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Sanders writes: "At this pivotal moment in American history, it's important to note how we got into this deficit crisis, who was responsible and what is the fairest way to address it."

Sen. Bernie Sanders (I-Vt). (photo: WDCpix)
Sen. Bernie Sanders (I-Vt). (photo: WDCpix)



Deficit Hawk Hypocrites

Sen. Bernie Sanders, Reader Supported News

29 August 12


http://www.youtube.com/watch?v=KYPvaC831xY

Republican Deficit-Hawk Hypocrites


itt Romney, Paul Ryan and the Republican Party are now mounting a massive attack against Social Security and other programs. Using "deficit reduction" as their rationale, they are attempting to dismantle every major piece of legislation passed since the 1930s that provides support and security to working families.

They are being aided by at least 23 billionaire families, led by the Koch brothers and Sheldon Adelson, who are spending hundreds of millions of dollars in this campaign as a result of the disastrous Citizens United Supreme Court decision. Despite paying the lowest effective tax rate in decades, the billionaires want more tax breaks for the very rich. Despite the fact that the elimination of strong regulations caused the Wall Street meltdown and a terrible recession, the billionaires want more deregulation. Despite outsourcing of millions of good-paying American jobs to China and other low-wage countries, the billionaires want more unfettered free trade.

At this pivotal moment in American history, it's important to note how we got into this deficit crisis, who was responsible and what is the fairest way to address it.

Let us never forget that when Bill Clinton left office in 2001, this country enjoyed a healthy $236 billion SURPLUS.

Under George W. Bush and his fellow "deficit hawks," we went to war in Afghanistan and Iraq. Bush and Congress "forgot" to pay for those wars that will end up adding some $3 trillion to our national debt. Where were Paul Ryan and the other "deficit hawks" when we spent trillions on wars and added to the deficit? They voted for those policies.

Under George W. Bush and his fellow "deficit hawks," we gave huge tax breaks to the wealthiest people in this country, which cost $1 trillion over a decade. Where were Paul Ryan and the other "deficit hawks" when Bush and Congress spent a trillion dollars on tax breaks for the very rich and added to our national debt? They voted for those policies.

Under George W. Bush and his fellow deficit hawks, Congress passed an overly expensive Medicare prescription drug program written by the insurance companies and drug industry. The government was barred from negotiating lower drug prices with the pharmaceutical industry under the program, which will end up adding $400 billion to our national debt over a 10-year period. Where were Paul Ryan and the other "deficit hawks" when Bush and Congress spent $400 billion for a much too expensive prescription drug program? They voted for those policies.

Now, having run up huge deficits, our born-again "deficit hawks" want to cut every program in sight to save money. In order to cover the costs they incurred in Iraq and Afghanistan, they want to cut Social Security. In order to cover the costs of the tax breaks for the rich, they want to cut Medicare and Medicaid. In order to cover the insurance-company-written Medicare prescription drug program, they want to cut education and food stamps.

This approach - balancing the budget on the backs of the elderly, the sick, the children and the poor - is not only immoral, it is bad economic policy. It is something that must be vigorously opposed.

The $16 trillion national debt and the current $1 trillion deficit are serious problems, but they must be addressed in a fair way that will not cripple our economy, lead to the loss of jobs and punish people who are already hurting.

At a time when the wealthiest people in this country are doing phenomenally well and when their effective tax rate is the lowest in decades, the richest people in this country have got to be asked to pay their fair share of taxes.

At a time when corporate profits are soaring and when about one in four major profitable corporations pays nothing in federal income taxes, we must end corporate loopholes and demand that corporate America starts paying its fair share of taxes.

At a time when this country loses $100 billion every single year because wealthy people and corporations stash money in tax havens in the Cayman Islands and elsewhere, we must crack down on abusive tax cheats.

The United States military budget has virtually tripled since 1997, and we now spend nearly as much as the rest of the world combined. It is time to take a hard look at military spending.

There are serious and responsible ways to move this country toward deficit reduction. Unfortunately, that's not what Romney and Ryan are talking about. For them, it's the same old Republican saga: more tax breaks for millionaires and billionaires, and more austerity and pain for the most vulnerable people in this country.


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+28 # dbriz 2012-08-29 16:04
Bernie:

Right on!

You are a light to lighten the (fill in the blank) _______.

Now we agree the Pubs have no clue so, pray tell, what is the Obama plan?

