As you may have heard, the Republicans' refusal to discontinue the hostage crisis around the sequester has led to the across-the-board budget cuts kicking in today. What you may not have heard is that the sequester actually increases the the public debt-to-GDP ratio, Andrew Fieldhouse of the Economic Policy Institute points out. 

Holding out for ransom demands in the form of benefit cuts to Social Security, Medicare and Medicaid, Senate Republicans today again refused to surrender their hostages—the nation’s economy and working families who will be hurt by the upcoming Republican sequester.

Republicans led the charge to defeat a Democratic plan that would have eliminated the across-the-board sequestration budget cuts for the remainder of 2013, which the Congressional Budget Office has estimated would cost 750,000 jobs.

The AFL-CIO Executive Council today called on Congress to repeal—not replace—the economically destructive budget cuts that Republicans in Congress are using as leverage to demand Social Security, Medicaid and Medicare benefit cuts. If the sequester is to be replaced, in whole or in part, the council called for closing tax loopholes for Wall Street and the wealthiest 2%, which would minimize harm to the economy.  

Take a look at these videos of working families who are speaking out against Republican lawmakers' attempt to shove the economy to the edge of another manufactured fiscal crisis in order to extract painful benefit cuts to Social Security, Medicare and Medicaid and protect tax breaks and big loopholes for corporations and the wealthy. Working families demonstrated outside the offices of House Speaker John Boehner (R-Ohio) and Sen. Ted Cruz (R-Texas).

The Washington Post recently released a handy state-by-state breakdown of how the sequester cuts will affect jobs and services in every state. These figures are based on White House estimates. Sen. Tom Harkin (D-Iowa) also details these harmful cuts here. 

See how the sequester would affect your state here. 

Reps. Raúl M. Grijalva (D-Ariz.) and Keith Ellison (D-Minn.), Congressional Progressive Caucus co-chairs, released a statement yesterday that there is one simple way we can deal with the upcoming Republican-manufactured faux budget crisis designed to extract painful benefit cuts to Social Security, Medicare and Medicaid: eliminate it. 

A new, non-partisan study by Thomas Hungerford of the non-partisan Congressional Research Service confirms that the explosion of income inequality over the past 15 years is fueled by rapidly rising income from capital gains and dividends. 

Paul Krugman has a pretty straightforward plan to deal with the sequester that’s due to hit March 1. The New York Times columnist and Nobel Prize-winning economist says, “The right policy would be to forget about the whole thing.” 

He bases his proposal on what Federal Reserve Vice Chair Janet Yellen said in her keynote address to the Trans-Atlantic Agenda for Shared Prosperity conference at the AFL-CIO headquarters in Washington, D.C., earlier this month. Fiscal austerity, such as the sequester and the latest doomsday alert from the Bowles-Simpson duo, is the enemy of real economic recovery. 

House Speaker John Boehner (R-Ohio) continues to lead the Republican charge to the March 1 deadline, when arbitrary, across-the-board sequestration cuts in everything from mental health services to public safety kick in. In a cynical drive to wring massive concessions in cuts from Social Security, Medicare and Medicaid, Boehner and the Republicans are willing to inflict hardships on working families and bring disaster to the economy.

Detroit’s below freezing temperatures and gray winter skies didn’t deter a group of union and community activists from gathering downtown in front of a Chase Bank to build support to ensure that corporate special interests like Chase pay their fair share in taxes.

The morning action was just one of more than 100 events in a national day of action urging Congress to avert the $85 billion in arbitrary, across-the-board sequestration cuts in everything from mental health services to public safety scheduled to take effect March 1.