Tuesday, January 31, 2012

Hooray!!!!! The Federal Deficit Will ONLY Be $1,100,000,000,000 At The End Of This Fiscal Year!

Below is a very biased article but I am going to attempt to provide analysis that wades through the spin.

My attendance of the "Concorde Coalition's 'Fiscal Wakeup Tour' almost 5 years ago has reset my perspective.  Long before any candidates for 2008 stepped up to the plate they told the audience the "job #1" for the next President will be to honestly level set with the American people.  They argued that for America to delay the "day of reckoning" of its fiscal collapse Americans are going to have to:

  1. Expect LESS from Government
  2. Pay MORE in taxes until this crisis is abated. 

I personally believe that more taxes are required to abate the situation that is growing BUT history shows that if spending cuts are not cemented beforehand - the increased flow of tax money in will be used to feed the furnace with the insatiable appetite.  People argue that these two points are not mutually exclusive.  The fraudulent accounting of the federal government where a "spending cut" is not real - mandates that legitimate cuts be made as a necessary first step.

Further the notion of ORGANIC GDP GROWTH as a means of revenue increase (See Bill Clinton's term) must be focused upon.  No longer can we accept promises of "spending as investments" without employing some intermediate checks (earnest money) along the way. No individual or corporation would keep pumping "investment dollars" into a portfolio that is not providing sufficient returns that they inspect in the spirit of defending their own interests.  When it comes to government money - "Federal Treasury Raiders" from the right and the left always throw in some diversionary theories to compel us to take our eye off of the bottom line (example: "Social Justice" or "National Defense").

The Associated Press Article

The Associated Press tries hard to tie the "Bush Era Tax Cuts" as the main culprit. In doing so they can't bring themselves to explain the (estimated) $850 billion in shortfall once we take away the 'Bush Tax Cuts" as a source of "revenue loss".

This all comes down to one's view on spending and taxes.

  • Tax Cuts create deficits because the government does not have the revenues necessary to prevent deficit
  • Spending over and above the tax revenue digest, without curtailing the demanded "standard of living" per the concepts of "social justice" creates deficits

It is clear that the AP favors the first bullet point as they said little about how the failure to control spending, adjusting the expectations of Americans downward, in line with the actual revenues.  This coupled with a firm belief in PRIVATE PROPERTY RIGHTS that would make a 90% marginal tax rate on ANYONE a confiscatory violation of democratic and constitutional standards.

The previous research of the so-called "Bush Era Tax Cut" "cost" the federal government a total of $1.8 trillion over 10 years.  This is about $180 billion per year.  Let's round this up to $200 billion per year going forward.

If this is the impact of these "Tax Cuts For The Rich" why then did the Associated Press refer to them as the primary accelerator of the national debt but not the unmentioned $900 billion that remains on the table?

The longer we continue the course of "spending beyond our means" and "taxes that don't match the crisis" -the more assured that we will have a fatal failure in the future will be made so.

Associated Press story
WASHINGTON — A new budget report released Tuesday predicts the government will run a $1.1 trillion deficit in the fiscal year that ends in September, a slight dip from last year.
The Congressional Budget Office report also says that annual deficits will remain in the $1 trillion range for the next several years if Bush-era tax cuts slated to expire in December are extended, as commonly assumed.The report is yet another reminder of the perilous fiscal situation the government is in, but it's commonly assumed that President Barack Obama and lawmakers in Congress that little will be accomplished on the deficit issue during an election year.
The first wave of statements from lawmakers had a familiar ring as each party cast blame on the other.
"Four straight years of trillion-dollar deficits, no credible plan to lift the crushing burden of debt," said House Budget Committee Chairman Paul Ryan, R-Wis., "The president and his party's leaders have fallen short in their duty to tackle our generation's most pressing fiscal and economic challenges."
"We will not solve this problem unless both sides, Democrats and Republicans, are willing to move off their fixed positions and find common ground," said Senate Budget Committee Chairman Kent Conrad, D-N.D. "Republicans must be willing to put revenue on the table."