And Bernie, before you answer I know YOU understand that there is NO way we come to grips with the enormity of the problem without drastic (and I'm not talking about cutting rates of increases) slashes in the current defense budget.

You can tax the rich 90% and we won't get enough to amount to more than a few drops of rain on a drought.

So yes, go ahead and tax the rich but...do you think for one New York minute Obama and the Dem's will make the kind of defense cuts necessary?

Hope springs eternal Bernie, but it ain't gonna happen under this administration.

The time for minor pain is gone and this guy has no courage (or desire for that matter) for inflicting the kind of painful defense cuts necessary. His Corporate Crony/MIC/CIA empire building masters will cut him loose yesterday if he tries.

Nothing will stop the train wreck ahead Bernie.

A few like yourself, Kucinich, Feingold and the old naysayer Ron Paul tried to tell us, but we wouldn't listen (and still aren't).

To you who tried your best to warn us the old song refrain applies:

...it's too late baby, it's too late,
but we really did, try to make it...
 
 
-31 # John Allman 2012-08-30 07:39
@ dbriz:

"You are a light to lighten the (fill in the blank) _______."

Genitals?

(With thanks to
http://www.ship-of-fools.com/signs/index.html
)
 
 
0 # James Smith 2012-08-30 12:12
I found you, now you have to find me. :D
 
 
+26 # bingers 2012-08-30 08:07
Reagan cut the top marginal rate from 74 to 28% which has been the cause of most of our economic problems. When the rate is that high it is better for them to reinvest the money into their companies rather than take the money out of circulation. That means more R&D, more employment and when coupled with ending tax breaks for shipping jobs out of the country would actually make them what the republicans falsely claim they are, job creators. And you're absolutely wrong about taxing them 90% and it not helping, it would return us to surplus very quickly if you get rid of the loopholes. When Kennedy cut the rate and we got more in taxes, which Republicans like to say is proof that cutting taxes is a way to increase revenues, the actual reason is that he ended the loopholes. It will take decades to fix if the rate only goes up one or 2 percent, but if it goes up the necessary 40% and ending loopholes it might well be well on the way toward paying off the entire debt by 2016.
 
 
-6 # dbriz 2012-08-30 09:42
Reality check:

The Center for Budget Policies and Priorities has optimistically estimated that taxing the rich would increase revenues over ten years by 900+ Billion.

Our national debt is now 16 Trillion. Our current interest payment on our debt is 464 Billion yearly.

So, raising taxes on the rich (even assuming they don't find ways to shelter their earnings) might pay for two years of interest payments.

If you are of the opinion that taxing the rich will "...help return us to surplus very quickly..." you simply aren't doing your math. There is no way we can return to surplus "quickly". Even with severe cuts it will take 10-20 years. We can however begin a process that will enable us to avoid default.

I have no problem with allowing tax cuts for the rich to expire, or for tax reform that closes loopholes, but it's time for Americans to understand that we cannot continue to spend on defense as much as the rest of the world combined. There will have to be drastic cuts in defense spending or we have no hope of avoiding default.

We haven't even talked about the 150-200 Trillion of unfunded liabilities coming due.

As to your belief that the entire debt could be paid off by 2016, I would be happy bet you a pint or two of your favorite beverage on that happening.

Even the Amazing Magical Accountants of the Empire City can't make that happen.
 
 
+26 # ericlipps 2012-08-30 10:37
Maybe raising taxes on the rich won't solve our problems all by itself. But refusing to do so won't help, either.

At this point, we're not in a position to push any source of revenue off the table just because Ayn Rand would have disapproved of it, which is basically the Romney-Ryan position.
 
 
+11 # dbriz 2012-08-30 11:16
Right on.

Tell it to those who are supporting the Romney-Ryan smoke and mirrors.

Now back to defense cuts. Yes or no?

If yes, how much?
 
 
+1 # Cliff 2012-09-01 18:29
Yes, cut it. Most defense spending goes overseas where it does not help us at all.

You can not change the ideology of the idiotic (terrorists) with a gun ever.
 
 
+13 # Working Class 2012-08-30 12:35
Quoting ericlipps:
Maybe raising taxes on the rich won't solve our problems all by itself. But refusing to do so won't help, either.

At this point, we're not in a position to push any source of revenue off the table just because Ayn Rand would have disapproved of it, which is basically the Romney-Ryan position.


Dbrriz's did not advocate leaving the rich alone. He/She has no problem with raising taxes on the rich and closing loopholes. Dbriz is correct, that raising taxes on the rich alone will not solve the problem. But it should be part of the overall plan.
 
