Tag: Politics

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”.

Robert Reich: Why Mitch McConnell Will Win the Day

Senate Minority Leader Mitch McConnell’s compromise on the debt ceiling is a win for the President disguised as a win for Republicans. But it really just kicks the can down the road past the 2012 election – which is what almost every sane politician in Washington wants to happen in any event.

McConnell’s plan would allow the President to raise the debt limit. Congressional Republicans could then vote against the action with resolutions of disapproval. But these resolutions would surely be vetoed by the President. And such a veto, like all vetoes, could only be overridden by two-thirds majorities in both the House and Senate – which couldn’t possibly happen with the Democrats in the majority in the Senate and having enough votes in the House to block an override.

Get it? The compromise allows Republicans to vote against raising the debt limit without bearing the horrendous consequences of a government default.

No budget cuts. No tax increases. No clear plan for deficit reduction. Nada. The entire, huge, mind-boggling, wildly partisan, intensely ideological, grandly theatrical, game of chicken miraculously vanishes.

Until the 2012 election, that is.

David McCullough: Vive la Similarité

Consider that the war that gave birth to the nation, our war for independence, would almost certainly have failed had it not been for heavy French financial backing and military support, on both land and sea. At the crucial surrender of the British at Yorktown, for example, the French army under Rochambeau was larger than our own commanded by Washington. The British commander, Cornwallis, was left with no escape and no choice but to surrender only because a French fleet sailed into the Chesapeake Bay at exactly the right moment.

The all-important treaty ending the Revolutionary War, wherein King George III recognized the United States to be “free, sovereign and independent,” was signed in Paris. The plan for our new capital city on the Potomac was designed by a French engineer, Pierre Charles L’Enfant. The first great statue of our first president was the work of a French sculptor, Jean-Antoine Houdon. The first major study of us as a people, “Democracy in America,” was written by a French historian, Alexis de Tocqueville. Published in 1835, it remains one of the wisest books ever written about us.

Glen Ford Obama’s “Big Deal”: Wallowing with Pigs in Search of a Grand Center-Right Coalition

Barack Obama is salivating at the prospect of concluding his Big Deal with the Republicans, the one that will move the center robustly – even transformatively – to the Right, where this president really lives. The debt-limit deadline is Obama’s big chance to panic a significant part of the Democratic Party into joining in the rape of Social Security, Medicare and Medicaid. “When the debt-limit showdown arrives, pray for gridlock, which would at least mean there is still resistance to Republican extortion.”

President Obama says he’s determined to make the “big deal” with the Republicans – not like the little, piddling deals he has been cutting all along to benefit the corporate classes, but the BIG deal, the grand consensus he believes he was born to forge with the GOP. Although it’s true that it will take a whopper of a deal to outclass the bipartisan joint venture that transferred $14 trillion to Wall Street, the vast bulk of it on Obama’s watch, the First Black President is nothing if not ambitious. Obama’s Big Deal is actually the coup de grace for Franklin Roosevelt’s New Deal and Lyndon Johnson’s Great Society – relics, like Black activism, standing in the way of a post-everything world.

Nicholas D. Kristof: The Opposing Party

Confused about the position of Congressional Republicans on the economy? Good. You should be.

Senator Mitch McConnell has a clever plan to resolve the federal debt impasse. Congressional Republicans would invite President Obama to raise the debt ceiling on his own, and then they would excoriate him for doing so.

Hm. Just a bit contradictory?

Meanwhile, the impasse arose because Congressional Republicans thunder against government red ink, yet refuse to raise revenue by ending tax breaks that help Warren Buffett pay a lower tax rate than his receptionist (which he agrees is preposterous).

Another contradiction? Of course.

E.J. Dionne, Jr.: Obama Can’t Celebrate Yet

The wounded are especially dangerous fighters. President Barack Obama now occupies the high ground in the debt ceiling debate, having called the Republicans’ bluff on the debt. He showed that deficit reduction is not now, and never has been, the GOP’s priority. He dare not get overconfident.

After thwarting the deal that House Speaker John Boehner was cooking up with Obama, Rep. Eric Cantor, the majority leader and Boehner’s rival, needs to show he knew what he was doing and recoup political ground. Cantor is likely to present Obama with spending cuts that the president once seemed to endorse as part of a large deal but will have to reject now that the big agreement is dead. There is still a lot of danger out there.