The CBO study also predicts modest economic growth of 2 percent this year and forecasts that the unemployment rate will remain above 8 percent this year and next. That is based on an assumption that President Barack Obama will fail to win renewal of payroll tax cuts and jobless benefits by the end of next month. 
That jobless rate is higher than the rates that contributed to losses by Presidents Jimmy Carter(7.5 percent) and George H.W. Bush (7.4 percent). The study predicts unemployment to remain above roughly 5 percent — until 2016. The agency also predicts that unemployment will remain at 7 percent or above through 2015 
The new figures also show that last summer's budget and debt pact has barely made a dent in the government's fiscal woes. 
The pact imposed $2.1 trillion in spending cuts over 10 years, but lawmakers are already talking about easing across-the-board spending cuts required under the agreement. The latest estimates predict $11 trillion in accumulated deficits over the 2013-2022 time frame if the Bush-era cuts in taxes on income, investments, large estates and on families with children are renewed. Obama has proposed largely extending them, but allowing them to expire for upper-income taxpayers.
Last year, Obama and House Speaker John Boehner, R-Ohio, tried but failed to reach a "grand bargain" on the deficit, an effort that got hung up over taxes and cuts to major benefit programs like Medicare. A subsequent attempt by a congressional "supercommittee" to find smaller saving sputtered over the same issues.
What's left is a heap of unfinished business that comes to a head at the end of the year: expiring tax cuts and painful across-the-board cuts to the Pentagon and many domestic programs. To top it off, another politically toxic increase in the debt limit will be needed at some point shortly after the November elections.
The deficit would require the government to borrow 30 cents of every dollar it spends. Put another way, the deficit will reach 7 percent of the size of the economy, a slight dip from last year's 8.7 percent of gross domestic product.
The CBO report shows that the deficit dilemma would largely be solved if the tax cuts enacted in 2001 and 2003 — and renewed in 2010 through the end of this year — were allowed to lapse. Under that scenario, the deficit would drop to $585 billion in 2013 and to $220 billion in 2017.
But expiration of those tax cuts would slam the economy, CBO said, bringing growth down to a paltry 1.1 percent next year.ar but still very high by any measure.

Monday, January 30, 2012

The Dangling Participle That The "Pragmatic ObamaBOT Will Never Rebut The President With"

From "Jack And Jill Politics" - as they "look forward into the future with Obama" but can't bring themselves to see that in various "Mission Accomplished Zones" around the nation - some Progressive in the past promised to do the very same thing for their benefit.  From these promises they compelled the investments that swept them into power and grew the Progressive base in various offices as a result of the refraction of attention among the rank & file from the development of ORGANIC COMPETENCIES within their domain of control to the struggle ahead of them:

In one speech you can hear me:
  • Blame the predecessor for handing out federal bailout money to corporate interests
  • Me take credit for saving corporations with bailouts
  • Me taking credit for saving America from a Great Depression II
  • Me promising to never to raid the treasury again for the benefit of corporate fat cats
  • Me saying that the transition to "Green Energy" requires smart investments from the federal treasury to "Win The Future"
  • Me promising to bailout "the least of these" as they qualify for "Social Justice Transfer Payments"

ME is not President Obama
ME is his base of loyal supporters.

Friday, January 27, 2012

The Last Time An American Imperialist Commander In Chief Visited The King Center

January 15, 2004 Should Have Set The Tone For What An American President Should Expect When He Comes To The "King Compound" In Light Of His Wanton Use Of American Military Power Against What Believe To Be The Answer To "W.W.K.D.?"  (What Would King Do?)

“If Dr. King was here today, he’d be protesting too,” said Petite Hammonds, a protester from Atlanta.

