Tag: Politics

“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

The Sunday Talking Heads:

Up with Chris Hayes: Joining Chris will be: Josh Barro (@jbarro), lead writer for Bloomberg View‘s “The Ticker”; Mattie Duppler (@MDuppler), director of budget & regulatory policy for Americans for Tax Reform; Jim Antle (@jimantle), editor of the Daily Caller News Foundation, senior editor of The American Spectator; Stephanie Kelton (@deficitowl), chair of the department of economics at University of Missouri-Kansas City, contributor to New Economic Perspectives; Bryan Stevenson, founder & executive Director of Equal Justice Initiative, professor at New York University School of Law; Liz Mair (@LizMair), former online communications director for the Republican National Committee, political strategist & media adviser, founder & president of Mair Strategies; David Sirota (@davidsirota), contributor to Salon.com, author of “Back to Our Future: How the 1980s Explain the World We Live in Now-Our Culture, Our Politics, Our Everything“; Roberto Lovato (@robvato), writer for New American Media, contributor to The Nation, senior strategy fellow for Citizen Engagement Lab; and Jared Bernstein (@econjared), former chief economist & economic policy advisor to Vice President Biden (2009-2011), senior fellow at the Center for Budget & Policy Priorities, MSNBC contributor.

This Week with George Stephanopolis: Guests White House economic adviser Gene Sperling and Sen. Kelly Ayotte (R-NH) speak to George Stephanopoulos about what comes next in the battle over the budget, Sunday on “This Week.”

The roundtable debates the budget showdown and all the week’s politics, with ABC News’ Matthew Dowd and Cokie Roberts; Democratic strategist James Carville; Wall Street Journal editorial page editor Paul Gigot; and Mia Love, Republican mayor of Saratoga Springs, Utah.

Face the Nation with Bob Schieffer: Sen. John McCain (R-AZ); Sen. Lindsey Graham (R-SC); and Sen. Dick Durbin (D-IL) will appear this Sunday on “Face the Nation,” along with Cardinal Timothy Dolan and a politics roundtable with the Washington Post‘s Bob Woodward, the New York Times‘ David Sanger, Time Magazine‘s Rana Foroohar and CBS News’ John Dickerson.

The Chris Matthews Show: This week’s guests are Howard Fineman, The Huffington Post Senior Political Editor; Katty Kay, BBC Washington Correspondent; Kelly O’Donnell, NBC News Capitol Hill Correspondent; and Errol Louis, NY1 Inside City Hall.

Meet the Press with David Gregory: On this Sunday’s MTP  Speaker of the House, Rep. John Boehner (R-OH) sits down for an exclusive interview and explains why he believes the House has done its job to stop the impending sequester. The Washington Post‘s Bob Woodward will discuss his reporting on the administration and his clash with National Economic Council Director Gene Sperling.

The roundtable will break it all down with guests: Rep. Raul Labrador (R-ID); columnist for the Washington Post Kathleen Parker; Managing Editor of TheGrio.com Joy Reid; NBC Chief White House correspondent and political director Chuck Todd and NBC Special Correspondent Tom Brokaw.

State of the Union with Candy Crowley: This Sunday, Ms. Crowley’s guests are Senate Minority Leader Mitch McConnell (R-KY); White House Economic Director Gene Sperling; Rep. Steve Israel (D-NY) and Rep. Greg Walden (R-OR).

Her panel Stephen Moore from the Wall Street Journal, USA Today Washington Bureau Chief Susan Page, and Mark Zandi from Moody’s Analytics will look at how Washington gridlock will affect the economy.

In this weeks “Now We Know” segment, Up with Chis Hayes host Chris Hayes notes a new study from Brandeis that shows how the wealth gap between black people and white people in American has not only remained vast, but has grown massively over the last quarter century. Discussing what they have learned this week with Chris are Saru Jayaraman, author of “Behind the Kitchen Door,” co-founder of Restaurant Opportunities Center; Andrew Moesel, spokesperson for the New York State Restaurant Association; Victoria Bruton, restauarant worker and member of Restaurant Opportunities Center; and Tom Colicchio, renowned chef, executive producer of the new documentary “A Place at the Table.”