Michelle Chen: Violence Against Migrant Women Won’t End After DSK Case

The media circus surrounding the Dominique Strauss-Kahn rape case dishes out more drama each day, with a side of lurid fascination. But we basically know how the story ends. The narrative of the immigrant housekeeper assaulted by a European official perfectly illustrates an axiom of violence and power: the wider the gap between genders and races, the greater the latitude of injustice.

Yet the same story plays out every day on an endless loop around the globe: a retaliatory rape against a young girl sends a warning to the enemy militia; a wife is pummeled into bloody silence, her bedroom beyond the purview of traditional local courts; a daughter is married off to pay down a farm debt. The stories weave into a pattern that a media-fatigued public has come to normalize.

Robert C. Koehler: Panetta’s Iraq Invasion Gaffe

Leon Panetta, on his first visit to Iraq as secretary of defense last weekend, reached for a Bush moment ten years too late

“The reason you guys are here is because on 9/11 the United States got attacked,” he said to the assembled troops at Camp Victory in Baghdad, according to the Washington Post. “And 3,000 Americans – 3,000 not just Americans, 3,000 human beings, innocent human beings – got killed because of al-Qaida. And we’ve been fighting as a result of that.”

Yeah, oops, gaffe, Mr. Secretary, right? That Iraq-al-Qaida connection thingy isn’t in the spin anymore, and Panetta’s assistant had to mop up afterwards, making sure no one misinterpreted the boss’s remarks as reopening an old “debate” by reiterating a long-abandoned lie.

Send In The Drones: Crisis In Somalia

Somalia is suffering the worst food shortage in 60 years.

The combination of severe drought and a conflict in Somalia is driving people across its borders as they seek food, water and safety. Almost half the children arriving in refugee camps in Ethiopia from southern Somalia are malnourished. This is a very visible tragedy of families who’ve walked for weeks, their children growing weak with hunger, in need of assistance.

Consecutive poor rainy seasons have resulted in communities struggling year after year, never fully recuperating from previous droughts. Few resources have been made available to ensure families recover and to mitigate future crises.

In some cases, a phenomenon called “green drought” has led to misunderstandings about what families are facing. “Green drought” gives the faulty appearance of a lush landscape when light rain causes greenery to spring up from the earth. Unfortunately, this vegetation is often inedible, leaving people without enough food to eat. To outsiders it seems unbelievable.

In other cases, families are facing a food shortage due to a lack of land on which to grow crops. Land is passed down to children and, over the years, the available plots to produce food have been growing smaller and smaller. With the added pressures of erosion, there is rarely enough land to grow the food needed, despite how much or how little it rains.

These challenges, combined with climate change, extreme and consistent poverty and conflict are just some of the causes of this grave situation.

UNICEF has resumed airlifts into parts of Somali controlled by militants with the blessings of said militants:

Last week, al-Shabab said it welcomed the return of humanitarian groups into the areas it controls.

Also Wednesday, the African Union said it is working with AU peacekeepers to increase security in Somalia to ensure that humanitarian assistance gets to Somalis who need it. An AU spokesman said the African Union is helping to secure both the seaport and the airport, making it possible to bring in the aid supplies.

He also said former Ghanaian president Jerry Rawlings will soon go to Somalia to assess the situation for the African Union.

Earlier Wednesday, the U.N. World Food Program said it may resume operations in southern Somalia if security conditions allow. The WFP halted its work in areas controlled by al-Shabab last year, citing threats and extortion demands.

While the United States response of $5 million to assist the relief effort is admirable, the US is  more concerned about counter-terrorism. As reported by Jeremy Scahill in The Nation, our government in their wisdom has been running a fortified compound near the capital’s airport for training Somali intelligence agents in counterterrorism and a prison in the basement of Somalia’s National Security Agency headquarters for detaining suspected terrorists. Umm, so much for ending those secret prisons that Obama’s supporters will swear have been all closed.

The US has been ratcheting up operations in Somalia for months and has admitted to sending unmanned drones and then marines to collect the bodies of the miltants.. How many wars does this make now in the no longer existent Global War On Terror? 5? 6? I’m losing count.

