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Sep 21 2012
“The West Wing” Returns
Don’t get excited. “The West Wing” hasn’t really returned but the cast did get together to make a campaign video for cast member, Mary ” Kate Harper” McCormack‘s sister, Bridget Mary McCormack who is running for State Supreme Court Judge in Michigan. The video also has a voting education lesson in it about filling out the non-partisan section of the voting ballot. This is how Michigan and 14 other states choose their supreme court justices. If you think that these races aren’t important, remember that this week the Pennsylvania Supreme Court that returned that state’s controversial voter ID law (pdf) back to the Commonwealth Court for review.
Bridget Mary McCormack is a professor at the University of Michigan Law School in Ann Arbor, Michigan, who also serves as Michigan Law School’s associate dean of clinical affairs. From her wikipedia bio, she is the founder and co-director of the Michigan Innocence Clinic, the first exclusively non-DNA innocence clinic in the country. Lawrence O’Donnell interviewed the woman who reunited the “West Wing” on his show “The Last Word.”
Sep 20 2012
Punting the Pundits
“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.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
Follow us on Twitter @StarsHollowGzt
New York Times Editorial: The United States and the Muslim World
The anti-Islam video that set off attacks against American embassies and violent protests in the Muslim world was a convenient fuse for rage. Deeper forces are at work in those societies, riven by pent-up anger over a lack of jobs, economic stagnation and decades of repression by previous Arab governments.
In the wake of the Arab Spring, these newly liberated nations have become battlegrounds for Islamic extremists, moderates and secularists, all contending for power and influence over the direction of democratic change. These forces and the attacks may be beyond the control of American foreign policy, no matter what some might want to believe. [..]
But it would be wrong to retreat from supporting people in Libya, Tunisia and Egypt who are committed to building democratic governments and pluralistic societies based on the rule of law as some in Congress urge. The United States has to stay engaged in whatever ways it can.
Richard (RJ) Eskow: The Radical Rich: From Romney to Re-Occupy
Two recent movements have transformed the political landscape. The Occupy movement literally operates in the light of day. The other movement operates in secrecy, with money as its “speech” rather than… well, you know, speech.
The Romney video offers us a rare glimpse of the other movement. This movement of the extremely rich is ruthless, radical, and full of rage. And it’s on the rise.
If you’re not scared, you’re not paying attention. [..]
Romney articulated both his own emotions and those of his crowd when he said of the American majority, “The things that animate us aren’t the things that animate them.” Well, right back at ya, pal.
That’s why it’s time to Re-Occupy the country — now, before it’s too late.
In natural terms, our economy is a giant sequoia. Unfortunately, our present corporate and governmental leadership can’t seem to grasp one of the basic laws of nature: You can’t keep a mighty tree alive (much less have it thrive) by only spritzing the fine leaves at the tippy-top. The fate of the whole tree depends on nurturing the roots. Recent studies show that increasing the minimum wage even during hard times is good policy, providing higher pay but no loss of jobs.
Sadly, we’re led by a myopic crew of leaf-spritzers. [..]
One of the least excusable of today’s injustices is that in this country of unsurpassed wealth, it’s an abomination that the power elites are casually tolerating poverty pay as our wage floor. How deplorable that they can actually juxtapose the words “working” and “poor” without blinking, much less blushing.
Jamal Abdi and Robert Naiman: Meet the Press Gives Netanyahu Cheney’s Bully Pulpit for War
If you happened to catch Israeli Prime Minister Benjamin Netanyahu on Meet the Press this past Sunday, you may have thought you were watching a rerun from ten years ago.
After all, it was September 2002 — almost a decade ago to the day — that Dick Cheney went on Meet the Press to sell Americans a war based on distortions that he claimed were an “absolute certainty.”
And when Cheney met the press, he was never challenged. Eventually the free pass that the media gave Cheney and others led us into a quagmire in Iraq to dismantle WMD that didn’t exist.
