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Allison Kilkenny

Allison Kilkenny

Posted: September 17, 2010 12:18 PM

The establishment media has, thus far, allowed the deficit hypocrites to screech about fiscal responsibility one moment, and then frantically work behind closed doors in the next to ensure the deficit continues to inflate. Ben Nelson (D-NE), Kent Conrad (D-ND), Evan Bayh (D-IN), Joe Lieberman (I-CT), and 31 House Democrats have all voiced their opposition to allowing the expiration of the Bush era tax cut for the wealthy. These representatives all claim to be fiscally conservative, yet they're actually fighting to increase the deficit.


A quick fix to begin reducing the deficit would be to remove the biggest deficit-contributor, the Bush tax cuts for the wealthy. It would also help to end the Iraq and Afghanistan occupations. In the cases of the tax cuts, and the military occupations, a majority of Congress and the establishment media have been complicit in not only cheerleading the parade of mistakes, but also in subsequently demanding the necessity of both measures. Tax cuts for the rich stimulate the economy! Al Qaeda is coming to drink our blood! We're not Socialists! The surge worked!

A recent favorite example: The AP recently ran a story with the headline "Nearly Half Oppose Tax Hikes for Rich." Here is the opening paragraph:

Almost half the country opposes tax increases for the richest Americans, according to a poll suggesting that congressional Democrats are taking some risk by backing President Barack Obama's plan to boost levies on the wealthy.

As Jamelle Bouie points out, the converse of "nearly half" is "more than half," and 54 percent of voters support raising taxes on the highest earners, while 44 percent oppose. It might have been helpful -- even enlightening -- to phrase the headline as "More Than Half Support Tax Hikes For Rich," but then that might sound like the AP is thumbing their noses at the wealthy, and as Ayn Rand taught us, if we start doing that, the rich people will go Galt and leave us leaches to perish.

If anyone is searching for a mea culpa moment in the press, you can stop looking. The media won't point out this kind of shameless deficit hypocrisy for a couple reasons. First, beltway hill jockeys rely on access to the idiot deficit fearmongers, so they probably don't want to point out that -- ya' know -- the Bush tax cuts significantly contributed to the deficit. That might stir up some bad feelings.

Second, the media feels its role is to forever insist that both sides of the political spectrum harbor "extremists." Therefore, it is unacceptable to point out cutting checks averaging $3 million each to the richest 120,000 people in the country is not a good way to help average people. After all, one doesn't want to sound like some shrill leftist blogger.

It's much safer to take centrist Democrats' word that they're very, very concerned about the deficit and working very, very hard to save us all even as they work to ensure the deficits continues to balloon. That's what a "nonpartisan" stance in the media has become: turning a blind eye to hypocrisy because acknowledging facts has somehow become a liberal stance.

Cross-posted from allisonkilkenny.com

 

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02:49 PM on 09/20/2010
The real issue with the deficit is spending, not tax cuts. We need to bring our troops home, stop corporate bailouts, reduce the size of the federal government and cut taxes. Every dollar the federal government collects in income taxes they spend twice. So increasing taxes will only lead to more spending and bigger deficits.

It's a bit disingenuous to suggest letting tax cuts on the wealthy expire as being the same as sending them each a $3 million check. Isn't more accurate to say that the rich will each be sending in $3 million less? It did start out as their money after all.

Also, I think it is interesting to see that 46% of the people would like to see the taxes cut for the richest few percent. That means that middle and possibly low income people want to see the taxes of the rich cut. The fact that 54% want to raise taxes on the rich is only noteworthy because of how low that number is. I think that 46% know that cutting taxes is good for all people ... except big welfare progressives and big warfare neo-cons who wish to control our lives, of course.
09:50 AM on 09/20/2010
we need spending cuts. People, like our president, who clamor for new trillion dollar spending programs while talking about reducing spending or the true hypocrites.
01:04 PM on 09/19/2010
Exactly right on the money!
12:17 PM on 09/18/2010
MSM is the mouthpiece of the government, and the government is bought and paid for. Now they want to control the internet because of its ability to make them all look bad. The people are beginning to rise up and cry freedom! This is a good thing, is it not?
12:32 PM on 09/18/2010
more tinfoil hat comments...

1) net neutrality is an attempt to prevent end service suppliers from regulating access to content (both speed of data transmission and actual access)

2) MSM is supplying its clients/customers with the clients/customer's desired material. MSM tries to supply a service/product in order to make a profit...it is NOT a mouthpiece of the government. If you have an issue with MSM, please do the AMERICAN thing and switch to another supplier (vote with your dollars)

3) begining to rise up...lol...an illegal war, lies to the public, erosion of our civil rights, spying on americans, ignoring various international treaties...and nothing...but let a black man get elected who then tries to improve the health care system...then people rise up?

lol;...
02:58 PM on 09/20/2010
1. Net neutrality is an attempt to switch the regulation of net traffic from the service providers to government bureaucrats. I think it's better to leave it with the providers, because, as you mentioned in #2, we could vote with our dollars by switching providers. Once the FTC or FCC has control of it, the big corporates will manipulate the rules to their benefit and essentially lock out competition. Net neutrality, while reasonable sounding, will be another government botch job that ends up limiting access to the Internet and increasing its cost.