Glen Ford of the Black Agenda Report rightly asserts that the US has helped exacerbate this crisis by militarization of the region:

The Americans blame the al-Shabab resistance for exacerbating the drought emergency, but for at least two years the Americans have used food as a weapon of war in Somalia, in an effort to starve out those who might be supporting the Shabab. The U.S. has armed an array of militias operating near the Ethiopian and Kenyan borders, making normal agricultural pursuits all but impossible, and the current world-class catastrophe, inevitable.

Whenever the U.S. ratchets up its armed interventions in Somalia, disaster follows. Four years ago, after the Americans instigated an Ethiopian invasion of Somalia to overthrow an Islamist government that had brought a semblance of peace to the region, it set off what the United Nations then called “the worst humanitarian crisis in Africa – worse than Darfur.” Today, many of those same refugees are confronted with the worst humanitarian crisis on the planet – once again, largely courtesy of the United States.

Maybe if the government defaults, they’ll have to end this madness.

Countdown with Keith Olbermann

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Congressional Game of Chicken: McConnell’s Plan: Let Obama Do It

Confused? You aren’t alone. The latest twist in the Rube Goldberg labyrinth of political maneuvering by the GOP to limit Barack Obama to one term has everyone scratching their heads.

Sen. Mitch McConnell’s “contingency plan” to let Obama raise the debt ceiling in a series of steps from now until after the 2012 elections at first glance looks like the greatest deal ever. On closer inspection of the term, may be the deal with the devil and it all depends on who you read, if you can figure out just what it is that’s being offered;

Basically the proposal is this: the deal that allows Republicans to vote no on raising the ceiling, then allows Obama to veto them and each time he must submit imaginary budget cuts which they can refuse to pass.

Got it? Well, neither does anyone else. McConnell seems to think that this will shift the onus of the artificial debt/deficit crisis that the GOP created onto the president. Reactions vary even within the left and the right:

Atrios:

What’s The Big Deal?

I don’t think it matters if they force Obama to come up with spending cut proposals that won’t go anywhere. He can just turn the whole thing into a farce, and do things like proposing to zero out the defense budget in year 10 or other things which obviously won’t happen.

Josh Marshall:

I don’t get why any Dems would see this as an “evil genius” move on McConnell’s part. Unless of course you’re inherently afraid of facing the voters with what you actually think is the best policy for the country (not a hypothetical for many Democrats). My take though is that it’s not evil genius at all. It’s hitting the escape hatch. It looks on the surface like it’s terrible politics for the Democrats but only if you never leave the DC bubble.

Judd Legum:

Senate Minority Leader Mitch McConnell is proposing a new plan that would give the Republicans everything they want – $2.5 trillion in spending cuts – plus 12 new chances to blame Obama for everything.

Steve Benen:

Following up on the last post, the details of Senate Minority Leader Mitch McConnell’s (R-Ky.) contingency plan for the debt ceiling are still coming together. At this point, I’m still not sure what to make of it, except to marvel at its Rube Goldberg complexity.(If Republicans simply took five minutes to pass a clean bill, the way they did seven times in eight years when Bush was in office, it’d save everyone a lot of headaches.)

A couple of things seem clear at this point. The first is that McConnell realized the talks were going nowhere – Democrats would continue to ask Republicans to compromise and the GOP would continue to refuse. That doesn’t only lead to a catastrophic outcome, it also makes Republicans look ridiculous. He needed a safety valve to get out of this – one that wouldn’t need new revenue – and this new plan fits the bill.

The second is that McConnell cares far more about politics and process than policy outcomes. His new scheme is cowardly and kind of pathetic to the extent that it shifts power away from Congress, but it will force a whole lot of votes on the debt, which the Minority Leader hopes will make Democrats feel uncomfortable. If a proposal leads to votes that can be used in attack ads, Mitch McConnell is necessarily pleased. If the proposal allows Republicans to vote against debt ceiling extensions without crashing the economy, he’s even more pleased.

