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The rise of the precariat promises a renewal of the left

Next year is the 800th anniversary of one of the greatest political documents of all time. The Magna Carta was the first class-based charter, enforced on the monarchy by the rising class. Today’s political establishment seems to have forgotten both it and the emancipatory, ecological Charter of the Forest of 1217. The rising mass…

Supreme Court rules severance payments for laid off workers are taxable

WASHINGTON (Reuters) – The U.S. Supreme Court ruled on Tuesday that taxes are due for Social Security and Medicare on severance packages paid to workers who are laid off involuntarily, overturning a lower court ruling that could have triggered a wave of payroll tax refund requests from U.S. businesses. In…

Obama’s new budget proposal drops controversial Social Security changes

WASHINGTON (Reuters) – President Barack Obama’s soon-to-be released budget proposal for the 2015 fiscal year drops a past offer to trim cost-of-living increases in Social Security, a White House official said on Thursday. The offer made in last year’s budget had been an attempt to gain some Republican support and…

Elizabeth Warren: Social Security is effective and popular, so let’s expand it

Add Sen. Elizabeth Warren (D-MA) to the growing chorus of voices calling for the expansion of Social Security benefits. The progressive favorite implored Democrats on the Senate floor Monday not to chain Social Security benefits to the rate of inflation or the rise in prices, which is known in shorthand…

A growing coalition of progressives tries to expand social security instead of cutting it

In our nation’s capitol, calls for cutting Social Security benefits and shifting the ever-rising costs of health care from Medicare onto the backs of American seniors are ubiquitous. But context matters, and these ideas are nothing short of perverse…  …

Progressive Caucus worried Social Security cuts will be part of government shutdown deal

The Congressional Progressive Caucus on Thursday warned that cuts to Social Security could be put on the table as part of an eventual deal to end the government shutdown. “Social Security is a promise we must keep. The money our grandmothers, grandfathers, widows and children rely on should not be…

Kilmeade painfully confuses the Constitution with the Declaration of Independence

Fox News host Brian Kilmeade on Thursday set out to slam a Democratic congressman for his remarks about the U.S. Constitution, but ended up confusing the document with the Declaration of Independence. In a Wednesday blog posting, the National Republican Congressional Committee (NRCC) noted that Rep. Gregory Meeks (D-NY) had…

Woman weeps to senator over Social Security cuts: ‘There’s no way for me to eat less!’

A woman broke into tears at a town hall event with Sen. Tom Harkin (D-IA) during a discussion about President Barack Obama’s plan to reduce Social Security cost of living increases. Throughout this year, the White House has been considering adopting what’s known as chained CPI, a less generous way…

House Republicans pass restrictive debt ceiling bill

The US House passed a Republican bill along party lines Thursday that lawmakers say would remove the threat of default, while requiring the government to prioritize its debt and pension payments. The legislation would allow the US Treasury to borrow beyond its legal limit in order to pay down government…

Lindsey Graham: Obama is ‘showing a little bit of leg’ with Social Security cuts

Republican South Carolina Sen. Lindsey Graham on Sunday praised President Barack Obama’s budget that reportedly cuts future increases to earned benefits programs like Social Security and Medicare. Several media outlets reported last week that the White House would adopt chained CPI, a less generous way of calculating Social Security cost-of-living…

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