 
+11 # Regina 2012-08-30 12:28
But the devil-may-care neocons happily lined up behind Dubya to wage unfunded wars against Iraq and Afghanistan, and those bills along with the income tax evaporations are piling up on us now. The Republican psychoceramists (yes, crackpots) would only dig us into deeper holes with their rearview-mirror mirages.
 
 
+3 # dkonstruction 2012-08-30 13:17
Amazing isn't it that you get thumbs down for simply presenting a factual arguement? Sad

Question: Is not the simple answer for the government to print its own money so that it can at least buy back the debt (i.e., the principle owed) so that at least we are no longer drowning in debt interest payments that we will never be able to pay off?
 
 
0 # dbriz 2012-08-30 16:11
Good question.

Short answer:

Obama is no Lincoln, he has zero political support for such a move and it's a much different world from 1863.

Longer answer:

IMO the banking lobby alone would never allow it to happen. Your earlier example of Lincoln and his "greenbacks" eventually fell victim to the banking interests.

We now are controlled in part by international banking interests who have co-mingled both the problem and the solution into their own self interest.


Traditionally the FED simply allows inflation to de facto default on debt by devaluation but this time it really is different.

We are faced with a worldwide glut of overproduction in goods and services with severe deflationary results in many areas. This compounds the currency wars and takes away the FED's best weapon i.e. printing more money.

Then factor in the already existing debt at 70% of GDP (second quarter produced $2.33 of debt for every $1.00 of GDP, scary!), unfunded liabilities and you have a real Catch 22.

As much as I criticize the FED and big banks in general, these people aren't stupid. There are reasons why they aren't listening to the Paul Krugman's of the world.

They really are pushing on a string and Bernanke puts on a brave face while playing his fiddle.

Hard times ahead I'm afraid.
 
 
+3 # bmiluski 2012-08-30 08:24
President Obama has already cut the defense budget by $5 billion, and is planning to cut another $5 billion.
 
 
+6 # dkonstruction 2012-08-30 13:15
Quoting bmiluski:
President Obama has already cut the defense budget by $5 billion, and is planning to cut another $5 billion.


He has cut the "rate of growth" which means he has not cut the defense department at all.
 
 
0 # dbriz 2012-08-30 13:49
Reality check:

This amounts to (assuming it even happens) a 0.005%
cut followed by another 0.005% on a budget that is approaching 1 Trillion.

These numbers are so overwhelming that too many Americans have trouble conceptualizing them. We need to wake up...the sooner the better.
 
 
+2 # mellobuck 2012-08-30 15:39
Quoting dbriz:
Reality check:

This amounts to (assuming it even happens) a 0.005%
cut followed by another 0.005% on a budget that is approaching 1 Trillion.

These numbers are so overwhelming that too many Americans have trouble conceptualizing them. We need to wake up...the sooner the better.


5 Billion into 1 trillion is 0.5%
 
 
+1 # dbriz 2012-08-30 17:12
Itchy trigger finger...hope the point is still taken.
 
 
+2 # Cliff 2012-09-01 18:26
Smart move, but I don't buy it. You are trying to act like you like Bernie, then you end will pessimism, hoping we will give up and not vote.
 
 
+29 # brux 2012-08-29 22:16
Bernie, this was not about the 2 wars, although they added about 2.5-3 trillion to the deficit ... it was the tax cuts.

Under Clinton the budget was heading the right direction, but it was still 6 trillion in debt.

Bush added another 6, and then his first bailout 7 trillion.

Now there is not enough revenue so every year that goes by the tax cuts are still in place we add another trillion, then plus Obama's stimulus ... almost 14 trillion now.

The interest on this along is eating up much of what we actually pay in taxes forcing us to borrow more.

This is all about grinding working Americans down so we can compete with the Chinese.

We need the rich to pay this back, and they do not want to.

Let's hear some solutions?

Joe Stiglitz and Robert Reich know what to do ... why don't we ever get some of you guys to join together with a plan and lobby it to the people?

You could run for President, I'd vote for you.
 
 
+7 # RLF 2012-08-30 05:37
The republicans post nixon always talk a good line and then spend like there is no tommorrow. They dump the debt cynically on dems...who have yet to get out from under the 'tax and spend dem' rep. Why aren't Dems preaching this in the campaign??? It is because every program put in place by Bush has been continued by Obama...and many were started by Clinton.
 
