Austerity

The New Rules Of Carney’s Carve-Out Economy

August 3, 2026 Shiri Pasternak and Eve Saint, Canadian Dimension. Educate! Austerity, Canada, Deregulation, Mark Carney, Neoliberalism

It has been one year since Prime Minister Mark Carney introduced the Building Canada Act in Parliament. Since then, a succession of new laws has hollowed out legal protections for the environment, Indigenous rights, migration, and labour. The act itself establishes a fast-track approvals system for “projects of national interest” that authorizes ministers to override existing laws protecting the environment and Indigenous rights, including the duty to consult. A total of 19 government bills received royal assent during the spring sitting, while two other key pieces of legislation passed the House of Commons and will be taken up by the Senate this fall.

Chicagoans Reject Over 1,000 School Layoffs

August 3, 2026 Hayden Kersting, Fight Back! News. Resist! Austerity, Chicago, Education, Public schools, Worker Rights and Jobs

Chicago, IL – On Thursday morning, July 30, the Chicago Board of Education passed an amended budget to avoid over 1000 layoffs of workers in Chicago Public Schools (CPS). The revised budget counts on the state of Illinois to allocate an additional $150 million to CPS for the 2026-2027 school year. The amount is a fraction of the funding Illinois committed to provide to school districts under the Evidence-Based Funding (EBF) for Student Success Act, passed back in 2017. Unions, community organizations and other stakeholders are pressuring the general assembly and Governor J.B. Pritzker to follow through on these commitments.

Wildfires In Europe Are Spreading And Intensifying

July 29, 2026 Ana Vracar, BreakThrough News. Educate! Austerity, France, Neoliberalism, Spain, Wildfires

Firefighters in France and Spain are working hard to contain devastating wildfires ahead of another heatwave expected to hit parts of Europe starting Tuesday, July 28. Tens of thousands of hectares of land have been scorched, and over 200,000 people were forced to evacuate their homes in France alone. Blazes are also ongoing in Italy, and the seasonal prognosis for the entire northern Mediterranean coast remains alarming. Europe has faced increasingly difficult wildfire seasons, exacerbated by climate change and austerity measures.

Germany’s ‘Summer Of Reforms’ To Accelerate Militarization

July 18, 2026 Matthew Read, BreakThrough News. Educate! Austerity, Finance and the Economy, Germany, Militarization

In the shadow of the FIFA World Cup, the German government – a coalition of the conservative Christian Democratic Union (CDU) and the Social Democratic Party (SPD) – is pushing through a self-described “summer of reforms” that it promises will revive the stagnating economy and keep Germany “competitive” in a changing world. In practice, Chancellor Friedrich Merz’s program amounts to a comprehensive offensive against workers’ rights, social provision, and democratic participation. In recent months alone, the government has advanced plans to slash health services, push back the retirement age, extend the working day beyond eight hours, and begin privatizing pensions.

The War On The Poor Is Escalating

July 12, 2026 John Clarke, Canadian Dimension. Strategize! Austerity, Capitalism, Homeless, Housing, Poverty

We are now living in a period when poverty, homelessness, and social abandonment have reached crisis levels and the need for a united working-class challenge to this state of affairs is more important than ever. The official discourse in our society is geared to the proposition that poverty and homelessness stem from personal failings, if not moral dereliction. This assumption is shared by both right-wing and more liberal commentators, even if it is expressed by them in significantly different terms. The right-wingers simply condemn the poor as the architects of their own misfortune and seek to impose the full burden of austerity measures on them, backed up, of course, by generous doses of aggressive policing and prison sentences.

The $1.5 Trillion Climate Solution We Can’t Ignore

July 10, 2026 Aaron Kirshenbaum, Scheer Post. Create! Austerity, climate crisis, military spending, Pentagon

Last week, millions of people around the world were subjected to record-breaking heatwaves. At least 25 deaths in the U.S. from this heat dome were reported. The French government also counted over 2,000 excess deaths during the June heatwaves. At the same time, this past weekend, a devastating super typhoon hit the Northern Mariana Islands and Guam, leaving islands like Rota, where 2,000 people live, without running water and most buildings impacted. In both cases, the people least responsible for the climate crisis are the most vulnerable to its effects. And in both cases, people’s ability to withstand crises has been made dramatically worse by militarization.

Debt Relief In The Global South Would Benefit People In The US

July 7, 2026 Aldo Caliari, Inequality.org. Strategize! Austerity, Congress, Debt Relief, Global South, Taxpayers

Amidst a succession of financial shocks, the Middle East war being only the most recent, developing countries’ debt levels are alarmingly high and continuing to rise. These burdens make it even more difficult for governments in the Global South to meet the basic needs of their populations. And because the world is inter-connected through international trade and financial markets, these developing country debts boomerang back to harm ordinary people in the United States and other advanced economies as well. To effectively address this growing crisis, we need to recognize that the debt landscape is very different today than it was in the late 1990s/early 2000s.

SNAP Cuts Leave States And Counties Facing Spiraling Hunger Crisis

July 7, 2026 Mike Ludwig, Truthout. Educate! Arizona, Austerity, Food Insecurity, Hunger, SNAP Program, Trump Administration

One year after President Donald Trump signed legislation that slashed federal health care and food assistance to pay for tax cuts that mostly benefit the wealthy, officials on the front lines of the nation’s affordability crisis say the costs to state and local governments of filling holes left by Congress in the safety net are unsustainable. Demand for food assistance is rising as children and the elderly go hungry and millions struggle to afford the rising prices, leaving state and local governments in a tight fiscal squeeze.

