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Quick Hits From The Internets – Don’t Inhale!

The tides have turned for the GOP in the house. I’m thinking landslide in 2012 for Democrats.

From the WTF wire, Virginia teacher holds mock slave auction. Woe….I’m stunned.

Multiple Bankruptcy anti-mogul Donald Trump says he will run as an independent if the GOP doesn’t fawn over him. Bring it on, hair-boy!

When conventional wisdom collides with reality, Governor Christie isn’t that popular and not many even know who the hell he is.

And it turns out all the preemptive whining on the left was for naught, of course. JM Ashby at Bob Cesca’s pad has the story.

April 12, 2011 Posted by | General, Politics | 3 Comments

Reverse Robin Hoodism – Take From The Poor, Give To The Rich!

It is astounding how blatantly the Republican party is giving massive amounts of money to the richest people in our country while asking for “sacrifice” from the poorest and most needy. As I said in a previous post, at some point the separation between the rich and poor will be so great, there won’t be anyone to buy their freakin products or services. A basic macro-economics class would tell them that you need demand in the supply/demand equation. Unfortunately if we were to ever get to the point where they learn that lesson, it will be too late. The stupidity that resides in the Republican party…and there is way too much in the Democratic party too…makes America look like a bunch of idiots to the rest of the world. We have to change that in 2012, bigtime.

It isn’t just our national politicians who are raping the poor, women, children, students and the disabled. As we all have been watching, Republican governors are taking it to extremes. Scott Walker of course is the most visible in the national media, but Rick Snyder in my state of Michigan, John Kasich in Ohio, Jan Brewer in Arizona, Rick Scott in Florida, Chris Christie in New Jersey, Rick Perry in Texas…am I missing someone. Think Progress has some details for us…

Arizona

…Governor Jan Brewer is proposing to kick some 280,000 Arizonans, mostly childless adults, off the state’s Medicaid rolls. Brewer claims such a move is the only way to get the state’s fiscal house in order, as it would save $541.5 million in general funding spending…

…Instead of balancing out these draconian cuts with additional revenue increases or simply not making the cuts in the first place, Brewer instead signed $538 million in corporate tax cuts into law two weeks ago.

Florida

Last week, Gov. Rick Scott announced that he was canceling a proposed high-speed rail line between Orlando and Tampa — something that will cause Florida to forego $2 billion in federally-funded investments and cost the state at least 24,000 jobs…

…Such deep cuts in essential programs and services are necessary to offset Scott’s proposal to cut corporate and property taxes by at least $4 billion.

Michigan

…As Matt Yglesias has noted, Snyder has an innovative definition of “shared sacrifice.” His plan calls for “$1.2 billion in cuts to schools, universities, local governments and other areas while asking public employees for $180 million in concessions.” In addition, it would raise taxes on individuals by ending many deductions and taxing pensions — all in order to pay for $1.8 billion in tax cuts for businesses. Since the state’s entire budget shortfall this year is only about $1.7 billion, all or most of the cuts to services and programs important to the poor and middle class (many of whom will also see their taxes increases) could be avoided if the governor was willing to forego corporate tax breaks.

New Jersey

…After vetoing Democrats’ plans to raise taxes on New Jersey’s millionaires, Christie closed the state’s multi-billion dollar shortfall through a combination of measures, including simply refusing to make contributions to the state’s pension fund and steep cuts in education funding and assistance to municipalities.

…Christie is also being sued by Federal Transit Administration for keeping $271 million in federal funding for a tunnel under the Hudson — money he insists on keeping even after having personally canceled the project.

…The austerity measures and cuts to programs for the poor will have to be all the deeper this year as Christie is also insisting on cutting corporate tax rates.

Ohio

Gov. John Kasich demonstrated an early propensity for making future-losing choices when he made good on a campaign promise to kill Ohio’s federally-funded high-speed rail project — a move that will cost Ohio $400 million in badly-needed infrastructure investment, cost thousands of jobs, and derail millions of dollars in related private sector investments in economic development. Kasich, along with numerous other Ohio Republicans, has signed the Americans for Tax Reform pledge that rules out any tax increases to help the state make ends meet. Even though the state has an $8 billion budget shortfall, Kasich has gone even further in proposing a variety of tax cuts that would benefit corporations and the wealthy.

Texas

In facing down a $25 billion budget crisison par with that of California, Perry categorically rejected any tax increases. Texas, as Paul Krugman said, already takes a “hard, you might say brutal, line toward its most vulnerable citizens,” as indicated by its poor educational performance and sky-high 25 percent child poverty rate.

…Perry also refuses to use any of the $9.4 billion in the state’s rainy day fund (some of which, ironically, comes from stimulus funds intended to help states stave off draconian cuts that Perry instead squirreled away) and is instead contemplating deep cuts to child services programs and education, among other things. Perry even floated a plan to drop Medicaid entirely. Perry’s proposed education cuts are so deep that they prompted an unlikely source to take to the pages of the Houston Chronicle to write in opposition to them — none other than former First Lady Laura Bush.

Wisconsin

Walker is of course now famous for his high-stakeswar against Wisconsin’s workers. Walker has used a very small short-term shortfall and larger shortfall to come (which is still smaller than shortfalls the state has faced in recent years) to move forward with an unpopular plan to destroy the state’s public employee unions.

…Walker is also late in offering his budget, but it is believed that in spite of the supposed “crisis” and being “broke,” as Walker himself has said, his budget plans will include “a LOT more tax breaks” for the rich and corporations that will have to be balanced on the backs of workers or with painful cuts to state services and the state’s Medicaid programs, BadgerCare.

Do you see the underlying theme here? Give tax breaks to corporations and wealthy people, cut programs from those most in need. They aren’t even trying to hide it, I guess they are still riding the wave of “President Reagan’s Supply Side Cavalcade of Fun and Trickling“. They firmly believe in it, although every single measure of success of supply side economics shows that is was a monumental failure. But when someone has been brainwashed since birth to believe in it, reversing the cult of Reagan is no easy task. When President Reagan’s budget director, David Stockman, pans your budget plan, you know you are way out in right field.

April 12, 2011 Posted by | Budget, Democratic Party, Economy, Politics | 6 Comments

Melissa Harris-Perry Tells It Like It Is On The Budget

Last Word – Melissa Harris-Perry, posted with vodpod

 

April 12, 2011 Posted by | Budget, Democratic Party, Politics, Republican Party | | 3 Comments

   

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