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President Obama’s inauguration speech highlighted the need to address climate change in a way that has been largely absent in both the campaign and the months following the election. The President spent more time on climate change than any other single topic and sounded a welcome call for America to lead the transition to sustainable energy sources.
Unemployment may be at the lowest level in three years, and the housing sector may be showing signs of life, but a serious structural problem in the economy seems to actually be getting worse, not better: income inequality.
New York, NY – Over 300 citizens rallied today at New York University and Federal Hall to denounce “those who are trying to buy or steal our democracy” and to call for overturning Citizens United, enacting Fair Elections campaign finance reform in NYS, and expanding the vote.
A recent survey by Demos found that middle-income Americans 50 years of age and older have more credit card debt, on average, than younger Americans, a finding opposite of that reported in a 2008 survey.
The report revealed that older American households had an average credit card balance of $8,278 in 2012, while households with members under age 50 carried an average credit card balance of $6,258.
It took just 32 billionaires and corporations giving Super PACs an average of $9.9 million apiece to match every single dollar given by small donors to Romney and Obama in the 2012 election cycle, according to new report.
A proposal to adjust how Social Security benefit increases are calculated did not make it into the final fiscal cliff deal. Nor did various ideas for making affluent Medicare recipients pay more in premiums or deductibles.