Congress Economic Issue and Fact Documentation
with links to documentation
FACTs &
Documentation on Inflation and The Economy
The Fed Will Be
to Blame if the
Economy Crashes
Into
a Recession
Higher prices are not being
driven by wage increases.
Mostly caused
by Climate Change & Russia War problems & higher corp. profits.
Higher interest rates not the answer, make
things worse.
Deal with this inflation
by dealing with Climate Change & the war & tax on rich & windfall
tax.
Debunking Four Myths About Inflation
Higher prices are not being
driven by wage increases. & not driven by federal assistance to people
during the
pandemic;
Democrat
ic
legislation
or actions
aren't to blame. The real
problems are global (Economist: Robert Reich)
Interest Rate
Hikes Will Not Fix Inflation
I R hikes are counter- productive- hurt all but richest-
we don't
actually have
too much consumer money chasing
available goods
'All of Us Are Paying the Price' as
Corporate Profits Surge to Record-High $2 Trillion
The Corporate
Oligarchs Have Put Humanity on a Path Toward Self-Anni
hilation
Policies of Global Central Bank/ FEDS destroying
majority of middle class and transferring majority of wealth to top 1%.
Inflating money & Creation of increased
debt -Trying to exert control over system.
Running world economy into ground - their system depends
of
creation of debt- debt based economic model- melt-down in
debt market is what will crash stock marketGreg
Mannarino
Stansberry
Research-
Poll Shows Majority of US Voters
Oppose Triggering Recession to Battle Inflation
A major cause
factor triggering Climate Change Damage and Inflation no one is talking about.
The Dual
Population Problem: Too Many People and Too Few Resources
We
Can Free Ourselves from State Capitalism
that Has Been Transferring Wealth from Middle Class to Ultra-rich
Myths
and Reality as US Oligarchs Devour Working Class Economy
The Corporate
Narrative on Inflation Is Bogus
Price Gouging at
the Pump Results in 235% Profit Jump for Big Oil: Analysis
Why Do Tens of
Millions in US Support an Economic System That Doesn't Benefit Them
?
Study Shows Excess
Corporate Profits in the US Have Become 'Widespread'
'Corporate Greed Is Destroying This
Economy
oil
companies made $93 billion in profits in the first quarter and are spending $88
billion on stock buybacks.
G
lobal Windfall Profit Tax of 90% Needed to Address
'Catastrophic' Food, Climate Crises:
Oxfam
Tax Extreme Wealth
to Save Planet Earth
Biden Urged to
Embrace Windfall Tax as Exxon Says Profits Doubled in Second Quarter
'
Unconscionable
':
House Committee
Adds $37 Billion to Biden's $813 Billion Military Budget
The
proposed increase costs 10 times more than preserving the free school lunch
program that Congress is allowing to expire "because it's 'too
expensive,'" Public Citizen noted.
Supreme Court Issues
The Global Ruling
Class & Supreme Court Are Frog-Marching Us Towards Extinction
The Most
Dangerous Looming Supreme Court Decision You Never Heard Of
-
Moore v. Harper
- gerrymandering
Right-Wing Zealots
on the Supreme Court Threaten to Make American Theocracy a Reality
The Right-Wing
Supreme Court Readies to Help Destroy the Planet
.
The SCOTUS is continuing to use
it's
ill-gotten power on behalf of the fossil fuel
industry to cripple America's ability to meet the challenge of climate change.
The Current US
Supreme Court Is Not Constitutionally Legitimate
.
It clearly does not
represent or consider the rights of large minorities to whom it is clearly
pursuing an agenda that is doing them great harm
"We are witnessing one of the most
extreme Supreme Courts in modern history rewrite the most basic social
commitments of our society,
Payoff
for 40 Years of Dark Money
:
Supreme Court Delivers for Corporate America & Wealthy Elites
It
is the conservative court's larger agenda
to:
gut
the regulatory state and decimate executive powers to protect Americans' health
and safety
, warned experts. EPA ruling & all other recent rulings make
that clear.
Supreme Court
Takes Wrecking Ball to Separation of Church and State
With
Prayer Ruling
Supreme
Court Takes 'Wrecking Ball' to Separation of Church and State
With
Prayer Ru
Ocasio-Cortez
Says
US 'Witnessing a Judicial Coup in Process'
Naomi
Klein: The US Is
in the Midst of
a 'Shock-and-Awe
Judicial Coup'
The
US Supreme Court Is Now a Fascist Institution
Beware:
The Supreme Court Is Laying Groundwork to Pre-Rig the 2024 Election
Right-Wing
Justices Should Be Impeached for Lying Under Oath
,
Says
Ocasio-Cortez
Ilhan
Omar Says Plan to Fix Supreme Court Must Include Impeachment Probes
Repubublican
Congress Votes that Harm Public
Why
did the GOP reject a bill to help veterans exposed to toxins?