 
+3 # Cliff 2012-09-01 18:33
It most certainly was about the wars AND the tax cuts.
 
 
+36 # brux 2012-08-29 22:18
I honestly do not think there is any linear way to balance the budget or pay off the debt, that was the whole point of this discontinuity that was brought about by our whole government.


So we are going to have a huge military, and desperate citizens with nothing to do? Remind you of anything ... like the Fascist countries before WWII?
 
 
+4 # bmiluski 2012-08-30 08:28
[So we are going to have a huge military, and desperate citizens with nothing to do? Remind you of anything ... like the Fascist countries before WWII?
No, it reminds me of the Arab Spring. We already got a taste of it with the Occupy Movement.
 
 
+2 # dkonstruction 2012-08-30 13:24
Quoting brux:
I honestly do not think there is any linear way to balance the budget or pay off the debt, that was the whole point of this discontinuity that was brought about by our whole government.


So we are going to have a huge military, and desperate citizens with nothing to do? Remind you of anything ... like the Fascist countries before WWII?


Brux, the government essentially printed trillions of dollars (by issuing treasury bonds) which it then sold (so that it became debt which we are now paying interest on for the stimulus, the wars, etc. Why should not the government actually print its own money which is then issued without debt and then use that money to buy back the debt that we currently owe so that we would not be paying interest on this forever and saddling generation upon generation with debt we racked up? Isn't the issue at the same time the fact that "we the people" via our government in fact do not control the creation of money which in reality is created as government debt owed to the private banking system? Wouldn't that solve the debt problem?
 
 
+1 # Cliff 2012-09-01 18:35
We spent our way out of the great depression and can spend our way out of this.
 
 
+38 # Terjem 2012-08-29 22:26
The Republicans have their conference.
Can anyone find out how many times speakers have mentioned the name GWB? I have not heard it once.
Are they all ashamed about their own last 2-term president?
And we should want another one?
 
 
+14 # MJnevetS 2012-08-30 03:14
Terjem, and the NY Times has an on-line interactive word graph which visually displays how many times any particular word was spoken.. I plugged in Bush and the # was 0. There was also 0 for abortion, and rape, immigration and marijuana. Looks like their love for the first and their disdain of the latter 3, are being kept under wraps for the convention.
 
 
+12 # Mrcead 2012-08-30 05:09
Exactly. I'm not certain the nation could handle a Bush trilogy.
 
 
+17 # bmiluski 2012-08-30 08:29
Exactly. Bumper stickers should read:

IF YOU LIKED BUSH, YOU'RE GONNA LOVE ROMNEY.
 
 
+8 # robniel 2012-08-30 13:55
Or ... the most feared ten words in the English language:

"I'm Mitt Romney and I'm here to help your business"
 
 
+13 # RLF 2012-08-30 05:38
They should at least mention Clinton and his removal of Glass/Steagall and the Dems inability to put it back.
 
 
0 # Cliff 2012-09-01 18:40
Republicans called him Slick Willie because they knew they were finally able to buy him?
 
 
0 # Cliff 2012-09-01 18:37
Good point!!
 
 
+22 # Peace Anonymous 2012-08-30 00:11
Exactly. But there is still more to this. The people get the bill for the Iraq invasion. Into which pockets is the profit from Iraqi oil now flowing? The entire economic landscape is designed to funnel as much of the taxpayer's money and the resource revenue of the 3rd world into the pockets of a few. And then they look the world in the eye and suggest that they don't need to pay taxes because they create all the jobs?? And the sad part is a lot of the sheep are buying it.
 
 
+6 # James Marcus 2012-08-30 00:30
We are dodging the essence.
BOTH the Republicans and the Democrats are now sending us on a very common 'Fiscal-Course- to-Disaster'. And, yes; It's mostly hidden within 'Plain Sight' (shhh!, it's a Secret!): the Military, and Para-Military 'Budgets' (more aptly called 'Fudgets'.)
After auditing The Fed, also Audit the U S DoD, including all the hidden 'Et Als'. There to be foundSquandered , and pilfered, trillions, for sure!

Now, who will it be? Tweedle Dee, or Tweedle Dum?
The 'Big Bankstas...In-T he-Sky'.....'ow n' BOTH Parties' Candidates. AHhhh! 'Campaign Contributions'. ......
Whether we face Democratic Armageddon, or Republican Style has gotta be irrelevant.
How about Another Path/ 'Party' Entirely?
 