Study shows racial wealth gap continues to widen

by Christine Dugas, USA Today

Years after the civil rights movement, racial inequality continues to deepen.

The wealth gap between white and African-American families has nearly tripled over 25 years, according to a study (pdf) released today by the Institute on Assets and Social Policy at Brandeis University. [..]

Many Americans still believe that racial inequality is related to individual behavior, choices, character, marriage and child bearing, says Thomas Shapiro, IASP director. But homeownership has been the biggest cause of racial wealth disparity, followed by income, the study found. In the past 25 years, education has failed to be the great equalizer that many expected.

Sequestration Repeal Pushed By Progressive House Democrats

by Dave Jamieson, Huffington Post

Rep. John Conyers (D-Mich.) introduced a one-sentence bill on Thursday entitled the “Cancel the Sequester Act of 2013,” which would eliminate the $85 billion in cuts looming at week’s end as part of the $1.2 trillion in defense and non-defense cuts that Congress imposed on itself over the next decade with the Budget Control Act of 2011. According to Conyers’ office, Reps. Sheila Lee Jackson (D-Texas) and Frederica Wilson (D-Fla.) will co-sponsor the repeal bill, and many members of the Congressional Progressive Caucus are expected to follow suit.

“If Congress can’t or won’t come together to craft bipartisan agreement, I believe we have a duty to avert these catastrophic cuts by any means necessary,” Conyers told HuffPost in an email. The repeal bill “would give the leaders of both parties the time needed to reach some consensus on budget issues without forcing the average American to pay the price for Washington’s dysfunction.”

State Department Paves Way for Keystone XL Approval, Ignores Reality of Climate Change Impacts

by Gabe Elsner

This afternoon, the State Department released its Supplementary Environmental Impact Statement (SEIS) on the controversial Keystone XL (KXL) pipeline, claiming that the pipeline will “not likely result in significant adverse environmental effects.” The SEIS paves the way for President Obama’s approval of the pipeline despite widespread concern over the climate impacts of tar sands oil.

The State Department assessment does acknowledge that excavation of the Canadian tar sands oil would result in 17 percent more climate change emissions than the average barrel of heavy crude oil. But the report continues to say that the KXL pipeline would have no adverse impact on climate change because if the pipeline were not approved, companies would ship tar sands oil via railroad.

Christie Says He’ll Take U.S. Money to Expand Medicaid

by Kate Zernike, The New York Times

Gov. Chris Christie, one of the most strident Republican critics of President Obama’s health care overhaul, announced on Tuesday that he would accept federal money to expand the Medicaid program in New Jersey.

The expansion, which the governor described in his annual budget address to the Legislature, would provide health insurance to 104,000 of the poorest 1.3 million residents currently living without it, though some groups say the number could be higher.

Mr. Christie emphasized that it was a financial decision, not a philosophical shift; if New Jersey did not take the money, he said, the federal government would give it to other states.

Taliban Attacks Drop Reported By ISAF Was Incorrect

by Robert Burns, Huffington Post

In response to Associated Press inquiries about its latest series of statistics on security in Afghanistan, the coalition command in Kabul said it had erred in reporting a 7 percent decline in attacks. In fact there was no decline at all, officials said.

Defense Secretary Leon Panetta, who is among the senior officials who had publicly repeated the assertion of an encouraging drop-off in Taliban attacks last year, was disturbed to learn of the error, said his spokesman, George Little.

“This particular set of metrics doesn’t tell the full story of progress against the Taliban, of course, but it’s unhelpful to have inaccurate information in our systems,” Little said.

Covert Malaysian Campaign Touched A Wide Range Of American Media

Outlets from Huffington Post to National Review carried pieces financed by the Malaysian government. An international campaign against Anwar Ibrahim.

