Ryan Budget Plan: Pink Slime Economics “Flavored With Sulfuric Acid”
The big bad event of last week was, of course, the Supreme Court hearing on health reform. In the course of that hearing it became clear that several of the justices, and possibly a majority, are political creatures pure and simple, willing to embrace any argument, no matter how absurd, that serves the interests of Team Republican.
But we should not allow events in the court to completely overshadow another, almost equally disturbing spectacle. For on Thursday Republicans in the House of Representatives passed what was surely the most fraudulent budget in American history.
And when I say fraudulent, I mean just that. The trouble with the budget devised by Paul Ryan, the chairman of the House Budget Committee, isn’t just its almost inconceivably cruel priorities, the way it slashes taxes for corporations and the rich while drastically cutting food and medical aid to the needy. Even aside from all that, the Ryan budget purports to reduce the deficit — but the alleged deficit reduction depends on the completely unsupported assertion that trillions of dollars in revenue can be found by closing tax loopholes.
And we’re talking about a lot of loophole-closing. As Howard Gleckman of the nonpartisan Tax Policy Center points out, to make his numbers work Mr. Ryan would, by 2022, have to close enough loopholes to yield an extra $700 billion in revenue every year. That’s a lot of money, even in an economy as big as ours. So which specific loopholes has Mr. Ryan, who issued a 98-page manifesto on behalf of his budget, said he would close?
None. Not one. He has, however, categorically ruled out any move to close the major loophole that benefits the rich, namely the ultra-low tax rates on income from capital. (That’s the loophole that lets Mitt Romney pay only 14 percent of his income in taxes, a lower tax rate than that faced by many middle-class families.)
So what are we to make of this proposal? Mr. Gleckman calls it a “mystery meat budget,” but he’s being unfair to mystery meat. The truth is that the filler modern food manufacturers add to their products may be disgusting — think pink slime — but it nonetheless has nutritional value. Mr. Ryan’s empty promises don’t. You should think of those promises, instead, as a kind of throwback to the 19th century, when unregulated corporations bulked out their bread with plaster of paris and flavored their beer with sulfuric acid.
Come to think of it, that’s precisely the policy era Mr. Ryan and his colleagues are trying to bring back.
So the Ryan budget is a fraud; Mr. Ryan talks loudly about the evils of debt and deficits, but his plan would actually make the deficit bigger even as it inflicted huge pain in the name of deficit reduction. But is his budget really the most fraudulent in American history? Yes, it is.
To be sure, we’ve had irresponsible and/or deceptive budgets in the past. Ronald Reagan’s budgets relied on voodoo, on the claim that cutting taxes on the rich would somehow lead to an explosion of economic growth. George W. Bush’s budget officials liked to play bait and switch, low-balling the cost of tax cuts by pretending that they were only temporary, then demanding that they be made permanent. But has any major political figure ever premised his entire fiscal platform not just on totally implausible spending projections but on claims that he has a secret plan to raise trillions of dollars in revenue, a plan that he refuses to share with the public?
What’s going on here? The answer, presumably, is that this is what happens when extremists gain complete control of a party’s discourse: all the rules get thrown out the window. Indeed, the hard right’s grip on the G.O.P. is now so strong that the party is sticking with Mr. Ryan even though it’s paying a significant political price for his assault on Medicare.
Now, the House Republican budget isn’t about to become law as long as President Obama is sitting in the White House. But it has been endorsed by Mr. Romney. And even if Mr. Obama is reelected, the fraudulence of this budget has important implications for future political negotiations.
Bear in mind that the Obama administration spent much of 2011 trying to negotiate a so-called Grand Bargain with Republicans, a bipartisan plan for deficit reduction over the long term. Those negotiations ended up breaking down, and a minor journalistic industry has emerged as reporters try to figure out how the breakdown occurred and who was responsible.
But what we learn from the latest Republican budget is that the whole pursuit of a Grand Bargain was a waste of time and political capital. For a lasting budget deal can only work if both parties can be counted on to be both responsible and honest — and House Republicans have just demonstrated, as clearly as anyone could wish, that they are neither.