2. I agree. But most of them do play softball with the powers that be so they maintain access. If they don't play software (i.e. Fox) then the admin basically threatened them with exclusion. The fact that so many backed Fox, suggests the MSM are not complete lap dogs.

3. I am one of those people rising up. But I can assure you, it didn't start with Obamacare. It started with the exact out rages you mentioned. That's why I voted for Obama. But, where is the change? Rising up in 2008 got us more of the same so I am rising up again 2010 and will do it again 2012 and until this federal government finally knows it place and limits itself to its constitutional authority.
11:53 AM on 09/18/2010
"A quick fix to begin reducing the deficit would be to remove the biggest deficit-contributor, the Bush tax cuts for the wealthy."

I've got a better idea. Give the government less money and end the Fed so they can't just print it up and destroy our currency through the hidden inflation tax (which requires backing the dollar with gold/silver once again). Face it, taxation is evil. It hurts the people it is supposed to help. The tax feeders (pols) loot the population and use that money to benefit campaign contributers in order to get re-elected or to start more wars around the world. How about this idea for a free market - Let me spend my own money! I'm sure it would benefit my children.
12:34 PM on 09/18/2010
"taxation is evil"

wait..an economic policy/process as old (older) than currency represents a moral decision with a negative value?

lol...
"How about this idea for a free market "

I'm fairly sure you have little understanding of what a market is.
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FoonTheElder
Always choosing between the lesser of two evils
12:16 PM on 09/19/2010
The five highest increases in the percentage of debt to GDP since WW2 are in the last 5 Republican presidential terms. Their whole purpose has been to enact tax cuts for millionaires and to then 'starve the government beast'. Now that the deficit spending is needed, they go from "Reagan proved deficits don't matter" (Dick Cheney) to deficits are the only thing that matters.

85% of our budget deficit is due to Bush wars, Bush tax cuts, Bush recessions and Bush bailouts. The phony fiscal conservative Republican budget proposal doesn't plan on balancing the budget until the year 2063!

"Despite its continuing popularity among Republican politicians, at least a few conservative intellectuals are starting to have misgivings about STB.

For some years Bill Niskanen Cato Institute has argued that STB actually increased spending and made deficits worse. His argument is that the cost of spending is ultimately the taxes that will have to be raised to pay for it. Thus fear of future tax increases was the principal brake on spending until STB came along. By eliminating tax increases as a necessary consequence of deficits, it also reduced the implicit cost of spending. Thus, ironically, STB led to higher spending rather than lower spending as the theory posits.
http://www.forbes.com/2010/05/06/tax-cuts-republicans-starve-the-beast-columnists-bruce-bartlett.html
03:06 PM on 09/20/2010
It true. All spending is a tax increase, either now or later. When it's pushed off to later, it becomes all to easy to spend now. If the debt is monetized then the it still imposes an "inflation tax" on everyone, which of course is just as easy.

But, of course, the answer is not to raise taxes so we can "Feed the Beast". The solution is to kill the damn thing so it stops eating so much.
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Cleverboots
10:47 PM on 09/17/2010
Hmmm. Could it be? Could it be that all of the people you mention are WEALTHY like so many other
members of Congress? I wonder.
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Michael Valentine
Retired SEIU Member
12:23 AM on 09/18/2010
Well that would be self-serving and we know they are self-sacrificing public servants. (SNORT)
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Cleverboots
01:28 AM on 09/18/2010
Yeah, right!
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ExJxS
No longer responding to professional liars.
06:40 PM on 09/17/2010
A person who insists that truth is a malleable thing that can be shaped by perception is a person who suffers in light of the truth. But in this country, we treat salesmen (salespeople just doesn’t have the right connotation so forgive my apparent sexism) like they have a valuable, important skill. The ability to mislead, or slant or frame.. pick your word.. is seen as desirable and gaming the system is applauded as successful enterprise.
“Let me show you the loopholes that the rich exploit, and you too, can be rich.”
The person who says, “why don’t we close the loopholes so that everyone has a fair shot?” is ridiculed and marginalized.
“You can’t fix the system. You’re a fool to try. Smart people take advantage of the loopholes. Make your money before they pass a law.”
This is the attitude that dominates America. Rich/poor. Blue/red. The only difference is how many people we’re willing to disregard to get “ours”. I don’t know that this can be fixed.
This is why there are no journalists left in the media.
This is why a poor person will vote against healthcare and Wall Street reform. And we’re all to blame.
If you want the world to be a better place, be a better person.

