Showing posts with label revenue crisis. Show all posts
Showing posts with label revenue crisis. Show all posts

Wednesday, January 11, 2012

None of the 2012 Republican Presidential Candidates Are Serious About Deficit Reduction or Stopping Redistribution of Wealth to the Wealthy

















None of the 2012 Republican Presidential Candidates Are Serious About Deficit Reduction or Stopping Redistribution of Wealth to the Wealthy

The 2012 Republican candidates are largely in lockstep when it comes to economic policy, wanting to give huge tax cuts to the rich and corporations while doing next to nothing to boost consumer demand or help the middle class and the unemployed who have been battered by the Great Recession. In fact, according to an analysis by Citizens for Tax Justice, the average tax cuts received by the richest 1 percent of Americans under the Republican plans would be 270 times as large as the cut received by the middle class:

    The share of tax cuts going to the richest one percent of Americans under these plans would range from over a third to almost half. The average tax cuts received by the richest one percent would be up to 270 times as large as the average tax cut received by middle-income Americans.

Perry wins the award with a tax cut for the richest 1 percent that is 270 times larger than his middle class tax cut, while Gingrich’s is 190 times larger. Santorum and Romney pull up the rear with tax cuts for the rich that are 100 times larger than the cuts for the middle class, while CTJ did not analyze Jon Huntsman or Ron Paul’s plans. (CTJ uses a current law baseline, rather than a current policy baseline, to calculate its cuts. Using a current policy baseline, millions of middle class families would see a tax increase under Romney’s plan.)

CTJ also noted that “the cost of the tax plans proposed by Republican presidential candidates would range from $6.6 trillion to $18 trillion over a decade.” Therefore, “even the meager tax cuts that would go to low-income and middle-income taxpayers under these plans would almost surely be offset by the huge cuts in public services that would become necessary as a result.

The conservative field of candidates are classic example of robbing Peter to pay Paul, or putting a little more money in one pocket of the middle-class and taking it out of the other. One of the results of progressive taxation is that a little bit of the extraordinary wealth accumulated at the top goes back to help pay for bridges, roads, medical research, firefighting equipment, public universities and so forth. All of those things and more will suffer even more budget cuts. For what? So multimillionaires and billionaires can hoard even more unearned income than they already have.

Saturday, December 24, 2011

The Millionaires Who Act Like Scrooge and Those Who Act Like Patriots



The Millionaires Who Act Like Scrooge and Those Who Act Like Patriots

It's holiday season, and mean-spirited misers abound. GOP legislators have Dickensian plans for the 99 percent, aiming at shredding our social safety nets, undermining our healthcare, and making us pay for the financial crisis created by reckless financiers. Naturally, they decry even a modest income tax surcharge on millionaires, channeling Scrooge-worthy logic to justify their worship of Big Money at the expense of everyone else.

Meanwhile, JPMorgan Chase honcho Jamie Dimon, the highest paid executive among the six biggest and most dangerous banks, whines that he doesn't deserve our ire: "Acting like everyone who's been successful is bad and because you're rich you're bad, I don't understand it," said Dimon, whose 2010 take totaled $23 million.

Let us help you understand it. We don't hate you because you're rich, Mr. Dimon. Americans actually tend to admire people who make lots of money and, say, contribute useful things to society and promote the public good. Witness the recent outpouring of love for Steve Jobs. No, we itch for our pitchforks because you are greedy. You want to horde everything at the top and you refuse to acknowledge that you have any responsibility toward your fellow Americans. In fact, the way you make your money makes you look like a public menace. You dealt in risky derivatives and mortgage schemes that helped tank the global economy. You defrauded your investors. Your bank has even had the gall to foreclose on military families. Back in October, thousands of us stood outside your swank apartment on Park Avenue holding signs and telling you in plain English why your statements that bank regulations are "un-American" and such are both stupid and harmful. But apparently the message didn't get through. I guess we'll have to keep coming back until you do get it.

There are plenty of 1 percenters who support Dimon's view of the world, in which crushing ordinary people in the name of greed is something to be applauded.

But not all. And, like Warren Buffett, whose op-ed "Stop Coddling the Super-Rich" sent shockwaves through the country back in August, they are becoming more and more vocal. Philadelphia lawyer and philanthropist Dan Berger, a member of the Patriotic Millionaires for Fiscal Strength, has been hitting the airwaves and writing for months explaining why current tax policy unfairly favors the rich -- and why that's dangerous for everyone. Berger is concerned about the social pathologies and dysfunction created by the concentration of wealth at the top, and worries that we have unlearned the lessons of the Great Depression -- the last time such concentration devastated the country. "We are in a golden age of the cult of wealth," he warns. "Economic, social, and political life by, of, and for the one percent is an old story in the history of world civilization--one which inevitably ends badly."

Over the last decade, incomes for the richest 1 percent of Americans grew faster than that of any other group. CEO pay has soared 300 percent since 1990, while that of the average worker has risen a paltry 4 percent. If 1 percenters can't be convinced that such disparities are morally wrong, Berger suggests they conjure up some "enlightened self interest" in order to grasp what might happen if society becomes further unbalanced. He sees the Occupy Wall Street movement as the mere "tip of the iceberg."

Billionaire hedge fund manager Jim Chanos has also gone public expressing his support for Occupy Wall Street and his objection to tax policies weighted toward the 1 percent: "I have a problem with private capital asking for lower tax rates on certain forms of income that I believe are income, not returns on capital, than say teachers, soldiers, fireman and policeman.” Chanos explained to AlterNet why 1 percenters who can't see why Americans are angry are seriously out of touch: "They say we live in an 'aspirational society,' but many of those in the 1 percent accuse the Occupy Wall Street movement of class warfare and bemoan the fact that the president dubs them millionaires and billionaires. Well, I'm pretty sure most of the 99 percent would still aspire to be called the same thing!"

The aspirational dreams encoded in our American DNA have been increasingly crushed by policies and practices that channel money toward the top and leave students saddled with debt, workers struggling to support their families and elderly people unable to live in dignity.

We do live in a society that redistributes wealth. Every worker in America makes their contribution towards producing the GDP or Gross National Product. At the end of the day the pie (GDP) is divided up. The top one percent get most of the pie and the crumbs trickle down to everyone else. Conservative Republicans want you to believe that the top deserves it because they produce most of the work. Yep, hard to believe anyone would believe that mountain of BS, but many Americans do, just listen to Anti-American Fox News. They will be glad to tell you that supply-side trickle down economics is good and raising taxes just a little on the top is pure communism.

Wednesday, November 30, 2011

Freedom is Only For the Elite - Welcome to Republican America Which is Willing To Raise Payroll Taxes On 113 Million Households To Spare 345,000 Millionaires From Tiny Surtax
















Freedom is Only For the Elite - Welcome to Republican America Which is Willing To Raise Payroll Taxes On 113 Million Households To Spare 345,000 Millionaires From Tiny Surtax

Senate Democrats yesterday introduced legislation — as they’ve been promising to — that would extend a soon-to-expire payroll tax cut, and pay for it by implementing a surtax on income above $1 million. Republicans, of course, are opposing the plan, reviving their false claims that taxing the very wealthiest Americans will hit small businesses and job creators.

