6. February 2012 by admin.

During the Teapublican primaries, we’ve all heard candidates who claim to be true conservatives. But upon listening to their plans, I have come to the realization that the only things they really want to conserve are their own fortunes.

It was during a recent Teapublican debate that I discovered I’m definitely not a liberal – never have been. I’ve been a conservative all along.

I believe in conserving clean air and water. I believe in conserving our forests, our streams and our oceans. I believe in conserving wildlife. I believe in conserving fossil fuels by not using them wastefully. I believe in conserving our natural resources by not subsidizing large corporations to exploit them. I believe in conserving our Constitution. I believe in conserving the Bill of Rights which provides equality and the pursuit of life, liberty and happiness. I believe in conserving the separation of church and state.

I believe in conserving lives by only going to war as an absolute last resort. I believe in conserving taxpayer money by eliminating corporate subsidies, off-shore tax havens and no-bid defense contracts. I believe in conserving American middle class jobs. I believe in conserving the American tradition of building things rather than destroying them through vulture capitalism. I believe in conserving the rights of workers to bargain for fair compensation. I believe in conserving our electoral system by banning contributions from corporations and lobbying groups.

I believe in conserving our citizens’ homes and savings with common-sense regulations for greedy financial institutions. I believe in conserving our citizens’ health by providing access to affordable health care. I believe in conserving safety nets such as Social Security, Medicare and Medicaid. I believe in conserving the rights of all people to pursue the marital relationship of their choice. I believe in conserving the rights of women to control their own bodies even if I disagree with some of their decisions. I believe in conserving our future by providing all children with the opportunity to receive a good education.

Finally, I believe in conserving America’s standing as a role model for the world rather than as a bully. And I believe in conserving the idealism that has always driven Americans by focusing on what can be, rather than what once was.

Posted in Current Events, Corporations, Education, War, Military, Teapublicans, Religion, Energy, Culture, Taxes, Health care, Medicare, Economy, Social Security, Government, Labor, Politics, Environment | Print | No Comments »

29. November 2011 by admin.

1 - Re-institute the Glass-Steagall Act.

The Glass-Steagall Act was initially signed into law in 1933 to prevent a repeat of the conditions that led to the Great Depression. The law created a firewall between banks of deposit and investment banks, recognizing that a bank of deposit is entrusted with maintaining the financial security of its deposits while an investment bank, such as a stock brokerage, engages in inherently risky activities. When the same financial institution is allowed to participate in both acitivities, the deposits are placed at risk. And since the government insures deposits through the FDIC, it’s also at risk.

Unfortunately, the law was repealed in 1999 and the lax regulation of the Bush administration allowed banks to collapse as the result of the very conditions the law was designed to prevent.

2 - Return Capital Gains Taxes to Reagan-era levels.

During the Reagan administration, the maximum rate on capital gains (money derived from investments) was raised to 28 percent. But, to reward their wealthy masters, Teapublicans have cut the rate to just 15 percent and they want to eliminate capital gains taxes altogether.

Since the wealthiest 1 percent of our population makes most, if not all, its money from capital gains on investments, that means millionaires and billionaires pay an income tax rate of 15 percent or less. On the other hand, many of us who make money from salaries or as sole proprietors pay an income tax of up to 33 or 35 percent, not including payroll taxes for Social Security and Medicare. See the problem?

3 - Return Income Taxes to Clinton-era levels.

Under Reagan, the maximum federal income tax rate averaged 65.70 percent. Under Clinton, the maximum income tax rate was 39.60 percent. Under Bush, the maximum income tax rate dropped to 35 percent leading to massive federal deficits.

Obviously, our current maximum tax rate has weakened our economy.  And unless we find ways to generate more revenue, we will be unable to decrease our debt or repair our infrastructure.

4 - Eliminate the cap on Social Security Withholding.

For the past several years Social Security taxes are withheld on only the first $106,800 of taxable income. By eliminating the cap, we would generate a great deal more money for Social Security, and by paying benefits to only those who actually need them, the Social Security trust fund would be solvent well into the forseeable future, perhaps permanently.

