Tag: Politics

An outright default by Greece on nearly a half-trillion dollars of outstanding debt obligations would be a catastrophe for Greece, for its European creditor banks and for financial institutions everywhere as credit-default swaps on Greek debt worked their way through the derivatives markets. It does not need to happen, but barring an unexpected show of European political and economic leadership, that outcome is becoming increasingly likely.

The latest chapter in the sorry saga was written over the past week. At the insistence of European political leaders, Greece’s governing Socialists voted to apply another dose of growth-killing austerity to the country’s nearly inert economy. Austerity measures in the past have done more harm than good, but threatened with a cutoff of needed European loans, the Socialists saw no other responsible course. (Opposition conservatives ignored European pressures and voted no.)

David Cay Johnston: A Cosmic Visitor’s Take on Taxes

It is a human tendency to assume the world we are born into is as it should be — a Panglossian assumption that colors our understanding of the abstract, like tax policy.

To get grounded in what is, without assuming it is natural, let’s try a thought experiment. Imagine you are a researcher from a distant planet, part of a team sent to stealthily observe and report your findings. Telemetry has revealed the watery and volcanic nature of our planet, so you focus on the organized activities of Earth’s top sentients. Your protocol requires you to identify the biggest common enterprises first and then work your way down.

So what would lead your report? What is the biggest human enterprise? Industry? Digital activity? Military? Healthcare? Food production? No, the biggest enterprise, by far, is tax.

Nicholas D. Kristoff: Taxes and Billionaires

The House speaker, John Boehner, suggests that the Republican threat of letting the United States default on its debts is driven by concern for jobs for ordinary Americans.

“We cannot miss this opportunity,” he told Fox News. “If we want jobs to come to America, we’ve got to give American businesspeople the confidence to invest in our economy.”

So take a look at one of the tax loopholes that Congressional Republicans are refusing to close – even if the cost is that America’s credit rating blows up. This loophole has nothing to do with creating jobs and everything to do with protecting some of America’s wealthiest financiers.

David Sirota: Progressives Were Right: Obama’s Health Plan Not Solving Crisis

New Data Show Why Simply Having Insurance Isn’t Enough

 While the contest for the 2012 Republican presidential nomination is already revolving around conservative-themed attacks on “Obamacare,” back when the healthcare bill was being legislated, the most important debate was within the Democratic Party, which held large majorities in both houses of Congress. On one side were the drug companies, the insurance companies and President Obama — the latter who had not only disowned his prior support of single-payer healthcare but had also worked with his corporate allies to actively undermine a modest public insurance option. On the other side were progressives who opposed any bill which further cemented the private insurance industry as the primary mediator between doctors and patients.

Ultimately, Obama and his corporate-backed allies organized enough conservative Democrats in Congress to win, effectively turning healthcare “reform” into a blank-check TARP-style bailout for the health industry. But, of course, to even whisper that last truism is to now run the risk of being labeled a blasphemer in a conversation that can only tolerate misleading red-versus-blue analyses. In today’s national political debate, there are Republicans who insist “Obamacare” is a Canadian-style “takeover” of America’s healthcare system, and there are Democrats who insist that the health bill is a major Medicare-like achievement — any other argument, no matter how valid, has been vaporized by election-season pressure to fall in ideological line

Jim Hightower: Massey Energy’s Manmade Hellhole

In March of last year, Massey Energy Corp.’s official record book for recording unsafe conditions in its Upper Big Branch coal mine in West Virginia said flatly: “none observed.” It turns out that this was a flat-out lie. Just one month later, Upper Big Branch exploded, killing 29 miners and devastating their families.

Massey’s in-house “observers” had indeed found safety problems – as they often did in this shoddily run, notoriously dangerous mine. But the corporation kept a dual set of books in order to mislead state and federal safety regulators.

The official record book, which Massey and all other coal giants are required to keep for review by government inspectors, is filled with such rosy reports as “none observed.” But the true dangers at Upper Big Branch and other Massey mines have been secretly recorded in a set of internal books that executives kept sealed in the corporate closet.

On its current course, the United States is four weeks away from defaulting on its debt for the first time in its history. If that happens, businesses will fail. Financial institutions will fail. Home values will decline. Mortgage rates will skyrocket. Spending and investment will all but disappear. Social Security checks will stop being mailed. Everything from military pay to food inspection will be compromised, if not fully cut off. The millions upon millions of Americans who are unemployed or underemployed will be joined by millions more.

Across the world, America’s second financial collapse in three years will drag down already fragile economies in Europe, Latin America and Asia, potentially creating a “worldwide depression,” as Senate Majority Leader Harry Reid described it. In short, we would be thrown back deep into economic turmoil – only this time with even fewer tools to crawl our way out.