99% of House GOP
Just Showed They Support Forcing Children to Birth 'Their Rapist's Child':
Pascrell
Analysis
Shows Top US CEOs Made 254 Times More Than Median Workers in 2021
Tax
Day Study Shows US Billionaires Wealth Rapidly Growing
& Now Own $4.7 Trillion
the country's 735 billionaires have seen their collective wealth soar by 62% over the past two years while worker earnings have grown just 10%, modest gains eaten away by the rising costs of food, housing, and other necessities.
After $1.9 trillion Giveaway to Rich
,
McConnell Calls Debt Relief
for Working Class
Slap in the Face
Mega-Billionaires
and the Gushing Upward Redistribution of Wealth to the Wealthiest
https://www.commondreams.org/views/2022/03/30/mega-billionaires-and-gushing-upward-redistribution-wealth
World gained 5.2m millionaires last year
in Covid crisis - report -The Guardian
Worlds Richest 10
Musk,Bezos
,Arnault
F.(Fr),Gates,
Buffett,Page
,
Brin,Ellison,Ballmer
,(over
$100B each)
(Over $2 trillion in
wealth)
Federal Reserve data
indicates that as of Q4 2021,
the top 1% of households in
the United States held 32.3%
of the country's wealth ($45.8T), while
the
bottom 50% held
2.6%
. $3.7T) (
15x bottom 50%)
'Tax
the Rich,'
Say
Millionaire Activists Protesting at
Davos Amid Record Wealth, Inequality
Tax Billionaire
Wealth and Pandemic Profits, Says Oxfam, to End 'Inequality That Literally
Kills'
The 10 richest men doubled their
fortunes during the pandemic, while the incomes of 99% of the population
decreased,
The
pandemic has hurt people living in
poverty far more than the rich and has had the worst impacts on women, Black,
Indigenous and People of Color, and historically marginalized communities
around the world. The average American pays a federal income tax rate of 13%
while the nation's top billionaires have paid 3.4% in recent years. Some paid
no federal income tax at all.
Millions More Kids
Going Hungry Since GOP, Manchin Killed Expanded Child Tax Credit
Nearly 90,000
Small Businesses in US Expected to Close if Senate GOP Kills Main Street Relief
Bill
Corporate Profits
Soared to Record High in 2021
'Their Inflation Strategy Is Working:
"CEOs can't stop bragging on corporate earnings calls about jacking up
prices on consumers to keep their profits soaring," said one expert.
Economic Recovery
Leaves Behind Working-Class Women and Mothers
The bipartisan Small Business Covid Relief Act (S. 4008),
which was meant to replenish the Restaurant Revitalization Fund (RRF) passed
last year, was cosponsored by Sen. Roger Wicker (R-Miss.), but still
fail
ed to get
more than five
Republican senators to support it.
The vast majority of GOP lawmakers claimed that
helping
locally-owned
restaurants and bars to stay
open and continue employing people in their communities would worsen inflation
and contribute to the deficit
'
Grotesque
':
BP
Enjoys Largest Profits in Decade as Boris Johnson Rejects Windfall Tax
New Revelations
Show
Ginni
Thomas 'Very Much a Part of Seditious
Conspiracy'
Amid Record Pump
Prices, Oil Giants Enjoy 'Sky-High' $41 Billion Q1 Profits:
Report
US Oil Companies
Reap Up to $126 Billion in Extra Profits Amid War on Ukraine
S:
Exxon & Chevrons
revenue in 2021 grew 55% and 66
% ,
respectively.
Western
governments have been heavily subsidizing their own fossil-fuel industries even
as they exhort much poorer countries to do more to reduce greenhouse-gas
emissions.
Oil CEOs Refuse to
Testify to Congress About Soaring Prices & Record Profits
.
Big Banks Dumping
Trillions
Into
Fossil Fuels
-
major factor in climate change problems
The world's 60 largest private
banks have provided a total of
$4.6 trillion in financing for the fossil
fuel industry
since the Paris Agreement entered into force in 2016.
In 2021 alone the world's biggest
private-sector banks financed oil and gas to the tune of $742 billion into the
100 companies doing the most to expand the fossil-fuel sector worldwide through
offshore drilling, fracking, coal mining, liquefied natural gas infrastructure,
and more. The worst offenders in the banking industry, according to the report,
are the U.S. financial behemoths
JPMorgan Chase, Citi, Wells Fargo, and Bank
of America
, which together accounted for 25% of all fossil fuel financing
identified over the past six years.
-
The Outrageousand
Largely Hidden$5.9
Trillion
Annual Subsidy to the
Fossil Fuel Industry
That
Is Killing Us- cd.
