| "Only dull people are brilliant at breakfast" -Oscar Wilde |
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"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
Labels: bloggers, Blogroll Amnesty Day
A 54-year-old today will have to save an additional $182,000 in their IRA or 401(k) before he or she retires just to pay for the House Republican plan to eliminate Medicare, an analysis released today by U.S. Rep. George Miller (D-CA) found.
The Center for Economic and Policy Research (CEPR) estimated that individuals born in 1957 would need $182,000 by the time they retire at 65 to pay the additional costs imposed by the Republican plan if they live to 84. The analysis was included in a letter to Rep. Miller.
“Under the Republican plan, seniors will go into debt. They will be forced to sell their homes that they spent a lifetime paying off. And they will have to rely on their children just to pay for basic medical care,” said Miller. “This is not what anyone would envision as a dignified retirement.”
Last month, House Republicans voted to end the Medicare program, which offers guaranteed benefits, and replace it with a plan that would force seniors to find private insurance with the assistance of a voucher. Since the voucher’s value relative to health care costs would decrease over time and private insurance costs are higher than traditional Medicare, seniors retiring in 2022 under the Republican plan would be forced to pay much higher costs than under current law.
As a result, CEPR found that the average senior beginning in 2022 would have to save $182,000 to cover these additional costs, assuming a return of 3 percent in real interest during their retirement years.
Labels: baby boomers, economic death watch, We Are So Screwed
Labels: Marc Maron, Morning Sedition, talk radio
In a 251 to 175 vote this evening, 16 anti-choice Democrats joined every House Republican present in passing H.R. 3, the No Taxpayer Funding For Abortion Act. A chief weapon in the House GOP’s “comprehensive assault” on women this bill proposes some of the most radical and draconian restrictions on women’s rights. They include:– Redefinition Of Rape: The bill sponsor Rep. Chris Smith (R-NJ) faced serious backlash after he tried to narrow the definition rape to “forcible rape.” By narrowing the rape and incest exception in the Hyde Amendment, Smith sought to prevent the following situations from consideration: Women who say no but do not physically fight off the perpetrator, women who are drugged or verbally threatened and raped, and minors impregnated by adults.
Smith promised to remove the language and while it is not technically in the bill, Mother Jones reports that House Republicans used “a sly legislative maneuver” to insert a “backdoor reintroduction” of redefinition language. Essentially, if the bill is challenged in court, judges will look at the congressional committee report to determine intent. The committee report for H.R. 3 says the bill will “not allow the Federal Government to subsidize abortions in cases of statutory rape” — thus excluding statutory rape-related abortions from Medicaid coverage.
The bill would prevent people from deducting the cost of an abortion from their taxable income, except when the procedure is performed in cases of rape, incest or when a physician certifies that a woman's life would be in danger if she continues the pregnancy.
Current law, known as the Hyde Amendment, bars federal money for abortions, with the same exceptions as those in the bill. But the bill would make the Hyde Amendment federal law, rather than a provision added to other bills that must be voted every year.
Abortion opponents have charged that the health care overhaul contains a loophole for insurance policies. Obama's health care overhaul, passed last year, creates state marketplaces for insurance known as "exchanges." It allows participating plans to cover abortions, provided they collect a separate premium from policyholders and that money is kept apart from federal subsidies.
The bill, written by Rep. Chris Smith, R-N.J., disallows the tax credit for the expenses of a small employer health insurance plan that includes coverage for an abortion. Democrats said that amounts to a tax increase.
"I thought my Republican friends hated taxes, but apparently they hate reproductive freedom and women's rights even more," said Rep. Lynn Woolsey, D-Calif.
Supporters of the bill passed Wednesday say the health overhaul doesn't go far enough to make sure that no tax money is used to subsidize abortions. Congressional estimates say the bill would raise only a negligible amount of tax revenue.
Opponents say the bill would make it difficult if not impossible for many women to obtain medical insurance that covers abortions — even if they pay for it themselves. They say the legislation could put the Internal Revenue Service in the position of determining whether women who get abortions were sexually assaulted, so the agency can decide whether the procedure is tax deductible.
Rep. Louise Slaughter, D-N.Y., said the bill is really an effort to prevent insurance companies from covering abortions.
Labels: abortion, hypocrisy, misogyny, Republican brownshirts, The Republican War on Women


We are continuing this policy in bleeding America to the point of bankruptcy ... as for the economic deficit, it has reached astronomical numbers estimated to total more than a trillion dollars. The real loser is you. The American people and their economy.
As I sifted through the responses of my friends on social networks, I read comments like, “Great news. If only we hadn’t gotten off course with Iraq for so long.” Or things like, “Could have gotten him earlier if we hadn’t wasted our time in the illegal war in Iraq.”
All this made me realize just how disconnected I am from the killing of Bin Laden. The more I reflect upon it, the less I feel a part of it, and the less I feel that I was ever any part of our war against terrorism, in the public’s eye at least.