It’s the practical details of the process that I’m still fuzzy on. Greg Sargent reported:

   [A]s McConnell said today, you would need two-thirds of both Houses of Congress to block Obama’s requests for the debt ceiling hikes. If the House and Senate did pass resolutions of disapproval, Obama would presumably veto them – requiring two thirds of both Houses to override the vetoes. […]

   At bottom, McConnell’s proposal is the latest GOP line on the debt ceiling – it’s Obama’s problem, not ours – taken to its logical and legislative conclusion.

Right. When John Boehner said earlier that the entire crisis isn’t his “problem,” the Speaker was probably being literal, or at least aspirational.

The one question I can’t find a solid answer to is what, if anything, would be cut and by how much. The Hill reported the administration would be required to “suggest spending cuts” to accompany three separate requests to raise the debt ceiling, “but would not require such cuts.” Obama could not, under this scenario, recommend new revenue.

If that’s right, then McConnell seems to be blinking awfully hard.

In other words, in this little scenario, President Obama would have to offer proposals for spending cuts, with no corresponding measures to raise revenue. But it also appears that these proposed cuts from the White House need not even be serious – Obama could present plans he doesn’t take especially seriously, with the full expectation that Congress could and probably would reject them.

It would make the process needlessly ugly and stupid, but McConnell’s plan would seem to allow for a debt-ceiling increase with no guarantee of any spending cuts at all. Republicans would get a bunch of chances to grandstand, and rant and rave about Democrats, while putting all of the onus on the White House, but that’s not much. Republicans were going to grandstand, rant, rave, and point fingers anyway.

Digby

The deal is certainly preferable on policy grounds to gutting Social Security, Medicare and Medicaid in a Grand Bargain. But it isn’t clean and it isn’t free. It feels like the death by a thousand cuts instead.

And Redstate where they are apoplectic:

Mitch McConnell is right now talking about making a historic capitulation. So fearful of being blamed for a default, McConnell is proposing a compromise that lets Barack Obama raise the debt ceiling without making any spending cuts at all..

Polling shows Americans are focused on jobs and the economy as priorities and either don’t care or don’t understand the ramifications of this tempest in the DC cesspool. They want the government to focus on creating jobs and, actually, want taxes raised on the wealthy. Truthfully, unless these entrenched egomaniacs don’t start doing what they were elected to do, they should all be on the unemployment lines in January of 2013.

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”.

Robert Sheer: The GOP’s Sick Priorities

How deceptive for politicians to stress “entitlements” when they talk about gutting Social Security and Medicare, two programs long paid for by their beneficiaries. The Republicans make it sound as if they’re doing us a favor, cutting government waste by seeking to strangle America’s two most successful domestic programs. And now Barack Obama seems poised to join their camp in undermining the essential lifeline for most of the nation’s seniors, many of whom lost their retirement savings in the banking meltdown.

These threatened programs are not government handouts to a privileged class, like defense contractors and bailed-out bankers, who do feel eminently entitled to pig out at the federal trough. On the contrary, Social Security and Medicare have been funded by a regressive tax that falls disproportionately on working middle-class income earners, while caps in the system leave the wealthy-most notably the hedge fund hustlers who helped cause today’s economic crisis-largely untaxed.

Jonathan Schell: The Fall of the House of Murdoch

New York – During the four decades since the Watergate affair engulfed US President Richard Nixon, politicians have repeatedly ignored the scandal’s main lesson: the cover-up is worse than the crime. Like Nixon, they have paid a higher price for concealing their misdeeds than they would have for the misdeeds alone.

Now, for once, comes a scandal that breaks that rule: the United Kingdom’s phone-hacking affair, which has shaken British politics to its foundations. Over the past decade, the tabloid newspaper The News of the World, owned by Rupert Murdoch’s News Corporation, targeted 4,000 people’s voicemail. The list includes not only royalty, celebrities, and other VIPs, but also the families of servicemen killed in Afghanistan and Iraq, and those of victims of the July 2005 terrorist attack in London.

New Tork Times Editorial: A Pathway Out of the Debt Crisis

Political gain, not economic sense or sound policy, has always been at the core of Republican strategy on the debt-ceiling talks – a cynical ploy to appear serious about cutting spending while actually holding hostage the nation’s strong credit rating. Now that the real risks to their strategy are becoming apparent, including the possibility of cutting off Social Security checks, the more experienced members of the party are beginning to rethink their plans.

