Super Congress in Session - More of the Cruel Charade
By Michael Collins
Wall Street and the big banks owe $1.5 trillion for the bailout (at least). The Super Congress needs to cut $1.5 trillion over ten years. Get the money from Wall Street and cancel the Super Congress. Problem solved.
Last month’s debt ceiling crisis was resolved when Congress and the Obama administration made a deal to cut trillions in federal spending over the next ten years. Congress identified the easy cuts, the low hanging fruit so to speak, for a total of nearly $1.0 trillion. At the same time, Congress and the White House created the “Super Congress” committee of six senators and six representatives charged with cutting another $1.5 trillion. (Image: Lucy White with permission)
The committee has unparalleled power to draft legislation, without the normal legislative processes of debate, deliberation, modification, and amendments. If seven of the twelve committee members vote in favor of the budget cutting legislation by the November 23 deadline (see chart in appendix III), the bill will be submitted to the entire Congress for an up or down vote. The bill will not be subject to any modification or change. Debate will be very limited. (Joint Select Committee on Deficit Reduction Text-pdf)
PermalinkThe War on You
By Michael Collins
Let the word go forth from Washington! The corporate rulers occupying our nation's capital have declared war on just about every citizen.
Have no doubt: those in the upper ranges of the top 1% of wealth in this country (aka The Money Party) want to kick you to the curb.
They want to reduce your social security and make you go broke paying for medical care.
They want to lower your wages and trash your retirement.
They ignore the clear facts that we've had negative job growth since 2000 and the situation is just getting worse.
They want to ship jobs, factories, and entire businesses overseas and give companies that do that a big fat tax credit for doing so.
They've been given so much for nothing for so long. Now, they're ready to take it all. It's their time!
Obama's Budget Betrayal - Questions and Answers
By Michael Collins
Question: Why did President Obama put Social Security and Medicare on the table in the budget negotiations when 80% of the people oppose cuts to these programs?
Answer: The president is not in office to represent those people. He was selected, funded and carried over the finish line by corporate America. Look at the appointment of Wall Streeter Timothy Geithner, the bailouts, and the failure to prosecute any of the crooks who caused the current recession. He's serving the people who put him in office. Those people don't need Social Security and Medicare.
Choreographed Budget Cave In - The Money Party Stabs Citizens in the Back
By Michael Collins
So this is how it is going to be:
"After putting controversial cuts to Social Security and Medicare on the table in negotiations with congressional Republicans over a plan to raise the nation's debt ceiling, President Obama still doesn't have a deal in the works." Chris Moody, Yahoo News, July 7
Who told President Obama to put "controversial cuts on Social Security and Medicare on the table"? Hasn't the president seen his public opinion polling numbers lately? He is consistently at or below 50% job approval. (Image)
Didn't he pay attention to the special congressional election in the highly conservative, long-time Republican upstate New York district that elected a Democrat for the first time in years?
Isn't the President Obama aware that there's an election coming up; that many of the people he is so willingly and openly betraying rely on Social Security to live and Medicare to stay alive?
What planet does he live on? (Unless this is what he truly desires.)
Killing Us Quickly – Ryan’s Medicare Proposal
We're not worth having around after 65, says Michael Collins. Why else would they want to kill us off?
House Budget Committee Chairman Paul Ryan (R-WI) proposed a Medicare plan that combines Social Darwinism and a bailout for health insurance carriers, even larger than the one provided by the president's health care reform legislation.
The specific features of the program are less important than the overall effect. In summary, Ryan proposes a plan that will starve most of those sixty-five and older of health care. Here are the numbers, based on Congressional Budget Office projections and elaborated by Dean Baker and David Rosnick (in 2011 dollars) (Center for Economic and Policy Research, April 2011)
Republican Plan to End Social Security, Medicare and Medicaid
by Stephen Lendman
Public rhetoric obscures important facts about these plans politicians won't discuss in their zeal to end them incrementally.
Medicaid is welfare for low-income beneficiaries, jointly funded by the states and Washington, managed at the state level.
Social Security and Medicare are insurance programs, funded by worker-employer payroll tax deductions. They're contractual federal obligations to eligible recipients who qualify. However, you'd never know it the way both programs are publicly discussed, explaining everything but the truth.
On August 14, 1935, the Social Security Act became law, known as the federal Old-Age, Survivors, and Disability Insurance program (OASDI). It provides retirement, disability, survivorship, and death benefits. It's still America's most effective poverty reduction program that's worked remarkably well since inception. It exists to provide secure inflation-adjusted retirement or disability income, unlike risking personal savings to create private wealth and perhaps lose it.
Universal Single Payer Health Care Coverage: An Economic Stimulus Plan
by Stephen Lendman
The Institute for Health & Socio-Economic Policy (IHSP) is "non-profit policy and research group and is the exclusive research arm of the California Nurses Association/National Nurses Organizing Committee, (focusing on) current political/economic policy analysis in health care and other Industries....to enhance, promote and defend the quality of life for all."
In January, it released a "First-of-Its Kind Study" titled, "Single Payer/Medicare for All: An Economic Stimulus Plan for the Nation" to reform the system by providing universal care, adding productive new jobs, billions in public and private revenues, billions more in employee compensation, and added tax revenues. More on that below.
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