 
+2 # Cliff 2012-09-01 18:43
I am a Democrat and I believe 95% of the Democrat platform. Maybe all of it. But I also believe that three strong parties would be a good thing. It should be the straights, rednecks, and freaks. Trouble is the straights and rednecks get along together too well.
 
 
+20 # tm7devils 2012-08-30 02:16
Anyone who votes the republican plank is either an ignorant, self-serving and suicidal toady or a complete fool...
 
 
+14 # bingers 2012-08-30 08:11
Quoting tm7devils:
Anyone who votes the republican plank is either an ignorant, self-serving and suicidal toady or a complete fool...


The only 5 reasons for voting Republican are ignorance, stupidity, insanity, bigotry and greed. There is no other reason, period!
 
 
+9 # bmiluski 2012-08-30 08:31
You forgot fear. The neo-cons are really good about playing that tune.
 
 
+1 # bingers 2012-09-02 04:21
Quoting bmiluski:
You forgot fear. The neo-cons are really good about playing that tune.



I didn't forget it, the fear falls under ignorance.
 
 
+8 # WolfTotem 2012-08-30 03:22
As in September 2001, these guys woke up from their drugged slumbers, saw a window of opportunity wide open for them to do all the things they wanted and, grabbing us all, leapt through it.
WE'RE STILL FALLING.
This time, it’s not just the US of A + a few Allies (ALL LIES) that got dragged through that window (without parachutes) along with Afghanistan, Pakistan & Eye-Rack. This time, it’s the whole world!
You could call it a conspiracy, but it’s plain that plutocrats have been dreaming of this, their own private Idaho – their Very Own Oligarchy – ever since they were weaned.
Remember Philip Larkin’s little poem? It seemed gratuitously outrageous at the time. Does it now?

I want to see them starving,
The so-called working class
Their wages weekly halving
Their women stewing grass.
When I ride out each morning
In one of my new suits
I want to find them fawning
To clean my car and boots.

To “working class” add “middle class” + a (20 year old) snippet about America’s official motto and its real one:

so in THI$ we trusted
with THI$ made free
till even our new mastermammon got clapped out

but not us
till we’re down to our last sixgun
we trust
you’ll pay
 
 
+2 # Cliff 2012-09-01 18:46
How many people died in 9/11? How many U.S. soldiers died in the wars? Sure we killed 10x the number of our soldiers (until recently)... but did we win anything ideologically?
 
 
-25 # edge 2012-08-30 04:34
Obama called Bush "unpatriotic" for running up the debt!
Now Obama's 3 year debt has passed that of Bush's 8 year debt including 2 wars... clearly Obama is UNPATRIOTIC...right?

Zero out the Corporate income tax and tax dividends instead! If a company spends it on workers and buying things it adds revenue!

Fix immigration so the businesses that hire them pay their taxes and they pay taxes too!
 
 
+11 # conniejo 2012-08-30 07:53
[Zero out the Corporate income tax and tax dividends instead! If a company spends it on workers and buying things it adds revenue!]

The operative word here is "IF."
 
 
-11 # edge 2012-08-30 09:34
There on only a few options!

A company can spend it or save it for the future or disperse it as dividends.

Spend it on salaries or business expansion will add to GDP and more Government revenue.

Send it out as dividends and it gets taxed.

Eventually they will do something with it and the government will get its cut.

Quoting conniejo:
[Zero out the Corporate income tax and tax dividends instead! If a company spends it on workers and buying things it adds revenue!]

The operative word here is "IF."
 
 
+19 # bingers 2012-08-30 08:13
That's not even remotely true. The actual debt has gone up about half of what Bush did, but his wars were off budget and Obama put them back on budget where they belong and that accounts for a large amount of the increase and should be counted as Bush's debt, not Obama's. Under Obama spending has increased the least since Carter.
 
 
-17 # edge 2012-08-30 09:30
That is ridiculous!!
You are very confused as to the Budget and the Debt!

The Wars were ALWAYS part of the debt, they were not budgeted for but the debt is what we borrow over what we take in!!

The last statement is only in your dreams and another lie by Obama fabricators!

Quoting bingers:
That's not even remotely true. The actual debt has gone up about half of what Bush did, but his wars were off budget and Obama put them back on budget where they belong and that accounts for a large amount of the increase and should be counted as Bush's debt, not Obama's. Under Obama spending has increased the least since Carter.
 
