You are hereBlogs / dlindorff's blog / Watch Your Wallet! Much Ado about Nothing in Budget Debate

Watch Your Wallet! Much Ado about Nothing in Budget Debate


By dlindorff - Posted on 25 February 2013

 

By Dave Lindorff


By Dave Lindorff


All the sturm and drang in Washington over the March 1 deadline for a budget deal is an act. Two acts really.

The Republicans are pretending that if we don’t have budget cuts this year, the whole US economy will collapse because of the nation’s enormous indebtedness.

The Democrats are pretending that if no deal is reached, and automatic across-the-board cuts of 8% for the Pentagon and 5% for other programs will not only put the nation’s defense at risk and cause widespread suffering, but that it will derail the nation’s fragile economic “recovery.”

Both claims are, to put it gently, bullshit.

To put it in perspective, remember we’re talking about $86 billion dollars in spending for this current year.

That’s in a federal budget of $3.5 trillion, and a national economy of$16 trillion. A little math is in order. One trillion dollars is $1000 billion dollars. So $86 billion dollars represents just 2.46% of the federal budget. And it represents just 0.5% of GDP.

To put that in context another way, in December Congress, with little discussion or fanfare, allowed federal funding for emergency unemployment benefits to expire. That sucked $30 billion out of the economy this year, taking it all from people who are jobless and desperate. At the same time, it ended the temporary 2% cut in the FICA payroll tax for Social Security. That sucked another $115 billon out of all workers’ pockets. So a total of $145 billion was removed from the economy without any concern at all being expressed about the impact that hit would have on the economy, and we’re talking about an amount that’s nearly twice as much as the cut from so-called sequestration.

We could also talk about the over $400 billion in stimulus spending that the Obama administration and Democrats in Congress pumped into the economy in 2009. It clearly was an amount far too small to kickstart the economy out of the depression it had by then fallen into. Now if $400 billion was too small to accomplish much in 2009, how bad is taking out $85 billion in 2013?

Answer: it’s not such a big deal.

I think what’s going on here is a much more complicated dance...


For the rest of this article by DAVE LINDORFF in ThisCantBeHappening!, the new independent Project Censored Award-winning online alternative newspaper, please go to:www.thiscantbehappening.net/node/1602

 The Silver Drone with Coca-Cola Cluster

by michael hall
 
 
 
What audacity it must take to set yourself apart from those who serve in the trenches
for a kid gangsta of capitalism to sip a cold coke tightly clasped 
while the other hand is stroking a joystick & with just  gentle pressure
8000 miles away human beings who have never done his or hers any harm are now droned into bugsplat
 
What exceptional bravery this act of aggressive violence must trigger
for s/he might suffer from carpal tunnel syndrome or bear a blister on the  finger
with nerves of steel ne'er to complain for lives are at stake so s/he carries on & pushes the button of terror
careful, what if the soda spilled thereby rendering the keyboard useless? Oh the horror!
 
To wreak out death upon  terrorists disguised as sheep-herding children, ah the in discerning bravery
to slaughter dangerous pregnant women at a bridal shower, what pluck & heroism 
to kill  marauding medics & first-responders daring to help the wounded from your earlier kill, irreproachable daring
such gallantry and fearlessness one must exhibit to slaughter mourners at a funeral procession
 
So to show recognition to the brave souls who kill at command at the press of a knob 1/2 a world yonder     a distinguished 'warfare' medal of honor  has been created to award those who have no honor      
announced with grandiose fanfare & full flags a' flapping  just the other day by war criminal DS Panetta
this will outrank the bronze star, the purple heart  & what a triumph is that america?
 
Such a propaganda coup d'état by the bureaucrats in  subterranean dusty think tanks deem
spun a wonderful way to legitimize a most immoral & illegal act that defines odium
as they flim-flammed & came up with this 'combat' decoration for a most despicable accomplishment
still i wonder what lucky american school kid will be the first to touch one or to toss it down a toilet
 
Back at home in the united states of mordor vat is known now as da faterland
a great cackle of cheering among thunderous applause droned at every school, church  & walmart throughout the homeland 
to praise & pay tribute  to those  daring war-idols who've earned such a  distinguished medal confer
the  much coveted and respected; 'Silver Drone with Coca-Cola Cluster'
 
For who else  should earn by total disregard to personal safety with such displays of  video gallantry  & virtual valor won
nobody else could deserve such a high tribute & renowned award squealed Leon Panetta from atop a nefarious pile of splattered blood & bleached broken bones swept under the rug by the embedded media & acquiescent proletariat
these extraordinary actions by lightening slight of hand manipulation upon a joystick of discriminating death with unthinking critical process performed by our blue-blooded obedient hired guns
to illegally & immorally murder anyone anywhere anytime for any reason above the rule of law is now the definition of American Hero & the legalities  for the justification of  it are classified... 'secret'

Support WarIsACrime



Donate.








Tweet your Congress critters here.


Advertise on this site!




Facebook      Twitter





Our Store:



















Movie Memorabilia.



The log-in box below is only for bloggers. Nobody else will be able to log in because we have not figured out how to stop voluminous spam ruining the site. If you would like us to have the resources to figure that out please donate. If you would like to receive occasional emails please sign up. If you would like to be a blogger here please send your resume.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.