Chronicling the follies of religion and superstition, the virtues of skepticism, and the wonders of the real (natural) universe as revealed by science. Plus other interesting and educational stuff.
"Tell people there’s an invisible man in the sky who created the universe, and the vast majority believe you. Tell them the paint is wet, and they have to touch it to be sure."
“If people are good only because they fear punishment, and hope for reward, then we are a sorry lot indeed”.
“Skeptical scrutiny is the means, in both science and religion, by which deep thoughts can be winnowed from deep nonsense.”
Bruce Bartlett tallies it. The damage this single president did to the core of the country’s fiscal health - and our ability to weather a storm like 2007 - 2009 - is hard to find parallels with. Money quote:
Putting all the numbers in the C.B.O. report together, we see that continuation of tax and budget policies and economic conditions in place at the end of the Clinton administration would have led to a cumulative budget surplus of $5.6 trillion through 2011 – enough to pay off the $5.6 trillion national debt at the end of 2000.
Tax cuts and slower-than-expected growth reduced revenues by $6.1 trillion and spending was $5.6 trillion higher, a turnaround of $11.7 trillion. Of this total, the C.B.O. attributes 72 percent to legislated tax cuts and spending increases, 27 percent to economic and technical factors. Of the latter, 56 percent occurred from 2009 to 2011.
When you check reality, rather than the alternate universe constantly created by Fox News and an amnesiac press, you find that Bush had a chance to pay off all our national debt before we hit the financial crisis - giving the US enormous flexibility in intervening to ameliorate the recession. Instead, we had to find money for a stimulus in a cupboard stripped bare - its contents largely given away, by an act of choice. I’m tired of being told we cannot blame Bush for our current predicament. We can and should blame him for most of it - and remind people that Romney’s policies: more tax cuts, more defense spending are identical. With one difference: Bush pledged never “to balance the budget on the backs of the poor.”
Mitt Romney has no qualms about doing that very thing. And he will, if he is given the chance.
House Budget Committee Chairman Paul Ryan (R-WI) told Christian Broadcast Network earlier this week that the House GOP’s budget, which he wrote, was driven by his Catholic faith. “A person’s faith is central to how they conduct themselves in public and in private,” Ryan said, and Catholic principles are what led him to cut programs for the poor so as to keep people from becoming “dependent on government.”
As ThinkProgress noted Tuesday, Ryan’s budget seems toignore Catholic social teaching that calls for protecting the poor and improving access to food, jobs, health care, housing, and the social safety net. And now religious leaders are making the same case. The founder of the PICO National Network, the largest national coalition of religious congregations, slammed Ryan’s claim of adherence to Catholic teaching as “the height of hypocrisy” in a release circulated Wednesday:
“It’s the height of hypocrisy for Rep. Ryan to claim that his approach to the budget is shaped by Catholic teaching and values,” said Fr. John Baumann, S.J., founder of PICO National Network. […] “A central moral measure of any budget proposal is how it affects “the least of these” (Matthew 25). The needs of those who are hungry and homeless, without work or in poverty should come first.”
“By these measures,” the release says, “the Ryan budget is a severe failure,” noting that it cutsMedicare, Medicaid, Pell Grants, food stamps, and “other programs that help vulnerable working families make it through tough times and live better lives,” while giving massive tax breaks to the wealthiest Americans and corporations. Overall, 62 percent of Ryan’s budget cuts come from programs that benefit the poor. “The mission of the Church is to ‘bring good news to the poor’ and to protect the vulnerable, not to justify the impoverishment of the very young, the very old and the sick in order to enrich the wealthy,” the release says.
Nice to see the church in the news for positive reasons, for once.
[I]f the Treasury forecast is right [regarding the deficit shrinking under Obama to under $1 trillion], it will point to a marked improvement in the nation’s fiscal conditions. For that matter, a $300 billion one-year reduction in the deficit is likely to be the best in American history, at least in real-dollar terms.
For the record, I don’t consider deficit reduction an especially important goal under the current circumstances, and would be much happier if policymakers were borrowing right now — at remarkably low interest rates — to make vast public investments and boost the economy.
But the political world has accepted as fact the notion that a smaller deficit is a better deficit. And with this in mind, will Tea Partiers and deficit hawks herald the news as a great accomplishment for President Obama?
Somehow, I doubt it.