In essence, the GOP is saying that it’s willing to allow higher taxes on middle- and lower-income Americans in order to prevent tax increases on the very wealthy. According to an analysis by Citizens for Tax Justice, provided to the Washington Post’s Greg Sargent, the surtax would affect exceedingly few taxpayers, while a payroll tax cut expiration would wallop more than 100 million households:

    The surtax would impact around 345,000 taxpayers, roughly 0.2 percent of taxpayers, or one in 500 of them. Those people would pay on average an additional 2.1 percent of their overall income, or just over 1/50th of that overall income, in taxes.

    In a majority of states, only one-tenth of one percent, or one in 1,000 taxpayers, would pay this surtax.

    And how many people would benefit from the payroll tax cut? According to the group, around 113 million tax filing units — either single workers or families that include more than one worker — would see their payroll tax cut extended. That’s a lot of people — well over 113 million workers, in fact.

Allowing the payroll tax cut to expire at the end of the year would hit middle-class families with a $1,000 tax increase, providing a substantial drag on the economy. In fact, according to Macroeconomic Advisers, allowing the payroll tax cut to lapse “would reduce GDP growth by 0.5 percent and cost the economy 400,000 jobs.” Other estimates are even worse, with Barclays’s estimating that a payroll tax increase could say 1.5 percent off of GDP growth.

The GOP has, time and again, blocked any legislation that would increase taxes by the slightest amount on the ultra-wealthy, even with tax revenue at a 60 year low, taxes on the rich the lowest they’ve been in a generation, and income inequality out of control. Instead, Republicans would prefer to raise taxes on the middle-class, knocking the economy where it can least afford it.

Be sure and vote conservative Republican in 2012 so the United States of America can look and operate more like 16th century France. When will conservatives start wearing flowing velvet robes and silk brocaded vests so we can all better distinguish the elite from the common folk.

Rupert Murdoch The Anti-American International Business Mogul and His Fox News:: Student Indoctrination Is OK, But Only If The Teacher's a Proto-Fascist Conservative

Friday, November 11, 2011

Over The Last Forty Years America Has Often Followed The Path of Conservative Economic Policy - That Path Has Come Back to Haunt The Middle-Class


















Over The Last Forty Years America Has Often Followed The Path of Conservative Economic Policy - That Path Has Come Back to Haunt The Middle-Class

A few weeks ago, as the Occupy Wall Street protests were first spreading, something amazing happened: For 10 whole seconds, the local reporter on my TV screen actually talked about the realities of the recession. He even uttered the phrase “economic inequality.”

My guess is that you’ve seen something similar on your local affiliate — and that’s no minor event. When even the most local of television journalists are compelled to acknowledge this crushing emergency in a country whose media aggressively promotes American dream agitprop, it means the Occupy protesters have scored a monumental victory. You can almost imagine a Wall Street CEO turning to an aide and muttering a slightly altered riff off LBJ: “If we’ve lost Ron Burgundy, we’ve lost Middle America.”

In response to this stunning turn of events, conservative politicians are retreating to non sequiturs. They seem to think that if they shout the phrase “class warfare” enough, the nation will go back to not caring about the divide between the rich and poor.

But something has changed.

For most of the post-World War II era, we tolerated relatively high inequality because we envisioned it as a necessary side effect of an exceptional economy that (supposedly) guaranteed opportunities for advancement. As the Wall Street Journal put it, we believed that “it is OK to have ever-greater differences between rich and poor … as long as (our) children have a good chance of grasping the brass ring.”

However, the last three decades have invalidated our standing hypothesis. After the conservatives’ successful assault on the New Deal, America has lived a different reality — one perfectly summarized by a new Federal Reserve study revealing that today’s increasing inequality accompanies comparatively low social mobility.

“U.S. family income mobility has decreased over the 1969-2006 time span, and especially since the 1980s,” notes the Fed paper, adding that “a family’s position at (the) end of (the) 2000s was … more correlated with its start position than was the case 20 years earlier.”

Of course, some class mobility still exists. The trouble is that it’s primarily of the downward kind. As the Pew Charitable Trusts reports, roughly a third of those who grew up in the middle class have now fallen below that station in adulthood.

This is why, for all the right-wing mythology about “Eurosocialism” snuffing out upward mobility, data from the Organization for Economic Cooperation and Development show that social mobility in uber-capitalist America is actually lower than in most industrialized countries.

This is why almost three-quarters of respondents just told the Hill newspaper’s pollsters that income inequality is a problem.

This is why my local TV news is suddenly airing pieces on economic inequality between sports, weather and all the “you stay classy” small talk.

And this is why, among all the fights over economic policy, the debate about taxes is the most crucial of all.

As the Fed noted in a separate report, the federal tax code — which remains vaguely progressive — has been the one proven way to “mitigate income inequality.” But with congressional Republicans gradually flattening federal income tax rates and with already-regressive state tax rates in GOP bastions like Texas, Wyoming, Tennessee, South Dakota and Mississippi, the tax system has lately been preserving or exacerbating existing inequality.

David Sirota is a best-selling author of the new book "Back to Our Future: How the 1980s Explain the World We Live In Now."

Conservatives have been hyper shrill lately. Claiming that a return of the tax rates of the prosperous Clinton years will be a return to Marxism or even the end of our civilization. You can't reason with people like that, people who have clearly gone off the deep end. They seemed to have taken the zealotry of some religious cults to and applied it to economics. They believe what they believe and they want no part of being rational adults.

Monday, November 7, 2011

Anti-American Fox News Tries to Hide Connection Between Fox and Georgia Based Domestic Terrorists


















Anti-American Fox News Tries to Hide Connection Between Fox and Georgia Based Domestic Terrorists

Fox News is now actively concealing a link between an Alabama-based blogger repeatedly featured on the network as an expert and allegations of a domestic terrorist plot.

This morning on America's Newsroom, Fox News ran an extensive report on yesterday's arrest of four Georgia men accused of plotting an attack on federal employees and U.S. citizens using explosives, guns, and the biological toxin ricin. At the end of the segment, correspondent Jonathan Serrie pointed out that one of the defendants "allegedly cited the online novel Absolved, which discusses small groups of citizens attacking U.S. officials," with the defendant allegedly "saying that the attacks would be based on events in that novel."

Charging documents indeed state that accused plotter Frederick Thomas repeatedly cited as an inspiration the novel Absolved, in which underground militia fighters declare war on the federal government over gun control laws and same-sex marriage, leading to a second American revolution. But Fox's report neglected to mention the allegedly inspirational novel's author, who is no stranger to Fox viewers.

Indeed, the author, Mike Vanderboegh, has been mainstreamed by the network, which has repeatedly featured him as an expert on the ATF's failed Operation Fast and Furious. Fox has identified Vanderboegh as an "online journalist" and an "authority on the Fast and Furious investigation," and has consistently failed to acknowledge his extremist views, actions, and affiliations.

Vanderboegh, a former member of the militia and Minuteman movements and now a leader of the "anti-government extremist group" the Three Percenters, which claims to represent the three percent of gun owners who "who will not disarm, will not compromise and will no longer back up at the passage of the next gun control act" but will instead, "if forced by any would-be oppressor, ... kill in the defense of ourselves and the Constitution."

