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tonie61's Journal (138)
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Tuesday October 07, 03
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04:05 PM - Raping everybody for the top 1%.
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It is not as graphically disturbing as seeing soldiers and “collateral damage” victims, but Dubya is causing death in the US as a result of his awful domestic policies. These duplicitous scams can be summed up as—rape everybody for the benefit of the top 1%. Dubya the Flim-Flam man is the merchant of death, as he is deciding who lives in luxury and dies in squalor.
Rove’s puppet boy, Dubya, is intentionally ruining the US and worldwide economy for political advantage. He is making sure his international “Ranger” and “Pioneer” buddies are getting war-profiteering profits, as last illustrated in his $87 billion Iraq bonanza. The most brutal example of the lack of morality in Dubya though is that even the US soldiers, who are in continual jeopardy, are getting shafted.
In the July 8, 2003 article, “War, Tax Cuts, and the Deficit” by Richard Kogan the author cites this quote, “This nation has got a deficit because we have been through a war.”, by President Bush on April 24, 2003.” In that speech, three sentences later, the President added. “And we had an emergency and a recession, which affected the revenue growth of the U.S. Treasury.”
Problem is Dubya was lying “Yet the cost of war, though by no means trivial, is responsible for only a small share of the deficits we face. The President’s tax cuts are a much more significant cause. Congressional Budget Office data indicate that in 2003 and 2004, the cost of enacted tax cuts is almost three times as great as the cost of war, even when the cost of increases in homeland security expenditures, the rebuilding after September 11, and other costs of the war on terrorism —including the action in Afghanistan — are counted as “war costs,” along with the costs of the military operations and subsequent reconstruction in Iraq.”
Further misrepresentations in that speech include, “The President stated that the first way to deal with the deficit is to “increase revenues to the Treasury through economic growth and vitality.” His budget and the congressional budget plan call for major additional tax cuts, however, causing revenues to decline rather than grow, relative to current projections. Dubya’s own budget acknowledges this; it shows that his tax cuts will increase the deficit substantially, not reduce it.”
Maybe I’m a crank, but the neutral Congressional Budget Office, as well as Dubya’s own budget that both came to the logical conclusion that his tax cuts will increase the deficit substantially! By the way, every estimation of the tax cuts states that they benefit Dubya’s contributors, almost exclusively. Wealth redistribution from the lower classes to the upper 1% is a radically preposterous plan, yet that is what Dubya is doing.
Maybe another source would be appropriate. In the article, “Stating the Obvious”, by Paul Krugman, he cites some further disastrous predictions. If his theses are correct then the current economic structure of the U.S. is definitely being challenged by 43’s administration.
Krugman writes, “”The lunatics are now in charge of the asylum.” So wrote the normally staid Financial Times, traditionally the voice of solid British business opinion, when surveying last week’s tax bill. Indeed, the legislation is doubly absurd: the gimmicks used to make an $800-billion-plus tax cut carry an official price tag of only $320 billion are a joke, yet the cost without the gimmicks is so large that the nation can’t possibly afford it while keeping its other promises”.
That sounds bad, but Krugman predicts such a complete destruction of the U.S. economy that the “social safety net built up over the past 70 years” vanishes. He hypothesizes that this is a calculated strategy. He attributes this dishonorable plan to laziness by moderates and liberals and further states,” But the people now running America aren’t conservatives: they’re radicals who want to do away with the social and economic system we have, and the fiscal crisis they are concocting may give them the excuse they need. The Financial Times, it seems, now understands what’s going on, but when will the public wake up?”
This is overkill, but there are so many lies. In the article, “Fiscal Doomsday in the Offing” by David Broder of October 5, 2003 the author writes,” Maybe all the others are wrong…..I would not be that foolhardy, not when the list of people warning that this nation has embarked on a dangerous and unsustainable fiscal course that will wreck our economy and threaten our international standing includes those who now are frantically signaling us to straighten out our policies before it is too late.
Some members of Congress of both parties have argued for months, if not years, that the lack of spending restraint, coupled with the penchant for ever-larger tax cuts, cannot be allowed to go on. Their cautions have gone unheeded.
David Walker, the comptroller general of the United States, is an appointed official with a 15-year term that gives him complete political security. His staff in the General Accounting Office provides the fullest range of information on government finances. Last month, Walker went to the National Press Club to raise a public alarm where he hoped it would be heard. “Our projected budget deficits,” he said, “are not manageable without significant changes in status quo programs, policies, processes and operations.”….. The Committee for Economic Development, a group of business and education leaders; the Center on Budget and Policy Priorities, a liberal-leaning research and advocacy group; and the Concord Coalition, a bipartisan organization focused on sound fiscal policy, issued their first joint statement on fiscal policy. They called the current budgetary situation “the most fiscally irresponsible” in American history.’
Here follows their agreement with Krugman’s take on this foolish Dubya’s policy, “Staff members of the three groups said that a realistic picture of the next decade shows it is likely that annual deficits will rise from current levels of $400 billion to more than $600 billion and total $5 trillion between 2004 and 2013 -- even assuming a quick return to healthy economic growth and lower unemployment.
Those numbers are incomprehensible. But a better sense of their meaning comes when the groups say that if current policies remain, balancing the budget by 2013 will require raising individual and corporate income taxes by 27 percent, cutting Social Security by 60 percent, cutting defense by 73 percent or cutting all programs—except defense, homeland security, Social Security and Medicare—by 40 percent.