This year,
analysts expect revenue growth of 44%. And margins are on the rise as well.
they can move more of their profits to the bottom line.
'Avoidable
Tragedy': Rich Nation Failures Blamed as
Global Hunger Hits
Record
High
The number of people
suffering from
extreme hunger reached an all-time high in
2021, and
is on track to increase further this year. Rich countries failing to
acknowledge and deal with the problem,
made worse by
climate change
and political instability.
World Hunger
Increasing
UN Food Chief
Says
'Hell on Earth' Looms From Hunger Crisis Triggered by
Ukraine War
Abortion & Contraception
Anti-Abortion
Extremism Fueling American Dystopia
Contraceptives
banned. Miscarriages prosecuted. Pregnant people under surveillance. Is this
the future Americans want?
Supreme Court Justice Thomas says that like
Abortion which the Supreme Court ruled unconstitutional,
Contraception
& Same Sex Marriage legality should be reconsidered by the Courts
Leaked Bannon Clip
Confirms Trump's False Victory Claim on Election Night Was Planned
Ron
DeSantis' blocking of main-stream media coverage is dangerous for democracy
Under
the current Florida Republican government, only conservative media are
allowed at some government events, Main-stream Media are barred as in most
authoritarian countries with something to hide from the public.
We in the state of Florida are not going to allow
legacy media outlets to be involved in our primaries,
DeSantis
said
. Is he afraid the extremist candidates cant hold up to
real public scrutiny?
Zelenskyy
calls POW bombing 'deliberate Russian war crime'
DOJ accuses Russian operative of conspiring with U.S. groups to push
Pro-invasion
propaganda
Fla. group -Uhuru Movement, a socialist and African internationalist
group; the California-based group aims to secede from the U.S.
Ionov
also
financially supported a group in Atlanta to fly to San Francisco and protest at
an unidentified social media company
s headquarters that
placed restrictions on content that supported Russia
s invasion of
Ukraine.
Gun Violence
Issues
Instead of Facing
Ban, AR-15 Maker Unveils New, Easier to Hide Pistol Version
Wasteful Military Budget adding to already high
National Debt and harming the public and economic security
'
Revolting
':
Senate Panel Adds
Another $45 Billion to Biden's Military Budget
"The Pentagon's
ever-growing budget is quite simply a theft from American people enriching some
of the wealthiest corporations in this country,
'People Over
Pentagon' Proposal Would Take $100 Billion From Pentagon to Fund Social
Programs
U.S. Debt & Unprecedented Growing
Wealth Inequality
Money spent on the world crises problems-
climate change, wealth inequality, refugee problem, and world hunger will
clearly
make the world
safer and better than money sent to big Defense companies
- which would not
make the world safer.
The U.S. government is
$30 trillion in debt.
It has another
$169
trillion in unfunded liabilities.
And the national debt alone is
129% of our gross domestic product (
GDP").
Unfunded liabilities
is
726% of GDP.
-
By President for the last 50 years,
R Reagan
increased the National Debt by
186%
in 2 terms,
G W Bush by 101%
in 1 term,
B Obama by 77%
in 2 terms
,
D Trump by
by
33% in 1 term*
But
theTrump
budget
continued to be in effect in 2021 (Bidens 1st year) and Trumps huge tax cuts
are still in effect and
still adding to the national debt
.
186(2).
The Balance-
https://www.thebalance.com/national-debt-by-year-compared-to-gdp-and-major-events-3306287
Suffering at
Extreme Levels in Gaza After 15 Years as World's Largest 'Open-Air Prison'
U.S. For-Profit
Health System is a Mass Killer
'Barbaric'
System Saddles Over 100
Million
in US With Healthcare
Debt
The Obvious Solutions to the Global
Inflation Crisis
Raising interest rates is unlikely to do much except
make struggling people
even worse off
. This is because
the current inflation crisis
isn
t due to too much demand, but to supply problems. These include
runaway energy prices,
labour
shortages and supply
chain failures resulting from the COVID-19 pandemic.
The no-brainer solution is to speed up the
transition to renewable energy. Reducing energy waste is another obvious and
painless part of the equation, with many calling for government-funded
home insulation
programmes
.
A
study from 2011
found that, just by redesigning passive systems in households,
factories
and transport, using existing technology, energy
demand in those sectors could be reduced by 73%.
Scientists to Biden: World Needs 'Rapid
Transition
From
Fossil Fuels to Renewable Energy
"
we
write with utmost
urgency to advise you and your administration to halt recent moves towards
increasing fossil fuel production and instead take bold action to rapidly
reduce fossil fuel extraction and infrastructure.
Transition to Zero-Emission Vehicles Would
Deliver $1.2 Trillion in Public Health Benefits:
Report
Weiss Ratings:
Food prices
are global and higher everywhere since the Russian invasion.
