Posted: July 30, 2012 | Author: bostonboomer | Filed under: Catfood Commission, Medicare, Mitt Romney, Social Security, The Media SUCKS, U.S. Economy, U.S. Politics, unemployment, voodoo economics, We are so F'd | Tags: Bill Keller, Charles P. Pierce, Dean Baker, Income Inequality, infrastructure, Iraq War, Judith Miller, one-percenters, Paul Ryan, Simpson-Bowles |

Smarmy former NYT editor Bill Keller
From today’s New York Times: “The Entitled Generation.”
The notion that our generation has been spoiled rotten is not a terribly new thought. A dozen years ago Paul Begala (of Bill Clinton and CNN fame) published in Esquire the classic of boomer-loathing, “The Worst Generation.” “The Baby Boomers are the most self-centered, self-seeking, self-interested, self-absorbed, self-indulgent, self-aggrandizing generation in American history,” he declared. It’s a sturdy genre. Perhaps while Googling yourself you have come across the blog Boomer Deathwatch (“Because one day, they’ll all be dead”), a checklist of famous boomers who hit their actuarial sell-by dates. Even Barack Obama, who styles himself post-boomer though he was born in 1961, complained in “The Audacity of Hope” that today’s hyperpolarized political discourse began with the “psychodrama of the baby boom generation.”
Yeah, we’re all evil just because our parents returned from WWII and proceeded to have lots and lots of babies. Supposedly not one of us ever did a decent thing in our pathetic, useless lives, right? I’m sick to death of hear this crap–and I’ve been hearing it since I was a kid.
See Keller says it’s our fault that the government isn’t rebuilding the infrastructure. He says it won’t do any good to tax super-rich guys like him–we’re going to have to take it out of the hides of old ladies who are trying to eke out a living on $1200 a month or less.
Guys like Bill Keller don’t even have to pay into Social Security on the bulk of their income, but he doesn’t even mention the possibility of changing that. So what does super-rich one-percenter Bill Keller think we should do about it besides learning to loathe ourselves and wish we’d never been born?
So the question is not whether entitlements have to be brought under control, but how. The Republican plan espoused by Mitt Romney and his fiscal lodestar Paul Ryan would cut the cost of entitlements largely by moving toward privatization: personal investment accounts for Social Security, vouchers for Medicare. And it’s not at all clear the Republicans would assign any of the savings to investing in our future.
At least the Republicans have a plan. The Democrats generally recoil from the subject of entitlements. Centrists like those at Third Way and the bipartisan authors of the Simpson-Bowles report endorse a menu of incremental cuts and reforms that would bring down costs without hitting the needy or snatching away the security blanket from those nearing retirement. They include gradually raising the retirement age to compensate for the fact that we now live, on average, 14 years longer than when F.D.R. signed Social Security into law. They include obliging those of us who can really afford it to pay a larger share. They also include technical fixes like aligning the automatic cost-of-living formula with reality.
At least now we know which candidate Keller will be voting for in November. So much for the supposedly “liberal media.” Oh, and about that “technical fix” Keller brushes off so dismissively, Matthew Yglesias explains why it isn’t a “technical fix” and “doing the switch comprehensively would constitute a de facto tax increase.” Furthermore, there was no “Simpson-Bowles report,” because the two co-chairs were unable to get a majority of members of the Catfood Commission to sign off on one.

Judith Miller with patron Bill Keller
I have a terrific idea. Let’s hold Bill Keller responsible for his choice to assign Judith Miller to help the Bush administration lie us into the Iraq War. Let Bill Keller pay back the trillions of dollars of taxpayer money those lies cost us. That ought to provide some funds to invest in infrastructure here in the U.S.
Here’s what Dean Baker had to say about Keller’s lying op-ed:
That is really brave for Mr. Keller to stand up and call for sacrifice from his age cohort. Does Keller know that the typical near retiree has total wealth of $170,000. This includes everything in their 401(k), all their other financial assets and the equity in their homes. Another way to put this is that the typical near retiree (between the ages of 55-64) could take all their wealth and pay off their mortgage. After that they would be entirely dependent on their Social Security to cover all their living costs.
Does this situation describe Mr. Keller’s finances? My guess is that it doesn’t. If that is true, how does Keller claim to speak for people who are in a hugely different financial situation than him? Is he really that ignorant of the issues that the NYT gives him a column to write about or is he dishonest? Readers will have to debate that in the months and years ahead.