A range of mainstream American publications printed paid propaganda for the government of Malaysia, much of it focused on the campaign against a pro-democracy figure there.

The payments to conservative American opinion writers – whose work appeared in outlets from the Huffington Post and San Francisco Examiner to the Washington Times to National Review and RedState – emerged in a filing this week to the Department of Justice. The filing (pdf) under the Foreign Agent Registration Act outlines a campaign spanning May 2008 to April 2011 and led by Joshua Trevino, a conservative pundit, who received $389,724.70 under the contract and paid smaller sums to a series of conservative writers.

Or as Shakespeare’s Juliet said, “what’s in a name? that which we call a rose; By any other name would smell as sweet.” Not quite.

In this case calling chained CPI, “superlative CPI to make it more palatable to the voters and politicians who oppose it as a cut to future Social Security benefit, does not make it any less noxious or toxic:

Click image to view it in full size

Spending savings from superlative CPI with protections for vulnerable     $130 B

As Pres. Obama’s idol, Pres. Lincoln said, “You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”

No, Barack, we will not be fooled by you.

Up Date: 3/3/13 23:18 AM EST: Post and learn. It seems that there is a “superlative CPI”, from letgetitdone in a comment at Corrente:

Hi TMC, There is a “superlativeCPI ,” but it’s not “the chained CPI” which is really “the Catfood CPI.” An actual superlative CPI, would cost adjust for the higher proportion of seniors’ household budget they must spend on rapidly increasing health care costs. It would also adjust for living area. so that seniors who live in high cost areas, can remain there if they choose, rather than moving to lower cost areas where their meagre SS pensions don’t go very far. In the real world, living costs in New York City are 2 1/2 times more than living costs in say, rural Kansas or the UP of Michigan. SS payments should be adjusted for these important regional differences.

Up Date: 3/6/13 12:39 AM EST A cut is a cut. I want to thank Hugh at Corrente for this explanation.

Then there is the Chained CPI which is a modification of the CPI-U. It is being pushed by the anti-old, austerity-minded as a replacement for the particular version of the CPI-W I just described above which already tends to understate inflationary effects on Social Security recipients. And there is the annoying Administration reference to it as the superlative CPI. Again context is important. The CPI survey collects information on prices. These are first averaged individually by geographic area. This is called “lower-level aggregation”. The example which they use is the price of one item (apples) in one locality (Chicago). The BLS then does what it calls “higher-level aggregation” (note the use of the comparative): the price of apples regionally and nationally, the price of food nationally, the price of all items nationally, etc. The Chained CPI involves another level of analysis and what must follow the comparative but the superlative? (..)

http://www.bls.gov/cpi/cpisupq…

The example used is that the CPI-U and the CPI-W have prices for pork and beef. What the Chained CPI seeks to measure is, in the event of a price increase in pork, the effect of consumers switching to beef. The BLS example is, of course, innocuous. The one some of us are more concerned about is seniors being forced to choose between beef and cat food. Substitution basically reduces the effects of inflation. Calculating a CPI based on it will inherently be lower then others (CPI-U and CPI-W) which do not. What it ignores, some would say deliberately, is quality of life. (..)

http://www.bls.gov/cpi/cpieart…

What is important to understand is that the various schemes to cut the size of the Social Security COLA, including the one currently in place are cumulative. You have no doubt heard of the miracle of compound interest. Well, what these schemes amount to is negative compound interest being charged against our seniors. What is always left off the table is the question of what constitutes a living retirement, perhaps because it would lead to the related discussion of what constitutes a living wage. Instead we get a numbers game, divorced from the very social issue the number is supposed to address.

“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

William K. Black: Rep. Conyers Needs our Support to Kill the Sequestration’s Austerity

We have been strangling the economic recovery through economic incompetence — and worse is in store because President Obama continues to embrace (1) the self-inflicted wound of austerity, (2) austerity primarily through cuts in vital social programs that are already under-funded, and (3) attacking the safety net by reducing Social Security and Medicare benefits. The latest insanity is the sequester — the fourth act of austerity in the last 20 months. [..]

