Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Sunday, December 30, 2012

Ignoring the Climate Crisis, Fixating on Phony Ones

Water DamageWhen our children are wondering why we didn't solve the climate crisis when we had the chance, I'm sure they'll be thankful we took the time to try to gut their retirement benefits.

This morning I watched +Meet The Press host David Gregory and his panel not only agree Social Security and Medicare must be cut, but to brainstorm aloud strategy for making it happen. This very same panel had just gotten done unanimously agreeing that objective journalists are not allowed to say that Republicans are the problem in Washington. But they were now designing their very own political campaign.

Despite massive public opposition to social safety net cuts, why did these champions of objectivity assume gutting the social safety net is as American as apple pie? Because people in the insular, wealthy world of Beltway politics will never need to put off a trip to the grocery store until their Social Security check arrives. The threat of going hungry could never compare to the alleged threat of the budget deficit.

Except the same people who push deficit hysteria in public tip their hand at the negotiating table. They don't care about deficits - what they're really after is tax cuts for the wealthy:
In a tremendous irony, Republican requests for lower tax rates, a high estate tax threshold, and a permanent AMT fix; combined with Democratic requests to delay the sequester, include a “doc fix” for Medicare physicians, and extend emergency unemployment benefits; have left the parties negotiating toward a plan that would result in no net deficit reduction over 10 years, according to Senate Majority Whip Dick Durbin.
Republicans know it's all a charade - Social Security is solvent through 2038 and Medicare is solvent through 2024. And even then - at least a decade from now - the programs face not crippling bankruptcy but the need for a bit more funding. Considering effective federal tax rates have never been lower, this is not an insurmountable problem.

Meanwhile, James Hansen warned of looming climate insolvency in 1988 and the crisis went full-blown ten years later when we shattered the record for Earth's hottest year. Congress did nothing. After 14 more years of unlimited carbon pollution, 2012 has seen what will likely be America's hottest year on record, record drought and wildfires, and a climate-fueled Superstorm Sandy.

Less than two months later, global warming is once again off the radar in DC - even though just as many Americans recognize global warming is a serious problem as oppose social safety net cuts. This actual crisis, battering America right now, is rarely mentioned on television news and wasn't mentioned in any of this year's presidential debates.

Instead, pundits focus on imaginary social safety net problems and addressing the fiscal cliff austerity crisis that Congress voluntarily created, while ignoring the climate cliff we're already tumbling down. When The Onion gets it and Meet the Press doesn't, we're in big trouble.

Wednesday, August 24, 2011

Exploiting the Earthquake & Hurricane Irene to Point Out We've Cut Earthquake & Hurricane Monitoring

Earthquake DamageSince I never waste an opportunity to exploit a tragedy, I thought I'd point to this tweet from the Center for American Progress' Michael Linden in the wake of yesterday's earthquake:
US Geological Survey's budget was cut by some $20 million this year. #justsaying
And as Hurricane Irene approaches, CAP's ThinkProgress.org reports on budget cuts hurting weather monitoring & emergency response. You may also remember Gov. Bobby Jindal (R-LA) mocking funding for life-saving volcano monitoring and Republican efforts to cut tsunami monitoring at the same time the Japanese earthquake & tsunami struck.

"[P]ointing out that they cut funding on this stuff doesn’t constitute 'politicizing' any ongoing natural disasters," writes Matt Yglesias, "Astute readers will note, however, that the meaning of across the board spending cuts is that you’re cutting spending on all programs."

"Across the board" spending cuts sound equitable, hence are more politically palatable. But as Matt points out, that means cutting funding for feeding hungry children, taking care of sick people, and fighting forest fires - things that cutting might get you voted out of office. Any politician who'd rather cut funding for earthquake monitoring and feeding hungry children than raise taxes on the wealthy should have to explain that choice to voters.

Tuesday, August 2, 2011

Mark Warner Thinks Disabled Seniors, Not Big Oil, Should Sacrifice to Balance Budget

Mark WarnerSen. Mark Warner's "Gang of Six" budget plan would've repealed the CLASS Act, part of the 2010 health reform law designed to help seniors who need help with daily tasks such as bathing and dressing. Who does Sen. Warner think should not be asked to sacrifice? Wildly-profitable oil companies:
On Thursday, a handful of Senators wrote a letter (PDF) to President Obama that stated, “as you continue your negotiations, we urge you to remember the oil and gas industry is part of the solution.” Or, in other words, don’t single out big oil companies and their taxpayer subsidies as a way to reduce the deficit.

These nine Senators—six Republicans and three Democrats—have received $7.1 million in oil and gas industry cash during their career in Congress, according to our analysis of data from the Center for Responsive Politics. [...]

Ending oil subsidies didn’t make it into the tentative default deal reached over the weekend, but as Congress looks to create a commission to enact further deficit reduction measures, it’ll be important to watch what influence Big Oil and other industries will exert on the process.
Sen. Warner himself has received a smaller amount of oil & gas money relative to his oil state co-signers. But it's interesting to note the letter he signed onto tries to pass off as fact the oil & gas industry's claim to be "supporting over 9 million jobs." Just 2 years ago, the oil & gas industry was only claiming to employ less than 1.8 million people & support 4 million more. So either the oil & gas industry's share of jobs has shot up by more than a third in the midst of nationwide stagnant employment, or they now feel the need to fudge their numbers because clean energy employs more than 2.7 million Americans, 50% more than the oil & gas industry had claimed 2 years ago.

After his Gang of Six failed, Sen. Warner now wants a seat on the debt commission. Our Democratic leaders shouldn't pick someone who'll be fighting to protect Big Oil subsidies while trying to slash our social safety net.

Tuesday, July 26, 2011

What If Your Family Tightened Its Belt GOP-Style?

Claiming that cutting millions from public health & wildlife protections is about "belt-tightening" while ignoring the multi-trillion dollar Bush tax cuts is like telling your kids you're cutting their allowance but keeping the Porsche.

I'm glad the House Sustainable Energy & Environment Coalition is taking a stand.