Baker says the real problem we have is the increase in income inequality over the past thirty years, but he’s not holding his breath for Keller to “appeal to his fellow one-percenters….He probably doesn’t have the courage or integrity to do that.”
I saved the best review of Keller’s op-ed for last. You guessed it, it’s by Charlie Pierce: “The Things Bill Keller Doesn’t Have to Worry About.”
I defy Bill Keller to last a week living only on those benefits available to the greedy boomers, especially after the Simpson-Bowles cargo cult — to say nothing of the zombie-eyed granny-starver Paul Ryan himself — are through with them. I defy him to make it for a day. The “we” sprinkled throughout this bag of pus is probably the most noxious thing about it. Look around, Bill. You and Mitt Romney have far more in common than do you and the overwhelming majority of your “fellow” boomers. One catastrophic illness, and many of our families die on the vine. This is not hyperbole. This is how it works in the world. And, to the surprise of absolutely nobody, Keller signs on with the clowns at Third Way, who assure us that the real problem is that the elderly moochers are the ones keeping us from building new bridges, or flying to the moons of Neptune. Jesus H. Christ on a Lipizzaner, we’ve had forty years of demonized government, and 40 years of quack economics, and tax-cuts until hell won’t have them, and the reason our infrastructure is falling apart is because some retired ironworker gets $1200 a month? How much of a courtier do you have to be before the taste of caviar makes you nauseous?
If we want to invest in infrastructure, which we desperately need to do, then we should just borrow money at the current historically low rates and fix the damn infrastructure…. People Got No Jobs. People Got No Money. Bill Keller never will have to worry about the last two, so I think he should shut up about the first.
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Posted: May 24, 2012 | Author: bostonboomer | Filed under: Catfood Commission, Democratic Politics, morning reads, U.S. Economy, U.S. Military, U.S. Politics | Tags: Alan Simpson, austerity, Barack Obama, Bush tax cuts, CBO, Charles P. Pierce, CIA leak case, Corey Booker, education policy, Emptywheel, eurozone crisis, fiscal cliff, Iraq War, Joe Wilson, John Maynard Keynes, Mark Halperin, Massachusetts public schools, Mitt Romney, Patrick Fitzgerald, Scooter Libby, Social Security, unemployment, Valerie Plame |

Good Morning!! I’ve got a potpourri of interesting links for you today, so I’ll get right to it.
Yesterday Mitt Romney gave an interview to Mark {Gag!} Halperin of Time. Halperin asked the putative Republican nominee to say specifically what the unemployment rate would be after his first year as POTUS. You may recall that not long ago, Romney stated that unemployment should be below 4 percent and that anything higher than that is unacceptable. But now he’s singing a different tune.
Romney: I can’t possibly predict precisely what the unemployment rate will be at the end of one year. I can tell you that over a period of four years, by virtue of the policies that we’d put in place, we’d get the unemployment rate down to 6%, and perhaps a little lower. It depends in part upon the rate of growth of the globe, as well as what we’re seeing here in the United States, but we’d get the rate down quite substantially, and frankly, the key is we’re going to show such job growth that there will be competition for employees again. And wages – we’ll see the end of this decline we’re having. The median income in America is down 10% in just the last four years. That’s got to stop. We’ve got to start seeing rising wages and job growth.

Romney gave no specifics about how he would achieve this with the policies he has been promoting–cutting taxes on the rich, raising them on people with lower incomes, and cutting everything except defense spending, which he would increase substantially. Halperin did ask for more specifics, but Romney just babbled a bunch of nonsense:
Halperin: One more question generally about jobs. For people out there, for voters who want to know what you’re about in terms of job creation, is there some new idea, some original idea, that hasn’t been part of the debate in American politics before, that you have that you think would lead to a lot of new jobs?
