Tag: TMC Politics

Cross posted from The Stars Hollow Gazette

A group of CEO’s from major US corporations have been lobbying Capitol Hill to put cuts to the social safety net at the forefront of negotiations to “fix the debt’ at the same time asking for more tax breaks while they reap the benefits of billions in government contracts and hand themselves lucrative pay raises and pensions while they bankrupt companies and underfund their employee pension funds.

From the Huffington Post

A group of high-profile corporate CEOs are lobbying Capitol Hill this week to put Social Security and Medicare cuts at the forefront of deficit reduction negotiations. Their own retirement funds, however, are secure: The coalition includes 54 CEOs who have amassed combined pension assets of more than $649 million from their companies’ executive retirement plans, according to a new report from the Institute for Policy Studies, titled “A Pension Deficit Disorder: The Massive CEO Retirement Funds and Underfunded Worker Pensions at Firms Pushing Social Security Cuts.”

The CEOs’ employees are much less secure in their retirement than the CEOs. According to the report, less than 60 percent of the 71 public companies offer pension plans for their employees. Of the 41 companies that do, 39 of them haven’t contributed enough to their workers’ pension funds to enable the plans to pay out their anticipated obligations. Among the companies with employee pension funds in the red, these deficits exceed $100 billion.

The CEOs are among 71 chief executives of publicly traded companies who belong to the Fiscal Leadership Council of the influential Campaign to Fix the Debt, a group which has raised more than $60 million to lobby for a debt deal driven by cuts to “entitlements.” The coalition will meet Wednesday morning with congressional leaders, according to sources familiar with the group’s lobbying activities. The group, funded in part by former private equity magnate Peter G. Peterson’s foundation, has pledged to push for austerity during the lame duck congressional session, and beyond. Peterson has spent nearly half a billion dollars in recent years pushing his austerity agenda.

As the debate heats up over whether to cut Medicare, Social Security or Medicaid in order to maintain federal spending and corporate tax breaks, companies with well-compensated CEOs who preside over underfunded employee pension funds invite a new round of questions about the motives, and methods, of the CEOs pressuring Congress and the White House to cut programs for the middle class.

As the White House begins a series of meetings today on the looming “fiscal cliff,” a coalition of the largest corporate firms and advocacy groups is lobbying for wide-ranging cuts in government spending, including to programs like Medicare and Social Security. The group, which includes 80 of the country’s most powerful CEOs, is called the Campaign to Fix the Debt. It was co-founded by former Clinton White House Chief of Staff Erskine Bowles and former Republican Sen. Alan Simpson, previously the co-chairs of President Obama’s bipartisan National Commission on Fiscal Responsibility and Reform. Critics have accused the group of using the budget crisis to push for corporate tax cuts. We are joined by Sarah Anderson, director of the Global Economy Project at the Institute for Policy Studies and co-author of the new report, “The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks.“

The middle class, elderly, students and the poor have paid more than their “fare share” in this economic downturn while Wall St. and these megacorporations have continued to rake in billions. Social security, medicare and medicaid should be removed from any talks about the “fiscal cliff” myth. Lambert Strether at Corrente enumerated it best.

   Not one penny of cuts to Social Security, Medicare, Medicaid, or any other social insurance program, and any savings to be paid out as benefits.

The Democrats are defending programs. But they should be defending households. Here are some of the social insurance programs that are on the table, even if Social Security, Medicare, and Medcaid turn out to be off the table:

   Unemployment benefits extension in 2013 ($40 billion): If long-term unemployment benefits are allowed to expire at the end of the year, some 2 million jobless will be affected. Kogan says “there will be some extension, because that’s just brutal. It’s just a question of how much.”

   Pell Grants ($36 billion) (pdf): These need-based grants help some 10 million low-income students afford college.

   Section 8 Housing Assistance ($19 billion): Section 8 vouchers allow more than 2 million super low-income families to afford decent housing in the private market.

   Job Training ($18 billion in 2009): Loads of federal job training programs help millions of seniors, Native Americans, farm workers, veterans, young people, and displaced or laid-off workers with career development.