Obama continues to want to “force” a “grand bargain” in which he proposes to make large cuts to social programs, some tax increases, and reductions in the safety net. Again, Obama can easily break with this strategy of choking our economic recovery by supporting a clean bill that would kill the sequester instead of our economy.

The good news is that Representative John Conyers has made the Obama’s task simple by sponsoring exactly that clean bill in the one sentence form many of us have been urging: “Section 251A of the Balanced Budget and Emergency Deficit Control Act of 1985 is repealed.” Amen.

I propose that we launch an effort, open to all, to support Conyers’ bill and demand that our representatives in the House and the Senate promptly enact it.

New York Times Editorial: As the Cuts Hit Home

House Republicans were elated this week when their leader, John Boehner, made it clear that deep, automatic spending cuts would begin as scheduled on Friday. Incredibly, some consider the decision a victory.

As the cuts take effect, they will inflict widespread hardship. But some Americans will be hurt more than others, and the people who will be hurt the most are those who are already struggling. In the months ahead, an estimated 3.8 million Americans who have been unemployed for more than six months face a cut in federal jobless benefits of nearly 11 percent – or about $32 a week – all from the recent average weekly benefit of $292. And an estimated 600,000 low-income women and toddlers will be turned away from the federal nutrition program for women, infants and children, known as WIC. [..]

Why are the Republicans are so happy when they should be ashamed?

“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

Paul Krugman: Ben Bernanke, Hippie

Earlier this week, Mr. Bernanke delivered testimony that should have made everyone in Washington sit up and take notice. True, it wasn’t really a break with what he has said in the past or, for that matter, with what other Federal Reserve officials have been saying, but the Fed chairman spoke more clearly and forcefully on fiscal policy than ever before – and what he said, translated from Fedspeak into plain English, was that the Beltway obsession with deficits is a terrible mistake. [..]

So the deficit is not a clear and present danger, spending cuts in a depressed economy are a terrible idea and premature austerity doesn’t make sense even in budgetary terms. Regular readers may find these propositions familiar, since they’re pretty much what I and other progressive economists have been saying all along. But we’re irresponsible hippies. Is Ben Bernanke? (Well, he has a beard.)

New York Times Editorial: The White House Joins the Fight

President Obama made good on the promise of his second Inaugural Address on Thursday by joining the fight to overturn California’s ban on same-sex marriage. Having declared that marriage equality is part of the road “through Seneca Fall and Selma and Stonewall,” we can’t imagine how he could have sat this one out. [..]

The administration’s brief to the Supreme Court was a legally and symbolically important repudiation of Proposition 8, the 2008 voter referendum that amended California’s Constitution to forbid bestowing the title of marriage on a union between two people of the same sex – a right the California Supreme Court had found to be fundamental under the State Constitution.

With $85 billion across-the-board spending cuts, known as “the sequestration,” set to take effect this Friday, a new investigation reveals how billionaire investors, such as Peter Peterson, have helped reshape the national debate on the economy, the debt and social spending. Between 2007 and 2011, Peterson personally contributed nearly $500 million to his Peter G. Peterson Foundation to push Congress to cut Social Security, Medicare and Medicaid – while providing tax breaks for corporations and the wealthy. Peterson’s main platform has been the Campaign to Fix the Debt. While the campaign is portrayed as a citizen-led effort, critics say the campaign is a front for business groups. The campaign has direct ties to GE, JPMorgan Chase, Morgan Stanley and Goldman Sachs. Peterson is the former chair and CEO of Lehman Brothers and co-founder of the private equity firm, The Blackstone Group. For more, we speak to John Nichols of The Nation and Lisa Graves of the Center for Media and Democracy.