5 – Cut unnecessary duplication of city, county, state and federal offices.

If you want to build a commercial operation today, you may have to trek to as many as four offices to obtain the necessary permits. That’s because each level of government has its own unique regulations. Since environmental issues are necessarily different between Los Angeles, CA and Siren, WI, the need for different regulations is understandable. But why not streamline processes by combining similar functions in a single office? This would not only cut red tape, it would increase efficiency and cut costs.

6 - Buy local.

For the past 40 years, US manufacturers have shipped raw materials to other nations.  Then shipped the finished products back to the US.  This is not only destroying our economy, it is destroying our environment.  In fact, a case can be made that an enormous Hummer SUV is more environmentally friendly than a Prius.  That’s because the Hummer is made primarily in the US.  Eschewing foreign-made products would do wonders for American workers and everyone who breathes.

7 - Buy small.

Walmart, Target, Amazon, etc. are killing local retail stores which has led to the hollowing out of our central cities and the loss of jobs.  Yes, “big box” stores hire many employees, but they often pay less, provide fewer benefits and contribute less to the local economies.  Moreover, by emphasizing cheaper foreign-made products they continue to depress US manufacturing. 

Everyone likes lower prices and greater selection.  But who wouldn’t be willing to pay a bit more if it means our family members, friends and neighbors can keep or get a decent job? 

Posted in Deficit, Taxes, Politics, Government, Social Security, Economy | Print | No Comments »

4. October 2011 by admin.

If the heroes of WWII were the Greatest Generation, how would you describe those who have followed in their footsteps? I’d have to say the reviews are mixed.

Take my generation of so-called Baby Boomers.  We started out by fighting for Civil Rights. When confronted with a lame and unjustified war in Vietnam, many of our generation fought despite reservations while the rest of us fought to end wars against those who never attacked our shores. A few years later, we fought to win equal rights for women. And many of us took up other noble causes such as fighting for a cleaner, safer environment.

All of that was admirable. But what have we done lately? Moreover, what has the post-boomer generation (those who are now in their 40s and 50s) done? Let’s just say they may be remembered as the Least Generation.

While the Greatest Generation believed in shared sacrifice in order to obtain lofty goals, such as overcoming the Great Depression and overthrowing despotic dictators such as Adolph Hitler, the Least Generation voted to give themselves tax cuts. While the Greatest Generation built our nation’s infrastructure with hard work and tax dollars, the Least Generation has stood idly by and watched that infrastructure crumble.

While the Greatest Generation toiled and sweat to earn a better future for their children, the Least Generation has mostly reserved its sweat for the athletic club. While the Greatest Generation fought for labor unions and workers’ rights, the Least Generation has fought to destroy them.

While the Greatest Generation scrimped and sacrificed to maintain the war effort, the Least Generation has mostly patted soldiers on the back with a very public “thank you for your service” and privately told themselves “thank God that’s not my son or daughter.”

In recent years, politicians from the Least Generation such as Michelle Bachmann and Eric Cantor have shown they’d rather play partisan politics than do what’s best for our country. They have voted to end welfare. They have cut Medicaid, public education, Early Family Childhood Education and social services while cutting taxes for millionaires and billionaires. They have fought to maintain subsidies and tax loopholes for the world’s largest and most profitable corporations while refusing to extend benefits for the unemployed.

They have voted to cut Social Security rather than raise the cap on FICA contributions for those making more than $106,800. They’ve voted to end Medicare rather than root out the causes of inflated medical costs or negotiate the cost of pharmaceuticals with manufacturers. And they were willing to risk government default rather than risk alienating their wealthy contributors by raising taxes.

Let’s hope the next generation does better. But I’m not optimistic.

Posted in Culture, Taxes, Education, Current Events, War, Labor, Politics, Medicare, Economy, Health care, Social Security, Government, Environment | Print | No Comments »

26. September 2011 by admin.

“Social Security is a Ponzi scheme.”