On Tuesday, Senator Mitch McConnell, the Republican leader, proposed a convoluted fallback solution that would at least defuse the crisis his party created a few weeks ago by threatening to force the country into default on its national debts.

snip

All Mr. McConnell wants is the ability to yoke the debt increase to Mr. Obama, and his offer gives him two extra chances to do so. He hopes the maneuver will help his party win back the Senate and the White House, which remains a long shot. But at least he is no longer holding the economy hostage to his goals. It is now time for the House to reach a similar conclusion.

Amy Goodman: Soldier Suicides and the Politics of Presidential Condolences

President Barack Obama just announced a reversal of a long-standing policy that denied presidential condolence letters to the family members of soldiers who commit suicide. Relatives of soldiers killed in action receive letters from the president. Official silence, however, has long stigmatized those who die of self-inflicted wounds. The change marks a long-overdue shift in the recognition of the epidemic of soldier and veteran suicides in this country and the toll of the hidden wounds of war.

The denial of condolence letters was brought to national prominence when Gregg and Jannett Keesling spoke about the suicide of their son, Chancellor Keesling. Chance Keesling joined the Army in 2003. After active duty in Iraq, he moved to the Army Reserves, and was called back for a second deployment in April 2009. The years of war had taken a toll on the 25-year-old. As his father, Gregg, told me: “He was trained for the rebuilding of Iraq. He was a combat engineer. He operated big equipment and loved to run the big equipment. Finally, he was retrained as a tactical gunner sitting on top of a Humvee. Because there was really very little rebuilding going on.”

Jim Hightower: Tracking US Recession with the RPI (Regular People’s Index)

Economists and politicians keep their fingers on the pulse of the Dow Jones Average, following every tick of this narrow measure of Wall Street wealth.

But the truer indicator of America’s economic health is in the Doug Jones Average – how are workaday folks like Doug and Doreen doing? After all, the experts tell us that we’re now entering the third year of a glorious economic recovery from the Great Recession, so surely the bluebirds of happiness are chirping again in Dougland. But, listen: silence.

What killed off the bluebirds is the same greed of moneyed elites that caused the crash. Since the recession ended in July 2009, CEO pay is back in the stratosphere, corporate profits are up by nearly half, corporations are sitting on a record $2 trillion in cash, and the perky Dow Jones Average has soared by a delirious 90 percent, with nearly all of that gain being pocketed by the wealthiest 10 percent of Americans who own more that 80 percent of all stocks and bonds. The sounds you hear up there are the pop-pop-pop of Champagne corks.

Tom Engelhardt: Is the Obama National Security Team a Pilotless Drone?

George W. who?  I mean, the guy is so over.  He turned the big six-five the other day and it was barely a footnote in the news.  And Dick Cheney, tick-tick-tick.  Condoleezza Rice?  She’s already onto her next memoir, and yet it’s as if she’s been wiped from history, too?  As for Donald Rumsfeld, he published his memoir in February and it hit the bestseller lists, but a few months later, where is he?

And can anyone be surprised?  They were wrong about Afghanistan.  They were wrong about Iraq.  They were wrong about Saddam Hussein’s weapons of mass destruction.  They were wrong about what the US military was capable of doing.  The country imploded economically while they were at the helm.  Geopolitically speaking, they headed the car of state for the nearest cliff.  In fact, when it comes to pure wrongness, what weren’t they wrong about?

Americans do seem to have turned the page on Bush and his cronies.  (President Obama called it looking forward, not backward.)  Still, glance over your shoulder and, if you’re being honest, you’ll have to admit that one thing didn’t happen: they didn’t turn the page on us.

Christine Hines: Lawsuit Abuse, Indeed

A product malfunctions causing severe injury to your eight year old son. A corporation lays off your neighbor without reason after thirty years of service and age discrimination is suspected. The scenarios in which you or someone you know and care about may need to go to court are limitless, as are the potential consequences if HR 966 gets passed.

The House Judiciary Committee just approved the “Lawsuit Abuse Reduction Act,” HR 966 AKA “LARA.”

