Tag: TMC 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: Ransom Paid

Anyone who characterizes the deal between the President, Democratic, and Republican leaders as a victory for the American people over partisanship understands neither economics nor politics.

The deal does not raise taxes on America’s wealthy and most fortunate – who are now taking home a larger share of total income and wealth, and whose tax rates are already lower than they have been, in eighty years. Yet it puts the nation’s most important safety nets and public investments on the chopping block

It also hobbles the capacity of the government to respond to the jobs and growth crisis. Added to the cuts already underway by state and local governments, the deal’s spending cuts increase the odds of a double-dip recession. And the deal strengthens the political hand of the radical right.

Yes, the deal is preferable to the unfolding economic catastrophe of a default on the debt of the U.S. government. The outrage and the shame is it has come to this choice.

New York Times Editorial: Cruel Isolation

For many decades, the civilized world has recognized prolonged isolation of prisoners in cruel conditions to be inhumane, even torture. The Geneva Conventions forbid it. Even at Abu Ghraib in Iraq, where prisoners were sexually humiliated and physically abused systematically and with official sanction, the jailers had to get permission of their commanding general to keep someone in isolation for more than 30 days.

So Americans should be disgusted and outraged that prolonged solitary confinement, sometimes for months or even years, has become a routine form of prison management. It is inflicting unnecessary, indecent and inhumane suffering on tens of thousands of prisoners.

The issue came to the fore most recently because of a three-week hunger strike by inmates at Pelican Bay State Prison in California near the Oregon border that began on July 1 in the Orwellian Security Housing Unit, where inmates are held in wretched isolation in small windowless cells for more than 22 hours a day, some for many years.

Joe Nocera: Tea Party’s War on America

You know what they say: Never negotiate with terrorists. It only encourages them.

These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransigent demands for deep spending cuts, coupled with their almost gleeful willingness to destroy one of America’s most invaluable assets, its full faith and credit, were incredibly irresponsible. But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.

snip

For now, the Tea Party Republicans can put aside their suicide vests. But rest assured: They’ll have them on again soon enough. After all, they’ve gotten so much encouragement.

Robert Kuttner: The Goons of August

Let us face the momentous truth: The United States has been rendered ungovernable except on the extortionate terms of the far-right.

For the first time in modern history, one of the two major parties is in the hands of a faction so extreme that it is willing to destroy the economy if it doesn’t get its way.

And the Tea Party Republicans have a perfect foil in President Barack Obama. The budget deal is the logical conclusion of Obama’s premise that the way to make governing partners of the far right is to keep appeasing them. He is the perfect punching bag. He can be blasted both as a far-left liberal and as a weakling.

Dean Baker: US Debt Deal: How Washington Lost the Plot

Politicians and the media are obsessing on debt, deficit and cuts, but the real story is a stalled economy and rising unemployment

President Obama and the Republicans in Congress have finally worked out a deal over the debt ceiling. It appears as though the Republicans got most of what they wanted: big cuts to domestic spending and no tax increases.

On the plus side, social security and Medicaid appear to be largely intact, although the deal commits Congress to set up another one of those dreadful “bipartisan” commissions, and some cuts to Medicare are on the table. The main qualification for being chosen as a member or staffer for this commission will be that you were too ignorant of the economy to notice the $8tn housing bubble whose collapse brought on the current crisis. Fortunately, Washington has no shortage of policy wonks who fit this description.

Richard Means: Voter ID Is an Attempt to Suppress Democracy

At this critical time in our nation’s history, when wider participation by the American people in their own democracy should be encouraged, Republican politicians are instead suppressing that participation by limiting access to the voting booth.

So-called “voter ID” laws signed into law this year in several states have nothing to do with their purported aim of protecting the sanctity of elections and everything to do with concentrating political power in fewer and fewer hands.

As a former prosecutor of election-law violations in Chicago, I know a little something about election fraud. But what I found in years of pursuing cases of ballot abuse is that it almost never involved ordinary citizens who, say, voted when they weren’t eligible, voted under an assumed name, or voted multiple times.

Wendell Potter: Health Insurers Sacrifice Americans for Profit

Three of the biggest health insurers have announced quarterly earnings in the past few days. If Americans were able to eavesdrop on what executives from those firms tell their Wall Street masters every three months, they would have a better understanding of why premiums keep going up while the number of people with medical coverage keeps going down

It only takes three words, when you get right down to it, to describe the real of those folks: profits over people.

