Little Known Reason That Not Raising The Debt Ceiling Will Kill The American Economy

The American people and economy are likely to lose the “Exorbitant Privilege” we get from being the international Reserve Currency if US politicians continue to flirt with default. Boy am I tired of hearing Teaparty congressmen say that defaulting on our obligations by not raising the debt ceiling won’t be a problem. At least one of them has actually said that it would be a good thing. Sen. Mike Crapo (R-ID), said on Sept. 23 to PolicyMic, ” I don’t think it’ll happen, but if it did it would be very short… It all depends on what it generated. If it generates some real progress toward entitlement reform and getting tax reform teed up for activity, then I think that’s one of the best things that could happen for young people.” I really don’t think that many in Congress understand what even a single days default could mean. Continue reading Little Known Reason That Not Raising The Debt Ceiling Will Kill The American Economy

What is wrong with the Senate…

So today Senator Edward “Teddy” Kennedy’s senate seat was won in a special election by a pickup driving, health care reform hating, centerfold modeling, tax cuts for the rich loving, Republican, and listening to all the complaining by progressives about how this is the end of any hope we had of rolling back the damage “W” had done in his 8 years, and how there is no way to fix health care properly now, and how we’ll never get back to a progressive tax system, and how the sun won’t rise tomorrow…. Continue reading What is wrong with the Senate…

May The Echo Of The Lion’s Roar Prompt Action

This week we mourn the passing of the Senate’s Liberal Lion, the senior Senator from Massachusetts, Senator Edward Kennedy, or as most of us (meaning New England Progressives) “Teddy”. Even though I never met the man personally, I always recall my family referring to him as “Teddy” and as an adult so have I always just called him “Teddy”. I could go on about his accomplishments, or about how his views reflected and influenced my own, or even about how sorely missed he will be, but I won’t. At least not right now, it hurts a little too much to think about how we won’t see him in the Senate anymore, or pics of him with his dogs on his boat.

Instead, I want to express my hope that his passing may prompt some Democrats into coming back to the fold and fight for a Public option (President Obama this means you) Continue reading May The Echo Of The Lion’s Roar Prompt Action

Human Life Is Worth $20 To Corporate America

Ah dear reader, so in case you still don’t believe me about the state of our country and our little known servitude to the machine of corporate America and the wealthy, here is a story where even the Government holds a second tier status to a vast Corporate Giant. Now, before you say, well, yeah the Government shouldn’t be in a superior position to anyone, our rights are more important. This was about the public welfare and the search for a distressed man.

According to The Times-Reporter on May 20, 2009 Ohio’s Carroll County sheriff organized a search party for a 62-year-old Carrollton area man man after deputies responded to a domestic call Wednesday at 2:21 p.m. The sheriff said the caller said the man was destroying the house and breaking windows and other items. But when deputies arrived they were told the man had fled and had taken several bottles of pills. So the sheriff’s department initiated an intense search overnight by Carroll County sheriff deputies, an Ohio State Highway Patrol trooper and the patrol’s airplane. Two K-9 units, several fire departments and 100 individuals on foot also were involved in the search for the man. Sheriff Sgt. Ron Clapper and firefighters found the man about 1 a.m. the morning of May 21st after 11 hours of searching.

Now, you may be saying at this point, “So what? It’s terrible that some man in Ohio had a bit of a breakdown, but what does this have to do with the Tyranny of American Greed?” Continue reading Human Life Is Worth $20 To Corporate America

The United States of Banking and Serfdom

Ahhhh, smell that, it is the smell of destroyed dreams in the morning.  For those of you who thought my post on April 2, “This Country Needs An Enema”, was overwrought, pedantic, unrealistic, Utopian….  (umm, let me see what else did I hear, oh yeah, I forgot there were those of you who said “On the mark”, correct, the truth, a sad fact….  well you get the point) here is another post that ought to generate some emails.

So at the end of April we got a huge neon sign of a message explaining who OWNS this country.  A country “of the people, by the people, for the people” my ass… it’s a country of “the Rich”, by “the Rich”, for “the rich”.  And don’t start, I am not criticizing Lincoln , he is one of the very few true Americans ever!  And one of my personal heroes. So the neon sign of which I speak is the defeat of the measure that would have allowed judges to modify primary mortgages for borrowers in bankruptcy court by the Banking industry and it’s minions in the Senate (mostly Republicans, but with 12 Democrats sprinkled in for good measure).  Continue reading The United States of Banking and Serfdom

Can The Two Party System Survive?

