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‘Left, Right & Center’: Two Ways of Looking at the Debt

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Posted on Apr 15, 2011
Left, Right & Center
kcrw.com

President Obama announced a plan to reduce federal deficits by $4 trillion over 12 years. The Republican plan calls for a reduction of $4.4 trillion over 10 years. Of course the approaches are quite different, and they are compared and contrasted on this week’s edition of “Left, Right & Center.” Also: Barry Bonds and the politics of sports. Mary Matalin is once again this week’s special guest.  —KA

KCRW:

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By Mark A. Goldman, April 21, 2011 at 11:02 am Link to this comment
(Unregistered commenter)

What You Need To Save Your Ass
http://www.gpln.com/tosaveyourass.htm

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By SteveL, April 19, 2011 at 12:11 am Link to this comment

Mary Matalin was in the last Bush administration; Tony was in the Reagan
administration.  The two administrations that ran up most of the debt.  Bush
took office with a surplus projected at ending the debt after another ten
years.  Bush lowered taxes and pulled the deception of fighting two wars “off
the books”.  Now they want Social Security Insurance and Medicare recipients to
pay for the tax breaks given to the wealthy. If the debt bothers Tony and Mary
so much they need to talk to their former bosses.

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skmacksk's avatar

By skmacksk, April 17, 2011 at 7:42 pm Link to this comment

Robert,
Thank you for raising your voice to the bankrupt voices of Conservatism, of New Democrats and of Neo-Liberals. Austerity is the new war cry of The Free Marketeers, now remaking themselves into the new Financial Watchdogs,flush from robbing blind their fellow country men and women.And the attack on Keynes and his policies of economic reconstruction are so much political propaganda: the rationale for dismantling the New Deal and its successes. A pernicious variant of Political Romanticism is alive and well in American Politics and it is the central animating idea of the Republican Party and the New Democrats.

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By bruce, April 17, 2011 at 3:28 pm Link to this comment
(Unregistered commenter)

congrats to robert scheer for being one of the few sane
people to appear in the media anywhere.

sadly the right wingers just regurgitate their talking
points that seem to have the weigh of wisdom by power of
sheer repetition.

what strikes me as obscene is the notion that we can
approach teaching with the corporate attitude of
demanding results and firing all those who fail to meet
goals. we’ll get the same level of corruption and gaming
the system that we see in the corporate world.

its sad, that for all this talk of “a crisis” very few
people allowed into the debate mention the enormous
burden of the iraq and afghan wars, 9 billion a month!

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By Cliff Carson, April 17, 2011 at 10:18 am Link to this comment

The Scam is on and the common people will continue to divide themselves into two main political parties in order to bash and blame the other.

Meanwhile the the destruction of the American dream continues. 

Just look at what is being proposed as the solution to the debt and deficits:

The Republicans are calling for a dismantling of the only Government Programs that pay for themselves and at the same time advocating the giving of more Taxpayer dollars to the Richest and most powerful on the American scene.  And the Republican faithful are praising this malfeasance as if it was the second coming of Jesus Christ. 

The real cause for the Debt and deficits are almost never heard about:  Wars of choice and the Greed of the Financial Cabal.

When the Media point out that Social Security, Medicare, and Medicaid are almost 40% of what the Government spends yearly, they just never get around to mentioning that Social Security and Medicare wage earners and retirees pay more than the yearly cost of these programs.  Therefore these programs, slammed so hard by the Republican Party, actually pay their way and then some.  Yet the Republican party wants to reduce the pay-out and up the money collected from you and me.

Already the Government has stolen from the taxpayers accounts $6.4 Trillion of the money collected for these programs and used it on Wars and such.  That money alone accounts for around 40% of the debt.  Add in the money wasted on those un-necessary wars , over $ 3 Trillion, and you would realize that the debt is 60% made up by the theft of the “Entitlement” funds and wars of choice.  Yet you have to admit you never hear about this in all the thousands of Media events discussing the debt and deficits.

The hue and cry about raising the Debt ceiling begs the question - How many times was the debt ceiling raised when the Republicans were in control during the Bush years?  The answer will shock you.  How much did the Debt increase under Bush? It doubled.  When Obama came into office the Debt had grown from $5.4 Trillion to $11.6 trillion during the Republican run.  And the last Bush budget had a $1.4 Trillion deficit to add to the debt that Obama was inheriting.