Congressional Game of Chicken: Taking More Hostages

The House of Representatives raised the debt ceiling by a vote of 269 to 161 and the bill moved to the Senate where it was expected to pass by unanimous consent passed by a vote of 72 – 26 and was signed into law by President Obama this afternoon. Besides raising the debt ceiling enough so that it won’t have to be considered again until 2013, well after the election, the bill contains budget cuts that will total over $2 trillion, part immediately, the rest over 10 years.  The bill was called “a sugar coated satan’s sandwich” by Rep. Emanuel Cleaver (D-MO), chairman of the Congressional Black Caucus due to the rest of the bill’s proposals. House Speaker John Boehner spoke with the press gleefully stating that he got 98% of what he wanted. On the other side of the Capitol building, Senate Minority leader Mitch McConnell warning that there is more use of raw extortion as a negotiating tactic in the future:

: It set the template for the future. In the future, Neil, no president – in the near future, maybe in the distant future – is going to be able to get the debt ceiling increased without a re-ignition of the same discussion of how do we cut spending and get America headed in the right direction. I expect the next president, whoever that is, is going to be asking us to raise the debt ceiling again in 2013, so we’ll be doing it all over.

The bill includes the creation of an equally split “super committee” that abrogates the right of congressional parliamentary prerogatives to debate or amend bills that arise from any agreement and if there is no agreement on cuts, then automatic across the board cuts that include Medicare and military spending. Keith Olbermann’s Special Comment eviscerates the bill’s flaws and the consequences.

Transcript:

I close, as promised, with a Special Comment on the debt deal.

Our government has now given up the concept of right and wrong.

We have, in this deal, declared that we hold these truths to be self-evident: that all political incumbents are created equal, that they are endowed by their creator with certain unalienable Rights, that among these are Re-nomination, re-election, and the pursuit of hypocrisy.

We have, in this deal, gone from the Four Freedoms to the Four Great Hypocrisies.

We have superceded Congress to facilitate 750 billion dollars in domestic cuts including Medicare in order to end an artificially-induced political hostage crisis over debt, originating from the bills run up by a Republican president who funneled billions of taxpayer dollars to the military-industrial complex by unfunded, unnecessary, and unproductive wars, enabled in doing so by the very same Republican leaders who now cry for balanced budgets – and we have called it compromise. And those who defend it have called it a credit to a pragmatic president who wins some sort of political “points” because, having stood for almost nothing here, he gave away almost nothing for which he stood.

It would be comical if it were not tragic.

Either way, it is a signal moment in our history, in which both parties have agreed and codified that the political structure of this nation shall now based entirely on hypocrisy and political self-perpetuation.

Let us start with the first of the Great Hypocrisies: The Committee. The Republican dogs can run back to their corporate masters and say they have forced one-and-one-half trillion dollars in cuts and palmed off the responsibility for them on this nonsensical “Super Congress” committee.

For two-and-a-half brutal years we have listened to these Tea Party mountebanks screech about the Constitution of the United States as if it were the revealed word and not the product of other – albeit far better – politicians. They demand the repeal of Amendments they don’t like, and the strict interpretation of the ones they do, and the specific citation of authorization within the Constitution for every proposed act or expenditure or legislation.

Except this one.

Where does it say in the Constitution that the two houses of Congress can, in effect, create a third house to do its dirty work for it; to sacrifice a few Congressmen and Senators so the vast majority of incumbents can tell the voters they had nothing to do with this?

This leads to the second of the Great Hypocrisies: how, in the same breath, the Republicans can create an extra-Constitutional “Super Congress” and yet also demand a Constitutional Amendment to force the economic stupidity that would be a mandated balanced budget. Firstly: pick a side! Ignore the Constitution or adhere to it.

Firstly, pick a side, ignore the constitution or adhere to it. And of what value would this Mandated Balanced Budget be? Our own history proves that at a time of economic crisis, if the businesses aren’t spending, and the consumers aren’t spending, the government must. Our ancestors were the lab rats in the horrible experiments of the Hoover Administration that brought on the Great Depression, in which the government curled up into a ball while it simultaneously insisted the economy should heal itself, when, in times of crisis – then and now – the economy turns out to be comprised entirely of a bunch of rich people who will sit on their money no matter if the country starves.

Forgotten in the Republican Voodoo dance, dressed in the skins of the mythical Balanced Budget, triumphant over the severed head of short-term retrenchment that they can hold up to their moronic followers, are the long-term implications of the mandated Balanced Budget.

What happens if there’s ever another… war?

Or another… terrorist attack?

Or another… naturaldisaster?

Or any other emergency that requires A government to spend a dollar morethan it has? A Constitutional Amendment denying us the right to run a deficit, is madness, and it will be tested by catastrophe sooner than any of its authors with their under-developed imaginations that can count only contributions and votes, can contemplate.

And the third of the Great Hypocrisies is hidden inside the shell game that is the Super Congress. TheSuper Congress is supposed to cut evenly from domestic and defense spending, but if it cannot agree on those cuts, or Congress will not endorse them, there will be a “trigger” that automatically cuts a trillion-two or more – but those cuts will not necessarily come evenly from the Pentagon. We are presented with an agreement that seems to guarantee the gutting of every local sacred cow from the Defense Department. Except if the Congressmen and Senators to whom the cows are sacred, disagree, and overrule, or sabotage the Super Congress, or, except if for some reason a 12-member Committee split evenly along party lines can’t manage to avoid finishing every damned vote 6-to-6.

