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Monday, April 25, 2011
A Real Plan for Deficit Reduction
The Congressional Progressive Caucus has a budget proposal out that is worth considering. It should embarrass the Obama administration and any supporter of the administration still harbouring the illusion that the president is all about hope and change. Krugman gives it a thumbs up, the folks at The Economist give it a thumbs up too, ditto The Guardian . . . and, of course, I have to say that my own Congressional Representative is a CPC member . . . Louise Slaughter does Western NY proud!
Who Is To Blame For The "Increase In Federal Spending?"
Facts are indeed such stubborn things. Paul Krugman
seeks to quickly ask the question of why federal spending has apparently increased so much in recent years in a blog-post today that I found most interesting. Basically what massive new federal program signed onto by the Obama Administration is spending all this money? Uh, Professor Krugman:
A large part of it is a slowdown in GDP rather than an accelerated rise in government spending.
Nominal GDP rose at an annual rate of 5.1 percent from 2000 to 2007; it only rose at a 1.7 percent rate from 2007 to 2010. How much would the ratio of spending to GDP have gone up if spending had stayed the same, but there had not been a slowdown? Here’s the answer:
So about half of the rise in the ratio is due to a fall in the denominator rather than a rise in the numerator.
That still leaves a significant rise in spending. What’s that about? Here’s one way to look at the federal budget; I compare growth rates in spending from 2000 to 2007 and from 2007 to 2010:“Income security” is unemployment insurance, food stamps, SSI, refundable tax credits — in short, the social safety net. Medicaid is a means-tested program that also serves as part of the safety net. Yes, spending in these areas has surged — because the economy is depressed, and lots of people are unemployed.CBO
What we’re seeing isn’t some drastic expansion of Big Government; we’re seeing the government we already had, responding to a terrible economic slump.
What To Read Regarding China's Economy
For those of you who don't read Foreign Affairs
they often do suggested reading lists on certain topics and this months topic is the Chinese economy which I found good and especially relevant:
This follows an article about how to tax Chinese owned American assets until they readjust their currency which I also recommend reading. Here is the jist:
The Chinese Economy: Transitions and Growth. By Barry Naughton
. MIT Press, 2007.
Economic Development and Transition: Thought, Strategy, and Viability. By Justin Yifu Lin
. Cambridge University Press, 2009.
"The Great Leap Backward?" By Elizabeth C. Economy. Foreign Affairs(September/October 2007): pp 38-59.
China's Great Economic Transformation. Edited by Loren Brandt
and Thomas G. Rawski
. Cambridge University Press, 2008.
Studies in the Economic History of Late Imperial China: Handicraft, Modern Industry, and the State. By Albert Feuerwerker
. University of Michigan Press, 1996.
Capitalism With Chinese Characteristics: Entrepreneurship and the State. By Yasheng Huang
. Cambridge University Press, 2008.
"Formal and Informal Lobbying Practices in China: The Capital's Ambivalent Embrace of Capitalists." By Scott Kennedy. China Information (July 2009).
Chinese Negotiating Style: Commercial Approaches and Cultural Principles. By Lucian W. Pye
. Quorum Books, 1992.
This follows an article about how to tax Chinese owned American assets until they readjust their currency which I also recommend reading. Here is the jist:
How would the mechanics of this tax actually work? As the administrative and legal processes leading to a tax are unfolding, the Chinese authorities would have time to preemptively change their currency practices -- a win-win outcome. The first step to instituting the tax would be for the United States to give notice, consistent with the treaty itself and prior to July 2011, that the U.S.-China tax treaty will be canceled as of January 2012. The second step would be for the U.S. Congress to amend several sections of the U.S. Internal Revenue Code that ensure tax-free treatment of income derived from financial assets held by the Chinese government and other official Chinese entities. This amendment would allow the United States to impose a withholding tax at rates determined by the Treasury Department, so long as China's currency manipulation continued.
