Posts tagged ‘Bush tax cuts’

May 6, 2012

Random Musings

As you’ve heard Paul Ryan had a very bad week.  First, he felt compelled to renounce patron saint Ayn Rand’s Objectivism, the wrong-headed notion that selfishness and greed are mankind’s greatest virtues.

Medicare

The new Master of Disaster.  Henry Aaron, Inventor Of Paul Ryan’s Medicare Reform Concept, Explains Why It’s Wrong.  At Huff Post.

And then the guy who devised his plan to destroy Medicare said, in so many words, that the whole thing was bullshit.  Of course, most of us already knew that.  Except for the mainstream media who wouldn’t know bullshit in a cow pasture.

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You may have read about the Rev. Sean Harris, a North Carolina preacher who advocated beating kids who may show homosexual tendencies.

Actually, the pastor of Berean Baptist Church is just being kind to kids.  A little punching around is no big thing compared to what The Bible commands of the fundamentalist.

“For every one that curseth his father or his mother shall be surely put to death…”  (Leviticus 20:9).  I can’t wait to hear the pastor’s sermon on that verse.

File:Moses speaks to the children of Israel.jpg

Moses:  The man to whom God handed down the laws we can now read in the Old Testament.

Fortunately for all of us, the law of man supersedes the will of God, at least as it is interpreted and handed down to us by radical fundamentalist Christians.

In the same vein, the kids of Judson Baptist Church in New York City sent “Cards of Hope”, a message of tolerance, to the members of the Fayetteville, NC church.  A nice gesture on their part but it isn’t likely to help.

Read the Article at HuffingtonPost

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The next time a pretty gal asks if I have the time, I think I’ll say “Not at the moment, but maybe in an hour or so.

Now such an answer will probably piss her off royally, in which case I’ll explain that my watch is at the jewelers for repair.  It should be ready in about an hour and then I’ll have the time.

My luck, she’ll wait and want five hundred bucks for her time.

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Time is a funny thing.  Einstein tells us that we all exist in a space-time continuum.  Now I have no problem with the space part of that theory.  You can look up at the sky and see space day and night.  Also, believe it or not, humans have the ability to create space.  Just go out to the garage, move a few boxes, throw away a few pieces worthless junk you’ve been saving and, viola, you’ve created space.

But you can’t go into a closet, remove a few boxes and create time.  Time just doesn’t work that way.

So I’ve been thinking about ways human beings can create time.  Einstein also tells us that the faster we travel, time slows down, until we reach the speed of light, in which case time stops completely.  Yep.  That’s right, it flat out stops.  No more time.  So in that situation, when you wife asks you to do your chores, you can truthfully say “Sorry, honey.  I don’t have the time.”

Another funny thing about time is that very few human beings actually have the exact time.  If you need the exact time, you have to place a phone call to the United Kingdom to a small town named Greenwich where the exact time is measured at the Royal Greenwich Observatory.  The United States Naval Observatory, as well as several other institutions, also keep the exact time, down to several millionths of a second.  And when all of these time clocks differ due to variances in the force of gravity, an average time is calculated.  So precise are these time measuring devices that, when it becomes necessary, leap seconds are added to a year.  The next leap second will be added on June 30, 2012 on which day there will occur a minute with 61 seconds or, dare I say it, a leap minute.

Aerial view of the U.S. Naval Observatory.

Aerial view of the U.S. Naval Observatory. (Photo credit: Wikipedia)

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We got tax cuts from Bush and tax cuts from Obama and then pumped them straight into the gas tank.  The next time somebody says the rich got most of the tax cuts the response should be “No, they got all of the tax cuts.”  And if there should be another cut, they’ll get that one too, all of it.

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Supply side economics – the greatest and most evil Ponzi scheme of all time.  It’s based on the ridiculous idea that if you give rich people enough of the hard earned money of working people, the rich will create even more jobs and pay hard working people even more money.  Such an idea is, of course, unmitigated balderdash.  But unfortunately for most of us, just enough poor people fall for the scam to make life miserable for millions upon millions of Americans.

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How are all those tax cuts for the “job creators” working out, by the way?  Not so good it would appear, at least judging by the latest anemic jobs report.  And the jobs that are being added are at the lower end of the economic scale.  “Would you like cheese on that burger, sir?”

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State governments, mostly under the rule of Republican governors and legislatures have fired more than 600,000 hard working employees.  The loss of these government jobs is an offset to stimulus, works against economic growth and contributes greatly to the Great Recession.  Well, they’re Republicans.  What did you expect?

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Worth repeating.  We here the droll repetition of how the Social Security fund is going broke.  Everyone should know by now that such a statement is beyond propaganda.  It is an open, bald faced lie.  Any columnist, pundit or TV host or commentator or corrupt politician who repeats that statement in any form is lying and he (or she) knows he is lying.

Social Security is not going broke.  In fact, it is resting on a 2.7 trillion dollar trust fund – a fund that consists of the safest investment on the planet and that is US Treasury bonds.

In about 25 years the fund will come up short but will still be able to pay 75 to 80% of all benefits.  And those benefits will be larger than they are today because of increases to offset inflation.

Now here is an even greater lie regurgitated by DC media puppets:  That in 75 years the fund will accrue a 7 trillion dollar debt and that such a debt is unsustainable.  Of course, that is media hogwash.  The debt is easily sustainable and readily fixable.  Raising the salary cap and a small fee on stock transactions would more than offset a 7 trillion dollar debt and by taking these small actions, the fund would pay 100% of its obligation in perpetuity.  And that’s the scary part for the Social Security haters.  The window to destroy the program is closing.  SS must be demolished in the next ten or so years or people will come to realize that it is easily sustainable forever.

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Now let’s look at something the media marionettes are forbidden to repeat.  In 75 years, the Bush tax cuts will cost the nation 14 trillion dollars – twice the amount of the Social Security shortfall.

Now, want to hear a truly startling figure.  The projected cost of war spending 75 years out is forecast to be in the neighborhood of $90 trillion dollars.

Taken together, the Bush tax cuts and the war spending will cost the nation more than 100 trillion dollars over the next 75 years.  Talk about an unsustainable figure!!!!!

No!  Better not talk about it, at least if you’re a media marionette.  Because someone in the executive suites will cut your strings and you’ll be fired.  And you can bet your sweet little ass on that.

April 29, 2012

The DC Folly Trolley

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.

File:Laughs.gif

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.

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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.

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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.

Read the Article at HuffingtonPost

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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.

An image of John Boehner at the AT&T National ...

Boehner doing what he does best. An image of John Boehner at the AT&T National golf tournament, July 2009. (Photo credit: Wikipedia)

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.

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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.

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Don’t look now, but Paul Ryan, the author of the Republican disaster budget, has disavowed the philosophy of his patron saint Ayn Rand.

File:Ayn Rand.svg

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.

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