   Unfortunately, for anyone who cares about justice or about wise uses of their taxpayer dollars, HR 966 is yet another example of bills to add to the long list of “Clear Skies” and other let’s-call-this-bill-the-exact-opposite-of-what-it-actually-is-bills.

If the title wasn’t bad enough, the bill by Rep. Lamar Smith and Senator Charles Grassley, who sponsored the Senate version, S. 533, is deceptively cloaked in technical terms. What better way for Congressional lawmakers to slip this past ordinary citizens (the ones who will be at an even greater disadvantage if LARA moves forward as feared).

“Collateral Murder”

One of the many things that PFC. Bradley Manning has been accused of is the release of the “Collateral Murder” video which depicted the indiscriminate murder of innocent civilians and two Reuters journalists by an Apache helicopter crew in a suburb of Baghdad. Now former soldiers who were members of the ground troops are coming forward and speaking out about the video, illegal orders and how the media is unfairly depicting Manning to to cover up war crimes. These brave men are calling Manning a hero if he is indeed the person who released that video.

One of the responses was a criticism of how Manning is being used to propagandized the war by journalists, specifically referencing a personal profile of Manning by Stephen Fishman in the New York magazine. The article written by former Army Specialist Ethan McCord, who served in Bravo Company 2-16, the ground troops involved in the “Collateral Murder” video, is published in its entirety by Glenn Greenwald. Here is just a little of what Spec. McCord wrote:

Serving with my unit 2nd battalion 16th infantry in New Baghdad Iraq, I vividly remember the moment in 2007, when our Battalion Commander walked into the room and announced our new rules of engagement:

“Listen up, new battalion SOP (standing operating procedure) from now on: Anytime your convoy gets hit by an IED, I want 360 degree rotational fire. You kill every [expletive] in the street!”

We weren’t trained extensively to recognize an unlawful order, or how to report one. But many of us could not believe what we had just been told to do. Those of us who knew it was morally wrong struggled to figure out a way to avoid shooting innocent civilians, while also dodging repercussions from the non-commissioned officers who enforced the policy. In such situations, we determined to fire our weapons, but into rooftops or abandoned vehicles, giving the impression that we were following procedure.

snip

The video released by WikiLeaks belongs in the public record. Covering up this incident is a matter deserving of criminal inquiry. Whoever revealed it is an American hero in my book.

snip

Fishman removes politics from a story that has everything to do with politics. The important public issues wrapped up with PFC Manning’s case include: transparency in government; the Obama Administration’s unprecedented pursuit of whistle-blowers; accountability of government and military in shaping and carrying out foreign policy; war crimes revealed in the WikiLeaks documents; the catalyzing role these revelations played in democratic movements across the Middle East; and more.

Demonizing and discrediting those who expose the criminality and corruption is now the weapon of choice by journalists and the media that wish to be subservient to a corrupt government. As Greenwald said in his article:

Who needs White House fear-mongers, propagandists, plumbers and character assassins when so many in the establishment press compete so vigorously to perform those functions instead?

Manning is now being held at Ft. Leavenworth, KS after being subjected to months of conditions that amounted to torture in the brig at Quantico Marine Base. The U.N.’s top official on torture, Juan Mendez, announced last December that his office would formally investigate those conditions and has repeated requested private access to talk to Manning. He has been repeatedly refused permission by the Obama administration. Mendez is publicly accusing the Obama administration of violating U.N. rules. Considering the Obama administrations attack on whistle blowers and the continued refusal to prosecute the crimes they expose, they are very likely afraid of what Manning would say to Mendez.

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

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”.

Eugene Robinson: Something to Squawk About

Washington has many lazy habits, and one of the worst is a reflexive tendency to see equivalence where none exists. Hence the nonsense, being peddled by politicians and commentators who should know better, that “both sides” are equally at fault in the deadlocked talks over the debt ceiling.

This is patently false. The truth is that Democrats have made clear they are open to a compromise deal on budget cuts and revenue increases. Republicans have made clear they are not.

Put another way, Democrats reacted to the “grand bargain” proposed by President Obama and House Speaker John Boehner by squawking, complaining and highlighting elements they didn’t like. This is known throughout the world as the way to begin a process of negotiation.