The complaint against Thomas details a similar scenario:

    THOMAS described a scenario in which he felt would be the "line in the sand" that would result in the activation of militias. THOMAS believed that soon, during a protest action, a protestor would be shot. It is his opinion the militias would act and respond by openly attacking the police. He then openly discussed having complied what he called the "Bucket List" which is a list of government employees, politicians, corporate leaders and members of the media he feels needed to be "taken out" to make the country right again."

Vanderboegh has stated that "another civil war in this country is the last thing I want,"writing in the introduction to Absolved that the novel is "a cautionary tale for the out-of-control gun cops of the ATF," who "need to know how powerful" the "armed citizenry" "could truly be if they were pushed into a corner."

Fox News has repeatedly presented Vanderboegh as a credible source. Their failure to mention his authorship of a novel that allegedly inspired a terrorist plot is telling.

UPDATE: In a subsequent report, Fox's Serrie said that Absolved was written by "the former leader of an Alabama militia," and briefly flashed an image of the book's cover that showed Vanderboegh's name. Serrie did not note Vanderboegh's connection to Fox News.

As Congressional Republicans do everything they can to stop employment programs and make life harder for the unemployed, the conservative media id trying to hide its ties to radical anti-American Republicans. P.T. Barnum once said there was a sucker born every minute. He might as well have been talking about modern day conservatives who keep falling for the conservative movement hiding its anti-American agenda behind the flag and the Bible.  


Subprime Loans, Foreclosure, and the Credit Crisis. What Happened and Why? - A Primer(pdf)

By 2007, subprime loans accounted for 29% of total home loans. The vast majority of the subprime loans causing today’s massive foreclosures were issued by institutions and independent mortgage brokers not covered by the CRA.

Saturday, November 5, 2011

The Conservative Redistribution of Income is Grand Theft for Plutocrats















Here(chart), from the CBO report, are the changes, in percentage points, of the shares of income going to three groups. The top quintile excluding the top 1 percent – which is basically the abode of the well-educated who aren’t among the very lucky few – has only kept pace with the overall growth in incomes. Just about all of the redistribution has taken place from the bottom 80 to the top 1 (and we know that most of that has actually gone to the top 0.1).

 Oligarchy, American Style

Inequality is back in the news, largely thanks to Occupy Wall Street, but with an assist from the Congressional Budget Office. And you know what that means: It’s time to roll out the obfuscators! [Here, from the CBO report, are the changes, in percentage points, of the shares of income going to three groups. The top quintile excluding the top 1 percent – which is basically the abode of the well-educated who aren’t among the very lucky few – has only kept pace with the overall growth in incomes. Just about all of the redistribution has taken place from the bottom 80 to the top 1 (and we know that most of that has actually gone to the top 0.1).]

Anyone who has tracked this issue over time knows what I mean. Whenever growing income disparities threaten to come into focus, a reliable set of defenders tries to bring back the blur. Think tanks put out reports claiming that inequality isn’t really rising, or that it doesn’t matter. Pundits try to put a more benign face on the phenomenon, claiming that it’s not really the wealthy few versus the rest, it’s the educated versus the less educated.

So what you need to know is that all of these claims are basically attempts to obscure the stark reality: We have a society in which money is increasingly concentrated in the hands of a few people, and in which that concentration of income and wealth threatens to make us a democracy in name only.

The budget office laid out some of that stark reality in a recent report, which documented a sharp decline in the share of total income going to lower- and middle-income Americans. We still like to think of ourselves as a middle-class country. But with the bottom 80 percent of households now receiving less than half of total income, that’s a vision increasingly at odds with reality.

In response, the usual suspects have rolled out some familiar arguments: the data are flawed (they aren’t); the rich are an ever-changing group (not so); and so on. The most popular argument right now seems, however, to be the claim that we may not be a middle-class society, but we’re still an upper-middle-class society, in which a broad class of highly educated workers, who have the skills to compete in the modern world, is doing very well.

It’s a nice story, and a lot less disturbing than the picture of a nation in which a much smaller group of rich people is becoming increasingly dominant. But it’s not true.

Workers with college degrees have indeed, on average, done better than workers without, and the gap has generally widened over time. But highly educated Americans have by no means been immune to income stagnation and growing economic insecurity. Wage gains for most college-educated workers have been unimpressive (and nonexistent since 2000), while even the well-educated can no longer count on getting jobs with good benefits. In particular, these days workers with a college degree but no further degrees are less likely to get workplace health coverage than workers with only a high school degree were in 1979.

So who is getting the big gains? A very small, wealthy minority.

The budget office report tells us that essentially all of the upward redistribution of income away from the bottom 80 percent has gone to the highest-income 1 percent of Americans. That is, the protesters who portray themselves as representing the interests of the 99 percent have it basically right, and the pundits solemnly assuring them that it’s really about education, not the gains of a small elite, have it completely wrong.

If anything, the protesters are setting the cutoff too low. The recent budget office report doesn’t look inside the top 1 percent, but an earlier report, which only went up to 2005, found that almost two-thirds of the rising share of the top percentile in income actually went to the top 0.1 percent — the richest thousandth of Americans, who saw their real incomes rise more than 400 percent over the period from 1979 to 2005.

Who’s in that top 0.1 percent? Are they heroic entrepreneurs creating jobs? No, for the most part, they’re corporate executives.
 Republicans - who really should be called the Right-wing Elitist Party - tells us that to complain about this redistribution of income from the working class to millionaires is socialism. Don't fall for that old canard. America has become an economy that gives rich people money just for being rich not because they worked for it. They get that wealth from where all wealth starts, from average Americans producing goods and services. The 1% are the leeches and the 99% are the producers.

Thursday, October 27, 2011

Mitt Romney Used To Have a Heart Now He is Running as a Far Right Conservative - Romney Supported President Bush’s Government Program To Refinance Mortgages


































Mitt Romney Used To Have a Heart Now He is Running Far Right Conservative - Romney Supported President Bush’s Government Program To Refinance Mortgages

This week, in an attempt to boost the economy without having to deal with Congress, the Obama administration announced an overhaul of its mortgage refinancing program known as HARP. The changes will allow more people to take advantage of low interest rates, freeing up more money for them to spend elsewhere.

As we noted yesterday, this idea is supported by 2012 GOP presidential hopeful Mitt Romney’s top economic adviser, Columbia University’s Glenn Hubbard. Hubbard called Obama’s refinancing plan “a big deal.” “It looks like a good plan; I’m glad they’re doing it,” he said. And as it turns out, Romney himself supported a refinancing plan when President Bush announced one in 2007.
In late August 2007, as the subprime mortgage crisis built up, Bush introduced an initiative overseen by the Federal Housing Authority to “help struggling homeowners find a way to refinance” and stem foreclosures. According to Bush, while it was “not the government’s job to bail out speculators,” there were a lot of homeowners “who could get through this difficult time with a little flexibility from their lenders or a little help from their government.”

