Tag - budget deal

Buying the fiction

Today’s media will become rapturous over pretty much any line of bullshit that is fed to it by the power structure these days. A two-year budget that reduces the deficit by $2.3 billion in ten years, we are told by pundits and the media, is a “triumph of bipartisanship.”

Really? For one thing, a two-year budget can’t do anything in ten years; it’s a two-year budget, not a ten-year budget. At best, it reduces the deficit by $4.6 $460 million in two years, and $4.6 $460 million is pocket change.

In this country you can pretty much “fool all of the people all of the time.” The media and voters fall for the fiction that Congress is reducing the deficit by billions (well, two billion), not noticing the fiction in that the reduction is over ten years while the budget is only two years, and falls for the big number (semi-big number), not noticing that the reduction is less than one percent.

And the only thing bipartisan about this steaming pile of dog crap is that both parties looked at the calendar and realized that it is time to go home for Christmas. They bipartisanly agreed that they did not want to spend Christmas in Washington engaging in another futile exercise of shutting down the government, so they bipartisanly agreed to put a bunch of bogus numbers on paper, bipartisanly label it a “budget,” and bipartisanly ram it through both houses of Congress.

Budget deal – Corporate welfare trumps jobless benefits

Same as it ever was....

Same as it ever was….

Christmas came a few days early for corporate interests and won’t arrive for the jobless as a result of the budget deal just announced.  Seeking to avoid the public relations disaster of the last budget fight, Republican negotiator Rep. Paul Ryan worked out a deal to avoid another dust up.   Senator Patty Murray (D-WA), represented the Obama administration

The deal restores some of the cuts from the sequestration process, mainly to defense programs.  It is described as a “small deal” that fails to do much for either deficit reduction or to promote economic growth.

There is no provision for extending Emergency Unemployment Insurance benefits.  Between Christmas and New Years, 1.3 million citizens will lose their benefits.  Another 850.000 will lose benefits by the end of March 2014.

At the same time, airlines got some relief and the planned 24% cut to Medicare physician fees was delayed.  These rates are already low.  The restoration on fees will probably prevent the start of an exodus of physicians away from Medicare.

Some Democrats are upset that the unemployment insurance extension was left out of the budget deal and the Tea Party faction of Republicans complained that there the deal does nothing about deficit reduction.  They’re both right.   Read More

Uncontrollable Boehner and the Bait and Switch Index

Republicans party after big vote

The Money Party’s latest training exercise with live ammunition (aimed at us) is over for a while.  At the last minute, the geniuses in your nation’s capitol got it together long enough to pass a relatively clean budget resolution and raise the debt limit for a few weeks.  The bill also included some intrusive income verification requirements for the Affordable Care Act (ACA)/Obamacare from the people who say they hate the government in their business.

The after-deal spin is simply revolting.  Talking head after head said that Boehner couldn’t control his caucus and decided to let the nihilist wing of the Republican Party (aka tea party) learn a real life lesson in politics.  You see, in addition to being a political hack and philanderer, Boehner is also a great teacher.  He let the forty or so tea party representatives run wild to show them just what happens when you you behave like idiots.  They might as well have said that pigs live in trees,  the founding fathers smoked dope, or something equally ridiculous.  Read More

The Deal: Various Responses

Zaid Jilani:

Because the payroll tax cut is expiring and the Make Work Pay tax cut is not coming back, most working Americans will also see a tax increase. The most galling thing is that 98 percent of Americans will actually see a larger tax increase than some of the richest Americans. Working with our friends at the Center for Economic and Policy Research, we compiled the following chart to demonstrate this:

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