Tag Archive: government shutdown

Jan 25 2019

Trump’s Retreat

I’ve been saying this to my family and friends since the Trump-McConnell shutdown began: when this starts to impact air traffic it will end immediately. Seems I was prescient. On Wednesday the head of the Air Traffic Controllers Association along with the unions for pilots and flight attendants warned that the shutdown was imperiling aviation …

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May 03 2017

Please define what a good government shutdown means?

Little Donnie got his feefees hurt by Democrats. The spending bill that will fund government until December was a loss for him, or at least that’s what he heard the other morning on Fox and Friends. So Donnie went on a Twitter tear, threatening to shut down the government if he doesn’t get his way. …

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Oct 17 2013

Go Ahead, Celebrate – You’re Celebrating Failure

Not you at the Stars Hollow Gazette. You know who.

Well it seems this continuing debacle every 3 months has ceased, for now. However, I really can’t get over this pathetic celebration over the really low bar involved with regard to avoiding what I call a political default on the public debt. This is the same embarrassing type of celebration that ensued in 2011. We need to get real. Despite the government being opened up again, there’s nothing to celebrate. We’ve already lost. After all, the debt ceiling was a precious gift Obama bestowed onto John Boehner in the 2010 tax deal as he put his full faith in Speaker John Boehner hands, as he took the full faith and credit of the United States hostage.

Of course, it was a deal struck between both of them to put who they called the “extremists” of both their parties in check, for a grand bargain like in 1983 when Tip O’Neil and Ronald Reagan cut social security. President Obama and Speaker Boehner weren’t fooling everyone, though. Just those involved in their hyper deluded, hyper partisan, claptrap. To some of us, this was entirely predictable and preventable. Now people are suffering because some people, blinded by their hyper-loyal partisan illusions, couldn’t or didn’t want to see what was there. Maybe their lack of sight reveals they don’t really care? It doesn’t matter though. This will continue to be what we go through when some of this crap continues again in 4 months in February, regardless.

This austerity government will reopen at sequester levels of funding; a sequester I predicted would be born out by the stupid Super Committee from the super austerity Budget Control Act of 2011, which I saw was inevitable since the 2010 tax deal led to the first, now ongoing, debt ceiling debacle; a miniature crisis to crisis government with no plans to invest in its citizens’ future. Anything else is possible though, from government shutdowns over the false prospect of defunding Obamacare, to any austerian Senator or Congressman using the threat of default for whatever demands they want.

We, the so called professional left as the White House derisively called us, warned about this. Anyone who denied this can either apologize now or forever restrain from speaking about matters regarding politics, civics, political deals, and the debt ceiling. We told all of you back in 2011 around this same time when that debacle was coming to its end – until this one and the next one 4 months down the line – that this was no victory.  

Oct 11 2013

Grand Bargain Circus – Red Clowns Wrangle

Jean-Léon_Gérôme_-_Duel_After_a_Masquerade_Ball

Greetings Circus fans!  Welcome back to the Circus that, like rust, never sleeps.  For the past couple of days the red clowns have separated into rival gang factions to fight out their final strategery.  Watching clowns enter into public backbiting and recriminations is always amusing for the audience and the pie has been flying.  

It seems that according to the folks at the  Beltway Bigtop Office of Promotions that the Hot Potato of Blame has fallen into Boner T. Redclown’s Ring 1 and cannot be returned to Harry T. Blueclown’s Ring 3 due to a preponderance of audience belief.  

The Beltway Bigtop Office of Promotions now says that this shutdown was planned, long in advance by a consortium of red clown groups and heavily funded by red clowns from the Koch Klowns organization:

The current budget brinkmanship is just the latest development in a well-financed, broad-based assault on the health law, Mr. Obama’s signature legislative initiative. Groups like Tea Party Patriots, Americans for Prosperity and FreedomWorks are all immersed in the fight, as is Club for Growth, a business-backed nonprofit organization. Some, like Generation Opportunity and Young Americans for Liberty, both aimed at young adults, are upstarts. Heritage Action is new, too, founded in 2010 to advance the policy prescriptions of its sister group, the Heritage Foundation.

The billionaire Koch brothers, Charles and David, have been deeply involved with financing the overall effort. A group linked to the Kochs, Freedom Partners Chamber of Commerce, disbursed more than $200 million last year to nonprofit organizations involved in the fight.