Romney: Well the wonderful thing about the economy is that there’s not just one element that somehow makes the whole economy turn around, or everybody in the world would have figured that out and said there’s just one little thing we have to do – you know, Greece is settled, and France and Italy are all back and well again. No, it’s a whole series of things. It’s a system of factors that come together to make an economy work. What is it that makes America’s economy the strongest in the world, the most robust, over a century? It’s a whole series of things – everything from our financial service sector, to the cost of our inputs, our natural resources, to the productivity of our workforce, to our labor and management rules and how they work together, to our appreciation for fair trade and free trade around the world, and negotiating trade arrangements that are favorable to us. It is a whole passel of elements that come together to create a strong economy, and for someone who spent their life in the economy, they understand how that works. And it’s very clear, by virtue of the President’s record, that he does not, and he is struggling. Look at him right now. He just doesn’t have a clue what to do to get this economy going. I do. I laid out a 59-step plan that encompasses a whole series of efforts that will together get this economy going and put people back to work.
But from what I could make out in wading through all the blather, it really comes down to the confidence that will wash through all of us once we know that Mr. Fixit, Willard Mitt Romney is going to save us.
Romney: Well actually if I’m lucky enough to be elected the consumers and the small-business people in this country will realize that they have a friend in the White House, who is actively going to encourage economic growth, and there will be a resurgence in confidence in this country and a willingness to take risks, to invest, to add employees. I think it will be very positive news to the American economy. Will I be able to get done between January 1 and January 20 the things that I’d like to do? Of course not, I’m not in office. But I believe that we will be able to have a grace period, which allows us to tackle these issues one by one and put in place a structure, which is very much designed to get America working again.
Romney also gave a speech about education policy in which he proposed to further privatize America’s education system:
Mitt Romney proposed a series of steps to overhaul the public education system, reigniting the debate over school choice as his campaign intensifies its effort to introduce the presumptive Republican presidential nominee to a general-election audience.
The education plan, detailed in a speech today in Washington, would create a voucher-like system to give low- income and disabled students federal funds to attend charter schools, private institutions and public schools outside their district.
“I don’t like the direction of American education, and as president, I will do everything in my power to get education on track for the kids of this great land,” Romney told a gathering of Latino business owners at the U.S. Chamber of Commerce.
No new ideas there. To be perfectly honest, I strongly doubt that Romney knows the first thing about American public schools. But let me refer you to an expert on Willard’s past history in dealing with public education, the one and only Charles P. Pierce. Pierce writes about what Romney did to the public education system of Massachusetts during his one term as Governor:
Read the rest of this entry »
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Posted: May 18, 2012 | Author: bostonboomer | Filed under: 2012 presidential campaign, Psychopaths in charge, U.S. Politics | Tags: Afghanistan War, bridge to nowhere, Hillsborough NH, historic monuments, Iraq War, jobs, Mitt Romney, Sawyer Bridge, stimulus funds, tourism, Vietnam War |

Mitt Romney mocks the people of New Hampshire for preserving historic landmarks
The title of this post is a quote from Mitt Romney’s speech this afternoon in Hillsborough, New Hampshire. Politico reports:
Mitt Romney used a 19th-century stone bridge here today to anchor his attacks against President Barack Obama, calling the 2009 economic stimulus the “largest one-time careless expenditure of government money in America’s history.”
“This is the absolute bridge to nowhere if there ever was one,” Romney told supporters as he motioned to the stone bridge behind him. “That’s your stimulus dollars at work — a bridge that goes nowhere. And so I hope that the president comes here, and takes a look at some of the stimulus program, there’s a long list by the way.”
Wow, the government must have really spent a lot of money for Romney to be this bent out of shape. Let’s see, how much stimulus money went into the bridge?
More than $150,000 from the federal stimulus bill was awarded to restore this one — which doesn’t cross a body of water and hasn’t had vehicle traffic in more than a century. Local officials say they want to turn the stone arch and its surrounding areas into a public park.
“It is without question the largest one-time careless expenditure of government money in American history, and the bad news is it was not just wasteful spending,” Romney continued. “It is wasteful borrowing as well because we still are going to be paying on that debt for years and years and years.”
Wait a minute! That has to be a misprint, right? Why just today Mitt and Ann Romney donated $150,000 to his presidential campaign. He must have meant $150 million went to the bridge. But no, the entire cost of the restoration was about $288,000, with the state providing the start-up funds.
What is Romney getting at here? Does he want to stop preserving historical sites and monuments? Is it really wrong for small towns like Hillsboro that are dependent mostly on tourism to want to preserve their historic sites and at the same time build lovely parks to attract visitors who might also spend their money in town? At the same time, the project provided much-needed jobs for New Hampshirites struggling to survive in a difficult economy.
