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Romney’s Pants are On Fire…

 

Romney pumped out at least 20 lies last night, masquerading them as fact. What I found interesting is the statement he made about his sons who could tell the same lies over a period of time until they were accepted as fact. This is obviously a family trait.

Here are some examples of Romney’s fabrications:

Mitt: “I don’t have a $5 trillion tax cut. I don’t have a tax cut of a scale that you’re talking about.”

A Tax Policy Center analysis of Romney’s proposal for a 20%  across-the-board tax cut in all federal income tax rates, eliminating the Alternative Minimum Tax, eliminating the estate tax and other tax reductions, would reduce federal revenue $480 billion in 2015. This amount to $5 trillion over the decade.

Mitt: “I will not under any circumstances raise taxes on middle-income families. I will lower taxes on middle-income families.”

The studies Romney cites actually further prove that Romney would, in fact, have to raise taxes on the middle class if he were to keep his promise not to lose revenue with his tax rate reduction. Combine this with his statement two weeks ago that “Middle Income” means an annual earning averaging $250,000.00 with a minimum of $200,000.00. That sure sounds like upper income to me. Us $50-60,000.00 folks will get taxed.

 

And what about corporations that ship jobs overseas?

If he’s such a businessman… who has actually sent companies to China… don’t you think he knows about the tax break?

I wonder ho many lies will come out of the VP debate? Ryan certainly has been spouting them since his nomination.

Frankly, I don’t believe anything the Republican candidates say. If they have learned to do a good performance of untruthful things then that is what has to be addressed. Obama better wise up to this.

 

 

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An Economic Quote for the Day

Romney keeps saying his plan will cut Obama‘s deficit. Turns out it’s another lie from the Mittster. At least that’s what the experts say.

“The bottom line is that whatever baseline you use, until Romney makes good on his promise to pay for his tax cuts, he would increase the deficit far more than Obama would.”

– The Tax Policy Center’s Robert Williams

Romney’s tax cuts for all those multi millionaires would increase the deficit by nearly $5 trillion over 10 years. That’s on top of keeping the Bush tax cuts for the rich. Romney has promised to close various loopholes to pay for his tax cuts, but he hasn’t specified which ones. And he’s not likely to because none of them are actually possibile.

A Quote for the Day – Taxing the Rich…

Obama says Republican Leaders Must Bend on Taxes – especially in restoring tax cuts for the rich.

Speaking at his Press Conference today:

“If you are a wealthy C.E.O. or hedge fund manager in America right now, your taxes are lower than they have ever been. They are lower than they have been since the 1950s. And they can afford it… You can still ride on your corporate jet. You’re just going to have to pay a little more.”

– Barack Obama

Repeat after me: LESS TAX CUTS!

I’m getting really tired of these right-wing corporation kissers who are demanding MORE TAX CUTS when we are already taxing less as a percentage of GDP than we have since 1950 (and if you remember at that point, the upper 1% of rich Americans was being taxed close to 90%).

The Bureau of Economic Analysis (BCA) puts it this way in it’s report:

Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8% of income before rising slightly in the first three months of 2010.

“‘The idea that taxes are high right now is pretty much nuts,’ says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.”

Let’s get down to the real changes that are necessary:

A. If we are going to cut expenses let’s bring home the troops and cut the military…

B. Let’s get the same deal on pharmaceuticals that the VA has for all Americans (and save $50 Billion)…

C. Bring the tax levels on the upper 1% back to what they were the day before Bush lowered them…

Of course, we are going to see the Republicans hang on to the Paul Ryan plan because they have all but married it. Don’t expect changes from the House then. And hope that Obama and the Senate don’t knuckle under. Just get us to the 2012 elections and eject the idiots who have made the House the non-voice of the people.

On the 1,515th Valentine’s Day we are looking at a lot less love for working classes…

On the 1,515th Valentine’s Day we are looking at a lot less love for working classes…Obama is getting ready to put in his budget cut proposals and it looks like the folks who are going to be asked to hold their breaths and take the biggest cuts are those of us on the bottom.

This from the Associated Press:

Less than two months after signing tax cuts for the wealthiest Americans into law, President Barack Obama proposed a spending plan to Congress that cuts funding to programs that assist the working poor, help the needy heat their homes, and expand access to graduate-level education, undermining the kind of community-based organizations that helped Obama launch his political career in Chicago.