Great amusement for the audience has resulted!  While the Koch Klowns have been climbing the rigging and shouting that Kochs are not to blame, the rank and file red clowns have been quite agitated at each other due to the fact that their gambit to force the Ringmaster and the blue clowns to capitulate has failed to be an early success. The blue clowns and much of the audience have had many a moment of amusement as the red clowns have piled into a clown bus and have been chasing Cruz T. Redclown around the arena:

Clown Bus by guthrieschroederRep. Charlie Dent (R-PA) on Monday echoed Peter King’s statement that the person to blame for the current government shutdown is Texas Senator Ted Cruz.

“If I had to cast blame anywhere, I would say it was Sen. Cruz and those who insisted upon this tactic that we all knew was not going to succeed,” Dent told CNN’s Wolf Blitzer.

“What he did essentially, Sen. Cruz, basically, he took a lot of folks into the ditch. Now that we’re in the ditch, you can’t get out of the ditch, the senator has no plan to get out of the ditch, those of us who do have a plan to get out of the ditch and will vote to get out of the ditch will then be criticized by those who put us in the ditch in the first place.”

As one group of the red clowns played “chase the scapegoat,” other set to work on what the red clown leaders strategery:

Representative Pete Sessions of Texas, chairman of the Rules Committee, tells us Speaker John Boehner doesn’t yet have his debt-ceiling proposal finalized. For now, no legislation is headed toward his committee, and it’s all about messaging. … “I’d say if you ran the clock on it, 48 hours,” Sessions adds, when asked how long it’ll take Boehner to unveil the leadership’s plan.

Scary Clowns at PDC2008 Party at Universal Studios by D.Begley

But even as Boner T. Redclown was busy juggling and formulating his strategery, out of a dark corner of Ring 1 came the nearly-famous Ryan T. Redclown who was once Mittens T. Redclown’s second in a clown duel with the Ringmaster.  It appears that Ryan T. Redclown has been working on a little strategery of his own as he loaded the cannon with an op-ed from the Clown Street Journal which he fired off at the Ringmaster and the blue clowns in Ring 3.

In an editorial voice sweeter than the Circus’ cotton candy, Ryan T. Redclown turned away from the stage and projected his message at the audience in calm and reasonable tones.  Why, his message was just like that of the Ringmaster:

obama ryanIf Mr. Obama decides to talk, he’ll find that we actually agree on some things. For example, most of us agree that gradual, structural reforms are better than sudden, arbitrary cuts. For my Democratic colleagues, the discretionary spending levels in the Budget Control Act are a major concern. And the truth is, there’s a better way to cut spending. We could provide relief from the discretionary spending levels in the Budget Control Act in exchange for structural reforms to entitlement programs.



Who knows what this means? But it’s interesting, especially when you compare it to what the president said today:

I’ve put forward proposals in my budget to reform entitlement programs for the long haul and reform our tax code in a way that would close loopholes for the wealthiest and lower rates for corporations and help us invest in new jobs and reduce our deficits. And some of these were originally Republican proposals, because I don’t believe any party has a monopoly on good ideas. So I’ve shown myself willing to go more than halfway in these conversations, and if reasonable Republicans want to talk about these things again, I’m ready to head up to the Hill and try. I’ll even spring for dinner again.

Why, it sounds like Ryan T. Redclown is eager for yet another round of Grand Bargain Fever with the Ringmaster!  Oh, wait, what’s that, oh my, I think there’s going to be music in the air…  Yes indeed!  The Grand Calliope is being drawn in by horses to play soothing music…

Yes, the Ringmaster is cautiously optimistic that a Grand Bargain short term deal can be made and a faction of the red clowns looks like they might go for it…

Calliope,_the_wonderful_operonicon_or_steam_car_of_the_muses,_advertising_poster,_1874The Obama administration on Monday indicated it could support a temporary increase to the nation’s borrowing limit to give Republicans and Democrats, locked in a bitter fight over funding government operations, more time to negotiate a longer-term solution. …

Other Republicans said the time had come for conservatives to relent in trying to link government funding with measures to dismantle the health law. Senate Democrats have rejected multiple bills approved by House Republicans to fund federal agencies while also delaying or scaling back the health law.