We’re cutting Defense. Unless we’re not.

The fourth of the Great Hypocrisies is the evident agreement to not add any revenues to the process of cutting. Not only is the impetus to make human budget sacrifices out of thepoor and dependent formalized… but the rich and the corporations are thus indemnified, again, and given more money not merely to spend on themselves and their own luxuries, but more vitally, they are given more money to spend on buying politicians, and legislatures, and courts, buying entire states, all of which can be directed like so many weapons, in the service of one cause and one cause alone: making bystatute and ruling, the further protection of the wealthy at the expense ofeverybody else, untouchable, inviolable – permanent.

The White House today boasted of loopholes to be closed and tax breaks to be rescinded — later.

By a committee.

A committee that has yet to be formed.

There are no new taxes. Except the stealth ones, enacted on 99 out of 100 Americans by this evil transaction. Every dollar cut from the Safety Net is another dollar added to the citizen’s cost for education, for security, for health, for life itself. It is another dollar he can’t spend on making a better life for himself, or atleast his children. It is another dollar he must spend instead on simply keeping himself alive.

Where is the outrage over these Great Hypocrisies? Do you expect it to come from a corrupt and corrupted media, for whom access is of greater importance than criticizing the failure of a political party or defending those who don’t buy newspapers or can’t leapwebsite paywalls or could not afford cable tv?

Do you expect it to comefrom a cynical and manipulative political structure? Do you expect it from those elected officials who no longer know anything of government or governance, but only perceive how to get elected, or how to pose in front of a camera and pretend to be leaders? Do you expect it from politicians themselves, who will merely calculate whether or not it’s right based on whether or not it will get them more contributions?

Do you expect it will come from the great middle ground of this country, with a population obsessed with entertainment, video games, socialmedia, sports, and trivia?

Where is the outrage to come from?

From you!

It will do no good to wait for the politicians to suddenly atone for their sins. They are too busy trying to keep their jobs, to do their jobs.

It will do no good to wait for the media to suddenly remember its origins as the ‘free press,’ the watchdog of democracy envisioned by Jefferson. They are too busy trying to get exclusive DETAILS about exactly how the bankrobbers emptied the public’s pockets, to give a damn about telling anybody what they looked like, or which way they went.

It will do no good to wait for the apolitical public to get a clue. They can’t hear the clue through all the chatter and scandal and diversion and delusion and illusion.

The betrayal of what this nation is supposed to be about did not begin with this deal and it surely will not end with this deal. There is a tide pushing back the rights of each of us, and it has been artificially induced by union-bashing and the sowing ofhatreds and fears, and now this ever-more-institutionalized economic battering of the average American. It will continue, and it will crush us, because those who created it are organized and unified and hell-bent.

And the only response is to be organized and unified and hell-bent in return. We must find again the energy and the purpose of the 1960’s and early 1970’s and we must protest this deal and all the God damn deals to come, in the streets. We must arise, non-violently but insistently. General strikes, boycotts, protests, sit-ins, non-cooperation take-overs – but modern versions of that resistance, facilitated and amplified, by a weapon our predecessors did not have: the glory that is instantaneous communication.

It is from an old and almost clichéd motion picture that the wisdom comes: First, you’ve got to get mad.

I cannot say to you, meethere or there at this hour or that one, and we will peacefully break the back of government that now exists merely to get its functionaries re-elected. But I can say that the time is coming when the window for us to restore the control of our government to our selves will close, and we had damn well better act before then.

Because this deal is more than a tipping point in which the government goes from defending the safety net to gutting it. This is wrong, and while our government has now declared that it has given up the concept of right-and-wrong, you and I… have not, and will not, do so.

Good night, and good luck.

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”.

Paul Krugman: The President Surrenders

A deal to raise the federal debt ceiling is in the works. If it goes through, many commentators will declare that disaster was avoided. But they will be wrong.

For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.

New York Times Editorial: To Escape Chaos, a Terrible Deal

There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all. The deal would avert a catastrophic government default, immediately and probably through the end of 2012. The rest of it is a nearly complete capitulation to the hostage-taking demands of Republican extremists. It will hurt programs for the middle class and poor, and hinder an economic recovery.

It is not yet set in stone, and there may still be time to make it better. But in the end, most Democrats will have no choice but to swallow their fury, accept the deal and, we hope, fight harder the next time.

