Showing posts with label national debt. Show all posts
Showing posts with label national debt. Show all posts

Friday, March 8, 2013

How Long Will Voters Let Conservative Republicans Put the Rich Before Everyone Else



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How Long Will Voters Let Conservative Republicans Put the Rich Before Everyone Else

We are nearly a week into the dreaded sequester and already there is reason to believe that the spending cuts that were designed to be so draconian and unpalatable that even the Republican party could not stomach them are here to stay.

Despite there being widespread consensus that these cuts will be extremely damaging to the economy and that they may ultimately even increase our debt load rather than lower it, the party that pushed us over this particular fiscal cliff is refusing to budge an inch. The only question that now remains is why, and for how long more, ordinary Americans will let them get away with it.

Balancing the budget and reducing the deficit are noble goals, but when a party who claims to be all about balanced budgets, shifts the entire burden of achieving one onto the poorest and neediest in our society, while doing everything in their power to protect the pocket books of the wealthy, I would be inclined to distrust their motives. All the evidence points to the fact that our most vulnerable citizens are the ones who will be hit the hardest by the sequester cuts (more on that in a moment). Yet the GOP are already making moves to reduce the impact of the cuts on the military, while they look for even more ways to cut welfare spending that will hurt the poor.

On Monday, congressional Republicans put forth a bill ostensibly designed to prevent a government shut down at the end of the month. This is welcome news in so far as I don't think any of us could stomach another round of the kind of school yard bullying that now passes for governance in the house of representatives.

But the Republican bill, which was authored by House Appropriations Committee Chairman Hal Rogers, has come under criticism for incorporating several measures that would ease the pain of the sequester cuts on military spending, while doing nothing whatsoever to counteract the damage the cuts will inflict on domestic programs that our poorest citizens rely on. Meanwhile, both senate minority leader Mitch McConnell and house majority leader John Boehner have made it clear that any talk of revenue increases, even closing tax loopholes that only benefit the super rich, are out of the question.

So it seems that the poor are on track to take the hit for the Republican party's apparent zeal to reign in government spending, at least on programs they don't care for. The Center on Budget and Policy Priorities outlined what this will mean for low income families and children. They estimated that up to 775,000 mothers and children will be turned away from the WIC Nutrition program by the end of the fiscal year; over 100,000 low income families will lose their housing assistance; 3.8 million long term unemployed people will see an 11% reduction in their weekly benefits and over 70,000 poor children will no longer benefit from the vital preschool program known as Head Start. War veterans, children with disabilities and elderly people living alone will also be made to feel the pain.

In addition to the various cuts in services, the Congressional Budget Office estimates that 750,000 jobs will be lost by the end of the year and the GDP will slow down by 0.6%. But, hey, Wall Street had a bumper day on Tuesday, so who really cares about a few hundred thousand job losses or if the poor get poorer?

Actually, we should all be deeply concerned about the long-term implications of the trickle down poverty policies that the Republican party has grown so fond of. It's no secret that inequality has been steadily rising in America for the past few decades, but I don't think most Americans are aware of the full extent of it. Mother Jones has put together a very illuminating video, based on income inequality charts that is worth a look to understand just how big the wealth gap has grown. The top 1% in this country now own 40% of the wealth while the bottom 80% only own 7% between us.

In the past 30 years the wealth of the top 1% has more than tripled, meanwhile 15% of the country are now living in abject poverty, up from 13.8% in 2008 and real median household incomes declined 1.5% in 2011, the second consecutive annual drop.

So the old cliche about the rich getting richer while the poor (and middle class) get poorer is alive and kicking. If anyone fails to see the link between this reality and the policies promoted by the Republican party that protect the rich and punish the poor, then I guess you should just keep voting republican and you will keep getting more of the same.

 Time to start thinking about the 2014 med-term elections. Do voters want an America for and by the people or for wealthy plutocrats who are leaching off the labor of the average American worker.

Conservative James O’Keefe To Pay $100,000 for journalistic malpractice.















Thursday, December 6, 2012

Sleazebag of the Week: Anti-American Commentator Bill O'Reilly Erases Bush's Debt To Launch False Attack On Obama







































Sleazebag of the Week:  Anti-American Commentator Bill O'Reilly Erases Bush's Debt To Launch False Attack On Obama

Bill O'Reilly deleted almost the entire tenure of George W. Bush to falsely allege that President Obama has borrowed more money than all past presidents combined.

During his Fox News program, O'Reilly criticized Obama over the size of the national debt and claimed, "It is hard to believe, but in the last four years, the Obama administration has borrowed more money than every other president combined." Yet O'Reilly then described that time frame as being "from George Washington through the first five months of Bush the younger's administration."

Perhaps O'Reilly chose to exclude the majority of Bush's presidency to avoid acknowledging that the national debt nearly doubled during Bush's two terms. According to the Treasury Department's daily debt calculator, when Bush took office on January 20, 2001, total debt stood at $5.728 trillion. The national debt on January 20, 2009, Bush's last day in office, was $10.627 trillion.

O'Reilly claims Obama "borrowed more money than every other president combined"; if this were true, Obama would have added more than $10.627 trillion to the debt during his tenure. But as of publishing, the Treasury Department calculator states the debt is $16.338 trillion -- which means it increased less than six trillion dollars under Obama.

O'Reilly also aired an exchange with Fox contributor Charles Krauthammer that distorted how federal money is being spent. Krauthammer claimed that the government is spending money, in part, on "giving Sandra Fluke free contraceptives that she can't afford." He added, "The fact that Obama's own HHS is trying to loosen the rules, the work rules for welfare, so we go back to the old system of people living forever on the dole -- that's where they want to spend the money."

Krauthammer's claims are disingenuous. Women's health advocate Sandra Fluke did not ask the government to give women free contraceptives; the Affordable Care Act provision for which she advocated requires private health insurance policies, for which most women already pay a premium, to cover women's preventive health care services. While Krauthammer suggested the administration wants people to "live forever on the dole," most food stamp recipients participate in the SNAP program for less than one year. And Health and Human Services did not loosen welfare work requirements, but instead granted states more flexibility in complying with existing rules.

If Bill O'Reilly was a real patriot he would not have to lie to score cheap political points for his radical UnAmerican side of the political fence.

America hating conservatives Whine About Oscar Omission for '2016: Obama's America' -- Here's Four Simple Reasons Why It Got Snubbed. The movie was made by neo-Nazis. One of whom has since been caught having an affair with another conservative with "values".