It was déjà vu all over again this past Sunday when Netanyahu presented his own absolute certainties to Americans. He told us that Iran “is racing to develop nuclear bombs” and said if the U.S. does not set a redline for war to block Iran’s enrichment program, Iran would “proceed to the bomb.”
Eugene Robinson: Standing Up for Teachers
Teachers are heroes, not villains, and it’s time to stop demonizing them.
It has become fashionable to blame all of society’s manifold sins and wickedness on “teachers unions,” as if it were possible to separate these supposedly evil organizations from the dedicated public servants who belong to them. News flash: Collective bargaining is not the problem, and taking that right away from teachers will not fix the schools. [..]
The fact is that teachers are being saddled with absurdly high expectations. Some studies have shown a correlation between student performance and teacher “effectiveness,” depending how this elusive quality is measured. But there is a whole body of academic literature proving the stronger correlation between student performance and a much more important variable: family income.
Yes, I’m talking about poverty. Sorry to be so gauche, but when teachers point out the relationship between income and achievement, they’re not shirking responsibility. They’re just stating an inconvenient truth.
Ari Berman: Is Pennsylvania’s Voter ID Law Headed for Defeat?
The Pennsylvania Supreme Court today vacated a lower-court decision upholding the state’s voter ID law, instructing Commonwealth Court Judge Robert Simpson to rehear the case, looking specifically at whether the state is doing enough to make sure that every eligible Pennsylvania voter has the right ID to cast a ballot. The supreme court, in a 4-2 decision, found a “disconnect between what the Law prescribes and how it is being implemented,” and noted that “if the Law is enforced in a manner that prevents qualified and eligible electors from voting, the integrity of the upcoming General Election will be impaired.” [..]
The important takeaway from the ruling is that the supreme court shifted the burden of proof from the plaintiffs, who in lower court had to show that eligible voters would be disenfranchised by the law, to the state, who now has to prove that voters will not be disenfranchised. That’s why lawyers for the plaintiffs, which includes the ACLU and the Advancement Project, are optimistic about the chances of receiving a preliminary injunction when the Commonwealth Court rehears the case, possibly as soon as next week. [..]
Sep 20 2012
On This Day In History September 20
This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.
Find the past “On This Day in History” here.
September 20 is the 263rd day of the year (264th in leap years) in the Gregorian calendar. There are 102 days remaining until the end of the year.
On this day in 1973, in a highly publicized “Battle of the Sexes” tennis match, top women’s player Billie Jean King, 29, beats Bobby Riggs, 55, a former No. 1 ranked men’s player. Riggs (1918-1995), a self-proclaimed male chauvinist, had boasted that women were inferior, that they couldn’t handle the pressure of the game and that even at his age he could beat any female player. The match was a huge media event, witnessed in person by over 30,000 spectators at the Houston Astrodome and by another 50 million TV viewers worldwide. King made a Cleopatra-style entrance on a gold litter carried by men dressed as ancient slaves, while Riggs arrived in a rickshaw pulled by female models. Legendary sportscaster Howard Cosell called the match, in which King beat Riggs 6-4, 6-3, 6-3. King’s achievement not only helped legitimize women’s professional tennis and female athletes, but it was seen as a victory for women’s rights in general.
Billie Jean King (née Moffitt; born November 22, 1943 in Long Beach, California) is a former professional tennis player from the United States. She won 12 Grand Slam singles titles, 16 Grand Slam women’s doubles titles, and 11 Grand Slam mixed doubles titles. King has been an advocate against sexism in sports and society. She is known for “The Battle of the Sexes” in 1973, in which she defeated Bobby Riggs, a former Wimbledon men’s singles champion.
King is the founder of the Women’s Tennis Association, the Women’s Sports Foundation, and World Team Tennis, which she founded with her former husband, Lawrence King.
Despite King’s achievements at the world’s biggest tennis tournaments, the U.S. public best remembers her for her win over Bobby Riggs in 1973.