A week later, during an interview with Hugh Hewitt, Romney professed no concerns about the program:

    Well, the President has taken action that should calm a good portion of the market, which is he said look, these people who borrowed money from the sub-prime world with these reset provisions, where the payments go up in later months, and they were told by their mortgage banker in many cases don’t worry about that, we’ll refinance it when that time comes, well, now the mortgage banker’s gone, they can’t refinance it. And so he’s saying, the President’s saying let’s have the FHA refinance these mortgages. It’s not a bailout, but it is a setting which gives people stability, and will calm the markets to a certain degree.

In an interview last week with the Las Vegas Review Journal, Mitt Romney opined that the Obama administration has no right to provide assistance to homeowners facing foreclosure, saying that the foreclosure process ought to “run its course and hit the bottom.

However, he did add, “I think the idea of helping people refinance homes to stay in them is one that’s worth further consideration.” So given his prior support for the idea, is Romney on board with the administration’s effort?

Romney keeps drifting back towards being moderate when far right-wing conservatives who control the Republican Party like a brain dead cult want absolute purity. They don't want to help people stay in their homes, but have no problem with too big to fail banks reaping near pre-recession profits. How is it that Wall Street gets government backing and homeowners - who are not responsible for losing $17 trillion of America's wealth get all the protection conservatives can provide.

Saturday, October 22, 2011

Because The American Middle-class Deserves a Future, We Are All Occupiers Now - The Mainstreaming of OWS




Because The American Middle-class Deserves a Future, We Are All Occupiers Now - The Mainstreaming of OWS

Perhaps the most significant mainstream supporters, though, are the only two most Americans have heard of. “Despite the Times’s finger-wagging that the movement is often muddled and misinformed, none of that is the point. The point is justice,” writes self-help guru Deepak Chopra, who visited Zuccotti Park and led meditations to help protesters turn “anger into awareness.” Suze Orman, who has made millions telling feckless consumers how to pay down debt and live on a budget, sounds like she’s channeling Naomi Klein: “To deride the movement because it has yet to formulate a well-delineated platform says plenty more about the critics than the protestors,” she wrote in the Huffington Post. “Revolutions tend to be messy, especially in the early going. The unholy alliance of much of Congress, K Street and Wall Street that has set the agenda from day one of the financial crisis is simply trying to protect its turf by casting aspersions on the ad hoc nature of the movement to date. I suppose I shouldn’t expect anything less. After all, there’s no way they could stage a substantive rebuttal based on facts.”
 After the New Deal, essentially starting Reagan America embarked on that great experiment known as trickle down or voodoo economics. That didn't work out so well for a middle-class that had enjoyed annual growth under New Deal policies. Time to correct course, start rewarding work instead of wealth.

Alleged ‘Skills Gap’ Takes Spotlight Off Who’s to Blame for Massive Jobs Shortageby Roger Bybee


Perhaps far too much attention has been devoted to the government role in job creation and retention, when American CEOs need to demand more from their employees and from the U.S. educational system to solve the jobless problem over the long term, this narrative suggests.

But in reality, this whole “Education, Training, and Skills” narrative serves to divert attention from the massive shortage of jobs and Corporate America's misdeeds to “failing” teachers and supposedly under-educated workers. Corporate America has failed to produce virtually any net gain in U.S. jobs since 1999; the period was the only decade when U.S. employment grew by less than 20 percent.

In short, the Education, Training and Skills "frame” on our economic problems plays several useful functions for the CEOs and the rest of the richest 1 percent. It takes the spotlight off CEOs' decisions to wipe out decent-paying job opportunities. As Gordon Lafer writes in The Training Charade,

    Workers are encouraged not to blame corporate profits, the export of jobs aboard, or eroding wage standards—that is, anything that they can fight—but rather to look inward for the source of their misfortune and the seeds of their resurrection.
Everyone, especially conservative loons like Herman Cain, Rick Perry and the conservative bloggers want America to blame anyone except corporate America for unemployment.


Tuesday, October 18, 2011

What Liberal Media - Most of President Obama's Accomplishments Go Unreported






























What Liberal Media - Most of President Obama's Accomplishments Go Unreported

The teeming crowds of supporters who had cheered candidate Barack Obama’s agenda for “change you can believe in” receded quickly. The 2008 presidential election energized Americans who had never participated in politics before, particularly the young and minorities, and it attracted the interest and hopes of many independents, people who are usually less engaged in the political process. Once elected, the young president held to his word and pursued transformations in American social policy — healthcare reform, new tax breaks, and enhanced aid to college students — that vast majorities of Americans had long told pollsters they favored. Despite the usual travails of the legislative process, exacerbated in 2009 and 2010 by greater political polarization in Congress than at any other point in the post–World War II period, within 15 months Obama had already achieved much of what he set out to do on these issues. Yet Americans generally seemed unimpressed and increasingly disillusioned. The problem was that most of what was accomplished could not be seen: It remained invisible to average citizens.

The public had no trouble noticing the jockeying of special interests that sought favored treatment in legislation — that was plain to see — but the majority of Americans remained unaware of the contents of the president’s signature achievements, and they lacked a basic understanding of how they and their families might be affected by them. The first major piece of legislation that Obama had signed into law, the stimulus bill of February 2009, included a vast array of tax cuts: They totaled $288 billion, 37 percent of the cost of the entire bill. Among them, the Making Work Pay Tax Credit, one of his campaign promises, reduced income taxes for 95 percent of all working Americans. Yet one year after the law went into effect, when pollsters queried the public about whether the Obama administration had raised or lowered taxes for most Americans, only 12 percent answered correctly that taxes had decreased; 53 percent mistakenly thought taxes had stayed the same; and 24 percent even believed they had increased!

Healthcare reform represented Obama’s chief policy goal, and he expended a vast amount of political capital in pursuing it over his first 15 months in office. But in April 2010, just weeks after he signed the healthcare bill that extended coverage to the vast majority of working-age Americans and prohibited insurance companies from denying coverage to people who are ill, 55 percent of the public reported that they would describe their feelings about it as “confused.”

That same legislative package also contained sweeping changes in student aid policy that aimed to help more people attend college and complete degrees. Yet when Americans were asked how much they had heard about these changes, only 26 percent reported “a lot,” while 40 percent said “a little,” and fully 34 percent said “nothing at all.”

All told, the public seemed largely oblivious to the president’s major policy accomplishments.

While many who had voted for Obama grew complacent, grassroots mobilization emerged from another quarter, the insurgent Tea Party movement. Wielding placards at protests on tax day, town hall meetings and other public events, its supporters decried what they termed “government takeovers” of healthcare and student loans. At a gathering in Simpsonville, S.C., in August 2009, one man told Republican Rep. Robert Inglis, “Keep your government hands off my Medicare.” Inglis said later, “I had to politely explain that ‘Actually, sir, your healthcare is being provided by the government,’ but he wasn’t having any of it.”

While as of March 2010 only 13 percent of Americans reported that they considered themselves “part of the Tea Party movement,” nonetheless the frustration that it embodied resonated with growing numbers of Americans: 28 percent considered themselves supporters.

With the content of Obama’s legislative accomplishments appearing so opaque and incomprehensible even as the calls of opponents resonated loud and clear, most Americans registered reactions that were tepid at best, and many grew increasingly hostile. By the fall of 2010, 61 percent of likely voters told pollsters they favored a repeal of healthcare reform.