..now how do I get off this damn soapbox?
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Cool Bam
06:12 PM on 09/17/2010
I found the info for these numbers over at CBPP. I thought this all sounded to easy. What I missed here (could have been my own fault) was the "Bush Tax Cut" numbers shown are just that. The numbers for ALL the cuts, not just the rich. Currently numbers (Krugman I think) are that extending the full tax cuts to everyone for 10 years comes to 3.7 Trillion. 3 Trillion for those 250k and down and 700 Billion for those above. I'll look more closely at this later, but for now I have I sick friend I have to take some soup and tissue to.
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Cool Bam
05:54 PM on 09/17/2010
It would be nice to see the actual numbers associated with the graph and where they came from.
12:02 PM on 09/18/2010
Tax, tax, tax...spend, spend, spend. If you want to change that, then end the FED! Returning the dollar to a gold/silver backed currency will stop big government in its tracks. They'll then have to raise taxes across the board to cover spending, and then they'll be voted out of office. It's political suicide to do that, so they will be conservative in their spending. another good reason for gold backing is that inflation will effectively end. You dollar will actually buy more goods next year which encourages savings. Savings means Capital Formation, Capital Formation means Investment. Investment means Jobs. Questions anyone?
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Cool Bam
01:43 PM on 09/18/2010
Was that directed at my comment somehow or was it supposed to be a general post?
03:45 PM on 09/17/2010
The deficit and the debt are the dual 'Phantom Menaces' of this election cycle. We are running a deficit in the midst of a Depression because we have the lowest marginal tax rates in 80 years. During the Clinton years, we had a budget surplus that was quickly eradicated by a Republican Tax Cut and Two Republican Wars. With a revived economy and the expiration of the tax cuts, the deficit should fade rapidly. The real current debt is about $9 Trillion which is offset by at least $5 Trillion in gold in Fort Knox. If the Federal Reserve had a single brain amongst all of its members, it could provide $4 Trillion in Quantitative Easing to cover the debt not offset by the gold bars.

This whole game of 'Shared Sacrifice' and 'Social Security Crisis' is a SHAM. The 400 wealthiest families are sitting on over $1 Trillion. It is they alone who have benefitted from the Reagan Revolution of tax cut after tax cut. It was Presdent Reagan who 'fixed?' Social Security by reducing benefits, but here we go again. It is time for the RICH to pay for their 30 years in the sun. It is time to end once and for all, the 'AUDACITY of GREED.' It is really quite simple. If we don't dramatically raise taxes on the rich right now, the Republic will die and the United States will just be another footnote in the history books about failed democracies.
12:06 PM on 09/18/2010
Jerry, our incomes are in actuality taxed by 50%. There's tax at the Federal level, the State level, and at the county and city levels. That same dollar you brought home will be taxed over and over until it's gone. The deficit is the government having military bases and wars all over the world. It is also entitlements. Look at what is happening in Greece and know that if big government doesn't stop this maddness then we are next in line.
12:51 PM on 09/18/2010
"Jerry, our incomes are in actuality taxed by 50%"

lol...ONLY in the absence of well managed income. Everyone should implement a personal tax policy and have knowledge of the various tax strategies appropriate for them. If you are actually paying that much tax, then I would blame yourself.
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lgillooly
03:37 PM on 09/17/2010
Cowards or corrupt? Not sure which these Blue Dogs are, but I do know they are just as guilty of obstructing progress and reform as the GOP.
Talk radio and Fox are controlling the debate with no accountability for the propaganda and fear they spread. Where are the supposed liberal media hiding? Besides a few shows on MSNBC I can't find any.
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LesleyAnne
04:09 PM on 09/17/2010
Obama is pushing back, let's hope he keeps it up and stands firm on this.
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TheBaffler
a long the riverrun
11:11 PM on 09/17/2010
Hilarious.
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robbcoffee
03:12 PM on 09/17/2010
What do you expect? The Tea Party has been allowed to frame the current debate.
They voice concern about the deficit while their entire agenda (what agenda there is) is based around reducing taxes on everyone.
They also voice concern about the big middle class entitlements (not the ones for the poor) and the military.

Blue Dogs are doing what Democrats do best: accept a conservative-created frame and either concede or argue in vain from the inside of the box.
12:14 PM on 09/18/2010
Face it robbcoffee, government has betrayed all of us. Everything they touch turns to crap. Security, liberty, safety, freedom to say what you believe, why heck, they are reading your damn emails. They have nudiscanners at the airports and courthouses, they also have neo-nazis running them. They spy on you, and they can rendition you for torture in another country. They can even assasinate you if you travel abroad. They call our veterans possible terrorists. The Tea Party is saying DON'T TRUST THEM! I think they are right and this needs some serious debate and then some serious changes in government.
07:48 PM on 09/19/2010
Very true I agree completely. I have to balance my budget. Man it would be great if I needed a little more to just say give me more and there it was like the gvmt does with taxes.