Riggs had been a top men’s player in the 1930s and 1940s in both the amateur and professional ranks. He won the Wimbledon men’s singles title in 1939, and was considered the World No. 1 male tennis player for 1941, 1946, and 1947. He then became a self-described tennis “hustler” who played in promotional challenge matches. In 1973, he took on the role of male chauvinist. Claiming that the women’s game was so inferior to the men’s game that even a 55-year-old like himself could beat the current top female players, he challenged and defeated Margaret Court 6-2, 6-1. King, who previously had rejected challenges from Riggs, then accepted a lucrative financial offer to play him.
Sep 20 2012
Life, Liberty & the Pursuit of Alcohol
America has a long interesting history with alcohol that dates back to the Pilgrims running through what really started the American revolution to Prohibition. The Discovery Channel began a three part series, “How Booze Built America,” that examines the history of alcohol in the American culture. Mike Rowe, the series host, spoke on MSNBC’s The Cycle about the series and making history fun.
Did you know that the Puritans landed the Mayflower early on Plymouth Rock … because they ran out of beer? Or that Johnny Appleseed was actually creating farms to sell hard apple cider?
It was all the fault of demon rum.
Sep 20 2012
Fighting for the Right to Vote
Voting rights have come under attack in the last few years based mostly on the false premise of voter fraud. Civil liberties and private citizen groups have been fighting back with some help from the Federal Government in states that are governed by the 1965 Voting Rights Act that ended “Jim Crow” laws. Recent federal court rulings threw out the voter ID laws in Texas, South Carolina and the District of Columbia.
In Pennsylvania this week, the State Supreme Court handed down a 4 – 2 ruling that returned that state’s controversial voter ID law (pdf) back to the Commonwealth Court for review with these instructions:
Thus, we will return the matter to the Commonwealth Court to make a present assessment of the actual availability of the alternate identification cards on a developed record in light of the experience since the time the cards became available. In this regard, the court is to consider whether the procedures being used for deployment of the cards comport with the requirement of liberal access which the General Assembly attached to the issuance of PennDOT identification cards. If they do not, or if the Commonwealth Court is not still convinced in its predictive judgment that there will be no voter disenfranchisement arising out of the Commonwealth’s implementation of a voter identification requirement for purposes of the upcoming election, that court is obliged to enter a preliminary injunction.
In other words, the state must show that they can get a valid ID in the hands of any eligible voter who wants one between now and the election. If they can’t and , the court believes that voters will be disenfranchised, then the court must issue an injunction enjoining the law.
After all this country went through in the 1960’s to ensure the voting rights of minorities, it seems surreal that we are having a similar battle to protect not only those same minorities but the elderly, the poor, and students.
Sep 19 2012
Punting the Pundits
“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.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
Wednesday is Ladies’ Day.
Follow us on Twitter @StarsHollowGzt
Frances Fox Priven: Occupy’s Protest Is Not Over. It Has Barely Begun
A good many observers wonder, is Occupy over? After all, the encampments that announced the movement a year ago have largely disappeared, and no obviously similar protest demonstrations of young people have taken their place, at least not in the United States.
Nevertheless, I think the ready conclusion that the protests have fizzled is based on a misconception of the nature of movements, a misconception influenced by the metaphors we rely on. We think of these eruptions as something like explosions, Fourth of July fireworks perhaps that shoot into the sky, dazzle us for a moment, and then quickly fade away. The metaphor leads us to think of protest movements as bursts of energy and anger that rise in a great arc and then, exhausted, disappear.
In fact, no major American movement of the past fits that description. The great protest movements of history lasted not for a moment but for decades. And they did not expand in the shape of a simple rising arc of popular defiance. Rather, they began in a particular place, sputtered and subsided, only to re-emerge elsewhere in perhaps a different form, influenced by local particularities of circumstance and culture.
