Thursday Reads: Crisis in Cyprus, The End of the “Creative Class” Dream, the Grand Betrayal, and Other News

coffee break

Good Morning!!

There’s quite a bit of news on the Cyprus crisis this morning. But first, last night Joe Weisenthal posted this assessment of how bad things had already gotten: In Just Days A Modern Economy Has Been Set Back 50 Years, And It May Never Be The Same Again. That’s a quote from Ciaran O’Hagan of Société Générale in Paris. Weisenthal writes:

According to reports, Cyprus will try again tomorrow to cobble together some kind of bank bailout bill that can pass parliament.

Cyprus needs to raise another 5.8 billion euros, which it could do from some combination of deposit taxes, Russian money, and pension nationalization.

None of the options are good, but until it’s done, banks will likely have to remain closed, a situation that can’t go on much longer.

This is a stunning turn of events for a modern Eurozone nation.

This morning, the news broke that the European Central Bank (ECB) has given Cyprus an ultimatum. Bloomberg reports:

The European Central Bank said it will cut Cypriot banks off from emergency funds after March 25 unless the Mediterranean island agrees on a bailout with the European Union and International Monetary Fund.

“The Governing Council of the European Central Bank decided to maintain the current level of Emergency Liquidity Assistance, ELA, until Monday, 25 March 2013,” the Frankfurt- based ECB said in an e-mailed statement today. “Thereafter, ELA could only be considered if an EU/IMF program is in place that would ensure the solvency of the concerned banks.”

The Cypriot parliament this week rejected a proposed levy on bank deposits to raise 5.8 billion euros ($7.5 billion), which euro-area finance ministers backed as a condition for the country’s bailout. A bank holiday in Cyprus has been extended to March 25, giving policy makers until Monday to find a compromise to prevent a collapse of the country’s banks.

“With this statement, the ECB put even more pressure on European finance ministers and the Cypriot government to come up with a deal,” said Juergen Michels, chief euro-area economist at Citigroup Inc. in London. “But we’ll have to see whether they’ll actually follow through with their threat if there’s no deal by Monday and policy makers decide to further extend the bank holiday.”

Read the rest of this entry »


The Audacity of Unrepentant War Criminals

Rumsfeld tweetThe Elephants of the Republican Party don’t seem to have very good memories. Diaper Dave Vitter, Ralph Reed, and even Mark Sanford seem to have continuing careers despite basic transgressions of civility and law. Words fail me on the convenient memories of the perpetrators of one of America’s greatest sins on its 10th anniversary.

The media and the Bush administration led a whole lot of people–never me–down a garden path filled with imaginary WMDs, mushroom clouds, and Al Quaida Terrorists to support its NeoCon Agenda which has cost this country precious lives and treasure. You’d have to ask the Iraqis if they feel ‘liberated’.  Too bad we can’t poll all the dead innocents because I’m sure they’d have something to say about Rumsfeld and Cheney’s War of Ideological Convenience too. It’s hard to believe they even have the audacity to pop their heads up like some Neo Con Ground Hog Day Rodents let lone make statements like the one above.  None of them can take vacations in Europe any more because most countries realize they belong in the justice system with the other War Criminals. There is nothing like the hubris of absolute gall.

There are so many things that are wrong with the lead-up and the shock-and-awe of the Iraq War that we should make yesterday a national holiday to remember the criminal enterprise that brought us the likes of Cheney, Rumsfeld, Paul Wolfowitz, Richard Perle and all the other murderous chicken hawks of the Republican Party.  Voters should be made to remember that Jeb Bush was also a signatory to neocon documents that became policies of the of group of folks that were disgruntled that Poppy Bush didn’t take the initiative to get us into Iraq after the Kuwait Invasion.  That’s another resurrection that shouldn’t happen. PNAC and all its signatories and enablers should go down in history as a list of War Criminals. Judith Miller and various other ‘journalists’ should be added to the list of enablers of war crimes too.

But, back to the absolute mistake and horror that became the Iraq invasion and occupation via Beltway Bob who mentions he got all caught up in the propaganda and complicity of the press at the time too. Even then he was showing signs of the gullibility trait that we like to kid him for around here.   Hence, his nickname. He spoke to Ken Pollack who is one of those people that should shrink into permanent obscurity.

