimulus funds—about $30 billion.

US states’ budget crisis sets stage for new attack on the working class

By Tuesday, many US state governments must pass budgets for the coming fiscal year. The state capitals are now the scene of bitter feuding among governors and legislators over how the deficits will be met. But there is unanimity that the working class must foot the bill.

Wag the Dog: How to Conceal Massive Economic Collapse

Last week, Fannie Mae and Freddie Mac had just announced record losses, and so had most reporting corporations. Unemployment was mounting, the foreclosure crisis was deepening, state budgets were in shambles, and massive bailouts were everywhere.