Dear Congress (re: Debt Deal)

You didn't push the button... You made a deal to make a deal to push the button if you can't agree to push the button.

via The Huffington Post:

Congressional leaders and President Obama on Sunday night announced they've cut a deal to avert a historic U.S. default, saying they have assembled a framework that cuts some spending immediately and uses a "super Congress" to slash more in the future.

The deal calls for a first round of cuts that would total $917 billion over 10 years and allows the president to hike the debt cap -- now at $14.3 trillion -- by $900 billion, according to a presentation that House Speaker John Boehner (R-Ohio) made to his members. Democrats reported those first cuts at a figure closer to $1 trillion. It was unclear Sunday night why those two estimates varied.

The federal government could begin to default on its obligations on Aug. 2 if the measure is not passed.

The next round of $1.5 trillion in cuts would be decided by a committee of 12 lawmakers evenly divided between the two parties and two chambers. This so-called super Congress would have to present its cuts by Thanksgiving, and the rest of Congress could not amend or filibuster the recommendations.

But if the super Congress somehow failed to enact savings, the measure requires automatic cuts worth at least $1.2 trillion. Those cuts would be split equally between military and domestic programs. Social Security, Medicaid and programs for the poor would be spared, but Medicare providers -- not beneficiaries -- would take a hit.

Compromise is a concept that everyone likes to espouse. It is so lauded and aggrandized in mainstream society, yet few people are truly willing to compromise. In this age of opinions, we like to say that everyone's opinion matters, yet when it comes time to move, most people are so stuck holding up their ideologies that they can't even begin to agree. Such is the case with you today, Congress.

Throughout the summer, and dating back to the 2010 midterm elections, the rising national debt has been a topic of hot debate. The hard (or imagined; no one really knows) date of August 2nd was engraved in our country's mind as the day when the United States would no longer have cash to sustain its spending. Congress, you were entrusted with finding a solution that would not only stop the bleeding from our credit cards, but also to bring in some additional cash so that maybe we wouldn't have to resort to rampant borrowing to make ends meet. I won't go into the specifics of whether I supported cuts or new revenues (you can look back at my other letters for that). The debt deal is already done, so having a written standoff about the ideological standpoints is futile. What I will take a stab at, though, is that the deal is little more that a deal to make another deal.

Congress, your job is simple: enact laws and legislation that reflect the views of the American people, and the realities of an eminent future. The months leading up until tomorrow have been a political three-ring circus, to say the least. Your simple duties have been absconded in a haze of filibusters, name-calling, misguided lone-rangering, misinformation and inactivity. From the Tea Party and GOP's unwavering insistence that everything with a pulse be cut, to Obama's 'holier-than-thou' approach, to the Dems disappearance, it seemed like no one on Capitol Hill really had the cojones to do what was right in the shadow of an impending financial collapse. Since none of the key players or sides in the debate were willing to concede, and our President forgot that he is the Executive of our fair country, we ended up with a deal that does nothing other than postpone our D-Day until Christmas. I can just feel the holiday cheer already.

Yes there are cuts, but they're mostly discretionary, and to things that already had one foot out of the door. Medicare and Medicaid, while pet programs of the Dems and sworn enemies of the GOP, are essentially going to be outmoded by Obamacare. Defense, with the Iraq and Afganistan wars simmering, was already a target. No new taxes or elimination of tax loopholes. No creative solutions to spur the economy. No infrastructure or educational plans to get the wheels rolling. Just... a deal to make a deal, and another 'bipartisan committee' to place the onus on balancing our books on. That's just not efficient, Congress. While I am liberal to the core, I understand what conservatives mean by there being too much 'government' when I think about a 'trigger' for more cuts or the new committee.

Congress, your task was to compromise so that we as a country don't have to think about defaulting on our national debts in another year's time. Instead, you effectively put off the hard decisions for no reason. We aren't any closer to a balanced budget than we were a year ago, because there is so much posturing, so many 'my way or the highway' leaders, and too many opinions (some corporate-funded, some just asylum-insane) for there to be any real consensus. If you think for a minute that this deal accomplished something more than attempting to placating the media and the few political extremist hell-bent on their own ideologies, you're dead wrong. This debt deal, and the negotiations that brought it along, proved that you are running about as efficient as a Ford Pinto with rear-end damage right about now, with no plans to put the fire out anytime soon.

