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thinkahol *

Maddow: Why Isn't the Progressive Budget Plan on the Table? | AlterNet - 0 views

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    On last night's show, Rachel Maddow discussed how there is widespread distaste among Americans for the Ryan budget plan, as evidenced by angry crowds of constituents at town halls around the country (which have gone largely uncovered by the mainstream media). So Maddow asks a glaringly obvious question, but that no one really seems to be asking: why isn't the progressive budget plan on the table? A progressive budget plan exists -- it has been submitted and introduced -- and it is more fiscally responsible than the GOP plan. So what gives? Watch Maddow discuss the issue with Matt Miller, a senior adviser during the Clinton administration, here:
Joe La Fleur

Are Unions Using Stimulus Money To Recall Walker? - 0 views

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    A good buddy in the White House and a little cash under the table when no one is lookin'
thinkahol *

Weekly Review-By Anthony Lydgate (Harper's Magazine) - 0 views

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    After eating a bowl of oatmeal and drafting ten talking points, Senator Bernie Sanders (Ind., Vt.) spoke for nine hours in opposition to the tax-cut deal struck between President Obama and congressional Republicans. "We should be embarrassed," he said, "that we are for one second talking about a proposal that gives tax breaks to billionaires while we are ignoring the needs of working families, low-income people and the middle class."1 2 3 Mark Madoff, son of Bernard L. Madoff, hanged himself in his Manhattan apartment while his toddler slept in a nearby bedroom; court documents filed last year suggest that Mark Madoff made almost $67 million through his father's Ponzi scheme.4 WikiLeaks founder Julian Assange was arrested in London on charges of sexual assault. "That sounds like good news to me," said U.S. Defense Secretary Robert Gates.5 State Department cables leaked this week revealed that Saudi media executives, over coffee in a Jeddah Starbucks, extolled the power of American television in the fight against Islamic extremism, while Saudi diplomats expressed their admiration for the movies Insomnia and Michael Clayton.6 Taymour Abdelwahab, a Swedish citizen, set off a car bomb and then blew himself up in Stockholm on Saturday, injuring two in what authorities believe was a botched attempt at a larger attack, and imprisoned Chinese dissident Liu Xiaobo was awarded the Nobel Peace Prize. Online discussion of the chair symbolizing his absence from the ceremony in Oslo prompted authorities in China to censor the phrases "empty chair," "empty seat," "empty stool" and "empty table" from the country's major social networking sites.7 8 9
thinkahol *

Has our bloated security budget made us safer? - National security - Salon.com - 0 views

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    The killing of Osama Bin Laden did not put cuts in national security spending on the table, but the debt-ceiling debate finally did. And mild as those projected cuts might have been, last week newly minted Secretary of Defense Leon Panetta was already digging in his heels and decrying the modest potential cost-cutting plans as a "doomsday mechanism" for the military. Pentagon allies on Capitol Hill were similarly raising the alarm as they moved forward with this year's even larger military budget. None of this should surprise you. As with all addictions, once you're hooked on massive military spending, it's hard to think realistically or ask the obvious questions. So, at a moment when discussion about cutting military spending is actually on the rise for the first time in years, let me offer some little known basics about the spending spree this country has been on since September 11, 2001, and raise just a few simple questions about what all that money has actually bought Americans. Consider this my contribution to a future 12-step program for national security sobriety. Let's start with the three basic post-9/11 numbers that Washington's addicts need to know:
thinkahol *

Don't Be Silenced - 0 views

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    The Election of 2012: Why the most important issues may be off the table (but should be on it).
thinkahol *

House Bill Means Fewer Children in Head Start, Less Help for Students to Attend College... - 0 views

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    Some 157,000 at-risk children up to age 5 could lose education, health, nutrition, and other services under Head Start, while funds for Pell Grants that help students go to college would fall by nearly 25 percent, under a bill passed by the House that would cut current-year non-security discretionary funding by an average of 14.3 percent.  The bill (H.R.1), which would fund the government for the rest of fiscal year 2011, now must be considered by the Senate. [1] H.R. 1 also would kill a program that helps low-income families weatherize their homes and permanently reduce their home energy bills, cut federal funds for employment and training services for jobless workers and for clean water and safe drinking water by more than half, and raise the risk that the WIC nutrition program may not be able to serve all eligible low-income women, infants, and children under age 5.  In addition, it would cut funds for the Centers for Disease Control and Prevention by 10 percent, for the Food and Drug Administration by 10 percent, and for the Food Safety and Inspection Service by 9 percent. The House bill does not apply its overall 14.3 percent cut on an across-the-board basis.  Some cuts, such as the 6.0 percent reduction in funding for House of Representatives staff salaries and expenses, would be smaller.  But many important programs, including some of the ones listed above, would be cut much more to make up the difference.  (The table on the next page shows the average size of the cut for programs within the jurisdiction of each subcommittee.) At the same time, H.R. 1 would increase overall funding for security programs (those funded by the Defense, Homeland Security, and Military Construction-Veterans Affairs appropriation bills) by a little less than 1 percent. Also, the 14.3 percent figure is a bit deceiving.  To achieve that level of overall cuts for non-security programs for the entirety of 2011, funding for those programs will have to fall on average by nearly one
thinkahol *