By: Paul Krugman, Op Ed Columnist, The New York Times, April 1, 2012
“Speculators Wagging The Election Year Dog”: Blame The GOP For $4 Gas
Gas prices continue to rise, which is finally giving Republicans an issue. Mitt Romney is demanding the president open up more domestic drilling; the super PAC behind Rick Santorum just released a new ad in Louisiana blasting the president on gas prices; and the GOP is attacking the White House on the Keystone XL Pipeline.
But the rise in gas prices has almost nothing to do with energy policy. It has everything to do with America’s continuing failure to adequately regulate Wall Street. But don’t hold your breath waiting for Republicans to tell the truth.
As I’ve noted before, oil supplies aren’t being squeezed. Over 80 percent of America’s energy needs are now being satisfied by domestic supplies. In fact, we’re starting to become an energy exporter. Demand for oil isn’t rising in any event. Demand is down in the U.S. compared to last year at this time, and global demand is still moderate given the economic slowdowns in Europe and China.
But Wall Street is betting on higher oil prices in the future — and that betting is causing prices to rise. The Street is laying odds that unrest in Syria will spill over into other countries or that tensions with Iran will affect the Persian Gulf, and that global demand will pick up as American consumers bounce back to life.
These bets are pushing up oil prices because Wall Street firms and other big financial players now dominate oil trading.
Financial speculators historically accounted for about 30 percent of oil contracts, producers and end users for about 70 percent. But today speculators account for 64 percent of all contracts.
Bart Chilton, a commissioner at the Commodity Futures Trading Commission — the federal agency that regulates trading in oil futures, among other commodities — warns that too few financial players control too much of the oil market. This allows them to push oil prices higher and higher — not only on the basis of their expectations about the future but also expectations about how high other speculators will drive the price.
In other words, a relatively few players with very deep pockets are placing huge bets on oil — and you’re paying.
Chilton estimates that drivers of small cars like Honda Civics are paying an extra $7.30 every time they fill up — and that money is going into the pockets of Wall Street speculators. Drivers of larger vehicles like the Ford Explorer are paying speculators $10.41 when they fill up.
Funny, but I don’t hear Republicans rail against Wall Street speculators. Could this have anything to do with the fact that hedge funds and money managers are bankrolling the GOP as never before?
Wall Street isn’t bankrolling Democrats nearly as much this time around because the Street is still smarting from the Dodd-Frank Wall Street reform law pushed by the Democrats, and from the president’s offhand remark in 2010 calling the denizens of the Street “fat cats.”
The Commodity Futures Trading Commission is trying to limit how much speculators can bet in oil futures — a power it was given by Dodd-Frank. It issued a rule in October, but it won’t take effect for another year.
Meanwhile, Wall Street has gone to court to stop the rule. It’s already won a stay.
As rising gas prices start wagging the election-year dog, the president should let America know what’s really causing prices to rise.
By: Robert Reich, From The Robert Reich Blog, Published in Salon, March 15, 2012
Mitt’s “Hunger Games”: The GOP’s “Career Tribute” Seeks His Inner Katniss
Mitt Romney’s outing last weekend to watch The Hunger Games with his grandkids spurred snickering among the political media. In a Tuesday interview, Wolf Blitzer ribbed the governor about whether the violent flick was appropriate for such young children. Wednesday, Morning Joe’s Mika Brzezinski proclaimed Romney a “nerd,” while Scarborough flatly refused to believe the candidate had either seen the flick or read the book (“He did not!”), likening Mitt’s claims to his previously professed love of varmint hunting.
I get where Joe’s coming from, but come on: how could Romney not love the wildly popular tale of teens fighting to the death for the amusement of a blood-thirsty public? That’s basically been his life for the past several months. And at this point, the governor must be wondering whether it’s time to break out his bow and go all Katniss Everdeen on Newt and Rick.
Everyone knows the HG basics, right? In a post-apocalyptic society, a despotic central government forces teen “tributes” from 12 outlying districts to do battle in a sprawling, nightmarish biosphere of sorts. Twenty-four go in. One comes out—but only after the rest are slaughtered either by fellow combatants or by the lethal traps sprinkled about by Gamemakers to keep things interesting: mutated beasts, fireballs, poison vegetation, blizzards … There are no rules, and the carnage is, of course, televised.
