The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
National Priorities Project offers four detailed analyses of President Obama’s $3.7 trillion budget for Fiscal Year 2012 focused on: expenditures, revenue and deficits, the impact of federal spending on the states and a detailed FY2012 budget overview with a selection of actual and projected revenue and spending charts.
Analysis – a complete overview of President Obama’s proposed budget highlighting salient points and offering key questions to consider
Revenue and Spending Charts – a selection of actual and projected revenue and spending information in easy-to-understand chart formats
(2) More on Wisconsin: Things have continued to heat up in Wisconsin; the message seems to be getting out there that the budget deficit is a pretext, in fact caused by tax breaks for businesses, all an excuse to bust unions. Here are some links about the ongoing push-back against the forces of reaction there:
<li>Doug Henwood of Left Business Observer was out there to give a talk, and <a href="http://lbo-news.com/2011/02/18/more-wisconsin/" target="_blank">had this to say</a> upon his return to Brooklyn;</li>
<li>Folks from the Center for Media and Democracy were doing <a href="http://www.prwatch.org/news/2011/02/9944/live-reporting-wisconsin-protests" target="_blank">live blogging</a> from the protests yesterday;</li>
<li>Our pal Mark Engler had a blog post at the Dissent website entitled <a href="http://dissentmagazine.org/atw.php?id=380" target="_blank">The Wisconsin Uprising</a>;</li>
<li>An even more explicit comparison between Madison and Cairo appears at Alternet: <a href="http://www.alternet.org/economy/149942/is_wisconsin_our_egypt_15%2C000_protest_off-the-wall_right-wing_governor%27s_policies/" target="_blank">Is Wisconsin Our Egypt?</a>?</li>
<li>Michael Hudson (the economist, not the journalist) is interviewed at the Real News Network on how <a href="http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=6241" target="_blank">Obama's Budget Pushes States into War with Their Unions</a>.</li>
That's all I have for now--back to work on the March/April issue.