The bridge that Romney complained about is named Sawyer Bridge, and it is one of the few remaining stone arch bridges in New England. The town of Hillsborough is home to four of them. From Huffington Post:
Romney’s attack on the $288,000 bridge restoration will run into several immediate challenges: Funding for the project was overwhelmingly supported by state Republicans, including a significant number who have now endorsed Romney for president. The infrastructure project created much-needed jobs during tough economic times. And it left behind a public park enjoyed by Granite State residents who take great pride in their early-American and colonial history — and who will be casting critical, swing-state votes in November. It’s a curious breed of conservatism that would find offense in the job-creating conservation of a stone arch bridge that is one of the earliest examples of dry-laid masonry vaults in New England.
I have to wonder, is Romney opposed to any federal support to preserve historic sites? What about the National Parks? Would Romney sell off that land if he were president? Would he open them to oil drilling and other kinds of industrial development?
Think about it. For Romney expenditure of $150,000 in federal stimulus funds represents “the largest one-time careless expenditure of government money in American history.” Really? I can think of some worse, more careless expenditures of government money. What about the Vietnam War? What about the Wars in Iraq and Afghanistan, which Bush financed with borrowed money that was kept off-budget?
Just to get a sense of the financial cost of those wars, I located this paper by Stephen Daggett of the Congressional Research Service (PDF) that lists the costs of America’s wars in $2011 dollars. According to Daggett in 2011,
Since the terrorist attacks of September 11, 2001, Congress has appropriated more than a trillion dollars for military operations in Afghanistan, Iraq, and elsewhere around the world. The House
and Senate are now considering an additional request for $33 billion in supplemental funding for
the remainder of FY2010, and the Administration has also requested $159 billion to cover costs of
overseas operations in FY2011.
That’s more than the cost war in Vietnam, which in 2011 dollars was $738 billion. At that time the war in Iraq had cost $784 billion and the war in Afghanistan had cost $321 billion. And Romney is whining about New Hampshire getting $150 THOUSAND to restore a historic bridge while creating jobs and increasing income from tourism?
There is something seriously wrong with the way this man’s mind works.
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Posted: December 15, 2011 | Author: bostonboomer | Filed under: #Occupy and We are the 99 percent!, 2012 presidential campaign, Banksters, Barack Obama, Civil Liberties, George W. Bush, income inequality, indefinite detention, Medicare, morning reads, net-neutrality, Psychopaths in charge, Republican presidential politics, U.S. Economy, U.S. Military, U.S. Politics, We are so F'd, WE TOLD THEM SO | Tags: ACLU, Afghanistan War, AUMF, Carl Levin, CEO salaries, defense authorization bill, Diane Feinstein, Emptywheel, Harry Truman, Human Rights Watch, indefinite detention, Iraq War, John McCain, Newt Gingrich, taxes, terrorism |

Good Morning!!
So far I haven’t been locked up in Guantanamo or debtors’ prison. I hope the rest of you Sky Dancers still have your freedom too, such as it is.
Yesterday the U.S. House of Representatives passed the Defense Authorization bill, which includes language permitting indefinite detention by the military of “al Qaeda members” without specific charges or trials. You can read the bill here.
Our craven and cowardly President had promised to veto this bill, but today the White House reneged on that promise, and Obama is set to sign it once it passes the Senate tomorrow or Friday.
The White House backed down from its veto threat of the defense authorization bill Wednesday, saying that the bill’s updated language would not constrain the Obama administration’s counterterrorism efforts.
While the White House acknowledged it still has some concerns, press secretary Jay Carney said President Obama’s advisers wouldn’t recommend a veto, a threat that had been hanging over the Pentagon policy bill for the past month.
Obama and his crew don’t care about the fifth amendment, habeas corpus and all that jazz–just that the president is the one who decides who is an “al Qaeda member” and therefore will be whisked away to indefinite detention. Wanna bet there are suddenly going to be a lot of “al Qaeda members” in the Occupy movement? From Anti-War.com:
As revealed in the Senate deliberations last week, the Obama administration itself requested the principal authors of the provision – John McCain and Carl Levin – to include language authorizing due-process-free military custody for American citizens. The initial threat of veto was apparently nothing more than political theater on the part of the White House.
