Religion, Social Security, War, what more do we need?
Mood:
down
Topic: Politics
Primarily from The Progress Report
[Bold and Bracketed comments are me!] by Christy Harvey, Judd Legum and Jonathan Baskin
November 23
FOREIGN LEADERS SKEPTICAL OF BUSH: To minimize the risk of an abrupt crash in the dollar (
Wall Street Journal link), President Bush needs to convince the world he is serious about reducing the debt. But the world is skeptical. Last week, as Congress finalized plans to raise America's debt ceiling (
CNN Money news article) for the third time in three years, Bush told a summit of CEO's in Chile that he was committed to reducing the deficit (
White House news release). The remarks were not well-received. German Chancellor Gerhard Schroeder " openly criticized the U.S (
Wall Street Journal link)." for its inability to trim its "twin deficit...the current account deficit and the budget deficit." London currency specialist Monica Fan said Bush's pledge didn't "amount to anything more than political posturing (
Bloomberg article)."
[Duh. Wonder why a currency specialist can see that and the media doesn't?] Another European economist said the dollar's accelerated decline since the Nov. 2 election reflected concern that Bush's "emphasis on tax cuts" would prevent him from reining in deficits (
Christian Science Monitor article).
MADE IN CHINA: The Bush administration's inability to pay down the deficit is subjecting America's economy to the whims of foreign leaders. " Right now, our whole country's on life-support from Beijing and Tokyo (
SanDiego online news) ," said Euro Pacific Capital CEO Peter Schiff. As the dollar continues to weaken, Schiff said, "China might decide it's best to cut us off this welfare scheme and start spending the money on their own citizens."
[Highly unlikely, as the Chinese rulers are not renown humanitarians, but at some point they are going to have to clean up the environmental mess they have made of their own country.] Morgan Stanley economist Stephen Roach adds, " The day will come when foreign investors simply say 'no' to this arrangement (
Morgan Stanley article) . That's when the dollar collapses, US interest rates soar, and the stock market plunges. Under such a crisis scenario, a US recession would be all but inevitable." The Guardian reports the Chinese -- the number one financer of American debt -- are already " losing their appetite for US holdings (
The Guardian article) ."
[Hang on, children, we're in for a bumpy ride! No telling how the moneyed class will respond when their world crashes - I don't assume they will be nice about it. I also don't assume they will "let the market decide".]CORPORATE -- WAL-MART TREATS CHINESE WORKERS BETTER: Wal-Mart has fiercely resisted unionization efforts at its stores in the United States. The Financial Times reports, however, "Wal-Mart, the world's largest retailer, said on Tuesday it would agree to establish unions in its 40-odd Chinese stores (
Financial Times article (UK))." In a statement, Wal-Mart said, "Should associates request the formation of a union, Wal-Mart China would respect their wishes." Wal-Mart has consistently intimidated U.S. workers (
US NewsWire article) who have attempted to form a union.
[Then again, they are currently saying something they have not, yet, had to act on. Bush says a lot of things that he does not follow through on or which he immediately contradicts in his actions. (see Am.ProgressAction compilation) Maybe Wal-Mart is simply learning from the master.]
Oops - I missed this. My, my. What happened to the highly vaunted American sense of honor? A mess made must be cleaned up by the one making the mess (and his/her friends)? My mother would not approve: IRAQ - THE NEOCON RETREAT: Faced with an ongoing and increasingly violent war, many neoconservatives are now pushing for deep cuts (
Boston News article) in the U.S. presence in Iraq. Before the war, these hawks were the loudest supporters of war, fiercely arguing to send American troops to invade Iraq. As neocon war supporter Max Boot now admits, "This is turning out to be a lot harder than anyone expected ... and harder than it needed to be."
["harder than it needed to be" ? Needed to be? Sounds like he is talking about a video game or some similar, optionally engaged-in activity. Did I misunderstand what this was about? The invasion of Iraq was a moral imperative, right? We had to do it? And we can't think of any mistakes made, right? ] Ken Adelman, a member of the Defense Policy Board who predicted the Iraq war would be a "cakewalk," now says he would "be okay" with bringing troops home after a more stable government is put in place in January.