   Head Start ($7.9 billion):  The program, which helps kids from disadvantaged homes be better prepared to start school, had about a million enrollees in 2010. Research has shown that Head Start generates real long-term benefits for participants.

   Low-Income Home Energy Assistance Program ($3.47 billion): In 2011, about 23 million poor folks got help paying the winter heating bills through LIHEAP.

   Community Health Centers ($3.1 billion (pdf): In 2011, more than 20 million patients, 72 percent of whom were below the poverty line, got healthcare through federally-supported community health centers.

   Title 1 Education Grants ($322 million) (pdf): Under the No Child Left Behind Act, school districts serving a big percentage of low-income kids get financial assistance to help them meet state academic standards.

   Women, Infants, and Children ($7.2 million in 2011): The Department of Agriculture’s WIC program helps low-income moms and babies get access to supplemental nutrition and health care referrals. WIC has about 9 million participants, most of whom are kids.

Not one penny should be cut from of any of these programs. Go scuttle an aircraft carrier or something. Stop one of the wars. Whatever, dude. You’re the Preznit.

Know your president by the friends he keeps.

h/t Suzie Madrak at Crooks and Liars

Cross posted from The Stars Hollow Gazette

Shortly after President Barack Obama signed the National Defense Authorization Act on December 21, 2011 a group of journalists and activist joined Pulitzer Prize-winning war correspondent Chris Hedges in a lawsuit against the Obama administration asserting that the law violated free speech and associational rights guaranteed by the First Amendment and due process rights guaranteed by the Fifth Amendment of the United States Constitution. In September U.S. District Judge Katherine Forrest had blocked the disputed statute from the National Defense Authorization Act, essentially declaring it unconstitutional. That ruling was overturned in October by a three-judge panel of the 2nd U.S. Circuit Court of Appeals. It is worth noting that all of those judges were appointed by Barack Obama.

But who would have thought that Hedges and company would have an ally  in Senators Rand Paul (R-KY) and Dianne Feinstein (D-CA) who along with several other senators from both sides of the aisle, filed an amendment to the current military spending bill that would bar detentions of citizens and green card-holders:

Sen. Dianne Feinstein (D-Calif.), who helped write that amendment, declared Wednesday that it is not good enough, and recalled seeing Japanese Americans jailed in horse stalls at a racetrack when she was a girl.

“I believe that the time has come now to end this legal ambiguity, and state clearly, once and for all, that the AUMF or other authorities do not authorize such indefinite detention of Americans apprehended in the U.S.,” Feinstein said.

“The federal government experimented with indefinite detention of U.S. citizens during World War II, a mistake we now recognize as a betrayal of our core values,” she said. “Let’s not repeat it.” [..]

Paul, who adheres to many libertarian positions, noted that the federal government’s “fusion centers” — which are supposed to facilitate the flow of anti-terrorism information — already make recommendations that many people would find objectionable, and if carried to their logical conclusions, could provide basis for jailing just about anyone.

Paul pointed to a report from a center in Missouri: “From this fusion center comes a document that says beware of people who have bumper stickers supporting third party candidates,” Paul said. “Beware of people who believe in stricter immigration laws. Beware of people who support the right to life. They might be terrorists.

“This is an official document,” paul added. “Do we want to give up the right to trial by jury when we’re being told that somebody who keeps food in their basement might be a terrorist?”

The problem that many opponents of the indefinite detention provisions see with it is that it is especially vague, saying only that the military can grab anyone who provides “substantial support” to Al Qaeda or “associated forces.” Those terms are not defined by the law, which is being challenged in the federal courts.

Although President Obama signed the bill he had promised that he would never use it who is to say that he won’t change his mind or another president will use it to silence dissent. Considering the number of promises this president has already broken and his close friendship with Cass Sunstein, who would love nothing more that to criminalize decent, the senate needs to approve this amendment to protect the our constitutional rights.

