Truthout
Austerity
McCarthy’s Concessions to MAGA Diehards Have Paved the Way to Brutal Austerity
McCarthy has signed too many promissory notes, and now there are too many liens on his speaker’s gavel.
What Did McCarthy Promise GOP Extremists in Backroom Deals?
Reports indicate that the new speaker expressed willingness to leverage the debt ceiling to pursue spending cuts.
Democrats Are Making a Devil’s Bargain on Pentagon Funding. It’s Not Paying Off.
Progressives can’t win unless Pentagon spending is put on the chopping block.
Progressives Say Congress Must Raise Debt Limit Now to Protect Social Programs
Republicans could use a fight over the debt ceiling next year as leverage to push cuts on Social Security and Medicare.
The Working Class Lost the $2 Billion Powerball Lottery
The lottery is effectively a regressive tax that often replaces state funding for education with ticket revenue.
Britain’s New PM Is as Wealthy as the King — and as Distant From the People
Why is Rishi Sunak so despised in the Tory Party and how did he nonetheless carry the day?
Time Is Running Out for Dems to Combat GOP Threat to Social Security, Medicare
House Democrats urge Pelosi and Schumer to permanently undo the threat posed by the debt limit.
Will Lula Mount a Sufficient Challenge to Bolsonaro and the Far Right in Brazil?
Two socialist candidates say Brazilians need an electoral force that will fight to undo Bolsonaro's pernicious reforms.
85% of the World Will Likely Live Under “Deadly” Austerity Measures Next Year
As 143 countries pursue harsh cuts to social programs, experts say “austerity is the worst possible choice.”
Underfunding Public Health Is a Decision to Let People Die in the Next Pandemic
Our public health system is chronically underfunded, understaffed and in some sites being stripped of its legal powers.