Tag: TMC Politics

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Dean Baker: Time to tax Wall Street

Horror stories of obnoxious investment bankers should make the public scream, ‘Enough!’

Many people already had low opinions of the Wall Street elite. I’m referring to the investment-banker types who get incredibly rich through financial manipulations, government bailouts and implicit government guarantees provided for too-big-to-fail banks. But a recent New York magazine piece showed that even the most jaded were being too generous in their assessment of this gang.

Kevin Roose, who was working as a New York Times reporter at the time, managed to infiltrate a black-tie party at the St. Regis Hotel sponsored by a secret Wall Street fraternity. The so-called Kappa Beta Phi (the reverse of Phi Beta Kappa, the academic honor society) was not made up of a bunch of college kids or recent grads. It featured many of the leading figures on Wall Street – multimillionaires and billionaires, all of whom were well past the age at which we expect people to start being responsible for their actions. [..]

The anger prompted by Roose’s account makes this a great time to bring back the idea of taxing their speculation. While Dodd-Frank reforms will curb some of the worst abuses, the Wall Streeters are still making huge fortunes shuffling money rather than doing anything productive. A modest tax can raise a huge amount of money for productive ends, such as infrastructure and education, while making shuffling money a bit less profitable.

David Cay Johnston: The shocking numbers behind corporate welfare

Boeing and its stockholders fly high on tax dollars

State and local governments have awarded at least $110 billion in taxpayer subsidies to business, with 3 of every 4 dollars going to fewer than 1,000 big corporations, the most thorough analysis to date of corporate welfare revealed today.

Boeing ranks first, with 137 subsidies totaling $13.2 billion, followed by Alcoa at $5.6 billion, Intel at $3.9 billion, General Motors at $3.5 billion and Ford Motor at $2.5 billion, the new report by the nonprofit research organization Good Jobs First shows.

Dow Chemical had the most subsidies, 410 totaling $1.4 billion, followed by Warren Buffett’s Berkshire-Hathaway holding company, with 310 valued at $1.1 billion.

The figures were compiled from disclosures made by state and local government agencies that subsidize companies in all sorts of ways, including cash giveaways, building and land transfers, tax abatements and steep discounts on electric and water bills.

In fact, the numbers significantly understate the true value of taxpayer subsidies to businesses, for reasons explained below.

The Secretary of Defense Chuck Hagel announced that the upcoming Pentagon budget would focus on the 21st century realities of warfare with more emphasis on targeted assassinations and cyberwarfare. It also cuts the strength of the Army to pre-World War Two levels relying more heavily on the National Guard.

   Defense Secretary Chuck Hagel plans to shrink the United States Army to its smallest force since before the World War II buildup and eliminate an entire class of Air Force attack jets in a new spending proposal that officials describe as the first Pentagon budget to aggressively push the military off the war footing adopted after the terror attacks of 2001 [..]

   The new American way of war will be underscored in Mr. Hagel’s budget, which protects money for Special Operations forces and cyberwarfare. And in an indication of the priority given to overseas military presence that does not require a land force, the proposal will – at least for one year – maintain the current number of aircraft carriers at 11.

The Guard and Reserves, which proved capable in their wartime deployments although costly to train to meet the standards of their full-time counterparts, would face smaller reductions. But the Guard would see its arsenal reshaped.

The Guard’s Apache attack helicopters would be transferred to the active-duty Army, which would transfer its Black Hawk helicopters to the Guard. The rationale is that Guard units have less peacetime need for the bristling array of weapons on the Apache and would put the Black Hawk – a workhorse transport helicopter – to use in domestic disaster relief.

The proposed budget would also eliminate the old U-2 spy plane in favor of unmanned drones and eliminate the entire fleet of Air Force A-10 attack aircraft. However, it does keep the allocations for the controversial F-35 warplane, which has been extremely expensive and has run into costly delays, that the Air Force says it doesn’t want.

There will be pain for the troops, too.

The fiscal 2015 budget also calls for slowing the growth of tax-free housing allowances for military personnel and would reduce the $1.4 billion direct subsidy provided to military commissaries, which would most likely make goods purchased at those commissaries more expensive for soldiers.

The budget also proposes an increase in health insurance deductibles and some co-pays for some military retirees and for some family members of active servicemen.

