“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.
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Paul Krugman: Inequality Is a Drag
For more than three decades, almost everyone who matters in American politics has agreed that higher taxes on the rich and increased aid to the poor have hurt economic growth.
Liberals have generally viewed this as a trade-off worth making, arguing that it’s worth accepting some price in the form of lower G.D.P. to help fellow citizens in need. Conservatives, on the other hand, have advocated trickle-down economics, insisting that the best policy is to cut taxes on the rich, slash aid to the poor and count on a rising tide to raise all boats.
But there’s now growing evidence for a new view – namely, that the whole premise of this debate is wrong, that there isn’t actually any trade-off between equity and inefficiency. Why? It’s true that market economies need a certain amount of inequality to function. But American inequality has become so extreme that it’s inflicting a lot of economic damage. And this, in turn, implies that redistribution – that is, taxing the rich and helping the poor – may well raise, not lower, the economy’s growth rate.
Zoë Carpenter: Senators to Obama: Stop Censoring the Torture Report
The release of a long-delayed investigation into the Central Intelligence Agency’s post-9/11 interrogation methods was held up yet again on Tuesday after the chair of the Senate Intelligence Committee objected to the amount of information that had been censored by the Obama administration.
“I have concluded that the redactions eliminate or obscure key facts that support the report’s findings and conclusions,” Dianne Feinstein said Tuesday in a statement announcing her decision to delay publication of portions of the report, which was assembled by her committee. Feinstein said she had written a letter to the White House detailing which redactions she felt were heavy handed. [..]
“We tortured some folks,” Obama acknowledged on Friday. “And we have to, as a country, take responsibility for that so that, hopefully, we don’t do it again in the future.” The CIA’s conduct in response to the Senate report is a crystal clear indicator that hoping for the agency to do the right thing is not simply naïve but flagrantly irresponsible. If the president is content to grant the CIA immunity for its current flouting of the law and the separation of powers, as well as for the torture it meted out in the recent past, there’s nothing to keep an executive with fewer scruples from reopening a chapter that the public hasn’t even been allowed to read.
The Electoral College rules that govern our presidential elections are the political equivalent of education’s standardized test. Just as high school classes devolve into test preparation, not learning, presidential elections descend into swing-state appeal, not national leadership. Campaigns don’t lift a finger in some thirty or forty states locked up for one party. As the 2016 campaign comes into focus, it’s a welcome reminder that it may well be the last one in which every vote in every state is not equally important.
In April, New York Governor Andrew Cuomo signed legislation that brings New York into the National Popular Vote Interstate Compact. Under the National Popular Vote plan, states work together to guarantee election of the candidate who wins the most popular votes in all fifty states and the District of Columbia. Once enough states that represent a majority of electoral votes (270 out of 538) have entered the compact, a participating state will award all its electoral votes to the winner of the national popular vote rather than to the winner of its statewide popular vote.
Margaret Kimberley: Climate Change – Point of No Return
Time’s up, or so planet earth seems to be telling humanity. Extreme weather conditions around the globe, including rising temperatures, droughts, crop failures, melting sea ice, rising sea levels, disappearing glaciers and the loss of plant and animal species all point in only one direction. The tipping point towards the sixth great extinction is taking place right now.
It is clear that these problems are all human made. Rising carbon dioxide levels caused by fossil fuel emissions are creating a series of catastrophes in ecosystems around the world. The processes are clear to anyone who pays attention. [..]
The People’s Climate March scheduled to take place on September 21 in New York cannot be just a feel good precursor to the United Nations meeting. It must have as part of its agenda a critique of the world financial system. The criminals who must be exposed aren’t just in New York and London either. India and China poison the air and their citizens in a mad dash to catch up with the other industrial polluters of the world.
There are many villains in this story but there is only one important point. Maintaining the status quo means the end of life on the planet. The 1% will limit their exposure for a time but eventually the end will come for them too.
E. J. Dionne, Jr.: Plain Vanilla Bipartisanship
When does Congress become so embarrassed by its laughably low approval ratings that its leaders decide to pass laws to make our country a modestly better place? Is there a plain vanilla agenda that might pass muster across party lines?
If you thought attitudes about Congress couldn’t get any worse, consider the Washington Post/ABC News poll’s finding this week that 51 percent of Americans disapproved of their own House member. This was the first time in the 25 years the poll has been asking the question that a majority disapproved of their representative. Usually, people hate the body as a whole but like their own guy or woman.
Congress in the abstract does fare much worse. The Real Clear Politics average puts approval of the institution at 12.6 percent. And Republicans are especially unpopular: the Post/ABC poll found that while 49 percent of Americans held a favorable view of the Democratic Party, only 35 percent had a favorable view of the GOP.
Robert Reich: The Ivy Leagues are a ludicrous waste of resources
Graduates of Ivy League universities are more likely to enter finance and consulting than any other career.
For example, in 2010 (the most recent date for which we have data) close to 36 percent of Princeton graduates went into finance (down from the pre-financial crisis high of 46 percent in 2006). Add in management consulting, and it was close to 60 percent.
The hefty endowments of such elite institutions are swollen with tax-subsidized donations from wealthy alumni, many of whom are seeking to guarantee their own kids’ admissions so they too can become enormously rich financiers and management consultants.
But I can think of a better way for taxpayers to subsidize occupations with more social merit: Forgive the student debts of graduates who choose social work, child care, elder care, nursing, and teaching.
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