Republicans Continue Hostage Crisis

AFL-CIO Now

Republicans Continue Hostage Crisis

02/28/2013Mike Hall

 Republicans Continue Hostage Crisis

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”

DIRECT IMPACT OF FURLOUGH ON ME AND OTHER FEDERAL EMPLOYEES

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”

STOP HOLDING WORKING FAMILIES HOSTAGE

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”

House Postpones Debt Limit Deadline to May 18

01/23/2013; Kenneth Quinnell

 Photo courtesy Gage Skidmore

The U.S. House of Representatives, led by Speaker John Boehner and his Republican allies, voted to put off the debt ceiling fight until May 18.

This is good news—no doubt about it—and it shows the power of working people when they make their voices heard. But don’t think for a second that Republicans have given up trying to tank the economy to get their way. Or trying to cut Social Security, Medicaid and Medicare benefits. Or trying to cut taxes for Wall Street and rich people. Because they haven’t and they won’t. This fight is still on. Continue reading “House Postpones Debt Limit Deadline to May 18”

What’s Next in the ‘Fiscal Cliff’ Debate?

AFL-CIO Now

01/11/2013; Kelly Ross

It’s back! Just when you thought you might never hear the words “fiscal cliff” again, the sequel to this horror movie is about to be released. Look for it in your local theater, radio, television and website – non-stop, 24/7 – beginning sometime in February.

Yes, those irrepressible Republicans in Congress have cooked up yet another manufactured crisis and are once again holding the U.S. economy hostage. This time they are threatening to cause a U.S. government default unless they get their way. You know—the same stunt they pulled last summer. And what are congressional Republicans demanding as ransom to spare the economy? The same things they were demanding last time we went through this ordeal: benefit cuts to Social Security, Medicaid and Medicare. Continue reading “What’s Next in the ‘Fiscal Cliff’ Debate?”