Drawing John Berger
Sources: Ron Paul To Form Exploratory Committee Tomorrow
According to Politico, Ron Paul
Paul, who represents Texas' 14th District in the House of Representatives, adds his name to the field of potential Republican candidates, which includes names like Mitt RomneyI can't tell you how refreshing it is to see Rep. Paul run once again. He is polling much better this time, but I am most excited about him pressuring more "gun shy" candidates to answer real questions. Love him or hate him, he is sure to make the race more interesting. It will also be fun to watch Fox News, and Tim Pawlenty
, a former governor of Minnesota.
Meantime, Mississippi Governor Haley Barbour, a Republican, took himself out of the race late Monday.
One Florida Station Has The Highest Gas In The Country
Who has the highest gas prices
...one service station has taken on the mantle of being the first place to have the highest prices in the country.
Suncoast Energys, located near the Orlando International Airport, has been charging $5.69 a gallon for regular gasoline.
The US price tracker, gasbuddy.com, named the Florida filling outlet on Friday night to show the contrast between other stations on Orlando which had only been charging around $3.78 a gallon.
Charlie Cook: Trump Candidacy A "Train Wreck"
One of the most respected political handicappers in D.C., Charlie Cook, looked at the emerging GOP field and offered some analysis in which he said of Donald Trump: "sit back and watch the train wreck."
Obama 2012 Strategy Briefing
Barack Obama
's 2012 campaign manager Jim Messina delivered an early campaign briefing this week:
LINK
LINK
Mitch Daniels Among Credible GOP Candidates
When asked, I have been stating privately for sometime that I think Mitch Daniels
Democrats, too, are taking him seriously. Obama advisers see him as a credible general-election candidate, if he can survive a nomination battle. Democrats, with some encouragement from Washington, have begun to step up their criticism of him and to question whether his record will hold up to serious scrutiny.Make no mistake about it, a potential Daniels' candidacy is a real threat to the reelection of President Obama. Also, the likes of Donald Trump
EAT THE RICH! -- Lying Sack of Crap
I am reposting this link from someone else's Facebook post, even though I don't want to give more publicity to these types of non sequitur types of arguments. Basically, if you don't want to be bothered watching the video, the lying sack of crap makes an argument where he takes the idea of greater taxation on the rich, corporations, etc. to an absurd extreme where we are taking "all" of the corporate profits, rich salaries, etc. for a single year -- "eating the rich".
Beyond being stupid because nobody that I know of is actually suggesting that, I fail to see the logical conclusion of his video. So, since taking 100% of all corporate profits, rich people's salaries for an entire year, etc. would supposedly tank the economy (something that could be argued, but I will let it stand for the moment), does that mean, in your estimation that it is unfair to make the rich pay MORE (but less than 100%) to support the country than the poor?
However, my main question is this, because I have frankly never understood it: how is it that corporations are able to convince the majority (the poor and middle class) to implement economic policies favorable to the minority (the rich) against the explicit economic self-interest of the majority?
For example, the spending cuts to Pell Grants, which cuts funding for nearly 9 million students too poor to pay for college on their own, passed in the last budget by both the Republicans and Obama could have been easily saved by simply letting the Bush tax cuts on the wealthy lapse. However, whenever the idea of raising the taxes on the rich gets proposed, a bunch of jackasses like this guy and the Tea Baggers get on the internet, television, Fox News, etc. and start spreading the type of blatant misinformation and non sequitur logic present in this video. Think about it: Pell Grants are directly beneficial to poor people trying to go to college, many of whom STILL ROUTINELY vote for politicians who vote to cut funding to the program. How on earth does this happen?
If someone could explain the type of thinking that goes on here, I would very much appreciate it, because the mindset has always baffled me.
Related articles
- America Needs College Grads: Stop Pell Grants From Being Slashed (news.change.org)
- Students Can Get Max Pell Grant in 2011 (usnews.com)
- Pell Grant Cut Would Lead to Massive Financial Aid Disruptions (yubanet.com)
- Pell Grants (alleducationmatters.blogspot.com)
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Shoes.