Kathy Nicholas had planned to pay quiet tribute Thursday at the tomb of the Rev. Martin Luther King Jr. So had President Bush. The combination was anything but quiet.
Nicholas was among about 700 people who booed, chanted and beat drums near the typically placid grave site, angry that Bush was there on what would have been the slain civil rights leader’s 75th birthday.
“When I heard Bush was coming here I couldn’t believe it. I was outraged and disgusted, and I just think it’s a photo op. It’s so transparent,” said Nicholas, a flight attendant who brought a sign that read: “Mr. Bush, May Dr. King’s spirit rise up n welcome you, touch you n speak to you.”
The protesters pushed past Secret Service barricades. They pounded on the sides of three city buses parked on the street in front of King’s tomb to block them from the president’s motorcade.

Although King Center officials did not invite Bush to join their planned celebration, Mrs. King met briefly with the president.
Shortly before Bush's arrival, a line of city buses parked in front of the center, preventing Bush and the protesters from seeing each other, although the demonstrators' jeers and slogans were not muted.
Their signs indicated the protesters were drawn from a wide coalition. "War is not the Answer," "Promote Peace, Not Halliburton," "HUD Sponsors Racism," "Impeach the Liar" and "No Blood for Oil" were just a few of them.

Outside, the protesters chanted "Bush Go Home" and "Peace Not War." They carried signs protesting the war and calling for "Money For Jobs And Housing, Not War."
Before Bush's arrival for the 15-minute stop, some of the protesters had broken through barriers around the King Center, leading to two arrests, the Atlanta police said, and prompting the authorities to place the buses between the demonstrators and the president.
The White House had arranged for Bush to stop at King's resting place on a day when the president was scheduled to be in Atlanta for a fund-raising event. Sheriee Bowman, a spokeswoman for the Southern Christian Leadership Conference, said that the group respected the president's right to pay tribute to King. But she suggested that the civil rights organization saw Bush's presence as politically motivated.
"We question the integrity of the timing of the move because last year at this time he took a stand against affirmative action, the Michigan case, which is part of Dr. King's legacy," she said, referring to the Supreme Court case that considered the use of race in college admissions.

President Bush's visit on Thursday to observe what would have been the Rev. Martin Luther King Jr.'s 75th birthday isn't sitting well with area tribute organizers.
They say Bush invited himself to their party and will potentially force the cancellation of some events due to security concerns. What's more, they say, Bush will profit from a fund-raiser he will piggyback with his visit to Atlanta.
About 3:45 p.m., the president will lay a wreath at the late civil rights leader's crypt at the Martin Luther King Jr. National Historic Site. The president announced his visit on Friday.
But the MLK March Committee, a group of area civil rights activists who worked with King, say they have worked for months on a program to honor the civil rights leader at Ebenezer Baptist Church, across the street.
"They told us that the Secret Service wanted us out of there by 2 p.m.," said the Rev. James Orange. "We are not leaving the church." The Ebenezer program from 9 a.m. until 4 p.m. focuses on human rights.
A White House spokesman said the president's visit has been well-communicated with the King Center.


Thursday, January 26, 2012

Get Your (Social) Justice Coin Today!!! $19.95

You probably do not have the Flash Player (Get Adobe Flash Player Here) installed for your browser or the video files are misplaced on your server!
Get Your (Social) JUSTICE COIN Today!!!!  Only $19.95!!!!!!

Your "Obama Limited Edition Plate" needs something to accentuate it above your fireplace and right below your new LED 60" television.

Rep Elijah Cummings: "Obama's Made 508 Promies But Fixing The Black Community Ain't One"

..................That's The Problem Of The Foolish Negroes Who Assumed That He Would.

Congressman Defends Obama: He ‘Made 508 Promises And Acted On All But Three’

Still glowing (obviously) from the report that fewer Black people in his home city of Baltimore have been murdered in 2011 than the year prior BUT understanding that he will never be asked why "Baltimore COUNTY" has so much fewer murders by comparison - US Representative Elijah Cummings has no fear in living vicariously through Obama's Blackberry.