The savings on groceries will reduced, costing a military family as much as $3000 per year, and pay raises will be capped:

Besides paring back grocery savings, the Pentagon would also cap military pay raises at 1% in 2015 and trim housing subsidies for families who don’t live on bases. They will also no longer be reimbursed for rental insurance.

Families are likely to feel the sharpest pain every week when they shop for their grocery. By the end of the third year, the savings will be slashed by about two-thirds, a senior defense official acknowledged on Monday.

Currently, a family of four can save $4,500 a year at commissaries on average, according to the Defense Commissary Agency, which puts savings around 30% compared to retail grocery stores. Under the new proposal, the savings for a similar family would be closer to $1,500 a year or 10% of a grocery bill at other stores.

Despite these cuts and the claims, this hardly an austerity budget still exceeding the budgets of next ten military budgets in the world combined.

A better idea, as suggested by DSWright at FDL News Desk would be “to rethink 800 military bases and a $700 billion annual budget to defend against an enemy that no longer exists.” But the fear mongers will persist regardless:

Despite ‘historic’ cuts, the US will still have 450,000 active-duty soldiers

By Michael Cohen, The Guardian

The Pentagon is able to maintain a bloated and extravagant military force even when the US faces no actual security threats

Rather than a reflection of a changing global security environment, the growing and continued obsolescence of inter-state war and the country’s lack of interest in future military adventures, the cuts announced yesterday by Hagel are an indication of something else altogether: how tenaciously the Pentagon is able to maintain a bloated and extravagant military force even when the US faces no actual security threats.

Indeed, what was missing from yesterday’s headlines was some much needed context. For example, “smallest size since 1940” sounds, on the surface, like quite a step back. Did Neville Chamberlain rise from his grave and become president of the United States? Let’s put aside for a second that the size of the army in 1940 was about 270,000 and the Marine Corps stood at about 30,000 – a far cry from the proposed 180,000 today.

The truth is the military budget is still bloated with wasted tax dollars that could got to rebuilding the US infrastructure that would create jobs increasing economic growth and reducing income disparity.

A federal judge has ruled that the Texas law banning same sex marriage is unconstitutional:

Judge Orlando Garcia issued the preliminary injunction after two gay couples challenged a state constitutional amendment and a longstanding law. He said the couples are likely to win their case and the ban should be lifted, but said he would give the state time to appeal to the 5th Circuit Court of Appeals before do so.

“Without a rational relation to a legitimate governmental purpose, state-imposed inequality can find no refuge in our United States Constitution,” Garcia wrote. “These Texas laws deny plaintiffs access to the institution of marriage and its numerous rights, privileges, and responsibilities for the sole reason that Plaintiffs wish to be married to a person of the same sex.”

The ruling is the latest in a series of victories for gay rights activists following similar decisions in Utah, Oklahoma and Virginia.

But this was the first time a court in the conservative 5th Circuit has reached such a decision. Texas Attorney General Greg Abbott was expected to file an expedited appeal.

That was the good news. The bad news is that the ban will remain in effect until the issue is visited by the U.S. Supreme Court. Or not? I suppose that if SCOTUS refuses to review the case the ban would be lifted. Still, this is good news for marriage equality.

You can tell it’s an election year, all the hypocrisy comes out of the closet:

After spending weeks subjecting the public to unfounded and widely debunked claims that Obamacare contains a hidden “bailout” for private insurers, Republicans have undertaken a complete reversal, and are attacking Democrats for cutting corporate welfare for insurance companies by too much.

Specifically, they’re attacking the Affordable Care Act’s reduction in overpayments to carriers who participate in Medicare Advantage, reflected in lower payment rates for program providers, which were officially announced late last week. [..]

When confronted, they retreat from pretending to oppose the cuts on the merits, to claiming the real problem is that Democrats used the savings from the cuts to fund Obamacare. But this is a non sequitur. A diversion. The attacks specifically express outrage on behalf of seniors who, Republicans claim, will lose doctors or get stuck with higher premiums specifically as a result of the ACA’s Medicare Advantage cuts.

But remember, Republicans actually support the cuts. All of these supposedly horrible things would happen under their plan, too, regardless of how the savings are spent. So right away it’s clear that the attacks are straightforwardly deceitful.