And maybe more importantly, should it? We all know the story of how Washington was the only U.S. President that was not formally affiliated with a political party and that he warned in his farewell address that political parties are the most dangerous thing to democracy (I am paraphrasing).  And it is not just unlikely, but, virtually impossible, that the party system will ever be removed from politics.  Let’s face it, Washington was a dreamer if he thought anything larger than a city council could operate without parties.  But, perhaps, just perhaps, there might be an opportunity for more than just the traditional two parties.  Maybe. Continue reading Can The Two Party System Survive?

Connecticut State Senate Passes Machine Gun Ban For Children Under 16

The Connecticut State Senate just passed a ban on machine guns for kids under 16 years of age. The bill now moves to the House of Representatives, where it is expected to pass according to  MSNBC .

Ummm, are we kidding?  What kind of a society would let children under 16 handle any types of guns?   I mean seriously.  And this is Connecticut, not Podunk, USA.  It’s Connecticut, you know the state sandwiched between Boston and NYC.

"For a young person, a minor, to handle an automatic weapon … it’s like saying that it’s OK to pick up a rattlesnake and that it is somehow going to be safe," said Senate President Donald E. Williams Jr., D-Brooklyn. "It’s not going to be safe and it should not be legal and I would think that a lot of folks would be shocked that there was not a law." Yes Mr. StateTheObvious, color me SHOCKED.  But, really, I have to say it again, why just "automatic weapons"?

Now, I don’t want to hear from another person who says "where I come from there is a long history of gun ownership"…  blah, blah, blah.  Well, so do I.  I come from New England, you know, where the Minute Men started (and I mean the real Minute Men, not the right wing whack jobs that "patrol" the border).  Continue reading Connecticut State Senate Passes Machine Gun Ban For Children Under 16

Torture? What Should We Be Willing To Do To Save Lives?

So on Fox News Sunday Michael Hayden, President Bush’s last CIA director from 2006 to 2009, said releasing the memos outlining terror interrogation methods emboldened terrorist groups such as al Qaeda.   Well, there are a few issues I have with Mr. Hayden.   First off, I am not a big fan of "Blind Loyalty", but, I am even less of a fan of "Blind DISloyalty".  As a very high level appointee, albeit not a Cabinet position, of the former President it is unseemly for him to be so blatently spreading this fear mongering bile in an attempt to smear President Obama and make his and his former bosses’ illegal acts appear critical in preventing some catastrophe.  However, it certainly isn’t surprising considering the way the former VP has been behaving in his first 100 days since leaving office.   That said, let’s actually look at his "logic".

First let’s look at the Emergency Case situation, also often referred to as the "Ticking Timebomb" scenario.  I think you know what I mean, “Suppose a bomb has been planted somewhere where it will kill many people if it goes off. Suppose we have the bomber in custody, the bomber refuses to say where the bomb is. We have no other way of either locating the bomb or safely removing people from the vicinity of the bomb.  Should we torture the bomber to locate the bomb?"  Continue reading Torture? What Should We Be Willing To Do To Save Lives?

Moderates?

A few words about Sen. Evan Bayh (D-Ind.) announcing a couple of days ago the formation of a 15-person "working group" of moderate Senate Democrats that’ll focus on fiscal responsibility.  This is just what we need, let’s take the barely functioning Democratic majority and YANK 15 people out of it to stir up trouble and prevent the changes we need from being made.  This country NEEDS to work to repair the damage that has been done by the last 8 years of the Bush administration.  I am sure I will have more to say about this later but, for now, I am just fed up!!!

The Fish Stinks From The Head

A few thoughts about AIG. Personally, I am as upset as anyone about the $160 million that AIG paid in bonuses but, I am more concerned about finding out EXACTLY what they did with the rest of the $160 billion that they got.  How many foreign firms were paid from that on policies they had, etc.  There are two things about the bonus money that would be interesting.  One of them is from Senator Arlen Specter (R-PA), he had suggested that a great idea would have been to directed the board of AIG to NOT make the payments, thus forcing the executives to sue AIG.  Now, most likely AIG would loose and the contract would have been enforced but, it would have made them go on public record asking for the money, and they would have had to suffer a little indignity.

The other thing I have heard is that Congress could pass a law implementing a 100% income tax on the bonuses.  This might be unconstitutional and certainly contains a lot of "moral hazard" but, it is an interesting idea.