Sequestration Is Austerity, but Not Enough for Simpson and Bowles

by John Nichols, The Nation

Sequestration?

Cue the return of Alan Simpson and Erskine Bowles, frontmen for American austerity. [..]

The former Republican senator and defeated Democratic senate candidate who praises Paul Ryan’s budget don’t particularly like the death-by-slow-cuts of sequestration. They prefer a full frontal assault on the most vulnerable Americans and a redistribution of the wealth upward.

As President Obama has noted, Washington has already reduced the deficit by $2.5 trillion.

But the co-chairs of the failed National Commission on Fiscal Responsibility and Reform now want another $2.4 trillion.

To wit, in a “rehashed” plan to “Fix the Debt,” Simpson and Bowles are busy promoting schemes to “modernize…entitlement programs to account for” an aging population. That’s code for schemes to delay the point at which the hardest working Americans can get access to Social Security and Medicare.

Simpson and Bowles are arguing specifically for the adoption of “chained CPI.” That’s the assault on Social Security cost-of-living increases that Congressman Keith Ellison, D-Minnesota, correctly identifies as “a benefit cut.”

Remember who appointed these two charlatans to head the “National Commission on Fiscal Responsibility and Reform” when Congress refused to create it, Pres. Obama. Remember who embraced their recommendations when the committee failed to come to an agreement, Pres. Obama.

Remember who was privately financing the commission, Peter G. Peterson.

Sperling: Obama Wanted Sequester to Force Democrats to Accept Entitlement Cuts

by Jon Walker, FDL Action

The way Obama has handled basically every manufactured crisis from the debt ceiling, to the Bush tax cuts expiration, to the sequester has been about trying to force both Democrats and Republicans to embrace his version of a “grand bargain.” While it is clear this has been the driving force behind Obama’s decisions, if you pay close attention to his actions is is rare than an administration official will directly admit this. This is actually what I think it most interesting about the recently leaked email exchange between Bob Woodward and Gene Sperling up on Politico. Sperling wrote:

   But I do truly believe you should rethink your comment about saying saying that Potus asking for revenues is moving the goal post. I know you may not believe this, but as a friend, I think you will regret staking out that claim. The idea that the sequester was to force both sides to go back to try at a big or grand bargain with a mix of entitlements and revenues (even if there were serious disagreements on composition) was part of the DNA of the thing from the start. It was an accepted part of the understanding – from the start. Really. It was assumed by the Rs on the Supercommittee that came right after: it was assumed in the November-December 2012 negotiations. There may have been big disagreements over rates and ratios – but that it was supposed to be replaced by entitlements and revenues of some form is not controversial. (Indeed, the discretionary savings amount from the Boehner-Obama negotiations were locked in in BCA: the sequester was just designed to force all back to table on entitlements and revenues.)

Pres. Obama has close ties to Mr. Peterson, both want cuts to Social Security and Medicare. That the president is calling for tax increases is a cover so he can get away with unpopular cuts. If he can get a bipartisan agreement that cuts entitlements and raises taxes then everyone, and no one, is to blame. What John Walker said, “That is why even now Obama isn’t calling for the sequester to be simply repealed or delayed. Obama still wants to use this manufactured crisis to force congressional Democrats to betray their base by adopting Social Security cuts and get Republicans to accept revenue increases.”

This is a fine mess you’ve got us into, Barack.

“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

Glen Ford: Remember: Sequestration was Obama’s Idea

President Obama is a full partner with the Republicans in the latest episode of the manufactured disaster saga: sequestration. “The idea was to make every popular constituency in the country scream – and accept the inevitability of massive entitlement cuts.” It’s a goal shared by corporatists in both parties. [..]

Disaster capitalism is manifesting itself as disaster governance, and President Obama is fully complicit in the corporate-imposed charade. Indeed, Obama is most culpable for infecting the nation with austerity fever.