That sounds like scare talk. But the reality is that after 2013, things will get worse. The first of the baby boomers reach retirement age in 2008, and from that point on, Social Security and Medicare payments will explode, as the number of claimants rises each year. As Pete Peterson, the Republican former secretary of commerce, told the news conference where this report was presented, anyone who thinks those programs are solidly financed ought to think again. “To talk about a Social Security trust fund is a fiscal oxymoron,” he said. “It isn’t funded and it can’t be trusted.” Rather, the government faces $25 trillion of unfunded entitlement obligations.”
All of us aging baby boomers have lived through a milder version of this before, in every GOP administration. This is all part of an age-old GOP strategy. They terrify the US into believing that the military must be built up excessively. Reagan had the “Evil Empire” and Tricky Dick had the “domino theory”. Then they add to this tax cuts for their rich 1%. Guess what—Et voilla no money for Democrats! The US budget can’t support this military buildup as well as fund the social safety net, so which budgets get reduced? We see our own relatives and neighbors dying before their time. We are without adequate health care, decent medical insurance. Too many of us must choose between purchasing either prescription drugs or food. Due to Dubya’s awful administration of the US economy each of the states are cutting everything they can. When the Democrats, who are the champion of social service programs, ask for money to help the 99% of US citizens, the GOP have a pat comment. “They are typical tax and spend Democrats!”
He has also selected specific states where his political future may be determined, to attempt to give a few of the lower-income workers, a better chance at getting a job, in his jobless recovery strategy. He even blew that though, basically to incompetence. A little over a year ago, on March 5, 2002, President Bush made a serious mistake by imposing tariffs on imported steel. Recently, the Consuming Industries Trade Action Coalition, a business group, published a study showing that as a result of tariffs, job losses among steel users exceed those in the entire steel industry. It estimates that 200,000 jobs were lost among steel users, while there are only 187,000 total people employed in the steel industry. Sixteen states lost at least 4,500 jobs, including California (19,392), Texas (15,826), Ohio (10,553), and Michigan (9,829).
The reason why steel-consuming industries lost jobs is because the tariffs greatly increased their costs — costs that could not be passed on to consumers due to the absence of inflation. Hence, these higher costs had to be absorbed out of profits. With many manufacturers already suffering losses due to the slow economy, the result was layoffs and bankruptcies. According to press reports, the World Trade Organization has ruled that the U.S. steel tariffs imposed last year violate trading rules that we have agreed to abide by. Although the Bush administration intends to appeal the ruling, its best course would be to just let the tariffs die.
His “everlasting war against terrorism” is a pretense, a con game to funnel money to his buddies. Bush has a calculating strategy whose independent variable is swag for his cronies. Any other variable doesn’t matter as long as the bottom line shows his top 1% has pillaged every last blood soaked cent it can from whatever source. Since our dear troops aren’t in the top 1%, Dubya isn’t going waste his blood soaked booty, on adequate military equipment and processes on them. So what if through his idiotic actions Dubya has forced their lives to be on the line. So what if they are the only ones whose lives are in the balance because the PNAC boys could not wait for the plundering begin, until after we built an international coalition? So what if the war was not sanctioned by the UN and now the UN won’t buckle under Dubya’s conceived to fail, unreasonable demands. For Dubya you either have the secret membership card, a big, fat wallet, or you are cannon fodder. Bush proudly struts around as being concerned for the military. What was his tremendous photo-op on the USS Lincoln, with “Mission Accomplished” behind him other than a chance for his act as the mighty, Commander-in-Chief? His words don’t match his actions. In general, the PNAC death dealers, trying to masquerade as being supportive of our troops, draw the line when that support might actually cost something. The usually conservative Army Times has run blistering editorials on this subject. Its June 30 blast, titled “Nothing but Lip Service,” begins: “In recent months, President Bush and the Republican-controlled Congress have missed no opportunity to heap richly deserved praise on the military. But talk is cheap — and getting cheaper by the day, judging from the nickel-and-dime treatment the troops are getting lately.” Various Bush cronies are making these financial killings. While they are making ill-gotten gains, can’t they provide adequate services for our youth?
There is a sucker born every day, but even the GOP can’t swallow this 20.3 billion for Iraqi reconstruction. Rep. Jeff Flake (R-Ariz.) urged that the administration press nations such as France, Russia and Germany to forgive some of Iraq’s $200 billion foreign debt, which Bremer conceded is now the United States’ responsibility. “It’s tough to make a case to give $20 billion outright,” Flake said. “There are a lot of us who are still troubled.”
What kind of person ruins the economy--allows our greatest treasure, our youth, to get massacred and still has to grasp for more spoils. Double-dealing Dubya, the self-proclaimed man who would “return honor and dignity to the White House”, can’t control his insatiable greed.
Those of you who are not benefiting by this, essentially 99% of the US, better get this straight. His tax cuts help the top 1%, and you are not in it. Also, these tax cuts will make sure that the needed social services you depend on will be slashed, as the revenues to support them go to his “Ranger” and “Pioneer” buddies. Your kids are getting an inferior education. You know people eating dog food and taking their daily prescription once a week because they can’t afford to take them as prescribed—therefore dying before their time. No one ever makes estimates regarding how inferior social services contribute to death, but the results would be staggering. His misadministration of the economy is not as blatant as the horrific scenes of young soldiers dying, but he is causing deaths in the US by his policies, probably of a much higher magnitude that in his “everlasting war against terrorism”.
You red staters, none of you are in his blue-blooded secret club. Please think about this. If you vote for him you are hurting yourself.
b. connors
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