You, Congress are in session for less than half of the year, usually taking summers off. That none of this became urgent until mid-July showed how truly disorganized you are. A compromise was your only task, and you couldn't even get a real one. Just a nice story for the papers, and another six months of uneasiness and anxiety for the American people to have to cope with. We elected you to make decisions for the country, not argue about who really cares about the country. Rather than be talking heads, why not be thinking ones? Thinking heads who look at the facts above all else and put strict party lines on the back burner to get the job done. Thinking heads who take the lessons of the past into consideration to make for a successful future. Thinking heads who have innovative plans while continuing to listen to the constituents that put them in office. Democrat or Republican, Independent, Moderate, Progressive or Tea Partier, liberal or conservative, you have to share the brunt of these decisions. Compromise doesn't mean anything if the status quo continues to be protected. Perhaps it's time you began compromising like there's more at stake than re-election...

Tax Breaks for the Rich vs. Budget Cuts for the Poor

More infographics. One more time, but really for your mind. If you haven't been paying attention for the past 6 months or so, the United States is at a crossroads of economic discourse. The haves and have-nots have always been disparate, but with the extension of George Bush's tax cuts, the distance between the two is set to grow exponentially. Conservatives, most notably the Tea Party, have put forth rhetoric saying that tax cuts for the rich will boost the economy by encouraging trickle-down economies. Basically, they're implying that by supplying the rich with more disposable and untaxable income, the rich will re-invest that money back into businesses and it will ultimately trickle down to the poor.

Yet as we've seen over the past decade, whether it's the financial collapse of 2008, the increasing tension between labor unions and owners, or our country's still-laconic economy, the rich have no intention of putting money back into the economy. They're content to put their money away in interest-bearing accounts and offshore entities to keep it 'safe'. What conservative political pundits fail to mention, though, is the crippling effect it has on the rest of us, further shrinking the middle class and widening the gap between the rich and poor. And all of this is lieu of the now GOP-led Congress threatening to cut numerous programs that would help the 'lower' class of the country. The infographic above compares the two: the tax cuts for the rich, and the cuts to programs such as early childhood education, teacher training and after-school programs, and job training for the unemployed. The good people over at the Center for American Progress put it together in the hopes that it would enlighten those blinded by conservative bullshit rhetoric. See what all the hub-ub is about above, and remember to VOTE so we don't have a government hell-bent on propping up the same elite class that propagated our financial collapse...

Dear Republican National Committee

Well, I guess you can cross at least one of the ones on the left off...

via Politico:

The Republican National Committee has just over $5 million in the bank for the final stretch of the 2010 midterm election campaign, according to an unannounced filing with the FEC disclosed Friday night.

The report also indicates that the national party headed by embattled chairman Michael Steele is carrying just over $2 million in debt.

There was no press release from the RNC attempting to put a positive spin on the grim numbers. Rather, officials from the Democratic National Committee flagged the RNC's report, which was posted on the Federal Election Commission’s website Friday night.

It indicated that the committee brought in slightly more than $5.5 million in July — less than half of what the DNC raised — while spending $11 million.

Wow, RNC... Just, wow. If you opened up your metaphorical wallet right now, what would come out? My guess is dust and a lot of receipts for humble pie. That's because you guys are broke. Point blank. As a party your net worth right now is just over $5 million. $5 million???? LeBron James and Kim Kardashian get paid more to tweet! 'The Situation' from Jersey Shore makes $5 million!! And you guys are saying your budget is so dry that you can't outbuy a steroid-pumped, fake-tanned reality star? C'Mon son. This is one of the many hypocrisies that plague the Republican party. You guys are so adamant about fiscal responsibility and cutting back spending, and keeping the government out of the economy. Yet, you can't even pay your own bills. How can the country trust a party that's less solvent than the country itself? How can you guys profess that the Dems are full of it economically, when they don't have to start rock on the corner to fund mid-term elections.

