Truthout
Austerity

Responding to Financial Crisis: Are Austerity and Suffering Inevitable?
The idea that suffering for an economy is inevitable is repeated so often that it is now taken as received wisdom by policy makers and civil society alike, yet …

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Henry A. Giroux | The New Extremism and Politics of Distraction in the Age of Austerity
Important issues like creeping authoritarianism are being buried in the fog of manufactured crises.

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As Another Confrontation Looms, Will Obama Stand His Ground?
Paul Krugman: If Mr. Obama stands his ground in the debt ceiling confrontation, the fiscal cliff deal wonu2019t look bad in retrospect.

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Save Social Security: Paul Krugman for Treasury Secretary
A push is on to get the Nobel Prize winner in economics the position in the new Obama administration.

On the News With Thom Hartmann: GOP Undeterred by 2011 Credit Downgrade After Last Debt Limit Showdown, and More
In today's On the News segment: Supreme Court throws out challenge to law banning guns in Georgia's churches, and more.

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Fiscal Cliff Follies: Political Theater Distracts From Key Problems With the Fix
Last-minute deal continues to shift costs of crisis to the masses.

In the Coal Fields, a Novel Way to Get Rid of Pensions Is Born
If you are an individual struggling with debt, your options are limited. But if you are a coal company, you may be able to take advantage of a creative …

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Austerity: The Phony Solution to a Phony Deficit Crisis
The wealthy who profit from economic decline and austerity promoted the so-called 'fiscal cliff,' but the way to reduce the deficit is to increase employment.

Fiscal Cliff: Going Nuclear and the Grand Betrayal
Bill Black: GOP threatens to use debt ceiling as leverage, creates conditions for more austerity measures by Obama.

A View From Washington: The President’s Quest for the Unholy Grail
An empire in decline is always for sale and this new social contract is another example that we live in a full-blown plutonomy.