“Trillion Dollar Fraudsters”: We’re Looking At An Enormous, Destructive Republican Con Job, And You Should Be Very, Very Angry

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By now it’s a Republican Party tradition: Every year the party produces a budget that allegedly slashes deficits, but which turns out to contain a trillion-dollar “magic asterisk” — a line that promises huge spending cuts and/or revenue increases, but without explaining where the money is supposed to come from.

But the just-released budgets from the House and Senate majorities break new ground. Each contains not one but two trillion-dollar magic asterisks: one on spending, one on revenue. And that’s actually an understatement. If either budget were to become law, it would leave the federal government several trillion dollars deeper in debt than claimed, and that’s just in the first decade.

You might be tempted to shrug this off, since these budgets will not, in fact, become law. Or you might say that this is what all politicians do. But it isn’t. The modern G.O.P.’s raw fiscal dishonesty…

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We’re Not Broke — We’ve Been Robbed

Slashing government spending now is just going to make our nation poorer.

By Richard Kirsch

Richard_Kirsch

With the Friday the 13th December deadline for a federal budget deal, the cries of “we’re broke,” and “we can’t afford to keep spending,” are ringing again. But we’re not broke and acting like we are is making us poorer.

One of the biggest common misunderstandings is that governments are like households, which need to tighten their spending when times are tough. Actually, governments and households work in opposite ways.

Attack of the Budget Slashers, an OtherWords cartoon by Khalil Bendib

Governments can and should spend more when times are tough. Government spending makes up for lack of spending by families and businesses, and it helps get the economy moving by getting people back to work, putting money in their pockets, and contracting with businesses.

If we needed a reminder of that, the recent government shutdown gave us one. Journalists reported story after story about how business was down, as federal workers were laid off and national parks closed. The estimates are that even though the shut down only lasted 16 days, it cost the economy $24 billion.

We need government spending and investment to get the entire economy moving forward. When families are back at work with decent wages, government tax revenues will rise and spending on social supports will fall. That’s when government can reduce spending without slowing down the economy.

During the past two years we’ve reduced the deficit by half, close to 2008 levels. That may sound like it’s a good thing, but it’s really the biggest reason the economy is so lackluster for the vast majority of Americans with a near-record-high in unemployment, stagnant wages, and a smaller proportion of Americans working than any time in the past 30 years.

We’ve also cut all the wrong things: spending that puts money in people’s pockets today and investments in our economic future. We’ve cut spending on education, unemployment insurance, environmental protection, and scientific research. Our public investment, which includes annual government programs and spending on roads, bridges, transit, research, and development is actually the lowest it’s been as a share of the economy in 60 years.

What if we’d taken a different course during the recession? How about rather than cutting spending after an initial stimulus, which avoided a second great depression by saving three million jobs, the government had kept at it?

History shows that if we have continued the levels of spending normally done after recessions, we would have spent some $800 billion more than we did, and the overall economy (and not just the stock market) would be back to the same level today that it was before the recession hit.

In short, the argument that the government must live within its means to protect our children’s future is backwards. Averting deficit spending now means starving our children’s present and their future. More parents will have to struggle to get by, fewer good jobs will be created, education will suffer, and today’s college students will stumble into their careers saddled with huge debt loads.

And our infrastructure will keep crumbling and research will dwindle, making it harder for our businesses to compete in the global marketplace.

There are ways we can reduce the deficit without slowing down the economy very much, if at all. That is by looking at the other truth about the cry that “we’re broke.” In fact, we have been robbed.

When Uncle Sam gives big corporations tax breaks to move jobs overseas, we’ve been robbed. When Washington taxes billionaires at a lower rate than their secretaries, we’ve been robbed.

To get the country moving again, Congress needs to reverse direction and increase spending on vital services and investment.

That means reversing the budget cuts on domestic spending already in place and stopping any more sequestration cuts on vital services for our families. And raising taxes on the wealthy and huge corporations, which have been gaming the system at our expense.

Instead of obsessing about the “need” to cut government spending, our leaders should be figuring out how best to stimulate the economy to provide both a better today and future for our children.


Richard Kirsch is a senior fellow at the Roosevelt Institute and the author of Fighting for Our Health: The Epic Battle to Make Health Care a Right in the United States. He’s also a senior adviser to USAction. USAction.org.  Distributed via OtherWords. OtherWords.org.  Cartoon Credit:  Attack of the Budget Slashers, an OtherWords cartoon by Khalil Bendib.

2012-11-23: What I’ve been reading

Mexico Officials: Allowing GM Corn Will Devastate Crops

Lisa Garber, News Report: None of us here likely know who Bill Gates truly is at the end of the day. But let’s be frank: at best, he’s yet another one of the billions funding biotech and Big Ag propaganda. Does he truly believe that genetic modification comes without consequences. At worst, however, Gates, Monsanto, DuPont, and Dow simply do not care that farmers across the world commit suicide in the thousands after going bankrupt thanks to overpriced, ineffective GM seeds.