You can see why the story naturally brings to mind the primary. Multiple combatants enter. Only one can emerge the victor. Along the way, candidates face hazards that include gaffes (Perry, Bachmann), scandal (Cain), staff upheaval (Bachmann, Gingrich), money shortages (Santorum, Gingrich), congenital blandness (Pawlenty), perceived nuttiness (Bachmann, Paul), and a complete inability to get anyone to notice they are in the game at all (Roemer, McCotter, Karger).
Once the battle proper begins (Cue Iowa!), most players don’t last long. But there are generally one or two scrappers who, no matter how badly wounded, refuse to die. This cycle, Santorum and, even more so, Gingrich have made clear their intent to limp along, inflicting as much damage as possible on what they see as an unworthy tribute.
How exactly to end this spectacle has proved a thorny question not just for Team Romney but also for a Republican leadership that’s grown weary of the public bloodbath.
The recent flood of pro-Romney endorsements by party elders hasn’t worked. Nor has high-minded talk about the need for unity. Various carrots and sticks are presumably being brandished behind the scenes (for instance, at Newt and Mitten’s secret sit-down Saturday), thus far to no avail. Unless you count Gingrich’s announcement Tuesday that he is shifting to a “big-choice convention” strategy. Tell me that doesn’t have trouble written all over it.
Some candidates might be able to pull off an above-the-fray statesman’s repose while their final opponents expire. Romney isn’t one of them. His position is too weak, his support too tenuous. Nobody liked him much to begin with, and all this slap-fighting has made him look even more unctuous and ineffectual. At this point, the Tribute from Massachusetts needs to take a breath, aim well, and—zing—put one through the enemy’s brainpan.
Not literally, of course. (Although, how awesome would it be to see Mittens decked out in leather hunting gear, shimmying up trees with a quiver of arrows strapped to his back?) But a figurative kill is in the party’s best interest as well as Mitt’s. Besting Santorum in Pennsylvania might take care of Rick, but Newt is beyond shaming and will need to be hit where he lives. You know the kind of thinly veiled brutality I’m talking about: nice little consulting business you’ve got there, shame if anything happened to it.
Of course, any Hunger Games fantasies Romney may harbor contain a fatal flaw: no way he’s Katniss. More than any of the combatants this cycle, the governor has “career tribute” written all over him—one of the privileged killing machines that hail from the rich, well-connected districts and train for battle their whole lives. Think Cato from District 2, only with more money and better hair.
Indeed, if anyone had a shot at the Katniss role, it would be Santorum: the scrappy underdog who entered the arena heavily outgunned and wound up charming the audience with his passion, ingenuity, and fierce will to survive. This is precisely the sort of inspirational, irresistible against-all-odds victory from which blockbuster fiction is made.
Republican nominees, not so much.
By: Michelle Cottle, The Daily Beast, March 30. 2012
“Non-Citizen For Life”: The Republican “American Apartheid Dream Scheme”
The Senate GOP seems to be banking on the assumption that Latino voters are stupid, don’t read the fine print — or are not paying any attention at all.
Panicking from a series of polls that show their years of bashing Latinos haven’t been endearing them to Latino voters, prominent Republicans are scrambling for a solution. They seem to have found one, at least for now, in a new attempt by Florida Sen. Marco Rubio to rewrite the DREAM Act, the widely popular bill that the Senate GOP derailed in late 2010.
Rubio has come up with a “non-citizen-for-life” concept as he rejiggers the DREAM Act to make it pretty much dream-free. It’s a tough trick: How do you create the illusion of a law that looks like it’s giving something to Latinos, but which the Tea Party knows means nothing?
The authentic DREAM Act offers a path to citizenship for children who were brought to the country without documentation, who graduate from high school and go on to college or the military, allowing them to create a stable life and give back to the country that they call home. Rubio’s dream-free proposal gives these young people a nebulous legalized status, so that rather than become American citizens, they will have permanent second-class status — allowed to live, work and pay taxes in the only country they have ever known, but never permitted the ability to vote or exercise any of the rights of full citizenship.
The real cruelty of this Republican proposal is that it seeks to take advantage of the desperation of some DREAM Act-eligible youth to avoid deportation. The Republican proposal offers them that in the short term, but at the price of second-class status for the rest of their lives. They deserve better. Of course, it doesn’t have to be this way: Not long ago, before the Tea Party drove the GOP’s agenda, the authentic DREAM Act enjoyed the support of many Republicans in the Senate. The GOP has paid the price for abandoning the authentic DREAM Act and promoting numerous anti-immigrant policies. Senate Republicans are living in a fantasy land if they believe they can win back Latino voters by inventing a new second-class status for these young people.