Now here is what I want to know…since the Tax Cut deal Obama supported and got through is going to give us a $1.6 Trillion deficit, and our Federal Revenues will be greatly reduced because of the cut, what will keep us functioning? Part of the budget proposal swings more responsibility to the States:

“To help employers keep workers on the job, the Budget will encourage States to expand use of short-time compensation… Also known as work-sharing, this voluntary employer program helps firms retain workers by reducing employees’ weekly hours instead of laying them off. Workers with reduced hours receive a partial unemployment check to supplement their reduced paycheck.”


From what I understand, however, the States don’t have a big income source either. I look at West Virginia especially. We are one of 45 States who are not going to make our State Budget this year. Very few of the funds from the Recovery Act are available after August 2011.

I have an idea… let’s bring back some of the taxes on the top 2% of our citizens and write of this problem once and for all. I’m not opposed to taking my cut here as long as those rich types get their incomes cut, too.

Quote of the Day – Why I love Austan Goolsbee…

“Well, look, it pains me that we would even be talking about this. This is not a game. You know, the debt ceiling is not something to toy with. If we hit the debt ceiling, that’s essentially defaulting on our obligations, which is totally unprecedented in American history. The impact on the economy would be catastrophic. That would be a worst financial economic crisis than anything we saw in 2008.

As I say that’s not a game. I don’t see why anybody’s talking about playing chicken with the debt ceiling. If we get to the point where you’ve damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity.”

– Austan Goolsbee, the chairman of the Council of Economic Advisers, on ABC’s This Week, commenting on Tea Party insistence that the country’s debt ceiling not be raised.

Cartoon(s) of the Week – Old Year Ends, New Year Starts

Clay Bennett in the Chattanooga Times Free Press:

We will soon see the results of extending the Bush Tax Cuts

-and –

Joel Pett in USA Today:

The new Republican House will try to undo the best products of the past year…

-and –

Jim Morin in the Miami Herald

…and Knowledge will no longer be Power…

-and –

Ed Stein of The Rocky Mountain News:

…but Money will!

Looks like Obama got more today than anyone expected…

Both the Senate and the House (finally) passed the health bill for 9/11 first responders and it was sent to the White House for Obama‘s signature. The Senate was unanimous (after offices of Senator Coburn and others were stormed by 9/11 first responders this morning.) The House took very little time to pass it… and now it’s going to be law. It looks like the Republicans were “shamed” into coming in on this after tromping it the other day.

The Senate also finished up with and passed the START arms reduction treaty with Russia by a 71-to-26 vote. The treaty had needed at least two-thirds support for passage.

The President signed the Don’t Ask, Don’t Tell bill that was passed yesterday.

I’ll bet Mitch McConnell will have to agree with Lindsey Graham that Harry Reid has “eaten our lunch.”  And the President, at his Press Conference this afternoon said “we are not doomed to endless gridlock.”

Today, Obama and the Democrats lived up to their word. They maintained their focus and, despite the agreement on the Tax Cuts, brought in the majority of their bills. It’s going to be a Happy Holiday for Democrats.

From Andrew Leonard in this morning’s Salon:

clipped from www.salon.com
 

Democrats concede: the tax cut deal passes

Angry House members bow to the same political reality that forced Obama to bend the knee…
 

Pelosi

So this is what bipartisan unity looks like. Rush Limbaugh and Nancy Pelosi agree on at least one thing — they really, really didn’t want to pass Obama’s tax cut deal. But in the end, House Democrats bowed to the same reality that brought the White House to the bargaining table — after the thumping of the midterm elections, they had no leverage to cut a good deal.So after a very long day, with the clock about to strike midnight on the east coast, Democrats and Republicans joined together to approve the deal, by a handy margin, 277-148 The final vote was not, however, as overwhelming as the Senate’s 81-19 total. 111 Democrat representatives dissented, and they did not look like happy campers, as the stood, arms folded across their chests, as the final votes were tallied.

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Excuse me while I puke… this sucks!

Watching the Senate stage an intelligence dump as they go through Tax Cut votes…

I don’t know if  any of this stuff is really believable. I watched a gloomy couple of hours of debate this morning when the Republicans held off any changes in the Obama-McConnell Tax Cut extension, keeping Democratic changes from coming into play. Now I’m watching as all the amendments proposed by Republicans and Bernie Sanders get voted down (they need a 2/3 majority under these rules), which, I think, it was previously agreed upon.

