SDB Evening News Reads for 080211: Done Deal, Super Committee and Fake TwittersPosted: August 2, 2011 | |
Okay, I have an OPM (Other People’s Munchkin) at our house today, so this evening news reads will be on the short side. A few of the links at the end hopefully will add a lighter note to this crappy news day. We’ll just get to it.
Y’all know the deal is done…Obama signs debt bill into law – David Rogers – POLITICO.com
The bipartisan 74-26 roll call followed a 269-161 vote in the House Monday evening and the bill was quickly signed by President Barack Obama, ending an unprecedented, hard-edged political struggle that pushed the nation to the brink of default.
For a quick rundown on who voted Yea or Nay: Senate passes debt bill: How they voted – CNN Political Ticker – CNN.com Blogs
And if you are mad about this, perhaps this will make you even more angry. I linked to it on the comments of the live blog post today, but I think it should get front page notice. REPORT: Debt Ceiling Deal Will Cost 1.8 Million Jobs In 2012 | ThinkProgress
According to EPI, the plan “not only erodes funding for public investments and safety-net spending, but also misses an important opportunity to address the lack of jobs.” In particular, the immediate spending cuts and the “failure to continue two key supports to the economy (the payroll tax holiday and emergency unemployment benefits for the long term unemployed) could lead to roughly 1.8 million fewer jobs in 2012.”
Top economists and CEO’s have also weighed in against the deal and said that GOP concessions to the Tea Party will cost our economy dearly. Pimco CEO Mohamed El-Erian warned that the deal will lead to less growth, more unemployment, and more inequality. Nobel Prize-winning economist Paul Krugman called the plan “a disaster” and “an abject surrender” that will “depress the economy even further.”
And what about that Super Congress or should I say Super Committee? I saw a post over at The Weekly Standard talking about conservative republicans being part of the 12 members. I won’t link to it obviously. But, there is this over at ThinkProgress. Will Interest Groups Ride To The Rescue? | ThinkProgress
But imagine Democrats insist on higher revenue, and they decide, sensibly enough, that failure to cut a bipartisan deal is better than $1.8 trillion in cuts. (Which is probably is.) Then what? Well, then the entire defense lobby plus the entire medical and insurance lobbies turn fiercely against the very people with whom they had marched shoulder-to-shoulder under Bush. If the Democrats hold the line and insist on more revenue, the committee has the potential to split the GOP coalition wide open.
Or how about this scenario. First, Republicans refuse to agree to more revenue. Second, Democrats refuse to agree to a no-revenue deal. Third, lobbyists for the defense and health care industries get nervous. Fourth, lobbyists for the defense and health care industries remember that they are high-income people who don’t want to pay taxes. Fifth, executives at defense and health care industries remember that they are high-income people who don’t want to pay taxes. Sixth, executives at defense and health care industries start lobbying Democrats in swing districts, red states, or in which key weapons manufacturing or certain hospitals are major industries. Seventh, Democrats fold.
Labor unions, environmental groups, anti-poverty advocates, etc. all have some clout in the Democratic coalition. But rich businessmen also have clout in the Democratic coalition. And all that needs to happen for the Democrats to fold is for rich businessmen to persuade a relatively small group of congressional Democrats to start taking their side. Then a unified anti-tax GOP will roll the Democrats. What’s more, recall that it’s not as if non-business groups will be united in lockstep against surrender. Defense contractors and health care providers are firms with rich executives, but they’re also firms with working class employees who can be mobilized to beg Democrats to save them by surrendering on revenue and agreeing to modify the trigger to reduce defense and health care cuts and increase cuts to anti-poverty programs.
Well, I honestly cannot express how mad this entire thing makes me…and the helplessness I feel only makes it worse. No one is representing me in Washington, and with the new super committee, a precedent is going to be set. Whenever there is an important vote or issue up for debate, Congress will pull this shitty Super Congress of 12 out again, and the accountability will be held to just those dozen politicians. No chance for anyone to stand up for the people who voted them into office. They will only stand up for the big money donors who got them there.
Now for a bit of humor, because we sure as hell need it!
Newt is in the news again, and damn it is funny…in a pathetic way. Most of Newt Gingrich’s Twitter Followers Are Fake
Yesterday Newt Gingrich laid out a new argument for why he should be the GOP presidential nominee: He’s got the most Twitter followers. But according to a former Gingrich staffer, he bought them.
Gingrich complained yesterday that the press is ignoring his prodigious Twitter audience: “I have six times as many Twitter followers as all the other candidates combined, but it didn’t count because if it counted I’d still be a candidate; since I can’t be a candidate that can’t count.” Which is true! Gingrich currently boasts 1,325,842 followers, whereas competitors Mitt Romney and Michele Bachmann have yet to crack 100,000.
But if Newt is winning the Twitter primary, it’s because of voter fraud. A former staffer tells us that his campaign hired a firm to boost his follower count, in part by creating fake accounts en masse.
I know that Newt is pretty much out of the picture, but it is little bits of news like this that makes me laugh to myself…what an idiot.
On to The Word from Colbert…it is a good one!Vodpod videos no longer available.
With the proposed Super Congress, only 12 lawmakers will have to make unpopular recommendations, and the rest of Congress can avoid blame.
And for your last bit of laughable news bits, this latest from Joe Lieberman. Joe Lieberman Says U.S. Should Cut Social Security To Pay For Fighting ‘The Islamist Extremists’ | ThinkProgress
This past April, right-wing war hawk John Bolton suggested during an interview on Fox News that the United States should cut Social Security and Medicare to finance the defense budget.
During debate over the debt deal today on the Senate floor, Sen. Joe Lieberman (I-CT) appeared to endorse this call. Lieberman explained that he is working with Coburn on a Social Security spending reduction plan and that “we can’t protect these entitlements and also have the national defense…to protect us…with Islamist extremists”:
LIEBERMAN: I want to indicate today to my colleagues that Senator Coburn and I are working again on a bipartisan proposal to secure Social Security over the long term, we hope to have that done in time. To also forward to the special committee for their consideration. So, bottom line, we can’t protect these entitlements and also have the national defense we need to protect us in a dangerous world while we’re at war with Islamist extremists who attacked us on 9/11 and will be for a long time to come.
Ah, to think of what this guy used to be…he was my Senator when I lived in Connecticut, and I voted for this man. Now it is statements like this that make me snicker the same phrase I do with Newt…what an idiot.
I am sure you have seen lots of other news items, please share the links with us.