“The question now is whether the people who fell for the Cruz folly will recognize that it was built on a false premise,” said Rep. Devin Nunes (R., Calif.), referring to Texas Sen. Ted Cruz and other conservatives who pushed Republicans to call for defunding the health law as a condition of financing government operations. “The whole thing was a joke from the beginning.”

Oh, looky there!  The red clowns are admitting that the whole attack on the Ringmaster’s “One Big Accomplishment” was nothing but a clownish prank to start with!  The question that is being promoted is, on whose terms will the audience be robbed, the red clowns’ or the Ringmasters?  In point of fact, since the red clowns and the blue clowns and the Ringmaster are all in the pay of the Beltway Bigtop funders, it has always been the funder’s terms that will ultimately decide the terms of the robbery of the audience.
 

The Market That Didn’t Bark

Clown dog

Speaking of those Beltway Bigtop funders, many of the red clowns are at pains to assuage their fears about the possiblilty of a default, saying that a default wouldn’t be that bad:

“It really is irresponsible of the president to try to scare the markets,” said Senator Rand Paul, Republican of Kentucky. “If you don’t raise your debt ceiling, all you’re saying is, ‘We’re going to be balancing our budget.’ So if you put it in those terms, all these scary terms of, ‘Oh my goodness, the world’s going to end’ – if we balance the budget, the world’s going to end? Why don’t we spend what comes in?”

Many of the Beltway Bigtop funders, whose entire existence revolves around the stability of markets are suddenly less than thrilled with the red clowns’ strategery:

Veteran Republican fundraisers are increasingly alarmed by the defiant stance of hard-line conservatives amid the federal government shutdown, prompting fears that many key donors may be restrained in their giving going into the 2014 midterms.

The growing unhappiness among longtime GOP check-writers and party elders underscores the deepening divisions over the ascendant tea party wing, which fueled this past week’s shutdown and is demanding Democratic concessions in exchange for reopening the government and raising the nation’s debt limit.

While the funders are nervous, it appears that the markets themselves are not.  Perhaps it is a result of the intoxication that comes of having looted the economy, gotten away with it and still being left to run rampant, but the markets are not making movements commensurate with the dangers inherent in a default:

The paralysis in Washington continued to weigh on markets. Analysts have expressed particular concern that the fight over the budget will stymie efforts to raise the budget ceiling, resulting in a US default with damaging economic consequences.

However, the market still considers a US default unlikely, said Peter Cardillo, chief market economist at Rockwell Global Capital.

“If the markets were really fearful of a default…. we wouldn’t be down a half a percent or three-quarters of a percent,” Cardillo said. “We would be down a heck of a lot more.”

vampire squid by snigl3tPerhaps the Titans of Wall Street  are feeling secure because they have been so amply provided for by the Circus and their appointed retinue of government lackeys.   Perhaps they feel that they can rely upon the safety net that bailed them in before:

What the Fed did with Bear Stearns was highly controversial. They utilized the [exigent circumstances clause] without technically breaking any laws. Are we saying that we will bailout a stupid investment bank, but we won’t bailout the US Treasury using the same clause? That would be madness.

Or perhaps they’re not worried because, well, they pay for the clown show as a distraction and they know that their hired clowns will fall into the roles that are assigned them.

The blue clowns will, rather than making their own demands and fighting for what 99% of the audience wants, claim to be battered spouses in a relationship with an awful abuser:

Remember how Republicans “won” the 2000 election? Remember how they tricked the country into going to war in Iraq? They used non-democratic means to get what they couldn’t get legitimately, and it worked, so they did it more. They got used to getting their way using bullying, so they did it more. Now it’s flat-out hostage-taking. And they’re doing it more.

Again and again, Republicans take a hostage and demand something they could not get through elections or the legitimate constitutional legislative process. … They continue these tactics because it is getting them what they – and the billionaires and giant corporations who fund them – want. They do it because it works. And then they do it again, because it worked.

But who do the blue clowns’ actions serve?  When time after time, they “compromise” with the red clowns, who are, after all, only doing what their funders demand, are they not giving the funders what they want, just more slowly than they want it?

Perhaps the market’s failure to react in horror to the horrors that are being presented is merely a reflection of the fact that they own the Beltway Bigtop and the clowns work for them.

Who should the audience root for, red clowns?