I guess they will then put the 61 votes necessary behind the Bill as written (and complain about how they HAD to do it… especially from the Democratic side)… and then it will go to the House and go through the same kind of brouhaha with the same results.

I wish I felt that the main motivation here wasn’t “vote for it now so we can go home for Christmas” or some other pathetic excuse. But it seems pretty clear that this will be a day cheered on by the rich, who will make out like bandits for the next couple of years. Sanders’ amendment, which is currently being voted (down, I’m sure… there’s no way it can get the 67 Aye votes necessary) which would remove the tax cuts from the top 2%. As I watch them muddle around on the Senate floor I am more and more aware that this is a crowd of rich people… many who became rich by becoming Senators. Why would they vote against themselves?

And then there’s my Senator, Joe Manchin, and Joe “the sleeze” Lieberman who are voting NO with the Republicans on taxing the rich.

This is going to be even more fun in January when there are more Republicans in the Senate and a Republican Majority in the House. We might as well give our country to the Chinese now and get it over with.

Unusual Vote Watch in the Senate…

About an hour ago the Senate started moving forward the Tax Cuts and Unemployment Benefits bill (actually based on HR 4853) and, since they need to get 60 votes to pass it, this is being held open so all Senators can vote. Given the weather conditions nationwide, some Senators have had trouble getting back from the weekend, and I am not sure who we are waiting for and how long they will continue to hold it open.

At the one hour mark the vote was 58 – 6 in favor of passage. The 6 NO votes so far are all Democrats (Bingaman, Feingold, Leahy, Sanders, Gillibrand and the Udall from Colorado.) You can see Senators wandering in here and there on screen and the Senate Pages wandering around and talking to each other. They are in the W’s on the Roll Call and the fellow with the list is calling out  vote results (so far, I guess). Sounds like the AYES are a mix of Dems and Reps. Brown of Ohio just became the seventh NO vote.

———

Baucus is now the 59th AYE… one more and this passes.  66 have voted so far and that means there are 34 to go, assuming they all vote.

However, Senator Lincoln just voted AYE, so it looks like they have the 60 that pass the measure.

I’m not sure, but I think all this vote means is they move forward now to 30 hours of debate on the final bill. It’s now 63 – 8. The actual, final, real vote on this will not happen until tomorrow or Wednesday, I guess. At an hour and 20 minutes, I’m checking out.

Renewing the Bush Tax Cuts Is Like…..

Renewing the Bush Tax Cuts Is Like:

” driving your car off the cliff, paying a tow truck twice the price of the car to haul it back up, then driving it back over because your brother-in-law’s cousin’s friend told you this time it will fly.”

(this is a contest By larry beinhart (about the author)

Go to this section of OpEd News to Enter and see the other responses.

Cartoon(s) of the Week – So where did the tax cut extension proposal come from?

Kevin Siers in the Charlotte Observer:

So who ran the discussions on the tax cut extensions?

– and –

John Sherffius in the Boulder Daily Camera:

Perhaps it was Mitch McConnell who influenced Obama

– and –

Rob Rogers in the Pittsburg Post-Gazette:

… or maybe it was Boehner who decided the rich were worth more than the overall economy…

– and –

Jim Morin at the Miami Herald:

… or perhaps Obama just didn’t try.

No one deserves “Quote of the Day” recognition more than Bernie Sanders:

I watched a lot of the 8 1/2 hours that Bernie lectured the Senate in his epic “filibuster” on the proposed tax cut extension. Here is a really precise quote:

“But it is not just a disastrous trade policy that has brought us where we are today. The immediate cause of this crisis, and it gets me just sick talking about it … is what the crooks on Wall Street have done to the American people.”

– Senator Bernie Sanders (D – Vermont)

Whether his long speech will make a difference we will have to wait and see on Monday when the proposal comes up in the Senate. I hope people have called and emailed their Senators supporting Bernie’s position.

A Quote for the Day … I picked this up from Taeggan Goddard’s blog:

“It has become a widely-noticed habit of yours to concede or to adopt both the Republican terms of policymaking and Republican policies and programs… For many of your 2008 voters, this will indeed be the last straw for any active support they might have considered providing you.”

— Ralph Nader, in a letter to President Obama, attacking his tax cut deal with Republicans.

