How did we go from healthy surpluses to terrible deficits? It's not that complicated. In 2001, President Clinton left office with a $236-billion surplus. The nonpartisan Congressional Budget Office foresaw a 10-year budget surplus of $5.6 trillion, enough to erase the national debt by 2011. It didn't work out that way.
Instead, under President George W. Bush, wars were launched in Afghanistan and Iraq without paying for them. The cost of those wars, estimated at up to $6 trillion, was tacked onto our national credit card. Then Congress passed and Bush signed an expensive prescription drug program. It also was not paid for. Then Bush and Congress handed out big tax breaks to the wealthy and large corporations. That drove down revenue. So did the recession in 2008, which was caused by a deregulated Wall Street. All that turned big surpluses into big deficits.
Interestingly, today's "deficit hawks" in Congress — Rep.Paul D. Ryan (R-Wis.), Sen. Jeff Sessions (R-Ala.) and other conservative Republicans — voted for those measures that drove up deficits. Now that they're worried about deficits again, they want to dismantle virtually every social program designed to protect working families, the elderly, children, the sick and the poor.
In other words, it's OK to spend trillions on a war we should never have waged in Iraq and to provide huge tax breaks for billionaires and multinational corporations. But in the midst of very difficult economic times, we just can't afford to protect the most vulnerable people in our country. That's their view. I disagree.
So where do we go from here? How do we draft a federal budget that creates jobs, makes our country more productive, protects working families and lowers the deficit?
For a start, we cannot impose more austerity on people who are already suffering. When 95% of all new income between 2009 and 2012 went to the top 1%, and while tens of millions of working Americans saw a decline in their income, we cannot cut programs that working families depend on.
Instead of talking about cuts in Social Security, Medicare and Medicaid, we must end the absurdity of corporations not paying a nickel in federal income taxes. A 2008 report from the Government Accountability Office found that was the case with 1 in 4 large U.S. corporations. At a time when multinational corporations and the wealthy are avoiding an estimated $100 billion a year in taxes by stashing money in tax havens like the Cayman Islands, we need to make them pay taxes just as middle-class Americans do.
You know the thing that never stops irritating the crap out of me is that we always allow the Republicans to define the debate. Even when we stand up to them we are always in a position where we have already acquiesced to most of their demands. (See Sequestration.)
I think we need to stop playing defense and start taking the fight to them. In fact I think we have to!
I do realize that Bernie Sanders is in a VERY safe district in Vermont and therefore is allowed to speak his mind with impunity, but I also know that if we were able to effectively explain to the American people what is REALLY going on these days we would start to gain ground politically and over time hopefully change the discussion to make it more factually based.
I say that after Hillary gets elected she drafts her husband, Bill Clinton to a newly formed Cabinet position, the "Czar of explaining stuff to the American people."
"Put me in Hil, I got this." |
Sound good?
About the time Hans Blix and the U.N. investigators were telling the world that there was nothing to be found in Iraq that was of threat to the United States, I remember also reading that fully half of the population of Iraq was under the age of 14.
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Maybe that's why any picture I encounter of Bush standing in a church starts to have an emetic effect. If he, Cheney, Rumsfeld, that whole murderous crowd, really did imagine facing an accounting in some next life, would any of them ever be able to sleep again?
dvlaries...No they would not, but unfortunately they seem to be doing just fine. It makes me feel ill...
DeleteHell yeah, it sounds good!
ReplyDeleteI don't think I really want Bill Clinton in his wife's administration, should she ever be elected president.
ReplyDeleteWhy? Well, the inconvenient little fact that this out-of-control horndog throught sticking a cigar up a WH intern's vagina and then lying under oath about it was worth risking his presidency for. When Hillary WAS running for the nomination in 2008, Bill repeatedly sabotaged her. It was obvious he could not handle the possibility that she might outshine him.
Yes, Bill gives a good speech and his intellect is very impressive. But, just as when he was president, I don't trust him and his ego as far as I can through them, and I wouldn't trust him not to sabotage his wife's presidency.
You know, all men who run for President have huge egos (except Obama...he is so different on so many levels.) While what Clinton and Lewinsky did was not cool, she WAS an adult, and she did pursue him. They never had intercourse, and he was not derelict in his duties. It was nobody's business really. And the irony is that the head cheerleader for impeachment was Gingrich, who was married and having an actual affair with his own aide at the time.
DeleteI think Bill is a brilliant man, who connects with people. He has done a world of good since he left office. Hillary would be dynamite as POTUS, and we would be lucky to have her. There is no one out there with her world knowledge, her grasp of domestic and world affairs, and her ability to work with people. I hope she runs.
+1
Deletei'm in total agreement -
ReplyDeletealthough another ' item' i'd like to see pursued and implemented is rescinding this gawd damned tax exempt status on the church - any of 'em, all of 'em ..
Oh, and on the NFL..did you realize they are 'non profit' according to the IRS?
DeleteIt so needs to happen. Look at the "Bling" priest in Germany - money from the poor to purchase his "castle" build him a "stand up bathtub" for millions and a chapel for more millions. WTF?
DeleteMinor point, G.
ReplyDeleteSanders is a US Senator from Vermont, so he represents the state of Vermont in the Upper House of Congress, not just a portion of the state in a district. It is a very small state geographically as well as in population, but Sanders plays a role as a national voice for all of America, rather than kowtowing to the powers of either party.
I have much admiration for him as the conscience that both major parties seem to have forgotten in favor of partisanship. Because of the fact that he's not a suck-up to the rich and powerful who have had the largest wealth transfer in the history of our country in the past decade, his chances at being elected to President are somewhere between unlikely and none. His voice is muted by the scorn of the plutocrats through a compliant media, one that the conservative and liberal talking heads choose to ignore for their own similar corporate interests.
Just my opinions but I have watched him be excluded from center stage for years now. If the rank-and-file Democrats are truly concerned about the soul of our nation, they would put party identity aside in favor of ideas. But he would be a lightning rod for criticism by the Republican middle class conservatives, who march to the beat packaged as " conservative values" which is echoed by their corporate masters as a matter of loyalty to the .0001% who write their script.
O/T but related to a post a couple of days ago here at IM.
ReplyDeleteI got an unsolicited text out of the blue today from someone who texts me to say hi about once every couple of months that seemed worthwhile to share. I hope she verified her source for the attribution.
"There are only two ways to live your life. One is as though nothing is a miracle . The other is as though everything is a miracle ."
--Albert Einstein
I admire Mr Sanders, he's always marched to the beat of a different accordion and speaks the truth. The GOP seems to have no memory at all about the eight years of the GWBush Presidency. Just stop for a moment and think of what GOOD a President Obama could accomplish with a 236 billion dollar surplus And no Iraq War Vendetta against the man who tried to kill GW's Daddy?
ReplyDeleteI don't remember a lot about Clinton's terms and have not had the chance to read about them. I believe it was he who was responsible for NAFTA though. A disaster for this country in my opinion. I also believe the Welfare To Work was Clinton's. I don't like that either but I am heavily influenced by Michael Moore so I could be judging him a little to harshly.
ReplyDeleteTexasMel
The GOP is definitely the problem - a Clinton is not the solution
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