Wednesday, January 26, 2011
Republicans Economic Policy: Take from the poor and middle class and give to the rich
Cut Spending -- When Republicans talk about cutting spending they're not talking about that welfare program for corporations and the rich called the Defense Budget. They're not talking about ending the military adventures overseas. They're not talking about cutting subsidies for huge agribusiness like ethanol. And they're not talking about the hugely expensive and failed War on Drugs that has left America with dubious distinction of having the highest incarceration rate in the entire world.
No, they're only talking about cutting "entitlements." Republicans would steal from the middle class by taking money they've spent their working lives paying for through payroll deductions for Social Security and Medicare.
Actually the money has already been stolen. Republicans and Democrats have spent the money that was put aside to pay for the Baby Boomers' retirement. That money was supposed to be held in a trust fund, but both parties raided the trust fund to cover short-term budget shortfalls because they couldn't be honest about budget deficits. But only Republicans are now proposing to resolve this problem by cutting benefits that mean the difference between poverty and security for the middle class in retirement.
Tax breaks are good for the economy -- Tax breaks add a huge additional debt burden, but that kind of debt is OK by Republicans because they have fought for and won tax cuts that are heavily weighted towards the wealthy.
Republicans claimed that extending the tax cuts would be a good way to stimulate the economy but that's simply not true. Most of the tax cuts go to high-income households, and they don't spend as much of their income as the middle class and the poor. The government could more effectively stimulate the economy by only cutting taxes for the middle and lower classes and using the money for aid to the states, extensions of unemployment insurance benefits and tax credits favoring job creation. Dollar for dollar, each of these measures would have about three times the impact on GDP as continuing the Bush tax cuts.
Republicans want to eliminate Social Security and Medicare
Phase one was to "starve the beast" by cutting taxes while at the same time spending so much money that budget deficits and the interest on the debt cause a crisis that cannot be ignored. That has already been accomplished.
Phase two is to propose massive cuts in Social Security and privatization. The amount of guaranteed retirement income would be reduced to a pittance, and folks would have to invest in the stock market and accept the risks involved. This would be a great boon for Wall Street speculators as they fleece millions of unsophisticated investors out of their retirement money.
Republicans are also now proposing vouchers for Medicare so that people could supposedly buy health insurance on their own. Another "free market" solution by Republicans that sounds promising till one examines the details. The vouchers would start out being totally inadequate, and according to the schedule proposed by Republicans, the value of Medicare vouchers would eventually dwindle down to almost nothing.
Another blog post by Ken Padgett
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Friday, January 21, 2011
House Republicans focus on politics over substance
Another blog post by Ken Padgett
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Sunday, January 9, 2011
The Tucson Tragedy
The Tucson Tragedy
Where do we go from here?
The far right has been trying to inoculate itself against any criticism of its role in stirring up anger and hatred to unprecedented levels in the past 20 years. We've all seen the rallies with nasty signs, the faces contorted in anger, the display of weapons, and we've heard the vitriolic spew from Tea Partiers and others on the far right who claim Democrats are destroying America. The fires of hatred are being stoked daily by far right talking heads on radio and television, the blogosphere and through chain emails.
Some on the Left did speculate on the motivations of the Tucson murderer without any evidence whatsoever, except for the fact that the intended victim was a Democrat and a supporter of immigration reform. That was wrong, but it was also somewhat understandable given the way cable news operates after a breaking story of such magnitude.
However the Right has seized upon this as an excuse to claim that they were being victimized and are still being victimized whenever anyone says anything about the unpleasant tenor of political debate. They are trying to stifle any discussion of the desirability of perhaps dialing it back some. They don't want anyone talking about "Don't retreat, reload" or "Second Amendment remedies" or "We came unarmed, this time" and the like so they have been using their favorite tactics in times like this:
1. Deny that words have consequences -- as if the entire advertising
industry has been wasting its money.
2. Claim equivalency (falsely) by trotting out a few examples of
intemperate speech by the Left -- as if there was any comparison between
a few (or even a lot of) remarks that the Left shouldn't have made and
the tsunami of right wing hate speech that washes over America every
single day.
3. Claim they are being victimized by the Left and their allies in the
mainstream media
The Right's political strategy has always been quite clear:
Keep Americans fearful and:
They will vote for Republicans.
They will support tax breaks for business and the rich
They will support more funding for the military-industrial complex
They will support wars of aggression
They will support torture and other violations of human rights
They will support more cops, more prisons, more domestic spying...
Because the Right benefits so much from hateful speech and the anger it stokes, they will always shout down any attempt to discuss its negative consequences and they will divert attention with false equivalency arguments. However this time they may be going too far. Fox News and the rest of the far right propaganda machine has been pumping out a steady stream of talking points of denials, false equivalency arguments, and victimization claims, and those talking points have been reverberating in the echo chamber to a degree that is almost unprecedented. This gross overreaction may well be what undermines the entire effort.
Another blog post by Ken Padgett
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Thursday, January 6, 2011
Ken Padgett's Blog
Padgett created his first personal web site in 1997 and his first business web site in 2000. Since then he has become a very successful internet entrepreneur.