It was a sharp contrast to the warm reception given to sweeping social welfare laws achieved by earlier presidents. After Franklin D. Roosevelt signed into law the Social Security Act of 1935, 68 percent of the public voiced support for its “contributory old age insurance plan … which requires employers and workers to make equal contributions to workers’ pensions” — even though its benefits were not scheduled to begin for six years.

When Congress passed Lyndon Baines Johnson’s plan for Medicare in 1965, strong majorities repeatedly said they approved of it, as high as 82 percent in a December survey that year.

Until Obama’s presidency, perhaps never before had major laws that aimed to improve the lives of vast numbers of ordinary Americans gone so unrecognized and unappreciated by so many.

What explains the public’s reticence, frustration and confusion? Certainly its reactions owe partly to the worst economic conditions since the Great Depression, with more than two years of near 10 percent unemployment. Some of the lackluster response was inevitable, furthermore, given the sheer scope and complexity of the policy tasks Obama took on. And a share of the blame belongs to his administration’s own public relations efforts, which many observers considered underwhelming. Yet while each of these commonly cited factors undeniably played a role, they do not, by themselves, explain Americans’ blasé response to major social policy accomplishments that reflected broadly shared values. Historical comparisons make this evident. The public voiced its high approval for the Social Security Act of 1935, for example, when the nation was still mired in the Great Depression and when twice the proportion of Americans, 20 percent, remained jobless. That legislation was also multifaceted and complex, and it was even more novel for the United States than the 2010 healthcare package, marking the first major involvement of the U.S. federal government in social provision for people besides veterans and their relatives.

The main difference confronted by Obama emanated from the types of policies that he sought to reform, ones that generate particularly formidable obstacles. Any leader who seeks to transform “politics as usual” is bound to confront resistance — challenges emanating from the policies, practices and institutions already in place.

But the nature and difficulty of the task vary depending on the particular goals that reformers select and the historical context in which they pursue them. Roosevelt confronted a political landscape that presented its own challenges — not least, a Supreme Court that served as a major roadblock to his policy ambitions. His administration had to attempt to fashion policies that would circumvent the court’s reach and to build as much as possible on what already existed, such as social policies adopted by some states. But Obama’s policy agenda, in the current political context, requires him to engage in a struggle more akin to that undertaken by Progressive Era reformers, who had to destroy or reconstitute deeply entrenched relationships if they were to achieve change.

He could not follow the path of Roosevelt, finding a way around political obstacles or merely building on top of what existed; rather, he had to find ways to work through them, by either obliterating them or restructuring them.

This is because Obama, given his policy agenda, had steered directly into the looming precipice of the submerged state: existing policies that lay beneath the surface of U.S. market institutions and within the federal tax system. Contrary to opponents’ charges that his agenda involved the encroachment of the federal government into private matters, Obama was actually attempting to restructure a dense thicket of long-established public policies, but ones that are largely invisible to most Americans — and that are extremely resistant to change. Efforts to transform these policies, which have become entrenched fixtures of modern governance, generate a deeply conflictual politics that routinely alienates the public, hindering the chances of success or the sustainability of the reforms.

The “submerged state” includes a conglomeration of federal policies that function by providing incentives, subsidies or payments to private organizations or households to encourage or reimburse them for conducting activities deemed to serve a public purpose. Over the past 30 years, American political discourse has been dominated by a conservative public philosophy, one that espouses the virtues of small government. Its values have been pursued in part through efforts to scale back traditional forms of social provision, meaning visible benefits administered fairly directly by government. In the case of some programs geared to the young or to working-age people, the value of average benefits has withered and coverage has grown more restrictive.

Ironically, however, the more dramatic change over this period has been the flourishing of the policies of the submerged state, which operate through indirect means such as tax breaks to households or payments to private actors who provide services. Since 1980 these policies have proliferated in number, and the average size of their benefits has expanded dramatically.

Most of these ascendant policies function in a way that directly contradicts Americans’ expectations of social welfare policies: They shower their largest benefits on the most affluent Americans. Take the Home Mortgage Interest Deduction (HMID), for example, which is currently the nation’s most expensive social tax break aside from the tax-free status of employer-provided health coverage. Let us assume that a family buys a median-value home and to finance it borrows $230,000 at an interest rate of 6.25 percent for 30 years. The richer the household, the larger the benefit: In the first year, the average family, with an income between $16,751 and $68,000, would owe around $3,619 less in taxes; those in the next income group, with earnings up to $137,300, would reap an extra $5,146; and so forth, on up to the wealthiest 2 percent of families, with incomes over $373,650, who would enjoy a savings of $6,673. Of course, in reality, these differences are likely to be much greater. Low- to moderate-income Americans usually do not have enough deductions to itemize, so they would forgo this benefit and receive instead only the standard deduction. Meanwhile, the most affluent are likely to purchase far more expensive homes; if a family in the top income category opts for a more upscale home and borrows $500,000 for a mortgage, it will reap a benefit of $14,506 from the HMID; if this family purchases a truly exclusive property and borrows $1 million for a mortgage, it will qualify to keep a whopping $29,012!

This pattern of upward redistribution is repeated in numerous other policies of the submerged state: Federal largesse is allocated disproportionately to the nation’s most well-off households. Such policies consume a sizable portion of revenues and leave scarce resources available for programs that genuinely aid low- and middle-income Americans.

Yet despite their growing size, scope and tendency to channel government benefits toward the wealthy, the policies of the submerged state remain largely invisible to ordinary Americans: Indeed, their hallmark is the way they obscure government’s role from the view of the general public, including those who number among their beneficiaries. Even when people stare directly at these policies, many perceive only a freely functioning market system at work. They understand neither what is at stake in reform efforts nor the significance of their success. As a result, the charge leveled by opponents of reforms — that they amount to “government takeovers” — though blatantly inaccurate, makes many Americans at least uncomfortable with policy changes, if not openly hostile toward them.  ***Rest of the article continues at the link.

What with internet access to many government sites and public policy think tanks if the public, especially right-wing conservatives uses the internet at all it is go to sites whose bias is evident in the serial lies that tell about Obama and Democrats. Some minds are simply closed to the truth and new ideas. The example above of the tea nut who wanted government to keep their hands off his Medicare is a good example - Medicare is a government health insurance program, what conservatives derisively call an entitlement program. It is an entitlement because individuals pay for it through their payroll taxes. It is not a government giveaway. It is not giving anyone a free ride.

The Latest Desperate Smear Of Occupy Wall Street Protests: The Nazis Like Them

The American Nazi Party put out a statement on Thursday that was supportive of the Occupy Wall Street protests. Rocky Suhayda, the party's chairman, said, "My heart is right there with these people."

The right-wing blogosphere saw an opportunity to associate the protests with Nazis, and the pile-on began. The Blaze quoted the statement, as did Fox Nation and Gateway Pundit blogger Jim Hoft.

On the Monday edition of Fox News' flagship "straight news" program Special Report, anchor Bret Baier also treated this endorsement as if it were significant:

Interesting fact about Suhayda: During the 2008 presidential campaign, he declared his preference for Barack Obama over John McCain.

In a June 2008 piece, Esquire magazine interviewed Suhayda along with three other white supremacists -- and three of the four preferred Obama. Esquire also interviewed a black nationalist who chose McCain.

