The Bush tax cuts will cost the nation $14 trillion dollars over the next 75 years. Military spending – if it is not sharply curtailed – will cost nearly $80 trillion dollars and possibly more.
The Bush tax cuts and his wars have created a deficit that may yet destroy the nation’s economy – beyond the damage they have already done. The tax cuts alone are projected to cost the nation $14 trillion dollars over 75 years. To put that figure into perspective, the Social Security shortfall is set at only $7 trillion dollars over 75 years and the program is expected to pay 75 to 80 percent of promised benefits despite the shortfall.
Those two figures taken together – tax cuts and war spending – dwarf the Social Security shortfall of $7 trillion dollars over 75 years.
So what is all the panic about: The nearly $100 trillion dollars of wasteful spending on war and tax cuts or the $7 trillion dollar easily manageable shortfall in Social Security?
Well, if you believe the hogwash being fed to you by right wing extremists and most of the media (that is, the 1%) about the deficit being caused by Social Security, you are being hornswoggled like never before in the nation’s history.
We all know the answer to the deficit problem. Cut war spending and end the tax cuts.
According to Robert Naiman posting at Common Dreams, the currently proposed trimming of war spending would alone cover the Social Security shortfall.
And, of course, single payer is a permanent fix to the health insurance dilemma the nation now faces.
If you believe the hogwash spewing forth from the 1%, you are ill-formed or very rich. And to be fair, many of the very rich don’t believe it for a minute either.
Semi-influential Fox News pundit Moncia Crowley tweeted an apology to Sandra Fluke after the Newser inferred that Fluke might be a lesbian.
On Fluke’s engagement Crowley clawed “To a man?”
Here is the apology she tweeted:
“Regret my tweeted question caused a stir. I certainly & unequivocally apologize to Sandra & anyone else I offended. Not my intention,” as published by Huffington Post.
Nice apology. The comment is revealing nonetheless.
Here is a bulletin from the UPW Newsroom: John McCain is still hanging around Follyland. He issued a statement accusing President Obama of playing politics with the anniversary of Osama bin Laden’s death. This nonsense spews from the man who played the prisoner of war card relentlessly.
John, don’t forget to pick up a loaf of bread on the way home.
Obnoxious as ever, House Republicans passed a bill no reasonable person would sign off on.
Republicans will never vote against a measure that helps the 99%. They will always pass a bill designed to fail, however. This practice is a common tactic among the GOP and should expose their hypocrisy for all to see. Unfortunately, too few pay attention and that’s what the Republicans count on.
So the Repubs don’t want the interest rate on student loans to double. They just want to pay for the difference by gutting preventive health care programs, many of which provide vital care to women, by another $6 billion dollars.
Meanwhile, Speaker John Boehner says on CNN’s infotainment show that the cuts proposed by the GOP bill do not represent another assault in the Republican War On Women.
In fact, the House bill represents not only a War On Women, but now a War On Students.
And this from the New Jersey Hippodrome: Chris Christie sorta, maybe called Democrats in the NJ legislature liars. Critical of a Dem plan to pass a 20% tax credit, he said “They’re lying to you. It’s the oldest scam in the book.”
Christie wants 10% tax cut – one that would accrue mostly to the rich – while at the same time increasing property tax rates – a tax that would fall heavily on the middle class.
The gov from NJ has demonstrated once again that he has a one-size-fits-all right wing hippo mouth along the lines of Limbaugh, Beck, Savage et al.
Don’t look now, but Paul Ryan, the author of the Republican disaster budget, has disavowed the philosophy of his patron saint Ayn Rand.
Sadly for this lady, we now realize she got it all wrong. Most of us do anyway.
Apparently, Randian mythology is beginning to fall out of favor. Once considered a philosophy, Rand’s Objectivism espoused unbridled capitalism and individual greed as foundations of human society. More and more Rand’s writings are being recognized for what they really are: The rantings of a disturbed misanthrope.
I guess such ideas have to be pushed into the background when a depraved politician such as Ryan begins sniffing the air for a vice presidential nomination.
- Social Security and Medicare: Behind the Numbers and the Spin (crooksandliars.com)
- The simple Social Security fix no one wants to talk about (washingtonpolicywatch.org)
- Goverment Deficit Really $2.7 TRILLION MORE – Social Security Sound (dewgeneral.wordpress.com)