Beck says he’s sold his Connecticut mansion, which had been listed for more than a year. Leaving New York is something he’s hinted at on his radio show, but this is more of a confirmation of his future plans.
Beck also outlined his post-Fox News future — for his company, and himself. According to Joe Brooks of WireUpdate.com Mercury Radio Arts is going to develop a research department “that will utilize the idle brains that we have — retired CIA and military,” Beck says.
“What you are about to see in a few months is a new way to communicate with each other,” Beck predicted, adding that he’s going to “build a way to deliver news directly to the youth of America.” Much of that work will likely be headed up by Joel Cheatwood whose last day at Fox News was April 8 and who is now EVP at Beck’s Mercury Radio Arts.
Apr 18th, 2011 at 1:13 pm by susie
Two months ago, Sen. Dick Durbin (D-Ill.), a member of the bipartisan “Gang of Six” deficit-reduction talks, said the group was “getting close” to striking a deal. Two weeks ago, however, the negotiations “nearly collapsed,” and the whole initiative was on the verge of being scrapped.
As of yesterday, members of the gang signaled that the talks are not only back on track, but are also “very close” to a compromise. And given what participants are saying about the plan’s substance, Democrats will soon wish the talks had collapsed.
Sen. Mark Warner (D-Va.), a member of the Senate Gang of Six budget negotiators, said Sunday on “Face the Nation” that tackling Social Security’s solvency remains on the table for the group.
The Gang of Six is attempting to put the December recommendations of the bipartisan fiscal commission into law. Social Security does not contribute to deficit spending since it draws benefits from a separate trust fund, but the fiscal commission sought to ward off a solvency crisis for Social Security after 2037 by raising the retirement age while reducing benefits. [...]
Including Social Security in the Gang of Six package appears to be a concession by Democrats made in exchange for agreement to raise some revenue by Republicans.
In addition to needlessly going after Social Security, the gang also reportedly intends to eliminate the home mortgage tax deduction. As Warner put it, “We are going to make everybody mad with our approach.”
That’s almost certainly an understatement. It’s difficult to scrutinize a blueprint that hasn’t been released, but in addition to Warner’s comments, Sen. Tom Coburn (R-Okla.), another gang member, told Fox News yesterday that the agreement will also include spending caps on mandatory and discretionary spending, which is hopelessly insane.
By all appearances, Democrats in this group are prepared to effectively give up any hopes of progressive governance for a generation and give in to entitlement cuts, in exchange for tax increases that sane Republicans should consider a no-brainer anyway.
If the gang reaches an agreement, and it looks like the one being talked about by its members, I’m hard pressed to imagine how it could pass.
“The problem with being ahead of your time is that by the time everyone else catches up to you, you’re bored.”
- Fran Leibowitz
Coming to a theater near you — or on-demand services now:
David Cay Johnston is perhaps the best-informed reporter in the country on tax policy, and he’s been a one-man band for a long time, beating the drum for fairer taxes:
For three decades we have conducted a massive economic experiment, testing a theory known as supply-side economics. The theory goes like this: Lower tax rates will encourage more investment, which in turn will mean more jobs and greater prosperity—so much so that tax revenues will go up, despite lower rates. The late Milton Friedman, the libertarian economist who wanted to shut down public parks because he considered them socialism, promoted this strategy. Ronald Reagan embraced Friedman’s ideas and made them into policy when he was elected president in 1980.
For the past decade, we have doubled down on this theory of supply-side economics with the tax cuts sponsored by President George W. Bush in 2001 and 2003, which President Obama has agreed to continue for two years.
You would think that whether this grand experiment worked would be settled after three decades. You would think the practitioners of the dismal science of economics would look at their demand curves and the data on incomes and taxes and pronounce a verdict, the way Galileo and Copernicus did when they showed that geocentrism was a fantasy because Earth revolves around the sun (known as heliocentrism). But economics is not like that. It is not like physics with its laws and arithmetic with its absolute values.
Tax policy is something the framers left to politics. And in politics, the facts often matter less than who has the biggest bullhorn.
