Congress

Chained CPI is a Cut. You Either Care About People or You Don't.

And when one make excuses for chained CPI without doing any research because they'll blindly follow whatever a politician proposes regardless of the consequences, that is a choice of action taken. Action that actually shows how one does not care about people. It can be witnessed. It can be read and it can be judged, so I will be doing so now.

Pointing this out harshly will not hurt seniors like the action of cutting their SS income while their cost of living of has risen roughly 0.27 percentage points faster per year than the CPI-W which is what is used now for their COLA. When one is defending this action orally or in writing because of their perceived party loyalty, though it's not really party loyalty because this isn't what FDR envisioned whom defined the modern Democratic party, that shows disdain for the most vulnerable in our society and that is a fact.

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Obama and Boehner’s Grand Betrayal: Gullible Democrats Buy Into Good Cop, Bad Cop Theatre

Yes, we know what is driving the latest performance behind this fiscal sham.

It's basically good cop, bad cop; or bad cop, worse cop theatre to get you to sign off on this grand betrayal as UKMC economist William K. Black aptly calls it.

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No, This Fiscal Scam Won't Be Different Than 2011. Stop Deluding Yourselves

Of course that can be easy to do with corporate media hacks parading around as "journalists" basically working to preserve the corrupt machine they feed off of. They're feeding people revisionist nonsense about the so called fiscal cliff; nonsense like how because of the President was reelected he has more leverage this time. As if Democrats ever use leverage after they win elections like how they kept funding the Iraq war in 2006 after their opposition to the war gave them those mid term victories. Nancy Pelosi also took impeachment of the war criminal GWB off the table so future war crimes could be committed.

And then in 2008 after winning an unprecedented majority in both Houses of Congress, higher than at anytime leading up to that point on the GOP's end, we were told we didn't have a mandate for progressive polices despite the fact that the right's neoconservative Laissez-faire ideology had been fully discredited.

The Mandate Manipulation Machine Enters Stage Right

As I predicted a while back, the Partisan-Industrial Complex in Washington, D.C. has deployed its quadrennial Mandate Manipulation Machine to make sure that the 65 million Americans who voted for Barack Obama remember that America giving more than 340 electoral votes to an African American billed as a Islamic Marxist terrorist means there is no mandate for real change in this, a country obviously more conservative than ever.
 

A cursory glance at the newspapers today shows the media teeming with stories quoting incoming Obama administration officials, Democratic Party leaders and spokespeople for corporate front groups insisting that actually, no real change can be made, and what small-bore changes can happen, will have to happen in the very distant future, not soon. My favorite was the one-two punch from Senate Majority Leader Harry Reid (D-NV) and Democratic National Committee chair Howard Dean. Upon hearing of his bigger senate majority, Reid said on Tuesday, "This is not a mandate for a political party or an ideology.

And of course we now know that was Democrats' way of telling us they would waste the crisis that elected them, keep TBTF, not prosecute anyone who caused the crash, dump the EFCA, enact Dolecare instead of a public option or Medicare Buy In, and go half ass on all qualitative legislation. This is what actually led up to the mid term losses in 2010. And keep in mind this 2012 election victory doesn't even compare to the victory in 2008.

And yet they tell us we will see a new reinvigorated President and Congress. They tell us they are confident this time. They tell us that this time Democrats know they have a mandate for progress so things will be different than when the debt ceiling debacle made fools of them all. No, this is actually what the White House is telling us; the same thing as after the 2008 election victory now in 2012.

Axelrod: Talk of mandate 'foolish, generally untrue'

Obama senior campaign adviser David Axelrod downplayed talk of an election mandate on the "fiscal cliff" on Thursday.
 

Axelrod said presidents always talk after an election about a mandate, but he called such talk "foolish." President Obama and congressional Republicans are bracing for talks on tax hikes and spending cuts that are now set to be implemented in January.
 

“Everyone’s going to have to come to the table in the spirit of getting things done, but on this issue of particularly the fiscal cliff — presidents always say, ‘I have a mandate'; that's a foolish word and generally untrue,” Axelrod told MSNBC’s "Morning Joe" on Thursday.