Governor Rick Perry must have scraped this BS off the bottom of his cowboy boots, because it smells a lot like Texas fertilizer.

You see, far from being a Ponzi scheme, Social Security is insurance - insurance that guarantees a dignified retirement for hard-working Americans in our old age. Without it, we would likely be treated to scenes of the elderly living in cardboard boxes and digging through dumpsters for their meals.

The premiums for this insurance are paid by withholding less than six percent of an individual’s annual income up to $106,000 per year.

Currently, Social Security has a $2.5 trillion surplus, but given the impending retirement of Baby Boomers, it’s estimated that the program will not be able to make full benefit payments in 25 or 30 years. However, contrary to what Teapublicans would have you believe, Social Security can be easily fixed with relatively minor tweaking. (As with all insurance plans, the premiums for Social Security need to be increased from time to time.)

One option is to raise the income cap to include income above $106,000. (This hasn’t been done since the Reagan administration in the 1980s.) Another option is to remove the cap altogether, which would assure the solvency of Social Security far into the future. Yet another is to limit benefits to only those who actually need them – retirees with annual household incomes of less than $30,000, for example.

Social Security can be fixed.  But not if the media and voters keep listening to Teapublican lies.

Posted in Current Events, Tea Party, Teapublicans, Taxes, Politics, Social Security, Government, Economy | Print | No Comments »

23. September 2011 by admin.

“The US government is going broke.”

In May 25, 2001, Grover Norquist of Americans for Tax Reform told National Public Radio’s Mara Liasson, “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.”

Teapublicans have been trying to bankrupt the government ever since.

Yet, despite their efforts, the United States still has the world’s largest economy with a Gross Domestic Product (GDP) estimated at nearly $14.7 trillion in 2010. That represents approximately one quarter of the global GDP.

Our current problem, as economist Paul Krugman has stated, is “insufficent aggregate demand.” As a result, we do not have enough revenue to cover our spending.  Moreover, much of the money spent is misallocated. To fix our economy, we need to increase tax revenue from those who can most afford it. And we need to create jobs by spending on necessary projects while interest rates are at all-time lows.

But, instead of dealing with the real issues, Teapublicans are using the debt crisis they created to destroy labor unions, to eliminate employee benefits, to depress salaries and eliminate our safety nets (the so-called entitlements).

Contrary to Teapublican accusations, these programs are not responsible for our growing national debt. Social Security and Medicare are funded by payroll taxes while our defense spending is not. 

According to estimates, our annual military/security budget is $1.1-$1.2 trillion, or 70-75 percent of the federal budget deficit. It has doubled since 9/11. And much of the defense budget is squandered through poor oversight, lack of planning and corruption. In fact, the Commission on Wartime Contracting stated that as much as $60 billion was lost to waste and fraud in Iraq and Afghanistan over the past decade!

The US is not broke.  But if we keep electing Teapublicans, we soon may be.

Posted in Current Events, Taxes, War, Military, Teapublicans, Tea Party, Labor, Deficit, Medicare, Economy, Social Security, Government, Politics, Terrorism | Print | No Comments »

21. September 2011 by admin.

“President Obama’s Jobs Plan is Class Warfare.”

Teapublicans haul this one out every time a Democrat talks about raising taxes on the wealthy. It sounds terrible, doesn’t it? How could anyone be for dividing America into classes based on privilege and wealth?

Oh, wait! Teapublicans have been pursuing policies of class warfare for decades!

Thanks to Teapublican policies, 400 people now control 50 percent of the nation’s wealth, a combined $1.5 trillion. Their average net worth is $3.8 billion - a 12 percent increase from last year! Meanwhile, the bottom 90 percent have an average annual income of just $31,244 per household.

While the wealthy pay a federal tax rate of 15 percent on profits from their investments, middle class families pay a federal income tax rate of 25-33 percent on their salaries. While the corporations’ share of federal tax revenues has dropped from more than 30 percent in the 1950s to less than 10 percent now, individuals’ share has remained at more than 40 percent. At the same time, payroll taxes (for Social Security and Medicare) have gone from 10 percent to more than 40 percent!

