Showing posts tagged 2013.
x

Under the Mountain Bunker

Leave me a message   Location: Colorado. More info here.



» Website

twitter.com/charyl:

    The psychological pathology of the Republican base →

    When the Ryan plan robs from the poor to give to the richwithout concealment and without apology — and when poor, working, and middle class conservatives support itanyway, what can you call it but chronic Obama Derangement Syndrome? Stockholm Syndrome? Unforgivably stupid?

    Ryan’s Budget: tax cuts for the wealthy, austerity for the rest of us

    Chairman Ryan’s budget proposes $5.3 trillion in nondefense budget cuts (and about $200 billion in defense increases).  The $5.3 trillion in cuts includes $1.2 trillion in cuts to nondefense discretionary programs; this $1.2 trillion in cuts is beyond the cuts needed to comply with the strict funding caps that the Budget Control Act established.  Several hundred billion dollars of these additional cuts would very likely come from low-income programs.

    Paul Krugman calls it fraudulent.

    Pink Slime Economics and the Most Fraudulent Budget in US History

    […] And when I say fraudulent, I mean just that. The trouble with the budget devised by Paul Ryan, the chairman of the House Budget Committee, isn’t just its almost inconceivably cruel priorities, the way it slashes taxes for corporations and the rich while drastically cutting food and medical aid to the needy. Even aside from all that, the Ryan budget purports to reduce the deficit — but the alleged deficit reduction depends on the completely unsupported assertion that trillions of dollars in revenue can be found by closing tax loopholes.

    And we’re talking about a lot of loophole-closing. As Howard Gleckman of the nonpartisan Tax Policy Center points out, to make his numbers work Mr. Ryan would, by 2022, have to close enough loopholes to yield an extra $700 billion in revenue every year. That’s a lot of money, even in an economy as big as ours. So which specific loopholes has Mr. Ryan, who issued a 98-page manifesto on behalf of his budget, said he would close?

    None. Not one. He has, however, categorically ruled out any move to close the major loophole that benefits the rich, namely the ultra-low tax rates on income from capital. (That’s the loophole that lets Mitt Romney pay only 14 percent of his income in taxes, a lower tax rate than that faced by many middle-class families.)

    Read it all…

    The Center on Budget and Policy Priorities spells out what Priority #1 is for Paul Ryan and the Republicans in the House who passed his budget last Thursday: making the rich richer.

    Tax cuts for the rich, forever and ever, Amen.

    As noted, these regressive new tax cuts would come on top of the Bush tax cuts, which also were costly and provided disproportionate gains to the highest-income households.  Combined, the Bush and Ryan tax cuts would provide an annual windfall of nearly $400,000 apiece, on average, to people with incomes over $1 million (see Figure 3).  For these people, their tax cuts would be eight times the average total after-taxincomes of people in the middle 20 percent of the income scale.

    The Bush tax cuts contributed significantly to the emergence of large deficits over the past decade and would prove even more unaffordable in coming decades if policymakers extended them.  Yet, instead of letting them expire as the economy recovers, the Ryan budget would “double down” by extending them and adding another round of costly, regressive tax cuts on top.

    Here’s an important reminder to all the people who support the Republican Party’s outrageous and disgusting income redistribution scheme out of some weird desire to control other people’s lives:

    — 2 years ago with 1 note
    #news  #politics  #religion  #unemployment  #vote!  #war on the middle class  #class war  #income redistribution  #1. tax cuts for the wealthy  #2. austerity for the rest of us  #2013  #cbpp.org  #Center on Budget and Policy Priorities  #dog marriage  #fraudulent  #GOP  #obama derangement syndrome  #Paul Ryan  #republican budget  #Republicans  #republicans hate obama more than they love america  #ryan budget  #social issues  #stockholm syndrome 
    Ten facts about Obama’s budget →

    This budget will be an immediate “no-go” with Republicans. Not only are there no tax cuts for the corporations and the one percent but items 2,3 and 8 below will really make them clutch their pearls:

    Ten Facts About The Obama Budget

    ThinkProgress compiled 10 facts about the Obama budget based on the White House fact sheet and other reports:

    1. The budget includes $350 billion in short-term measures to encourage job growth, including $50 billion in immediate infrastructure investment, $30 billion to rebuild schools, and year-long extensions of the payroll tax holiday and unemployment insurance.

    2. The implementation of the Buffett Rule and the repeal of the Bush tax cuts for the wealthy helps reduce the deficit by $1.5 trillion over the next 10 years.

    3. For every $1 in new revenue from those making more than $250,000 per year and from closing corporate loopholes, the budget has $2.50 in spending cuts including the deficit reduction enacted over the last year.

