Yesterday, Republicans in the U.S. House of Representatives postponed all floor votes so they could hold their ninth hearing about Benghazi. Instead of working on any number of pressing issues effecting Americans, Republicans spent nine hours on a political witch hunt.
Treasury Secretary Jack Lew appears to have the right ideas. But, it doesn't seem like any of our elected leaders are listening. On Monday, Secretary Lew sent letters to members of the House financial services committee, urging them to uphold provisions of the Dodd-Frank Act that regulate derivatives.
Last year, five major U.S. Banks and 49 state attorneys general agreed on a $25 billion settlement to compensate victims of abusive bank practices and foreclosure fraud. But, according to New York Attorney General Eric Schneiderman, the banksters are violating the terms of that agreement.
Unregulated capitalism is cancer on our nation. Like tumors, greed has metastasized, strangling once-healthy parts of our economy, and our social safety net. A new piece on Alternet lists several ways this cancer capitalism has taken hold. For starters, the hoarding of wealth by the banksters and the 1% has diverted resources away from nutritional aid programs.
This may come as news to some Red state lawmakers, but there's more to the Constitution than the Second and the Tenth Amendments. The background check bill failed the Senate, but that didn't stop several Republican states from passing bills to exempt themselves from federal gun laws.
Most of us are still feeling the effects of a struggling economy, but the corporate elite and the Wall Street banksters are doing better than ever. Many corporations have seen record profits in recent years, which have fueled buying sprees on Wall Street, pushing the DOW Jones to it's all-time high.
Living as an undocumented immigrant in this country is a civil infraction, not a criminal act. But, some members of our House of Representatives are working to change that. According to the Think Progress Blog, the bipartisan immigration bill that is coming together in the House would force all undocumented immigrants to plead guilty for breaking the law, and serve at least five years of probation.
Sequester cuts are hitting vital programs like Meals on Wheels, Head Start, and cancer treatment centers. So, it's difficult to understand why Congress would be pushing to spend $436 million on tanks that the Army says it does not need.
The motivation behind the world-wide economic con of austerity has been discovered. And, the source is none other than Pete Peterson – the debt-obsessed billionaire who stands to make billions off the privatization of our social safety net. Just days ago we told you how a 28-year-old grad student debunked the Reinhart-Rogoff study used to push austerity throughout the world.