While some the beltway deficit scolds mourn the death of “entitlement reforms,” the The National Republican Campaign Committee has begun attacking Democrats for supporting Simpson-Bowles:

The National Republican Congressional Committee (NRCC) tried a political ju-jitsu on Thursday as it sought to turn former state CFO Alex Sink’s attacks on David Jolly on Social Security against her. Sink, the Democratic candidate, takes on Republican Jolly and Libertarian Lucas Overby in a special congressional election for an open seat in Pinellas County on March 11.

On Thursday, the NRCC bashed Sink for saying she supported Simpson-Bowles.

What digby said:

I have never understood why Democrats who have to run for office are so wedded to the idea that they will be rewarded for being “the adults in the room” and doing the “hard stuff” like cutting Social Security and Medicare benefits but they do. You’d think they’d remember what happened to them in 2010 when the Republicans ran against the Medicare cuts in the health care reforms by portraying them as monsters turning old people into Soylent Green. But they didn’t.

The president may have decided to keep his proposal to cut benefits from his new budget, but it’s quite clear from the talking points that they still very much want to get “credit” for being willing to do it.

Supporting cuts the social safety net, especially in the state of Florida, is not going to fly very well with elderly voters. And, yes, they do vote. So why aren’t Democrats giving the people what they want, an expansion of Social Security and open Medicare to all?  

“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.

Wednesday is Ladies’ Day

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Katrina vanden Heuvel: Stop the Democrats’ surrender to a blue slip

Stop me if you’ve heard this one before: An archaic Senate policy is being used by a shameless Republican minority to obstruct the will of the president – and the people he was elected to represent.

You’d be forgiven for thinking I was referring to the filibuster, which has been the Republicans’ most effective and least democratic method of thwarting the will of the majority.

But no, this is another, more obscure and arguably more ridiculous procedural weapon called a “blue slip.” First instituted in 1917, the blue slip process has allowed individual senators to effectively veto a nominee for a circuit court judgeship who hails from their own state. This privilege has been used sparingly by some Judiciary Committee chairmen and more regularly by others. But in recent months, it has been taken to the extreme. [..]

Like the filibuster, this weapon is rooted in tradition, not the Constitution; it can simply be ignored by the chair of the Judiciary Committee. During George W. Bush’s administration, for instance, then-Judiciary Chairman Orrin Hatch decided that a negative blue slip would not hold up a nominee’s confirmation proceedings.

But because of current Chairman Patrick Leahy’s puzzling adherence to arcane practice, his desire to show courtesy – unreciprocated, of course – to the minority party and President Obama’s unwillingness to put a stop to it, the blue slip process is alive and well. Worse, it’s being used as a weighted bargaining chip, giving two Republican senators more influence over the judicial nomination process than the president himself.

Zoë Carpenter: 20 Years Ago, an Army Veteran Reported a Sexual Assault. She’s Still Waiting for Justice.

When Brenda Hoster publicly accused the sergeant major of the Army of sexually assaulting her, it nearly destroyed her life. She thought it would be worth it.

“I felt like what I did was the right thing, the ethical thing, not just for me but for all military men and women,” Hoster, a retired sergeant major and public affairs specialist, said in one of two phone conversations. Her complaints against the Army’s top enlisted soldier were part of a wave of sex scandals that rocked the military in the 1990s. Today, Congress is still debating how to best reform the military justice system. [..]

But Congress has not yet voted on the most significant and controversial reform proposed-Senator Kirsten Gillibrand’s Military Justice Improvement Act, which would put military lawyers, rather than commanding officers, in charge of sexual assault prosecutions. Victims’ advocates, veterans and some active duty officers argue that forcing victims to report to commanders exposes them to conflicts of interest and retaliation, and disadvantages accused and accuser alike by putting legal decisions in the hands of officers without legal training. Fifty-four senators-including nine Republicans-support Gillibrand’s bill, which the chamber will take up some time in March. The military’s top brass and two key Democrats on the Armed Services Committee, chairman Carl Levin and Claire McCaskill, oppose the measure, saying it would undermine commanders’ ability to enforce order and discipline in the ranks.

“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.

