Republicans' resistance towards raising the debt ceiling has nothing to do with "fiscal responsibility". It's purely an excuse for them to take a hatchet to the social safety nets that working class relies on. https://twitter.com/RBReich/status/1616093575506460673
🐦🔗: https://twitter.com/OurRevolution/status/1616503834511118340
“We just hit the federal debt limit. If we don't raise the debt ceiling, it could trigger a global financial crisis. But the House GOP refuses to raise it unless Biden agrees to Social Security and Medicare cuts. Let's be clear: There must be no negotiating on the debt ceiling.”
“A democracy cannot function effectively when its constituent members believe laws are being bought and sold.”
—Justice Stevens dissenting in Citizens United
Since the Citizens United ruling in 2010, dark money spending has skyrocketed.
In 2012, outside groups spent over $300 million.
In 2020, outside groups spent over $3 billion.
Our electoral system has been turned into a playground for big corporations & the super rich.
Trump, Bankman-Fried, and Musk are the monsters of American capitalism — as much products of this public-be-damned era as they are contributors to it.
For them, and for everyone who still regards them as heroes, there is no morality in business or economics.
Albertsons bought Safeway. Now Kroger is buying Albertons.
Combined they would control ~22% of the US grocery market, with revenue over $200B.
Add Walmart, these brands would control 70% of the grocery market in 167 cities across the country.
This is why antitrust matters.
Semafor said today that "a critical mass of conservatives do not trust McCarthy to lead them..."
Conservatives. Is that what they are?
John Boehner's description of the same crowd in his memoir:
"What they're really interested in is chaos... They want to throw sand in the gears of the hated federal government until it fails."
Are the sowers of chaos properly called "conservatives?"
Is MAGA conservative?
Why do #journalists with a commitment to accuracy maintain this fiction?
Every month we get reporting on prices.
We get reporting on jobs.
We get reporting on wages.
You know what we don’t get? Reporting on corporate profits.
Corporate America wants to keep it this way.
Workers get blamed for inflation. Corporations get cover for their greed.
“Every month we get reporting on prices. We get reporting on jobs. We get reporting on wages. You know what we don’t get? Reporting on corporate profits. Corporate America wants to keep it this way. Workers get blamed for inflation. Corporations get cover for their greed.”