The Mad Men who once ran campaigns featuring doctors extolling the health benefits of smoking are now busy marketing the dogma that tax cuts mean broad prosperity, no matter what the facts show.
As millions of Americans prepare to file their annual taxes, they do so in an environment of media-perpetuated tax myths. Here are a few points about taxes and the economy that you may not know, to consider as you prepare to file your taxes. (All figures are inflation-adjusted.)
I especially enjoyed the information on just how much the poor pay in taxes — especially compared to the rich.
Let’s see: There were so many union supporters that Sarah Palin was drowned out at this Madison rally Saturday, yet the AP just can’t estimate how many of the thousands of people who attended were supporting unions. Here’s a clue, guys: They’re the only ones with the wacky, misspelled signs.
Oh, by the way: Gov. Scott Walker is planning to take over towns and fire their elected officials, just like the Republicans did in Michigan!
Capitol Police estimated about 6,500 people converged on the building Saturday, but said it was impossible to tell how many were tea partyers and how many were labor supporters.
Tea party activists are a loose coalition of community groups largely made up of people with conservative views who believe government has grown too large. They take their name from a 1773 protest in which activists in the then-British colonies in America boarded ships and dumped their cargo of English tea into Boston harbor.
“Loose coalition of community groups.” Nothing about Dick Armey or the Koch brothers’ money that’s funding this, not even a mention of where these demonstrators came from — and who paid for their buses.
The tea partyers appeared clustered in front of the building, waving “Don’t Tread on Me” flags and signs that read “Public workers — the party is over,” ”Thank you, Scott,” and “Tax and spend brings the end.”
Counter-protesters surrounded them, banging drums, bellowing into bullhorns and ringing bells. Bitter arguments broke out along the edges of the two groups over everything from the size of government to corporate power. At one point conservative blogger Andrew Breitbart took the stage and told the labor supporters to “go to hell.”
“I’m serious!” he screamed. “Go to hell! You’re trying to divide America!”
Carl Jung, genius. Talk about projection, eh?
Palin told the tea party rally that Walker is working to solve Wisconsin’s long-term budget problems so it can honor pension commitments to public workers.
“This is where the line has been drawn in the sand and I’m glad to stand with you in solidarity,” Palin said.
Oh, Mrs. Palin. Are you simply woefully misinformed, or shamelessly cynical? (I’m going with the latter.) Wisconsin’s public pension fund is fully funded.
Just keep shifting the goalposts. That’s why you get all that money, after all.
Apr 18th, 2011 at 8:48 am by susie
Sounds like Spitzer’s on a campaign to push hard for the prosecution of Goldman Sachs. This, from last week:
Eliot Spitzer challenges investment banker Goldman Sachs: “Sue me. I don’t care. You lied to the public, you should be prosecuted” during an interview with Sen. Carl Levin, chairman of the Senate subcommittee charged with investigating the causes of the financial crisis.
Here’s a transcript of what Spitzer said:
SPITZER: Senator, I’m going to take a leap. I’m going to say it out loud. Very directly.
Goldman Sachs, you lied to the public. You lied to your clients. You’ve got a problem. You come on the show. Sue me. I don’t care. You lied to the public, you should be prosecuted.
I’m going to say it right now. And I hope they are.
Listen to Spitzer challenge Holder in his appearance on Anderson Cooper, then go read this William Greider article on “How Wall Street Crooks Get Out of Jail Free”.
Then read this Politico piece on how conservative members of Congress are more upset that Holder is refusing to devote DoJ resources to prosecuting something much more important: online pornography.
Let’s see: You announce you have enough petition signatures to successfully force the recall of a WI Democratic state senator, and then just coincidentally, your recall office gets broken into and the petitions AND your office computer are “stolen.”
Uh huh. Right.
Now, imagine if the situation was reversed, and Democrats claimed their office was broken into. Oh, what moaning and gnashing of teeth from the Rethugs, claiming the whole thing was a setup!
How can anyone believe anything they say?