Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Monday, March 11, 2013

One Amazing Protestor Spins a Yarn

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I found these amazing pictures of a super-knitting activist sitting in front of the White House via reporter Jennifer Bendery of Huffington Post. Knitted into her hat are the words "Stop XL" - referring to the Tar Sands Pipeline, no doubt, and on her afghan it says "Occupy Grandparents, Pay It Forward." Her umbrella is a pie chart! Amazing!





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Wednesday, August 15, 2012

Romney Plans to Cut PBS, Welfare, Amtrak and the Arts

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I'm speechless. To me, whenever the Republicans try to cut PBS it seems like an attack on children in particular. These types of cuts have been going on since the Nixon years and I can't figure out how any of it helps most Americans, except making things more difficult or less interesting. Also it puts the burden back on the states, especially with PBS, which most people love.

And as far as sending housing and food stamps back to the states, and cutting funding for Amtrak . . . um . . . that would make Romney a very unpopular president, if he was ever going to be president, which I doubt.

Stupid is as stupid does.

From Huffington Post
Romney identified subsidies for Amtrak, PBS, the National Endowment for the Arts and the National Endowment for the Humanities as things he would eliminate. The government spends $444 million a year on the Corporation for Public Broadcasting (the parent organization of PBS); Amtrak received $1.56 billion in federal funding in 2010, with $1.3 billion in stimulus funds; while the National Endowment of the Arts lists the current level of federal funding at approximately $146 million.

Romney said he would block grant Medicaid and send programs like housing vouchers and food stamps back to the states. This, he argued, would save the federal government "approximately $100 billion a year within four years" (the House GOP budget claims to save $771 billion over 10 years). It would also mean dramatic cuts to each of these programs, as states are already dealing with major budget shortfalls.

. . . In sum, Romney's plan would put off entitlement reforms for 10 years, and rules out reductions in defense spending and major changes to the current tax code, while promising to bring federal spending below 20 percent of GDP by 2016. The Washington Post's Ezra Klein argues this is either fantasy mathematics, or Romney would essentially have to cut every single federal program by 40 percent.

Boehner and Cantor tried this a few years back, and got slammed for it. I hope the same thing happens to Romney and Ryan.

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I wish Mr. Rogers were still around, but here he is pleading the case for Public TV back in 1969. Everyone should go and like this video, repost it, email and Facebook it. Mitt is as clueless as the guy interviewing Mr. Rogers who has never seen his show. Romney's handlers just told him that if they cut PBS they can have a war with Iran someday, and that's all his budget is about.



Sunday, June 3, 2012

Paul Krugman Demolishes the Ryan Plan


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Remember Eric Fehrnstrom, the hapless surrogate for Mitt Romney who made the etch-a-sketch gaffe? Well, today he was out of his depth once again on ABC's "This Week" trying to debate economics with the master, Paul Krugman, who deftly squashed the idea that the Paul Ryan budget makes economic sense, referring to it as a "fraud" and "imaginary."


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And what's so delicious is that George Will also pushes and gets Fehrnstrom to admit that Romney backs the scorched-earth Ryan Plan. You'll recall that last weekend, the conservative Will expressed frustration with Romney for cozying up to "bloviating ignoramus" Trump, for which The Donald called him the "most overrated journalist alive." George got a little revenge today, helping to put Fehrnstrom on the hot seat so that Krugman could move in for the coup de grace. Politics really does make strange bedfellows these days. Who knew that George Will and Paul Krugman could be a tag-team?


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Read and learn, children. This is how we do it:
Transcript from Crooks and Liars:
KRUGMAN: Well, the economy is weak. It's not terrible, but it's weak. The bitter irony here has to be for Obama, certainly for people like me, is that if the Republican answer is "let's slash spending, let's have low taxes," that's actually the policy we've been following. It's amazing, actually. Especially if you look at the last couple of years, what we've actually seen is sharply...