I supported Ken Pollack’s war, which led me to support George W. Bush’s war. Both were wrong. The assumptions required to make them right — Hussein had WMDs, Hussein was truly crazy, Hussein couldn’t be contained, American military planners and soldiers could competently destroy and then rebuild a complex, fractured society they didn’t understand — were implausible.

But saying, in retrospect, that I shouldn’t have supported the Iraq War is easy. The harder question is how to avoid a similarly catastrophic misjudgment in the future.

So here are some of my lessons. First, listen to the arguments of the people who will actually carry out a project, not the arguments of the people who just want to see the project carried out. Who manages a project can be as important as what the project is.

Second, don’t trust what “everybody knows.” There is, perhaps, nothing more dangerous than a fact that everyone thinks they know, because it shuts down critical thinking. In a retrospective for Foreign Policy, Stephen Hadley, Bush’s national security adviser, said, “It never occurred to me or anyone else I was working with, and no one from the intelligence community or anyplace else ever came in and said, ‘What if Saddam is doing all this deception because he actually got rid of the WMD and he doesn’t want the Iranians to know?’ Now, somebody should have asked that question. I should have asked that question. Nobody did. It turns out that was the most important question in terms of the intelligence failure that never got asked.”

People that were that gullible and wrong do not need to be interviewed.  We need a day each year to point and laugh at them and spread national loathing in their general direction. However, I frankly believe that Dick Cheney and Donald Rumsfeld knew there were no WMDS.  They need a completely different sort’ve of treatment. The kind of treatment the court at The Hague dishes and serves cold.  I’m not sure if the President knew because frankly, at that time, he appeared at his most clueless on a scale of almost infinite cluelessness.  But, if you read the current writings of some of the men that should be standing in front of judges at The Hague, you would think that  the now well-known absence of WMDS isn’t even historically relevant. By the way, many Republicans still believe the Iraqis had them so when I say “well-known’ I leave out the cult of cluelessness that is the core Republican base.  Try this rationalization and excuse for size from HuffPo.  Richard Perle says  ‘Not A Reasonable Question’ To Ask Whether Iraq War Was Worth It.

NPR “Morning Edition” host Renee Montagne asked, “Ten years later, nearly 5,000 American troops dead, thousands more with wounds, hundreds of thousands of Iraqis dead or wounded. When you think about this, was it worth it?”

“I’ve got to say, I think that is not a reasonable question. What we did at the time was done in the belief that it was necessary to protect this nation. You can’t, a decade later, go back and say, ‘Well, we shouldn’t have done that,'” Perle responded.

Perle’s refusal to evaluate the question seems to underscore just how little those who made decisions in the lead-up to the invasion want to go back and re-evaluate a choice that most Americans think was a mistake.

The war hawk made some spectacularly wrong predictions and proclamations prior to the Iraq war. Mother Jones reported that Perle claimed Saddam Hussein had ties to Bin Laden days after 9/11, suggested that war with Iraq would be easy (requiring only about 40,000 troops), and claimed that Hussein was “working feverishly” to acquire nuclear weapons. Perle also said that Iraqis could finance their own reconstruction.

Elsewhere in Wednesday’s interview, Monagne asked Perle if it ever crossed anyone’s minds that Iraq’s deception about its chemical weapons could have been directed towards, say, Iran — with which the country fought an eight-year war — rather than the United States.

“I’m sorry to say that I didn’t achieve that insight,” Perle replied.

Perle also cast the toppling of Hussein’s reign of nearly 24 years without any centralized authority as an opportunity. “You can say we left it broken. I think we left it open for opportunity. And then we closed our own opening by moving into an occupation,” he said.

If you really want to be appalled, go read John Yoo who justifies the war by saying “We shared the benefits with the Iraqis“. Why is UC Berkely paying this man to pollute young minds?

And isn’t that what we did in Iraq? We spent billions of dollars in Iraq as damages. We did so not because the war was wrong, but because it was right — and we shared the benefits of the war with the Iraqi people by transferring some of it in the form of reconstruction funds.

It’s at these times when I understand the appeal of an almighty deity that will firmly send such folks to eternal suffering for all their hubris, ignorance, and murderous acts. However, I’d just like to see a little justice done to them here on Earth while we can.  It could start with never, ever letting them show up as experts on anything and absolute excoriation when they try to redefine their mistakes.  I know it’s too much to think the Justice Department would deliver their arrogant asses to a court.  But, I would like to think the court of opinion and the press could treat them with the contempt they deserve.  It galls me to think that they’re moving around press circles trying to spread more lies and resurrect themselves.  What they should be doing is Public Service for the rest of their lives to make living tolerable for Iraqi veterans, their families, and for Iraqis.  None of them should live any kind of life of ease nor should any of us ever let them try to forget that they are Unrepentant War Criminals.