Republicans, by contrast, answered with a definitive “no” and then covered their ears. Given the looming Aug. 2 deadline for default if the debt ceiling is not raised, the proper term for this approach is blackmail.

John Nichols: If Obama Hikes Medicare Eligibility Age, That Will Be A Twelve Percent Benefit Cut

The word in Washington is that President Obama has, in negotiations with congressional Republicans, offered to raise the Medicare eligibility age from 65 to 67.

A report in the Washington Post quoted “a Democratic official familiar with the discussions,” while other media outlets quoted multiple unnamed sources with knowledge of the talks the president and congressional leaders have been engaged in with regard to raising the debt ceiling. All the reports suggest that Obama would trade the change in the eligibility age for a Republican agreement to accept some new taxes.

Obama essentially acknowledged as much Monday, when he said: “I’m prepared to take significant heat from my party to get something done.”

And rightly so.

Mark Weisbrot: Why the Euro Is Not Worth Saving

The Euro is crashing today to record lows against the Swiss Franc, and interest rates on Italian and Spanish bonds have hit record highs. This latest episode in the Eurozone crisis is a result of fears that the contagion is now hitting Italy. With a two-trillion dollar economy and $2.45 trillion in debt, Italy is too big to fail and the European authorities are worried. Although there is currently little basis for the concern that Italy’s interest rates could rise high enough to put its solvency in jeopardy, financial markets are acting irrationally and elevating both the fear and the prospects of a self-fulfilling prophesy. The fact that the European authorities cannot even agree on how to handle the debt of Greece – an economy less than one-sixth the size of Italy – does not inspire confidence in their capacity to manage a bigger crisis.

The weaker Eurozone economies – Greece, Portugal, Ireland, and Spain – are already facing the prospect of years of economic punishment, including extremely high levels of unemployment (16, 12, 14 and 21 percent, respectively).  Since the point of all this self-inflicted misery is to save the Euro, it is worth asking whether the Euro is worth saving. And it is worth asking this question from the point of view of the majority of Europeans who work for a living, i.e., from a progressive point of view.

James M Cypher: Nearly $2 Trillion Purloined from US Workers in 2009

In 2009, stock owners, bankers, brokers, hedge-fund wizards, highly paid corporate executives, corporations, and mid-ranking managers pocketed-as either income, benefits, or perks such as corporate jets-an estimated $1.91 trillion that 40 years ago would have collectively gone to non-supervisory and production workers in the form of higher wages and benefits. These are the 88 million workers in the private sector who are closely tied to production processes and/or are not responsible for the supervision, planning, or direction of other workers.

From the end of World War II until the early 1970s, the benefits of economic growth were broadly shared by those in all income categories: workers received increases in compensation (wages plus benefits) that essentially matched the rise in their productivity. Neoclassical economist John Bates Clark (1847-1938) first formulated what he termed the “natural law” of income distribution which “assigns to everyone what he has specifically created.” That is, if markets are not “obstructed,” pay levels should be “equal [to] that part of the product of industry which is traceable to labor itself.” As productivity increased, Clark argued, wages would rise at an equal rate.

George Zornick: Will Eric Cantor’s Financial Backers Allow Him to Kill a Debt Ceiling Increase?

House Democrats are circulating a resolution accusing majority leader Eric Cantor of a salacious conflict of interest: he owns shares in a fund that takes a short position on long-dated government bonds, which in layman’s terms means Cantor stands to profit if the government defaults on its debt, and so probably shouldn’t be such a prominent negotiator in the ongoing debt ceiling talks.

It’s a juicy bit of meat, but the attack is actually pretty silly. According the resolution, which was obtained by the Huffington Post, Cantor’s shares in that fund total $3,300, and it’s quite a stretch to imagine that someone who is worth as much as $7.7 million would tank the US economy in order to profit on such a paltry investment. (As Cantor’s spokesman also pointed out, his $263,000 government pension means he would lose more than he would gain if the government defaulted anyhow).

Cantor is a good target for Democrats, as he is now back in the driver’s seat of his party’s debt limit talks after House Speaker John Boehner was unable to win a large-scale deal. However, if one is to examine Cantor’s finances in search of a motive-and the finances that really matter, his campaign account and leadership PAC-a different story emerges. Cantor, much like the GOP as a whole, is so thoroughly beholden to Wall Street firms it’s hard to imagine he won’t agree to a deal by August 2.