Cross Posted from The Stars Hollow Gazette

The latest efforts by state authorities to protect the police who abuse their authority has been dealt a blow by the US Supreme Court. From the Chicago Tribune:

The Supreme Court refused on Monday to revive a controversial Illinois law that prohibited audio recordings of police officers acting in public places, a ban that critics said violated the First Amendment of the U.S. Constitution.

Without comment, the court on Monday let stand a May 8 ruling by the 7th U.S. Circuit Court of Appeals in Chicago that blocked enforcement of the law, which had made it a felony to record audio of conversations unless all parties consented.

In a 2-1 ruling, the 7th Circuit called the law “the broadest of its kind,” and said it likely violated the free speech and free press guarantees in the First Amendment.

MSNBC “The Last Word“ host, Lawrence O’Donnell, commented on the importance of this ruling during his “Rewrite” segment:

“After the Rodney King beating, Chicago police decided to use an old anti-eavesdropping law to protect themselves-a law which basically made it a felony to record a conversation unless all parties agree to be recorded,” said O’Donnell, giving part of the back-story. “That, in effect, meant you couldn’t shoot video of Chicago police because, of course, video recording normally includes sound.” [..]

“The good police officers in this country, which is to say most of the police officers in this country, have no problem with the Supreme Court’s decision this week,” said O’Donnell. “Thanks to federal judges appointed by both Democratic and Republican presidents, some Chicago cops-the bad ones-have something new to fear, tonight: your video camera.”

George Washington University law professor Jonathan Turley also commented about the Court’s decision and had some very harsh criticism of Cook County State’s Attorney Anita Alvarez:

As a native Chicagoan, I remain astonished that citizens have allowed Alvarez to remain in office as she has publicly sought to strip them of their rights and block a tool that has been used repeatedly to show police abuse. For a leading and generally liberal jurisdiction, Chicago has the ignominy and dishonor of leading the effort to fight core civil liberties in this area. [..]

It is otherworldly to see these abuses occurring in two usually progressive jurisdictions of California and Illinois. Alvarez has become the leader of this rogue’s gallery of prosecutors who have strived to jail their own citizens for monitoring police in public. It is, to put it bluntly, a disgrace. While Alvarez failed in her latest bid, she and other prosecutors remain undeterred in their desire to see citizens punished for such videotapes – tapes that have featured prominently in establishing false arrests and police abuse. Before such filming, abuse claims were overwhelmingly rejected with the denials of the officers. Now, there is often undeniable proof – proof that Alvarez and others want barred under the threat of criminal prosecution.

Prof. Turley also points out that the trend to protect bad police is not over:

We have been discussing the continued effort of prosecutors and police to jail citizens who photograph or videotape police in public. For a prior column, click here. Now, in California, another such arrest has been videotaped in California as Daniel J. Saulmon was charged with resisting, delaying and obstructing an officer when the video shows him standing at a distance and not interfering in any way with the arrest.

The officer immediately demanded to know what Saulmon is doing when it is obvious, as Saulmon indicates, that he is filming the scene. Saulmon states that he does not want to speak to the officer when asked for his identification and the officer immediately puts him under arrest. Ironically, the officer then tells him that he doesn’t need any identification since that will be handled at the booking. [..]

Saulmon reportedly spent days in jail. Such jailings serve as a deterrent for abusive police officers since few citizens want to face such incarceration as well as the cost of defending against criminal charges. Even when later thrown out (which often happen to such charges), the message is sent and the officers are rarely disciplined. I have little doubt that this case will be thrown out. The question is whether people in California will demand action to discipline the officer, who swore to charges that are clearly invalid and abusive.

And these cases from Maryland and Massachusetts

In Maryland in July, Anthony Graber got a well-deserved speeding ticket, but his real mistake was posting footage from his motorcycle helmet-cam on YouTube. It showed an irate off-duty, out-of-uniform officer pulling him over with his gun drawn. Prosecutors obtained a grand jury indictment against Graber on felony wiretap charges, which carry a 16-year prison sentence.