It's even funnier, because your party has been gaining some steam, with all of the snafus that the Dems have been encountering. The Tea Party has a healthy following of idiots and Sarah Palin is using feminism to tout her own brand of stupidity to a loyal following. If you guys had half an idea about how to handle money, maybe you'd be able to capitalize. Not that I'm upset your party can't balance a checkbook, but it just goes to show you that those who constantly talk the talk most likely can't walk the walk. It just sucks you guys might have to go to CashForGold.com to pay for a midterm election period. That's sad. Imagine if you guys had this opportunity during a Presidential election and couldn't foot the bill. I think America would just be forced to pull the plug on you, GOP. Whatever the case, keep on tossing out drivel and expecting the rich to back you, when you guys are two late fees away from the poorhouse. I think some menial labor and accommodations are just what you need. Then we'll really see what you think about jobless benefits and financial overhaul...

Dear GOP

Truer words have never come out of an elephant's mouth...

via The New York Times:

Senate Republicans, united in opposition to the Democrats’ legislation to tighten regulation of the financial system, voted on Monday to block the bill from reaching the floor for debate. As both sides dug in, the battle has huge ramifications for the economy and for their political prospects in this year’s midterm elections. Republicans said they were intent on winning substantive changes to the bill and accused the Democrats of rushing the most far-reaching overhaul of the financial regulatory system since the Great Depression. Both sides say they expect the overhaul eventually will be approved.

Democrats charged that Republicans were leaving the country at risk of another financial calamity and siding with wealthy corporate interests. The chief executive of one such firm, Goldman Sachs, the Wall Street powerhouse accused of fraud by federal regulators, is to testify Tuesday before a Senate committee. Sensing political momentum at a time of deep public anger at Wall Street, Democratic leaders said they would keep the regulatory bill on the floor — and delay the rest of their busy legislative agenda — to ratchet up the pressure on the Republicans.

Democrats said they believed the fight over financial regulation — and signs of economic recovery in many parts of the country — could help turn the tide of anti-incumbent sentiment that has them bracing for substantial losses in November. President Obama joined in criticizing Republicans for refusing to begin debate, and urged them to “put the interests of the country ahead of party.”

There is nothing worse than when an entity just can't admit when it is wrong. Actually, I rescind that statement. It's even worse when that same entity knows it's wrong, tries every method in the book to keep those wrongs from being exposed, and blocks every attempt to right those wrongs. I couldn't be talking about anyone, but you, oh great GOP. You see, over the past 10 years, America has gone from a surplus, to a crippling deficit, to a full blown recession. As a matter of fact, the surplus Clinton left you guys with left faster than it came. That said, rather than change your clearly errant ways when Obama took office, you guys have been more stagnant than a turtle sipping sizzurp. When it came for the health care bill, you as a party made it your prerogative to block the bill, no matter how much the facts and national support stacked up against you. And the same thing is happening again with this financial regulation debate.

You see, I wouldn't be so mad if you guys weren't so adverse to even talking about reforming the regulatory standards of the financial industry. Truth be told, if you guys were open to debate, came with points that were valid and more complementary to the country's financial health than the Dems, what could I or anyone else say? That would be retarded. If something is clearly beneficial to the country, opposing it is hindering not only the country, but the entity opposing it. It's as if as soon as Bush was out of office, someone in the GOP sent a party-wide memo entitled 'NO'. The memo was simple: say no to everything. How can you build any type of following or make any progress when anything not from your party is met with unanimous opposition? How can you claim to want to 'take back America' when you don't even listen to America? Hell, how can you watch the American economy crumble, and then say no to debating (not even legislating) a solution? What sense does that make??

GOP, I've had a revelation about you, especially after you trying to block this financial debate. You're like the parent that says no to everything. You don't even look at the permission slip for the field trip before you say no. You have your no's cocked and loaded like an American soldier lost in hostile territory. It's actually sick how readily you reject things thrown your way. Perhaps, after the financial debate does go through (there's no way the public or Obama will let them live the block down), you should watch this movie, and take notes. It'd definitely make your options a little more diverse...