Globally,
food prices
hit a record in
February,
2021, and were up 20%
compared with a year earlier.
TWENTY PERCENT!
food markets are global, generally a bit higher than
here. You
re
competing with consumers in China
for every ear of corn you buy. Thanks to Russia
s invasion of Ukraine, corn exports from both
countries are being taken off the table, along with their grain exports
generally. Add to that the
soaring cost of
fertilizer
.
Russia is a major source of nitrogen-based fertilizer; That
s only driving the cost of wheat and corn up higher
and higher. feedlot livestock eat wheat,
corn
and
other grains! That
s more food inflation.
'A
Big Mistake': Economists Warn Fed Rate Hikes Risk Plunging US Into Recession
Inflation Won't Be
Remedied by the Federal Reserve Imposing Higher Interest Rates-
It only benefits big banks and the rich while harming the
public
The US Forces Its Flawed Food System on
the World
We ignore the fact
that efforts, like AGRA, have failed and we refuse to support and fund
Agroecological solutions that will work.
Our consolidated food system is immensely profitable for the multinationals that supply the inputs and for those that buy, process and distribute the crops and livestock into the global supply chain. For the farmers, not so much . They buy at retail, sell at wholesale, all while competing against each other in a rigged marketplace.
Industrial agriculture requires ever larger and more
expensive equipment, larger farms, more
fragile
land
put into
production and it will continue the trend of depopulating
rural America
as small farms,
rural communities, and local food systems are destroyed by corporate big ag.
And what of farmers in the rest of the world? In the
Global South the situation is ever more dire and more unfair. Farmers are
pressured by governments, the World Bank, and philanthropists like Bill Gates
to follow the industrial model of the US, never mind its failures, never mind
its cost.
Better solutions: support for local farmers markets,
co-
ops,
local
ag. programs, cover crops, natural fertilizers, composting, use of city leaves
& wood collections, etc.
https://www.commondreams.org/views/2022/04/22/us-forces-its-flawed-food-system-world
Biden Tax Plan Would Force Top 10
Billionaires Alone to Pay $215 Billion Over Next Decade
Manchin
Opposing Biden's Plan to Tax US Billionaires
When
President Biden took office, millions were unemployed. In the last 15 months,
the economy has created 8.3M jobs and the unemployment rate stands at 3.6%
the fastest decline in unemployment to start a President's term ever recorded
House Democrats to Hold First Medicare for
All Hearing Since Pandemic.
"Congress must implement a
system
that
prioritizes people over profits, humanity over greed, and compassion over
exploitation,"
-
Financialized Care
Is Not Care at All
:
Maximizing Profits
at the Expense of Those in Need
-
I
Like
To
See It and Everything and Stuff: Herschel
Walker Is A Garbled, Lying Piece of Work
Woefully amplifying
our relentless, dismal descent into stupid, Georgia Republicans have chosen for
their GOP Senate candidate, in John Lewis'
state
yet - the staggeringly unseemly Herschel Walker, an
ignorant, incoherent, homophobic, MAGA-tainted, gun-toting, black former NFL
running back - Run, Forrest, run! - with a history of violence against women
who's "dumb as paint," likely ill with CTE or multiple personality
disorder diagnosed by a therapist who believes in "Satanic demons,"
and, "even by recent GOP standards, an absolute fire hose of lies"
about....everything, from his (imaginary) work in law enforcement to his
(inflated then deleted) college education to his (borderline scam) chicken and
fabric businesses, to, now, his (ever-evolving) family history with this week's
revelations that the guy who's long and loudly reviled fathers who leave a
child has (first) one and (then) three more kids than he'd previously
acknowledged and who, yes, he left. Whew. The latest deception of many offers
dubious testament to his mentor, another famous know-nothing bigot who
leveraged his celebrity and the amorphous fears of a populace facing massive
change to reach a pinnacle of power they're extravagantly unfit for: Walker,
says one pundit, "may literally be the only person who lies more than
Trump," who reportedly
lied
over 30,000 times
without "the Lie Cops" busting him. In that and other sordid ways,
"His candidacy is ultimately a test of how much Trump broke our
politics" - though, to get real, it's not like it was in such great shape
before. Still, let us count the sorrowful ways.
'Certifiably
Crazy': Jan. 6 Panel Highlights How Team Trump Pushed Pence to Overturn
Election
Medicare for All
Health Cost
Calculator Shows Most Californians Would Save Big
With
Medicare for All
Sanders amendment to the CHIPS Act that would impose restrictions on the billions of dollars in federal subsidies and tax credits Congress is set to give the already booming U.S. microchip industry. if microchip companies make a profit as a direct result of these federal grants, the taxpayers of this country have a right to get a reasonable return on that investment.