Jacob S. Hacker and Oona A Hathaway: Our Unbalanced Democracy

OUR nation isn’t facing just a debt crisis; it’s facing a democracy crisis. For weeks, the federal government has been hurtling toward two unsavory options: a crippling default brought on by Congressional gridlock, or – as key Democrats have advocated – a unilateral increase in the debt ceiling by an unchecked president. Even if the last-minute deal announced on Sunday night holds together, it’s become clear that the balance at the heart of the Constitution is under threat.

The debate has threatened to play out as a destructive but all too familiar two-step, revealing how dysfunctional the relationship between Congress and the president has become.

Katrina vanden Heuvel: From the debt debate to a hostage revolt

In the melodrama that is consuming Washington this hot summer, featuring the spectacle of how much Tea Party Republicans will be able to extort for agreeing not to blow up the economy, the values and priorities of most Americans were early casualties. That reality will drive – no matter what the resolution this week – new, independent citizen mobilizations challenging both Republican zealotry and Democratic cravenness.

The debt-ceiling debate has lasted long enough for most Americans to start paying attention and to realize just how divorced both parties are from basic common sense. With the economy faltering and 25 million people in need of full-time work, most Americans want Washington focused on how to create jobs and get the economy going, not on slashing spending for the rising number of poor children while sheltering tax havens for millionaires.

John Nichols: GOP’s Debt-Ceiling Games Have Raised the Prospect of a “Crunching Global Recession”

U.S. markets trended downward all last week, as congressional Republicans refused to get serious about raising the debt ceiling.

Now, international markets are jittery. And as the August 2 deadline for resolving the issue looms, there is growing concern about a radical response to the political meltdown that occurred when House Speaker John Boehner, R-Ohio, and the House Republican Caucus decided Friday to abandon realistic negotiations to resolve the debt-ceiling standoff.

There is suddenly talk, serious talk, that the faked up crisis created by Republicans who are refusing to allow a Democratic president to do what Ronald Reagan and George Bush did repeatedly — borrow the money needed to pay for spending approved by Congress —  could cause a “crunching global recession.”

Robert Freeman: We Must Destroy the Government in Order to Save It

A certain, macabre phrase came to personify the Vietnam War: “We had to destroy the village in order to save it.” The colonel who uttered it was doubtless oblivious to both the psychotic irony and the larger surreal symbolism that the phrase represented. Savage destruction was perfectly consonant with ideologically-intended salvation, just so long as both were issued by the same sanctimonious American official. Indeed, in some perverse medieval rendering of modern imperial justice, salvation could only be achieved through destruction.

The phrase might just as well be a rallying cry for the Tea Party Republicans and their holy jihad against government and the cooperative society that government represents: they must destroy it in order to save it. For that is unquestionably what the debt ceiling debacle is really about.

Let’s dispense once and for all with the fiction that the debt ceiling debate is anything but a contrivance to destroy government and the shared aspirations to civility that government represents.

Punting the Pundits: Sunday Preview Edition

Punting the Punditsis 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”.

The Sunday Talking Heads:

I strongly suspect that there will be only one topic discussed on any of these programs. Go to the park or the beach. It may be your last chance as most public facilities will be closed due to the coming austerity

This Week with Christiane Amanpour: This week’s guests are White House Senior Advisor David Plouffe and ABC News Chief Political Correspondent George Stephanopoulos. Then, if you can stomach watching, Sen. Lindsey Graham (R-SC) in an exclusive interview.

The guests on the roundtable are ABC News Chief Political Correspondent George Stephanopoulos, ABC’s George Will, Nobel Prize-winning economist and New York Times columnist Paul Krugman, and Grover “Lord Voldemort” Norquist, President of Americans for Tax Reform.

New York City Police Commissioner Ray Kelly discusses security and ABC News’ David Muir in the Horn of Africa on the devastating famine.

Face the Nation with Bob Schieffer: Guests are Senate Minority Leader Sen. Mitch “Human-Hybrid Turtle” McConnell (R-KY), and Democratic Policy Committee Chairman Sen. Chuck “Wall St.’s Puppet, Schumer (D-NY).

The Chris Matthews Show: This week’s guests Andrea Mitchell, NBC News Chief Foreign Affairs Correspondent, Howard Fineman, The Huffington Post Senior Political Editor, Michael Duffy, TIME Magazine Assistant Managing Editor and Nia-Malika Henderson, The Washington Post National Political Reporter who will discuss:

Why the GOP thinks this debt chaos helps them beat Barack Obama in 2012 and will Rick Perry be the GOP Nominee?

Meet the Press with David Gregory: Guests are White House Senior Advisor David Plouffe, Sen. Claire McCaskill (D-MO) and Sen. John Thune (R-SD). Joining the roundtable are Former Governor of Michigan, Jennifer Granholm (D), Rep. Raul Labrador (R-ID), the host of CNBC’s “Mad Money” Jim Cramer, and NBC’s Tom Brokaw.

