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Fiscal Cliff: Déjà Vu

While we are thinking about the Fiscal Cliff we need to think about fixing our country.

 

From Robert Reich:

So the bidding has begun.

According to the Wall Street Journal (which got the information from GOP leaders), the President’s opening bid to Republicans is:

— $1.6 trillion in additional tax revenues over the next decade, from limiting tax deductions on the wealthy and raising tax rates on incomes over $250,000 (although those rates don’t have to rise as high as the top marginal rates under Bill Clinton)

— $50 billion in added economic stimulus next year

— A one-year postponement of pending spending cuts in defense and domestic programs

— $400 billion in savings over the decade from Medicare and other entitlement programs (the same number contained in the President’s 2013 budget proposal, submitted before the election).

— Authority to raise the debt limit without congressional approval. (more…)

By |2012-12-02T20:09:00-04:00December 2nd, 2012|Economy|Comments Off on Fiscal Cliff: Déjà Vu

Sunday Morning News Roundup

Sunday Morning News Roundup

I really haven’t said anything for the last couple of days because… I really haven’t had anything to say.

A large earthquake in Canada caused a tsunami warning in Hawaii. Tsunami warning was just lifted. Thankfully, it was a false alarm.

Once again, I’ve become disillusioned with North Carolina. No, I think “disappointed” is better. It is now clear that the progressive wave that swept the state back in 2008 was overtaken by the tea party in 2009 and 2010. We are still recovering from our tea party hangover. I was hopeful that we may had flipped back into the progressive column, but we haven’t. Latest polling still shows North Carolina leaning towards Romney.

This probably reflects my bias, but I think it is critically important that the Salt Lake Tribune has endorsed Barack Obama for a second term. The language of the endorsement is pretty stark – More troubling, Romney has repeatedly refused to share specifics of his radical plan to simultaneously reduce the debt, get rid of Obamacare (or, as he now says, only part of it), make a voucher program of Medicare, slash taxes and spending, and thereby create millions of new jobs. To claim, as Romney does, that he would offset his tax and spending cuts (except for billions more for the military) by doing away with tax deductions and exemptions is utterly meaningless without identifying which and how many would get the ax.

Nate Silver, from the New York Times, has put out a comprehensive assessment of where everything stands in the polls. It is clear that Barack Obama has halted the momentum that Mitt Romney achieved after the first debate. Ohio continues to be the pivotal state. All signs continue to point to President Barack Obama winning four more years.

For years, everyone has said that in order to win elections you really need to win the ground game. You have to organize. You have to get people out to the polls. You have to get volunteers on the phone banks. You have to do the groundwork. Once again, this election, just like the last one, has come down to who has the best organization. Once again, it’s not the best organization in states that don’t matter like Texas, New York and California. Instead, it is who has the best organization in the swing states like Nevada, Ohio, Michigan, Florida, Virginia and North Carolina that really matters.

Please don’t assume that anything that I’ve written today or in the past suggests that this race is over. It is not. This race is very close. A major gaffe, a major event, something unforeseen can still swing this election for Obama or for Romney. There is still plenty of work to be done on both sides.

Make your voice heard. Vote!

By |2013-11-03T18:15:48-04:00October 28th, 2012|Elections|Comments Off on Sunday Morning News Roundup
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