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    deficit

    U.S. investor and hedge fund manager Scott Bessent

    Trump Treasury Pick's Economic Plan Would 'Require Massive Cuts to Anti-Poverty Programs': Analysis

    Scott Bessent's "3-3-3" agenda "requires brutal cuts to health and nutrition and higher costs for families at the grocery store," said analysts at the Center for American Progress.

    Julia Conley
    Jan 16, 2025

    At his confirmation hearing on Thursday, hedge fund manager and U.S. treasury secretary nominee Scott Bessent told the Senate Finance Committee that at the helm of the Treasury Department he would usher in an "economic golden age."

    But a report by two policy analysts details how Bessent's signature "3-3-3" plan would only be achievable by gutting programs for some of the nation's most vulnerable households—extending the "golden age" only to wealthy people and corporations for whom the Trump administration plans to slash taxes.

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    News
    scott bessent
    Dollar bills and a $100 bill

    Guess What You Get When You Tax the Rich? Hint: Revenue

    If you want to make social investments, it's important to recognize that vast amounts of capital held by the rich are just sitting around waiting to be put to good social use.

    Sam Pizzigati
    Jun 07, 2023

    Back in 1933, the journalist-turned-lawyer Wesley Lloyd turned into a new member of Congress from Washington State. Two months into his first term, Lloyd rose to address his fellow lawmakers. They had all, he related, so far applied little more than “palliatives” to the continuing Great Depression.

    “We have subsidized the farmer and charged the cost to labor,” Lloyd observed, “and we are attempting to subsidize labor and propose to let the farmer pay the bill.”

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    Opinion
    tax the rich
    The GOP Rolls Out Its 'Two Santas' Plot for Debt Ceiling and the Long Con Continues

    The GOP Rolls Out Its 'Two Santas' Plot for Debt Ceiling and the Long Con Continues

    This isn't a crisis. This is a plot.The corporate media refuses to tell the American people what this is: a cynical political and media strategy devised by Republicans in the 1970s, fine-tuned in the 1980s, and since then rolled out every time a Democrat is in the White House.

    Thom Hartmann
    May 26, 2023

    "The only thing wrong with the U.S. economy is the failure of the Republican Party to play Santa Claus." —Jude Wanniski, March 6, 1976

    As the Fitch credit rating service puts the United States on “watch” for a possible downgrade and Democrats dither about the 14th Amendment, Republicans just declared the House of Representatives in a break because, from their point of view, there really is no crisis.

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    Opinion
    debt ceiling

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    Big Brother Trump Is Watching You

    Mike Lee Tries to Sneak Public Land Sale Back Into 'Big, Ugly Bill' Ahead of Senate Vote

    Medicaid Defenders in Wheelchairs Arrested Ahead of Senate Vote on 'Betrayal of a Bill'

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    Senate GOP and Fetterman Block Effort to Stop Trump's War on Iran

    Melting Down Over NYC Mayoral Primary, Trump Calls Mamdani '100% Communist Lunatic'

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