Tag Archives: budget

Congressional Criminal Conspiracy! Defaulting when you don’t need to is a crime

By Michael Collins

If we defaulted on our debt when we were perfectly capable of paying it, we would be be prosecuted for fraud. But when Congress does it, they call it politics.

The crazies in the United States House of Representatives would have you believe it were so. They say fix that budget before we’ll raise the debt ceiling. If we don’t get our fix, they announce, there’s no deal. We’ll just default until things get straightened out. (Image: George Romero)
Continue reading

Choreographed Budget Cave In – The Money Party Stabs Citizens in the Back


So this is how it is going to be:

“After putting controversial cuts to Social Security and Medicare on the table in negotiations with congressional Republicans over a plan to raise the nation’s debt ceiling, President Obama still doesn’t have a deal in the works.”  Chris Moody, Yahoo News, July 7

Who told President Obama to put “controversial cuts on Social Security and Medicare on the table”?  Hasn’t the president seen his public opinion polling numbers lately?  He is consistently at or below 50% job approval.  (Image)

Didn’t he pay attention to the special congressional election in the highly conservative, long-time Republican upstate New York district that elected a Democrat for the first time in years?

Isn’t the President Obama aware that there’s an election coming up; that many of the people he is so willingly and openly betraying rely on Social Security to live and Medicare to stay alive?

What planet does he live on?  (Unless this is what he truly desires.)
Continue reading

Defense bill would allow clandestine cyberwarfare operations

By Suzanne Kubota
Federal News Radio

Within the chairman’s mark of the 2012 Defense Authorization bill is language that would allow DoD to carry out clandestine operations in cyberspace against targets located outside the United States and to defend against all attacks on DoD assets.

Released Monday, chairman of the House Armed Services Committee, Rep. Howard P. “Buck” McKeon, (R-Calif.) helps to define the Rules of Engagement in cyberspace for the Defense Department, noting “because of the evolving nature of cyber warfare, there is a lack of historical precedent for what constitutes traditional military activities in cyberspace.”

Continue reading

The Pain Avoidance Era Ends

By Numerian

Erskin Bowles: former Chief of Staff to President Clinton and prior to that a North Carolina businessman. Alan Simpson: at age 79, fourteen years senior to Erskin Bowles, and a former Republican senator from Wyoming. Alice Rivlin: also age 79, and Clinton’s former budget director. Peter Domenici: age 79, and a former Republican senator from New Mexico. These four people are the principal players in a set of competing proposals to do something about the US federal debt. They all have what Washington calls “gravitas”, which is a certain respectability that comes with age and experience. They also display that precious quality of “bipartisanship” which makes them supposedly immune from political bias. That’s why you get these Republican-Democrat partnerships: Simpson-Bowles, and Domenici-Rivlin. You would trust these people, wouldn’t you, to give you the cold, hard truth that politicians cannot deliver?

You shouldn’t. These people are good at delivering cold, hard truths in terms of areas of the budget to cut, and new sources of revenue to tap, which together over the long run will bring deficits down to zero and reduce the interest burden of the national debt to something manageable. But they won’t give you a vision of America under these new fiscal conditions. Reading through their proposals, we are left to imagine what America would be like in such a permanent state of austerity.
Continue reading