Tuesday Reads: SCOTUS and Voting Rights, Iraq War Buildup, and Reno Saccoccia

morning paper cat dog

Good Morning!!

There’s a great big sloppy white mess outside my house this morning–something like 6 or 7 inches of heavy, wet snow. I’m not sure how I’ll get out of here; I may have to try to hire someone to dig me out. Anyway, I’m resigned to being stuck in the house for today at least.

Soooo… let’s see what happening in the news.

I’m going to start out with some news from the Supreme Court. Yesterday the court debated another voting rights case, and once again Sonya Sotomayor went toe-to-toe with right-wing judicial activist Antonin Scalia. This time it was a case from Arizona over whether a state can require proof of citizenship beyond what is required by federal voter registration forms. Here’s some background from Spencer Overton at HuffPo:

The latest case involves the simple question of whether Arizona can refuse to accept a federal voter registration form. But the stakes are much higher. A victory for Arizona could accelerate a nationwide trend of political operatives attempting to manipulate election rules for political gain, and could undermine the power of Congress to protect voting rights.

The National Voter Registration Act requires that all states “accept and use” a single, uniform voter registration form for federal elections. States can still use their own registration forms, but they must also accept and use the Federal Form. The purpose of the Federal Form is to increase participation by preventing states from erecting barriers to voter registration.

The Federal Form requires that prospective voters check a box and sign the form affirming they are U.S. citizens under penalty of perjury. Arizona, however, adopted a state law requiring “satisfactory proof” of U.S. citizenship to register, such as a birth certificate, U.S. passport, or state driver’s license that shows citizenship.

As a result, Arizona initially rejected over 31,000 voter registration applications — including citizens who registered using the Federal Form. Community-based registration drives were hit especially hard, because they rely on approaching individuals who may not be carrying a birth certificate or similar documentation (or unwilling to give a photocopy of these sensitive documents to a registration-drive volunteer). For example, community-based registration drives in Arizona’s largest county — Maricopa County — dropped 44%.

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Obviously, if Arizona wins the case, other red states would pass similar laws that would trump federal voting regulations. Yesterday, Sotomayor and Scalia “clashed” over the Arizona law. Talking Points Memo:

Much as they did weeks ago during arguments over the constitutionality of the Voting Rights Act, the two justices on Monday each led the charge on opposite sides of the case — Scalia for less federal involvement in states’ ability to set their voting laws, and Sotomayor for broad national authority to protect citizens’ right to vote.

Sotomayor’s opening volley began immediately after Arizona Attorney General Thomas C. Horne stepped up to defend his state’s law. She fired off a series of questions, which she would continue asking in different flavors throughout his argument, about inconsistencies between Arizona’s Prop 200 and the NVRA.

“If I see the purpose of the NVRA to simplify registration, how are Arizona’s provisions consistent with that objective and purpose, given that … many people don’t have the documents that Arizona requires?” Sotomayor said. She asked Horne why he thinks Congress would have required states to accept a voter registration form if states can then turn around and require additional information like a passport or birth certificate.

“Why isn’t that just creating another form?” she demanded. Arizona, she said, may object to the fact that proof of citizenship isn’t required, but “that’s what Congress decided.”

As for Scalia:

The conservative jurist wasn’t convinced requiring people to attest under oath was sufficient.

“So it’s under oath — big deal,” Scalia said. “If you’re willing to violate the voting laws, I suppose you’re willing to violate the perjury laws.” He posited that only “a very low number” of voters would be harmed by a requirement to submit proof of citizenship.

Well that makes sense–not. Why bother having witnesses swear to tell the truth in court cases then?

Of course Anthony Kennedy was his usual waffling self. Again from TPM:

At one point, Kennedy wrestled with whether Arizona’s proof-of-citizenship requirement crosses a line. He asked the state’s attorney general, who was defending the law, whether states may also require proof of one’s address or date of birth when registering to vote. If so, he posited, then the federal requirement “is not worth very much.”

At another point, he launched a defense of Arizona’s actions in principle and took issue with some of the reasoning by the Ninth Circuit Court of Appeals, which ruled against Arizona.