When Paul Ryan talks about “reforming” entitlements, he’s talking about eliminating them, because he does not now believe — nor has he ever believed — that Social Security, Medicare, and Medicaid are legitimate functions of the national government. He will get rid of them piecemeal if he has to do so, but he is as dedicated to their elimination as he ever was when he was mooching off my money. When Paul Ryan talks about “reforming” the tax code, he doesn’t mean making sure the people to whom all the money has been shoved upwards over the past four decades start paying their fair share again. He means “broadening the base” — You pay more. Jamie Dimon doesn’t. — and he means “lowering the rates” — on the people who buy him his $4000 bottles of wine — and he means “simplifying the code” — eliminating loopholes for the 20 minutes it takes before tax lawyers open up a hundred new ones.

Or blue clowns?

“This is a confidential document, last offer the president – the White House made last year to Speaker Boehner to try to reach this $4 trillion grand bargain.  And it’s long and it’s tedious and it’s got budget jargon in it.  But what it shows is a willingness to cut all kinds of things, like TRICARE, which is the sacred health insurance program for the military, for military retirees; to cut Social Security; to cut Medicare. And there are some lines in there about, “We want to get tax rates down, not only for individuals but for businesses.”  So Obama and the White House were willing to go quite far.”

Colourful Clowns

Oct 10 2013

President Obama Gave Speaker Boehner the Debt Ceiling to Play With in 2010

Disclaimer: This forum rules as do the moderators. You know who I am talking about.

And here we are again! It started in 2010. The Bush tax cuts were about to expire. There was leverage to negotiate a debt ceiling raise or to just let them expire. How do I know there was leverage? I know Republicans like tax cuts for the rich, and there was a deal for the purpose of extending them with Republican votes. It passed with those Republican votes, which led to this whole thing because there was no debt ceiling raise included.

Maybe others are unaware of this? I don’t know. It doesn’t matter though; the uninformed shouldn’t dictate fantasy as reality in a reality based community. This is the actual reality and why we are worried about a global financial calamity with regard to a possible political default on the public debt, which is a choice and otherwise impossible for a sovereign currency issuer.

Obama on the Debt Limit – December 2010

Q Mr. President, thank you. How do these negotiations affect negotiations or talks with Republicans about raising the debt limit? Because it would seem that they have a significant amount of leverage over the White House now, going in. Was there ever any attempt by the White House to include raising the debt limit as a part of this package?

THE PRESIDENT: When you say it would seem they’ll have a significant amount of leverage over the White House, what do you mean?

Q Just in the sense that they’ll say essentially we’re not going to raise the – we’re not going to agree to it unless the White House is able to or willing to agree to significant spending cuts across the board that probably go deeper and further than what you’re willing to do. I mean, what leverage would you have –

THE PRESIDENT: Look, here’s my expectation – and I’ll take John Boehner at his word – that nobody, Democrat or Republican, is willing to see the full faith and credit of the United States government collapse, that that would not be a good thing to happen. And so I think that there will be significant discussions about the debt limit vote. That’s something that nobody ever likes to vote on. But once John Boehner is sworn in as Speaker, then he’s going to have responsibilities to govern. You can’t just stand on the sidelines and be a bomb thrower.

You know, we on the left knew what this would lead to. You don’t trust John Boehner with the full faith in credit of the United States unless one is completely clueless or an economic nihilist. The resulting signs we are starting to see of a financial panic in response to the prospects of a default on top of the ongoing depression, the jobs crisis, the continuing climate and ecological crisis all converging into one huge Epochal crisis, point to a special kind of disdain for the public that all our elected leaders have for us.  I mean, we have enough problems without adding to them through a self induced global financial then economic crisis caused by the President’s pursuit of a deficit terrorist grand bargain whether through incompetence or outright corruption.  

Oct 03 2013

Grand Bargain Circus – Red Clowns Ready?

Jugglers_Circus_Amok_by_David_Shankbone

There’s a big deal brewing in the Beltway Bigtop that’s been years in the making.  The Grand Bargain is now officially on the red clown leadership’s radar.  But can they get their ducks in a row?  Will the rank and file blue clowns have an attack of conscience?  And what about the audience – will they meekly accept the shears as the Ringmaster and clowns together begin to fleece them?  Or will they bombard the clowns with rotten tomatoes, imprecations, incantations and entreaties frightening them away from yet another of the Ringmaster’s big plans as they did with the Ringmaster’s recent plan to engage in yet another stupid and expensive war of choice?

Here’s a wrap up of the past couple of days under the Beltway Bigtop.

