skip to main content
skip to newscasts

Wednesday, May 1, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Violence and arrests at campus protests across the nation; CA election worker turnover has soared in recent years; Pediatricians: Watch for the rise of eating disorders in young athletes; NV tribal stakeholders push for Bahsahwahbee National Monument.

view newscast page
play newscast audioPlay

House Democrats say they'll vote to table a motion to remove Speaker Johnson, former President Trump faces financial penalties and the threat of jail time for violating a gag order and efforts to lower the voting age gain momentum nationwide.

view newscast page
play newscast audioPlay

Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

Report: America – Not as Broke as You'd Think

play audio
Play

Tuesday, November 29, 2011   

AUSTIN, Texas - The Congressional "Super Committee" notably failed in its assigned task of cutting more than a trillion dollars from the federal deficit. And while the debate centered on sweeping spending cuts that could potentially harm the nation's poor, working poor and elderly, a new report by the Institute for Policy Studies challenges the ideas that the United States is broke and that austerity measures for average Americans are the only ways to fix it.

Sarah Anderson, global economy project director with the Institute, contributed to the report.

"We identified a number of fiscal reforms that could raise as much as $824 billion a year, and do it in ways that could make our country stronger, as well as putting people back to work."

New taxes on Wall Street, corporations and super-wealthy individuals could raise more than $375 billion a year, according to the report. That's an idea that polls suggest a majority of voters favor, although many politicians still argue that a recession is no time to raise taxes on anyone.

The Pentagon is responsible for more than half of federal discretionary spending, and Anderson says it's hard to argue that all of that spending is making America safer. She acknowledges, however, that there are thousands of jobs tied to the military.

"The good news is that studies have been done that show that, dollar for dollar, federal spending in areas like education and health care actually creates more jobs than federal spending on the military."

The proposals in the report to cut military spending include ending the war in Afghanistan, reducing overseas bases, and trimming the nation's nuclear arsenal, for annual savings of over $250 billion.

Additional proposals in the report include taxing companies that pollute the environment, which would raise revenue and also encourage alternative energy use.

"And by reducing the subsidies that are very wasteful subsidies going into the fossil fuel industry, it can be done, but we need the political will to do it."

According to the report, the United States could save about $19 billion a year by eliminating government subsidies for such industries as ethanol and so-called "clean coal."

The report, "America is Not Broke," is at tinyurl.com/7tmqzec.




get more stories like this via email

more stories
The 340B rule empowers select safety-net providers by providing discounts on outpatient prescription drugs and in reaching more eligible patients to provide comprehensive services. (Banana Images/Adobe Stock)

Health and Wellness

play sound

Access to reduced-price medication is a necessity for many rural Missourians with low income. Rep. Cindy O'Laughlin, R-Shelbina, the Senate Floor …


play sound

The Environmental Protection Agency has finalized a rule to close a significant loophole in coal ash disposal regulations. The Coal Combustion …

Health and Wellness

play sound

Alabama is running out of time to tackle Medicaid expansion this legislative session. More than 230 people gathered earlier this month with the …


Connecticut's 2011 paid sick leave law was the first in the nation to require private-sector employers to provide their employees with paid sick leave. (Adobe Stock)

Health and Wellness

play sound

A Connecticut bill would expand the state's paid sick leave law. The initial 2011 law requires 40 hours of paid sick leave for workers at employers …

Health and Wellness

play sound

More than 1,000 family members of firefighters who died in the line of duty, including some from Texas, will gather in Emmitsburg, Maryland, starting …

The American Heart Association cites emerging research showing in stroke care, elements of artificial intelligence-based supports reduced the chances of additional strokes by more than 25%. (Adobe Stock)

Health and Wellness

play sound

Artificial intelligence has come under scrutiny over potential negative impacts on society but a Minnesota medical expert said it has become one of ma…

play sound

On this May Day, Wisconsin groups are rallying in Green Bay to highlight a key issue facing the working class: the ability to retire. Organizers see …

Social Issues

play sound

Grassroots organizations are sounding the alarm about Tennessee's new law allowing teachers and other school employees to carry guns. Gov. Bill Lee …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021