The Congressional Budget Office’s new budget projections show that despite the sky-is-falling crisis calls made by Wall Street backed austerity fanatics like: Fix The Debt, Bowles-Simpson and the rest of the Pete Peterson funded anti-Social Security brigade, our deficit is now the smallest it's been since 2008. And that’s without the so-called “Grand Bargain” this billion dollar lobby claims is absolutely necessary for our nation’s survival. The Daily Intelligencer explains:
It's hard not to see the CBO's projections as the latest in a long series of demoralizing developments for the Simpson-Bowles-led deficit scold movement. Overall, the CBO says that barring unforeseen policy changes, the deficit will shrink to 2.1 percent of GDP in 2015. That's better than the 2.3 percent target Simpson and Bowles originally set out in their 2010 report. And it will happen even without the grand bargain they've so desperately sought.
Neither is the federal debt pilin ...
The month of May is designated as Asian American Heritage Month. In honor of Asian American Pacific Islander heritage, this blog is from Bao Lor at the Southeast Asia Resource Action Center. This post is also posted to the Diverse Elders Coalition blog here.
Life Lessons from a Hmong Grandfather to His Granddaughter
The following is a guest post from SEARAC’s Bao Lor.
“Wake up, kids! It’s 6:30!” my grandpa said as he pulled off the blanket that covered my head. I moved around, pretending to stretch and then curling back into a ball. Through my squinted eyes, I could see that my siblings were still lying next to me. I popped my head up and looked at the alarm clock across the room. It read: 6:10. This was my daily routine growing up. I grew up with my grandparents taking care of me and my siblings since my parents were always so busy working. For as long as I can remember, my grandpa was always the one taking me and my siblings to school every morning, and picking ...
Contrary to the headlines and soundbites coming from America’s newsrooms, Social Security and Medicare aren’t to blame for our nation’s fiscal woes or our deficit. In fact, without these vital programs our economy would be in even worse shape and millions more American families would be threatened with economic insecurity. Why do so many journalists and news/talk-show hosts ignore the facts in favor of one-sided propaganda? Why won’t they allow all sides to weigh in on these important issues? Whatever the reasons, the National Committee to Preserve Social Security and Medicare believes the public deserves more balanced research and discussion. The truth about our nation’s most successful and revered programs deserves EQUAL TIME.
Our new project, EQUAL TIME, will bust through the myths and misleading statements in the news about Social Security and Medicare. We will find and correct the factual errors and politically charged perspectives. We’ll use ...
Each year Salary.com provides an interesting look into the uncompensated work performed by American mothers who are often their families’ CEO, driver, cook, housekeeper, psychologist, and daycare provider.
“Obviously this is all in good fun and in no way 100% scientific, but for the 13th consecutive year we're doing our small part to show everyone how important mothers are by calculating what they would be paid if they actually received a salary for all of their hard work.” Salary.com
Salary.com also provides a tool to help you break down, in dollars and cents, the value of work which is generally ignored by government, employers and other official institutions that calculate productivity.
Here are some basics found in this year’s survey:
· Stay-at-home moms work an average of 94 hours per week for a total estimated "mom salary" of $113,586 a year. That figure is slightly more than last year. The average salary for stay-at-home mo ...
Did you know May is Older American and Asian-Pacific American month? Ok, we know you’re not likely to be hosting a big party in celebration and your local bars haven’t set out extra tables for the expected crowds; however, what is important about these designations is the opportunity it provides to talk about American communities which might be overlooked in our national debate otherwise.
In the case of older Americans, the U.S. Census Bureau has provided a terrific breakdown of its most recent survey’s statistics on what our nation’s senior community looks like. Here are some interesting stats:
41.4 million - The number of people who were 65 and older in the United States on July 1, 2011, up from 40.3 million on April 1, 2010 (Census Day). In 2011, this group accounted for 13.3 percent of the total population.
92.0 million - Projected population of people 65 and older in 2060. People in this age group would comprise just over one in five U.S. residents at that ti ...
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