I wrote earlier about LR 126 which is a Republican attempt to limit voting. This is part of a nationwide effort by Republicans to suppress voting. Paul Krugman of the New York Times has an excellent piece entitled “Plutocrats against Democracy”. I encourage everyone to take the time to read and consider the article, especially how it relates to Montana’s elections. I would then encourage everyone to see who big money out of state PACS and corporations are supporting. Then, ask yourself whether those same candidates are going to represent you or their sugar daddies.
What a great day it is to celebrate the magic of the free market and the liberation of deregulation! The Public Service Commission voted to allow Northwest energy to buy the power generating dams in Montana from PPL. This will make the second time Montana’s rate payers get to purchase the exact same assets resulting in the highest rates for electricity in the region! Man, if that doesn’t get you excited about deregulation, I don’t know what will.
This fiasco goes back to the halcyon days of the mid 1990s when Montana state government was totally controlled by Republicans. Marc Racicot, who later cashed in as a D.C. lobbyist for (surprise) energy companies, was the Governor. Current Stevensville Legislator Fred Thomas was also an ambitious legislator in those days, and was the rising star of the Montana GOP.
In 1997, Senator Fred and Governor Marc believed that any regulation was bad and that the free market system was the cure all for whatever ailed us. So, they, together with the executives of the Montana Power Company, decided to deregulate Montana Power so it could sell its assets and try to make some quick money as a telecom company. Montana Power then sold its dams, which had been built by ratepayer money, to a Pennsylvania firm, PPL. Of course, the consumers were told that the magic of the free market system and competition would make energy rates plummet. Except, the result for ratepayers was the opposite, rates skyrocketed. Then, the telecom company went bankrupt in 2003 and shareholders got 29 cents a share, down from $65 a share at the time of deregulation.
Now, in a magnificent victory for the Republican mantra of the infallibility of the free market and deregulation, we Montana rate payers get to pay $870 million for the same dams that we had already paid for once. Sure, everyone in Montana has been paying out the nose for this debacle since 1997 and will continue to do so for the foreseeable future, but at least Marc Racicot got to move to D.C. where he doesn’t have to pay these rates, and he got rich. And really, isn’t that what the Republican ideal is? A few getting rich off the backs of millions?
Sometimes politicians slip up and allow their real selves to be exposed. Take for example, the city councilman from Poplar Bluffs, MO., who apologized for putting racist photos on his Facebook page. Of course, he said he didn’t mean to offend anybody, explaining, “At one time I was a very active Republican, very opposed to Obama.” So, apparently he and other Republicans opposed to Obama figured the best way to oppose Obama was to post racist photos on Facebook. And, apparently they posted the racist photos because race was why they were very opposed to Obama.
Then, when some of the smarter Republicans in Missouri didn’t think it was a very good idea for the true feelings of Republicans to be exposed, got the councilman to then apologize to the Republican Party saying, in direct contradiction to his original apology, “Anything I have said, that I have referred to the activity because I was a Republican, that is not true.”
It is hard to believe there is some racial tension in Missouri these days, isn’t it?
I have written before about how the entire Republican theory of trickle down economics has been a fraud. More evidence continues to prove that fact. A study from Stanford has shown that since 1984 (end of Reagan’s first term), the median wealth in the United states has declined by 20%. Meanwhile, the wealth of the top 5% has increased almost 100%.
Even more shocking is that the bottom 25%, which would include a lot of Montanans, has declined 60%! The numbers are truly shocking. Wealth is generally defined as assets minus liabilities. The biggest asset held by most middle income families is the equity in their home. The median family (those at 50%) had wealth of $87,992 in 2003. Then the recession of 2007 hit (Bush the 2nd era) and in 2013, the 50% mark was only $56,335. In the same time, those at the 25% level went from $10,192 to only $3,200.
Now, we have Republicans Zinke and Daines running for national offices promising more of the same. I really don’t understand why anyone who does not have at least $750,000 in wealth would ever vote Republican. The Republicans have destroyed the middle class and sent those who were on the edge into poverty. And yet, Montanans still vote red. Amazing.
Congressman Paul Ryan (R WI) has released a new Republican Budget proposal. Unsurprisingly, the proposal includes many cuts to programs for the poor, leading some to call Ryan, the Anti-Robin Hood . The Republicans not only seek to starve the poor and disabled, but also seek to make further tax cuts for the rich and increase defense spending, also known as welfare for defense contractors.
Hidden in the depths of the proposal is the Republicans’ most radical idea – the killing of Social Security. Social Security has a $3 trillion surplus, which has been built up in anticipation of the retirement of baby boomers. Rather than hold onto $3 trillion in cash, the Social Security Administration has invested the money in U.S. government bonds, widely considered to be the safest investment in the world. These are the same bonds that anyone can buy from the U.S. government.