President Obama, Stand Up to the U.S. Chamber and Fight for Disclosure - 0 views

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    "We will fight it through all available means […] To quote what they say every day on Libya, all options are on the table." That's what the chief lobbyist for the U.S. Chamber of Commerce told the New York Times after hearing the White House may issue an executive order requiring corporations that do business with the government to disclose their political spending. The Chamber's pledge to fight tooth and nail to keep the American people in the dark about conflicts of interest in government is appalling, but not surprising. If corporations and their executives are spending on politicians in an effort to "win" government contracts, the American people should know.  Urge President Obama to stand up to the U.S. Chamber and fight for disclosure. Sign the petition today!
Levy Rivers

Where did the tables turn? - Roger Simon - Politico.com - 0 views

  • Except in Iowa, in January of this year, they did vote. Younger voters represented 22 percent of the vote in the Iowa caucus— the highest youth turnout in any state so far — and Obama got 57 percent of them to Clinton’s 11 percent. The youth vote, in fact, turned out to be about 30 percent of Obama’s total vote.
  • But to my way of thinking, Clinton’s loss in Iowa was a critical one, because she was no longer inevitable. She had let Obama into the game. She had let a candidate with money and a message get off to a running start. She had allowed him to become a credible candidate.
  • As it turned out, Obama had both a strategy and the money to execute it. His campaign knew what the race really was about: the acquisition of pledged delegates.
Levy Rivers

Where did the tables turn? - Roger Simon - Politico.com - 0 views

  • Clinton’s campaign strategy in Iowa was a traditional one: Target those voters who had voted in the past — the most reliable kind of voters there are — and then get them to the polls. And some Clinton aides were openly contemptuous of Obama’s attempt to “expand the universe” and bring in younger voters.
Skeptical Debunker

In Past Decade, American Funds Created Most Wealth - Yahoo! News - 0 views

  • Morningstar determined that Janus and Putnam were the two largest "wealth destroyers" during the decade, losing $58 billion and $46 billion, respectively. "Janus and Putnam rode the growth wave more than anyone else," Kinnel says. "They had some very aggressive funds that put up big numbers that got huge inflows." After the tech bubble burst, the funds that were most heavily invested in these types of holdings experienced huge sell-offs, which made it difficult for these funds to attract inflows through the remainder of the decade. According to Morningstar, American Funds created about $191 million in wealth for investors during the decade, followed by Vanguard and Fidelity. Since American Funds generally employs a more value-oriented strategy, the firm was largely able to avert the first bear market of the decade. "The 2000 to 2002 bear market was all growth and tech, and American barely touched that, whereas they had lots of value, dividend payers, and bonds, which did very well," Kinnel says. Recently, the tables have turned for American. In 2009, it lost the most of any fund family (more than $25 billion). No fund family, including American, was able to avoid the bear market of 2008. The same strategy that allowed American to bypass most of the first bear market failed because many well-known dividend-paying companies, like big financial firms, experienced huge losses.
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    In a decade with two bear markets and lackluster returns for many investors, American Funds created the most wealth for investors, while Janus destroyed the most wealth, according to a survey released by Morningstar. For the survey, Morningstar looked at the 50 largest mutual fund families and their total net assets at the end of 1999. Then the fund tracker subtracted each fund company's total cash flows over the decade and deducted their total net assets at the end of 2009. Numbers were calculated in dollar terms so that any funds that were liquidated during the decade would also be included.
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    Get this! Mutual funds, where most American's have their 401Ks, IRAs, and retirement savings, performed pitifully in the "great economy" of the 2000's (brought to you by Republican deregulationists starting with Ronald Reagan). The "best" made $191 million (but lost $25 billion in 2009!), the worst lost around $50 billion! What a great way to transfer all that hard earned savings, mostly by the "little guy", from them to the Wall Street gamblers. Another socialistic Republican "redistribution of wealth" of the corporate criminal rich, by the corporate criminal rich, and for the corporate criminal rich.
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