In Boston in August, the U.S. 1st Circuit Court of Appeals ruled unambiguously that the Constitution protects citizen videographers filming in public. In that case, attorney Simon Glik was walking past the Boston Common on Oct. 1, 2007, when he came upon three Boston officers arresting a man. Glik turned on his cellphone camera after hearing a witness say the police were being abusive. An officer told Glik to turn off his camera. When Glik refused, he was arrested for violation of the state wiretap statute, disturbing the peace and, for good measure, aiding in the escape of a prisoner.

The charges were dismissed after a public outcry, but in a later civil rights case, city attorneys fought to deny citizens the right to videotape police. The court rejected Boston’s arguments and found that the police had denied Glik his 1st and 4th Amendment rights.

Score one for the 1st and 4th Amendments.

Cross posted from The Stars Hollow Gazette

While Republicans at the federal level appear to understand that they have a huge demographics problem with Latino and women voters, the lesson of the loss has failed to reach the Republicans at the state level. As Rachel Maddow explains in states where Republicans control the legislature and governorship, they are taking further steps to pass legislation that cracks down on undocumented immigrants, gay rights and women’s access to abortion and reproductive health care:

But where Republicans are really in control of government, as in Kansas for example, Maddow said the party is taking steps to “crack down on immigrants who want to go to college.” She also said that the Republican leadership in Indiana is moving to add a constitutional ban on gay marriage to the state constitution-in a state where gay marriage is already illegal. In Ohio, Maddow said, one of the first things the state government did after the November election was hold a hearing on defunding Planned Parenthood. [..]

Maddow added that Republicans at the state level are still “waging wars” on issues like immigration, abortion, and gay marriage, even though members of the party seem to be saying otherwise on a national level. Speaking of the differences between Republican messages, Maddow said, “Somebody should tell the Beltway, or maybe it’s funnier if we don’t.”

Keep in mind some of these same Republican governors, like Wisconsin’s union and women hating Scott Walker and Louisiana’s creationist Bobby Jindal, are considered top contenders for the 2016 presidential ticket. And you thought they couldn’t do worse that Mitt Romney.  

Cross posted from The Stars Hollow Gazette

One of the people I am thankful for is Bill Moyers and his quiet, rational discussion of the problem that plague this country and the world on his PBS program Moyers & Company. In an interview with Trevor Potter, the former Federal Election Commission Chairman and  the lawyer behind the creation and functioning of Stephen Colbert‘s PAC, “Americans for a Better Tomorrow, Tomorrow”, they discuss how Citizens United has effected, not only this campaign, but campaigns in the very near future with the influx of undisclosed money to Super PACs from very wealthy donors who want only to protect their influence in Congress.

Former Federal Election Commission Chairman Trevor Potter – the lawyer who advised Stephen Colbert on setting up a super PAC – dissects the spending on the most expensive election in American history. Many voices are claiming “money didn’t matter, Citizens United wasn’t a factor,” but Potter disagrees.

“Super PACs just upped the ante,” he tells Bill. “If you’re a senator and you have just been elected, or heaven forbid you’re up in two years, you’re thinking I don’t have time to worry about deficit reduction and the fiscal cliff. I have to raise tens of thousands of dollars every day to have enough money to compete with these new super PACs… And that means I need to be nice to a lot of billionaires who often want something from me in order to find the funding for my campaign.”

The transcript can be read here

Up with Chris Hayes host Chris Hayes shares all that the is thankful for this Thanksgiving.

Tell us about what tou have learned this week. Open Thread

Cross posted from The Stars Hollow Gazette

Naomi Klein, author of Shock Doctrine: The Rise of Disaster Capitalism,, joined Bill Moyers to discuss how the the destructive force of Hurricane Sandy and climate change can alter politics and the economy.

The full transcript can be read here.

Lambert Strether, posting at naked capitalism, thought this part of the interview particularly interesting.

   NAOMI KLEIN: So one of the things that you find out in a disaster is you really do need a public sector. It really important. And coming back to what we were talking about earlier, why is climate change so threatening to people on the conservative end of the political spectrum? One of the things it makes an argument for is the public sphere. You need public transit to prevent climate change. But you also need a public health care system to respond to it. It can’t just be ad hoc. It can’t just be charity and goodwill.

