Now that we’ve disentangled the quantum data, my mind has been struggling to reassemble and compartmentalize the various strings from that theory. Or perhaps it’s just my political junkie nature which is causing me to shake and tremble so violently from the confusing current events and media spin?
In the Hall of the Mountain King – Christian Elsässer
What Difference a Day Makes – Dinah Washington
Confusion – Fela Kuti
Who Do You Love – Bo Diddley
Time Is Marching – John Lee Hooker
A Foggy Day – Billie Holiday
In A Silent Way / Shhh Peaceful / It’s About That Time (Bill Laswell Mix) – Miles Davis
Il Ricordo Di Serena – Riz Ortolani
Neurotico – Sergio Mendes
Inutil Paisagem (Useless Landscape) 3’11 – Antonio Carlos Jobim
Cubano Chant – Art Blakey
Mara-Jat’s Love – Alberto Baldan Bembo
Machine Gun – The Jimi Hendrix Experience
Nautilus (Rob Swift Scratch Remix) – Bob James
Look To The Sun – Guru
Bridge on the Ninth Dimension – Sun Ra
I Love You More Than You’ll Ever Know – Blood, Sweat & Tears
Whole Lotta Love – Ike & Tina Turner
The Thrill is Gone – Chet Baker
A Very Precious Time – Gil Scott Heron and Brian Jack
A look at the electoral map reveals that America isn’t mostly red or blue, but largely purple. Something that we’ve known for some time on this show, and will continue to represent going forward. After all, if you’re going to drink somebody’s Kool-Aid, purple is the best flavor.
American voters rejected voter id, racist rhetoric, class war politics, and saw that Obama’s efforts to stimulate the economy were working (slowly) and needed more time to honestly kick off.
We must avoid a false “centrism” that has been pulled to the right along with the other loud loonies, and dispel with notions of compromise that are actually false dilemmas.
As Bill Maher put it, “There’s no third term, Mr. President, so you may as well throw caution to the wind, ’cause it’s not like we’re using it to produce energy.” Because “if not now, when?”
Americans aren’t stupid. And we know what to expect. A national CNN/ORC poll found that the expectations for Congress in the budget showdown are low, with two-thirds of respondents saying they expect lawmakers to act like ”spoiled children,” not “responsible adults,” during the negotiations.
77 percent of those surveyed also said they believe they would be personally impacted if the country is allowed to go off the “fiscal cliff” – but if that happens, 45 percent said they would blame Congressional Republicans, as opposed to 34 percent who would blame Obama.
AlterNet covers the various social programs that are being threatened by our esteemed leaders:
- Medicaid ( $258 billion ): Though Obama has largely targeted providers for potential Medicaid cuts, Republicans want beneficiaries to fork over more. In which case, says Kogan, patients might be forced to make copayments, or program costs may be shifted to the states, which could decide to scale back coverage.
- Food Stamps ( $78 billion in 2011) : The Supplemental Nutrition Assistance Program serves about 45 million people . It is not part of discretionary spending, but Ellen Nissenbaum, senior vice president for government affairs at CBPP, toldThe Nation it faces a real prospect of being cut in negotiations.
- Supplemental Security Income ( $47 billion ): Social Security itself is mostly off the table, but Supplemental Security Income for the blind, elderly, and disabled, is likely to take a hit
- Pell Grants ( $36 billion ): These need-based grants help some 10 million low-income students afford college.
- Title 1 Education Grants
- Section 8 Housing Assistance
- Job Training
- Head Start
- Low-Income Home Energy Assistance Program
- Community Health Centers
- Women, Infants and Children ($8.9 million in 2011): The Department of Agriculture’s WIC programhelps low-income moms and babies get access to supplemental nutrition and health care referrals. WIC has about 9 million participants , most of whom are kids.
The entire debate is stupid. Obama won the election based (partly) on promises raise taxes on the extremely wealthy, but Republicans would rather hock damaging “entitlement reform” than raise taxes one penny. In other words, “asking old people to work longer and accept less in return.”
Cutting (or “reforming”) Medicare in response to a pseudo-crisis invented by Congress would be an effective way to prove that liberal conspiracists are correct when they claim that all deficit hysteria is merely an excuse to roll back social insurance programs.
Any “serious” and “responsible” discussion must love austerity and upward-redistribution. Any precondition for cooperation is for Democrats to support Bush-era tax rates (which we are still in, btw)!
According to the conventional wisdom, any grand bargain should be modeled on plans like the Bowles-Simpson plan or the Rivlin-Domenici plan — financing lower tax rates on the rich by closing tax loopholes and cutting Social Security and Medicare. Social Security does not and cannot add to the deficit, and both programs only need minor tweaks, but are overall sustainable for decades.