“The state has a very strong and vital interest in the integrity of its elections,” Kennedy said, “even when those, and perhaps especially when those are elections of federal officials. And it seems to me the Ninth Circuit’s new test did not give sufficient weight to that interest.”

Roberts is apparently “leaning slightly” toward Arizona’s point of view. It’s really frightening that voting rights are in the hands of this conservative court. Thank goodness for Sotomayor’s willingness to be vocal in her arguments. Here are couple more interesting tidbits:

“Let me give you this example,” Alito said. “A person rides up to a place to register on a bicycle and gets out and hands in the federal form. This boy looks like he is 13 years old and he is carrying school books, he is wearing a middle school t-shirt, but he has filled out the form properly. Are they required to register him?”

Retired Justice Sandra Day O’Connor, a native Arizonan who in 2010 ruled against her statein this case from a lower court on which she occasionally sits, was present in the chamber.

In the final moments, Scalia warned the Obama administration’s lawyer, who was arguing against Arizona, that if the constitutionality of the NVRA form is challenged in broader terms, “You’re going to be in bad shape — the government’s going to be.”

There was a little bit of good news from the Court yesterday, according to HuffPo: Supreme Court Refuses To Hear Goldman Sachs’ Appeal To Financial Crisis Lawsuit.

Goldman Sachs Group Inc suffered a defeat on Monday as the U.S. Supreme Court let stand a decision forcing it to defend against claims it misled investors about mortgage securities that lost value during the 2008 financial crisis.

Without comment, the court refused to consider Goldman’s appeal of a September 2012 decision by the 2nd U.S. Circuit Court of Appeals in New York. Goldman shares sank more than 2 percent.

That court let the NECA-IBEW Health & Welfare Fund, which owned some mortgage-backed certificates underwritten by Goldman, sue on behalf of investors in certificates it did not own, but which were backed by mortgages from the same lenders.

Goldman and other banks have faced thousands of lawsuits by investors seeking to recoup losses on mortgage securities.

The bank has said that letting the 2nd Circuit decision stand could cost Wall Street tens of billions of dollars.

{{applause}}

David Frum posted a fascinating article at The Daily Beast late yesterday on the lead-up to the Iraq War. Frum was a speechwriter for George W. Bush at the time. You should read the whole thing, but I’ll just quote this one intriguing portion:

The first time I met Ahmed Chalabi was a year or two before the war, in Christopher Hitchens’s apartment. Chalabi was seated regally at one end of Hitchens’s living room. A crowd of nervous, shuffling Iraqis crowded together at the opposite end. One by one, they humbly stepped forward to ask him questions or favors in Arabic, then respectfully stepped backward again. After the Iraqis departed, Chalabi rose from his chair and joined an engaged, open discussion of Iraq’s future democratic possibilities.

The last time I saw Chalabi was in his London apartment, on the very eve of war. My little group arrived past midnight. Chalabi was listening to the evocative strains of Sufi music. He showed me a black-and-white photograph of seven men, wearing the clothes of the 1940s. They were the board of directors of a company his father had founded: a mixed group of Sunni, Shiite, and Christian, and even a Jew. Chalabi remarked that this picture was taken while Europe was tearing itself apart in genocidal violence. He didn’t add that it was taken shortly after British forces defeated a pro-Axis coup in Baghdad—but failed to prevent a murderous pogrom against Baghdad’s Jewish population.

I was less impressed by Chalabi than were some others in the Bush administration. However, since one of those “others” was Vice President Cheney, it didn’t matter what I thought. In 2002, Chalabi joined the annual summer retreat of the American Enterprise Institute near Vail, Colorado. He and Cheney spent long hours together, contemplating the possibilities of a Western-oriented Iraq: an additional source of oil, an alternative to U.S. dependency on an unstable-looking Saudi Arabia.

You might imagine that an administration preparing for a war of choice would be gripped by self-questioning and hot debate. There was certainly plenty to discuss: unlike the 1991 Gulf War, there was no immediate crisis demanding a rapid response; unlike Vietnam, the U.S. entered the war fully aware that it was commencing a major commitment.

Yet that discussion never really happened, not the way that most people would have imagined anyway. For a long time, war with Iraq was discussed inside the Bush administration as something that would be decided at some point in the future; then, somewhere along the way, war with Iraq was discussed as something that had already been decided long ago in the past.