   BILL MOYERS: When you use terms like “collective action,” “central planning,” you scare corporate executive and the American Enterprise Institute and The Heritage Foundation because they say you want to do away with capitalism.

   NAOMI KLEIN: Well, first of all, I don’t use a phrase like “central planning.” I talk about planning, but I don’t think it should be central. And one of the things that one must admit when looking at climate change is that the only thing just as bad or maybe even worse for the climate than capitalism was communism. And when we look at the carbon emissions for the eastern bloc countries, they were actually, in some cases, worse than countries like Australia or Canada. So, let’s just call it a tie. So we need to look for other models. And I think there needs to be much more decentralization and a much deeper definition of democracy than we have right now.

   BILL MOYERS: Decentralization of what, Naomi?

   NAOMI KLEIN: Well, for instance, you know, if we think about renewable energy, well, one of the things that’s happened is that when you try to get wind farms set up, really big wind farms, there’s usually a lot of community resistance that’s happened in the United States. It’s happened in Britain. Where it hasn’t happened is Germany and Denmark. And the reason for that is that in those places you have movements that have demanded that the renewable energy be community controlled, not centrally planned, but community controlled. So that there’s a sense of ownership, not by some big, faceless state, but by the people who actually live in the community that is impacted.

What Yves said: “These pesky issues of governance, the nature of the state, and legitimacy seem to popping up all over these days.”

Cross posted from The Stars Hollow Gazette

The affair between David Petraeus and a married Tampa socialite was more than just embarrassing it exposed the media’s adoration of a very flawed man, the media’s cover up of his failures and the bigger scandal, the US surveillance state. Three critics of Petraeus weigh in:

The scandal that brought down CIA director David Petraeus has spread to the top U.S. commander in Afghanistan, General John Allen. The Pentagon says the FBI has uncovered thousands of “potentially inappropriate” emails between Allen and Jill Kelley, the woman who complained of harassment from Petraeus’ biographer and lover, Paula Broadwell. Kelley’s complaint to the FBI led to the discovery of Broadwell and Petraeus’ relationship, prompting Petraeus’ resignation on Friday. We’re joined by Guardian columnist and blogger Glenn Greenwald

Transcript can be read here

Petraeus scandal is reported with compelled veneration of all things military

by Glenn Greenwald

The reverence for the former CIA Director is part of a wider religious-like worship of the national security state.

A prime rule of US political culture is that nothing rivets, animates or delights the political media like a sex scandal. From Bill Clinton, Gary Hart, and Eliot Spitzer to John Edwards, Larry Craig and David Vitter, their titillation and joy is palpable as they revel in every last arousing detail. This giddy package is delivered draped in a sanctimonious wrapping: their excitement at reporting on these scandals is matched only by their self-righteous condemnations of the moral failings of the responsible person.

All of these behaviors have long been constant, inevitable features of every political sex scandal – until yesterday. Now, none of these sentiments is permitted because the newest salacious scandal features at its center Gen. David Petraeus, who resigned yesterday as CIA Director, citing an extramarital affair.

FBI’s abuse of the surveillance state is the real scandal needing investigation

by Glenn Greenwald

That the stars of America’s national security establishment are being devoured by out-of-control surveillance is a form of sweet justice

The Petraeus scandal is receiving intense media scrutiny obviously due to its salacious aspects, leaving one, as always, to fantasize about what a stellar press corps we would have if they devoted a tiny fraction of this energy to dissecting non-sex political scandals (this unintentionally amusing New York Times headline from this morning – “Concern Grows Over Top Military Officers’ Ethics” – illustrates that point: with all the crimes committed by the US military over the last decade and long before, it’s only adultery that causes “concern” over their “ethics”). Nonetheless, several of the emerging revelations are genuinely valuable, particularly those involving the conduct of the FBI and the reach of the US surveillance state. [..]

That is the first disturbing fact: it appears that the FBI not only devoted substantial resources, but also engaged in highly invasive surveillance, for no reason other than to do a personal favor for a friend of one of its agents, to find out who was very mildly harassing her by email. The emails Kelley received were, as the Daily Beast reports, quite banal and clearly not an event that warranted an FBI investigation: [..]

