TomCat

Should We Kick the Can?

 Posted by at 3:48 am  Politics
Feb 082013
 

Several times in the last few weeks, I have said that I would rather suffer the spending cuts in the sequester than a ‘grand bargain’ that reduces benefits, that present and future Social Security and/or Medicare recipients have earned with their life-long payroll deductions.  On that, I have not changed.  However, I have also strongly opposed kicking the can down the road, and on that issue, Paul Krugman has made some arguments that are leading me to defer to his wisdom on that point.

8KickTheCanJohn Boehner, the speaker of the House, claims to be exasperated. “At some point, Washington has to deal with its spending problem,” he said Wednesday. “I’ve watched them kick this can down the road for 22 years since I’ve been here. I’ve had enough of it. It’s time to act.”

Actually, Mr. Boehner needs to refresh his memory. During the first decade of his time in Congress, the U.S. government was doing just fine on the fiscal front. In particular, the ratio of federal debt to G.D.P. was a third lower when Bill Clinton left office than it was when he came in. It was only when George W. Bush arrived and squandered the Clinton surplus on tax cuts and unfunded wars that the budget outlook began deteriorating again.

But that’s a secondary issue. The key point is this: While it’s true that we will eventually need some combination of revenue increases and spending cuts to rein in the growth of U.S. government debt, now is very much not the time to act. Given the state we’re in, it would be irresponsible and destructive not to kick that can down the road.

Start with a basic point: Slashing government spending destroys jobs and causes the economy to shrink.

This really isn’t a debatable proposition at this point. The contractionary effects of fiscal austerity have been demonstrated by study after study and overwhelmingly confirmed by recent experience — for example, by the severe and continuing slump in Ireland, which was for a while touted as a shining example of responsible policy, or by the way the Cameron government’s turn to austerity derailed recovery in Britain… [emphasis added]

Inserted from <NY Times>

Photo credit: Washington Post

I think he is right.  I’m all for increasing revenue, because, as a percentage of the GDP, it is at a record low, but if we can’t come to a deal that leaves the big three alone, I’d rather put off the decision until another time.  I know that is a change, but when I have been wrong, I say so.

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Drop the Bernie Bomb!

 Posted by at 3:47 am  Politics
Feb 082013
 

Whenever the subject turns to economic fairness, currently skewed beyond recognition by the Republican War on the poor and Middle classes, you can always count on Bernie Sanders to side with the American people against Republican Plutocons, to speak the truth against Republican lies, and to offer solutions that are fair and spot-on.

8offshore-tax-havensLiberal Sen. Bernie Sanders (I-Vt.) and Rep. Jan Schakowsky (D-Ill.) on Thursday announced new legislation to require multinational corporations to pay hundreds of billions in new taxes.

Their bill would stop companies from deferring tax payments on profits earned abroad. Currently taxes only need to be paid when the profits are repatriated and many companies have kept capital overseas for years to avoid tax penalties. This had led to some calls for a tax holiday to encourage companies to bring capital back to the U.S.

Sanders and Schakowsky said their bill would raise $590 billion over ten year according to a Joint Committee on Taxation analysis.

“It is past time for corporate America to contribute significantly to deficit reduction,” said Sanders in a statement…

…Under the bill, companies would pay U.S. taxes as profits are earned and they would still be able to deduct the value of taxes paid to foreign governments… [emphasis added]

Inserted from <The Hill>

Photo credit: The Stand

Because they could actually deduct taxes paid abroad, the Republican claim that this bill will double-tax companies is untrue.

Ed Schultz and Bernie discussed the bill.

 

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Corporations pay the smallest portion of revenue here than everywhere in the industrialized world and one fourth of profitable corporations pay no taxes at all. Republicans say we have a spending problem, but in even with a GDP hamstrung by the Republican Recession, revenue, as a percentage of GDP, is a record low.  So go for it!  Drop the Bernie bomb!

Sadly, my hops for passage in the Senate is not high, because the Nevada Leg Hound, Harry Reid, betrayed us all by not significantly reforming the filibuster, when he had the votes to do so.

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Feb 082013
 

Something must have been going on downtown yesterday, because there were helicopters low over my building for the early part of my sleep time, so I’m pretty pooped.  I’m current with replies and should be OK tomorrow.

Jig Zone Puzzle:

Today’s took me 4:45 (average 5:26).  To do it, click here.  How did you do?

Short Takes:

From MoveOn: BREAKING: MoveOn Makes A Bet That A Million Progressive Leaders Are Yet To Be Sparked

 

Kudos to MoveOn. They have done a spectacular job in the past and their future appears most promising.