Does anyone remember what Obama SAID he was going to do?

… and what Boehner said as well?

This is pathetic. I hope the rest of the Democrats show some guts and pull this down. Of course, that’s not likely to happen.

At this point, I think Obama has kissed Democrats goodbye…

As of this morning it seems that Obama is ready to deal with the Right… extend the Bush tax cuts for a couple of years in exchange for one year’s extension of Unemployment funding. The tax cut deal is tentative. It hasn’t gone through Congress yet (although McConnell is probably dribbling with laughter in his office), but it probably will.

When even Conservatives like Joe Scarborough sees and comments on the fact that Obama is moving directly to the Right…
which will not increase job creation much, but will add at least a trillion new bucks to the deficit…we know it’s a lot of money.  And who is going to lend it to us? The Chinese? Are we going to listen to Obama’s financial team that extending tax cuts are going to get us out of recession?

And now we won’t be able to blame this crap on Bush anymore. Obama owns it and is most likely making himself a one-term President. And a lot of very unhappy Democrats like me will probably help him to become a one-termer. As Joe Scarborough just said: “At least they can’t call him a Socialist any more.”

I think it is up to Nancy Pelosi (certainly not Harry Reid) to try to hold this arrangement off… and, as I have said before, it would be better to have this whole arrangement with the Right flushed down the toilet and get NO tax cut extensions for ANYONE, than to do anything like what is coming out of the White House. (Steny Hoyer, however, will go along with it… miserable power seeker… and will undermine Pelosi.)

So now we have to pay for increased troops in Afghanistan where we are getting nowhere even faster than before, we have to suffer increasing rather than decreasing unemployment making our tax revenues even lower, and we can look forward to a GOP-controlled future… amazing with a Democratic White House and Senate… which will take us further from the America that was built by generations of progressive leaders from Roosevelt (FDR) through Johnson.

If the Tea Party takeover has taught us anything, it is that we need a new grass-roots progressive movement. And we have to push from the ground up. It’s going to take 30 years.

At least.

From The Hill: Collins says ‘Don’t ask, don’t tell’ repeal must wait for tax cuts By Michael O’Brien

Susan Collins (R-ME), member of the United Sta...

Susan Collins (R - Maine)

Here’s a piece of O’Brien’s article.

The next time someone tells you that Susan Collins is a “liberal” Republican, have them read this…

There’s more at TheHill.com:

clipped from thehill.com
Democrats hoping to move forward with legislation other than tax cuts shouldn’t look to centrist Sen. Susan Collins (R-Maine) to break the logjam.

Collins said again on Friday that, while she would vote with Democrats to end the military’s “Don’t ask, don’t tell” policy, she wouldn’t do so until a debate over tax cuts has been resolved.
“Once the tax issue is resolved, I have made it clear that if the Majority Leader brings the Defense Authorization bill to the floor with sufficient time allowed for debate and amendments, I would vote to proceed to the bill,” she said in a statement.

The statement is a sign that Senate Minority Leader Mitch McConnell‘s (Ky.) Republican conference hasn’t fractured in its insistence that the expiring tax cuts be dealt with prior to action on any other legislative business.

 

All 42 Senate Republicans wrote Majority Leader Harry Reid (D-Nev.) to inform him that the GOP wouldn’t allow any other issues to move before tax cuts during the lame-duck session.
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Quote for the Day – I agree with the Iowa Senator:

“I’m just hoping that the president sticks to what he said in Iowa during the campaign, and throughout the campaign, that he was drawing the line at $250,000.”

– Tom Harken (D – Iowa)

However, don’t be surprised if Obama backs down and gives the Millionaires and Billionaires big tax cuts beyond $250,000.00 thinking the Republicans will give him unemployment assistance and  a variety of expiring tax breaks for low-wage and middle-income workers as part of any deal.

Does anyone trust these guys?

The Bush Tax Cuts for Millionaires and Billionaires… will they get extended? This from FireDogLake today:
clipped from fdlaction.firedoglake.com
Michael Bennet gets caught in a moment of rare honesty with an open mike in the Senate:

“It’s all rigged. The whole conversation is rigged. The fact that we don’t get to a discussion before the break about what we’re going to do in the lame duck. It’s just rigged.”