Based on what is known, what is most disturbing about the whole Petraeus scandal is not the sexual activities that it revealed, but the wildly out-of-control government surveillance powers which enabled these revelations. What requires investigation here is not Petraeus and Allen and their various sexual partners but the FBI and the whole sprawling, unaccountable surveillance system that has been built.

BuzzFeed‘s, Michael Hastings was not just harsh on David Peraeus but also took one of CNN’s own reporters for her fawning reporting, repeating the Pentagon talking points without question.

The transcript can be read here

h/t Heather at Crooks and Liars

The Sins Of General David Petraeus

by Michael Hastings

Petraeus seduced America. We should never have trusted him.

The fraud that General David Petraeus perpetrated on America started many years before the general seduced Paula Broadwell, a lower-ranking officer 20 years his junior, after meeting her on a campus visit to Harvard.

More so than any other leading military figure, Petraeus’ entire philosophy has been based on hiding the truth, on deception, on building a false image. “Perception” is key, he wrote in his 1987 Princeton dissertation: “What policymakers believe to have taken place in any particular case is what matters – more than what actually occurred.”

Yes, it’s not what actually happens that matters – it’s what you can convince the public it thinks happened.

But the final word  on L’affaire de Petraeus goes the host of The Colbert Report, Stephen Colbert and his guest All My Children soap star, Susan Lucci.

“I think the news has jumped the shark” and that’s the “word.”

Cross posted from The Stars Hollow Gazette

If you were thought that the New York City Fire Department only put out fires and rescued stranded kitties from trees, you’d be very wrong. They have now been enlisted by the Department of Homeland Security to help fight that nebulous war on terror. The web site Tech Dirt has the sadly amusing details of the FDNY’s power point program to find a terrorist threat in food trucks that are scattered throughout NYC:

from the basically-any-form-of-transportation-is-a-threat—-start-walking,-citizen dept

It’s interesting (or maybe just kind of sad) that various government agencies see possible terrorists everywhere but rarely, if ever, catch one. Despite the large number of personnel being thrown at the problem (along with lots of money), actual terrorists seem to be in limited supply.

But these agencies haven’t let their lack of success temper their vision of a nation under constant imminent attack. Public Intelligence recently posted a Powerpoint presentation from the NYC fire department (FDNY) discussing the unique safety issues mobile food trucks present. Along with some actual concerns (many food trucks use propane and/or gasoline-powered generators to cook; some gasp aren’t properly licensed food vendors), the presenter decided to toss in some DHS speculation on yet another way terrorists might be killing us in the near future.

That’s right. Instead of serving up a quick hot meal, these food trucks will be serving up death, and lots of it! Under the heading “Terrorist Implications,” the FDNY lists the exact reasons we should be concerned, most of which begin with the word “high.”

While any terrorist organization worth its twisted ideology would do well to nail down as much of this list as possible, so would any vendor who wished to stay in business.

Seriously folks, according to our crazies in Congress lead by the fear monger in chief, Rep. Peter King (R-NY), because we haven’t been attacked means we’re due for one. That’s like trying to predict an earthquake, you can’t and attempts by using fusion centers has been complete failure that produced no useful intelligence and violated civil liberties. But that doesn’t stop them.

The Tech Dirt article goes on pointing out more bizarreness of the FDNY presentation:

The next slide continues to lay out the “Terrorism Implications,” this time reminding first responders that food trucks have large quantities of deadly liquids (propane, gasoline) and are “easily concealed” (which I assume refers to the potential explosives, rather than the truck itself… but you can never be TOO sure). Also, food bombers will usually be in the proximity of “crowds” (gasp!) and “sidewalks” (wha…?).

The DHS’ unfocused “terrorvision” continues to see a threat in every situation and the department seems to be busying itself crafting a response to every conceivable “threat.” The problem with this “method” is that it turns any slight variation of “everyday activity” into something suspicious. The number of “terrorist implications” grows exponentially while the number of solutions remains the same. This Powerpoint is another example of good, old-fashioned fear mongering, utilizing public servants to spread the message.