State of the Union with Candy Crowley: Guest host Gloria Borger will talk to Senate Minority Leader Mitch McConnell (R-KY), Sen. Chuck Schumer (D-NY) and Director of the National Economic Council and Assistant to the President for Economic Policy Gene Sperling and Mark Zandi, chief economist for Moody’s Analytics.

Fareed Zakaris: GPS:Fareeh is pissed at the tea party so watching this might be fun just to hear him vent

His primary interview will be with International Monetary Fund, Christine Lagarde on the US debt crisis.

Jeff Cohen: Mainstream Reporters: Too Close to the Field and Teams to Get the Debt Story

If you were a spectator in a sky box seat looking directly down on the Washington debt debate, you’d be seeing a contest both narrow and off to one edge of the field — like watching a football game being played entirely between the 10-yard line and the goal line.

The big items that added trillions to the debt are not even on the field of debate. Because the two teams are not contesting them.

   

  • Wars: When Obama expanded the Afghan war and asked for the largest military budget in world history, the GOP largely applauded. It was bipartisan.
  • Bush Tax Cuts for the Wealthy: Obama extended them in December.
  • Bank Bailouts: Bipartisan.
  • Declining Tax Revenue: Resulted from recession and financial meltdown caused by years of bipartisan (Reagan/Clinton) deregulation of Wall Street. And by big companies like General Electric (whose CEO is Obama’s jobs chairman) dodging their taxes.

That’s the broad view — a perspective that sees our country in extreme debt and extremist “debate” because the leaders of the two teams collaborated in putting it there.

But this would not be your view if you were a mainstream reporter. Because reporting in elite U.S. media is not so much about relaying obvious and important facts as it is about positioning.

Ken Sofer: World Reacts to Debt Ceiling Debacle: “Irresponsible,” “Worst Kind of Absurd Theatrics”

The rhetoric over raising the debt ceiling has become increasingly harsh as Democratic and Republican congressional leaders trade barbs back and forth. But as the U.S. inches closer to defaulting on its debts for the first time in history, criticism of Congress is starting to come from beyond our own borders. From France and Germany to China and India, countries around the world are angry that American politicians play with the possibility of a U.S. default like a yo-yo with little regard for the international economic system that depends on American solvency.

Despite China’s traditional preference of staying out of the domestic affairs of other nations, senior Chinese officials’ frustrations are growing louder and louder. Stephen Roach, the non-executive chairman of Morgan Staley Asia, said senior Chinese officials told him the debt ceiling debte in the U.S. is “truly shocking.” “We understand the politics,” a Chinise official said, “but your government’s continued recklessness is astonishing.” And newspapers around the world are voicing discontent with Congress’s handling of the debt ceiling . . .

Frank Bruni: Taxes, and a Dangerous Purity

WHAT does the face of antitax absolutism look like?

It has a tentative beard, more shadow than shag, like an awkward weigh station on the road from callow to professorial. It wears blunt glasses over narrowed eyes that glint mischievously, and its mouth is rarely still, because there’s no end to the jeremiads pouring forth: about the peril of Obama, the profligacy of Democrats and the paramount importance of opposing all tax increases, even ones that close the loopiest of loopholes.

It belongs to Grover Norquist, and if you hadn’t seen it before, you probably spotted it last week, as he pinged from CNN to MSNBC to Fox, reveling in the solidarity Republicans had shown against any new revenue. The country was lurching toward a possible default, but Norquist was riding high. In between television appointments on Thursday, he met me for breakfast near Times Square.

New York Times Editorial: Meanwhile, Back in the Economy

The economy is in trouble, and Washington – fixated on budget slashing at a time when the economy needs more spending – seems determined to make matters worse.

On Friday, in the midst of the debt limit battle, the government reported that economic growth nearly ground to a halt in the first quarter of 2011, a far worse performance than previously estimated. The second-quarter growth number, a feeble 1.3 percent annual rate, is not nearly enough to stop unemployment from rising even higher.

Nor are there persuasive signs that absent more government support, conditions will turn around anytime soon. Indeed, they are bound to worsen if Congress approves deep near-term spending cuts as part of a debt-limit deal while letting relief and recovery measures

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 Kuttner: Where is Our Crisis President?

Obama should have steered us away from disaster. Instead he drove us straight to it.

Like most American spectators watching this slow-motion train wreck of a budget disaster, I have assumed that at the last minute the damsel would be pulled off the track of the oncoming train. Somehow, the Republicans would appreciate the stakes, a compromise (albeit on sickeningly Republican terms) would be reached, and the nation would be spared the catastrophe of default-a gratuitous deepening of an already dire economic mess.

Now I am not so sure. In the last 48 hours, the Republicans have dug in even more, and Democrats are drawing the line at the Reid plan (which is already far too Republican).

