Tag Archives: GOP

ThinkProgress » House GOP Says ‘So Be It’ To Taxpayers, Votes Unanimously to Protect Big Oil Subsidies

Anyone still doubt the GOP- and most of Congress- is bought and paid for by special interests?

House Republicans voted in lockstep this afternoon to protect corporate welfare for Big Oil, even as they call for draconian cuts to programs that everyday Americans depend on each day.  As the House of Representatives moved toward approving a stopgap resolution to avert a government shutdown for another two weeks, Democrats offered a motion to recommit that would have stripped the five largest oil companies of taxpayer subsidies, saving tens of billions of dollars in taxpayer funds.  The motion failed on a vote of 176-249, with all Republicans voting against (approximately a dozen Democrats joined the GOP). A similar vote two weeks ago to recoup $53 billion in taxpayer funds from Big Oil was also voted down, largely along party lines. The former CEO of Shell Oil, John Hoffmeister, recently said Big Oil doesn’t need subsidies “in face of sustained high oil prices.”  From 2005 to 2009, the largest oil companies have made a combined $485 billion in profits.

via ThinkProgress » House GOP Says ‘So Be It’ To Taxpayers, Votes Unanimously to Protect Big Oil Subsidies.

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Filed under Energy, Oil Dependency, Politics, The Economy

Eric Cantor Dismisses Report That GOP Plan Would Cause Job Loss

These people are criminally misguided, at best….

More likely, they don’t want an economic recovery in hopes it will make it easier to beat President Obama next year…

And they certainly don’t want more Public Employees…

Another possibility is that they are simply evil….

WASHINGTON — Two weeks after House Speaker John Boehner (R-Ohio) dismissed a question about the possibility of the lower chamber’s spending bill killing government jobs with the words “so be it,” Majority Leader Eric Cantor (R-Va.) offered similar sentiments.

The Republican plan to cut $61 billion from current spending levels would take a heavy toll on employment, destroying 700,000 jobs by 2012, according to an independent economic analysis by Mark Zandi of Moody’s Analytics. The study, released on Monday, predicted that the GOP bill would slow economic growth by 0.5 percentage points this year.

In his weekly Capitol briefing with reporters, Cantor acknowledged that the Republican stopgap budget bill, known as a continuing resolution or CR, might increase unemployment. But he argued that the government should not be creating jobs if that means creating greater deficits.

via Eric Cantor Dismisses Report That GOP Plan Would Cause Job Loss.

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Filed under Politics, Tea Party, The Economy

Robert Reich: The Republican Shakedown

Absolutely brilliant, honest and true article from Robert Reich over at the Huffington Post…

Please click the link at the bottom and read the whole thing…

It’s worth it…

The truth is that while the proximate cause of America’s economic plunge was Wall Street’s excesses leading up to the crash of 2008, its underlying cause — and the reason the economy continues to be lousy for most Americans — is so much income and wealth have been going to the very top that the vast majority no longer has the purchasing power to lift the economy out of its doldrums. American’s aren’t buying cars (they bought 17 million new cars in 2005, just 12 million last year). They’re not buying homes (7.5 million in 2005, 4.6 million last year). They’re not going to the malls (high-end retailers are booming but Wal-Mart’s sales are down).

Only the richest 5 percent of Americans are back in the stores because their stock portfolios have soared. The Dow Jones Industrial Average has doubled from its crisis low. Wall Street pay is up to record levels. Total compensation and benefits at the 25 major Wall St firms had been $130 billion in 2007, before the crash; now it’s close to $140 billion.

But a strong recovery can’t be built on the purchases of the richest 5 percent.

The truth is if the super-rich paid their fair share of taxes, government wouldn’t be broke. If Governor Scott Walker hadn’t handed out tax breaks to corporations and the well-off, Wisconsin wouldn’t be in a budget crisis. If Washington hadn’t extended the Bush tax cuts for the rich, eviscerated the estate tax, and created loopholes for private-equity and hedge-fund managers, the federal budget wouldn’t look nearly as bad.

And if America had higher marginal tax rates and more tax brackets at the top — for those raking in $1 million, $5 million, $15 million a year — the budget would look even better. We wouldn’t be firing teachers or slashing Medicaid or hurting the most vulnerable members of our society. We wouldn’t be in a tizzy over Social Security. We’d slow the rise in health care costs but we wouldn’t cut Medicare. We’d cut defense spending and lop off subsidies to giant agribusinesses but we wouldn’t view the government as our national nemesis.