If you read his "3rd Person" account of Obama's promises and successes carefully you will understand that he can't bring himself to speak from the perspective of Black Americans and the present struggle that many of us face.  

The reason why Rep Cummings is in power in Baltimore and a person who thinks as I do is not is because he wisely understands that the people on "The Corner" want to escape from their circumstances and thus, living vicariously through Obama and the entire Democratic Machine as they do battle on the field with the opposition plays like a real life soap opera that provides the necessary escapism.

Why didn't Rep Cummings detail what THE BLACK COMMUNITY has as REQUIREMENTS that compelled them to make a 95% investment in Obama AND a 100% fortification of Democrats through every vein of representation that extends from the heart of the community, through the city, county, state and federal government?    Why doesn't he translate the relative success of this force in addressing the problems?


Wednesday, January 25, 2012

Obama Needs To Talk To His Advisers And Local Party Mates About His Goals

President Obama detailed his vision of America that included:

  • Educate Our Children
  • An Economy Where New High Tech Manufacturers Create Jobs
  • Energy Not Dependent On Hostile Parts Of The World

If we move out of the House chambers and consider how the policies that Progressives champion it is clear that Obama needs to regulate his people rather than cheerlead.

Who more than those in his caucus educate public school children?     It is important that no one be lulled into standing at our present point and only look forward.   This same "vision" of a better education for American children has been given in every decade.   It is more disarming than it is definitive.

Ironically the same disarmament is the spirit that allows the local adults who play the main role in the education of the children in their community off of the hook.  Instead of understanding what they NEED TO DO they are told that this is a POLITICAL STRUGGLE and that there is someone who stands in their way.

High tech jobs are laudable.  Yet the punitive rhetoric and indictments are counter to them being attracted to this county or for those who are here to retain their manufacturing operations in the country.   Boeing attempted to establish a second plant for their 787 Dreamliner production in the "right to work state" of South Carolina.  The Obama Administration showed that their dream of "high tech jobs" has an amount of stings attached that can strangle such growth.   Not until the labor unions from Boeing told the NLRB to let go of Boeing's neck did they agree to drop their regulatory action against Boeing.  

The Solyndra Solar scandal shows that "high tech green jobs" can also be a gateway for crony capitalism.

I watched a few weeks ago as the tensions with Iran were ratcheted up as Iran made threats in the Persian Gulf.   At that time various Obama syncophants were heard warning about dependency on foreign oil.  
Fast forward a few weeks and the ruling of the Keystone Pipeline we saw them cheering.    Oh yeah - Canada is indeed a "foreign nation" but it is not a hostile one.  The stores in Canada are full of American products, as if you were standing in an America city - but for some areas that have French labels next to the English.   Those who operate as if they were "Domestic Oil Production Planners In Nigeria" believe that their dream of a "green energy future" can be found by choking of domestic PRODUCTION of carbon fuels, their bigotry unable to show them that as the DEMAND remains high and the production is choked off the HIGH PRICES that "the least of these" will suffer is the racketeering and "ideological price gouging" that needs to be regulated by Obama.      Their ability to transfer their flawed theories upon some other force is how these theories are allowed to metastasize.

Sunday, January 22, 2012

Occupy Protesters Greet Obama At Harlem's Apollo Theater - You All Had Better Watch It

In traditional Democratic stronghold Harlem, barrage of protesters greets Obama
(h/t Redding News Review)

This is the one time when the Occupation was ..................99% WHITE because the Brothers know what's up if they joined in.

Monday, January 9, 2012

Obama Administration Plans To Close 259 US Dept Of Agriculture Offices - "Safety Concerns" Muted By The "Pragmatics"

Closing of 259 USDA offices raises safety concerns

Back in the day - Before Obama - the news that a cost savings initiative that included office closures would be - let me get this right "Putting public health and safety at risk to save a buck".

It is great that the masses have more confidence in the President that he would not introduce undue danger to the food supply and the community of farmers.

Things have indeed "changed".