Joan Walsh: Standing up to hostage-takers

The president has already compromised too much over a debt ceiling that was raised seven times under President Bush

Over the weekend Massachussetts Gov. Deval Patrick had a fascinating op-ed in the Washington Post, describing a 2003 Harvard reunion with GOP anti-tax fanatic Grover Norquist (they were classmates). Norquist was bragging about creating a permanent Republican majority in America, and when some dreamer suggested there might be a Democrat in the White House again someday, Norquist made this promise: “We’ll make it impossible for him to govern like a Democrat.”

Norquist and his anti-tax jihadists made good on their word. President Obama is backing a debt ceiling “compromise” that is a fundamentally Republican, proposing $6 in spending cuts for every dollar in “revenue enhancement,” and even the little bit it does in the tax code only closes loopholes; it doesn’t touch tax rates, even on top earners. (But former Joe Biden economic advisor Jared Bernstein laid out a way to raise $1 trillion in revenue without even touching tax rates, and [it’s worth a look http://jaredbernsteinblog.com/… The GOP insists that closing tax loopholes must be paid for with a cut in tax rates, so the plan can stay “revenue neutral” – which is central to the “No Taxes Pledge” Norquist makes Republicans sign in blood. The wealthy in this country, along with corporations, now pay the lowest effective tax rates than they have for 50 years – and some still want more.

Amanda Marcotte: Because of The Implication

There’s no small amount of irony in the fact that I published this article about how the atheist movement dovetails with other social justice movements this particular week.  I was actually feeling pretty good about the whole thing, because I was writing it while traveling to CONvergence to speak at the invitation of Skepchick about the feminist depths of this issue, on a panel called “Women vs. God”, where we discussed fighting the religious right.  Talking about my commitment to feminism through an atheist angle always pleases me, since the two are firmly intertwined in my mind—religion and patriarchy are so intertwined as to be functionally the same thing in most ways, especially in the context of history.  Pulilng down one means pulling down the other, and I think it’s naive when anyone denies that and instead claims that there’s a way to preserve religion without patriarchy or vice versa.  I’m thinking long term here; obviously in the short term there are religious feminists and sexist atheists.

In fact, what makes all this ironic is I did get an eyeful this weekend of how serious the problem of sexism in the atheist/skeptical movement really is, and how much hard work needs to be done to get a male-dominated movement to take the problem of sexual harassment and female alienation seriously.

Theresa de Langis: Why Women Need to Be Part of the Peace Process

What is wrong with this picture?

After all, it looks like a typical photo of world leaders making decisions for their countries. That is precisely the problem. What’s wrong is the total absence of women-at the table, in the room, and, as a result, from the agenda at this meeting and too many meetings like it.

I worked with the United Nations in Afghanistan from 2008 to 2010 with women human rights defenders. Since coming back to the US, I am aware of the urgency in public calls to end our military involvement in Afghanistan, which means increasing pressure to negotiate with the Taliban for a political power sharing deal. Yet, I also hear in the back of my head the voices of Afghan women, who have warned all along, Don’t wager human rights, especially the fragile ones of women, for the sake of political expediency in striking a peace deal.

The photo portrays a three-way summit on June 24 hosted by Iranian President Mahmoud Ahmadinejad with Pakistani President Asif Ali Zardari and his Afghan counterpart, President Hamid Karzai. The goal of the meeting was to discuss “concern over a rising lack of security, extremism and terrorism,” and the need for “cooperation to combat these phenomena.” The day following the photo, Presidents Zardari and Karzai attended an international anti-terrorism conference, again hosted by Ahmadinejad. Also present was Sudan’s President Omar al-Bashir, wanted by the International Criminal Court on charges of war crimes, crimes against humanity, and genocide in Darfur, where rape was used rampantly as a weapon of war.

Linda McQuaig: Canada: Pomp, Pageantry and Unions

We surely seem to be living in conservative times – with the NDP trying to distance itself from all things socialist and the public apparently unable to sate its appetite for all things royal.

Certainly it’s easy to get the impression from the media that Canadians, content with their capitalist bounty, are primarily focused on the activities and outfits of the Royal Family.

So perhaps it’s out-of-sync with the times to suggest that we’re actually in the middle of a class war, and that it’s been heating up lately.

Of course, the genius of the architects of today’s conservative revolution has been to obscure the class war they’ve been quietly waging, keeping us distracted with foreign military ventures, royals and other celebrity sightings.