According to The Hill, the following changes satisfied the White House concerns:
The bill deleted the word “requirement” from the section on the military detention of terror suspects, which was among the most contentious parts of the bill.
The national security waiver allowing the executive branch to move terror suspects from military to civilian courts was placed in the president’s hands rather than the Defense secretary’s, a change Levin said Obama had asked for.
The conference bill was based on the Senate language, which was not as harsh as the House bill when it came to trying terror suspects in civilian courts.
The administration called the provision in the bill that establishes the authority for military detentions unnecessary because the executive branch already was given this authority following Sept. 11.
Carney’s statement said if the administration finds parts of the law “negatively impact our counterterrorism professionals and undercut our commitment to the rule of law,” it expects the bill’s authors will correct those problems.
Oh well, then no worries… Except that lots of people who care about the Constitution aren’t so happy about it. Here’s a statement from Laura Murphy of the ACLU:
“The president should more carefully consider the consequences of allowing this bill to become law,” Laura W. Murphy, director of the ACLU Washington Legislative Office. “If President Obama signs this bill, it will damage both his legacy and American’s reputation for upholding the rule of law. The last time Congress passed indefinite detention legislation was during the McCarthy era and President Truman had the courage to veto that bill. We hope that the president will consider the long view of history before codifying indefinite detention without charge or trial.”
Unfortunately, Barack Obama is no Harry Truman.
Here’s a statement from Human Rights Watch:
“By signing this defense spending bill, President Obama will go down in history as the president who enshrined indefinite detention without trial in US law,” said Kenneth Roth, executive director of Human Rights Watch. “In the past, Obama has lauded the importance of being on the right side of history, but today he is definitely on the wrong side.”
The far-reaching detainee provisions would codify indefinite detention without trial into US law for the first time since the McCarthy era when Congress in 1950 overrode the veto of then-President Harry Truman and passed the Internal Security Act. The bill would also bar the transfer of detainees currently held at Guantanamo into the US for any reason, including for trial. In addition, it would extend restrictions, imposed last year, on the transfer of detainees from Guantanamo to home or third countries – even those cleared for release by the administration.
There are currently 171 detainees at Guantanamo, many of whom have been imprisoned for nearly 10 years. As one of his first acts in office, Obama signed an executive order for the closure of Guantanamo within one year. Instead of moving quickly to close the prison and end the use of the discredited military commissions, he supported modifications to the Military Commissions Act.
“It is a sad moment when a president who has prided himself on his knowledge of and belief in constitutional principles succumbs to the politics of the moment to sign a bill that poses so great a threat to basic constitutional rights,” Roth said.
The bill also requires the US military take custody of certain terrorism suspects even inside the United States, cases that previously have been handled by federal, state and local law enforcement authorities. During debate over the bill, several senior administration officials, including the secretary of defense, attorney general, director of national intelligence, director of the FBI, and director of the CIA, all raised objections that this provision interfered with the administration’s ability to effectively fight terrorism. In the last 10 years over 400 people have been prosecuted in US federal courts for terrorism related offenses. Meanwhile during that same period, only six cases have been prosecuted in the military commissions.
“President Obama cannot even justify this serious threat to basic rights on the basis of security,” Roth said. “The law replaces an effective system of civilian-court prosecutions with a system that has generated the kind of global outrage that would delight recruiters of terrorists.”
The bill also reauthorizes the AUMF that Bush used to get us into Iraq. Emptywheel has a lengthy post in which she wonders: Feinstein’s “Fix” on AUMF Language Actually Authorize Killing American Citizens? You probably should read the whole thing, but here’s the summation:
…by affirming all purportedly existing statutory authority, DiFi’s “fix” not only reaffirmed the AUMF covering a war Obama ended today, but also affirmed the Executive Branch’s authority to use deadly force when ostensibly trying to detain people it claimed present a “significant threat of death or serious physical injury.” It affirms language that allows “deadly force” in the name of attempted detention.
In any case, it’s one or the other (or both). Either the AUMF language became acceptable to Obama because it included American citizens in the Afghan AUMF and/or it became acceptable because it affirmed the Executive Branch’s authority to use deadly force in the guise of apprehending someone whom the Executive Branch says represents a “significant threat.”
My guess is the correct answer to this “either/or” question is “both.”