From Think Progress: Rep. Raúl Labrador (R-ID), a key player in the ongoing House negotiations to advance comprehensive immigration reform, has come out against providing a pathway to citizenship for the nation’s 11 million undocumented immigrants, echoing a growing consensus among conservative members. The position is in stark contrast to the framework put forward by a bipartisan group of Senators and President Obama — which would allow the unauthorized to earn citizenship.

“The people that came here illegally knowingly – I don’t think they should have a path to citizenship,” Labrador said during an interview with NPR on Thursday morning. “If you knowingly violated our law, you violated our sovereignty, I think we should normalize your status but we should not give you a pathway to citizenship.”

The Republican intent here is crystal clear. They are willing to let undocumented workers stay, but only as long as they can be used as serf labor.

From Media Matters: On Fox News, Republican strategist Brad Blakeman denied the scientific consensus on manmade climate change, saying "For every one scientist that says there is, I’ll give you 10 scientists that said it’s not manmade":

But in fact, credible surveys have repeatedly found that the vast majority of climate scientists agree humans are changing the climate. For instance, a 2009 survey published by the American Geophysical Union found that 97 percent of those who specialize in climate science said human activity is contributing to rising global temperatures:

 

The Republican Reichsministry of propaganda, Faux Noise, deals with facts in a thoroughly Republican way. They make them up.

Cartoon:

8Cartoon

And Republicans want it back!

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How Republicans Went Postal

 Posted by at 4:23 am  Politics
Feb 072013
 

This is not the first time I have covered this story, but in light of recent developments, it is time to revisit what the Republican Party is doing to the US Postal Service.  To be brief, the post office is under assault by Republicans, who are trying to destroy it for their own political ends, which as usual, conflict with the best interest of the American people.

7usps-logoThe U.S. Postal Service announced on Wednesday that it will discontinue first class Saturday mail delivery, marking another milestone in the decline of the once-ubiquitous government service. But it isn’t a switch to online mail that’s causing the postal demise — it’s Congress.

Under the Postal Accountability and Enhancement Act, Congress has for years forced the USPS to pre-fund 75 years’ worth of pensions for its employees, a requirement not made of any other public or private institution. That means that the Postal Service is footing the bill for employees it hasn’t even hired yet.

The USPS doesn’t actually receive money from the government, but still needs Congressional approval to make any changes to its structure. An analysis in July showed that the USPS, without its pension requirement, would have a $1.5 billion surplus…

Inserted from <Think Progress>

Ed Schultz detailed how the Post Office problems are the result of Republican sabotage.

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If Republicans can destroy USPS they also kill one of the largest unions in the nation and privatize mail delivery for commercial carriers, who will charge much higher rates, especially in rural areas that USPS services for the same prices as urban areas.

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We’re Number One… NOT!

 Posted by at 4:22 am  Politics
Feb 072013
 

Here in the US, ethnocentrism is rampant.  That is the notion that we are better than everyone else.  This applies particularly to Republicans.  They use it to justify the wars they started in Afghanistan and Iraq, and the wars they want to start in Iran, Syria, and anywhere a progressive government is blocking exploitation by US companies.  The truth is, we are number one in GDP, but that’s all.

7who'snumber 1"The Global Competitiveness Report 2012-2013,” by the World Economic Forum, is the latest annual ranking of 144 countries, on a wide range of factors related to global economic competitiveness.

On each of their many rankings, #1 represents the best nation, and #144 represents the worst nation.

Gross Domestic Product is the only factor where the U.S. ranks as #1, which we do both on "GDP” and on “GDP as a Share of World GDP.”

Health Care has the U.S. ranking #34 on “Life Expectancy,” and #41 on “Infant Mortality.”

Education in the U.S. is also mediocre. On “Quality of Primary Education,” we are #38. On “Primary Education Enrollment Rate,” we are #58. On “Quality of the Educational System,” we are #28. On “Quality of Math and Science Education,” we are #47. On “Quality of Scientific Research Institutions,” we are #6. On “PCT [Patent Cooperation Treaty] Patent Applications [per-capita],” we are #12. On “Firm-Level Technology Absorption” (which is an indicator of business-acceptance of inventions), we are #14… [emphasis added]

Inserted from <Alternet>

A solution here requires no rocket science.  Instead of blowing our own horn, we simply need to look at what the leaders are doing in areas where we lag behind, and do what they are doing.

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Feb 072013
 

Yesterday, research and blogging took almost ten hours and really tired me out.  Today I am doing laundry while writing.  Some things never change.  I still HATE laundry. Green with envy  I’m current with replies.  I expect to be back tomorrow.