Go Ahead, Talk Religion and Politics at the Table

Robert Jensen, Op-Ed: It’s difficult not to take disagreements about sexual behavior personally, but we can cultivate the ability to consider not just our own choices but the social consequences. For example, on the contentious subject of pornography, instead of immediately defending or condemning the use of sexual material, we can ask: “What stories about sex and intimacy does pornography tell, and what is the effect of those stories?” That opens up the conversation.

Why So Secretive? The Trans-Pacific Partnership as Global Corporate Coup

Andrew Gavin Marshall, Investigation: Dubbed by many as “NAFTA on steroids” and a “corporate coup,” only two of the TPP’s 26 chapters actually have anything to do with trade. The agreement stipulates that foreign corporations operating in the United States would no longer be subject to domestic U.S. laws regarding protections for the environment, finance or labor rights, and could appeal to an “international tribunal” which would be given the power to overrule American law and impose sanctions on the U.S. for violating the new “rights” of corporations.

Incidents Raise Suspicions on Motive: Killing of Journalists by US Forces a Growing Problem

Dave Lindorff, Op-Ed: The ruthlessness of the slaying of journalists was exposed for all to see when the whistle-blower outfit Wikileaks released the now famous video it obtained from the gunsight camera of a US helicopter, whose crew opened up with machine gun fire on a group of men and two children in a Baghdad square. Two of those killed were cameramen working for Reuters. One of the two was literally hunted down and machine gunned after, already gravely wounded, he tried to crawl away, unarmed, to safety. The crew could be heard laughing as they killed him.

Change? Learn? Compromise? Grow? Not These Republicans

Joe Conason, Op-Ed: Republican leaders also seem inclined to ignore voter sentiment on the issue of taxes, despite majorities of 70 percent or better that agree the rich should pay more (including many voters who identify with the GOP). Rep. Mike Pence, who will become the governor of Indiana next January, told the Republican governors that he remains firmly opposed any tax increase, especially on "those in the best position to put hurting Americans back to work,”

Amy Goodman | In Gaza, It’s the Occupation, Stupid

Amy Goodman, Op-Ed: “The Palestinian people want to be free of the occupation,” award-winning Israeli journalist Gideon Levy summed up this week. It is that simple. This latest Israeli military assault on the people of Gaza is not an isolated event, but part of a 45-year occupation of the sliver of land wedged between Israel and the Mediterranean Sea, where 1.6 million people live under a brutal Israeli blockade that denies them most of the basic necessities of life. Without the unwavering bipartisan support of the United States for the Israeli military, the occupation of Palestine could not exist.

10 Things Progressives Can Be Thankful For

News Report: We’re thankful for the advocates who protected our right to vote. The past few years saw a raft of new voter suppression laws and tactics, but most of the worst laws were blocked at least temporarily by the courts or repealed by lawmakers. The challenge going forward will be to maintain these victories as litigation in several of these cases continues and the U.S. Supreme Court considers a challenge to the Voting Rights Act.

Jim Hightower | Lord Help Us – Bosses Gone Berserk

Jim Hightower, Op-Ed: The sky is falling! The end times are upon us! It’s all over for America! And it’s all because of you execrable voters. This is the wretched wail of a few corporate chieftains who claim to be somewhere between flummoxed and furious that Barack Obama is back in the White House. With his diabolical Obamacare and tax-the-rich attacks on us wealthy job creators, they moan, this president is out to destroy American business. "There’s a tsunami coming," cried one, so we must save ourselves.

Gaza Is A Pawn: Iran Is a Prize

Thomas Magstadt, Op-Ed: “None of the dead was the person the Israeli Defense Force said it was trying to kill when it struck the Dalu family house. It’s not clear that they had anything to do with him.” This is how Amy Davidson writing in the New Yorker describes one incident in the latest war between Israel and Gaza. It is a cliché to call it a tragedy, but what is missing in the reporting and what passes for mainstream “news analysis” is not the tragedy, but the travesty. The story line does not start or end with the status of Gaza or the Israeli settlements on Palestinian lands.

Homeland Security Has Spent $430 Million on Radios Its Employees Don’t Know How to Use

Theodoric Meyer, News Report: Getting the agencies responsible for national security to communicate better was one of the main reasons the Department of Homeland Security was created after the Sept. 11, 2001, terrorist attacks. But according to a recent report from the department’s inspector general, one aspect of this mission remains far from accomplished. DHS has spent $430 million over the past nine years to provide radios tuned to a common, secure channel to 123,000 employees across the country. Problem is, no one seems to know how to use them.

President Obama Reelected – But Where Is the Pathway to Good Jobs?

Amy Dean, Op-Ed: With Barack Obama’s reelection last night, we witnessed the labor movement once again, as in every successful Democratic presidential race in recent decades, saving the president. Its ground troops and financial backing provided the bulwark to shore up Obama’s lead against Romney. By aiding in Obama’s victory, unions helped avert the crisis that the election of Romney/Ryan would have represented—an attack not only on organized labor, but on women’s rights and the whole of the social safety net.