I managed to lock myself outside of my house early this morning while investigating some birds sitting in the pine tree out in front of our house. I was wearing my pajama shorts and a t-shirt with my hair all wild looking from just waking up. And, I was barefoot!! I ended up walking a mile and a half on a rough, dirt path to reach my wife's place of work to get the spare key and a ride home!! As I was walking across the prickly path and sharp stones, I contemplated what it must be like for those who don't have shoes or socks to wear on a daily basis. I reflected upon my time living in Africa and remembered that many Africans walk barefoot everyday while carrying heavy loads of goods; usually in blazing heat. Yet, despite all that hardship, they never complained in my presence or indulged themselves in self-pity; and often they were in good spirits.
I was so impressed by those Africans that I donated my shoes to friends there upon my departure--as well as my clothes. I literally flew home with just the clothes on my body. Anyway, as I recalled my beloved Africans this morning, I was humbled yet inspired by their examples and it helped me push through the pain. Surely, I thought, I can walk a short distance barefoot if countless people around the world have no choice but to walk everywhere without shoes.
Shoes are a luxury I too often take for granted, and once I got into the building where my wife works, I was so happy to walk on soft carpet. It was the most luxurious feeling in the world!! Yet another thing I won't take for granted today. All that walking and thinking led me toward doing something pro-active about the shortage of shoes in this world. So, I researched ways to donate shoes and found a great organization that is non-denominational and non-profit, it's called "Donate Your Old Shoes." Please, consider holding a shoe donation box at your sangha, business or other place of worship. I am hoping to set up one of their boxes at my wife's office.
~Peace to all beings~
FAIL! New campaign video - Vote YES for fairer votes on May 5
This morning I've sent off my postal ballot and voted "Yes". This new campaign video by Yes2AV makes the case in a short and effective way on why AV just makes sense.
I have responded to comments made on my previous post that if we had AV last year we could have had a Labour Lib Dem Government with this updated quotation “the worst day of a Labour led Government is better than the best day of a Tory one”.
Remember there is a progressive majority in this country. Why else are the Tories opposed?
ps don't forget the Alternative Vote Debate at UEL Stratford, E15
"The Labour Party AV Debate is taking place on Thursday 28th April between John Denham MP for YES and Margaret Beckett MP for NO. It is being held at the University of East London Stratford Campus, Room CC101, Computer and Conference Building, The Green (off Water Lane), London E15 4LZ. Doors are open at 7pm for a 7.30 start. The venue is about 15 minutes from Stratford tube station, 5 minutes from Maryland station and can be accessed by a number of buses along Romford Road. The event is being organised by West Ham CLP and Lyn Brown MP. It is sponsored by UNISON Labour Link. All Labour Party members and affiliates are welcome".
Sunday, April 24, 2011
A Quick Discussion Of Ayn Rand, Atlas Shrugged, & Objectivism
Thom Hartmann
& Amanda Carey discuss the new movie Atlas Shrugged
based on the book of the same title by Ayn Rand
:
LINK
LINK
Bright Moments
Yesterday, my oldest son Doug played in the last home game of his lacrosse career at Nazareth. NAZ lost badly, but the sun shown. And today he called to tell me that his adviser told him he did an "outstanding" job on the Senior Research Project for his Biology Major. It doesn't get better than that.
My Prediction for Celebrity Apprentice Outcome
Sorry folks, there won't be any recap tonight. Personal obligations prevent me from watching tonight's episode. Not that so many people read my weekly rehash. Still, I hate the thought of anyone dropping by for water cooler tidbits and leaving empty handed.
So, I'm setting my sights on the next best thing. Prognostication. Otherwise known as the art of predicting the future and seeing what sticks. Sort of like predicting the Oscars. I might as well take a stab at it.