For those who think that a default won’t happen because it is in nobody’s interest, think back on World War I. It was in nobody’s interest. Yet it destroyed Europe’s common civilization and ushered in nearly a century of economic instability and war. World War I occurred because both sides dug in and assumed the other would have to blink first. But that was a miscalculation. Instead of a last-minute deal, we got four years of trench warfare, economic ruin, and millions of wasted lives. Oops.

New York Times Editorial: It’s Up to the Senate

Mr. Reid is negotiating with Republicans on their demands for an enforcement mechanism to make sure the deficit cuts take place in the later years of the deal. Both parties envision a bipartisan panel that could recommend cuts; if those are not adopted, some kind of automatic cuts would go into effect. This automatic knife can be dangerous, arbitrarily cutting without regard to economic circumstances. Democrats should insist that taxes and revenues are not ruled out as a way to lower the deficit.

The House planned a deliberately obstructionist vote on Saturday against the Reid bill, but some Senate Republicans are signaling they are willing to agree to this more reasonable framework. If enough of them can join the Democrats and ignore the bleats of the Tea Party, it may still be possible to avert calamity.

Jane Hamsher: Is Standard and Poor’s Manipulating US Debt Rating to Escape Liability for the Mortgage Crisis?

It’s becoming more and more obvious that Standard and Poor’s has a political agenda riding on the notion that the US is at risk of default on its debt based on some arbitrary limit to the debt-to-GDP ratio. There is no sound basis for that limit, or for S&P’s insistence on at least a $4 trillion down payment on debt reduction, any more than there is for the crackpot notion that a non-crazy US can be forced to default on its debt.

Whatever S&P’s agenda, it has nothing to do with avoiding default risks or putting the US on sound fiscal footing. It appears to be intertwined with their attempts to absolve themselves from responsibility for their role in the 2008 financial crisis, and they are willing to manipulate not only the 2012 election but the world economy to escape the SEC’s attempts to regulate them.

It’s time the media and Congress started asking Standard and Poors what their political agenda is and whom it serves.

Thomas Geoghegan: Use Article I to Address Debt Ceiling

But is the debt ceiling law really unconstitutional? My old law professor says no. He also says no one has “standing” – an inside baseball term for the special injury a litigant must plead in order to sue. Other law professors opine that the courts will do nothing, because it is a political question.

Of course, as to whether anything is “unconstitutional,” there is no Platonic answer up there in heaven. It’s unconstitutional if a court says it is.

Virtually the entire legal debate about the debt ceiling has been focused on the 14th Amendment, section 4. It’s easy to see why. The language is on point: “The validity of the public debt of the United States, authorized by law…shall not be questioned (emphasis supplied).” That would seem to say: If Congress authorized it, Congress must pay for it.

But the far better case is that, under Article I of the Constitution, Congress has no power to welch on a debt. Article I, unlike the 14th Amendment, is a restraint on Congress. If the power is not in Article I – Congress does not have it.

William Greider: Obama’s Bad Bargain

The most distressing outcome of the deficit hysteria gripping Washington may be what Barack Obama has revealed about himself. It was disconcerting to watch the president slip-slide so easily into voicing the fallacious economic arguments of the right. It was shocking when he betrayed core principles of the Democratic Party, portraying himself as high-minded and brave because he defied his loyal constituents. Supporters may hope this rightward shift was only a matter of political tactics, but I think Obama has at last revealed his sincere convictions. If he wins a second term, he will be free to strike a truly rotten “grand bargain” with Republicans-“pragmatic” compromises that will destroy the crown jewels of democratic reform.

The president has done grievous damage to the most vulnerable by trying to fight the GOP on its ground-accepting the premise that deficits and debt should be a national priority. He made the choice more than a year ago to push aside the real problem-the vast loss and suffering generated by a failing economy.

Tarak Barkawi: Neoliberalism, Not Multiculturalism Is Biggest Threat to Western Values

The paranoid style in politics often imagines unlikely alliances that coalesce into an overwhelming threat that must be countered by all necessary means.

In Clash of Civilizations, Samuel Huntington conjured an amalgamated East – an alliance between “Confucian” and “Islamic” powers – that would challenge the West for world dominance. Many jihadis fear the Crusader alliance between Jews and Christians. They forget that until recently, historically speaking, populations professing the latter were the chief persecutors of the former.

Now Anders Breivik has invoked the improbable axis of Marxism, multiculturalism and Islamism, together colonising Europe. As he sees multiculturalism as essentially a Jewish plot, Breivik has managed to wrap up the new and old fascist bogies in one conspiracy: communists, Jews and Muslims.