Bigtop Blame-a-Rama – Juggling the Hot Potato of Blame

The lights have been doused under the Beltway Bigtop as the red clowns and blue clowns could not come to agreement over how best to rob the audience.  The blue clowns adamantly protected the Ringleader’s plan to demand tribute of the audience for his donor cronies in the insurance and pharmaceutical industries in return for health care insurance products of dubious utility.  The red clowns would not give up their demands to kill the Ringleader’s program as well as demands for a smorgasbord of environmental destruction, means-testing for medicare, limitation of court awards for medical malpractice, repeal of taxes on some of their cronies and a contraceptive-free dessert bar.

Killer-Klowns-from-Outer-Space-pies

As the sun came up on the Beltway Bigtop Tuesday morning there were lines of circus employees leaving the parking lot as the tall order of the day began – the search for a scapegoat.

While both the red clowns and the blue clowns stayed up until the wee hours juggling the hot potato of blame back and forth between the red clown-controlled Ring 1 and the blue clown-controlled Ring 3, the Ringmaster called the red clowns “irresponsible” and upbraided them for their, “ideological crusade.”

The US government shut down early Tuesday for the first time since 1996 after lawmakers divided over Obamacare failed to reach an agreement to fund federal agencies through the next fiscal year.

President Barack Obama called it the “height of irresponsibility.”

Speaking Tuesday afternoon, Obama slammed Republicans for shutting down the government as part of an “ideological crusade” designed to kill his signature health care law.

“I urge House Republicans to reopen the government,” Obama said at the White House Rose Garden, while surrounded by Americans he said would benefit from the Affordable Care Act.

Meanwhile one of the red clowns’ leaders, Boner T. Redclown, did impressions of the Ringmaster over in Ring 1 as he passed juggling potatoes back and forth with Harry T. Blueclown over in Ring 3.  Harry T. Blueclown, for his part, returned the relentless hail of hot potatoes with all of the speed and bravado he could muster.

House Speaker John Boehner imitated the president on the House floor as he described their ultimately fruitless conversation Monday evening in the hours before a U.S. government shutdown.

“I talked to the president earlier tonight,” the Ohio Republican said before dropping his voice to sound more like President Barack Obama. “‘I’m not gonna negotiate. I’m not gonna negotiate. We’re not gonna do this.’ Well, I would say to the president, ‘This is not about me. This is not about Republicans here in Congress. It’s about fairness for the American people.'”

House Republicans repeatedly sent bills that would have temporarily funded the federal government but cut funding or delayed the implementation of the Affordable Care Act.

The Senate’s Democratic majority repeatedly stripped those bills of their anti-Obamacare provisions and sent them back to the House for approval, setting up the impasse that led to the first U.S. government shutdown in 17 years.

Audience reaction was mixed to the impressions and the rapid-fire juggling spectacle, however, the Beltway Bigtop Office of Promotions was quick to assign responsibility for Boner T. Redclown’s performance to a subset of the most effusive and animated of the red clowns.  Some in the Beltway Bigtop’s Office of Promotions claim that a conspiracy is afoot amongst some of the red clowns to force Boner T. Redclown into his behavior, while others claim that Boner T. Redclown and his leadership group

held a meeting outside of the Bigtop and stole the schtick of the more animated red clowns.

Bozos_Circus_postcard_1960sMonday was a frantic day on Capitol Hill, though all the activity ultimately came to nought: A flurry of last-minute legislative feints failed to prevent the government from shutting down at midnight. But in the process, House Republicans’ total crackup was on full, public display.

The breaking point was Speaker John Boehner’s penultimate proposal, a bill that would have funded the government — and Obamacare — while delaying the health-care law’s individual mandate and canceling congressional staffers’ insurance subsidies. To Boehner, this was a major concession from the House’s previous offering — a delay of the entire law. To the White House and Senate Democrats, it was just as unacceptable and no concession at all.

But within the GOP, it provoked a freakout on both Boehner’s right and left flanks. Moderate Republicans, long silent for fear of the party’s angry base, correctly viewed the proposal as inexorably leading to shutdown, and threatened to rise up and block it. “This is going nowhere,” New York Representative Peter King told National Review. He claimed to have 25 members on his side and demanded that Boehner instead put a “clean” government-funding bill — one that didn’t touch health care — on the floor of the House.