In last week's episode, after Gary got the ax, the men were down to three team members: John, Lil Jon, and Meat. With almost twice that amount on the women's team, I'm surprised The Donald didn't send a few women over to the men. Okay, I watched the previews. Here's the promo from NBC:
The task was to create an ad campaign for the Trump Hotel collection. Star and John took the lead as PMs. The men decided to go with a "lap of luxury, New York's finest" campaign. The women settled on a "ladies who lunch and lounge" idea. Star called it a celebration of lifestyle: "Individual elegance. Collective luxury."
Knowing what I do about The Donald, I think he'll prefer the women's concept over the men's. That's assuming the women are able to execute Star's vision. That remains to be seen.
Judging from the promos, Nene seems to be getting into everyone's face, including Star's. In case you weren't aware, Nene and Star became bitter rivals after the show. Nene complained that Star was manipulative and controlling. Star also had some choice words about Nene. Bottom line: With tension already brewing between her and LaToya, Nene could tank the team.
In contrast, the men seem focused and determined. Heck, they're down to only three members. They'd better make each one count. I'll bet each man pulls twice his weight in execution. Without Gary, they're a well-oiled machine.
Hard to believe, but I predict victory for the men. And Nene will go down in the boardroom. Just wish I was able to see it as it unfolds.
Tossa de Mar
Off message-ish homily rather than homage to a relaxing short break in Tossa De Mar, Costa Brava, Catalan. The resort is famous for its medieval walls around the old town and sandy beaches. It is also far more popular with locals than Brits and other northern Europeans. I last visited the town about 15 years ago and I was pleased to see it had hardly changed and it was as pretty and pleasant as I remembered. Some fantastic free walking maps from the local tourist information office. Along the coast (1 hr) and the hills behind the town (no shops so take all the water and snacks needed - 4 hrs). The route descriptions and way marks (see red and white strips in picture) are a little unclear at times but you should not get lost if you take your time at junctions. A less successful walk (supposed to be 3.5 hrs but took 4.5 hrs) from Tossa to Lloret spent too much time walking past endless holiday and retirement bungalows although the final couple of km along the coastal path was magnificent and made up for it. The wild spring flowers found everywhere were simply gorgeous.
As usual avoid the fixed price menus at the seafront restaurants like the plague. The better value ones tend to be the furthest away from the front. I would however recommend watching the sun go down with a cold beer from the bar in the old town overlooking the walls and the beach. During the civil war a British destroyer took off foreign nationals trapped by the fighting from this beach.
What is striking and a joy to behold is the Catalan love of their family and especially children. The grumpy and officious bus driver who refused to let us on the bus 2 minutes early then held up the queue of passengers while he made a number of attempts (unsuccessful) to make a toddler smile. On the journey itself another passenger spent most of the trip trying (equally unsuccessfully) to persuade the child that he had stolen his nose. In a restaurant a teenage girl at a family meal completely unconsciously loudly kissed and hugged her grandmother. Dogs are numerous and also clearly adored. I had thought this was a particularly British canine love affair. The near constant cacophony of barking dogs is seemingly ignored. In London this would have resulted in at the threat of an ASBO! As for the Catalan’s loving football; try finding a bar or restaurant that didn’t have a massive TV on as loud as possible when local team Barcelona played on Wednesday evening (alas impossible)
Goggling Tossa I was pleased that I had a sort of excuse not to have gone swimming (the sea was freezing) by finding this report.
Btw for the avoidance of any doubt the title of this blog is no geographic reference whatsoever to any other (unison) blogger :)
Saturday, April 23, 2011
3 Companies Project Awards
Organising, organising, organising...our new trade union mantra, especially in the outsourced private sector. The initial joint UNISON/SEIU 3 Companies project is now over. The self organising stage is next.
Good to see Bob Oram speaking (standing for re-election to NEC in North West region)
(Actually its always been about organising).
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