    4. The total budget reduces the deficit by $4 trillion over the next decade.

    5. Obama preserves the maximum Pell Grant award, a key difference from the GOP budget, and makes permanent then Americans Opportunity Tax Credit, which helps 9 million families afford the costs of college.

    6. Unlike the last two GOP budgets, Obama’s budget protects Medicare and Medicaid from structural changes, and through small tweaks, saves $360 billion from those programs.

    7. States will receive $30 billion in aid to prevent further layoffs of firefighters, teachers, and police officers, some of the hardest-hit workforces in the nation.

    8. The budget eliminates 12 tax breaks to oil, gas, and coal companies, saving $41 billion over 10 years.

    9. Obama preserves planned cuts to the Defense Department negotiated in the debt limit deal last August.

    10. The budget maintains goals of putting one million electric vehicles on the road by 2015; doubling share of electricity from clean energy sources by 2035; and reducing buildings’ energy use by 20 percent by 2020.

    — 2 years ago with 9 notes
    #news  #politics  #unemployment  #economy  #recovery  #2013  #budget  #eliminate tax breaks to oil gas and coal  #job growth  #less spending cuts for the rest of us  #planned cuts to DoD  #preserve pell grants  #President Obama  #prevent layoffs  #protects medicare and medicaid  #reduce the deficit  #spending cuts  #tax increase for the wealthy 
    Steve Holt! New season of Arrested Development in 2013

THE BLUTHS ARE BACK and only on Netflix: New episodes will be available only to Netflix streaming subscribers in the U.S. in 2013.
More:
“Netflix is gassing up the staircar! I don’t think I’ve ever been happier to wear a pair of khakis,” leading man Jason Bateman tweeted Friday night.
Ron Howard, the series’ producer and narrator, tweeted,  “Gotta warm up my throat and start practicing…. ‘it’s Arrested….  Development’ Good news,” and followed up by thanking the series’  hardcore fan base, writing, “Many thanks to you ever-so-vocal Arrested Development supporters Wouldn’t have gotten here without you.”

    Steve Holt! New season of Arrested Development in 2013

    THE BLUTHS ARE BACK and only on Netflix: New episodes will be available only to Netflix streaming subscribers in the U.S. in 2013.

    More:

    “Netflix is gassing up the staircar! I don’t think I’ve ever been happier to wear a pair of khakis,” leading man Jason Bateman tweeted Friday night.

    Ron Howard, the series’ producer and narrator, tweeted, “Gotta warm up my throat and start practicing…. ‘it’s Arrested…. Development’ Good news,” and followed up by thanking the series’ hardcore fan base, writing, “Many thanks to you ever-so-vocal Arrested Development supporters Wouldn’t have gotten here without you.”

    — 2 years ago with 1 note
    #news  #2013  #arrested development  #bluth  #jason bateman  #netflix  #new season  #ron howard 
    Another debt ceiling fight from the Teaparty Republicans in 2013? Probably not. →

    Jonathan Bernstein doesn’t think we’re going to see this debt ceiling fight again after the next election, whether a Republican wins the White House or President Obama is re-elected. The political rewards for the GOP just wouldn’t be there:

    …if we get a Republican president and a Democratic Congress, the issue won’t play nearly as well in reverse (although it’s certainly possible that President Romney or Perry could veto a clean limit increase and demand cuts – but would a brand-new president really want to risk that?). Of course, a unified Democratic government would not only probably pass a clean increase, but it also might well scrap the debt limit entirely, as Jonathan Chait suggests they demand in the future.

    What if we have the status quo in January 2013? Hard to say. But it’s going to be a whole lot easier for Republicans to vote for a clean debt-limit increase at that point (perhaps loaded with some symbolic stuff). One of the key problems for Republicans this year is that they were just elected on a lot of extravagant promises about immediate, absolute change. My guess is that those who are reelected in 2012 won’t repeat those promises, at least not quite as loudly. They will have voted to raise the debt limit. They will have voted for appropriations bills that spend gazillions of dollars. They will have voted for budgets that don’t immediately balance. They may not own up to those things, and some of them will certainly keep up the rhetoric, but the bulk of them? We’ll see.

    Moreover, should we have a status quo election in 2012, the incentive of defeating Barack Obama will, of course, be gone in 2013. Instead, members of Congress will be worrying about their own reelections, and triggering an economic crisis just after the president is inaugurated may not work well for that goal.

    Deficits don’t matter! Sometimes!

    — 3 years ago with 1 note
    #politics  #economy  #debt ceiling  #crisis  #2012 election  #debt deal  #2013