But there has been even more bad news for the poor and middle class. In the past 10 years, incomes for the top 20 percent of Americans have increased dramatically while incomes for the bottom 80 percent of Americans have dropped! And while the Great Recession forced millions of American workers into unemployment lines, corporate CEOs and bankers have paid themselves multi-million dollar bonuses.

No, John Boehner, Mitch McConnell, Mitt Romney, Rick Perry and Michelle Bachmann, making those who have benefited the most from our country pay their fair share is not class warfare. Continuing the Teapublican policies from the past 30 years is.

Posted in President Obama, Corporations, Current Events, Tea Party, Teapublicans, Culture, Taxes, Medicare, Social Security, Government, Politics, Economy | Print | No Comments »

23. August 2011 by admin.

Despite the fact that our economy was in freefall when President Obama entered office, people are fond of blaming him for our current misery.  Instead of supporting Obama’s attempts to right our sinking ship, Teapublicans have chosen to fight him every step of the way. 

No matter that the record number of Senate filibusters paralyzed our government.  No matter that the cries of “Socialist” have further divided our nation.  Teapublicans seem only to care about ensuring that Obama is a one-term president.

And just when it appeared that the economy was growing again, Teapublicans chose to turn the debt ceiling into a “crisis” resulting in a downgrade of US Treasury Securities and further despair.

All this got me wondering: What if today’s Teapublicans had been around following the Great Depression? Would they have been willing to fund Social Security? Would they have opened the US Treasury to build our infrastructure? Would our nation’s most iconic structures have ever been funded? Would there be a Hoover Dam? Would the Tennessee Valley Authority exist?

What if Teapublicans had been around following WWII? Would they have approved the post WWII-era top tax rate of 91 perecent? Would they have approved of the billions spent to expand our Universities? Would they have supported the GI Bill? Would they have approved of Eisenhower’s interstate highway system?

Looking at more recent history, would they have approved of raising the debt ceiling as Reagan was tripling the national debt? Would they have approved of his tax increases?

I think you know the answers. 

Now ask yourself this: What would have become of the US if today’s Teapublicans had been around during the founding of our nation? Would they even have been willing to spend their money to fund the Revolution?

Posted in President Obama, Tea Party, Teapublicans, Culture, Taxes, Social Security, Government, Deficit, Economy | Print | No Comments »

7. August 2011 by admin.

Although many Americans are fond of calling the US the greatest nation on Earth, that hasn’t been true for many years. Certainly we have the world’s most powerful military, but that’s no criteria for greatness. Neither is the fact that we are still the world’s richest nation, despite the downgrade in our credit rating by Standard & Poors.

But greatest?

Does a great nation tolerate an ever-widening gap between billionaires and the working poor? Does a great nation leave tens of millions of its citizens without access to health care? Does a great nation allow millions of its children to be homeless? Does a great nation allow its education system to become third-rate? Does a great nation allow its infrastructure to decay and collapse merely to give another tax cut to large corporations and the wealthy?

Does a great nation use its financial and military power to prop up brutal dictatorships around the world? Does a great nation bankrupt the small farmers of neighboring countries by subsidizing corporate farms then demonize those farmers when they cross the border looking for jobs? Does a great nation demean those who labor to build things with their hands, to put out fires, or to teach its youth? Does a great nation begrudge a comfortable retirement to its elderly? Does a great nation allow large corporations and the wealthy to elect its politicians?

How can a nation be called great when it rewards greed and corruption? When its judicial system rules that corporations have rights superior to those of its citizens? When its financial institutions are allowed to grow so large they are immune to failure from their own mistakes? When its corporate lawyers are tasked with seeking out financial and legal loopholes that allow their clients to game the system? When its politicians are more concerned with scoring political points than the welfare of its voters? When its citizens are more interested in the antics of its celebrities than those of its government? When it allows its previous leader to run up a huge debt, and then blames the leader who inherited it?