So DiFi’s fix, which had the support of many Senators trying to protect civil liberties, probably made the matter worse.
In its more general capitulation on the veto, the Administration stated that the existing bill protects the Administration’s authority to “incapacitate dangerous terrorists.” “Incapacitate dangerous terrorists,” “use of deadly force” with those who present a “significant threat of death or serious physical injury.” No matter how you describe Presidential authority to kill Americans with no due process, the status quo appears undiminished.
Finally Al Jazeera asks: Is the principle of indefinite detention without trial now an accepted and permanent part of American life? I wonder if Michelle Obama is still proud to be an American today?
There is some other news, of course. For one thing, it seems as if Rep. Ron Wyden of Oregon must have more energy I can imagine having. As of today he managed to get the decisions on rural post office closings postponed until next May; he joined with Rep. Paul Ryan (!) to propose a medicare overhaul; and he and Darrel Isa (!) have proposed an alternative to the entertainment industry bill that would effectively shut down social networking on the internet. Check out those links if you’re interested.
One of my favorite economists, Robert Reich, has an analysis of Newt’s Tax Plan, and Why His Polls Rise the More Outrageous He Becomes.
Newt’s plan increases the federal budget deficit by about $850 billion – in a single year!
….
Most of this explosion of debt in Newt’s plan occurs because he slashes taxes. But not just anyone’s taxes. The lion’s share of Newt’s tax cuts benefit the very, very rich.
That’s because he lowers their marginal income tax rate to 15 percent – down from the current 35 percent, which was Bush’s temporary tax cut; down from 39 percent under Bill Clinton; down from at least 70 percent in the first three decades after World War II. Newt also gets rid of taxes on unearned income – the kind of income that the super-rich thrive on – capital-gains, dividends, and interest.
Under Newt’s plan, each of the roughly 130,000 taxpayers in the top .1 percent – the richest one-tenth of one percent – reaps an average tax cut of $1.9 million per year. Add what they’d otherwise have to pay if the Bush tax cut expired on schedule, and each of them saves $2.3 million a year.
To put it another way, under Newt’s plan, the total tax bill of the top one-tenth of one percent drops from around 38 percent of their income to around 10 percent.
What about low-income households? They get an average tax cut of $63 per year.
Oh, I almost forgot: Newt also slashes corporate taxes.
Wow!
Dakinikat clued me in to this post at Naked Capitalism: “Let Them Eat Pink Slips” CEO Pay Shot Up in 2010, which links to this article in the Guardian.
Chief executive pay has roared back after two years of stagnation and decline. America’s top bosses enjoyed pay hikes of between 27 and 40% last year, according to the largest survey of US CEO pay. The dramatic bounceback comes as the latest government figures show wages for the majority of Americans are failing to keep up with inflation.
America’s highest paid executive took home more than $145.2m, and as stock prices recovered across the board, the median value of bosses’ profits on stock options rose 70% in 2010, from $950,400 to $1.3m. The news comes against the backdrop of an Occupy Wall Street movement that has focused Washington’s attention on the pay packages of America’s highest paid.
The Guardian’s exclusive first look at the CEO pay survey from corporate governance group GMI Ratings will further fuel debate about America’s widening income gap. The survey, the most extensive in the US, covered 2,647 companies, and offers a comprehensive assessment of all the data now available relating to 2010 pay.
And these oligarchs couldn’t care less if we like it or not. They own the White House and the Congress and we don’t.
I’ll end with a bizarre and very sad story out of Utah:
Thousands of migratory birds were killed or injured after apparently mistaking a Wal-Mart parking lot, football fields and other snow-covered areas of southern Utah for bodies of water and plummeting to the ground in what one state wildlife expert called the worst mass bird crash she’d ever seen.
Crews went to work cleaning up the dead birds and rescuing the injured survivors after the creatures crash-landed in the St. George area Monday night.
By midday Wednesday, volunteers had helped rescue more than 3,000 birds, releasing them into a nearby pond. There’s no count on how many died, although officials estimate it’s upwards of 1,500.
“They’re just everywhere,” said Teresa Griffin, wildlife program manager for the Utah Division of Wildlife Resource’s southern region. “It’s been nonstop. All our employees are driving around picking them up, and we’ve got so many people coming to our office and dropping them off.”
Those are my recommendations for today. What are you reading and blogging about?
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