Meanwhile, conservatives were also in revolt. The Senate Conservatives Fund sent an email to its supporters denouncing “the Republican establishment in Washington” for telling “lies to help them fund Obamacare.” It accused GOP leaders of using the mandate delay as cover to disguise the fact that they were allowing the rest of the law to go into effect — something the group called unacceptable.

Many in the Beltway Bigtop Office of Promotions are eager to sell the narrative that the clowns have cracked up and become completely dysfunctional, creating new norms for governance.

Many of the contributing media outlets in the Beltway Bigtop’s Office of Promotion apparently can’t seem to remember previous government shutdowns as they swoon from the vapors from their, “discovery” of the, “new governing norms.”

In the past the blue clowns have been quite willing to press their advantage as a majority to protect their constituency just as the red clowns are doing now:

There were four shutdowns over abortion funding in the 1970s, a Democratic-led shutdown over funding for the notorious MX missile in 1982, a Democratic-led shutdown over a Supreme Court civil rights ruling in 1984, a Democratic-led shutdown over expanding Aid to Families with Dependent Children (that’s welfare) in 1986, and a Democratic-led shutdown over aid to the Contras and the Fairness Doctrine(!) in 1987. So shutdowns were for quite a while part of the normal business of government. And as I said, there’s a cruel logic to them. When Congress and the White House are held by different parties, Congress has no bigger chip at their disposal than the power of the purse. So they use that, over and over again, to extract often unrelated policy concessions from the executive branch. It may have stopped for a while for various reasons, but it’s back because it’s a very inviting way for a Congressional majority to assert their will.

Weirdo with a hula hoop.

Why Can’t the Blue Clowns Play the Game?

While one set of red clowns stalks the Ringmaster holding out hoops for him to jump through, another group of red clowns is sneaking out towards the fringes of the tent brandishing torches and threatening to burn the Bigtop down.

The Ringmaster remains impassive and, out of one side of his mouth refuses to negotiate, while out of the other makes promises to negotiate, but, on his terms:

Placing blame squarely on House Republicans, Obama said “the bottom line is that the Senate has passed a bill that keeps the government open, does not have a lot of extraneous issues to it, that allows us then to negotiate a longer-term budget and address a range of other issues but that ensure that we’re not shutting down the government and we’re not shutting down the economy at a time when a lot of families out there are just getting some traction in digging themselves out of the hole that we’ve had as a consequence of the financial crisis.

Given that the blue clowns control both the Main Ring and Ring 3, one would assume that the party of the Four Freedoms and the Great Society, friend of the working man and the underprivileged, would have pressed their advantage to make some serious gains for their constituency.

Instead, the blue clowns, in concert with the Ringmaster have been working to apply increasing levels of austerity to their constituency while their policies reward the Beltway Bigtop funderswho want austerity.

And the blue clowns aim to please their masters:

Virtually all of the services that will go unfilled during this shutdown, for example, are services for the poor or near-poor. A sclerotic governing system empowers a status quo that is biased toward elites, who are often the only ones able to break the gridlock, when it suits them and their pocketbooks.

Consider also how the nature of the gridlock itself empowers elite goals in this case. Democratic pundits and allies have talked themselves blue about the doomed Speakership of John Boehner, the lunacy of Ted Cruz, and whether the Republican fever will break. Precious few words, by contrast, have been written about the fact that the SOLUTION here, the position that Democrats have been pushing, is a “clean” continuing resolution, which will enforce sequestration limits, a spending cap below societal need and economic demand, into Fiscal Year 2014. And while that would only hold for a couple months, anyone who thinks sequestration will somehow be cancelled (or even “replaced,” which does the economy next to no good from a macro standpoint) by the same people who just shut down the government over “defunding” Obamacare, which is by its nature mandatory spending and not defunded today, is nuts. But Democratic politicians benefit from the virtual silence about how the country is doomed to austerity spending caps for what could be an entire decade. And elites enjoy advantages from such a state of affairs as well.

When the Ringmaster speaks of, “negotiat[ing] a longer-term budget and address a range of other issues,” he’s not talking about a bold plan to meet his constituency’s demands.  The Ringmaster is talking about another round of his “Grand Bargain” negotiations.  

The Ringmaster’s base constituency is certainly not demanding cuts to Social Security, Medicare, Medicaid, Tricare or other similar cuts to social programs.