One of our featured articles was an interview with former Republican congressional staffer, Michael Lofgren and his essay on America’s “Deep State” where elected and unelected officials collude to protect and serve powerful, vested interests. For today’s Pundits, here are some of the perspectives to Mr, Lofgren’s article that were featured at “Moyers and Company.”

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Andrew Bacevich on Washington’s Tacit Consensus

What words best describe present-day Washington politics? The commonplace answer, endlessly repeated by politicians themselves and media observers alike, is this: dysfunction, gridlock, partisanship and incivility. Yet here’s a far more accurate term: tacit consensus. Where Republicans and Democrats disagree, however loudly, matters less than where their views align. Differences entertain. Yet like-mindedness, even if unacknowledged, determines both action and inaction.

In the ‘Bill-W.-Obama’ era, a neoliberal consensus defines American politics. In his classic text, The American Political Tradition, the historian Richard Hofstadter identified the parameters of that consensus. It emphasizes, he wrote, “the rights of property, the philosophy of economic individualism, [and] the value of competition.” It assumes “the natural evolution of self-interest and self-assertion … into a beneficent social order.” Grab and get ultimately works for the larger benefit of all. That, at least, is the idea.

Juan Cole on the Vulnerability of the Network

Mike Lofgren’s long experience on the Hill has given him a small window, he might say only an aperture, into a vast network of unaccountable governmental and private institutions he calls the “Deep State” in his essay. There is much that is valuable in his explication of these networks, which depend on public tax money for their operation but typically do not answer to the public in any significant way. Indeed, the public is assiduously kept in the dark about much of what they do.

The danger of this invisible institutional latticework to any but a dryly procedural notion of democracy is obvious. Its menace to individual privacy and liberty is obvious. If absolute power corrupts absolutely, invisible power corrupts invisibly.

Let me, however, push back a little bit against Lofgren’s conceptual apparatus. Egypt also has a Deep State, but the young revolutionaries who overthrew the president for life in 2011 warned against using the very conception, since, they said, it overstated the paper tiger of elite power and could discourage popular action to rein it in.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

Dean Baker: Release of Fed Transcripts Show Fed Scary Ignorant in 2008, WaPo Scary Ignorant in 2014

It’s great to be an economist in a top policymaking position in the United States. Unlike dishwashers, cab drivers, and most other workers, you are not held accountable for the quality of your work. We already knew that, since almost none of the people responsible for allowing the housing bubble to grow large enough to collapse the economy have paid any career price. (Ben Bernanke is praised for avoiding a second Great Depression. Talk about setting the bar low.)

Anyhow, the release of the 2008 transcripts of the meetings of the Fed’s Open Market Committee (FOMC) once again show a group of people that is frighteningly ignorant of the economy. The housing market was already in a full-fledged collapse by the end of 2007 with prices falling at the rate of 1.5 percent a month. That translates into a loss of $300 billion in household wealth every single month. Yet the transcripts show the Fed debating whether the economy would see a recession until well into 2008. (The pace of decline eventually accelerated to 2.0 percent a month.) [..]

As it is, these transcripts should make readers furious that the FOMC members were getting big paychecks for their work and will enjoy fat pensions in retirement. Unlike workers in Detroit and Chicago, they did mess up on their job, big-time. Read em and weep.

Robert Kuttner: ‘Trade’ Deals on the Ropes

The globalization agenda of American financial elites that has dominated both parties’ trade policy for three decades is on the verge of crashing and burning. There is escalating, perhaps fatal, opposition to the proposed Pacific and Atlantic deals in both the U.S. Congress and among partner nations.

House Democratic Leader Nancy Pelosi is opposed to granting the required “fast track” trade negotiating authority. Harry Reid, the Senate Majority Leader, opposes fast track’s up-or-down vote provisions as well. The new Senate Finance chair, Ron Wyden, is far more of a skeptic than his predecessor, Max Baucus. Last week’s “Three Amigos” NAFTA 20 anniversary summit meeting in Mexico accomplished nothing other than photo ops. [..]

The agenda of global finance, carried out via “trade” deals, has diverted attention from the real economic issues — rising inequality and insecurity for ordinary people, the use of globalization as a battering ram to empower capital and weaken labor, and to prevent government interventions from averting financial speculation and collapse.