 
+5 # bingers 2012-09-02 04:38
Yes, they were part of the debt but do not show up as a budget deficit. And when Obama wanted the debt ceiling raised the same Republicans who ran up the debt didn't want to pay for what they had done, resulting in our credit rating being lowered. Your beloved thugs then blamed Obama despite the fact that S&P said that their action was a direct result of Republican (stupidity) actions.

It's always funny to hear a person so dumb they support Republicans, who lie about everything nearly everytime they make any statement calling someone who supports Obama a fabricator. Even the repulsive spin machine that is Fox News called Ryan out for the pack of lies that constituted his acceptance speech.

The Republicans have adopted the Nazi tactic of the big lie. No I'm not calling them Nazis, so don't get your panties n a bunch, they just act like them with the propaganda.
 
 
+10 # reiverpacific 2012-08-30 09:35
Quoting edge:
Obama called Bush "unpatriotic" for running up the debt!
Now Obama's 3 year debt has passed that of Bush's 8 year debt including 2 wars... clearly Obama is UNPATRIOTIC...right?

Zero out the Corporate income tax and tax dividends instead! If a company spends it on workers and buying things it adds revenue!

Fix immigration so the businesses that hire them pay their taxes and they pay taxes too!

What about the businesses that are sending jobs overseas in the name of the bigger profit Gods? There doesn't seem to be a political will anywhere to "fix" that except to perpetrate it and bail out the criminals.
"Fix immigration" -now there's a vague, blurry, "let somebody else-figure it out" statement. How would you "fix" it -details pray (I can hardly wait!).
 
 
+4 # Cliff 2012-09-01 18:49
Republicans don't want to fix this. They know that many businesses rely on illegal immigrants for cheap labor.
 
 
+3 # bingers 2012-09-02 04:25
Quoting edge:
Obama called Bush "unpatriotic" for running up the debt!
Now Obama's 3 year debt has passed that of Bush's 8 year debt including 2 wars... clearly Obama is UNPATRIOTIC...right?

Zero out the Corporate income tax and tax dividends instead! If a company spends it on workers and buying things it adds revenue!

Fix immigration so the businesses that hire them pay their taxes and they pay taxes too!


When corporations paid 52% of the federal taxes we flourished, now that they pay 8% of them we're in the toilet.

Corporations are the problem and should not be allowed to spend a cent on political action of any kind.
 
 
+13 # pagrad 2012-08-30 05:31
There is the conclusion that anyone who votes for an American Republican Party candidate is not thinking rationally and not logically. Such a person is not just misguided; they have not received a credible education. In doing so, they are actually dangerous. What should be done with someone who actually endorses Treason?

Such an act used to be considered just a misjudgment or a poor opinion. Not so, these folks are putting the rest of society in danger. A convicted criminal is isolated and put in prison so that they will no longer harm other people. What should be done with individuals who advocate the destruction of our cities and our country?

One just has listen to the nonsense platitudes and irrational statements of these Republicans. If permitted, we can easily show their statements to be irrational. In the meantime, uneducated citizens are easily convinced that truth is being expressed.

The American Republican candidate for President has publicly stated that he prays several times a day. There is no way that this may be proven. However, how can the American public support someone who exposes to lead a nation, based on superstition and unsupported ‘faith’, rather than actuality and facts?
 
 
+3 # Cliff 2012-09-01 18:54
I heard him say that he prays once a day. If he really believed in prayer, he would pray many times a day. Of course, he might have been saying that he 'preys once a day'. I think that he does that more often.
 
 
+24 # wrknight 2012-08-30 06:25
Not only that, but if you look at the national debt since 1980, you will find that the largest increases came during Republican administrations . Reagan raised the debt higher than any president since Roosevelt who had to pay for WWII and help get us out of a depression that Republicans got us into. Afterwards, Bush Sr. raised the debt substantially (but he didn't come close to Reagan). The only time the debt went down was when Clinton was in office. Then, of course, there's W. Bush who outspent Reagan and led us into near bankruptcy. No Democratic president since Roosevelt has come close to Republican debt building.

Years ago, Republicans said about Democrats that all they do is "tax, tax, tax, spend, spend, spend". Republicans, on the other hand borrow, borrow, borrow, spend, spend, spend.

And then they bitch about the deficit (but only when Democrats are in office).
 
