Multinationals, It’s Your Move


Flickr/ virtualreality

If your business practices are the embodiment of the picture above, I implore you to take heed.  We know who wears no clothes. We’ve given it a lot of thought and we’re ready to take away your social license to operate. The game is over.  The jig is up.  We’re sick and tired of being sick and tired.  We’re ready to open our windows to stick out our heads and yell.

In short, we’re “mad as hell and we’re not gonna take it anymore!

We all live in glass houses now.  Choose your next move wisely as the time for cleverness has passed.

Company taxation: The price isn’t right | The Economist

What does Social Security have to do with the Deficit?


I think I know the answer to this, but I thought it might help others if we brought in a trusted figure so that we could be certain that we’ve nailed this down.  With that, I present to you our former president, Ronald Reagan.

President Reagan, what does Social Security have to do with the deficit?

Thank you Mr. President, but I’m still a bit fuzzy on the particulars. I thought you said that if we reduced Social Security benefits, that we’d be able to use those funds to reduce the deficit.  Could you go over that bit again, sir?

My fault entirely mister president.  I had this completely confused.  I now understand that Social Security does not contribute to the deficit as it is a stand alone fund that is contributed to separately from the general tax fund.  Thank you for clearing that up, sir.  I feel better knowing how Social Security is funded and that it is not contributing to the deficit.

I have one more question Mr. President.

Could you tell me if defense spending contributes to the deficit?

flickr/DonkeyHotey

The source for the video and therefore the impetus for the post came from here.

Are we backing into austerity?


flickr/DonkeyHotey

First it was the debt ceiling.  Now we’re cleaning up the fiscal cliff mess, but there are rumblings that we’ll have another debt ceiling showdown in the coming months.  Republicans should be ceding ground as they hold only one of the three houses of power in Washington (gerrymandering aided at that), but instead they’re repeatedly holding the economy hostage for their political gains.  (We already have a reverse Robin Hood system which facilitates an upward transfer of wealth through cartoonishly low tax rates on capital gains and estates.)  If those who could oppose them continue to blink, the situation will continue to deteriorate.  The weak economic recovery will stall and those who wish to dismantle the social safety net will be in a better position to do so.  Hilarity will not ensue.

The old axiom “Never negotiate with terrorists” seems to hold water here, but what do I know, I’m just a poor boy…

I have squandered my resistance

For a pocket full of mumbles such are promises

All lies and jests

Still a man hears what he wants to hear

And disregards the rest

-Simon and Garfunkel “The Boxer”

Obama Makes 3rd Offer – Rs Take Another Step Back


Click through below for the details on the offer, but first chew on this quote from Michael Steel.

Any movement away from the unrealistic offers the President has made previously is a step in the right direction, but a proposal that includes $1.3 trillion in revenue for only $930 billion in spending cuts cannot be considered balanced. 

In other words, they’re not trying to repay the debt, or even close the gap in the deficit, they”re just playing a regressive game of high stakes tiddly winks.

Wonderful.

via Obama Makes Third Fiscal Cliff Offer.

Elizabeth Warren Explains the Basis of the Social Contract


This is fantastic.  Elizabeth Warren is running for senate in Massachusetts and I could easily see her heading for a higher office a few years down the road.  Check out the video from earlier this week and please share your thoughts in the comments.