Showing posts with label U.S. economy. Show all posts
Showing posts with label U.S. economy. Show all posts

Crisis in Libya: Al Franken Gets It

Did you watch the President's speech on Monday night? Reviews are mixed, naturally, depending on the agenda of the reviewer. Here's a quick sampling before moving beyond the pundits to talk about Senator Franken's pragmatic action.
@thenation
The Nation

Obama tries, without success, to explain an undeclared war. By John Nichols. http://bit.ly/fxeZq0
From the other end of the spectrum:
@NewsHour
NewsHour


Pres. Obama accomplished three main goals to three distinct audiences at his speech on #Libya http://ow.ly/4oHYO
Even people who felt Gadhafi was presiding over a beastly, cruel, and violent repression of Libyan citizens are rightly concerned about the cost, particularly given how the two major U.S. military operations in the last decade added to the deficit. Senator Al Franken (D-MN) is set to introduce a bill to assure that military operations, such as the undeclared wars in Iraq and Afghanistan, don’t get a free pass to float a check - that military spending won't add to our national debt.

Senator Franken has expressed concerns about the potential cost of military operations in Libya, saying, "You know, so far the administration said we can pay for it in the regular military budget but at a certain point, that may not be the case." Franken continues to be a forceful presence in the Senate, focusing on productive work rather than simply posturing for the press.

The debate will continue about what we should have done about the slaughter of civilians, and what the role of the U.S. government and diplomacy should be outside our borders. With so much of our budget already dedicated to the military I'm glad somebody has the courage to face reality and confront the hard choices we face instead of passing the cost-burden along. Thank you, Senator Franken.
Thomas Hayes is a New Media Advisor, Political Consultant, Journalist, Entrepreneur, and former Congressional Campaign Manager; he believes in "follow the money" when following politics, and continues his 12-step recovery from the years spent as a Programmer/Database Administrator by carrying his camera nearly everywhere and writing on topics ranging from economics and politics to culture and community.
You can follow Tom as @kabiu on twitter.

Too Rich to Fail?

Budget shortfalls in many states have helped shine the spotlight on fiscal responsibility, but as we've seen in Wisconsin when there are political careers on the line rhetoric tries to muscle its way into the spotlight, too. There is no guarantee of objectivity left in commercial "mainstream" media in the U.S. anymore; the chase after "bottom line" success has also chased truth and journalistic standards into full retreat.

Now elected so-called leaders want to chase education into full retreat, too. With the full complicity of ratings-driven networks who will present any side of an issue if they make a buck today, the folks who can afford to pay as much for their kid to attend an elite private academy every year as the rest of us can justify for a graduate school have decided public schools and the people who teach them are no longer a priority.
"...in the derivatives market alone, $600 trillion is in play. That’s why the players, and the Chamber of Commerce, are lobbying so hard to be left alone..."
from "$6 Trillion in play: derivatives markets"
18 February 2011 at realitytax
We bailed out Wall Street bankers after the 2008 crash caused by years of risky business put our economy in a tail-spin, supporting their lavish lifestyles, sky-high salaries, and jaw-dropping year-end bonuses; in exchange they demand we reduce taxes on the ultra-rich while our bridges crumble, potholes proliferate, and we're reducing the modest paychecks and threatening the retirement benefits of public school teachers? In the land of opportunity? Seriously?


We've let corporations and lobbyists build a system where the rule is that some are not only being asked to pay less than their fair share, but they're also too rich to fail. What's next, taking away the collective bargaining rights that made this country great by building the middle class into the engine of the world's greatest economy? We can do better than this; on behalf of our children we must do better than this.
In 2009, "America’s top 25 hedge fund managers earned an average of $1 billion each — enough to pay for 20,000 teachers."
Former Secretary of Labor Robert Reich
3 May 2010

Political Correspondent Thomas Hayes is a former Congressional Campaign Manager; he's a journalist, photo/videographer, entrepreneur, and communications consultant who contributes regularly on topics ranging from economics and politics to culture and community, who incidentally stands in solidarity with the citizens and workers in Wisconsin refusing to let their Governor's self-created budget "crisis" and new spending priorities be re-cast as a reason to undermine contractual obligations and collective bargaining agreements.
You can follow Tom as @kabiu on twitter.