My war — the Iraq war — is being remembered as quite a different war than the “war on terror.” Its narrative, shaped by the media and the general public, breaks dramatically from that of the war in Afghanistan and the pursuit of terrorists around the globe. The Iraq war has become the “mistake war,” one so many critics feel we should have never been a part of.
I have come to realize that, regardless of my own personal beliefs and opinions, this is how the Iraq war will be remembered. And this brings me to question myself, my efforts and my own worth. How will our achievements and sacrifices in Iraq be remembered? Will all that I did while I served be nothing more than a mistake?
The more I travel and speak about my personal experiences, the more I feel the shifting cultural memory of this war. I’ve felt it devolve over time in those moments when I am thanked not for keeping us safe from terror, but rather shown appreciation mixed with pity for having had to fight in this “illegal”war.
I fear now that we soldiers will be remembered for being in the wrong war, fighting to bring the wrong man, Saddam Hussein, to justice. Consider the difference between the public reception of the killing of Bin Laden and the trial and execution of Hussein, a man responsible for the deaths of U.S. soldiers as well as years of oppression and systematic degradation of a land. The latter was met with questions and controversy. But the death of Bin Laden, a man who dared to bring horrific violence onto the shores of our country, has been met only with approval. Those differences are telling.
So, as much as I want to feel a part of this moment, to feel some sense that I contributed to it, I do not. As a veteran of the Iraq war, I do not feel entitled to any sort of meaningful connection to this achievement. Years of political and public criticism of the Iraq war has pushed me to believe that I did not fight terror, but rather a phantom.
Labels: Barack Obama, George W. Bush, Osama bin Laden, terrorism




Labels: President Barack Obama
Labels: 9/11, Osama bin Laden, wingnuttia
Labels: national security, President Barack Obama
In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast ever-larger annual surpluses indefinitely. The outlook was so rosy, the CBO said, that Washington would have enough money by the end of the decade to pay off everything it owed.
Voices of caution were swept aside in the rush to take advantage of the apparent bounty. Political leaders chose to cut taxes, jack up spending and, for the first time in U.S. history, wage two wars solely with borrowed funds. “In the end, the floodgates opened,” said former senator Pete Domenici (R-N.M.), who chaired the Senate Budget Committee when the first tax-cut bill hit Capitol Hill in early 2001.Now, instead of tending a nest egg of more than $2 trillion, the federal government expects to owe more than $10 trillion to outside investors by the end of this year. The national debt is larger, as a percentage of the economy, than at any time in U.S. history except for the period shortly after World War II.
Polls show that a large majority of Americans blame wasteful or unnecessary federal programs for the nation’s budget problems. But routine increases in defense and domestic spending account for only about 15 percent of the financial deterioration, according to a new analysis of CBO data.The biggest culprit, by far, has been an erosion of tax revenue triggered largely by two recessions and multiple rounds of tax cuts. Together, the economy and the tax bills enacted under former president George W. Bush, and to a lesser extent by President Obama, wiped out $6.3 trillion in anticipated revenue. That’s nearly half of the $12.7 trillion swing from projected surpluses to real debt. Federal tax collections now stand at their lowest level as a percentage of the economy in 60 years.
Big-ticket spending initiated by the Bush administration accounts for 12 percent of the shift. The Iraq and Afghanistan wars have added $1.3 trillion in new borrowing. A new prescription drug benefit for Medicare recipients contributed another $272 billion. The Troubled Assets Relief Program bank bailout, which infuriated voters and led to the defeat of several legislators in 2010, added just $16 billion — and TARP may eventually cost nothing as financial institutions repay the Treasury.
Obama’s 2009 economic stimulus, a favorite target of Republicans who blame Democrats for the mounting debt, has added $719 billion — 6 percent of the total shift, according to the new analysis of CBO data by the nonprofit Pew Fiscal Analysis Initiative. All told, Obama-era choices account for about $1.7 trillion in new debt, according to a separate Washington Post analysis of CBO data over the past decade. Bush-era policies, meanwhile, account for more than $7 trillion and are a major contributor to the trillion-dollar annual budget deficits that are dominating the political debate.
Labels: Greedy Republican Bastards, incompetence, pouring gasoline on a blazing fire
In numerous interviews in the low-income Alberta neighborhood here on Friday, shortly before President Obama and other officials toured what is now an unimaginable wasteland, residents said they had few complaints about the handling of the aftermath by state, local and federal agencies.
Many expressed mild frustration about limits on their access to damaged homes, the pace of road clearing and power restoration, and traffic jams caused by roadblocks and nonfunctioning signals. But most agreed that government and charitable agencies were coping as effectively as feasible with immediate demands for shelter, food, water and medical care, along with search and rescue operations.
“It ain’t like Katrina,” said Darius Rutley, 21, whose house in Alberta was obliterated. “We’re getting help.”
Labels: FEMA, natural disasters, President Barack Obama
Labels: "birthers", Barack Obama, White House Correspondent's Dinner