But there is no evidence that the low tax rates on the wealthy encourage them to spend or invest, no evidence that higher tax rates would deter the spending and investment that they might otherwise do.
Via The Next New Deal:
The Simpson-Bowles budget balancing plan seems to have become the common-sense standard for dealing with America’s future budget deficits. this move toward the right is dangerous to the future of the nation and essentially cruel—far more dangerous than the level of the deficit over the next 15 years. The commission proposed cuts in Social Security benefits of 15 percent for medium earners, for example. The right-wing Heritage Foundation spawned many of their ideas, and any progressive notions like those of Paul Volcker or Warren Buffett, seem to be watered down or cut out or ignored.
But these lies that the rich promote growth and that America can’t afford the Social Security that we’ve already been paying into are repeated often enough that they become ‘Beltway wisdom’. But no amount of repetition will turn them into facts.
The United States needs a middle-class welfare state that is bigger, not smaller. It’s the restricted, elitist private welfare state that needs to be cut, not the universal public social insurance system. Most industrial nations do not rely as heavily on private over public programs as we do here (retirement security and health care are prime examples). Deficit hawks would make cuts to stingy social security benefits, leaving the poor, the old, and the laborers to the mercy of their employer’s fickle pension programs, 401Ks and IRAs.
George Bush failed to privatize our social programs due to public outrage and popular outcry, but the con artists are still trying to take what little pittance is left form the elderly, compelling them to gamble their savings in the private markets and mutual funds.
Their objective is to compel Americans to try to make up the losses in public benefits by gambling more with their savings in mutual funds, from which hefty profits will be skimmed by overpaid money managers. Meanwhile, unscrupulous money managers capture many of the returns from private investments for themselves via deceptive fees. Wall Street wants to charge fees on as much of our programs as it can.
Furthermore, there is no looming crisis of debt or deficits, such that sacrifices in general are necessary. None. Not in the short run – as almost everyone agrees. But also: not in the long run. What we have are computer projections, based on arbitrary – and suspicious – assumptions. CBO has adjusted its interest rate forecast, and even under its “alternative fiscal scenario” the debt/GDP ratio now stabilizes after a few years.
There is no looming crisis of Social Security, Medicare and Medicaid, such that these programs must be reformed? There just isn’t! Social insurance programs are not businesses. They are not required to make a profit; they need not be funded from any particular stream of tax revenues over any particular time. Reasonable control of health care costs – public and private – is necessary and also sufficient to keep the costs of Medicare and Medicaid within bounds, but none of our politicians are speaking about this.
They are more concerned about military sequestration, even though Pentagon spending is already set to decline as we adjust our military programs to our national security needs.
“Social Security doesn’t add a penny to the debt and should not be part of any deficit reduction talks.” ~Sen. Dick Durbin
“cutting Social Security and Medicare for the sake of an arbitrary and needless budgetary reduction of $4 trillion and as a “solution” to an entirely contrived fiscal crisis is bad policy. It is bad economic policy and worse social policy. And for Democrats, it is dumb politics. If Republicans want to be the ones to attack America’s two most valued social programs, Obama should let them go right ahead—until they march off their own fiscal cliff.” ~Rob Kuttner
Medicare and Medicaid aren’t “chief drivers of the deficit”; Bush tax cuts and two unfunded wars are. The best solution to deficits is to let all the Bush tax cuts lapse and not cut spending at all, while taxing capital gains and dividends as regular income. This would raise some $2 trillion, which the Center for Budget and Policy Priorities argues would be enough deficit reduction to stabilize the national debt.
Even ignoring that it was entirely invented, the “fiscal cliff” is not even a cliff. All of the tax and spending cuts “scheduled” to take effect Dec. 31 will take effect gradually, and can be reversed by Congress.
Why try to make a deal with this Congress, anyway, when the next one will have more Democrats, and most important, more liberals, on both the House and the Senate side?
The Brookings Institution held panels on the future budget, and in general, centrists on those panels agreed that spending as a percent of GDP should be 23 to 25 percent 20 years from now. He thinks the Simpson-Bowles plan is simply wrong for America. In truth, Social Security is inadequate today, and Medicaid tragically so.
All this while a few of the country’s wealthiest and most patriotic billionaires are calling to for more taxes on themselves.
