The sequester deadline is getting closer, but – unsurprisingly – we are no closer to cutting a deal to avoid draconian cuts to a full range of programs. In all honesty, if it weren’t for the domestic and veteran-support programs that would fall under that senseless cleaver, it might not be such a bad thing in that the Defense budget would finally see some reductions. Of course, as every close observer of national politics knows all too well, cuts to the DOD turn normally conservative – even Randian – Republicans into hysterical Keynesians, warning of the dire employment consequences if the Pentagon budget were slashed. There’s some truth to that … which is why it sounds so strange coming out of Republicans’ mouths. But anyway…
It’s worth repeating Robert Pollin’s observation here that Pentagon spending is not the best way to create jobs. $1 million spent on defense creates roughly a dozen jobs. Spend that same money on education and you’re up into the mid twenties. So if the Republicans are simply looking for ways to generate employment through public spending, there are plenty of ways to accomplish that. Personally, I think their only concern – aside from winning elections – is for the welfare of the well-off. It’s really all they ever talk about, if you listen carefully to what they say.
It shows in what they do, too. Since 2010, they have raised my income taxes in a major way twice – twice! In 2011 they scotched the “Making Work Pay” tax credit, which was worth about $800 to couples. This past year, they ended the payroll tax holiday; refused to budge on that, too, in favor of extended breaks for people making $250,000 to $400,000 a year. W.T.F., Boehner, McConnell – what happened to your Norquistian anti-tax pledges? Oh, that’s right – I’m not rich, so it doesn’t apply to me.
Hey, nitz! Boehner! You want to fuel job growth through increased consumption? Here’s an easy way to do it. Raise taxes on the freaking rich, cut them on the poor and working class, and raise the minimum wage to at least $9 with indexing, as Obama proposed. When working people get money, it goes right back into the economy. We spend it like water … not because we’re profligate, but because we have to. Give more money to the rich, they’ll just sit on it, like they’re doing now.
Little piece of advice for you, Jack. No charge. Happy freaking Valentine’s day.
luv u,
jp
Listening to the series of Republican interviews that is NPR the other day, I heard some talk of raising the Medicare eligibility age as one means of covering their failed fiscal policy decisions. That has to take the prize as the stupidest idea ever proposed. Sure, take the youngest people out of the Medicare system – the people who need the least care! That’s a surefire way to bankrupt the program, which I’m sure is their ultimate aim. The G.O.P. has always hated Medicare, almost as much as they hate Social Security, despite their claims to the contrary. If they were truly serious about saving money, they would be expanding Medicare to include younger, healthier people, not the other way around.
atrocities they played a central role in committing. Even with all this, I spent a good amount of time watching that film by those French guys who were with the firehouse that first responded to the Trade Tower disaster. Gripping stuff. Those firefighters are giants.