The credit led to an enormous transfer of wealth to sellers and lenders at the expense of buyers. For Immediate Release: April 18, 2012 Contact: Alan Barber, (202) 293-5380 x115 Washington, D.C.- In February of 2009, with the housing market in a free fall, Congress decided to add a first-time homebuyer tax credit to the [...]
Featured Articles and Reports on the Project on Defense Alternatives, PDA
November 16, 2011 By
Below is a Listing of Recent Articles and Reports on the Project for Defense Alternatives Site Going for Broke: The Budgetary Consequences of Current US Defense Strategy. (printable .pdf version) by Carl Conetta, PDA Briefing Memo #52, 25 October 2011. Shows how the Pentagaon’s adoption of more ambitious goals, strategy, and missions after the Cold [...]
Debt deal distracts from the economy’s real problems.
August 2, 2011 By
Statement on the Debt Ceiling Deal Debt deal distracts from the economy’s real problems. Center for Economic and Policy Research, CEPR For Immediate Release: August 1, 2011 Contact: Alan Barber, (202) 293-5380 x115 Washington, D.C.- Dean Baker, co-director of the Center for Economic and Policy Research (CEPR), issued the following statement on the debt ceiling [...]
Pushing Crisis: GOP Cries Wolf on Debt Ceiling in Order to Impose Radical Pro-Rich Agenda
July 23, 2011 By
Democracy Now! July 22, 2011 Michael Hudson, Democracy Now interview: “if they can create a $13 trillion on a computer keyboard, taking over Fannie Mae and Freddie Mac, and the Federal Reserve can simply give this money, why can’t they, over 50 years, pay the trillion dollars for the Medicare and the Social Security? It’s—obviously, [...]
Debt Ceiling Charade a Move to the Right
July 9, 2011 By
The Real News Network July 9, 2011 Michael Hudson: Panic about debt ceiling used to attack social programs; no real need for more borrowing More at The Real News Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at [...]
The Budget Fight: Over Before It Began
July 7, 2011 By
The Budget Fight: Over Before It Began The Budget Fight: Over Before It Began Posted 07/06/2011 at 10:26 AM The stars are now in alignment for Democrats to capitulate to a draconian ten-year budget deal as the Republicans’ price for agreeing to raise the debt ceiling. Senate Budget Committee Chairman Kent Conrad’s fiscally conservative [...]
U.S.: New Yorkers Occupy Streets to Protest Budget Cuts
June 26, 2011 By
Global Geopolitics & Political Economy / IPS By Elizabeth Whitman NEW YORK, Jun 25, 2011 (IPS) – They have taken over a strip of the sidewalk at Park Place and Broadway, handing out flyers to passersby and taping posters to the ground and to the metal crossbars of the scaffolding that shelters them from the [...]
European Authorities Risking Financial Contagion in Greek Showdown; Where Is the U.S. Government?
June 25, 2011 By
Global Geopolitics & Political Economy This article was published by The Guardian Unlimited (UK) on June 25, 2011. Read the article in its original form. By Mark Weisbrot The European authorities are playing a dangerous game of “chicken” with Greece right now. It is overdue for U.S. members of Congress to exercise some oversight as [...]