Ilyse Hogue: It’s the 1 Percent, Stupid (the Case Against the 47 Percent)
The news of Mitt Romney’s remarks at a closed-door fundraiser that were leaked by Mother Jones has been dominating since it broke yesterday. The scandalous content appears plentiful enough to keep pundits and political junkies glued to Twitter for the remainder of the cycle. And let’s be clear: between Romney’s callous “wait-and see” approach to the Middle East peace process, his instrumental view of Latino voters and his parasitic characterization of those who are too poor to pay income tax, he painted a devastating picture of himself as a leader and a person.
The line from the video that is the source of the most fascination is when Romney claims that he cares not at all for the 47 percent of Americans who pay no income taxes and freeload off the government, since they are sure to be Obama voters anyway. The statement is a window into the cynical and meanspirited worldview that would guide this candidate’s policies and priorities were he to win in November. This alone should give every voter pause, regardless of partisan affiliation.
This month, in a speech at his country’s stock exchange, British Labour Party Leader Ed Miliband embraced a big new idea: predistribution.
The term was coined here in the US, by political scientist Jacob Hacker (you may know him as the man who came up with the public option). In a 2011 paper, Hacker noted that our discussions of government responses to inequality often begin and end with redistribution-taxing the rich to provide benefits for the rest. But Hacker argued that’s only half the equation (maybe less). He urged his fellow progressives to pay more attention to predistribution: “the way in which the market distributes its rewards in the first place.” That includes regulations that protect consumers and empower workers. “The regulation of markets to limit extremes and give the middle class more voice is hardly easy-witness the fight over financial reform in the United States,” wrote Hacker. “But it is both more popular and more effective than after-the-fact mopping up.” [..]
Much of the British story is all too familiar. Failed austerity, political resistance to taxes and a left-of-center party that spent much of the 1990s proving its willingness to get out of the market’s way. An upsurge in grassroots activism against inequality. And an awful human toll.
“We want a market economy,” says Miliband, “not a market society.” That’s true on both sides of the pond.
Leslie Savan: The GOP’s Self-Mutilating Panic
The Republican Party is counting down its own “127 Hours,” and it’s getting ready to cut off one of its arms with a dull blade. As poll numbers rise for Obama and other Democrats down-ballot, it’s sinking in that the victory the GOP thought it would achieve with obstruction and falsehoods will probably turn into a defeat for both the presidency and the Senate.
Here are three headlines from just this morning that sound to me like desperate self-mutilation (and none of this is to even mention the Romney campaign’s complete meltdown over events in the Mideast):
“Kansas Goes Birther: State Board Considers Removing Obama From Ballot”
“House GOP Bill Would Actually End Welfare Reform Work Requirements”
“Romney predicts Obama will lie in debates”
Each of these actions is more likely to hurt than help the politicians in question. But it’s panic time for the GOP and they can’t help it.
Ruth Coniff: How Obama Trapped Himself in Chicago Teachers’ Strike
The Chicago teachers’ strike put President Obama in an awkward position. Caught between his own former chief of staff, Chicago Mayor Rahm Emanuel, and his base of support in the teachers’ union, he was easy prey for Mitt Romney, who declared that the President had taken the teachers’ side (not true) and that Democrats and unionized teachers are the enemies of parents, school children, and quality educatio
Romney’s attack was dumb and misleading.
But the big problem for Obama was that he was trying to play both sides of this highly charged issue.
Obama wanted no part of the Chicago teachers’ fight. He didn’t want to antagonize Emanuel–a major campaign fundraiser and political ally. Nor did he want to alienate labor as he heads into the homestretch in this Presidential election.
But what tripped up Obama the most is that he has essentially adopted George W. Bush’s free-market, live-and-let-die education policies–but is running with the support of people who desperately want him to defend public schools against increasingly aggressive rightwing attacks.
Wenonah hauter: Obama Administration Backwards On Food Safety
Recently, with Obama re-election posters blanketing the audience at the Democratic National Convention and Republicans mocking Obama’s campaign slogan, the word of the moment was Forward. But when it comes to food safety, this Administration is stuck in reverse. The 56-page 2012 Democratic Party Platform included no mention of food safety or the President’s monumental signing of the Food Safety Modernization Act.