Robert Kuttner: The Sequestering of Barack Obama

President Obama has miscalculated both the tactical politics of the sequester and the depressive economic impact of budget cuts on the rest of his presidency. The sequester will cut economic growth in half this year. But it’s now clear, one way or another, that we will get cuts in the $85 billion range that the sequester mandates this fiscal year. All that remains are the details. [..]

Obama needs to do something that doesn’t come easily to him. He needs to demolish the previous terms of debate, some of them partly of his own making. He has warned Republicans that if they allow the sequester to destroy a fragile recovery, the burden will be on them. More broadly, he needs to disavow earlier mistaken policies that he embraced, such as the belief that targeting a lower debt ratio as an end in itself will produce a recovery. If he could embolden his thinking on such issues as same-sex marriage and gun control, he owes us no less on the economy. Otherwise, Obama will preside over the worst eight-year economic record of any Democratic president, and the steepest rate of decline in social spending. He will leave an economy even more unequal than the one that he inherited. He needs to find within himself the audacity to restore hope.

President Barack Obama’s campaign organization, “Obama for America” (OFA), is being reinvented as as a 501(c)(4) tax-exempt “social welfare group” that is not subject to federal contribution limits, laws that bar White House officials from soliciting contributions, or the stringent reporting requirements for campaigns. The goal is to raise $50 million  support of Mr. Obama’s second-term policy priorities, including efforts to curb gun violence and climate change and overhaul immigration procedures. Much like the alleged “grassroots” organizations, The Tea Party and Freedom Works, the new organization, now known as “Organizing for Action” (still OFA, so as not to confuse Obama supports), will derive most of its budget from a select group of donors who will each contribute or raise $500,000 or more. Sounds harmless? But wait, there’s more, as reported in The New York Times

But those contributions will also translate into access, according to donors courted by the president’s aides. Next month, Organizing for Action will hold a “founders summit” at a hotel near the White House, where donors paying $50,000 each will mingle with Mr. Obama’s former campaign manager, Jim Messina, and Mr. Carson, who previously led the White House Office of Public Engagement.

Giving or raising $500,000 or more puts donors on a national advisory board for Mr. Obama’s group and the privilege of attending quarterly meetings with the president, along with other meetings at the White House. Moreover, the new cash demands on Mr. Obama’s top donors and bundlers come as many of them are angling for appointments to administration jobs or ambassadorships. [..]

Many traditional advocacy organizations, including the Sierra Club and the National Rifle Association, are set up as social welfare groups, or 501(c)(4)’s in tax parlance. But unlike those groups, Organizing for Action appears to be an extension of the administration, stocked with alumni of Mr. Obama’s White House and campaign teams and devoted solely to the president’s second-term agenda.

The new OFA, which would be among the largest lobbying groups in Washington, will supposedly stay out of electoral politics, advocating only for progressive issues which as the article notes may be easier said than done as the 2014 midterm elections near. It’s already drawing fire from Democrats and watch dog groups that are accusing the group of selling access to President Barack Obama. Cole Leystra, executive director of former Sen. Russ Feingold’s Progressives United group said in a blog post http://www.huffingtonpost.com/…

(I)t was exactly “what selling access looks like.”

“It’s embarrassing that the largest grassroots organization in history would abandon its own beliefs,” wrote Leystra.

“Organizing for Action should embrace its base of grassroots donors as a model of participatory democracy, not shun them in the dash to rake in huge contributions from a wealthy and powerful few,” he added. “We cannot return to the days of soft money — when unlimited corporate contributions blurred the differences between the two political parties, and resulted in policies that slammed average working families while rewarding Wall Street.”

In an interview with Amy Goodman and Nermeen Shaikh, the president of the watch dog group Common Cause, Bob Edgar raised the main objections to the new and “improved” OFA:

The watchdog group Common Cause called on President Obama on Tuesday to shut down the nonprofit spinoff of his campaign committee, saying that the group effectively puts access to the president up “for sale.”

