This Is Our Moment
Saturday, July 30, 2011
Shorter Beatriz09: "We had to destroy the village (Medicare, Libya) in order to save it."
Obama's healthcare legislatio
About Barack Obama
Read the Article at HuffingtonPost
Shorter Beatriz09: "We had to destroy the village (Medicare, Libya) in order to save it."
Obama's healthcare legislatio
About Barack Obama
Read the Article at HuffingtonPost
The Progressiv
The TeaParty consists of 60 seats.
Before the 2010 midterms, Obama broadcast that he'd be doing more of the same, even if Democrats remained the majority and in control of both Houses of Congress. More caving by Obama and Democrats, to Republican
Aides say that the president's been spending "a lot of time talking about Obama 2.0," brainstorm ing with administra tion officials about the best way to revamp the strategies and goals of the WhiteHouse .
And despite the predictions that Democrats may relinquish a large degree of legislatin g power, including perhaps control of the House and even Senate, Obama isn't thinking of the next two years as a period that'll be marked with the same obstructiv e nature from the GOP.
"It may be that regardless of what happens after this election, [Republicans] feel more responsibl e, either because they didn't do as well as they anticipate d, and so the strategy of just saying no to everything and sitting on the sidelines and throwing bombs didn't work for them," Obama says. "Or they did reasonably well, in which case the American people are going to be looking to them to offer serious proposals and work with me in a serious way."
DickDurbin says Obama's post-election agenda "will have to be limited and focused on the things that are achievable and high priorities for the American people." TomDaschle says Obama has to reach out more: "The keyword is inclusion. He's got to find ways to be inclusive. "
Dylan Ratigan talks with economist Peter Morici, professor at the University of Maryland, Ari Melber from The Nation, Imogen Lloyd Webber, and Krystal Ball, Democratic strategist about how we got here and the way out - part 1 and part 2.
Read the Article at HuffingtonPost
Obama is already invoking the 14th Amendment:
Some Democrats in Congress, including Steny Hoyer, have called for Obama to invoke the 14th Amendment.
What they don't realize is that Obama has already invoked it in effect. Despite his statement that his lawyers told him it wasn't a "winning argument." Obama has already told bond holders that there will be no default on bonds. He plans to use existing revenues to pay off interest on the debt and other vested obligations. This is required by section 4 of the Fourteenth Amendment. Whatever he says in public, his lawyers have almost certainly told him something like that.
But that means less money for other government services, including social safety net programs like Medicare.
So we'll see a partial government shutdown once the government runs out of other options.
This in turn will place enormous pressure on Congress to raise the debt ceiling, which it should have done in the first place.
By requiring a priority rule for payment of bondholders, Section 4 of the 14th Amendment forces the President' s hand, which leads to a partial government shutdown, which leads to a political resolution of the crisis.
What if Congress still won't budge after months of government shutdown? Even then, Obama has to wait until the markets threaten to implode and the validity of the public debt is put into question. Then Section 4 says comes into play again, and, in that extraordinary set of circumstan ces, would require him to act to prevent a meltdown.
But we won't get there. Section 4 already guarantees that. And Obama knows it. No matter what he says in public.
Harry Reid's plan has more than $2.5 TRILLION in cuts that include programs that the poor and middle class rely on.
Raising the debt ceiling has to be untangled from a budget. If it takes Obama utilizing the 14th amendment solution, so be it, because the most BS argument to date has been that "the cuts and the pain must be shared by all".
It presumes that the poor and the middle classes haven't born the brunt of what Republican
It presumes that the pain of losing a few million dollars when you have hundreds of millions, even billions, is equivalent to the pain of not knowing where your next meal is coming from, or losing the roof over your head and sleeping in your car or on the street. It presumes that the rich have sacrificed anything at all, when, in fact, they're making money hand-over-
What's happened to the American people was the greatest heist in the history of the world (2007, the economic meltdown) ON TOP OF a longer term and steady rip-off of Americans' self-inves
Where are the investigat
There really is no going forward until we look back.
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This really couldn't get any simpler:
Politician
Back when Obama extended Bush's tax cuts as he'd pledged, I wrote that the 'Rule of Thumb' about when tax cuts make sense is, "When a nation's bills are paid". When the nation is in surplus. You don't go on vacation when you haven't paid the rent. You don't buy a Rolls Royce when you're living in your parents' garage. You don't buy Godiva chocolates when there's no food in the fridge or the cupboards to feed your kids.
When a tax cut requires a nation to borrow more money, adding to the deficit, increasing the national debt, that's robbing the People to give to the rich. Average Americans, our children, grandchild
Ten years ago, Bush's tax cuts were sold to us as "job creators" - "They'd stimulate the economy". They didn't then and they haven't since they became Obama's tax cuts last December. The money for Bush's tax cuts had to be borrowed. The money is all gone. We're now stuck with cleaning up the party that the rich had (investing overseas, in other nations, outsourcin
Working Americans are tired of paying for the parties of the rich. But it's even worse: We're not only paying for their parties, we're taking out loans so that they can stuff their mattresses
First, Obama needs to raise the debt ceiling irrespecti
Read the Article at HuffingtonPost
Actual history (not theory or HP blather) indicate that higher taxes result in the economy shrinking.
The People's Budget saves the most (read it here).
Why aren't Obama, Reid, Pelosi and Democrats talking about the Progressiv
As Krugman has said, the Progressiv
If Republican
Read the Article at HuffingtonPost
Raise the debt ceiling, like every president has bitten the bullet and done. Raise taxes and take your medicine. You cared, innocently==========, about helping others. No shame in that. But simultaneo usly, you got married to a couple of idiots who blew all your money and left the whole family with nothing to show for it. Saddam's dead? Osama's dead? Is that gonna help you get a job? Pay your rent? Buy your kid some sneakers for school this fall? Wake up. We gotta suck it up. Pay this bill. And have a loooooong talk about how we never get here again, while still maintainin g our identity as a great country made up of great, caring people.
With the Progressiv
Read the Article at HuffingtonPost
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