Behind all these diversions, the class war has been relentlessly proceeding. While incomes at the top have steadily climbed, incomes of ordinary Canadians have steadily eroded. The real median Canadian family income hasn’t risen since the late 1970s – even though today’s typical family now has two earners, compared to just one earner 30 years ago. In other words, Canadian families are working about twice as hard to keep up to where they were a generation ago.

This is the age of corporatized politics. That means we may admire our leaders, but we can’t depend on them. We’re paying the price for Thomas Jefferson’s unfulfilled desire to “crush in its birth the aristocracy of our monied corporations which dare already to challenge our government to a trial by strength, and bid defiance to the laws of our country.”

This July 4th, politics is too important to be left to the politicians. The stakes are too high and the system is too broken. Citizen action is everyone’s job now, and it will be as long as our political debate focuses on misplaced austerity and ignores the majority’s yearning for jobs, growth, and those things that government does best.

But the problem isn’t just with politicians, or even the system. The problem is dependence itself.

Jose Antonio Vargas: The America in Me

“You’ve been trying to write yourself into America,” my dear friend Teresa Moore said after she read an early draft of the essay I ended up submitting to the New York Times Magazine.

I first met Teresa in 1999, when I was a high school senior and wanted to freelance for YO!, short for Youth Outlook, the monthly magazine she edited. She was my very first editor, the one who can most attest to how much I struggled with writing, with finding just the right words, phrases and punctuation (should I use a comma or a dash or a semi-colon?) with trusting the texture and timbre of my own voice. Then and now, Teresa was always exacting, always insightful.

“You’re still trying to write yourself into America.”

Indeed, I am, perhaps now more than ever.

Holly Sklar and Scott Klinger: Real Patriots Pay Taxes

Some of our nation’s biggest corporations are planning a tax holiday and they want you to pick up the tab.

Actually, you already pay for their routine tax avoidance through the use of tax havens in Bermuda, the Cayman Islands and elsewhere. These accounting acrobatics cost the U.S. Treasury $100 billion a year. Now they want Congress to pass a special tax holiday for money they “repatriate” back to the United States.

There’s nothing patriotic about this repatriation being pushed by Google, Cisco, Pfizer and other companies in the Win America campaign. To sell the tax holiday, they claim it will produce a burst of jobs and investment. In fact, Congress passed a “one-time-only” tax holiday in 2004 with similar promises. Instead, it produced a burst of shareholder dividends and stock buybacks, which goosed the pay of CEOs.

New anti-immigration laws in Georgia, Alabama and South Carolina are cruel, racist and counterproductive.

If you thought the do-it-yourself anti-immigrant schemes couldn’t get any more repellent, you were wrong. New laws in Georgia, Alabama and South Carolina are following – and in some ways outdoing – Arizona’s attempt to engineer the mass expulsion of the undocumented, no matter the damage to the Constitution, public safety, local economies and immigrant families.

The laws vary in their details but share a common strategy: to make it impossible for people without papers to live without fear.

Eugene Robinson: Assassination by robot: Are we justified?

The skies over at least six countries are patrolled by robotic aircraft, operated by the U.S. military or the CIA, that fire missiles to carry out targeted assassinations. I am convinced that this method of waging war is cost-effective but not that it is moral.

There has been virtually no public debate about the expanding use of unmanned drone aircraft as killing machines – not domestically, at least. In the places where drone attacks are taking place, there has understandably been great uproar. And in the rest of the world, questions are being raised about the legal and ethical basis for these antiseptic missile strikes.

David Swanson: Memoirs of Torturers

On September 18, 2009, seven former heads of the CIA publicly told President Barack Obama not to prosecute CIA torturers. On April 16, 2009, Obama had already publicly told Attorney General Eric Holder not to prosecute CIA torturers. On September 18th, Holder publicly reassured the CIA.

The coast was clear. The books started flowing. George W. Bush and John Yoo put their books out in 2010, Donald Rumsfeld in 2011, and Dick Cheney’s also later this summer.

Just as the torture techniques drifted down the chain of command from these dealers in death to the rank and file, so too the book contracts. The cogs in the machine are now documenting their bit parts in the past decade’s torture epidemic with pride and publishing deals.

Dave Johnson: The Not-So-Loyal Opposition

In the debt-ceiling debate Republicans are holding the country hostage again, demanding that the country shift to a radical pro-big-corporate/big-wealth agenda as the ransom. At the same time the Tea Partiers say don’t raise the debt limit, period, and let the country default, hoping that out of the resulting chaos and desperation they can rebuild the economy in an Ayn Randian, rule-by-the-rich vision.

Either way, this is a radical, unprecedented attempt to redefine our form of government, largely privatizing for a few the wealth of We, the People while stifling our voice. If we give in to this extremist vision of cut and gut, America will lose the engine that made us prosperous.