They should take a lesson from history. I went to South Africa over 30 years ago, where the government created many different levels of citizenship as a means to keep an unjust system going in a modern world. In addition to “Whites,” different categories of “Blacks,” “Coloureds,” and “Asians” for South Asians, South Africa had to create the category of “Honorary Whites” to accommodate the Japanese and Chinese. We should learn from the lessons of apartheid and the dangers of creating different levels of citizenship for different people.
That system, thankfully, has fallen, and it has been rightfully judged an historical disgrace, but if today’s Republican Party has considered history at all, they’re not learning the right lessons. Instead of pushing towards more equality for all people, they’ve perfected a method of legalizing discrimination by inventing new classes of citizenship for those on whom they don’t want to bestow full rights, creating a unique and disturbing American apartheid.
Add these new immigrant ersatz citizens to a growing list. Republicans want gay people to have a form of citizenship that doesn’t include marriage rights — and if they had their way gay Americans wouldn’t be allowed to serve their country in in the military either. Muslims can be citizens, but must fight legal and PR battles just to exercise their First Amendment right to the freedom of religion. People who have served their time in jail for felonies are citizens — but in many states, they aren’t allowed to participate in our democracy by voting. And Republican-controlled state legislatures pass laws that make it harder for young people, the elderly, and low-income people to vote – again, all citizens, legislated out of one of their fundamental constitutional rights.
For a party that claims to be interested in limiting government, today’s GOP is surprisingly eager to create new levels of bureaucracy for the sole purpose of depriving some Americans of their rights. Whatever happened to simple? How about an America with equal rights and equal justice for all and a fair path to citizenship for hard-working people who play by the rules?
With the new dream-free DREAM Act, Republicans are trying to create one of their patented new levels of citizenship while pulling a fast one on Latinos and others who care about the fate of immigrants. The problem is, American voters are smarter than they give us credit for — and we know when they’re trying to fool us.
By: Michael B. Keegan, The Huffington Post, March 29, 2012
“Block The Vote”: The Republican War On Voter Registration
Republican state legislatures aren’t only trying to prevent voting at the polling place, they are also stopping people from becoming registered voters in the first place. These same laws that require voters to present state issued photo identification at the polling both—nominally aimed at preventing voter fraud—also sometimes contain provisions that are placing onerous requirements and stringent limitations on third party voter registration efforts.
The targets are national and statewide organizations that use volunteers or paid staffers to canvass underrepresented communities to register new voters. Often these voters are young, poor or non-white and thus lean Democratic. A study by the Brennan Center for Justice found, “54 million eligible Americans are not registered to vote. More than 25% of the voting-age citizen population is not registered to vote. Among minority groups, this percentage is even higher— more than 30% for African Americans and more than 40% for Hispanics.” Registration drives typically focuse their efforts on these historically disenfranchised populations, as well as elderly and disabled voters who may have trouble reaching a government office to register. Perversely, as the Brennan Center notes, “Instead of praising civic groups who register voters for their contribution to democracy, many states have cracked down on those groups.”
The excuse is that they wish to prevent fraudulent voter registrations from being submitted. But the result, if these rules are enforced, is that far fewer voters are registered.
In Florida, the New York Times reported on Tuesday, the law has been quite successful:
Florida, which is expected to be a vital swing state once again in this year’s presidential election, is enrolling fewer new voters than it did four years ago as prominent civic organizations have suspended registration drives because of what they describe as onerous restrictions imposed last year by Republican state officials.
The state’s new elections law—which requires groups that register voters to turn in completed forms within 48 hours or risk fines, among other things—has led the state’s League of Women Voters to halt its efforts this year. Rock the Vote, a national organization that encourages young people to vote, began an effort last week to register high school students around the nation—but not in Florida, over fears that teachers could face fines. And on college campuses, the once-ubiquitous folding tables piled high with voter registration forms are now a rarer sight.
The election of 2000 demonstrated how just a few hundred votes in Florida could determine who wins the presidency. Florida’s voter registration law is, of course, facing legal challenges. If the law remains in place, though, it could depress turnout by far more than a few hundred votes.
By: Ben Adler, The Nation, March 29, 2012
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