By Manifesto Joe
While cleaning out some of my stuff, preparing to relocate for a new job, I came upon a 2003 publication from Citizens for Tax Justice that casts some interesting background on the so-called predicament in which the federal government now finds itself.
Want to guess which political party, when in executive power, did more spending paid for by borrowing?
This table shows Shares of Non-Social Security Federal Spending Paid for by Borrowing (Fiscal 1947 to 2003 projected)
Truman: none
Eisenhower: 3%
Kennedy-Johnson: 6%
Nixon-Ford: 14%
Carter: 13%
Reagan: 25%
Bush 1: 28%
Clinton: 6%
Bush 2, 2002: 23%
Bush 2, 2003: 33%
For decades, Republicans have stigmatized Democrats as the party of "tax and spend." This table raises the question: What happens when you spend, but don't tax?
At least the Democrats, when in power, have been willing and able to pay for their programs. Il Doofus (Bush 2) didn't bankrupt the country with his unpaid-for elective wars, but it wasn't for lack of trying.
Obama clearly inherited a fiscal mess and has tried to compromise, more than I and many others have been comfortable with, to enact a fix.
Meanwhile, Orange Julius & Co. seem to be doing the bidding of high rollers who don't have to be named. It's their way or the highway, no matter how the presidential election came out. Having held their "majority" in the House by gerrymandering, they apparently plan to obstruct every step of the way until November 2014, and will try to blame Obama for the mounting debt.
I don't have much faith in the intelligence of American voters. But I desperately hope they are smart enough to see through this ruse.
Meanwhile, about 2.1 million jobless Americans lost their emergency unemployment benefits yesterday. While the millionaires in Congress enjoy single-payer health care and count their pension money, many Americans will be looking at bankruptcy and perhaps homelessness.
I have little faith in the resourcefulness of humanity. But I try to believe in God, and I'm certainly not a universalist. I hope there is a Hell, and a special place in it for liars.
Manifesto Joe Is An Underground Writer Living In Texas.
Showing posts with label fiscal cliff. Show all posts
Showing posts with label fiscal cliff. Show all posts
Monday, December 31, 2012
Wednesday, December 26, 2012
Orange Julius' Merry Christmas To Jobless Americans: Your Emergency Benefits Will End
By Manifesto Joe
The best Christmas gift I could have gotten from whatever gods may be came to me on Christmas Eve. I got a job offer, after just over five months of unemployment. I happily accepted.
Not everyone out there is so fortunate, and there but for the grace of God go I. On Saturday, December 29, federal emergency unemployment benefits will end for some 2.1 million Americans, including those in my state who have been jobless for over six months.
I'm certain that Republicans, being the smug types that they are, will try to somehow blame President Obama for this, since he refused to just bend over and spread them for Orange Julius & Co. to continue all the lovely tax bonanzas for the super-rich. Obama gave away plenty trying to strike a budget deal before Christmas, and Orange Julius instead tried to float his own ludicrous "Plan B," and had to sheepishly admit that he did not have sufficient control of his own caucus to get it passed. Obama said he would have vetoed it anyway.
In any case, emergency aid for the long-term unemployed isn't part of the "fiscal cliff" deal, and after last week it looks as though there won't be a deal anyway. There are a few days left, but I'm not holding my breath.
Orange Julius isn't going to miss any meals because of this, nor will any members of his caucus. None of them will face bankruptcy, perhaps even homelessness, because of failure to reach an agreement.
But many Americans will. If I hadn't had the "cavalry" arrive in the nick of time, I could very well have been among them. I'm now in my sixth month of unemployment, and I don't have my first day at work at my new job for a few more weeks.
Polls indicate that more Americans blame the Republicans for the "fiscal cliff" crisis than blame Obama. But it's ridiculous that anyone at all blames the latter. I suppose it's a testament to how much Fox News, Rush Lardbaugh, etc., have persuaded millions of Americans that shit tastes like Beluga caviar.
Here are a couple of links to websites that explain what is happening to benefits for the long-term unemployed. I don't suppose this will provoke rioting in U.S. streets, but if it doesn't, I can't imagine what it would take.
Manifesto Joe Is An Underground Writer Living In Texas.
The best Christmas gift I could have gotten from whatever gods may be came to me on Christmas Eve. I got a job offer, after just over five months of unemployment. I happily accepted.
Not everyone out there is so fortunate, and there but for the grace of God go I. On Saturday, December 29, federal emergency unemployment benefits will end for some 2.1 million Americans, including those in my state who have been jobless for over six months.
I'm certain that Republicans, being the smug types that they are, will try to somehow blame President Obama for this, since he refused to just bend over and spread them for Orange Julius & Co. to continue all the lovely tax bonanzas for the super-rich. Obama gave away plenty trying to strike a budget deal before Christmas, and Orange Julius instead tried to float his own ludicrous "Plan B," and had to sheepishly admit that he did not have sufficient control of his own caucus to get it passed. Obama said he would have vetoed it anyway.
In any case, emergency aid for the long-term unemployed isn't part of the "fiscal cliff" deal, and after last week it looks as though there won't be a deal anyway. There are a few days left, but I'm not holding my breath.
Orange Julius isn't going to miss any meals because of this, nor will any members of his caucus. None of them will face bankruptcy, perhaps even homelessness, because of failure to reach an agreement.
But many Americans will. If I hadn't had the "cavalry" arrive in the nick of time, I could very well have been among them. I'm now in my sixth month of unemployment, and I don't have my first day at work at my new job for a few more weeks.
Polls indicate that more Americans blame the Republicans for the "fiscal cliff" crisis than blame Obama. But it's ridiculous that anyone at all blames the latter. I suppose it's a testament to how much Fox News, Rush Lardbaugh, etc., have persuaded millions of Americans that shit tastes like Beluga caviar.
Here are a couple of links to websites that explain what is happening to benefits for the long-term unemployed. I don't suppose this will provoke rioting in U.S. streets, but if it doesn't, I can't imagine what it would take.
Manifesto Joe Is An Underground Writer Living In Texas.
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