A DC Wealth Tax Could Provide Relief For Black Residents

June 22, 2026 Kenneth Rashaun Woods, II, Inequality.org. Organize! Austerity, Black Communities, Economic inequality, Washington DC, Wealth Tax

Washington, DC is a city rife with economic inequality, especially on the basis of race. Black residents have watched outgoing Mayor Muriel Bowser slash away at critical social safety net programs while federal tax cuts further enrich the city’s wealthy elite, expanding a racial wealth gap that leaves the working class shouldering the burden of economic inequality. Local advocacy groups and lawmakers aiming to end this inequitable economic system are calling for a wealth proceeds tax, which is a surcharge on passive income like capital gains or dividends.

More Than 770,000 Children Are No Longer Receiving SNAP Benefits

June 21, 2026 Nicole Santa Cruz, Pro Publica. Educate! Austerity, Children, Food Insecurity, SNAP Program, Trump Administration

As a House committee debated President Donald Trump’s signature domestic policy bill last year, Republican backers repeatedly emphasized that its changes to the Supplemental Nutrition Assistance Program, also known as food stamps, wouldn’t affect vulnerable people. SNAP reforms would “restore integrity” to the program and ensure it works for the “most vulnerable among us, including children,” said Rep. Glenn “GT” Thompson, a Pennsylvania Republican and chair of the House Agriculture Committee. Passing the bill would be a “historic accomplishment” that will ensure “those in need can continue to receive the assistance they need,” said Rep. John Rose, a Republican from Tennessee.

Can Transit Workers Escape The Death Spiral?

June 13, 2026 Paul Prescod, Labor Notes. Strategize! Austerity, Public Transit, Transportation, Unions, Worker Rights

Public transit has been in a deep crisis since the Covid pandemic. Transit systems weren’t adequately funded to begin with. Then, as remote work increased, ridership declined. Now, emergency relief and infrastructure funds passed during the Biden administration have dried up. When transit systems make cuts, service quality declines. As public transit gets dirtier, more dangerous, and less reliable, the public responds by using it less. This “death spiral” is a dream scenario for privatizers, who employ the “four D’s”: Defund, Degrade, Demonize, and Dismantle.

Trump Kicks Dismantling Of Veterans’ Health Care Into High Gear

June 6, 2026 Russell Lemle and Suzanne Gordon, Substack. Educate! Austerity, Congress, Health Care, Privatization, Trump Administration, Veterans Health Administration

Midway through the Senate Veterans’ Affairs Committee’s May 20 hearing on the VA’s advance budget request, Sen. Angus King (I-ME) pressed VA Secretary Doug Collins on his view of the future of veterans’ health care. Every net increase in Collins’s FY2028 advance appropriations request was earmarked for care delivered by private-sector providers. To King, the intention seemed unmistakable: a plan “to gradually privatize VA health care coverage.” Collins’s response was withering in its contempt—for the question and the questioner alike: “There is no intention to gradually, there is no intention to accelerate, there is no intention to decelerate, there is no intention to privatize at all.”

INEOS Teamsters And Chemical Workers Fight For A Fair Deal

June 4, 2026 Glenn Painter and Jeff Sitt, Inequality.org. Resist! Austerity, Chemical Workers, Unions, Worker Rights

Few things are more important to small communities than safe, steady jobs. In Ashtabula, plants like ours don’t just provide a paycheck — they help families build a life, raise children, and support local businesses. The work we do at the INEOS facility plays a direct role in keeping this community strong and the nation running. We are proud members of Teamsters Local 377 and the International Chemical Workers Union Council (ICWUC) Local 1033C. For years, workers at this plant had a level of stability we could count on. Today, we are on strike because the company is demanding a contract that would take us backward.

Military Families Say They’re Getting Short-Changed

May 15, 2026 Marcus Baram, Scheer Post. Educate! Austerity, Economic insecurity, Food pantry, Military families, US military

On April 21, nearly two months into the Iran war, the Pentagon unveiled a $1.5 trillion budget request that promised to bolster services for members of the military and their families. The proposed budget for the fiscal year that begins in September includes $90 million in additional funding specifically for the design of military child development centers and barracks, as well as pay increases ranging from 5% to 7% for service members. “With this funding request, we directly invest in our people, recognizing and respecting our warfighters, their families and the daily sacrifices they both make for our nation,” said Lt. Gen. Steven P. Whitney

Overcoming Trump’s US Health Care Wrecking Ball

April 19, 2026 Robert Pollin, Dollars and Sense. Educate! Austerity, Health Care, Medicare for all, Trump Administration

The Trump administration has been rolling out disasters on a near-daily basis since Trump returned to office 15 months ago, with the latest installment being, of course, his current war of choice in Iran. Amid this ongoing barrage, one can easily overlook the outrages that Trump and company inflicted only months ago, even as the effects of these earlier measures start to hit people hard, with worse to come. One of the most consequential such measures affecting the daily lives of millions of people are the huge cuts in federal health care support enacted last July 4, when President Trump signed his absurdly named “One Big Beautiful Bill.”

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