We didn’t need Standard & Poors to tell us that our nation is on the verge of bankruptcy. When it comes to fairness, ideas and ethics, the US has been on the verge of bankruptcy for many years.

Posted in Education, Culture, Immigration, Corporations, Military, Current Events, Taxes, Labor, Social Security, Health care, Government, Politics, Homelessness, Deficit, Economy | Print | No Comments »

30. July 2011 by admin.

Teapublicans have elevated Ronald Reagan to God-like status. They have named a Washington D.C. airport after him. They worship at his presidential library. They even want to add his image to Mount Rushmore National Monument.

So why don’t they follow his economic example?

This has never been more puzzling than during the current debt ceiling debate. Under Reagan, Congress was forced to raise the debt ceiling 17 times. But under Obama, Teapublicans refuse to raise the debt limit even once. To save Social Security, Reagan raised the income cap on FICA deductions. But under Obama, Teapublicans want to destroy Social Security, Medicaid and Medicare. Reagan raised capital gains taxes to 28 percent. But under Obama, Teapublicans consider the current rate of 15 percent too high. Under Reagan, the highest income tax rate was 50 percent or more. But under Obama, the highest rate is 35 percent. And under Reagan, tax revenues averaged 18.2 percent of GDP. But under Obama, tax revenues are just 14.9 percent of GDP as reported by the conservative Heritage Foundation.

Indeed, former Reagan Policy Adviser, Bruce Bartlett, recently stated on MSNBC’s Hardball with Chris Matthews, “The dirty secret is that Obama’s a moderate conservative.“ Further, he noted that $7 trillion of the national debt is due to George W. Bush’s policies and tax cuts. $2 trillion is due to the Great Recession that President Obama inherited. And only $1.4 trillion of the debt is due to Obama’s policies, including the measures taken to keep our economy from sliding into the abyss.

And speaking about the Teapublican refusal to increase revenues as part of their plan to cut the deficit, the father of “Reaganomics” and former Reagan Budget Director, David Stockman, said, “When I look at the Republican plan, I have to say I think it’s half right on some things, and it’s half-baked on a lot of others… you’re telling the people of America that we can solve this issue - which is very dangerous, the deficit that we’re facing and the debt we’re building up - by not raising taxes on anyone. That, in my judgment, is a big lie.”

Bartlett was even stronger in response to a question about the Teapublican-dominated Congress. “A good chunk of the Republican caucus is either stupid, crazy, ignorant, or craven cowards who are desperately afraid of the Tea Party people. And rightly so,” he said.

Posted in President Obama, Current Events, Tea Party, Taxes, Deficit, Social Security, Government, Politics, Economy | Print | No Comments »

29. July 2011 by admin.

Remember when the Teapublicans were running for office last November? They hammered Democrats for not creating jobs fast enough and promised to have a laser-like focus on the economy. Well, I guess you could say they were telling the truth. But who knew they were actually referring to a laser site on an assault weapon aimed at killing the economy entirely?

Since the debt ceiling first became an issue in January, Teapublican antics have already had a disastrous effect. The lingering debate over the debt ceiling has caused many employers to question the outcome. As a result, they have delayed hiring and any new expenditures. In recent days, the stock markets are down dramatically. And new data has shown that the economy grew at a pitiful rate in the first quarter of this year. All of this is the result of uncertainty.

Now imagine what will happen if Teapublicans actually fail to raise the debt ceiling. Or if they succeed in making the draconian cuts they want.

How much will the stock markets crash if the US defaults on its debts? What will be the long term effects if US Treasury bonds are downgraded? What will happen when consumer interest rates skyrocket? What will be the economic effect of failing to make Social Security payments? How many people will die if doctors know they won’t be reimbursed by Medicare?

Truth is, the Teapublicans now controlling our debt ceiling debate may well have a greater negative impact on our nation than Timothy McVeigh, Al Qaeda and the Taliban combined.

Posted in Deficit, Current Events, Tea Party, Politics, Government, Economy, Medicare, Social Security, Terrorism | Print | No Comments »