(CROSSTALK)

STEPHANOPOULOS: Let me show you -- we have a chart in your blog this morning.

KRUGMAN: Yeah, this is...

STEPHANOPOULOS: We created it. It shows the point you're making.

KRUGMAN: Yeah, this is real government spending, so it's federal, state and local combined, deflated, you know, adjusted for population growth and inflation, and it is plunging. It's plunging mostly because of cutbacks at the state and local level, because the aid that they were receiving in the stimulus has run out, but also because unemployment benefits have been expiring because Congress won't -- you know, Republicans in Congress won't extend them.

So in effect - and, by the way, if you extend that chart backwards, there's been nothing like this since the demobilization after the Korean War. We're actually practicing government austerity on a scale that we haven't seen in 60 years. It's not the president's policy. In effect, we've already got the policies that Republicans say they will impose if they take the election, and yet, of course, it may lead to the defeat of this president.

STEPHANOPOULOS: And that's the point Stephanie was making, so bringing it back to you, what would Governor Romney do right now -- not in the future -- right now, to get the economy moving again?

FEHRNSTROM: Well, it's not just, as Paul says, tax policy. That's part of it, of course, but it's also spending policy, it's regulatory policy. It's confronting China on their unfair trade practices. It's -- it's a whole -- it's labor policy, George.
The governor has laid out very detailed plans. People can go to mittromney.com and learn about them for themselves. But I think what we really have here...

(CROSSTALK)

KRUGMAN: ... ...I know from detailed plans and there is nothing there. There is not...

CUTTER: ... he's going to deregulate Wall Street, which we know how that turns out. We're going to go back to risky financial deals that crashed our economy. And on China, you know, we've been hearing this blustering on China for quite a while now. What exactly is the governor going to do? There's...

(CROSSTALK)

STEPHANOPOULOS: ... I want to bring in George Will.

FEHRNSTROM:  He'll do what this president has failed to do in China, which is to declare that China is a currency manipulator. Look, we're all in favor of free trade. In fact, we don't think this president has done enough to reinvigorate trade talks -- trade talks with our friends, but China is -- is robbing us blind. They're stealing...

(CROSSTALK)

KRUGMAN: I was very much for that. I've been demanding that we declare -- but the window for that has passed. Right now, the Chinese economy is tanking. So if you were thinking you were going to get a big boost out of beating up on the Chinese now, two years ago I thought was really a good time to do that. But my god, now that is totally out of date.




WILL: On another matter, I didn't hear a robust answer to George's question. Where does the governor stand, Governor Romney, on the Ryan plan? Does he endorse it?

FEHRNSTROM: Oh, he's for -- he's for -- he's for the Ryan plan. He believes it goes in the right direction. The governor has also put forward a plan to reduce spending by $500 billion by the year 2016. In fact, he's put details on the table about how exactly he would achieve that. So to say he doesn't have a plan to -- a plan to restrain government spending is just not true.


KRUGMAN: Can I say, the Ryan plan -- and I guess this is what counts as a personal attack -- but it isn't. It's not an attack on the person; it's an attack on the plan. The plan's a fraud. The plan is a big bunch of tax cuts, some specified spending cuts, basically for poor people, and then a huge magic asterisk which is supposed to turn into a deficit reduction plan, but, in fact, if you look what's actually in it, it's a deficit-increasing plan.

And so to say that -- just tell the truth that there is really no plan there, neither from Ryan, nor from Governor Romney, is just the truth. That's not -- if that's -- if that's being harsh and partisan, gosh, then I guess the truth is anti-bipartisanship.

FEHRNSTROM: So may I ask you, Paul, do you prefer the president's plan? KRUGMAN: Oh, yeah. I mean, the president -- at least it's -- you know, I don't approve of everything, but there are no gigantic mystery numbers in his stuff. We do know what he's talking about. His numbers are -- you know, all economic forecasts are wrong, but his are not -- are not insane.

These are -- these are just imaginary.