Robert Weiner and John Horton,: End Trickle Down Economics to Pay Off Debt

President Obama has given speech after speech calling on Congress to reduce tax breaks for the wealthy to balance the budget. When President Clinton left office, the budget had been balanced for four consecutive years with surpluses projected through 2011. The tax rate for the wealthiest 2 percent of wage earners was 39.6 percent. President George W. Bush, however, chose to pursue the system of so-called “trickle-down” economics through tax breaks for the wealthiest Americans.

The result: surplus turned into deficit. By the end of Bush’s second term, the United States was embroiled in the gravest financial crisis since the Great Depression.

Trickle-down economics has not worked since Herbert Hoover tried it. It is a myth that adding money to the wealthy through tax cuts stimulates jobs and grows the economy. Under Democratic presidents since 1930 who have emphasized people programs and resisted tax breaks for the richest, annual growth in GDP has averaged 5.4 percent, according to Commerce Department and Office of Management and Budget statistics.

Mike Farrell: Extremely Unctuous

Raised in the Catholic Church, I was a pretty confused kid. Father O’Reilly, one of the priests at St. Peter’s, the church our family attended most of the time, spoke with such a pronounced brogue that I couldn’t follow him. But I didn’t understand the Mass either, so I smiled and pretended he made sense, just accepting him on faith along with the rest of it.

But at some point it all began to itch. Ours was the “One True Faith” and everyone else was damned to hell. Really? That was tough to think about, because some non-Catholics we knew seemed like pretty nice folks-well, most of them, anyway. And what about the people in Africa and other places who maybe never even had a chance to know about Jesus and Peter, The Rock Upon Which He Built His Church?

Hell for everybody but us? It clearly made some feel special, but I couldn’t make it sit right.

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

Obama: “Die Quickly”

We are doomed and so are our future generations.

President Obama at today’s (7/11) press conference:

As for Social Security, which he acknowledged is not the source of any deficit problems, he basically said that, as long as we’re doing a big deal, we might as well throw that in. “The reason to include that in this package is, if you’re going to take a bunch of tough votes, you might as well do it now,” Obama said.

Obama Offered To Raise Medicare Eligibility Age As Part Of Grand Debt Deal

by Sam Stein

According to five separate sources with knowledge of negotiations — including both Republicans and Democrats — the president offered an increase in the eligibility age for Medicare, from 65 to 67, in exchange for Republican movement on increasing tax revenues.

The proposal, as discussed, would not go into effect immediately, but rather would be implemented down the road (likely in 2013). The age at which people would be eligible for Medicare benefits would be raised incrementally, not in one fell swoop.

snip

A proposal to raise the eligibility age for Medicare — which was part of a budget plan put forth by Sens. Joseph Lieberman (I-Conn) and Tom Coburn (R-Okla.) — would face steep opposition from within the Democratic Party. The amount of money it would save is also relatively small, as the vast majority of Medicare funding is spent on more elderly populations. The Congressional Budget Office has estimated that if the Medicare eligibility age was increased from 65 to 67, the federal government would save $124.8 billion between 2014 and 2021.

Paul Krugman, Conscience of a Liberal

That’s a truly cruel idea; as it happens, I know several people who are hanging on, postponing needed medical care, hoping that they can make it to 65 before something terrible happens. And if I know such people in my fairly sheltered social circles, just imagine how widespread such stories must be.

But beyond that, think about what it means to move people out of Medicare into private insurance, if they can get it.

Medicare has its problems – but all the evidence says that it is substantially more cost-effective than private insurance. Partly this is because it has lower administrative costs; partly it’s because Medicare is able to use its market power to negotiate lower prices. And the international evidence is overwhelming: single-payer systems are much cheaper than systems centered on private insurance.

So think of this as a national interest thing rather than a budget thing: Lieberman is proposing that we move a substantial number of older Americans into a worse, more expensive health care system. Why would you want to do such a thing, as opposed to raising enough additional revenue to keep them on Medicare?

Where is the outrage?

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