But they still try to explain the debt ceiling game:
It does my heart good to see the reception Scott Walker gets everywhere he goes:
Obama statement today:
And, so, that’s where I have a selling job, Chuck, is trying to sell some of our party that if you are a progressive, you should be concerned about debt and deficit just as much as if you’re a conservative.
And the reason is because if the only thing we’re talking about over the next year, two years, five years is debt and deficits, then it’s very hard to start talking about how do we make investments in community colleges so that our kids are trained. How do we actually rebuild $2 trillion worth of crumbling infrastructure.
You know, if you care about making investments in our kids and making investments in our infrastructure and making investments in basic research then you should want our fiscal house in order so that every time we propose a new initiative, somebody doesn’t just throw up their hands and say more big spending, more government. You know, it would be very helpful for us to be able to say to the American people, our fiscal house is in order.
So, now the question is, what should we be doing to win the future and make ourselves more competitive and create more jobs and what aspects of what government’s doing are a waste, and we should eliminate. And that’s the kind of debate that I’d like to have.
Yes, we know that’s the kind of debate you’d like to have. That’s what’s so depressing.
First of all, we have an endless supply of money. If I could be so rude as to point this out, we have all the money in the world for wars and banker bailouts. What we don’t have is political will to do anything that doesn’t help rich people.
And our political system is broken, completely corrupted by corporate influence. That’s why I can’t even get mad at Obama personally anymore, he’s just a universal archetype of the Corporate Politician. At that level, they’re all like that.
I keep thinking about a conversation I had back in 2007, when one of the progressive organizations came out and endorsed Obama. I was so mad, I called the executive director (who I know) and said, “Why would you endorse this guy? You know he’s not a progressive.”
“Yeah, we know that,” he said. “But he’s popular with young voters and we think he’ll bring a lot of new, progressive congress members with him. So we’ll have the Chicago machine running the country for eight years! It’s a trade-off we can live with.”
“Who’s this ‘we,’ white man?”
Never underestimate the degree of cynicism that goes into these decisions. The rest is just marketing.
Look, we’re getting screwed on this debt deal. At this point, the only question is which orifice is the point of entry, and which particular group is at the front of the line for the gang bang.
McConnell’s plan mandates a major review of entitlements!
That’s how much more area CEOs are making than their lowest paid employee. Will Bunch points out that Philadelphia’s CEO compensation is even above the national average – but of course, the workers are the ones paying for it:
A Daily News survey of 51 CEOs of publicly traded companies in Philadelphia and its nearby Pennsylvania suburbs – firms in which the leadership didn’t change and have reported their 2010 data – found that their average pay raise last year was a whopping 32.6 percent.
Not that Philly’s CEOs were hurting in 2009, when their average compensation was more than $3.38 million. But, last year the typical top boss got a raise that topped $1 million, to more than $4.48 million.
Their pay hikes on steroids – including bonuses and other things that you probably didn’t get, like stock and pension benefits, on top of base salary – is more than 10 times higher than the average American worker’s raise of just 2.7 percent.
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The Democratic party has become like a wall of slot machines at the casino, with people frantically moving from one machine/politician to the next, hoping this time they’ll hit the jackpot and finally get some policies that actually help us.
But we’re just about out of quarters. And anyway, the house always wins.
House Speaker John Boehner and his Tea Party comrades regularly assail “job-killing regulations that are strangling employers all over the country.” Lurid, graphic, and no doubt focus group and message dial tested, these very words – job-killing regulations strangling employers – are on the palm cards for every conservative politician or Fox News anchor.
But, as House Majority Leader Eric Cantor would say, “How can anyone believe that?” Here’s a chart of what’s happened to corporations and to workers since the recession officially ended. Profits are up; CEO salaries are soaring. It isn’t employers who are being strangled; it is their workers.
Go read the rest.
Reid and McConnell put together a backup plan.
What is emerging as the most likely outcome is a plan based on Messrs. McConnell and Reid’s work, a Democratic official familiar with negotiations said. It would include roughly $1 trillion in deficit reduction, but would not come with tax increases or Medicare savings, the official said. It could include an extension of unemployment insurance, the official said, which costs $40 billion and would be offset by spending cuts.
Mr. Obama suggested in Thursday’s meeting that leaders end tax breaks for ethanol producers, oil and gas companies and corporate jet owners, and offset those tax increases with an extension of the payroll tax credit for employees, a Democratic official familiar with the meeting said, but Republicans said they would not support it.
Mr. Obama said he still prefers a larger plan, but the only way to get even to a $2 trillion deal is to include tax increases, which Republicans flatly oppose, or Medicare cuts, which Democrats oppose without concessions from Republicans on taxes. Mr. Obama will hold a news conference Friday morning.
In other words, if Boehner can browbeat the House Republicans in to budging on tax increases, the Dems are going to cut Medicare. Oh, yay!