Archive for March 2013

Sequester This, Don’t Sequester That

March 9, 2013

I had been hearing about the Sequesteration Act of 2013 and the negative effects it would have on our economy, our  cuts_jobs_lost_3-2 jobs,  and  our  families as well as the benefits it would have for corporations, the corporate elite, and the plutocratic class in our country.

Well, the Sequester went into effect this week and we are all waiting to see what its immediate and long term effects will be. While we may have to wait some weeks or months before we start feeling the real effects of the Sequester, the AFL-CIO has put together a useful tool that helps us see what the impact of the Sequester will be in terms of  dollars cut from various programs and sevices that benefit people.

The header to the tool says:

“The bullies in Congress are holding the economy hostage with across-the-board budget cuts that will cost 750,000 jobs this year. They are using these budget cuts as ‘leverage’ to cut Social Secruity, Medicare and Medicaid benefits – with the collateral damage huring seniors, students, working families and the U.S. economy – and to protect loopholes for Wall Street and the richest 2% of Americans. This didn’t have to happen. THEY HAD A CHOICE.”

The tool is a side-by-side comparision that shows what public programs and services will be negatively impacted by the Sequester (in dollar amounts) as well as areas of American finance and economy that “escaped” the Sequester and in what dollar amounts.

You can view the AFL-CIO’s comparison tool here.

Corporate Profits-Taxation Correlation

March 6, 2013

Interested in the issue of corporate profits and corporate taxes? Check out this graph that shows the seeming correlation between the rise in corporate profits and the decline in taxes on corporations. Let the numbers speak.

Corporate Low Taxes

Profits Up, Jobs Down, Inequality Gap Widens

March 6, 2013

There have been a couple of articles pertaining to corporate profits published lately that I have enjoyed reading and have found to be very informative. Both have pointed out the rising profits of corporation, the declining income of American workers and the middle class, and the rapidly widening inequality gap between corporate and corporate elite profit makers and the working class and shrinking middle class in America.

The first article is entitled “Recovery in U.S. Is Lifting Profits, but Not Adding Jobs”. The article was published in the New York Times on March 3, 2013.

“With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold.”

The graph that accompanies the article tells the story.

Incoming Shifting to Business

The entire article can be read here.

The second was published by Common Dreams on March 4, 2013. The article, “Golden Age for ‘Corporate Profits’ As Workers Get Whacked”, begins by saying that  “Experts estimate so-called budget sequestration could cost the country about 700,000 jobs, but Wall Street doesn’t expect the cuts to substantially alter corporate profits or threaten stock markets.”

You can read the entire article here.

We all know that the Great Recession has impacted everyone in the United States. Some have fared it well, have even benefitted from it. Others, in fact, most, have been negatively impacted by it.

The two articles above show us just how well corporations and the corporate elite have benefitted from the Recession and how they are now going to benefit further from the Sequester.

The Sequester is not going to benefit everyone, though. It is going to have a very negative impact on America’s working and middle classes as spending cuts and austerity programs trickle down and “whack” the American public.

Squelch the Sequester

March 1, 2013

What will the Sequester mean for my state, Texas, if it goes into effect today? 2013 Sequester Cuts

Check out the White House document that puts the numbers on the negative impact that the Sequester will have on child care, education, environmental protection, nutritional assistance for the elderly, and so much more in the Lone Star State.

Check out its impact on your state here (at the bottom of the page).

Mother Jones helps us better understand the Sequester here.