Even more alarming are the Administration’s proposed set of rules for the inspection of poultry that would take us back to the days of Upton Sinclair’s “The Jungle.” That proposal would turn over key inspection duties to the poultry companies so that they can police themselves and allow them to increase line speeds in chicken plants from the current 35 birds-per-minute to to 175 birds-per-minute. That’s right – one USDA inspector will have ONE THIRD OF A SECOND to inspect each bird to make sure that it did not have an animal disease, fecal contamination, tumors, improperly removed intestines or feathers before it is dipped in a chemical soup meant to kill microbial pathogens such as salmonella and campylobacter. A Food & Water Watch analysis of the proposal’s pilot program reveals large numbers of defects – including feathers, bile and feces – were routinely missed when company employees instead of USDA inspectors performed inspection tasks.
Sep 19 2012
On This Day In History September 19
This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.
Find the past “On This Day in History” here.
September 19 is the 262nd day of the year (263rd in leap years) in the Gregorian calendar. There are 103 days remaining until the end of the year.
On this day in 1796, President George Washington’s Farewell Address to the Nation is published.
George Washington’s Farewell Address was written to “The People of the United States” near the end of his second term as President of the United States and before his retirement to Mount Vernon.
Originally published in David Claypoole’s American Daily Advertiser on September 19, 1796 under the title “The Address of General Washington To The People of The United States on his declining of the Presidency of the
United States,” the letter was almost immediately reprinted in newspapers across the country and later in a pamphlet form. The work was later named a “Farewell Address,” as it was Washington’s valedictory after 45 years of service to the new republic, first during the Revolution of the Continental Army and later as the nation’s first president.The letter was originally prepared in 1792 with the help of James Madison, as Washington prepared to retire following a single term in office. However, he set aside the letter and ran for a second term after his Secretary of the Treasury, Alexander Hamilton, and his Secretary of State, Thomas Jefferson, convinced him that the growing divisions between the newly formed Federalist and Democratic-Republican parties, along with the current state of foreign affairs, would tear the country apart in the absence of his leadership.
Four years later, as his second term came to a close, Washington revisited the letter and with the help of Alexander Hamilton prepared a revision of the original draft to announce his intention to decline a third term in office; to reflect the emerging issues of the American political landscape in 1796; and to parting advice to his fellow Americans, express his support for the government eight years following the adoption of the Constitution; and to defend his administration’s record.
The letter was written by Washington after years of exhaustion due to his advanced age, years of service to his country, the duties of the presidency, and increased attacks by his political opponents. It was published almost two months before the Electoral College cast their votes in the 1796 presidential election.
Sep 19 2012
Tax Cuts for the Wealthy Do Not Stimulate Economic Growth
Most of us already know that tax cuts, especially for the wealthy, do not create jobs nor do they stimulate economic growth. But there are those who are still pushing this unicorn myth. So here are some facts:
One of the first things you notice in the chart is that the American economy was not especially healthy even before the financial crisis began in late 2007. By 2007, remarkably, the economy was already on pace for its slowest decade of growth since World War II. The mediocre economic growth, in turn, brought mediocre job and income growth – and the crisis more than erased those gains.
The defining economic policy of the last decade, of course, was the Bush tax cuts. President George W. Bush and Congress, including Mr. Ryan, passed a large tax cut in 2001, sped up its implementation in 2003 and predicted that prosperity would follow.
The economic growth that actually followed – indeed, the whole history of the last 20 years – offers one of the most serious challenges to modern conservatism. Bill Clinton and the elder George Bush both raised taxes in the early 1990s, and conservatives predicted disaster. Instead, the economy boomed, and incomes grew at their fastest pace since the 1960s. Then came the younger Mr. Bush, the tax cuts, the disappointing expansion and the worst downturn since the Depression.