I’m running out of space, so I’ll leave you with this follow-up to the Steubenville rape trial.

Reno

From Deadspin: Fire This Asshole: Why Does Steubenville’s Football Coach Still Have His Job?

Reno Saccoccia is a local legend, in the way that 30-year coaches of football powerhouses in economically depressed Ohio Valley towns tend to be legends. He’s in the Ohio Coaches Hall of Fame. He’s won three state titles. When Saccoccia won his 300th game last year, a sellout crowd of more than 10,000 people packed Harding Stadium—christened “Reno Field” in 2007—and chanted “Reno, Reno, Reno” as he left the field.

He breakfasts regularly with the sheriff. His sister-in-law works in the county’s juvenile court, where he is licensed as a mediator. He “molds young boys into men.” So how did Saccoccia react when he got word that two of his young boys were accused of raping a passed-out student?

On the night of the assault, a Steubenville student recorded this video joking about it. Off-camera, someone says “Trent and Ma’lik raped someone.” Among the text messages released at the trial of Trent Mays and Ma’lik Richmond, one sent by Mays indicated that Saccoccia had seen the video:

Deleate that off You-tube. Coach Sac knows about it. Seriously delete it.

Saccoccia would later claim he was unaware of the social media evidence, angrily telling a reporter that he didn’t “do the internet.” But a flurry of texts sent on August 13, the day after the incident, indicated that Saccoccia had heard what had happened.

Even as all of Steubenville gradually heard the rumors, even after a local blogger alerted the country to what had happened in Steubenville, those involved in posting and sharing the photos and videos continued to play. They were only suspended eight games into the season, more than two months after the assault and arrests.

Less than a month later, Saccoccia testified on behalf of Mays and Richmond in a hearing to determine whether they would be tried as adults.

As we all know, the “boys” were tried as juveniles and got off easy. Seriously, this asshole has to go!

I have some more stories to share, but I’ll put them in the comments . . .   What are you reading and blogging about today? I’m stuck in the house, so I have all the time in the world to click on your links and read!


Saturday Late Morning Reads

groucho reading newspaper

Good Morning!!

Last night I watched an old Marx Brothers movie–Monkey Business. It’s been years since I’ve watched one of their movies, and I’d forgotten how much fun it can be. Laughter really is the best medicine. Wouldn’t it be great if we could see a movie with the Marx Brothers making people like Mitch McConnell, Paul Ryan, and David Gregory look like complete idiots?

Not that Republicans need Groucho, Chico, or Harpo to highlight their idiocy, as you can see from this story at TPM: CPAC Event On Racial Tolerance Turns To Chaos As ‘Disenfranchised’ Whites Arrive

The session, entitled “Trump The Race Card: Are You Sick And Tired Of Being Called A Racist When You Know You’re Not One?” was led by K. Carl Smith, a black conservative who mostly urged attendees to deflect racism charges by calling themselves “Frederick Douglass Republicans.”

Disruptions began when he started accusing Democrats of still being the party of the Confederacy — a common talking point on the right….Disruptions began when he started accusing Democrats of still being the party of the Confederacy — a common talking point on the right.

But “things really went off the rails” in the question and answer session.

Scott Terry of North Carolina, accompanied by a Confederate-flag-clad attendee, Matthew Heimbach, rose to say he took offense to the event’s take on slavery. (Heimbach founded the White Students Union at Towson University and is described as a “white nationalist” by the Southern Poverty Law Center.)

“It seems to be that you’re reaching out to voters at the expense of young white Southern males,” Terry said, adding he “came to love my people and culture” who were “being systematically disenfranchised.”

Smith responded that Douglass forgave his slavemaster.

“For giving him shelter? And food?” Terry said.

At this point the event devolved into a mess of shouting.

It sounds just like a Marx Brothers movie, without the jokes. There’s much more at the link–you have to read it to believe it.

More on CPAC from Gay activist and talk radio host Michaelangelo Signorile: Brian Brown, NOM Leader, At CPAC: Prop 8 Challenge Is ‘Biggest Strategic Mistake’ of Gay Rights Movement

A day before GOP Sen. Rob Portman of Ohio reversed his position and came out for marriage equality, Brian Brown, president of the National Organization for Marriage (NOM), insisted conservatives are rallying against gay marriage and that “if the Republican Party abandons traditional marriage, there is no Republican Party.” He also predicted that California’s Proposition 8 will be upheld by the Supreme Court, which is hearing arguments on the case later this month, calling the decision by gay advocates to challenge Prop 8 “the biggest strategic mistake the supporters of same-sex marriage ever have made.”