At no point does this presentation offer anything resembling preemptive action or deterrents. All it does is paint a picture of food trucks as potential threats before concluding with, of all things, common sense safety tips aimed at dealing with food truck fires. The final slide paints the picture in the clearest terms, letting the viewer know exactly whose agenda is being pushed:

   Prepared by {..}

   FDNY Center for Terrorism and Disaster Preparedness

The priorities are all screwed up. Terrorism is the first concern. Everything else is secondary. Considering this is an FDNY presentation, you’d think that “Disaster Preparedness” would be the priority. After all, they are the first response. But instead that honor goes to the vague menace of terrorism, a constant battle with no winners and, for the most part, no combatants. Every day without a terrorist act is a “win” that perpetuates the “need” for more counter-terrorist “efforts.”

Even the logo is over the top;

Here is the entire “side show”:

I suppose FDNY got a lot of money to do this.

Cross posted from The Stars Hollow Gazette

President Obama will open deficit reduction talks on Friday with a call for a $1.6 trillion tax hike on corporations and the wealthiest Americans over the next 10 years. Obama and House Speaker John Boehner are sitting down to avert the so-called “fiscal cliff” of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. We’re joined by Guardian columnist Glenn Greenwald, who says the protection of “entitlement” programs will depend on action from Obama’s progressive supporters. “The question is: Will the Democratic Party, and specifically the progressive and liberal component of the Democratic Party, change its behavior from cheerleader, from blindly supportive, partisan apparatchiks … into some kind of a force where they actually fulfill their duties as citizens, which is to hold political leaders accountable?” Greenwald asks.

Transcript can be read here

They don’t call it the “cliff” for nothing. It’s the fiscal spot where a nation’s representatives can gather and cry doom. It’s the place – if Washington is to be believed – where, with a single leap into the Abyss of Sequestration, those representatives can end it all for the rest of us.

In the wake of President Obama’s electoral victory, that cliff (if you’ll excuse a mixed metaphor or two) is about to step front and center. The only problem: the odds are no one will leap, and remarkably little of note will actually happen. But since the headlines are about to scream “crisis,” what you need to understand American politics in the coming weeks of the lame-duck Congress is a little guide to reality, some Cliff Notes for Washington.

As a start, relax. Don’t let the headlines get to you. There’s little reason for anyone to lose sleep over the much-hyped fiscal cliff. In fact, if you were choosing an image based on the coming fiscal dust-up, it probably wouldn’t be a cliff but an obstacle course – a series of federal spending cuts and tax increases all scheduled to take effect as 2013 begins. And it’s true that, if all those budget cuts and tax increases were to go into effect at the same time, an already weak recovery would probably sink into a double-dip recession.

But ignore the sound and fury. While prophecy is usually a perilous occupation, in this case it’s pretty easy to predict how lawmakers will deal with nearly every challenge on the president’s and Congress’s end-of-year obstacle course. The upshot? The U.S. economy isn’t headed over a cliff any time soon.

A peek at the obstacles ahead makes that clear. [..]

Among all the spending and tax changes in the queue, and all the hype around the cliff, the great unknown is whether it’s finally farewell to the Bush tax cuts for the wealthy. And that’s no perilous cliff. Letting those high-end tax cuts expire would amount to a blink-and-you-miss-it 0.003% contraction in the U.S. economy, according to Moody’s, and it would raise tens of billions of dollars in desperately-needed tax revenue next year. That’s no small thing when you consider that federal revenue has fallen to its lowest point in more than half a century. Ending these tax cuts for the wealthy would bring in cash to reduce deficits or increase funding for cash-starved priorities like higher education.

It’s impossible to say how Congress will come down on this final issue, though we do know how lawmakers will arrive at their decision. At least Congress is consistent. On this, as on all other matters in the fiscal obstacle course, it’s not the economy.

It’s the politics, stupid.