American People Fight Obama’s Treacherous Cuts to Social Security and Medicare

The vast majority, left, right and in-between, have repeatedly made it clear that they do not want cuts to either of these vital programs. A CBS News poll conducted last month shows that 80 percent of Americans, regardless of political affiliation, opposed cutting spending on Medicare to reduce the budget deficit, while 79 percent were against cutting Social Security for that reason.

The people don’t want the cuts, and the facts don’t support them. There are certainly no economic excuses: The federal deficit politicans howl about is shrinking, as none other than Goldman Sachs’ chief economist has attested. And even if it wasn’t, Social Security doesn’t affect it – a fact that many Americans have copped onto despite the best efforts of politicians to deceive them. Clearly, in a time of growing economic inequality, there is no justification for taking more money out of the hands of the elderly and the vulnerable.

 

The only people demanding entitlement cuts are, hmmmm… the Beltway Bigtop funders:

Mark Thoma has an excellent column at the Fiscal Times linking the fight over the debt ceiling to the larger issue of extreme inequality. … I’d like, however, to suggest that the reality is even worse than Thoma suggests.

Here’s how Thoma puts it:

Rising inequality and differential exposure to economic risk has caused one group to see themselves as the “makers” in society who provide for the rest and pay most of the bills, and the other group as “takers” who get all the benefits. The upper strata wonders, “Why should we pay for social insurance when we get little or none of the benefits?” and this leads to an attack on these programs.

How, then, are things even worse than he says? Because many of the rich are selective in their opposition to government helping the unlucky. They’re against stuff like food stamps and unemployment benefits; but bailing out Wall Street? Yay! …

The point is that the superrich have not gone Galt on us – not really, even if they imagine they have. It’s much closer to pure class warfare, a defense of the right of the privileged to keep and extend their privileges. It’s not Ayn Rand, it’s Ancien Régime.

And this just in… the red clown leadership is taking the bait!

Boehner to GOP: Grand Bargain in the Works

House Republicans tell me Speaker John Boehner wants to craft a “grand bargain” on fiscal issues as part of the debt-limit deliberations, and during a series of meetings on Wednesday, he urged colleagues to stick with him.

The revelation came quietly. Boehner called groups of members to his Capitol office all day, taking their temperature on the shutdown and the debt limit. It became clear, members say, that Boehner’s chief goal is conference unity as the debt limit nears, and he’s looking at potentially blending a government-spending deal and debt-limit agreement into a larger budget package.

“It’s the return of the grand bargain,” says one House Republican, who requested anonymity to speak freely. “There weren’t a lot of specifics discussed, and the meetings were mostly about just checking in. But he’s looking hard at the debt limit as a place where we can do something big.”

But can the red clown leadership bring along the rank and file?

The Red Clowns Try To Put Their Scary Monster Back In the Closet

The Ringmaster is clearly ready to do the business and the bidding of the Beltway Bigtop funders.  

In order to signal this to one and all, the Ringmaster has taken to the center ring, lit a fire and is sending up smoke signals to announce that he has appointed his former “opponent,” Mitt T. Redclown’s policy director, currently a fellow at the Hoover Institution Clown College, to the Social Security Advisory Board.

Given the red clowns’ expressed desire to “roll back the new deal,” will they come to the table to take down the programs that red clown funders and the blue clown funders both want gone?

It looks like the red clowns will have to deal with the remnants of a rather unweildy stage prop that they made for previous shows in order to get down to business:

Frankenstein 1 by Mazzastick[T]here is no doubt that the Republican right in the age of Obama, and to some extent before that, in its desire to roll back what’s left of the welfare state, what’s left of the New Deal, and back in the Reagan era, in order to crush what was left of the New Deal era, did call, has called into being an almost Frankenstein-like monster in the form of Fox News, a far right-wing talk radio network, and has really created a kind of almost frothing constituency in these very tightly gerrymandered, often rural, white congressional districts. …

And these people seem to have gone just completely off of the reservation. And it’s gotten to the point that the big capitalist elites that called them into being are now sort of horrified of them. And you see The Wall Street Journal in particular, and some of the old-line more centrist type of Republicans like John McCain and Senator Corker from Tennessee, calling them “wacko birds” and being horrified by them. But, you know, the GOP establishment created all of this in many ways. …

[T]hey’ve really cultivated a group of people who are motivated by some pretty dark, almost proto-fascistic, certainly racist … people who don’t seem to know where to stop and really are just sort of, you know, Ted Cruz stand your ground, who are willing to go all the way, you know, go to the wall to stop this horrific Obamacare, which they have been told by Fox News and Rush Limbaugh and the rest of the right-wing talk machine noise machine is some sort of incredible socialist government intervention in the health care system, which is, of course, completely preposterous, ’cause Obamacare is a fairly center-right corporate-friendly health care intervention. It was designed in part to head off the real social democratic and majority-supported health reform, which was single-payer.