“I think people are excited [about traditional marriage],” Brown said in an interview on my SiriusXM OutQ radio program, speaking at the Conservative Political Action Conference in National Harbor, Md., on Thursday. “[Florida Senator] Marco Rubio just stood up there and said, ‘Just because I’m for traditional marriage doesn’t make me a bigot.’ And everyone stood up and cheered. The grass roots of conservatism are absolutely united behind traditional marriage. Folks I’m seeing here are absolutely committed.”

You can listen to the whole interview at the HuffPo link.

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I liked TBogg’s rude comment on Portman’s overnight conversion: Honey, I’m Homo.

If you think the rapidity with which a Republican politician, who was previously against equal rights for gays, suddenly switches sides once he discovers that Teh Ghey has invaded his happy All-American home is impressive, you should see how quickly they embrace abortion as a God-given right the moment their daughter announces that she has been knocked up.

By a black guy.

Jonathan Chait has a longer, more carefully reasoned discussion of Portman’s hypocrisy. Here’s the conclusion:

It’s pretty simple. Portman went along with his party’s opposition to gay marriage because it didn’t affect him. He thought about gay rights the way Paul Ryan thinks about health care. And he still obviously thinks about most issues the way Paul Ryan thinks about health care.

That Portman turns out to have a gay son is convenient for the gay-rights cause. But why should any of us come away from his conversion trusting that Portman is thinking on any issue about what’s good for all of us, rather than what’s good for himself and the people he knows?

Exactly.

As for Paul Ryan, he claims that “Democrats’ budget puts US on path ‘straight into debt crisis.'” From The Hill:

Ryan used the weekly GOP address to promote the budget plan bearing his name, saying it will benefit Americans worried about jobs and the cost of living, those trying to keep up with the cost of healthcare and younger workers hoping for a secure retirement. “And for taxpayers fed up with the status quo, we will cut wasteful spending,” he said….

Ryan took aim at President Obama and Senate Democrats, saying the tax increases in a proposal from Sen. Patty Murray (D-Wash.) only “fuel more spending.”

“We know where this path leads—straight into a debt crisis, and along the way, fewer jobs, fewer opportunities, and less security,” Ryan said, painting a desperate image of rising interest rates and inflating debt payments.

“Our finances will collapse,” he warned. “You think this can’t happen here? Just look at Europe.”

harpo-gookie

WTF?! Europe’s problems are being exacerbated by austerity! Is this guy for real? Here’s what the Tax Policy Center has to say about Mr. Ryan’s “budget.”

House GOP Would Need $5.7 Trillion in Tax Hikes to Offset Ryan Rate Cuts

House Budget Committee Chair Paul Ryan’s (R-WI) fiscal plan promises to balance the federal budget in 10 years, make major cuts in income tax rates for both individuals and corporations, and raise the same amount of revenue as current law. If House Republicans want to do all three, they will have to eliminate trillions of dollars in popular tax preferences.

The Tax Policy Center estimates that cutting individual rates to 10 percent and 25 percent, repealing the Alternative Minimum Tax and the tax increases included in the Affordable Care Act, and cutting the corporate rate from 35 percent to 25 percent would add $5.7 trillion to the deficit over the next decade. Thus, if House Republicans want to cut these taxes and still collect the revenues they promise, they’d have to raise other taxes by $5.7 trillion.

The tax cuts described in Ryan’s budget would generate a huge windfall for high-income taxpayers. On average, households would get a cut of $3,000. But those in the top 0.1 percent of income, who make $3.3 million or more, would get a whopping $1.2 million on average–a 20 percent increase in their after-tax income.

By contrast, middle-income households would get an average tax cut of about $900. Those in the bottom 20 percent (who make $22,000 or less) would get $40 and one-third of them would get no tax cut at all.

Some important caveats here: TPC did not estimate the revenue effects of a Ryan tax proposal since the budget does not include an actual plan. Rather, it modeled generic tax cuts that follow the outline of what his budget describes. And because his plan does not identify any tax increases, TPC modeled only the tax cuts.