That was the conclusion from David Leonhardt’s new column today for The New York Times, and it was precisely the finding of a new study from the Congressional Research Service, “Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945” (pdf).
That study concluded that not only did tax cuts for the upper brackets did not stimulate growth, they are associated with increasing income disparity:
The top income tax rates have changed considerably since the end of World War II. Throughout the late-1940s and 1950s, the top marginal tax rate was typically above 90%; today it is 35%. Additionally, the top capital gains tax rate was 25% in the 1950s and 1960s, 35% in the 1970s; today it is 15%. The average tax rate faced by the top 0.01% of taxpayers was above 40% until the mid-1980s; today it is below 25%. Tax rates affecting taxpayers at the top of the income distribution are currently at their lowest levels since the end of the second World War.
The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie.
However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. As measured by IRS data, the share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. At the same time, the average tax rate paid by the top 0.1% fell from over 50% in 1945 to about 25% in 2009. Tax policy could have a relation to how the economic pie is sliced-lower top tax rates may be associated with greater income disparities.
In another study that was cited in an article by tax expert David Cay Johnston, Owen M. Zidar, a graduate economics student at the University of California at Berkeley, and a former staff economist on the White House Council of Economic Advisers for President Obama, looked at which tax cuts did stimulate economic growth:
He reasoned that “if tax cuts for high income earners generate substantial economic activity, then states with a large share of high income taxpayers should grow faster following a tax cut for high income earners.” The data show that tax cuts at the top, though, do not result in faster growth in states with more high-earners.
“Almost all of the stimulative effect of tax cuts,” Zidar found, “results from tax cuts for the bottom 90 percent. A one percent of GDP tax cut for the bottom 90 percent results in 2.7 percentage points of GDP growth over a two-year period. The corresponding estimate for the top 10 percent is 0.13 percentage points and is insignificant statistically.” [..]
That fits with the argument made over the last century by a variety of business leaders – carmaker Henry Ford and retailer Edward Filene among them – that the path to economic growth lies in workers making enough (and having enough after taxes) to buy goods and services.
These facts need to be pounded ad nauseum to Congress and the White House, no matter which party is in charge.
(All emphasis mine)
Sep 18 2012
Congress Gets Out of Dodge
The do nothing Congress will slither out of town seven weeks before the election to hit the campaign trail and leaving a pile of work for November when they return for the lame duck session. Not that most of them aren’t lame now. They had originally been scheduled to work through to the first week of October.
The one bill that will be passed is the bill to keep the government funded once the new fiscal year begins Oct.1. It has already passed the House and is set for a vote in the Senate later this week. it will find the government through to March 27, 2013. The other legislation that will pass at least the House is a resolution expressing disapproval of President Obama’s handling of welfare reform. The administration agreed to to waive existing work requirements for those who receive welfare benefits if states can demonstrate better programs for employing and retaining workers. This waiver was requested by Republican governors, as well as, Democrats and the plans must be approved by the administration. In other words the House Republicans are disapproving something they requested.
Bur much of what won’t be accomplished could drastically hurt the middle class and the economy.
Greatest fallout from deadline miss: uncertainty
The 2008 farm bill, a law including crop insurance, disaster programs and other aid for farmers, along with conservation and food stamp programs, is set to expire Sept. 30, the end of the federal fiscal year. Some key programs could cease or run out of money without a new farm bill.
But farmers and ag policy experts say the most dramatic effects won’t happen until 2013. That’s when farmers will start to plant next year’s crop. Many farm programs operate onthe crop year, not the fiscal or calendar years. [..]
If Congress doesn’t do anything, food prices could soar. That’s because without a new farm bill, the law reverts back to a 1949 farm bill that essentially committed the federal government to purchase crops at fixed prices. But with more than 60 years since those prices were set, in most cases the government would be paying far more than what those crops receive today.
There is the legislation that would provide reforms for the Postal Service, which is plagued by financial shortfalls, and an extension of the Violence Against Women Act, a normally bipartisan bill that authorizes program funding for victims of domestic and sexual abuse.