“Let’s forget about the rich and ultrarich going on strike and stuffing their ample funds under their mattresses if – gasp – capital gains rates and ordinary income rates are increased. The ultrarich, including me, will forever pursue investment opportunities.” ~Billionaire investor Warren Buffett
But most of the rich feel so entitled, they claim that anything that hurts them will also hurt the economy. They are essentially threatening ‘a knife to the throat of America’s frail recovery.’
Via In These Times:
The GOP sore losers have America up against a wall. Republicans don’t care that the majority of the country voted for a candidate who promised to raise taxes on the rich. Republicans don’t care that an even larger majority—60 percent—told election day pollsters they wanted those taxes raised. Republicans don’t care about majority-rule democracy at all. They’re demanding ransom—extension of tax cuts for the rich. If Americans don’t submit, Republicans will slash the nation’s economy.
The party that lost the Presidency, lost seats in the House and lost seats in the Senate is willing to take down the economy, to eviscerate programs like the Federal Emergency Management Agency, the Consumer Product Safety Commission and the Federal Aviation Administration rather than require the entitled rich pull their weight as citizens of the country that enabled them to live lives of unprecedented luxury.
Romney and the GOP said that Obama bought his votes with promises of gifts, but THEY don’t think they were buying the votes of the rich with their promise to add another 20 percent break on top of the Bush tax cuts for the wealthiest.
That’s because they believe they’re entitled. They derisively refer to the social safety net programs that prevent the nation’s poor and elderly from being reduced to eating cat food as “entitlements.” But it’s the entitled rich—Romney, the Koch Brothers, Sheldon Adelson and their ilk—who demand that America give them “stuff” like tax breaks for sending jobs overseas, like tax loopholes for hoarding their assets in the Caymans, like government-paid roads and sewers and rail lines to their businesses.
The CEOs, calling themselves the “Fix the Debt” coalition, claim they’ll pay a secret amount more in taxes if the 99 percent suffers cuts to its social safety net and endures slashed government programs, just accepts cat food as its meat course.
They’ve proposed extending the tax cuts for the 98 percent right now. The richest two percent would benefit from these breaks as well, receiving them on the first $250,000 of their earnings. Everybody gets something. This proposal passed the Democratic-controlled Senate. The Republican-controlled House refuses to even vote on it.
That gap between America’s high-income and middle-income households, after all, has been growing almost as fast as the gap between rich and poor.
A new income inequality study from the Center for Budget and Policy Priorities and the Economic Policy Institute has found that in the three-year span from 2008 through 2010, in 15 different states, our most affluent 20 percent averaged over eight times the income of our poorest 20 percent. Back in the late 1970s, the new Pulling Apart points out, not one single state had a top-to-bottom ratio that ran over eight times.
In all 50 states, the gap between top 20 and middle 20 percent has widened “significantly.” The gap between middle 20 percent and top 5 percent has widened even more. By almost five times in the largest states.
Plus, these Census surveys do not even take into account income from capital gains. 87 percent of all capital gains “will go to families in the top 5 percent of the U.S. income distribution.”
Rising inequality, they contend, “adversely affects our economy and political system.” They eat away at our social cohesion. Deeply unequal societies just don’t work together in a democracy. The rich in these societies live apart, in their own private universes.
Here are some other numbers the conservative rich would rather have ignored, distorted or fudged:
- Only FOUR OUT OF 150 countries have more wealth inequality than us.
- Only THREE PERCENT of the very rich are entrepreneurs: According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneurs based on 2004 tax returns. A 2009 Kauffman Foundation study found that the great majority of entrepreneurs come from middle-class backgrounds, with less than 1 percent of all entrepreneurs coming from very rich or very poor backgrounds.
- An amount equal to ONE-HALF the GDP is held untaxed overseas by rich Americans.
- Corporations stopped paying HALF OF THEIR TAXES after the recession: After paying an average of 22.5% from 1987 to 2008, corporations have paid an annual rate of 10% since. This represents a sudden $250 billion annual loss in taxes.
- Just TEN Americans made a total of FIFTY BILLION DOLLARS in one year.
- Tax deductions for the rich could pay off 100 PERCENT of the deficit.
- The average single black or Hispanic woman has about $100 IN NET WORTH.
- Elderly and disabled food stamp recipients get $4.30 A DAY FOR FOOD.
- Young adults have lost TWO-THIRDS OF THEIR NET WORTH since 1984.
- The American public paid about FOUR TRILLION DOLLARS to bail out the banks.
We have the radical right to thank for much of this. There will always be those in the GOP, or proudly to its right, who will protest any policy movement toward the center as an abandonment of conservative principles.
You are allowed to believe whatever you want in America, but remember that false beliefs ultimately lead to suffering.