Be INFORMED

Friday, August 12, 2011

Mitt Romney’s Tax Increases/Massachusetts Credit Rating

Politico:

Gov. Mitt Romney lobbied the credit ratings agency Standard & Poor’s in 2004 to raise his state’s credit rating in part because Massachusetts had raised taxes during an economic downturn two years earlier.

The claim was part of a presentation to the ratings agency obtained by POLITICO under a state freedom of information law from the Massachusetts Executive Office of Administration and Finance.

  It was just recently that Romney ( weird guy ) stated that President Obama should meet with the S&P.

"The president really ought to personally sit down and meet with S&P. I did that when I was governor; I met with the ratings agencies and talked about our future and tried to instill confidence in our future because, look, how they rate our debt and how they rate our future as a nation will affect the interest costs that we end up paying and will affect homeowners and borrowers all over the country,"

    One more little tidbit.

“When you’re talking to ratings agencies, you are trying to emphasize your fiscal strengths irrespective of what might be your long-term policy,” said Kriss, who said Romney had been “vehemently opposed” to the tax increases despite their role in balancing the budget.

  Go and read the entire story here as it is an interesting article.

   Tax increases and spending cutbacks work for a state, but they wouldn’t do the same for the entire United State? Bullshit.

That Iowa Republican Debate…

…had some interesting moments, to say the least.

   It was GOP verbal wrestling in some spots between Michele Bachmann and Tim Pawlenty,and then Newt Gingrich went off slightly on host Chris Wallace because Wallace asked him about the state of his campaign after the resignations of all of his staffers. Gingrich did not care for the question.

"I took seriously Bret's injuction to put aside the talking points," Gingrich began, referring to a request from Fox New moderator Brett Baier at the beginning of the debate that the candidates not waste time with canned answers. "And I wish you would put aside the 'gotcha' questions."

Wallace sat, silent and smirking.

"I'd love to see the rest of tonight's debate asking us about what we would do to lead an America that has a president that has failed to lead instead of playing Mickey Mouse games," he said."I think that there's too much attention paid by the press corps about the campaign minutiae and not enough paid by the press corps to the basic ideas that distinguish us from Barack Obama."  Source

  Poor old Newt.

  For whatever reason, Fox News video never embeds on this site, so the best that I can do is to provide the links for you.

Pawlenty vs. Bachmann

Gingrich vs. The Media

Rick Santorum vs. The Tenth Amendment

 

 

 

 

 

 

 

Thursday, August 11, 2011

Schakowsky's Awesome Jobs Bill

By Nulwee for Anti-Capitalist Chat   Thu Aug 11, 2011

Jan Schakowsky, a high-profile Progressive Caucus congresswoman from Illinois, has released a jobs bill.  In her statement, she announced to America that the "worst deficit this country faces isn’t the budget deficit.  It’s the jobs deficit. We need to get our people and our economy moving again.”

And her bill does precisely that in a very noble and brave step forward.

Schakowsky scathingly rebuked Washington corporatist policies in her statement.

"If we want to create jobs, then create jobs.  I’m not talking about 'incentivizing' companies in the hopes they’ll hire someone, or cutting taxes for the so-called job creators who have done nothing of the sort. My plan creates actual new jobs."

Her proposal would lower unemployment by over a percentage and, even better, match expenses to revenues by raising taxes on two different groups, millionaires and billionaires. She was wise, it seems to me, to avoid more Beltway silliness over the $250,000 tax bracket.  It's much harder to advocate for the rich having to use the words millionaires and billionaires.

According to the Huffington Post:

The School Improvement Corps would create 400,000 construction and 250,000 maintenance jobs by funding positions created by public school districts to do needed school rehabilitation improvements.

The Park Improvement Corps would create 100,000 jobs for youth between the ages of 16 and 25 through new funding to the Department of the Interior and the USDA Forest Service’s Public Lands Corps Act. Young people would work on conservation projects on public lands including the restoration and rehabilitation of natural, cultural, and historic resources.

The Student Jobs Corps would create 250,000 more part-time work study jobs for eligible college students through new funding for the Federal Work Study Program.

The Neighborhood Heroes Corps would hire 300,000 new teachers, 40,000 new police officers and 12,000 new firefighters.

The Health Corps would hire at least 40,000 health care providers, including physicians, nurse practitioners, physician assistants, nurses, and health care workers to expand access in underserved rural and urban areas.

The Child Care Corps would create 100,000 jobs in early childhood care and education through additional funding for Early Head Start.

The Community Corps would hire 750,000 individuals to do needed work in communities, including housing rehab, weatherization, recycling, and rural conservation.

In addition, the bill would give priority to the longterm unemployed -- the so-called "99ers" who have exhausted both their state and federal unemployment benefits. Federally extended unemployment benefits are set to expire this year, even though nearly 14 million Americans remain out of work and it takes the average worker nine months to find a new job.

It would be very difficult for me to disagree with the items in the proposal in any meaningful way. Public lands spending is severely restrained in a nation of our size.  We have multi-billion dollar losses from invasive weeds, from wildfires, from poor water and soil conservation.  This is subsumed under green energy interests even in the best of times.  Many of the items clearly focus on young people, who are most likely to be unemployment and, what's more, from being suppressed economically, cannot restore the broken housing market or raise national consumer spending.

Beyond that, Federal Work Study (FWS) is lifeblood for students who struggle to pay for college. Without it, many students cannot stay in, or will graduate with a ton of debt and far less experience than they could have in their fields.

It's so nice to see actual proposed legislation that incorporates elements of things suggested by myself and other kossacks for some years now.

99ers will need new skills (1+ / 0-)
As I understand it, a lot of the 99ers have job skills for which there is no longer any demand--because industries have vanished, etc.  Many of these people will require job training--the stuff the Pres. has been talking about for years.  But overall, the positions discussed in this bill (save some education positions) are attainable with only moderate training.  Getting 99ers back in the market no matter what is the right priority.

by bigkens on Thu Aug 11, 2011 at 07:31:48 AM PDT

Originally posted to Anti-Capitalist Chat on Thu Aug 11, 2011 at 05:35 AM PDT.
Also republished by Progressive Policy Zone and Young Kos.

New Hypersonic Glide? Isn’t The U.S. Broke?

      It is downright funny how our members of the government get on television and tell the population that we ( the middle class and the poor) must all sacrifice during this time of our bad economy because the United States has no money to spend on social services needed by the working/non-working poor in this country. Hell, our government harps that we need to cut back on Medicare, Social Security, and anything else that would help us. Yet, we can still find the money to finance the corporations which build weapons for our military, and not even bat an eye at the cost?

     Our newest toy is a hypersonic glider which runs at 13,000 miles per hour. That’s something that I have always felt that we needed. Not!

   So they took this thing up to the edge of space and then let it fly back down towards the planet and into the ocean. Wonder how much that little task cost us?

A rocket carried the agency's Falcon Hypersonic Technology Vehicle-2 to the edge of space, where it separated from the booster to maneuver through the atmosphere at 13,000 mph. Minutes into the flight, the agency said the mission was on track in its glide phase. The mission will end with a plunge into the ocean.

The U.S. military is trying to develop technology to respond to threats around the globe at speeds of Mach 20 or greater.

   How about taking the money that this glider cost and then responding to some of the threats in the United States. You know. Things like unemployment, a jobs program, and some real healthcare for everybody.