 
+21 # Midwestgeezer 2012-08-30 06:38
Might we also mention that we are now being asked to contribute $19.00 per month to assist our "Wounded Warriers", seemingly left behind by those who pushed us into the debacle that was Iraq? Worthy cause though it may be, where in hell are the billionaire types who led the cheers for these military misadventures? We know where they are: They are pumping hundreds of millions of dollars into electing more of their types so as to continue their disastrous policies. Were hypocrisy painful they'd all be on extra strength Vicodin 24/7.
 
 
+21 # Rita Walpole Ague 2012-08-30 06:47
Please allow me to thank and praise, with my whole heart and brain, Bernie Sanders.

It's hard to comprehend how anyone such as Bernie, who is so obviously a very loving/caring people server (and very bright to boot) can endure living a politican's life today, particularly in Washington, D.C., national capitol of the U. S. of (greed and power) A.(ddiction).

Sen. Sanders, it's you and a very few others (i.e. Kucinich) who are rays of hope for we the sheeple, here and around the world. Please hang in there, and keep working hard, speaking up and out, and doing any and all you can do to...

UNDO THE EVIL COUP !
 
 
+5 # bingers 2012-08-30 08:16
I met Bernie in St Louis at a media convention. What surprised me, judging by his seriousness whenever you see him on TV or read his posts like the one here, he's a very funny guy in person.
 
 
+7 # dkonstruction 2012-08-30 07:27
The unspoken issue in all of this discussion is the fact that the way that money gets created in this country is as debt through the private banking system i.e., the government does not really create money but rather issues it as debt (via such things as Treasury bonds) which the banks then purchase and which we all then pay interest on. That's the real problem. Why have we given control of the creation of money (which we need to start viewing as a "public utility" that facilitates our economic growth (but which in and of itself does not i.e., money should be a means for exchange and not an end in itself). If the government issued its own money (as Lincoln did during the civil war with the "greenbacks" it could be issued interest free in order to pay off the debt over time. this has been an ongoing battle since the founding of the country (since the colonies printed their own money which helped to facilitate our pre-revolutiona ry economic growth until the brits started flooding the country with counterfeit currency and then stopped the colonies from printing their own money because they realized it rendered britain "unnecessary" for the colonies wellbeing).

Part of the discussion at this point needs to be the creation of publicly controlled financial institutions and public control over money creation.

To think you are ever going to be able to "regulate" the private banks at this point so they behave is dillusionary.
 
 
+7 # conniejo 2012-08-30 07:55
Maybe what we need is a new WPA, with all those new workers hired as bank regulators!
 
 
+5 # bingers 2012-08-30 08:20
Quoting conniejo:
Maybe what we need is a new WPA, with all those new workers hired as bank regulators!


Great! Coffee all over the screen. It's almost certain though that a few hundred hobos would do a better job of running the banks than Jamie Dimon and his buddies.
 
 
+2 # dkonstruction 2012-08-30 09:17
Quoting conniejo:
Maybe what we need is a new WPA, with all those new workers hired as bank regulators!


While i certainly agree we need another WPA style program it's important to remember that the WPA (and the New Deal as a whole) was greatly flawed and did not go nearly far enough. As conservatives love to point out these days, the New Deal did not get us out of the depression; World War II did. This is absolutely true. Of course, what the conservatives leave out is that the war effort was a huge government program (both through employment but perhaps even more importantly as consumer through government procurement of everything from planes, cars, trucks etc., to clothing, food, etc). So, in the end whether it was the New Deal or the War Effort that got us out of the depression both were the result of massive government programs. At the same time, most of the New Deal legislation expressly prohibited blacks from being the beneficiary of such benefits e.g., blacks could not get FHA loans to purchase a new home. Finally, the New Deal did not go nearly far enough not just in regulating the banks but in carving out a space for publicly owned financial institutions so that "finance" was also treated like a "public utility" instead of simply a completely privatized system in which money simply makes more money but produces nothing.
 
 
+4 # Working Class 2012-08-30 12:44
The conservatives are correct that it was the industrial explosion made necessary by WWII that got us completly out of the Great Deprssion. The New Deal simply bought us time by giving people hope and some work. Where the conservatives go off the track is they say government spending did not get us out of the Great Depression, private industry did. Who the hell do they think was spending all that money to fight WWII?
 
 
+3 # Cliff 2012-09-01 19:00
I know Republicans believe in war as a necessary evil. I do not. Sure it provided jobs, but we can provide jobs on projects that spend the money locally.
 
