… 11 percent of the nation’s bridges are structurally deficient and a fourth of them are functionally obsolete. Similar deficiencies can be found in schools, dams, levees, railroads, the electrical grid, and wastewater facilities. In its 2013 quadrennial report card on U.S. infrastructure, the American Society of Civil Engineers said the nation would need to invest an additional $1.6 trillion by 2020 to put its infrastructure into good repair. And that doesn’t include innovative infrastructure like universal broadband.
CEOs got an average 3.9 percent pay increase last year. This increase is subsidized by taxpayers because corporations can deduct it as an expense.
Meanwhile, America’s struggling seniors will receive no cost-of-living allowance (COLA) increase next year because the COLA doesn’t take into account the things seniors need to buy. If only there were some way to make an adjustment that fixes this discrepancy…
“I don’t believe in some foreign “ism”, but I believe deeply in American idealism.” – Senator Bernie Sanders
Sen. Bernie Sanders billed his talk Thursday at Georgetown University as a speech on “democratic socialism,” but it was immediately clear that what Sanders was really talking about were not the ideologies of a Cold War adversary but deeply American traditions of fairness that have been under attack by ideologues brandishing American flags.
Sanders anchored his speech as building on President Franklin D. Roosevelt’s 1944 “Second Bill of Rights” address. “Real freedom must include economic security.” he said. “That was Roosevelt’s vision 70 years ago. It is my vision today. It is a vision that we have not yet achieved. It is time that we did.”
Senator and presidential candidate Bernie Sanders has once again added his voice to a growing movement to bring banking to the United States Postal Service (USPS).
“I want to see our post office be reinvigorated,” Sanders said in a Fusion interview this week with Felix Salmon, and postal banking is “one of the ways that I think we can help not only the U.S. Postal Service, but help a lot of low-income people.”
Millions of Americans are “unbanked,” meaning they do not have (and cannot get) bank accounts for one reason or another. This means they cannot easily cash checks, pay bills, save a bit of money, get a small loan in an emergency and other simple and basic banking services. This leaves them vulnerable in the predatory path of payday lenders and check cashing services, where exploitative fees and incredibly high interests rates eat them alive and leave them poorer than ever.
I think this presents an opportunity for people to run for Congress in Democratic primaries — or as the ONLY Democrat is some districts — as Democratic Socialists. I’m looking at how to register to run in my district.
You might not win but I think it makes sense to make the case for — and get people thinking about — taxing the rich, corporations and Wall Street transactions and using the money to provide:
● Increases in Social Security
● Free higher education with a stipend while attending
● Low-cost child care
● Help elderly stay in homes and low-cost nursing home care
● Modern mass transit, high-speed rail, etc.
● Well-maintained modern infrastructure (and associated jobs)
● A huge push to solar, wind and other alternative energy, with a weatherization program (and associated jobs)
(The “associated jobs’ thingy is part of a full-employment program.)
Think of other things that We the People can do together to make our lives better — also known as democratic government for the people.
Free college, free nursing homes, free child care, free health care, 5-6 weeks vacation, fewer working hours, good pensions, great transportation, cleaner environment, other things. They also have low govt debt compared to countries that are run to channel $$ to the corporations and billionaires.
This is what happens when a government is run for its people — “socialism” — instead of a few wealthy people — “capitalism”.
Businesses are run for a profit that goes into the pockets of the business’ “investors.” To be an investor requires that you have money. This is a rigged system that by definition channels the returns and gains of our economy to the people who have money in the first place.
That system forces a terrible business model: investors try to squeeze money out of businesses as fast as they can. Then they move on. People who put the money in have even more money, but leave behind them a trail of squeezed-out ruin. This squeezing of the business involves squeezing the workers, squeezing the product, squeezing the customers and squeezing the government out of any taxes that might be owed.
This is bad for America’s long-term economy, people, environment and — since it brings about intense concentration of wealth — bad for our democracy, too. But hey, it’s great for a few already-wealthy people at the top.