Archive for category 2012 Elections
Republicans Reportedly Ready to Accept Mitt Romney’s Tax Plan
Posted by Richard Warnick in 2012 Elections, Federal Budget, Mitt Romney, National Politics, Republicans, Tax Policy, This Blog on November 26, 2012

The news media are excitedly telling us that (some) Republicans are announcing their readiness to keep all the Bush tax cuts in place in exchange for cuts to Social Security, Medicare, and Medicaid. This has been portrayed as “a big concession,” “willingness to compromise,” and “softening their stance.”
Steve Benen points out what it really is: “[O]n the one hand, Republicans would get the tax rates they want. On the other hand, Republicans would also get the entitlement changes they want.”
House Speaker John Boehner said Republicans are interested in a deal that would include higher tax revenue “as a byproduct of a growing economy, energized by a simpler, cleaner, fairer tax code, with fewer loopholes, and lower tax rates for all.”
But this is the same as Willard (“Mitt”) Romney’s plan — cut tax rates, limit deductions and then assume that a surge in economic growth will magically produce higher revenue. A plan firmly rooted in Arthur Laffer’s fantasy land, where tax cuts pay for themselves. And Republicans think they deserve cuts to social safety net programs in exchange for agreeing to the Romney tax plan, which was just rejected by a majority of voters three weeks ago!
UPDATE: Josh Marshall:
The big ‘breakthrough’ of the day is the apparent willingness to put ‘revenue’ on the table in on-going tax, budget, fiscal cliff, whatever-the-new-name-is-today discussion. But only one caveat: they’re now willing to raise revenue, just not raise rates. This is silly.
…We’ve been doing this for a century. When you want to efficiently raise revenues, you raise rates. A major simplification of the structure, rooting out all the miscellaneous loopholes and special interest deductions, is probably also a good idea. But that’s for fairness and efficiency. Not what you do if the federal coffers simply need more money.
…President Obama holds all the cards on the Bush rates. Just let them expire. Once they do, if Republicans really want to take it that far, come back on January 3rd with the new Obama Middle Class Tax Cut bill. The House can pass it or not.
Our Multidimensional Crisis: Institutional Breakdown
Posted by Glenden Brown in 2012 Elections, Activist groups, Afghanistan, American History, American People, Bailout, Bush Administration, Climate Change, Conservative, Conservatives, Conspiracy theories, Deficit, Economy, Elections, GLBT issues, Iran, Iraq, Liberal, Poverty, Religion, Religious Fundamentalism, Republicans, Science, Society, This Blog, Tribalism & Blind Obedience to Authority, Unemployment on November 19, 2012
The signs are all around us – our crisis continues to deepen and to engulf us in its complexity.
Manuel Castells, in the introduction to The Power of Identity:
The Iraq invasion was the return of the state in it most traditional form of exercising its monopoly of violence, and it followed a major crisis of international governance institutions, starting with the United Nations, marginalized by the United States, and the apparent triumph of unilateralism in spite of an objectively multilateral world. [snip]
Not only was the United States drawn into protracted wars in Iraq and Afghanistan, as al-Qaeda wanted, but its inability to build a global governance system led to a multidimensional, global crisis of which the financial collapse of 2008 was only its most damaging expression.[snip]
. . .. in the long term the trends that characterized the social structure ultimately imposed their logic, but in the short term the autonomy of the political agency could oppose such logic because of the interests and values of the actors occupying the commanding heights of agency. When such is the case, as during the Bush-Cheney administration period, the discrepancy between structure and agency induces systemic chaos, and ultimately destructive processes that add to the difficulties of managing the adaptation of the nation-state to the global conditions of the network society.






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