It is shocking that Republicans have refused to include an extension of unemployment benefits in today’s budget agreement. At the end of December, federal unemployment benefits will expire for 1.3 million jobless workers. Lawmakers must not desert these workers by going home for their own holidays without extending the federal unemployment benefits program.
The budget agreement negotiated by Rep. Ryan and Sen. Murray provides temporary relief from sequestration budget cuts over the next two years, but does not represent the clean break from budget austerity that our economy so urgently needs.
We applaud Sen. Murray for resisting Republican demands to cut Social Security, Medicaid, and Medicare benefits and food assistance for people with low incomes.
Yet this budget agreement does nothing for the millions of people who remain without work and asks nothing from the people who caused our economic crisis and continue to benefit from economic inequality.
The agreement unfairly demands more sacrifice from federal employees, who had already contributed $114 billion to deficit reduction in the previous three years. By asking new federal employees to pay more out of pocket for their pensions, the agreement undermines retirement security.
The agreement further undermines retirement security by increasing the fees paid by private firms to the Pension Benefits Guaranty Corporation (PBGC), which will likely be used to justify new rounds of pension dumping by healthy companies.
Meanwhile, at the insistence of Rep. Ryan, the agreement does not demand any sacrifice from the wealthy or from Wall Street. It is hard to justify demanding further sacrifice from federal employees and private sector workers while continuing costly tax preferences for Wall Street investment managers and companies that send jobs overseas.
The urgent business before us now is fixing what’s wrong with our economy. The real problem is that unemployment is too high and wages are too low. Sequestration makes both these problems worse and needs to be repealed—not replaced with other harmful cuts. Even that will not be enough, however. We call on Congress to enact a jobs bill, invest in our future, raise the minimum wage to $10.10, and devote its full attention to restoring full employment and raising wages.
Help us Prepare for Trump’s Day One
Trump is busy getting ready for Day One of his presidency – but so is Truthout.
Trump has made it no secret that he is planning a demolition-style attack on both specific communities and democracy as a whole, beginning on his first day in office. With over 25 executive orders and directives queued up for January 20, he’s promised to “launch the largest deportation program in American history,” roll back anti-discrimination protections for transgender students, and implement a “drill, drill, drill” approach to ramp up oil and gas extraction.
Organizations like Truthout are also being threatened by legislation like HR 9495, the “nonprofit killer bill” that would allow the Treasury Secretary to declare any nonprofit a “terrorist-supporting organization” and strip its tax-exempt status without due process. Progressive media like Truthout that has courageously focused on reporting on Israel’s genocide in Gaza are in the bill’s crosshairs.
As journalists, we have a responsibility to look at hard realities and communicate them to you. We hope that you, like us, can use this information to prepare for what’s to come.
And if you feel uncertain about what to do in the face of a second Trump administration, we invite you to be an indispensable part of Truthout’s preparations.
In addition to covering the widespread onslaught of draconian policy, we’re shoring up our resources for what might come next for progressive media: bad-faith lawsuits from far-right ghouls, legislation that seeks to strip us of our ability to receive tax-deductible donations, and further throttling of our reach on social media platforms owned by Trump’s sycophants.
We’re preparing right now for Trump’s Day One: building a brave coalition of movement media; reaching out to the activists, academics, and thinkers we trust to shine a light on the inner workings of authoritarianism; and planning to use journalism as a tool to equip movements to protect the people, lands, and principles most vulnerable to Trump’s destruction.
We urgently need your help to prepare. As you know, our December fundraiser is our most important of the year and will determine the scale of work we’ll be able to do in 2025. We’ve set two goals: to raise $115,000 in one-time donations and to add 1365 new monthly donors by midnight on December 31.
Today, we’re asking all of our readers to start a monthly donation or make a one-time donation – as a commitment to stand with us on day one of Trump’s presidency, and every day after that, as we produce journalism that combats authoritarianism, censorship, injustice, and misinformation. You’re an essential part of our future – please join the movement by making a tax-deductible donation today.
If you have the means to make a substantial gift, please dig deep during this critical time!
With gratitude and resolve,
Maya, Negin, Saima, and Ziggy