Similarly, an Al Qaeda affiliate expressed its hope that George W. Bush would win re-election in 2004, and an Al Qaeda website offered its support for McCain in 2008.

So, does this mean that Obama is just like the Nazis, or that Bush shares Al Qaeda's goals, or that McCain is a black nationalist?

Of course not. These are all ridiculous associations to make. Fringe groups make provocative comments like this all the time, often in the interest of attracting publicity.

The right-wing media's promotion of Suhayda's statement reveals an agenda that is dead-set on delegitimizing the message of the protests, to the extent that they're willing to employ comically flimsy logic in an attempt to do so.

Reminder: If a Nazi says something nice about you, that doesn't make you a Nazi.


Tuesday, October 11, 2011

Five Myths About The Economy That Conservatives Keep Repeating

















Five Myths About The Economy That Conservatives Keep Repeating

The Top Five

Here are five “conventional wisdom” doses of economic nonsense that we have been fed:

1. Business does everything better than government ?

Corporate conservatives argue that businesses and their one-dollar-one-vote system of decision-making is better and more efficient than We, the People's government and its one-person-one-vote system. They argue that constant competition, placing companies under constant fear of going under and people under constant fear of job-loss, focuses the mind like a pending execution. They say it leads them to do only what they should be doing and no more, in the best possible way, always looking for the best and most “efficient” ways, forcing innovation to occur.

But as we have seen, what actually happens in this kind of dehumanized “Force You” system (as in “F.U.”) is that businesses are forced to cut every corner, cheapen every product, cut out every service, lay people off, cut people’s wages while adding hours, gut benefits … and probably go under anyway because when every business does the same 99 percent of us can’t afford to buy or do things anymore.

The effect on people (human beings – remember them?) is worse. Stress-induced illness is rampant in our fear-based society. People do not get sufficient sleep, skip vacations, work long hours, spend less time with their families, spend very little time in nature, and the rest of the things that make us human.

This idea that people are best when operating under constant fear is similar to the conservative mantra that everyone should carry a gun because then you have “a polite society.” Perhaps constant fear and stress keeps people on their toes and makes them “behave” but in the long run it’s just no way to live.

Another “feature” of this top-down, one-dollar-one-vote, “market” system that the corporate conservatives advocate is that only those at the top levels of the corporate/financial ladder make the decisions for, and receive the benefits of, society. This is great if – and only if – you are in that 1 percent. But one-person-one-vote, democratic government decision-making means all of us have an equal say with equal access and equal opportunity, and society operates for the benefit of all of us.

2. Rich people are “job creators.”?

This is the old “trickle-down” idea -- that if you give enough money to the already-rich eventually some of that money will trickle down to the rest of us. This is also called the “getting peed on” theory of economics.

The basis of this thinking comes from the theories of Ayn Rand, who argued that society consists of “producers” and “parasites.” Rand’s fundamentally anti-democratic ideology says that democracy is a form of “collectivism” in which people who don’t want to work and produce use their numbers to steal from a gifted few who are the “producers” of goods and services. Rand’s followers claim that wealthy people are rich because they “produce.” The rest of us are “parasites” who “take money” from the productive rich, by taxing them. This revenue is “redistributed” to the parasites to pay for our “entitlements.”

They say that if wealthy people have more money they will use that money to start businesses and hire people. But anyone with a real business will tell you that people coming in the door and buying things is what creates jobs. In a real economy, people wanting to buy things – demand – is what causes businesses to form and people to be hired.

History – and a quick look around us today – shows that when all the money goes to a few at the top demand from the rest of us dries up and everything breaks down.  Taxing the people at the top and reinvesting the money into the democratic society is fundamental to keeping things going.

3. Government and taxes take money out of the economy?

Yes, they actually say that government and taxes “take money out of the economy.” They argue that the money government collects is a) pocketed by politicians; or b) stuffed under a giant mattress; or c) is just wasted.

In reality the taxes that government collects are invested in the “public structures” that create the prosperity and lifestyle we enjoy – or at least did before taxes were cut. Tax revenue builds the infrastructure of transportation, courts, schools, universities, research facilities and other institutions that enable our businesses to grow and prosper and the consumer protection, safety inspection, water and sewer, health, parks and arts that help us live and enjoy our lives.

But there is a powerful reason for people to feel the government does seem to be providing value for the money it costs us: so much of the federal budget goes to military and military-related spending. Spending on wars, the "Defense" department (military), intelligence, nuclear weapons, veterans, and related budget items (including interest on money borrowed for past military spending) is a significant portion of the budget, and people instinctively feel that the country is not getting back services that match what they are putting in.

High top tax rates also reduce the incentive to be greedy and destructive, which can overcome many of us and make us do things we shouldn’t. Cutting top tax rates in the '80s forced a change in business models away from long-term planning and building wealth by building sustainable businesses over decades. Instead, since you could take home a fortune overnight, it made more sense to go for the get-rich-quick, sell-the-farm-style schemes so prevalent today.

4. Regulations Kill Jobs?

Corporate conservatives say that “government just gets in the way” and costs money, which leaves less room for hiring. This is a corollary to the “business knows best” argument and to the idea that society consists of a few “producers” who are inherently superior to the masses of people. The thinking is that We, the People don’t know what we are doing, and businesses with their top-down structure will do the right thing more efficiently.

Those engaged in a business do know the business better than outsiders.  But regulations that protect the public, employees and the environment govern how the actions of businesses affect the rest of us.  A business wants to make a profit, and will only care how regulations affect that goal.  It makes sense for government to set up regulations because the rest of us are concerned about the larger world of the rest of us, and therefore understand more clearly how the actions of a business will affect the rest of us.

In may cases regulations keep businesses from doing things that kill jobs – and people.


5. “Protectionism” hurts the economy.

Corporate conservatives argue that “free trade” is always good under all circumstances. They say we get lower prices and our businesses are able to reach more customers. Of course trade can be a wonderful thing, increasing the standard of living on both sides of the trade border.

But the trade deals of recent decades have not been free or fair, and can’t really even be called “trade.” What has happened is countries sell to us but do not buy equally from us, causing huge trade deficits that have drained our economy and our jobs and our wages. Instead of increasing prosperity they have been used to increase exploitation of working people and the environment for the benefit of a wealthy few.

Our prosperity is the fruit of our democracy. 

Conservatives say that it is good that businesses in countries like China are more competitive because they don’t have a lot of regulations to comply with. Countries where the people have little say in things don’t have to spend the money to pay minimum wages, keep the environment clean, keep workers safe and keep products up to standard and they don’t have to worry about lawsuits. They are more “efficient.” So they can charge less.

Conservatives who argue that we should have less regulation, lower wages, fewer benefits, fewer consumer, worker and environmental protections are really arguing that we should abandon democracy. By opening our borders to goods made where people do not have a say we made democracy a competitive disadvantage.

Fed Up With the Nonsense

So as we see all around us today, the economic conventional wisdom nonsense that we were force-fed for decades didn’t work, messed things up, and people finally got fed so much if it that they are fed up. The #occupy crowd got fed up and showed up. They sleep in the park and on sidewalks, marched, and took the batons and pepper spray that seem to always come at us when we protest. They persisted, and awakened the rest of us. Now it has spread to cities across the country.