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WH Advisor David Plouffe and Goldman Sachs CEO Agree That Medicare and Medicaid Must be Cut

Cross posted in Orange

Yes, it's true. If the White House would like to disavow David Plouffe's words now is the time. Time is running short but it's pretty obvious that he speaks for the White House given that David Plouffe is the President's closest confidante. If you have the stomach to sit through this forum it's right there for you to see, but I'll post the relevant portion that matches up with Lloyd Blankfein's mentality that the 99% need to sacrifice Medicare and retire later for the fantasy deficit crisis he, the White House, and Congress are peddling to the American people.

The President's closest adviser is telling his base that additional cuts to pay down the deficit(not the 716 billion to Advantage, fraud, or providers from the 2010 CBO baseline on the effects of the ACA) in Medicare and Medicaid are coming and to be ready for them.

Senior White House advisor David Plouffe warns Republicans and Democrats alike must take political hits in order for deal to be had

"The only way that gets done is for Republicans again to step back and get mercilessly criticized by Grover Norquist and the Right, and it means that Democrats are going to have to do some tough things on spending and entitlements that means that they'll criticized on by their left," Plouffe said at his alma mater in conversation with former McCain campaign manager Steve Schmidt.
 

[.........]
 

Plouffe added that while the White House wants to engage in comprehensive tax reform, they know they must also "carefully" address the "chief drivers of our deficit": Medicare and Medicaid.

Lloyd "Sell them shitty deals with the blessing of the US DOJ" Blankfein whole heartedly agrees with Plouffe. He's also visiting the White House today. I have a feeling whatever good feelings labor and progressive groups had yesterday were perhaps misguided given the statement we just heard from David Pouffe. That and of course basically the priority of making capital whole on the backs of labor as 93% of the "recovery" goes into Lloyd Blankfein's pocket since 2010.

Goldman Sachs CEO: Entitlements must be contained

BLANKFEIN: You're going to have to undoubtedly do something to lower people's expectations -- the entitlements and what people think that they're going to get, because it's not going to -- they're not going to get it.
 

PELLEY: Social Security, Medicare, Medicaid?
 

BLANKFEIN: You can look at history of these things, and Social Security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. ... So there will be things that, you know, the retirement age has to be changed, maybe some of the benefits have to be affected, maybe some of the inflation adjustments have to be revised. But in general, entitlements have to be slowed down and contained.

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Time to Get Fricking Real

Shit.  Pardon the swear word but then again what is a swear word anyway but another fucking human thing.

Like war.  A fucking human thing. 

I say that because of what I see today.  It’s a resigned use of the word shit.  Like when you get diagnosed for cancer.  Shit.  Or when you realize your car is going to crash head on with a tractor trailer on a snowy road.  Shit.

I was just reading an article on the incredibly shrinking Daily Kos website by Representative Barbara Lee, titled, “Time to End the War in Afghanistan”.

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An Issue Ignored: I'm Asking For Your Vote to Help Get $ Out of Politics

Like other issues, the issue of money in politics is what will speak to what is or is not done in the next Congress more than the Presidential election of 2012. Unfortunately we didn't hear about that in any of the debates thus far and it is the most important issue, because it spans to all issues and speaks to what hope legislation has of affecting the lives of real people.

Because of the daunting nature of this problem given how little money in relation to corporations real people have, it can feel rather hopeless. However, there are times when the creativity of certain individuals can make a difference as it has in the past.(PDF) That is where I am trying to make a difference using whatever talents I have because I have no money and very little voice or say in our real political process which is real pernicious hence the issue at hand.

The good people at GOOD Maker have set up a design contest to call attention to this dire and most important issue.

art > MONEY: Design to Define a Movement

You can vote for my piece here featured below, and if you like all my contributions in both writing and artwork over the years I ask that you please do because the competition is fierce and there are a lot of good pieces. You can vote using facebook which is probably the easiest way(don't worry, I won't know anything about your personal info and neither will anyone else) but if you don't want to use facebook to vote, you can sign up to Good Maker which is probably a good idea because this organization uses creativity as an outlet for good things which made me want to get involved in this contest to hopefully do some good.

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The President Agreed With Mitt Romney on Social Security in the Debate

Cross posted in Orange and The Stars Hollow Gazette

And it's not just people like me that support the Democratic Party Platform over any politician that noticed this. It was one of the President's biggest most enthusiastic supporters; Ed Schultz of the Ed Show on MSNBC.

Let's look at the transcript:

LEHRER: All right? All right. This is segment three, the economy. Entitlements. First -- first answer goes to you, two minutes, Mr. President. Do you see a major difference between the two of you on Social Security?