Lee Saunders: Undermining the Right to Vote

There is no right more precious in our nation than the right of citizens to cast a ballot on Election Day.  That is why generations of Americans have sacrificed and even died in efforts to expand the right to vote.  Yet across the country, powerful corporate interests and the right-wing politicians who do their bidding are working hard to make it more difficult for citizens to vote.  In more than two dozen states this year, bills have been introduced to restrict the right to vote; and in several states where Wall Street-backed Republicans control both houses of the legislature, governors have signed these fundamentally misguided measures into law.

As a result of these cynical attempts to turn back from the progress America has made in expanding voting rights, millions of voters are in for a surprise when they go to the polls.  They will find new requirements that have never before existed, requirements that have been put in place to keep particular voters – students, minorities and senior citizens – from having their voices heard in our democracy.

Countdown with Keith Olbermann

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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”.

Paul Krugman: The Centrist Cop-Out

The facts of the crisis over the debt ceiling aren’t complicated. Republicans have, in effect, taken America hostage, threatening to undermine the economy and disrupt the essential business of government unless they get policy concessions they would never have been able to enact through legislation. And Democrats – who would have been justified in rejecting this extortion altogether – have, in fact, gone a long way toward meeting those Republican demands.

As I said, it’s not complicated. Yet many people in the news media apparently can’t bring themselves to acknowledge this simple reality. News reports portray the parties as equally intransigent; pundits fantasize about some kind of “centrist” uprising, as if the problem was too much partisanship on both sides.

Joe Conason: Why China is Laughing All the Way to the Bank

The global impact of the American debt crisis-and the likelihood of permanent damage to American interests-are already visible to Sen. John Kerry, D-Mass., from his perch as chairman of the Senate Foreign Relations Committee. Indeed, he is not only seeing but hearing those effects.

“The Chinese are laughing all the way to the bank,” said the former Democratic presidential nominee, because a downgrading of U.S. Treasury securities will mean enormous and completely unnecessary increases in our interest payments to the nation’s largest creditor-and our most important competitor in the international arena.

“If we suffer a downgrade of our (U.S. Treasury) debt simply because of the brief time before we have to go through this exercise again,” said Kerry, referring to the House Republican insistence on a debt-limit increase that will expire before next Christmas, “it would mean billions of additional dollars that would have to be paid to the Chinese.”

Moshe Adler: Without a Debt Deal, Obama Can Make the Rich Pay

What we should be talking about when we talk about the debt ceiling is the proper role and size of government. Instead, we are asking whether the government spends too much on programs that alleviate the pain that is the result of government policies in the first place. Social Security, Medicare, Medicaid, unemployment insurance and food stamps are all good programs, but all are meant to deal with the consequences of the income inequality that the government makes possible by the laws it passes. Income security programs make up 65 percent of all government expenses, and from this we are asked to conclude that the government is mainly in the business of serving and taking care of common people. But the most profound actions that the government takes, passing laws that make the rich rich, ostensibly cost no money and, because we play along, enforcing them supposedly has no cost.

Any agreement by Congress to cut the income security programs while leaving the main beneficiaries from our government-the rich-untouched, would be unconscionable. If Congress does not reach an agreement, and the deficit remains unfunded, this will give the president an unprecedented opportunity to expose who the government really serves, because it will be up to him alone; no agreement from Congress would be necessary to decide where to cut. Let him first withhold money from the enforcement and the support of laws that enrich the rich. This would lead to higher wages for workers and lower prices for consumers, and it would therefore be a good quid pro quo for the cuts he wants to make in income security programs.  

Timothy Egan: A Madman and His Manifesto

It passed with only scant notice, as with so many of the rude extremes of American life in a kinetic media age. The bodies of those Norwegian children slaughtered by a terrorist had yet to be fully recovered, let alone buried, when Glenn Beck compared the victims to Nazis.

The summer camp where children of the Norwegian Labor Party went for soccer, swimming, political debates and lectures “sounds a little like, you know, the Hitler Youth,” Beck said in his national radio broadcast.

No, Beck wasn’t justifying the killing of 68 people on Utoya Island. He was merely muddying the humanity of those young people executed by Anders Behring Breivik, the self-professed “Christian Knight” who has confessed to the attacks. But Beck’s Web site, The Blaze, was full of justifications for the mass murder of innocents, and provided a sampling of the troubled audience he caters to in this country.

Eugene Robinson: Why progressives need a Big Idea

Those who would chronicle events in Washington can find no richer source of analogy and metaphor than the Three Stooges. These days, I’m thinking of the times when an exasperated Moe, having suffered the indignity of an accidental spritzing or clobbering, turns to Larry or Curly and demands, “What’s the big idea?”

The premise of the debt-ceiling fight is too far-fetched for a Stooges film, since no audience could imagine leaders of a great nation stumbling into such a mess. Moe’s trademark line is still relevant, however, even if it’s not followed by the two-fingered poke in the eyes that our elected officials richly deserve.

