Holding out for ransom demands in the form of benefit cuts to Social Security, Medicare and Medicaid, Senate Republicans today again refused to surrender their hostages—the nation’s economy and working families who will be hurt by the upcoming Republican sequester.
Republicans led the charge to defeat a Democratic plan that would have eliminated the across-the-board sequestration budget cuts for the remainder of 2013, which the Congressional Budget Office has estimated would cost 750,000 jobs.
The bill—defeated 51-49 (it required 60 votes for passage)—would have replaced the cuts, in part, with additional tax revenue from millionaires, including adopting the “Buffett Rule,” which sets a minimum effective tax rate of 30% for taxpayers with income higher than $1 million. Continue reading “Republicans Continue Hostage Crisis”
AMERICAN FEDERATION OF GOVERNMENT EMPLOYEES, AFL-CIO
DIRECT IMPACT OF FURLOUGH ON ME AND OTHER FEDERAL EMPLOYEES
• Up to 22 days out of work with no pay, equivalent to a 20% pay cut
• Reduced contribution to Thrift Savings Plan retirement account
• Reduced take-home pay due to deduction of health insurance benefits at full salary rate
• Lost accrual of annual and sick leave while on furlough
• More work for everyone as co-workers are furloughed and vacancies go unfilled Continue reading “DIRECT IMPACT OF FURLOUGH ON ME AND OTHER FEDERAL EMPLOYEES”
An Open Petition to Congress
The most serious economic challenge facing America is the continuing jobs crisis, not the deficit or the national debt. Besides, we cannot stabilize our national debt over the long term unless we fix our economy first. A deeply misguided focus on budget austerity already has caused a “double dip” recession in Europe. More budget austerity in the United States could keep us from ever fixing what is wrong with our economy. Continue reading “STOP HOLDING WORKING FAMILIES HOSTAGE”