“If President Obama is serious about his often-expressed desire to rein in big money in politics, he should shut down Organizing for Action and disavow any plan to schedule regular meetings with its major donors,” said Bob Edgar, president of Common Cause. “Access to the President should never be for sale.”

Apparently Pres. Obama thinks that since the Koch Brothers and Pete Peterson can get away with influencing and misinforming voters with massive media campaigns and its paid shills on every talk show spouting the company line, so can he. Don’t be fooled, these groups are all the same: certainly not “grass roots” and definitely not for the people, unless they’re the rich ones.

“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

Sheila C. Bair: Grand Old Parity

I am a capitalist and a lifelong Republican. I believe that, in a meritocracy, some level of income inequality is both inevitable and desirable, as encouragement to those who contribute most to our economic prosperity. But I fear that government actions, not merit, have fueled these extremes in income distribution through taxpayer bailouts, central-bank-engineered financial asset bubbles and unjustified tax breaks that favor the rich.

This is not a situation that any freethinking Republican should accept. Skewing income toward the upper, upper class hurts our economy because the rich tend to sit on their money – unlike lower- and middle-income people, who spend a large share of their paychecks, and hence stimulate economic activity.

But more fundamentally, it cuts against everything our country and my party stand for. Government’s role should not be to rig the game in favor of “the haves” but to make sure “the have-nots” are given a fair shot.

Louise Erdrich: Rape on the Reservation

TWO Republicans running for Congressional seats last year offered opinions on “legitimate rape” or God-approved conceptions during rape, tainting their party with misogyny. Their candidacies tanked. Words matter. [..]

Having lost the votes of many women, Republicans now have the chance to recover some trust. The Senate last week voted resoundingly to reauthorize the Violence Against Women Act, the 1994 law that recognized crimes like rape, domestic abuse and stalking as matters of human rights.

But House Republicans, who are scheduled to take up the bill today and vote on it Thursday, have objected to provisions that would enhance protections for American Indians, undocumented immigrants and gay, lesbian, bisexual and transgender youth, among other vulnerable populations.

In an a cover story  for Time magazine, journalist Steven Brill spent seven months examining how medical bills are what is really killing us: the extraordinary costs of health care is a “bitter pill”  that nickels and dimes even the insured patient for every pill, band-aid and blanket:

Simple lab work done during a few days in the hospital can cost more than a car. A trip to the emergency room for chest pains that turn out to be indigestion brings a bill that can exceed the price of a semester at college. When we debate health care policy in America, we seem to jump right to the issue of who should pay the bills, blowing past what should be the first question: Why exactly are the bills so high? [..]

· Hospitals arbitrarily set prices based on a mysterious internal list known as the “chargemaster.” These prices vary from hospital to hospital and are often ten times the actual cost of an item. Insurance companies and Medicare pay discounted prices, but don’t have enough leverage to bring fees down anywhere close to actual costs. While other countries restrain drug prices, in the United States federal law actually restricts the single biggest buyer-Medicare-from even trying to negotiate the price of drugs.

· Tax-exempt “nonprofit” hospitals are the most profitable businesses and largest employers in their regions, often presided over by the most richly compensated executives.

· Cancer treatment-at some of the most renowned centers such as Sloan-Kettering and M.D. Anderson-has some of the industry’s highest profit margins. Cancer drugs in particular are hugely profitable. For example, Sloan-Kettering charges $4615 for a immune-deficiency drug named Flebogamma. Medicare cuts Sloan-Kettering’s charge to $2123, still way above what the hospital paid for it, an estimated $1400.

· Patients can hire medical billing advocates who help people read their bills and try to reduce them. “The hospitals all know the bills are fiction, or at least only a place to start the discussion, so you bargain with them,” says Katalin Goencz, a former appeals coordinator in a hospital billing department who now works as an advocate in Stamford, CT.

Mr. Brill was a guest on MSNBC’s “The Last Word“, he discussed with guest host Ezra Klein the costs of health care, who’s to blame and how we can fix the US broken health care system: