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Defcon 1 Alert: Debt Ceiling Crisis Reveals GOP’s Suicide Bomber Wing

In  retrospect, the emergence of a suicide-bomber wing of the Republican Party  should’ve seemed obvious.

Why  use such an inflammatory term? What I mean by it is this: They would blow up  the economy to fulfill a mission of otherworldly righteousness.

Their  first attempt to blow up the economy arrived with the defeat  TARP. It was a  reckless subversion of the leadership of both parties  and, at least for a day,  brought equity markets to their knees.

With  ideological bravado to match their breathtaking economic  illiteracy, they  positively relished the impact they could have on our  national life.

Since  then, they’ve become still more emboldened, knocking off an  incumbent  senator in Utah and propping up a  bad joke of a senate  candidate in Delaware.

Last  year’s wave election infested the party with additional scores of suicide  bombers.

In  a repeat of the TARP fiasco, the bomber boys and (and, lest we  forget  bomber-in-chief Michele Bachmann, girls) have, once again, made  it impossible  for congressional leaders to do the right thing. A grand  bargain was in sight—but the itch for destruction overmatched the  desire for reasonable compromise.

We  may yet stumble toward some cobbled-together agreement that staves off a  catastrophe. But  the bombers will be emboldened again.

And  why wouldn’t they be? They’ve got a cheering section among Washington pundits.

The  normally thoughtful Yuval  Levin calls this suboptimal state of affairs, in which Republicans will secure  far less  in deficit reduction than they could have, a “stunning victory.” New  York Post columnist  Michael  Walsh compares the debt ceiling showdown to the Union’s victory at Gettysburg. Most  depressing of all is my former hero George  Will, who calls the Tea Party “the most welcome political development since the  Goldwater insurgency.”

Will  is dead wrong: Ronald Reagan’s election—or rather his  administration—did not  simply bring the “Goldwater impulse” to  “fruition.” It signaled that the  Goldwater impulse had matured into a  governing philosophy—a governing  philosophy that could accept  compromise, could acknowledge reality.

The  Tea Party’s triumph has reversed that process of maturation; a governing  philosophy has degraded back into mere impulse.

Enjoy  your ascendancy while it lasts, Tea Partyers.

But  know this: You are not legislators. You are vandals.

By: Scott Galupo, U. S. News and World Report, July 26, 2011

July 27, 2011 Posted by | Congress, Conservatives, Debt Ceiling, Debt Crisis, Deficits, Democracy, Democrats, Disasters, Economic Recovery, Economy, Elections, GOP, Government, Government Shut Down, Ideologues, Ideology, Journalists, Lawmakers, Politics, Press, Public, Pundits, Republicans, Right Wing, Teaparty, Voters | , , , , , , , , , , | Leave a comment

Michele Bachmann’s Views, Not Her Headaches, Make Her Unfit

There is no doubt that Michele Bachmann gives many of us a headache. But to attack her, as Tim  Pawlenty has done in such a sexist way, as unfit to be president because of  migraines is absurd.

Many of our presidents have had health problems much more  serious than headaches—Roosevelt,  Kennedy, Taft, to name a few.

The problem with Michele Bachmann is not her migraines, it’s  what is in her head. It’s her ideas that  matter.

Just as Republicans who pay attention to politics were  terrified of a possible Sarah Palin nomination, they are equally petrified that  Bachmann might catch on in Iowa, South Carolina, and among the Tea Party  wing. Could she, in fact, squeak by and  actually win the nomination? Most think  not, but they are nevertheless nervous when they watch her poll numbers rise,  her bank account fatten, and the attention she is getting from the “lame stream  media” increase.

There is no question about her misstatements and problems with facts (John Wayne’s birthplace, associating Jimmy Carter with swine flu,  Founding Fathers working “tirelessly” to end slavery, maintaining that Obama  issued “one oil drilling permit” when he issued 200, etc., etc.). Check out the Pulitzer Prize winning website Politifact for a disturbing list.

The real problems we should be focusing on are her  outlandish and dangerous views on the issues.

Some are becoming very well known. Her views on gay and lesbian rights, for  example. She believes gays and lesbians are “part of Satan.” She and her husband have mounted campaigns  against gays and lesbians, beginning in Minnesota and now on the campaign  trail.

She was against TARP and proudly proclaimed her opposition  in the New Hampshire debate. Most  economists believe that this saved the American economy from complete meltdown  and a severe depression. Plus, most of  the money is being paid back, and we have a strong American auto industry  because of the actions of President Bush and President Obama.

She believes we should not only abolish the entire tax code,  but we should abolish the Environmental Protection Agency, the Department of Education,  the Department of Energy and the Department of Commerce. (Politico 4/18/2011, among numerous other  sites) This is irresponsible,  shortsighted, and destructive to the United States.

I find it extraordinary that Michele Bachmann should be  even considered for the office of the presidency. Her views, her lack of competence and  experience, and her minimal leadership skills all are much more worrisome than her  headaches. Actually, just watching her out there makes my head spin.

By: Peter Fenn, U. S. News and World Report, July 25, 2011

July 27, 2011 Posted by | Conservatives, Debt Ceiling, Democracy, Economic Recovery, Economy, Education, Elections, Equal Rights, GOP, Ideologues, Ideology, Iowa Caucuses, Politics, Republicans, Right Wing, Teaparty, Voters | , , , , , , , , , , , , , , , | Leave a comment

GOP’s Debt Ceiling Fight Is About Bringing Down Obama

Impeach  him.

Not the president. Barack Obama is holding a huge  global and domestic crisis in his hand. To use a Washington metaphor,  he’s dangerously close to being left “holding the bag” on the  Treasury debt ceiling limit. He keeps talking sweet reason about  the art of compromise to Republicans in Congress—not a language they speak.   Obama played golf with the House Speaker John Boehner, a Republican who  drones on about “small business” every chance he gets. Obama is  not getting traction or making friends with Boehner because he does  not grasp the conversation about the debt limit is not about the debt limit. It’s about taking his presidency down—this week—even if it hurts the  United States of America, which it will. A small price to pay for this  tea-drinking crowd of 87 GOP House freshmen which turned the chamber upside  down six months ago.

“This is no way to run the greatest country on  earth,” Obama  declared in a belated speech, sounding a call to arms around  the  country, last night. That in itself says so much—he’s right, but  he’s  the man who’s elected by the people—not John Boehner who was elected by a  small-town  slice of Ohio—to run the country! Everything was  calculated to leave  Obama in the lurch—by Boehner, House Majority  Leader Eric Cantor of the old  Confederate capital, Richmond, Va. and at  least one other mastermind. The  conspiracy has succeeded flawlessly so  far. They separated Obama from his  own party in Congress; in his  dealings with only Republicans he went way  beyond Bill Clinton’s  “triangulation” strategy. Obama made  allies feel like they were shut  out of the deal-making room when he  offered concessions that cut at the  heart of the Democratic Party‘s proud  history on social programs dating  to the New Deal.

The GOP—and I mean the George W. Bush years and the  current crop  of Senate Republicans, too—has a new deal for you, too. It’s  called  the New Steal. It goes like this: we’ll take all the peace and   prosperity of the Clinton tax code years up until 2000 and then squander  it on  a couple unwinnable wars of choice—and by the way, make rich  people pay less  into the Treasury than they did during those golden  years. They might start one  of those illusory “small businesses.”

The reason President Clinton was acquitted at his  impeachment trial  in the Senate for a fling with Monica Lewinsky was because he  built  bonds of loyalty, teamwork and camaraderie with Democrats in both houses   of Congress. Not one of them came forward on the floor to speak  against him,  except pious Sen. Joe Lieberman, who suggested a censure. He  was utterly alone in  his opportunistic little ploy. Clinton’s true  friends all stood by him in the  Senate—because he was their  president.

Obama, a bit of a loner, needs more bosom buddies  among lawmakers.  In a crisis, you find out who your friends are. The one  who could have  steered him straight, sailing into the wind, was the late great   senator, Edward M. Kennedy. When Kennedy got his Irish up and roared on   the floor, he scared the forest. Obama does not scare the Republican  jungle.

Let’s impeach Rush Limbaugh as the master of public  dis-coarse. He’s  the real reason we have so many angry white men in office who  are  plotting against the president. He’s writing the back-story of this   debt drama, consulting closely with House Republican leaders step by  step.  I believe it even if I can’t see it because he did the same thing  in  1994, in cahoots with Newt Gingrich, who recruited a new House  Republican  freshman class to take over the House. Yes, I saw Rush with  my own eyes  getting all the glory as class mascot at a fancy dinner at  Camden Yards in  Baltimore for the new Republican victors that enabled  Gingrich to become speaker. The government shutdowns and showdowns  against President Clinton  resulted—remember?

 

By: Jamie Stiehm, U. S. News and World Report, July 26, 2011

July 26, 2011 Posted by | Budget, Class Warfare, Congress, Conservatives, Debt Ceiling, Debt Crisis, Deficits, Democracy, Democrats, Economic Recovery, Economy, Elections, Federal Budget, GOP, Government, Government Shut Down, Ideologues, Ideology, Lawmakers, Politics, President Obama, Public, Republicans, Right Wing, Small Businesses, Taxes, Teaparty, Voters | , , , , , , , , , , , , , , | Leave a comment

Is Harry Reid Caving Or Calling The GOP Bluff?

If you can still remember the GOP position when the curtain first rose on Debt Ceiling Theater, you will recall that the Congressional Republicans had put forth two goals.

First, an agreement whereby every dollar permitted to be borrowed by a raise in the debt ceiling would be matched by a dollar of cuts in the federal budget; and Second, there could be no tax increases as a result of the process.

Senate Majority Leader Harry Reid (D-NV) is now offering up a plan that ostensibly meets the GOP demands by proposing a $2.7 trillion cut in federal spending to be matched by a like increase in the debt ceiling – with no tax increases or revenue boosts required.

That certainly sounds like a win for the GOP, doesn’t it?

Maybe it is – maybe it isn’t.

If the Republicans take the deal, they will accomplish a few important things.

For starters, in a country where few people read beyond the headlines and often believe what they are told by Fox News, a GOP declaration of victory would likely hold up – even if that victory proves to be little more than a cosmetic win.

Such a deal would also leave many on the left dispirited, believing that the President and the Democrats – by allowing the GOP to wriggle off the hook on revenue increases – will have, once again, caved to the opposition. This would threaten to split the Democrats at the worst possible time as we head into an election year.

But the devil is always in the details – and the details very much skew to the Democratic Party perspective.

Much of the cuts in the Reid plan are tied to reductions in spending on our two wars along with discretionary spending cuts. By structuring the cuts in this way, Reid is creating an incentive for the war supporters in Congress, and the President, to get out of Iraq and Afghanistan once and for all.

Accomplishing this would likely be perceived as a ‘win’ by many American voters who think it is time to bring these wars to a conclusion. Of course, those who are focused on achieving true and well defined cuts to our federal budget would likely see this maneuver as an example of budget trickery intended to create the appearance of a cut where no cut is really is going to take place if we continue our battles overseas.

More importantly from a political perspective, none of the budget reductions in the Reid proposal touch the entitlement programs that are sacrosanct to both the left and the rank-and-file members of Democratic Party, not to mention – if the polls are to be believed- Independents and many Republicans.

Finally, the Reid proposal provides a large enough raise in the debt ceiling to take us beyond the 2012 elections.

While the failure to get any revenue increases would, no doubt, be a black mark against the Democrats and the President, the Reid proposal would permit the Senate Democrats to argue that they succeeded in solving the debt ceiling crisis without impacting on entitlements – something the President was clearly ready to do in trade for revenue increases.

Preserving entitlements will make a lot of people happy and very possibly balance the anger of those who want the Democrats to hang in there until they accomplish some revenue increases by cutting corporate subsidies from the tax code and raising the rates on the wealthiest Americans.

The deal would also preserve to the Democrats the substantial political advantage they gained through the public revulsion to the Ryan budget plan and its dramatic impact on Medicare and Medicaid.

All of this puts the Republicans in a tricky spot.

If they accept Reid’s deal, they can claim a victory and go home.

But they will know that they really have won very little beyond the appearance of a win and some continued protection for the wealthy by holding off any tax increases – for now. Remember that the Bush tax cuts once again expire at the end of 2012. Should Obama win the election – and bring along some Congressional Democrats with him -the story could be very different than it was when Obama was forced to leave the Bush cuts intact in 2010 in order to protect the unemployment insurance payments so badly needed by the millions of out-of-work Americans.

Because of the questionable value of such a deal to those in the Tea Party Caucus, the group that very much appears to be in the driver’s seat these days, the Reid proposal could be a non-starter, forcing Boehner to, once again, pass up a compromise opportunity.

If Boehner is forced to say no, it would seem impossible for the Republicans to avoid blame after having passed up yet another effort on the part of the Democrats to compromise – this time by offering the GOP what they say they wanted in the first place.

You can also expect Democrats to be quick to point out that the war savings Reid is offering in his deal also show up as a budget cut in the Ryan budget – making it look all the worse for the GOP who would appear willing to claim war savings as budget cuts in their own budget but refuse to consider them valid when offered as part of a deal in this instance.

Harry Reid may be showing us that there is more to his strategy skills than what has previously met the nation’s eye.

Stay tuned. There is a long way to go.

By: Rick Ungar, The Policy Page, Forbes, July 25, 2011

July 26, 2011 Posted by | Budget, Congress, Conservatives, Corporations, Debt Ceiling, Debt Crisis, Deficits, Democracy, Democrats, Economic Recovery, Economy, Elections, GOP, Government, Government Shut Down, Ideologues, Ideology, Independents, Lawmakers, Politics, President Obama, Public, Republicans, Right Wing, Tax Increases, Tax Loopholes, Taxes, Teaparty, Unemployment Benefits, Voters, War, Wealthy | , , , , , , , , , | Leave a comment

Boehner’s New Proposal Could Produce Greatest Increase In Poverty And Hardship Of Any Law In Modern U.S. History

House Speaker John Boehner’s new budget proposal would require deep cuts in the years immediately ahead in Social Security and Medicare benefits for current retirees, the repeal of health reform’s coverage expansions, or wholesale evisceration of basic assistance programs for vulnerable Americans.

The plan is, thus, tantamount to a form of “class warfare.” If enacted, it could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history.

This may sound hyperbolic, but it is not. The mathematics are inexorable.

The Boehner plan calls for large cuts in discretionary programs of $1.2 trillion over the next ten years, and it then requires additional cuts that are large enough to produce another $1.8 trillion in savings to be enacted by the end of the year as a condition for raising the debt ceiling again at that time.

The Boehner plan contains no tax increases. The entire $1.8 trillion would come from budget cuts.

Because the first round of cuts will hit discretionary programs hard — through austere discretionary caps that Congress will struggle to meet — discretionary cuts will largely or entirely be off the table when it comes to achieving the further $1.8 trillion in budget reductions.

As a result, virtually all of that $1.8 trillion would come from entitlement programs. They would have to be cut more than $1.5 trillion in order to produce sufficient interest savings to achieve $1.8 trillion in total savings.

To secure $1.5 trillion in entitlement savings over the next ten years would require draconian policy changes. Policymakers would essentially have three choices: 1) cut Social Security and Medicare benefits heavily for current retirees, something that all budget plans from both parties (including House Budget Committee Chairman Paul Ryan’s plan) have ruled out; 2) repeal the Affordable Care Act’s coverage expansions while retaining its measures that cut Medicare payments and raise tax revenues, even though Republicans seek to repeal many of those measures as well; or 3) eviscerate the safety net for low-income children, parents, senior citizens, and people with disabilities. There is no other plausible way to get $1.5 trillion in entitlement cuts in the next ten years.

The evidence for this conclusion is abundant.

The “Gang of Six” plan, with its very tough and controversial entitlement cuts, contains total entitlement reductions of $640 to $760 billion over the next ten years not counting Social Security, and $755 billion to $875 billion including Social Security. (That’s before netting out $300 billion in entitlement costs that the plan includes for a permanent fix to the scheduled cuts in Medicare physician payments that Congress regularly cancels; with these costs netted out, the Gang of Six entitlement savings come to $455 to $575 billion.)

The budget deal between President Obama and Speaker Boehner that fell apart last Friday, which included cuts in Social Security cost-of-living adjustments and Medicare benefits as well as an increase in the Medicare eligibility age, contained total entitlement cuts of $650 billion (under the last Obama offer) to $700 billion (under the last Boehner offer).

The Ryan budget that the House passed in April contained no savings in Social Security over the next ten years and $279 billion in Medicare cuts.

To be sure, the House-passed Ryan budget included much larger overall entitlement cuts over the next 10 years. But that was largely because it eviscerated the safety net and repealed health reform’s coverage expansions. The Ryan plan included cuts in Medicaid and health reform of a remarkable $2.2 trillion, from severely slashing Medicaid and killing health reform’s coverage expansions. The Ryan plan also included stunning cuts of $127 billion in the SNAP program (formerly known as food stamps) and $126 billion in Pell Grants and other student financial assistance.

That House Republicans would likely seek to reach the Boehner budget’s $1.8 trillion target in substantial part by cutting programs for the poorest and most vulnerable Americans is given strong credence by the “Cut, Cap, and Balance” bill that the House recently approved. That bill would establish global spending caps and enforce them with across-the-board budget cuts —exempting Medicare and Social Security from the across-the-board cuts while subjecting programs for the poor to the across-the-board axe.

This would turn a quarter century of bipartisan budget legislation on its head; starting with the 1985 Gramm-Rudman-Hollings law, all federal laws of the last 26 years that have set budget targets enforced by across-the-board cuts have exempted the core assistance programs for the poor from those cuts while including Medicare among programs subject to the cuts. This component of the “Cut, Cap, and Balance” bill strongly suggests that, especially in the face of an approaching election, House Republicans looking for entitlement cuts would heavily target means-tested programs for people of lesser means (and less political power).

In short, the Boehner plan would force policymakers to choose among cutting the incomes and health benefits of ordinary retirees, repealing the guts of health reform and leaving an estimated 34 million more Americans uninsured, and savaging the safety net for the poor. It would do so even as it shielded all tax breaks, including the many lucrative tax breaks for the wealthiest and most powerful individuals and corporations.

President Obama has said that, while we must reduce looming deficits, we must take a balanced approach. The Boehner proposal badly fails this test of basic decency. The President should veto the bill if it reaches his desk. Congress should find a fairer, more decent way to avoid a default.

By: Robert Greenstein, President, Center on Budget and Policy Priorities, July 25, 2011

July 25, 2011 Posted by | Affordable Care Act, Budget, Class Warfare, Congress, Conservatives, Debt Ceiling, Debt Crisis, Deficits, Democracy, Democrats, Economic Recovery, Economy, Elections, GOP, Government Shut Down, Governors, Health Care, Ideologues, Ideology, Lawmakers, Medicaid, Medicare, Middle Class, Politics, President Obama, Public, Republicans, Right Wing, Tax Loopholes, Taxes, Teaparty, Uninsured, Voters, Wealthy | , , , , , , , , , , , , , , , , , | Leave a comment