Ironically it is the red clowns’ “Frankenstein Monster” (courtesy of the Koch Clowns, Rupert T. Redclown and Rush T. Redclown among others) that has so far saved the audience from the implementation of cuts to “socialist” entitlement programs which are opposed by the vast majority of the audience.

As the clock ticks down to the Debt Limit Doomsday, can the red clowns tame their Fractious Frankenstein monster?

The Ringmaster and most of the blue clowns are happy to enact much of the red clowns’ agenda (because it is also the blue clowns’ agenda) so long as the red clowns can conveniently be the final recipient of the hot potato of blame. The blue clowns are just too cowardly to enact the corporate agenda of the Beltway Bigtop funders all at once; they mean to implement it in tiny pieces, much like the effect of the Ringmaster’s chained cpi, in hopes that the slow implementation will suppress audience outrage.

Stay tuned! And stay tuned after the main event, because the  blue clowns and the red clowns are already making plans for a joint project to benefit the Union of Pickpockets and Banker Bozos just as soon as the center ring goes dark between acts.

Wall Street Deregulation Bills Likely To Attract Bipartisan Support After Shutdown Negotiations

Attention aux PickPockets (dans La Tour Eiffel) by dullhunkWhen the drama surrounding a government shutdown abates, the House of Representatives expects to take up legislation to expand taxpayer support for derivatives, the complex financial products at the heart of the 2008 meltdown. And while traditionally straightforward tasks like funding the federal government have become raucously contentious in recent weeks, a bill subsidizing Wall Street banks is likely to garner significant bipartisan support.

Also on the post-shutdown agenda is legislation that would prevent the Department of Labor and the SEC from implementing new consumer protection standards for 401(k) accounts and other retirement funds.

Both bills are efforts to roll back reforms that passed under the 2010 Dodd-Frank financial reform bill. A small cadre of liberal Democrats are marshaling opposition to the bills, but still expect dozens of Democrats to join a united Republican Party in passing the legislation.

“As we’re trying to forestall a government shutdown, we’ve got these ugly financial services bills on the horizon,” said Rep. Keith Ellison (D-Minn.), co-chair of the House Progressive Caucus. “It’s a multi-pronged attack on the middle class.”

Sep 30 2013

Grand Bargain Circus – Midnight on the Highwire

Midnight on the Highwire

tight rope bike

Welcome back circus fans!  The drama under the Beltway Bigtop is rising ever higher as the antics of the red clowns have captured the show.  The clowns are still refusing to get in their car and leave the stage.  

Mar 06 2013

Yes, the Sequester is President Obama’s Fault. These are facts.

This won’t be FP material everywhere, but it’s the truth. That is, unless one just hasn’t paid attention to the events and Congressional deals facilitated by this administration in response to said events that led up to the sequester. If one did pay attention, this conclusion is undeniable. The sequester was basically an invention of Gene Sperling and Jack Lew.

In case we all need a refresher, Gene Sperling was and still is the Director of the National Economic Council under President Barack Obama. In case the denial is too thick with regard to Jack Lew, Jack Lew was head of Obama’s Office of Management and Budget when the first grand betrayal was written only to be fall apart by John Boehner’s doing in 2011. For that, and his time on Wall St helping Citigroup as OCC crash our economy while denying that deregulation was a problem, he is insultingly being rewarded with a post as our next Treasury Secretary.

These are the people that were hired by and work in the Obama administration that wrote the damn Sequester! It’s pretty hard to deny, but some will try.

This was during the debt ceiling debacle many of us warned about but were ignored in favor of 11th dimensional chess. In reality, this is a vile violent rigged chess game that makes seniors starve to death through lack of meals on wheels. This form of deficit terrorism also threatens many of my friends and their relatives through layoffs and furloughs while slowing all essential government operations down.