Amid these real crises of neo-liberalism, enhanced trade has been portrayed as a deux ex machina, which will solve our problems if only we get rid of what’s left of the mixed economy. It won’t. The proposed deals would only make matters worse.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

The Sunday Talking Heads:

This Week with George Stephanopolis: This guests on Sunday’s “This Week” are: former President George W. Bush; and Marine Corps veteran and Team Rubicon co-founder Jacob Wood.

The roundtable debate guests are: Democratic strategist and ABC News contributor Donna Brazile, ABC News political analyst Matthew Dowd; New York Times foreign affairs columnist Tom Friedman; and Weekly Standard editor and ABC News contributor William Kristol.

Face the Nation with Bob Schieffer: Mr. Schieffer’s guests are Sen. John McCain (R-AZ); Margaret Brennan, CBS News’ State Department Correspondent; Gov. Martin O’Malley (D-MD) and Gov. Bobby Jindal (R-LA).

Joining him for a panel discussion are Jonathan Martin, national political correspondent for The New York Times; Dan Balz, chief correspondent for The Washington Post; Amy Walter, national editor of The Cook Political Report;, and our CBS News political director John Dickerson.

Meet the Press with David Gregory: Guests on MTP are: National Security Adviser Susan Rice; Canadian Foreign Minister John Baird and Sierra Club Executive Director Michael Brune.

Guests at the roundtable are New York Times columnist David Brooks; New York Times White House Correspondent Helene Cooper; Co-Anchor and Managing Editor of the PBS NewsHour Judy Woodruff; and Host of MSNBC’s “Hardball” Chris Matthews.

State of the Union with Candy Crowley: Ms. Crowley’s guests are Govs. Mike Pence (R-IN), Dan Malloy (D-CT), Rick Perry (R-TX), and Jay Nixon (D-MO).

Her panel guests are Robert Costa of the Washington Post; Democratic Strategist Penny Lee; and the National Review‘s Ramesh Ponnuru.

Steve Kornacki’s guests share the things they learned this week.

“Punting the Pundits” is an Open Thread. It is a selection of editorials and opinions from around the news medium and the internet blogs. The intent is to provide a forum for your reactions and opinions, not just to the opinions presented, but to what ever you find important.

Thanks to ek hornbeck, click on the link and you can access all the past “Punting the Pundits”.

Follow us on Twitter @StarsHollowGzt

New York Times Editorial Board: Coping With Infectious Disease

The list of infectious diseases that could leap from remote areas of the world to strike countries thousands of miles away is growing. A warning of what can happen occurred a decade ago when an outbreak in China of a mysterious new viral disease, known as SARS, or severe acute respiratory syndrome, was covered up by the Chinese authorities, allowing infected airline passengers to carry the virus to more than two dozen other countries. The disease killed nearly 800 people and caused large economic losses in Asia and Canada.  [..]

A pilot project in Uganda last year, supported by the Centers for Disease Control and Prevention, showed that biological specimens from sick patients could be gathered in remote areas of the country and carried by motorcycle and overnight delivery service to a well-equipped central laboratory, and the test results could be transmitted back by cellphone to the remote areas. A new technology currently being tested in Uganda is a dipstick, like those used for pregnancy tests, that can diagnose pneumonic and bubonic plague at the patient’s bedside in 20 minutes. [..]

Congress ought to approve that money. A five-year program to extend assistance to 30 countries to protect their populations could cost the United States up to $1.5 billion, which would be worth spending if the initial projects prove successful. Other advanced nations need to contribute money and expertise, too. Diseases know no borders, and a health crisis in one country could, without control, become our own.

Jon Walker: The Biggest Progressive Victory of 2014 So Far Was Against Obama, Not With Him

Since we are only seven weeks into 2014 I feel confident calling President Obama’s decision to remove the chained-CPI Social Security benefit cut from his budget the biggest victory for progressives so far this year. [..]

It is a sad comment about the current state of politics that the biggest progressive victory so far this year wasn’t a victory with the Democratic President, but a victory against him. While Obama did technically remove chained-CPI, he was the one who put it there in the first place. He is the one who has been consistently pushing for a grand bargain for years. He was the one who forced the Democratic party to temporarily back such a destructive and deeply unpopular position.