It is clear that unless President Obama ends up taking unilateral action to break a hopeless deadlock, Republicans will win. The House, the Senate and the White House are all working within GOP-defined parameters: New tax revenue is off the table, painful budget cuts are a given, everyone seems to accept the principle that a debt-ceiling increase – which allows the Treasury to pay bills Congress has already incurred – must be tied to reductions in future spending.

Terrence Heath: Why the GOP Aims to Sink the Economy

“Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.” ~ Mark Twain ~

If our economy was the RMS Titanic, Republicans would be like an ambitious first mate, so eager to seize power from the captain that he steers the ship of state into an iceberg, thinking he’ll take over when the captain goes down with the ship. Republicans have forgotten – or no longer care – they’re on the boat too, and they’re working very hard to ensure that the country will be nearly ungovernable should they succeed in seizing the reins of government.

If it seems like the White House is arranging deck chairs on the Titanic, the GOP is busy measuring the the captain’s quarters for drapes, even as the ocean pours in. And the tea party orchestra plays on, with just one song on the playlist – “Under the Sea.”

You can take your pick for the moment the GOP noticably went off the rails. I have two favorites: when it fell to Peggy Noonan to be the Republicans’ voice of reason following Sarah Palin’s VP nomination, and when David Brooks warned the GOP that it “may no longer be a normal party”. Together, they’re the political equivalent of Courtney Love showing up at your intervention and Charlie Sheen offering you a ride to rehab. But this Republican party isn’t likely to heed such sane voices as Noonan and Brooks, and would just as soon throw them overboard.

Stephen Rohde: Getting Away With Torture: the Ill Treatment of Detainees

Should the U.S. government officials most responsible for setting interrogation and detention policies following the Sept. 11, 2001 attacks be investigated, and if warranted prosecuted, under United States and international law?

snip

HRW found that “there is enough strong evidence from the information made public over the past five years to not only suggest these officials authorized and oversaw widespread and serious violations of US and international law, but that they failed to act to stop mistreatment, or punish those responsible after they became aware of serious abuses.”

Moreover, although Bush administration officials have claimed that detention and interrogation operations were only authorized after extensive discussion and legal review by Department of Justice attorneys, HRW concludes that “substantial evidence that civilian leaders requested that politically appointed government lawyers create legal justifications to support abusive interrogation techniques, in the face of opposition from career legal officers.”

Buyer’s Remorse

I don’t even know what the hell the teabaggers want. Oppose whatever Obama might not veto, and blow up the world seems to be the agenda. ~ Atrios

Regrets, they have a few. After spending billions of dollars to buy the House, the US Chamber of Commerce has discovered that those Tea Party Republicans have a different idea about the economic needs of the country. The Chamber has been unsuccessful in convincing the freshmen, as well as, some of the more seasoned representatives that it is imperative to raise the debt ceiling to protect “the faith and credit of the US. The Tea Party caucus is winning

The chamber and other business groups have pressed with increasing urgency for Congress to raise the maximum amount that the government can borrow. They have cataloged the consequences of default at meetings, parties and dinners and over drinks.

On Tuesday, the chamber threw its weight behind the proposal of the House speaker, John A. Boehner, telling recalcitrant Republicans that a pending vote on the plan was a with-us-or-against-us moment that would be remembered during the next election campaign.

But as the government runs out of money, those efforts have not produced the desired result. The freshman class of House Republicans, along with longer-serving members, is balking at Mr. Boehner’s plan, let alone anything that Senate Democrats and the White House might be willing to accept.

David Case at Global Post‘s Macro says that business is fed-up with irrational right-wingers:

With the specter of a economic catastrophe looming unless Washington agrees to increase the government’s debt ceiling, Wall Street is already feeling the pinch. As lawmakers bicker, U.S. stocks have fallen for four straight days. The Dow has shed 3.3 percent, leaving it “on pace for its worst week since August 2010,” according to the Wall Street Journal. Meanwhile, investors this week gave the cold shoulder to a recent federal debt auction, foreshadowing downward pressure on the economy, higher borrowing costs and, in all likelihood, higher taxes on Americans (via even greater interest payments on our 14.3 trillion in debt) if lawmakers don’t get the deal right.

Who is to blame for this? “Tea Party hardliners,” according to an insightful analysis by Financial Times journalist Stephanie Kirchgaessner.

(emphasis mine)

At this point because of the doubt that this purely manufactured crisis, the average American tax payer will pay more thanks to the tea party idiots who are opposed to raising taxes. To say that this is pure idiocy on their part is an understatement. In the end they will play the victims and blame President Obama who wanted to give them even more that what they are now asking.

That is going to be not just a headache for the billionaires of the Chamber of Commerce but a migraine for most of the rest of the country. The Chamber of Commerce has a big problem that they created, like this whole manufactured crisis over merely paying the bill for what the US has already spent.

Countdown with Keith Olbermann

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