[Why does he think the government would be more stable in January? I assume it will be less stable, much less unpredictable and/or compliant to the U.S. since it won't be hand picked by one man. Democracy is messy, and will be worse until the practitioners get used to it, if ever.] (Thanks to the neocons, that dream of a stable election in Iraq may be just a little more elusive; their former protege and Pentagon darling Ahmad Chalabi is currently in talks with militant anti-American cleric Moqtada al-Sadr about creating an alternate ticket complete with a "vocal anti-American platform (
Wall Street Journal link).")
[This progressive group really know how to kick a group when they are down/wrong, don't they!]
Right-wingers! Don'cha love 'em! They are so unguarded in their statements (possibly because they are so rarely punished by the U.S. media...):Popular right-wing radio talk show host G. Gordon Liddy explains his early fascination with Hitler
(
Independent News (UK)): "He sent an electric current through my body." Even now, Liddy says, "at assemblies where the national anthem is played, I must suppress the urge to snap out my right arm."
[I assume he is talking about the U.S. national anthem, but I guess that's irrelevant, what is relevant is the goose-stepping mentality.]And the later November 29, 2004 report:SOCIAL SECURITY
Under the current system, the payroll tax collected from today's workers goes to benefits for people who are already retired. Bush seeks to divert some of that money into privatized accounts for workers who won't retire for years, which won't leave enough money to pay today's retirees. Even Joshua Bolton, one of Bush's top economic advisors, acknowledges that the shortfall, which could exceed $2 trillion over 10 years, would likely "require additional borrowing." This would significantly increase the national debt, which already stands at $7.5 trillion.
[That is Bush's generation's future, you know! But perhaps that's not the way he views things. At what point, do you think, that this will be added to the deficit so people see the cost?]IGNORING THE PRICE TAG: The administration and its congressional allies have come up with a clever way to avoid dealing with the financial consequences of Social Security privatization: Ignore them (
LA Times article). Despite its potential $2 trillion price tag over 10 years -- and the president's insistence that it is a top priority -- top conservatives in Congress are considering keeping the costs of privatization "out of the five- and 10-year deficit projection that Congress looks at when it writes the annual budget."
NO PROBLEMS WITH SOCIAL SECURITY FOR THE NEXT 48 YEARS: There is a dirty little secret in Washington that the Bush administration doesn't want you to know about: Social Security is in pretty good shape.
[That is, it is if they LEAVE IT ALONE.] In fact, "Social Security is more financially sound today than it has been throughout most of its 69-year history (
Center for Economic and Policy Research article)." According to the non-partisan Congressional Budget Office, without any changes at all, the Social Security program can pay all benefits through at least 2052.
PRIVATIZATION MEANS MORE MONEY WASTED ON ADMINISTRATIVE COSTS: Another little-known fact: Social Security is run very efficiently (
Center for Economic and Policy Research article). In the current system, because the funds are managed together, less that 0.6 cents of every dollar paid out in Social Security benefits goes to pay administration costs. In England, which has adopted privatized accounts for its retirement system, 15 cents of every dollar paid out in benefits goes to administrative fees. Even by the Bush administration's own estimates, in a system of privatized accounts, 5 cents of every dollar would go to administrative costs, more than 8 times the amount spent on administrative costs today.
[See what the competitive market gives you? Efficiency (maybe, but not guaranteed), and more people trying to get a slice of the pie (always), and the people have no say as to how big the slices are allowed to become (that's up to the lobbyists).]RELIGIOUS RIGHT
Yesterday on Meet the Press (
NewYork Times link), Reverend Jerry Falwell reaffirmed the Christian Right's narrow focus on two issues: gay marriage and abortion. Asked by progressive religious leader Jim Wallis (
Sojourners: Christians for Justice and Peace) to engage in a "broader and deeper" conversation about values, Falwell and fellow conservative preacher Dr. Richard Land resorted to bigotry and misdirection, lashing out against gays, women and religious progressives
[Any idea why he thinks this is the best way to go?]. Falwell's priorities fly in the face of the "moral values" most often cited (though not most often reported (
Media Matters article)) on Nov. 2, where polls showed (
Washington Post article) voters were more concerned with "greed and materialism" (33 percent) and "poverty and economic justice" (31 percent) than they were with issues like gay marriage (
Americans United for Separation of Church and State article) (12 percent). Nevertheless, Christian conservatives around the country are following Falwell's lead, dismissing concerns (
ABC News article) about separation of church and state and setting out to refashion the federal courts (
Palm Beach Post News Story) around a narrow agenda which conflicts with the values of most Americans.