They shook loose from the shadow-fog of propaganda that shrouds us from morning to night, from radio to TV to newspaper. They didn’t prepare a media strategy with a savvy focus-group-tested message targeting key demographics. They didn’t care how they looked or how they would be seen. They didn’t care what the media would say. They certainly didn’t care what Wall Street would do. They saw clearly where the problem is, and decided to just go ahead and do something.

They said that what is going on is wrong, it is bad, it is hurting people, and that they were not going to put up with that for one more minute. They said it is time to be citizens not consumers.  They are choosing to have some meaning in their lives beyond just being worker bees helping perpetuate a destructive system.

So they decided to “occupy Wall Street” in the name of the 99 percent of us who have been losing out in this economy, and the honesty and clarity of that has caught on.

    “No one is confused about the message. Wall Street got bailed out; Main Street was abandoned. The top 1% rigs the rules and pockets the rewards. And 99% get sent the bill for the party they weren't even invited to.” – Robert Borosage

    Poets, priests and politicians
    Have words to thank for their positions
    Words that scream for your submission
    And no-one's jamming their transmission
    And when their eloquence escapes you
    Their logic ties you up and rapes you

    -“De Do Do Do De Da Da Da,” The Police
When is the last time you heard someone in big corporate media challenge any of these conservative myths. The reason we hear so much news about scandals and missing persons ( stories worthy of coverage, but not the over done exploitative coverage we get) is because those stories take up lots of air time and are easy to cover. The corporate media also tend to act like the most popular kids in school, they don't want to do or say anything that goes against the conventional wisdom because it would put a dent in their popularity.

Monday, October 10, 2011

Herman Cain Owned and Operated by the Koch Brothers
















Why Herman Cain Is The Koch Brothers’ Favorite Presidential Candidate

Former pizza executive Herman Cain’s rise to the top of the Republican presidential pack will undoubtedly put smiles on the faces of two brothers: Charles and David Koch.

The Koch Brothers are infamous for using their billions to finance the Tea Party and helping to gut business and environmental regulations. They have not been shy about influencing conservative politics, both through large direct contributions – the Kochs have pledged to raise $88 million for the 2012 election – and funding corporate front groups like Americans for Prosperity.

Though the Kochs have not made a public endorsement in the Republican presidential contest, Herman Cain’s rise from niche radio host to presidential frontrunner appears to have been largely fueled by the Koch network. From Cain’s early foray into politics to his presidential campaign speeches to his top staff, the former pizza executive has had close, consistent ties with the Koch Brothers.

Given the extensive connections between Herman Cain and the Koch Brothers, ThinkProgress asked the former pizza executive about his thoughts on David Koch back in March. Cain called David Koch — as well as his brother Charles — a “patriot”:


Here is a rundown of the numerous ways in which Cain and the Kochs have worked hand-in-hand for years to advance corporate-friendly conservative policies:

    - Cain held an official position in the Koch-funded group Americans for Prosperity: Dating back to 2005, Cain led Americans for Prosperity’s new “Prosperity Expansion Project.” The position allowed Cain to barnstorm the country, giving speeches, holding town halls, and sharpening his skills for an eventual presidential bid.

    - Cain’s campaign manager is the former president of Koch-funded Americans for Prosperity Wisconsin chapter: Prior to becoming Cain’s campaign manager and chief of staff, Mark Block served as the president of Americans for Prosperity’s Wisconsin chapter. At the same time Block was serving in that position, he is credited with “talk[ing] Herman Cain into running for president”. As AFP-Wisconsin president in 2006, Block even tried to convince Cain to run for president in the 2008 election because of the former pizza executive’s rousing speeches at Americans for Prosperity events. Block has a history of electoral dirty tricks and once fined $15,000 for violating Wisconsin election law.

    - Cain attended the Koch Brothers’ private biannual meeting in Palm Springs: In January, the Kochs hosted one of their biannual meetings of top corporate and political figures in order to coordinate strategy and raise money for the conservative movement. Cain was among the small group of conservative politicians invited to attend.

    - Cain traveled to Wisconsin in support of the Koch-funded union-busting bill: During the apex of the fight in Wisconsin over Gov. Scott Walker’s (R) union-busting bill this spring, Cain traveled to the Badger State to support the conservative power-grab, speaking at a rally in February. The Koch brothers were major players in Wisconsin’s anti-union push.

    - Cain headlined a Koch-funded anti-climate rally in New York: As other presidential candidates focused on glad-handing with voters in Iowa and New Hampshire, Cain took time out in June to travel to New York and headline a Koch-backed anti-climate rally. The rally, held by Americans for Prosperity, protested New York’s involvement in the Regional Greenhouse Gas Initiative, an important project to fight global warming that has been long-opposed by the Koch Brothers.

    - Cain was a featured speaker at the Koch-funded RightOnline conference: Cain has been a featured speaker at RightOnline, the Koch-backed conservative conference, for the past two years.

The Koch Brothers’ investment in Herman Cain appears to already be paying dividends in advancing their corporatist agenda. Cain has centered his presidential bid around the “999? economic plan, an enormous corporate giveaway that would reduce companies’ income tax rate from 35 percent to 9 percent. Not only would Koch Industries reap massive benefits, but the Koch Brothers themselves — already tied for the fourth richest people in America — would personally see their tax rates fall from approximately 28 percent to around 11 percent.

Cain and the Koch brothers have a lot in common. One of the biggest items on their radical conservative agenda is to transform America into a modern day plantation where workers are only technically free. American workers would be stripped of all rights, unions would be banned, this working class folks would be even more wage slaves than they are now. The cherry on top would be a 9 percent sales tax on in addition to the sales taxes medium and low income workers are paying now. Why? So that billionaire special interests like the Koch brothers can make even more money for exerting no more effort than getting up and going to the office to sit behind their desks.

Tuesday, September 20, 2011

Myth of the Month - Higher Taxes on The Rich Kills Jobs


















6 Dumb Arguments Against Taxing the Rich, ExplainedDebunking the conservative case against making the rich pay their fair share

On Saturday, the Obama administration unveiled the "Buffett Rule [1]," a proposed tax on millionaires and billionaires named after celebrity investor Warren Buffett, who has long argued that the federal government should demand more of the wealthy. The millionaires tax is certain to become a major point of contention in the 2012 presidential campaign, and Republicans have wasted no time in heaping it with calumnies. Here are the six most popular conservative arguments against a progressive tax code, and why they're wrong:

It's class warfare! [2]
Yeah right. Three decades of laissez-faire economic polices have allowed the rich to double their share of the national income while paying tax rates a fifth lower than before. The result, notes Kevin Drum [3], was "wage stagnation for everyone else, a massive financial collapse that ravaged the middle class, an enormous deficits that they'll be asked to pay off eventually." If the millionaires tax is the only blowback, the wealthy should count their blessings.