A bond is essentially a loan to the government. Say you purchase a $1000 bond. That money is then used by the government to pay its ongoing obligations. In return, you receive a document promising to pay the money back together with interest. In his budget, Ryan states: “The [Social Security] Trust Fund holds Treasury securities, but the ability to redeem these securities is completely dependent on the Treasury’s ability to raise money through taxes or borrowing.”
Ryan appears to be stating that in order to balance his budget, he wants the U.S. government to default upon its debt to the Social Security Trust Fund and, by extension, default upon its obligations to the elderly of the country. There are ,however, major problems with Ryan’s plan. The main one is that default is unconstitutional. Section 4 of the 14th Amendment states: “The validity of the public debt of the United States … shall not be questioned.” Article I, section 8, clause 4 provides that the Congress can borrow money “on the credit of the United States.”. These 2 provisions together mean that Congress can borrow but can’t renege.
Of course, the other problem is that all of the money in the trust fund was put there by workers and employers for the sole purpose of providing some security for workers in their old age. When Republicans say they don’t want to pay back the money they borrowed for the Iraq war and the Bush tax cuts, what they really mean is they want to help the rich on the backs of the working class.
I have written often that it makes much more sense to elect politicians who believe in science, since they are the people who set national policy. It makes no sense to me to elect people who will enact policy simply based upon belief or faith, no matter how strongly that belief is held.
There has been much a lot of noise made over the last several years by politicians and others supported by the oil and gas industries that the science regarding man made climate change is inconclusive or false. Is it?
A study by geochemist James Lawrence Powell looks at the cumulative science. He reviewed all 10,855 articles and studies published in peer reviewed journals and found that all but 2 found that man made climate change was real and supported scientifically. Put another way, that means only .02% of articles disputed the reality of man made climate change.
On the policy side, rather than the science side, 56% of Republicans in the House deny the science of climate change. 65% of Senate Republicans are science deniers. Why would these seemingly educated rational people take such an extreme, unscientific position? As always, it’s about the Benjamins. The science deniers in Congress have collected over $55 million in campaign donations from fossil fuel energy companies.
Our own Republican Congressman science denier, Steve Daines has received over $326,000 from extraction industries. I guess that explains Daines.
Paul Ryan, the Republican Congressman from Wisconsin and failed Vice Presidential candidate is somehow considered by some folks as a “serious” voice on the right about budgetary numbers. However, whenever he writes or says something, actual serious people often respond with, “Wuh?”
For example, Ryan went before The Conservative Political Action Conference (CPAC) and said that liberals only offer people “a full stomach and an empty soul”. He went on to illustrate this with a little story of a “young boy from a very poor family” who received free lunches at school “from a government program.”
“He didn’t want a free lunch,” Ryan insisted. “He wanted his own lunch, one in a brown paper bag, just like the other kids.”
“He wanted one, he said, because he knew a kid with a brown paper bag had someone who cared for him. This is what the left does not understand.”
Now, Ryan and Republicans in general want to cut free school lunches. So, I guess Ryan believes that if the boy goes hungry at lunch, somehow he will feel better about himself. Ryan apparently believes that the reason the boy in the story doesn’t get a brown bag is because his parents just don’t care. It seems that Ryan just can’t wrap his head around the scenario that his parents don’t give the boy a brown bag because they have no food. That would especially be the case now since Ryan and the Republicans have successfully kept the boy’s parents from receiving food stamps or unemployment insurance.
Ryan doesn’t explain how having an empty stomach somehow leads to a full soul. I can’t seem to find that passage in the Bible. I do remember from Sunday School, though, that Jesus was rather fond of feeding the poor.
So, why are there voters in Montana that want to turn our state into the Mississippi of the Rockies? I don’t get it, it just makes no sense.
Way back in December I wrote a somewhat sarcastic post about how Republicans were trying to teach their Congressfolk to sound like they they’re a little bit more sensitive to women’s issues. Then, just a little bit more than a month later, I read this story.
Nothing says sensitivity to women’s issues like excluding abortions from being considered a medical procedure subject to income tax deduction. Not only that, but since they would allow deduction for abortion expense in the case of incest and rape, it will be up to the IRS to determine if there was a legitimate rape. Republicans are purposely digging up the politically dead body of good ol’ Todd “legitimate rape” Akin.
I am really curious about who sits around thinking this stuff up. When I had my vas deferens cut and tied so my life making sperm would instead die a slow and ignominious death, it was a tax deductible medical expense. How is that any different? The “Small Government” Republicans sure seem to have an unhealthy fetish with lady parts.
We often hear corporations and corporate shills (Republicans) argue that the tax rate for corporations, nominally 35%, is too high. The problem with corporate tax rates are too high, it’s that a lot of very profitable corporations pay NO federal income taxes.
Then there are the companies like Apple, which dodge taxes by hiding their profits. Over the last decade, tax dodging has cost the U.S. more than $3.09 trillion. So, Congress does nothing about these huge inequalities, while Congressman like Steve Daines votes to cut food stamps for kids and the elderly because we supposedly can’t afford food. If Daines and the other rich guys who complain about the deficit were actually serious, this is where they would begin.