The biggie is the expiring tax measures, the Bush/Obama and the Payroll tax holiday, and unemployment benefits, that will end December 31. As reported in Politico the House Ways and means Committee, which generates tax bills will meet in a rare closed session on Thursday. They will also meet with the Democratic-led Senate Finance Committee to discuss capital gains taxes.
David Dayen at FDL News Desk isn’t confident that the talks will include an extension of the Payroll Tax Holiday but thinks that this whole sequester mess will kicked down the road:
There’s no guarantee that the payroll tax cut will factor into these negotiations, but they should – or at least something that brings a commensurate level of fiscal accommodation, which preferably doesn’t put the Social Security Trust Fund at risk. The expiration of the payroll tax cut will take $125 billion out of the economy. That’s less than the Bush tax cuts, although since most of those accrue to the rich, the payroll tax cut could have a higher fiscal multiplier. And it’s a larger pullback in fiscal policy than the first year of the sequester, which would take roughly $110 billion out of the economy. [..]
I would like to find the economist who believes that the US can handle taking $125 billion out of the economy without an effect, especially $125 billion targeted loosely (though not as well as Making Work Pay) at those with a high propensity to spend. [..]
It’s entirely possible that everything gets punted for a period of time while opening up some breathing space for Congress to figure the mess out. But I doubt that includes the payroll tax cut. That’s decent enough news for Social Security, but it’s not really good news for the economy.
As a postscript, you gotta love this from a defense lobbyist:
“Regardless of who wins, the big deal will have tax increases and spending cuts,” said one defense lobbyist, who asked not to be identified. “The ratio will just be different. With taxes playing a smaller role in a Republican plan, entitlement programs like Medicare will have to play a bigger one to protect defense.”
Surely we can all agree that Lockheed Martin needs the money more than an 85 year-old on a fixed income.
Lets see if Obama sticks to his promise to veto any bill that extends the Bush/Obama tax cuts for those who make over $250,000.
Sep 18 2012
Punting the Pundits
“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.
Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.
Follow us on Twitter @StarsHollowGzt
Rebecca Solnit: Occupy Your Victories: Occupy Wall Street’s First Anniversary
Occupy is now a year old. A year is an almost ridiculous measure of time for much of what matters: at one year old, Georgia O’Keeffe was not a great painter, and Bessie Smith wasn’t much of a singer. One year into the Civil Rights Movement, the Montgomery Bus Boycott was still in progress, catalyzed by the unknown secretary of the local NAACP chapter and a preacher from Atlanta — by, that is, Rosa Parks and Martin Luther King, Jr. Occupy, our bouncing baby, was born with such struggle and joy a year ago, and here we are, 12 long months later.
Occupy didn’t seem remarkable on September 17, 2011, and not a lot of people were looking at it when it was mostly young people heading for Manhattan’s Zuccotti Park. But its most remarkable aspect turned out to be its staying power: it didn’t declare victory or defeat and go home. It decided it was home and settled in for two catalytic months. [..]
With Occupy, remarkable things have already happened, and more remarkable systemic change could be ahead. Don’t forget that this was a movement that spread to thousands of cities, towns, and even rural outposts across the country and overseas, from Occupy Tucson to Occupy Bangor. Remember that many of the effects of what has already happened are incalculable, and more of what is being accomplished will only be clear further down the road.
Go out into the streets and celebrate the one-year anniversary and start dreaming and planning for 2021, when we could — if we are steadfast, if we are inclusive, if we keep our eyes on the prize, if we define that prize and recognize progress toward it and remember where we started — be celebrating something much bigger. It’s a long road to travel, but we can get there from here.
Dean Baker: Does President Obama Want to Cut Social Security by 3 Percent?
That is a pretty simple and important question. Unfortunately most voters are likely to go to the polls this fall without knowing the answer.
