It's no coincidence that over the past few years we've experienced the largest and most sustained activations of grassroots political protest that this country has seen in decades. We’re beginning to rebel against a political system that tries to placate us while the government and corporations collude to secure extraordinary powers for themselves.Read Full Article Comments (5)
We know that corporations and special interests that can afford $30,000 - $50,000 per month "access lobbyists" are getting their say in front of the supercommittee. According to Politico, lobbyists are receiving special readouts from closed-door supercommittee meetings and then scheduling one-on-ones with supercommittee members so their clients can protect their interests.Read Full Article Comments (31)
The American Jobs Act contains a provision that would be extremely stimulative in terms of GDP expansion and jobs growth while also providing direct relief to the workers who have been hardest hit by the recession. Yet in discussions over which parts of the bill to keep for inclusion in a smaller, bipartisan package after the American Jobs Act is officially killed, that provision doesn't seem to be popular.Read Full Article Comments (26)
The Senate is currently making progress on bipartisan legislation designed to shrink the U.S. trade deficit with China and restore up to 2.8 million domestic manufacturing positions. Yesterday, a majority of both Democrats and Republicans in the Senate voted to invoke cloture on the China trade bill, a.k.a. the Currency Exchange Rate Oversight Reform Act, and they're expected to pass it by the end of the week. But that will be the end of the line for the bill.Read Full Article Comments (14)
Last week I wrote about how the deficit supercommittee has so far held the majority of its meetings in complete secrecy. Well, as it turns out, that's not exactly true. According to Politico, the committee members have choosen a select group of citizens to give special access to their private meetings to. You and I just happen to not be on the list.Read Full Article Comments (3)
The new, 112th Congress officially begins today, and for the first time since 2006, the Republicans will be in control of one of the chambers. Having netted 63 House seats in the November midterms, the Republicans are going into this session with a solid 242-193 majority over the Democrats. In the Senate however, the Democrats have managed to hold onto control and will gavel-in with 53 seats to the Republicans' 47.
This will be the first session of Congress with the two chambers split between the two major parties since the 99th, which took place during years 5 and 6 of the Reagan Administration. During that session, Democrats and Republicans teamed up to pass a landmark deficit-reducing bill that, after a couple revisions, helped to take what was at the time a record federal deficit and produce the budget surpluses of the late 1990s. The Republicans in the Senate also used that pesky budget reconciliation process to pass a health care bill that protects people who lose their jobs from also losing their insurance coverage. And guess what else ...they also passed a comprehensive immigration reform bill that included a path to citizenship for undocumented immigrants.Read Full Article Comments (6)