 
+7 # dick 2012-08-30 08:11
Deficits & Debt SURGE when CRIMINAL banksters tank the economy & we HAVE TO Borrow & Spend our way out. Job #1: Hold the criminals on Wall St. & elsewhere ACCOUNTABLE. Dems must stop Nixon-like Obstruction of Justice. No preemptive pardon for Wall St. BREAKINg their influence in DC must come FIRST. Only then will opportunities to address other issues emerge. ObamaDems have BETRAYED their country by protecting Wall St. criminals. Do NOT reward Obstruction of Justice.
 
 
+12 # James Smith 2012-08-30 08:40
Let us not forget that, if religions had to pay taxes like any other business, it would amount to 71 Billion dollars a year. That could mean a tax reduction of over $2,000 for every person in the USA.
 
 
+11 # Vardoz 2012-08-30 10:04
As Elizabeth just said on MSNBC Romney and Ryan are in a game that's loaded for the wealthest, they are trying to steal the election, Ryan bet against the nation succeeding as they aggressively obstructed everything that Obama was trying to pass. All reps get govt pensions for life + triple A health care so it's socialism for the rich, billions for the richest corporations and crumbs for the rest of us.
 
 
+5 # Johnny 2012-08-30 10:39
C'mon, Bernie. Find your cojones and just come out and say it: the trillions we spend for endless wars for Israel are destroying this country, and there will be no economic recovery for the 99 percent without an end to the wars.
 
 
+10 # dkonstruction 2012-08-30 11:14
Quoting Johnny:
C'mon, Bernie. Find your cojones and just come out and say it: the trillions we spend for endless wars for Israel are destroying this country, and there will be no economic recovery for the 99 percent without an end to the wars.


If you believe that the US went to war in either Iraq, Afghanistan, Libya and now Syria for Israel i think you are deluding yourself. The US has always engaged in its imperialist, militarist adventurism to serve its own imperial aims. Israel is viewed as being a necessary ally in that effort but it is for our benefit not theirs. Not to mention that the recent lovefest between American Fundamentalist Christians and Israel again has nothing to do with their love for Israel but rather in their belief that the biblical "apocalyspe" will be a war between Israel and the Arab states out of which both will be destroyed which will then usher in "the Rapture."

It is one thing to be completely critical of Israeli state policy and to talk about the power of the Israeli lobby in washington but that is very different from believing that the US ruling class ever does anything to benefit anyone other than themselves (if someone else benefits in the process that is fine but that is a mere consequence and not the reason for it being so in the first place).
 
 
0 # Cliff 2012-09-01 19:06
Johnny didn't say anything about Israel, but you raise an interesting point. I mean Christians don't really like Jews, do they?
 
 
0 # bingers 2012-09-02 04:41
Quoting Cliff:
Johnny didn't say anything about Israel, but you raise an interesting point. I mean Christians don't really like Jews, do they?


I like them just fine.
 
 
+5 # fraleigh44 2012-08-31 13:54
Bingers is right on target. As we lowered the upper tax bracket from 90+% to just 30+% or so it now means that the wealthy can still deduct all of their reinvestment costs but they will only get 30 cents on the dollar back. Before, when the rate was 90+%, they could get 90+ cents back on their dollar invested. What a nice deal! The government (us)will pay 91% of your plant expansion etc. Now when you have to put up a dollar of your money you will only get back 30 cents. So you think twice before creating jobs or expanding the plant. It was better when the government paid the majority. And we all know the results of that thought process.....tri llions stashed off shore avoiding both taxes and not helping the country out. So much for being true Americans. Send the bums on a raft to the Caymans for a sand bath.
Fred
 
 
+4 # whereiscommonsense 2012-08-31 15:44
OK, let's see - Republican rich white guys create jobs.....hmmmmm mmmmm don't think so. Bush started giving the wealthy "tax cuts" (since he owed them big time for buying his presidency) in 2001. And of course their drum beat is that with this influx of cash, they create jobs. Fast forward to 2012....where are all the jobs? Me thinks these greedy bastards have some explaining to do. Oh, and by the way, Mitt and Paul, look out cause smart women vote!
 
 
+3 # Cliff 2012-09-01 18:24
Republicans blocked the stimulus program until it was ineffective. Picture a society with no money at all, only trades. Very ineffective. That is the boat that we are in. Give the poor money, they will spend it and spur the economy on. Give the wealthy money and they will send it to the Cayman Island banks and on wars. Spend locally. We need to penalize any company that builds products or provides services from other countries.
 

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