If the backdrop to this question is not immediately clear, then you should be very angry at the reporters who cover the campaign. One of the items that continuously comes up in reference to the budget deficit is President Obama’s support for the plan put forward by the co-chairs of his deficit commission, Morgan Stanley director Erskine Bowles and former Senator Alan Simpson. On numerous occasions President Obama has indicated his support for this plan.
One of the items in the Bowles-Simpson plan is a reduction in the annual cost-of-living adjustment of roughly 0.3 percentage points. This would be accomplished by using a different index that, by design, would show a lower measured rate of inflation. It is important to recognize that this is an annual cut that would accumulate over time. After a retiree has been receiving benefits for 10 years the cut would be 3.0 percent, after 20 years it would be 6 percent. If a typical retiree lives long enough to get benefits for 20 years the average benefit cut over their years of retirement would be 3 percent.
To the best of my knowledge from information gleaned from internet data sources, there are three countries that have not signed the Nuclear Non-Proliferation Treaty (NPT). They are India, Pakistan and Israel. One additional country — North Korea — withdrew in 2003 after being a signatory for 18 years.
Iran signed in 1968 and ratified the treaty in 1970. In light of their alleged insistence on starting a nuclear weapons program, some might say that the treaty is a joke. I’d agree to the farcical nature of the document, but not because of Iran’s actions — although hat’s off to the North Koreans for withdrawing publicly in the face of being labeled by George W. Bush as members of the Axis of Evil.
No, this week’s big Washington Post story about the U.S. revamping their nuclear weapons is reason enough to scoff at the legitimacy of the NPT. And it’s not just the nuclear weapons program that the U.S. is improving; it’s the bombs. The Washington Post confirms, “At the heart of the overhaul are the weapons themselves.” And this revamp won’t be cheap. “Upgrading just one of the seven types of weapons in the stockpile, the B61 bomb, is likely to cost $10 billion over five years, according to the Pentagon.”
John Nichols; After 225 Years, It’s Time to Respect the Constitutional Rights of Workers
Americans have for generations accepted the basic premise that labor rights are human rights. And when this country has counseled other countries, and the international community, on how to forge a civil and democratic society, we have long recognized that the right to organize a trade union and to have that trade union engage in collective bargaining as an equal partner with corporations and government agencies must be protected.
When Dane County Circuit Court Judge Juan Colas struck down substantial portions of the anti-labor legislation that Governor Scott Walker signed last year, legislation that was written and implemented with the express purpose of undermining trade union rights and constricting collective bargaining rights, the judge grounded his decision in a recognition of the fact that trade unionists in the United States have basic rights that must be respected.
Jim Hightower; Ryan Runs Into the Truth
To borrow from President Lyndon Johnson’s colorful analysis of a Nixon speech, “I may not know much, but I know chicken [poop] from chicken salad.”
Paul Ryan, the GOP’s current vice-presidential nominee, has spent his career in government trying to blur the boundary between the two. Over the years, the ambitious right-wing politico has carefully assembled a stinking salad of positive adjectives to create his public persona: an earnest, straight-shooting, big thinker with integrity and deeply held conservative convictions.
The media swallowed each spurious ingredient, helping push him forth as a tea party rock star and, now, a man who could be next in line for the presidency.
Dennis Jett: Another reason no one trusts Congress
It would be interesting to know if anyone on Capitol Hill ever takes time out from being seduced by lobbyists to wonder about what Americans think of their elected representatives. Congress has the lowest approval rating ever in public opinion polls and only one American in ten is gullible enough to think they are doing an adequate job. If Congress were a company, it would have gone out of business long ago.
The skepticism reflected in the public’s attitude is due in part to the partisan politics that has become the driving force in Washington. The national interest is routinely sacrificed for political gain and even economic recovery can be put on hold if it increases the chances for changing the occupant of the White House.
Another reason for the low esteem of Congress is that much of what takes place there falls somewhere between farce and theater of the absurd. Take for instance congressional hearings. One might think that they would be an opportunity to elicit unbiased information, call attention to problems and explore options for dealing with those problems.
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