Jig Zone Puzzle:

Today’s took me 3:59 (average 5:10).  To do it, click here.  How did you do?

Short Takes:

From MoveOn: These Young Kids Are Facing A Death Sentence And It's Totally Legal

 

This is how corporate criminals profit from harming others. To make them stop and pay for the damage they have done, we must remove Republicans from office.

From The Daily Beast: It’s official: Fox is the most distrusted name in news.

Why am I not surprised? Faux Noise is Republican infoganda, not news.

From MSNBC: Is Ashley the answer?

 

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I'm all for anyone who can make Bought Bitch Mitch join the unemployment line. An even bigger smile will follow, if the next Senate begins with a new Republican Minority Leader and a new Democratic Majority Leader.

Cartoon:

7Cartoon

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About the White Paper

 Posted by at 4:52 am  Politics
Feb 062013
 

The has been much ado about the white paper in which the Obama administration has claimed the authority to kill US citizens abroad, without oversight or transparency.  Regardless of my overall support for Obama, I must oppose this policy, based more on what I do not know about it than on what I do know.

WhiteHouseOn one level, there were not too many surprises in the newly disclosed “white paper” offering a legal reasoning behind the claim that President Obama has the power to order the killing of American citizens who are believed to be part of Al Qaeda. We knew Mr. Obama and his lawyers believed he has that power under the Constitution and federal law. We also knew that he utterly rejects the idea that Congress or the courts have any right to review such a decision in advance, or even after the fact.

Still, it was disturbing to see the twisted logic of the administration’s lawyers laid out in black and white. It had the air of a legal justification written after the fact for a policy decision that had already been made, and it brought back unwelcome memories of memos written for President George W. Bush to justify illegal wiretapping, indefinite detention, kidnapping, abuse and torture.

The document, obtained and made public by NBC News, was written by the Justice Department and coyly describes another, classified document (which has been described in The Times) that actually provided the legal justification for ordering the killing of American citizens…

Inserted from <NY Times>

I have to grant that America’s current enemies are not state based, do not wear uniforms, and do not fight using conventional means.  Therefore I recognize that there are people who threaten our national security, who are at war with us, and who need to be stopped.  I even recognize that some of those people could be US citizens, who have joined forces with our enemies.

If it can be indisputably proved that a US citizen is a clear and present danger to the US, because that individual is actively involved in unconventional warfare against the US, and if it can be demonstrated that capture is not a viable option, I do not object to taking that person out, as long as there is 100% transparency after the fact in which the American people are informed of the evidence on which the action was based.  The problem is, I can’t see where the present policy has any of these features.

We don’t know who can make the decision to issue a kill order.  We don’t know under what conditions a kill order may be issued.  We have no guarantee of transparency at any point in the process.

Rachel Maddow provided some excellent coverage of this issue.

 

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Rachel summed it up perfectly, when she asked how we will determine who is a bad guy. Wyden’s questions were also excellent.

Frankly, it would surprise me to see Obama use this policy abusively, but Obama will not be President forever.  I feel terrified at the notion that another Dick Cheney may someday sit in an undisclosed location, secretly picking off everyone he considers his enemy.

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Feb 062013
 

Many US employers do offer their employees excellent health care benefits, and they should be commended for doing so.  It is not uncommon for people to hang onto a job, just to hang on to their healthcare benefits.  Some are even putting off retirement.

6health-benefits-retirementTying health insurance benefits directly to employment is forcing most Americans to work longer than they would have otherwise, a new study from the Employee Benefits Research Institute finds.

According to the study’s results, more than three fourths of retired Americans ended up working longer than they initially planned because they didn’t want to lose access to their employer-based health benefits. And a majority of the Americans who are currently in the workforce are also planning to delay their retirement in order to keep the insurance plans they have through their employer:

This builds upon previous research that shows the Great Recession has seriously impacted older Americans’ ability to retire. An estimated 62 percent of working Americans now report they’re planning to put off their retirement — up from 42 percent in 2010 — largely due to job losses and financial insecurity. These issues go hand-in-hand particularly because, as health care costs continue to rise, Americans are increasingly worried about being able to afford their insurance coverage…

Inserted from <Think Progress>

My concern with this is different from that of the author, because I’m not bothered that people who would like to retire before they are eligible for Medicare are inconvenienced.  However, it is better, if people who wish to retire early can do so, as it frees jobs for people who want to work.

However, I am concerned for employers who provide excellent health care for their employees.  If a greedier competitor provides no health care benefits, that puts the good employer at a competitive disadvantage.  With universal, single-payer coverage, such as Medicare for all, there will be no such inequities.  In addition, it would make US companies more competitive in the world economy.

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