Of course it is. They know what they want — a deal to extend all the Bush tax cuts for two to three years. It’s just a matter of how the Democrats can set the Republicans up to take the blame, yet not do it in a way that causes political blowback for them. They tried for months to get the Republicans to share the blame for the health care bill, and couldn’t pull that off either, so I doubt their competence has improved significantly.
So, Nancy Pelosi will preside over her little piece of stunt theater today in the House, taking a meaningless vote that will surprise nobody when it fails because she set the bar for success at 290 votes, which they can’t possibly hope to achieve.

But gosh darn it, they tried

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… and this from FireDogLake’s Founder. Jane Hamsher:

Morning with the House of Representatives…

“Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself.”

Mark Twain

I’m having a morning of amusing television watching the House of Representatives on C-Span debate the extension of the Bush Tax Cuts. Well, right now they are debating the rules by which they will debate the subject (which is funny enough in and of itself).

The Democrats are pushing to extend the cuts to 98% of Americans who earn less than $250,000 a year while restoring the taxes on Millionaires and Billionaires. Republicans are threatening a standoff… either give tax cuts to everyone, including the wealthy, or have the vote held up and watch it die in the Senate.

The republicans are, essentially, wasting as much time as possible with the goal of getting into the next Congress and passing  return to the Bush tax cuts as a return legislative move.

Of course, the thing that would work now is the Democrats in the House pushing this through and the Senate finding two Republican votes to get the filibuster-ending 60 votes which would pass the legislation before everyone trots home for Christmas.

Is this likely to happen? Probably not. There is also the notion that the President has already agreed to a temporary extension for everyone and the wealthy would be taxed again a couple of years down the road. With change in control of the House, this would be highly unlikely…the Republicans, supporting the wealthy, would seek permanence of the extension.

While a fifteen minute vote on the first House rule is going on in the House, I switch to the Senate to listen to Byron Dorgan (D – North Dakota) compare the untaxed Wealthy with the middle class soldiers who get up this morning to get shot at by Afghanistanis. I don’t think anyone is listening (the Senate floor seems to be empty). I’m often curious if Senate speeches accomplish anything at all.

Back to the House where Democrats are voting for the rule and Republicans are voting against it. Surprise, surprise. Wouldn’t it be amazing if Congressfolk voted according to actual values rather than party lines?

From PERRspectives: Why in hell do we want to continue the Bush Tax Cuts?

Don’t you see what they have caused? Here are the 10 Epic Failures of the Bush Tax Cuts (each one will lead you to an overall definitive view):

  1. Dismal Economic Growth
  2. A Decade of Budget Deficits
  3. Red Ink as Far as the Eye Can See
  4. Disastrous Job Creation
  5. Declining Incomes
  6. Increasing Poverty
  7. A Massive Windfall for the Wealthy
  8. Record Income Inequality
  9. A Sagging Stock Market
  10. Jeopardizing Future Economic Growth

Well, I see why the wealthy are happy with the continuation, but that rules 99% of us out.

David Stockman, Reagan’s Budget Director, says GOP has abandoned fiscal responsibility…

This morning on Fareed Zakaria’s show:

So, is there something we DON’T know?

Joe Conason quoted a group of millionaires supporting the end of the Bush Tax Cuts for them…

I appreciate these guys, and Joe Conason should be patted on the back for pointing them out. Here is their letter to President Obama:

We are writing to urge you to stand firm against those who would put politics ahead of their country.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

We have done very well over the last several years. Now, during our nation’s moment of need, we are eager to do our fair share. We don’t need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.

…and that from over 40 patriotic Americans.

Lame Duck Session starts today…I’m hoping they just let the Bush tax cuts expire…

..and by that I mean for everybody. I no longer believe that extending them would aid the middle class… they will just make the deficit worse. It certainly won’t help if we extend them to the wealthy… it will just put is a trillion dollars further into the hole.

What we must see is that when Bush put in the tax breaks eight years ago, they just made everything worse… they did not help as they were supposed to. Remember the definition of insanity? It’s making the same mistake over and over and expecting different results. If the tax cuts are extended, the results will not be different. It will not create jobs. It will leave us in greater debt. We won’t be back where we began, we’ll be far worse.

With good luck, the division between the Dems and the Repubs will prevent ANYTHING from happening. Then, in January, the Republican-controlled House will be faced with a situation where they won’t be able to do anything without working together with the Democrats… and they just may start to solve the problems.