[That part really scares me. They are not for choice in any way: religious, governmental, societal, reproductive... And they want to impose this rigid frame by gaining control of the part of the balanced powers which changes more slowly than the others.]FALWELL DEMEANS RELIGIOUS PROGRESSIVES: Falwell went out of his way on Sunday to divide America, saying those who voted for John Kerry did not " take the bible seriously (
MS NBC article) ." Wallis shot back, saying, "Jerry, there are millions and millions of Christians who want the nation to know that you don't speak for them...that Jesus, our Jesus isn't pro-rich, pro-war and only pro-American. We don't find that Jesus anywhere in the Bible (
MS NBC article) ."
FALWELL REAFFIRMS BLAME FOR 9/11 ON GAYS, FEMINISTS: Falwell refused to back down from his comment that 9/11 had been caused by "the pagans, and the abortionists, and the feminists, and the gays and lesbians [and] all of them who have tried to secularize America." He reiterated that, "when we defy the Lord, I think we pay a price for it (
MS NBC article)."
[I hope so, but he probably won't recognize it: Global Warming will be blamed on the feminists, in his mind. It looks to me like a straightforward condemnation of the greed cited by most people as their main moral concern... Hm. Looks like I'm suggesting God is agreeing with the majority this time. Good thing I don't talk with God - I'd be obliged to pass on her wisdom. As it is, we have to work it out ourselves.]FALWELL FLIP-FLOPS ON GOD, WAR: Falwell contradicted himself on the war in Iraq, cited by 42 percent of respondents (
Washington Post article) as the moral issue which most influenced their vote on Nov. 2. When Rev. Wallis asked him why he had said God was "pro-war," Falwell said, "I don't believe God loves war...everybody hates war."
[that is irrelevant; God isn't part of 'everybody'! Weird that he has any concern for 'everybody' when the question is the 'emotion' that God feels for this human activity...] The name of Falwell's 1/31/04 commentary? "God is Pro-War (
World Net Daily article)."
RELIGIOUS RIGHT SETS AFTER COURTS: The Palm Beach Post's George McEvoy reports Congressmen pandering to the Christian right wing are planning ways to strip federal courts of " their right to hear cases involving the separation of church and state (
Palm Beach Post News Story)." Rep. John Hostettler (R-IN), addressing a special legislative briefing of the Christian Coalition last month in Washington, said he planned to introduce a bill that would "deny federal courts the right to hear cases challenging the Defense of Marriage Act, which bans same-sex marriage." Unimpressed by America's system of checks and balances, Hostettler inveighed, "When the courts make unconstitutional decisions, we should not enforce them. Federal courts have no army or navy...At the end of the day, we're saying the court can't enforce its opinions."
[which is exactly why the checks and balances were invented, to control the Might = Right guys... Are they always guys? Gosh, I wonder if it has anything to do with testosterone. Maybe all people running should take a blood test before running for election... Makes sense to me: no amphetamines, marijuana, opiates, no excess alcohol, testosterone, hmmm. Maybe periodic tests during a session, like they do in some high schools on their sports teams...] Rep. Robert Aderholdt (R-AL), recently advocated "court stripping as a means to protect state-sponsored Ten Commandment displays."
JAMES KENNEDY WARNS BUSH: Another conservative religious leader, Dr. James Kennedy, whose sermons are broadcast in 3 million homes, has warned that God will "be angry" if President Bush does not act soon on abortion and gay marriage.
[I've always been fascinated by people who speak directly with God. Is there a reason they are not on medication, like the guys who speak with Satan or Napoleon?] "He said he knows of no timetable for God's wrath, but wants results fast." Asked about the millions of Americans who are not Christian, or have a different interpretation of Christianity, Kennedy recommended they "repent" and said he "couldn't care less (
ABC News Story)" about their views.
[Ah, the mighty Christian, in the Crusaders' image, not the caring Christian, in (dare I say?) Christ's image...]And finally:HALLIBURTON (
Star Tribune story) : Auditors unable to find more than a third of the government property Halliburton was paid to manage in Iraq.
[Gee, that would make the job easier. Should they give the U.S. 2/3 of the money back?]
Posted by bluegull
at 12:45 PST
Updated: Monday, 29 November 2004 13:37 PST