OBAMA: You know, I suspect that, on Social Security, we've got a somewhat similar position. Social Security is structurally sound. It's going to have to be tweaked the way it was by Ronald Reagan and Speaker -- Democratic Speaker Tip O'Neill. But it is -- the basic structure is sound.

And yes, I know the President offered a touching anecdotal of what SS has meant for his family and I respect that; however I'm going to borrow a line from someone whom I won't speak for, but it's a good line anyway so I'll tweak it for my POV on this. Mr. President, don't tell me what you believe about Social Security, you have shown what you plan to do with Social Security by agreeing to another Greenspan commission like "tweak." So I'll tell you what you really believe and why that is a problem.

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Can You Accept Simpson Bowles-Sh!t and Still Call Yourself a Democrat?

Cross posted in Orange and the Stars Hollows Gazette.

No, unless you somehow think RW DLC and third way Democrats forever have the right to dictate their failed policies and complicity in the Great Divergence. No. Real Democrats, if any exist anymore, don’t believe in austerity or the coming GRAND SELLOUT in Congress after the President likely wins reelection. We warned it was coming as soon as the Bush Tax Cut Sellout was passed by Democrats. It was easy to see, but none are as blind as those that refused to see. You know who you are.

It would be different of course if partisans didn’t let Democrats enable Republican lies and ignorance about deficits and national accounting, but they do as Bill Clinton did in his speech at the DNC sticking the part about Simpson Bowles at the end. Deficits are only dangerous political tools as long as Democratic voters are complicit in accepting the whole stupid debate about who rung up the debt. He was probably hoping you wouldn’t pay attention to that part, but maybe not. After all, he once told us how he really felt.

Former President Bill Clinton has quite the skewed view on interest rates (Interest rates went up as he was balancing the budget, not down) regarding deficits and his disastrous surpluses he brags about. As the great Stephanie Kelton, Associate Professor of Economics at the University of Missouri-Kansas City took note of, even mainstream "progressive" journalists are now admitting reality so why must we indulge these deficit fantasies or sit through another convention full of them?

We’re Not Broke and the Clinton Surpluses Destroyed the US Economy

Two of our nation’s most influential progressive journalists — Slate’s Matt Yglesias and Business Insider’s Joe Weisenthal — just took on two powerful economic myths.

1. The Myth that The US Government is Out of Money

2. The Myth that A Government Surplus is a Sign of Fiscal Responsibility

It’s hard to imagine a more empowering message. As word spreads, elected officials in both parties will lose their primary excuse for inaction on on a whole range of neglected and underfunded programs. “I’d love to help, but I’m all tapped out,” simply won’t sell.

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When the Next Crash Comes Remember Which Side You Were On and Learn

Cross posted in Orange and The Stars Hollow Gazette

Yes, another crash is coming. I can't predict precisely when as that would be a fool's errand, but much closer than you think. It will probably be after our President is reelected and will care very little what you or I think once he and his treasury push for criminal TBTF banks to bailed out once again. Doctor Doom: the nickname for economist Nouriel Roubini: one of the relatively few outside the mainstream(part of the Got It Right (pdf) project) who predicted the last crash thinks 2013 is a perfect storm for another one which will be even worse and it makes sense.

Despite on theoretical fiscal policy limits with regard to the US, Roubini is absolutely right on the political deadlock with the coming crisis. We wasted our last crisis and that's something Conservatives have not done whether we're talking about the stagflation crisis of the 70s or 9/11. There won't be as many political options this time to prop up the underlying economy in 2013 because Democrats have failed to change the Senate rules because most of them secretly like the way things work or don't work in Washington. Sadly, if Republicans take over both houses again, they will change the Senate rules as they threatening to do in 2005 and 2006.

Anyway some might still want to scoff at Roubini's prediction, but that will come back to bite them in the ass. Not even Roubini can predict the exact moment it will happen, but if one knows anything about the history of financial crashes, since the 80s when the 1933 banking reforms passed by FDR started slowly being dismantled, they started happening once again in a 5-7 year time-frame(and even closer than that if you count global stock crashes which count now more than ever since our markets turned dark with OTC derivatives and Information Asymmetry all around); some worse than others as the 2008 bust was on par with 1929 but you get the idea.

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