Some budget. Here’s Matthew O’Brien at The Atlantic: Paul Ryan’s $5.7 Trillion Magic Trick

I’m not really a fan of magic, but I’m even less of one when it’s politicians doing the tricks.

That’s why I’ve had some less-than-nice things to say about Paul Ryan’s latest budget. Like its previous iterations, it explicitly says how he wants to cut taxes, but says nothing about how he wants to pay for it. Instead, Ryan uses a magic asterisk. He merely waves his hand, and says he’ll cut enough tax expenditures to pay for all of his tax cuts. He just can’t tell us what any of these tax expenditures are. Not a single one.

This is some pretty expensive hand-waving….this magic asterisk is worth about $1 trillion more than before. Ryan keeps the same tax cuts he had last year, but he assumes these same cuts will raise an extra 0.5 percent of GDP in revenue. In other words, it’s the same magical budgeting we’ve come to know from Ryan — but now with even more magic!

It’s particularly magical for the top 1 percent of households. The chart below from the Tax Policy Center shows the percent change in after-tax incomes for each income group from Ryan’s tax cuts. That’s what comforting the comfortable looks like.

There’s much more (with charts) at the link.

Now here’s some good news–if it holds up: Federal Judge Finds National Security Letters Unconstitutional, Bans Them. From Wired:

Ultra-secret national security letters that come with a gag order on the recipient are an unconstitutional impingement on free speech, a federal judge in California ruled in a decision released Friday.

U.S. District Judge Susan Illston ordered the government to stop issuing so-called NSLs across the board, in a stunning defeat for the Obama administration’s surveillance practices. She also ordered the government to cease enforcing the gag provision in any other cases. However, she stayed her order for 90 days to give the government a chance to appeal to the Ninth Circuit Court of Appeals.

“We are very pleased that the Court recognized the fatal constitutional shortcomings of the NSL statute,” said Matt Zimmerman, senior staff attorney for the Electronic Frontier Foundation, which filed a challenge to NSLs on behalf of an unknown telecom that received an NSL in 2011. “The government’s gags have truncated the public debate on these controversial surveillance tools. Our client looks forward to the day when it can publicly discuss its experience.”

The telecommunications company received the ultra-secret demand letter in 2011 from the FBI seeking information about a customer or customers. The company took the extraordinary and rare step of challenging the underlying authority of the National Security Letter, as well as the legitimacy of the gag order that came with it.

The national security letters are one of those holdovers from Bush that the Obama administration has defended in court. Please read the whole article if you have time–there’s a lot of good background info. Here’s the press release from the EFF. Who knows what will happen on appeal or if the case makes it to the Supreme Court, but this is very good news.

chico marx reading

Finally, we can look forward to some more insanity from the CPAC crowd today–Ted Cruz will be closing out the conference with his keynote speech–and before that there’ll be a whole assortment of mixed Republican nuts. From NPR:

It’s the last day of the annual Conservative Political Action Conference in Maryland, which will culminate in a keynote address by up-and-coming Sen. Ted Cruz of Texas. As NPR’s David Welna reports,

“Though he’s only been a senator since January, this will be the third year Texas Republican Sen. Ted Cruz is addressing CPAC. This former Texas solicitor general and Tea Party favorite got top billing at the conference after aggressively questioning former GOP senator Chuck Hagel during Hagel’s confirmation hearing to be secretary of defense.”

Also scheduled to speak are Wisconsin Gov. Scott Walker, Newt Gingrich, Rep. Michele Bachmann and Sarah Palin. (CPAC has the full schedule on its website.)

Sorry this post is so late–I hope everyone hasn’t given up on me already. If anyone is out there, please share your recommended links in the comments. I look forward to clicking on them!

Have a great weekend!


Paul Ryan Makes Major Freudian Slip

Hilarious! While introducing his budget plan today, Paul Ryan unconsciously revealed his true purpose.

From The Hill:

During the unveiling of his new budget proposal, House Budget Committee Chairman Paul Ryan (R-Wis.) made a slip of the tongue while railing against President Obama’s healthcare law.

“This is something we will not give up on because we are not going to give up on destroying the healthcare system for the American people,” Ryan accidentally said.

Here’s the clip, courtesy of DailyKos:

Bwwwwwwaaaaaahahahahahahaha!!!

That put me in mind of another great Freudian slip by the master of Freudian slips, George W. Bush.

This is psychoanalytic open thread. Just kidding–it’s wide open. What are you hearing?