The final truth is as income and wealth have risen to the top, so has political power. The reason all of this is proving so difficult to get across is the super-rich, such as the Koch brothers, have been using their billions to corrupt politics, hoodwink the public, and enlarge and entrench their outsized fortunes. They’re bankrolling Republicans who are mounting showdowns and threatening shutdowns, and who want the public to believe government spending is the problem.

They are behind the Republican shakedown.

These are the truths that Democrats must start telling, and soon. Otherwise the Republican shakedown may well succeed.

via Robert Reich: The Republican Shakedown.

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Filed under Politics, The Economy

Social Security isn’t the problem – USATODAY.com

This is so simple, but the GOP has twisted it out of shape…

I repeat, for the 5 millionth time:  Social Security is not the problem.  It is sound!

Social Security benefits are entirely self-financing. They are paid for with payroll taxes collected from workers and their employers throughout their careers. These taxes are placed in a trust fund dedicated to paying benefits owed to current and future beneficiaries.

When more taxes are collected than are needed to pay benefits, funds are converted to Treasury bonds — backed with the full faith and credit of the U.S. government — and are held in reserve for when revenue collected is not enough to pay the benefits due. We have just as much obligation to pay back those bonds with interest as we do to any other bondholders. The trust fund is the backbone of an important compact: that a lifetime of work will ensure dignity in retirement.

According to the most recent report of the independent Social Security Trustees, the trust fund is currently in surplus and growing. Even though Social Security began collecting less in taxes than it paid in benefits in 2010, the trust fund will continue to accrue interest and grow until 2025, and will have adequate resources to pay full benefits for the next 26 years.

For years, the surpluses in the Social Security trust fund have helped to mask our deficits elsewhere. Now that we are paying Social Security back, the problem is not with Social Security, but with the rest of the budget. In 2001 and 2003, Washington cut taxes for the wealthiest Americans and later expanded Medicare without paying for it. Blaming Social Security for our fiscal woes is like blaming you for not saving enough in your checking account because the bank lost all depositors’ money.

via Opposing view: Social Security isn’t the problem – USATODAY.com.

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Want better students? Teach their parents. – Yahoo! News

This guy is right on it….

The Republicans are always trying to cut funding for early childhood development, Head Start and other proven effective programs, so I’m afraid as long as the GOP controls the House, there is little chance of anyone listening…

Plus, the GOP really doesn’t want educated voters with strong critical thinking skills.  Then they could see the GOP is all smoke and mirrors…

From Jerome Kagan in the Christian Science Monitor.

Although schools play a major role in teaching children the basic skills required for jobs in an advanced economy, the family remains the primary institution that prepares children to take maximal advantage of formal schooling and motivates them to persist despite difficulty.

Parents are key to school preparation.  A child’s academic training begins long before he or she sets foot in school. Studies show that more-educated parents instill patterns of thinking, processing information, and early reading instruction that form a vital foundation for later learning.

Sadly, children born to parents who have not graduated from high school are more likely to enter primary school less prepared for instruction and less motivated to learn these vital skills than those children growing up with college-educated parents. Yet most social scientists advising government on education reform do not emphasize the importance of changing the attitudes, behaviors, and opportunities for less-educated parents with low socioeconomic status.

The best predictor of reading and arithmetic skills in the early grades of school is the education of the parents. This relationship can have a major effect, because parents without much schooling are less likely to read to their children, to engage in reciprocal conversation and play, encourage improvement of their children’s intellectual talents, and promote in their children the belief that they can effectively alter their current conditions.

AND

These ethical considerations are inadequate excuses for failing to implement programs designed to help families caught in poverty – many of whom have lost faith in the national premise that all citizens are entitled to an equal opportunity for a satisfying life.

These programs can enhance the prospects of many children who otherwise might later require costly remediation programs that do not guarantee success because they intervene too late to offset the child’s already entrenched educational disadvantage and discouragement. Such later interventions rarely mute a family’s anger at a system that, by then, seems to be indifferent to their plight.

Programs that target early parental instruction don’t just change students’ lives, they have the potential to reform entire education systems.

via Want better students? Teach their parents. – Yahoo! News.

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Filed under Education, Politics