Moody's: Next California budget deficit likely to be $12 billion -- or more

Moody's, one of the nation's big credit-rating agencies, issued a report Tuesday that said California's next budget deficit is expected to be "at least $12 billion" after state lawmakers and Gov. Arnold Schwarzenegger approved a spedning plan that "relies heavily on one-time measures, optimistic revenue assumptions and the receipt of funds, some of which may not materialize."


Moody's: Next California budget deficit likely to be $12 billion -- or more

Blogged with the Flock Browser

The Perfect Storm | CommonDreams.org

It’s a perfect storm. And I’m not talking about the impending dangers facing Democrats. I’m talking about the dangers facing our democracy.First, income in America is now more concentrated in fewer hands than it’s been in 80 years. Almost a quarter of total income generated in the United States is going to the top 1 percent of Americans.

The Perfect Storm | CommonDreams.org

Blogged with the Flock Browser

Judge Tosses Montana Corporate Campaign Finance Ban | CNSnews.com

Helena, Mont. (AP) - A Montana judge says the state's century-old ban on corporate political spending is unconstitutional.District Judge Jeffrey Sherlock of Helena on Monday tossed out the 1912 Corrupt Practices Act that prohibits corporations from making independent political expenditures.Sherlock ruled in favor of conservative think-tank Western Tradition Partnership.

Judge Tosses Montana Corporate Campaign Finance Ban | CNSnews.com

Blogged with the Flock Browser

Frances Perkins (1880 - 1965)

Francis Perkin was the Secretary of State under FDR and wrote the proposal for “The Great Deal” in 1936.


Frances Perkins (1880 - 1965)

Blogged with the Flock Browser

YouTube - FDR Second Bill of Rights Speech Footage

FDR wanted to amend the United States Constitution with a second “Bill of Rights” for workers after WWII, but dies before he could. Europe and Japan got a “Bill of Rights” written into their Constitutions because of FDR’S efforts. This included a living wage, free healthcare, vocation pay every year, the right for labor to organize, unemployment benefits, disability insurance and a pension.


YouTube - FDR Second Bill of Rights Speech Footage

Blogged with the Flock Browser