Cross posted from The Stars Hollow Gazette

As the most expensive presidential election in U.S. history comes to an end, broadcaster Tavis Smiley and professor, activist Dr. Cornel West join us to discuss President Obama’s re-election and their hopes for a national political agenda in and outside of the White House during Obama’s second term. At a time when one in six Americans is poor, the price tag for combined spending by federal candidates – along with their parties and outside groups like super PACs – totaled more than $6 billion. Together, West and Smiley have written the new book, “The Rich and the Rest of Us: A Poverty Manifesto.” Both Tavis and Smiley single out prominent progressives whom they accuse of overlooking Obama’s actual record. “We believe that if [Obama] is not pushed, he’s going to be a transactional president and not a transformational president,” Smiley says. “And we believe that the time is now for action and no longer accommodation. … To me, the most progressive means that you’re taking some serious risk. And I just don’t see the example of that.” West says that some prominent supporters of Obama “want to turn their back to poor and working people. And it’s a sad thing to see them as apologists for the Obama administration in that way.”

Transcript can be read here

“In a recent interview on Democracy Now!, ex-Princeton professor and frequent Obama critic Dr. Cornel West lashed out against the president as well as pundits Michael Eric Dyson, Melissa Harris-Perry and Rev. Al Sharpton.

West called Obama a “Rockefeller Republican in blackface” and said Dyson, Harris-Perry and Sharpton were all “for sale.”

West, along with TV personality Tavis Smiley, has been one of President Barack Obama’s loudest and harshest African-American critics. Although West endorsed and campaigned for Obama during the 2008 campaign, he has since complained that the first black president turned his back on impoverished Americans.”

Cenk Uygur and Jayar Jackson discuss West’s comments and racial attitudes toward Obama in general. Is there a way he should act as both the president and a leader for the black community? How would he manage that?

Cross posted from The Stars Hollow Gazette

Chris Hayes, host of [Up with Chris Hayes ],  discusses the stand-off between President Obama and House Republicans over the “fiscal cliff,” the name given to the combination of the expiration of the Bush tax cuts and the sequestration cuts mandated by last year’s debt ceiling agreement. Chris’ “filibuster” in the first segment is a “Cliff Note” summation of the debate about the so-called “fiscal cliff.”

Chris is joined for a comprehensive, and somewhat wonky, discussion with Hakeem Jeffries, newly elected Congressman representing the 8th Congressional District in Brooklyn, New York State Assemblyman; Teresa Ghilarducci (@tghilarducci), labor economist and director of the Schwartz Center for Economic Policy Analysis at The New Schoo; Edward Conard, former partner at Bain Capital from 1993-2007 and author of “Unintended Consequences: Why Everything You’ve Been Told About The Economy Is Wrong;” Ohio Democratic Senator Sherrod Brown; and Molly Ball (@mollyesque), national political reporter for The Atlantic.

I found this article  about the debt/deficit/”fiscal cliff” from letdgetitdone quite interesting. It presents a very compelling argument, point by point, why this entire discussion about a “fiscal cliff” is a myth. He concludes his argument:

So, current claims that we have a fiscal crisis, must debate the debt, must fix the debt, and must immediately embark on a long-term deficit reduction program to bring the debt-to-GDP ratio under control, all misconceive the fiscal situation because they are based on the idea that fiscal responsibility is about developing a plan to bring the debt-to-GDP ratio “under control,” when it is really about using Government spending to achieve outputs that fulfill “public purpose.” There is no fiscal crisis that will require “a Grand Bargain” and cuts to popular discretionary spending and entitlement programs. It is a phoney issue.

The only real crisis is a crisis of a failing economy and growing economic inequality in which only the needs of the few are served. MMT policies can help to bring an end to that crisis; but not if progressives, and others continue to believe in false ideas about fiscal sustainability and responsibility, and the similarity of their Government to a household. To begin to solve our problems, we need to reject the neoliberal narrative and embrace the MMT narrative about the meaning of fiscal responsibility. That will lead us to fiscal policies that achieve public purpose and away from policies that prolong economic stagnation and the ravages of austerity.