It's a tax on small business [4]
"Don't forget that most small businesses file taxes as individuals," House Budget Committee Chairman Paul Ryan (R-Wis.) said on Fox News Sunday. "So when you are raising top tax rates, you are raising taxes on these job creators." Except when you aren't. ThinkProgress's Pat Garofalo points out [5] that fewer than 2 percent of the nation's small businesses fall into either of the top two tax brackets. Plus, many of the small business filers in the upper brackets are merely investors who have nothing to do with running the business. And if small businesses don't want to pay taxes as individuals, they can file always as corporations.

It reduces incentives to work and invest [6]
Experience shows otherwise. As Nancy Folbre points out [7] over at Economix, "average annual rates of growth in gross domestic product in the high tax era between 1950 and 1980 exceeded those of the last 30 years. Increases in the top tax rate under President Bill Clinton were followed by robust economic expansion."

The other reasons are at the link. Below are some links to the citations in the article.

[2] http://www.outsidethebeltway.com/obamas-millionaires-tax/

http://motherjones.com/kevin-drum/2011/09/paul-ryan-insults-our-intelligence-yet-again

5] http://thinkprogress.org/economy/2011/09/19/322193/small-business-taxes-lies/

[7] http://economix.blogs.nytimes.com/2011/04/11/taxing-the-rich/

Let's all ask ourselves a basic question - how did the wealthy get their money. The micro details may differ but the macro reasons are the same as they have always been. A big complex infrastructure such as the one the USA has makes it possible for business to do business. That infrastructure - roads, air traffic control, higher education, etc has to be paid for. Conservatives do not want the people who have become the richest to pay for their share of that complex infrastructure. The other big part of the macro picture is labor. If you're not an executive you're labor. Business cannot make money without labor. part of labor's compensation in a big free market like ours is roads, schools, firefighters, nurses, libraries, national parks and teachers. Those people and institutions must be paid for. Conservatives want it all for free. last I heard getting a lot of stuff for free was the worse kind of welfare.







Saturday, September 10, 2011

Republican Wuss of the Week - Why is House Budget Committee Chairman Paul Ryan (R-WI) Afraid of His Constituents



















































Republican Wuss of the Week - Why is House Budget Committee Chairman Paul Ryan (R-WI) Afraid of His Constituents

House Budget Committee Chairman Paul Ryan (R-WI), the author of the House GOP plan to phase out Medicare, does not like it when constituents publicly challenge him. In fact, people who disagree with Ryan have a habit of getting arrested for it. A few weeks ago, several of Ryan’s unemployed constituents staged a peaceful sit-in at his Kenosha, Wisconsin office to protest his unpopular decision not to hold any free public town halls during the August recess. These constituents didn’t think they should have to pay to ask their elected representative a question. Instead of meeting with them, Ryan’s staff called the police.

So it should come as no surprise that this week, three people who paid to see Ryan speak were arrested and charged with trespassing for protesting the event. One constituent, a 71-year-old retired plumber from Kenosha, Wisconsin, was handcuffed and pushed to the ground by security:

    Video footage taken by an attendee at the event shows that one of them, Tom Nielsen, received particularly harsh treatment — he was pushed to the ground and handcuffed. Nielsen received an additional charge of resisting arrest.

    Ryan was speaking Tuesday afternoon at the Whitnall Park Rotary Club. Protesters gathered both outside his event and inside, standing up and disrupting the congressman’s remarks.

    According to Oak Creek Patch, as many as a dozen protesters were escorted out of the event. Another dozen or so left willingly.

Ryan seemed supremely undisturbed that a senior citizen worried about receiving the Medicare he’s paid into his whole life was treated so brutally. Indeed, Ryan made light of the arrest and quipped to the audience, “I hope he’s taking his blood pressure medication.”

Watch it, courtesy of Wisconsin Jobs Now:

Another woman was shown the door when she challenged Ryan’s claim that the jobs crisis is directly related to the debt crisis. “Our debt is out of control because of the tax cuts you’re giving,” she said. “Our unemployment in 2003 was 6.2% before the tax cuts went through. Now our unemployment rate is 9.1%. What are you doing to create jobs, Congressman?” Another woman was escorted out when she stood up while Ryan was speaking and said, “You won’t talk to us. How can we give our opinions when you refuse to talk to us?”

Ryan has consistently faced angry constituents at his events since his Medicare-killing budget became a top GOP priority. Tired of being publicly embarrassed by constituents who voice their disagreement and say his policies are hurting them, Ryan has resorted to increasingly harsh responses to deal with people who have the audacity to speak up at his events.

I do have a question for the local police. I'm sure you're good folks but why are you acting as strong-arm bullies for this wussball Congress critter. That really is not your job. If one of them tries to physically attack Ryan that is another story. This people are just trying to get straight answers.

Monday, July 11, 2011

The Big Republican Lie of 2011 - We Have a "Spending" Problem







































No, we do not have a spending problem in general. We have a problem with runaway military spending and lack of revenue to pay for that military spending - We have a revenue problem, not a spending problem

The refrain that's won the day, apparently, for budget negotiators racing to see who can get the most praise from the Very Serious People for making the most Americans suffer under austerity, is "we having a spending problem." Not to put too fine a point on it: Bullshit.



Our deficit and debts can be traced to the fact that spending on entitlement programs and defense has shot up, and tax revenues have plummeted to their lowest level in decades. But spending on domestic discretionary programs has grown much more slowly. And, if you correct for inflation, and for growing population, it turns out we're spending exactly the same amount on these programs as we were a full decade ago....

"Although non-defense discretionary spending in nominal dollars has increased, when taking inflation and population growth into account the amount contained in the [2011 budget] represents no increase over what we spent in 2001, a year in which we generated a surplus of $128 billion," said chairman Daniel Inouye (D-HI) in a prepared statement. "So the right question to ask is: Are we really spending too much on non-defense programs? The answer is clearly no."

...In the wake of the Bush tax cuts, and the Great Recession, tax revenue has fallen through the floor to near-historic lows. As a percentage of GDP, it's fallen 24 percent since 2001, and if you correct for inflation, the government is collecting nearly 20 percent less per person than it was a decade ago. At the same time, the population-adjusted costs of mandatory spending programs—driven by Medicare, including its new prescription drug benefit, and Medicaid—have increased by over 30 percent. And, of course, defense spending has skyrocketed. But if you isolate domestic discretionary programs, a decade later we're spending no more on a per-person basis than we were back then.

What has increased? Health care spending, but at a rate that would have nearly been covered by massive loss of revenue in the past decade. TPM took the numbers from the Committee and "put them in a slightly different context, so you can see by what percentage spending and revenues have risen and fallen on a population adjusted basis over the last decade."
spending/taxes graph

As they say, it clearly shows "what is and is not the culprit of deficits and our supposedly out-of-control spending."
It just seems to be a bad habit picked up by the media and Congress to include Medicare - which they call an entitlement into the spending debate that includes general federal tax revenue. Medicare has its own separate fund paid for with working folks payroll taxes. The vast majority of the debt would disappear tomorrow if the Bush tax cuts for millionaires was trashed. That is a simple fact. What would happen to those poor millionaires? They would simply be paying the same taxes they paid during the Clinton boom years. We do not have a debt crisis. We have a revenue crisis. We also have a crazy irresponsible far right-wing un-American Republican party crisis, because they are putting the interests of a few millionaires above the interests of the country.

More here, We Have A Revenue Problem!