So when you complain about the National Debt and deficits, take a look in the mirror and see who is to blame.

You and I need to let the Republican Party and Congress know that the stealing of the American Dream by the Political Parties is over.

Since the Republican Party is the driver of this current robbery we need to send the message “If this robbery of the taxpayer becomes law, the Republican Party will never again get my vote for anything - ever.  Once you say this you need to have the backbone to back it up - forever.

To remain relevant, a political party needs your vote, what you need to do is demand to the Party that to get your vote, they must respond to your wishes, it is as simple as that.

The key is that you must back up what you say or they will continue to ignore you.

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By Bobi6, April 16, 2011 at 2:43 pm Link to this comment
(Unregistered commenter)

The right wing participants in this Left, Right and Center were appalling.
Evidently the quality of life is not even considered in their calculations. The
plight of the American people is not even mentioned and nor was raising taxes
on the rich mentioned. Bob Scheer is the only human being on this panel.

The cold, cruel assessment they made while ignoring any human factors was
startling. Even Reagan raised taxes when he realized the mistakes he was
making.

And that laughable comment of Obama further dividing the nation was just plain
silly. Guess he can’t stand when Obama displays a little backbone. This coming
from someone backing Paul Ryan’s plan - a plan so full of math mistakes and
miscalculations and carelessness. And tax cuts to 25% for the uber rich and
more cuts for corporations. What?? The corps already pay no taxes. Does this
mean we will have to start sending our taxes to the corporations. We already do
with their corporate welfare. The Ryan plan adds up to $2.1 trillion in tax cuts
for the rich and corporations. And you consider that serious? It will actually add
trillions to the deficit. And you consider that fiscally sane? Whew? The hypocrisy
is stunning even for Washington.

So Obama came on too strong for you but suspect you loved Dick Cheney.
Obama came on a bit stronger than he usually does because Ryan’s plan is not
in the least serious, not in the least helpful. It just frightens millions of
Americans and that is a bad tactic. People who have always claimed not to be
political and ready to march on Washington, commit civil disobedience - a good
thing - because for millions of us Ryan’s plan means death to us. And those
panel members expected us to thank this right wing Teabagger. You people are
so out of touch with the American people except for Bob you should all be
thrown out of your media jobs. You are so busy misinforming the public it
should be a crime. Lies, misstatements, poor or no research is their daily MO.
Journalism used to be an honored profession. Now it is not even a profession
among these liars. Mary Matlin especially. She can talk without telling a lie. But
then that is accepted as okay at FOX and most corporate media. Now the media
is rated down there with politicians and lawyers. Nice company for you guys.
They cover for politicians wrong doings, lies and talking points based on lies.

This is the first time of listening to LR&C that I actually got angry. Usually can
see the posturing is just part of the game. But this panel was MEAN. Down and
dirty cruel and dangerous to the people.

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By Wounded and Dangerous, April 16, 2011 at 9:57 am Link to this comment

I think the US is big enough, and has the right amount of people and money to be a great nation.

So, why are we talking about a nation that is not presently a great nation?  What went wrong?

I didn’t hear enough talk about globalization, and war and why the money of the nation is tied up in the hands of the most successful and why it is not being distributed among the people and making the economy work.

Again, what went wrong and who is at fault? Where did this horrendous debt come from and why do the unnecessary and largely illegal wars continue?  Well, of course the answer is the bankers and those corporations who profit from such things. The little people get nothing from these wars except more taxes and more debt. Why do the needs of the population and their social entitlements even have to compete with the likes of war?  Isn’t it a no brainer that people should come first before the capitalist and his desire to make money from war?  What happened to basic, common morality and even common sense?

Maybe it is just too many people with a lot of money that are making things go bad for everybody else. Maybe money and money’s influence on political decision making needs to be looked at and how negatively it affects the makeup and condition of the nation. What ever happened to the rule of law and the will of the people? Remember the people - the people that actually are supposed to be controlling the flow of events via their rights as citizens? Remember when the Democrats were supposed to impeach Bush for his wars but didn’t?  Remember when Obama was elected to stop the wars and bring the troops home but didn’t?  And, against the will of the people he even expanded these wars and their influence upon the American population.

Don’t you just wonder a tiny little bit about the things that are supposed to be happening, but just aren’t happening, and why everything continues to go backward when everything should be going foreward? Can we not blame globalization, the power of money and those who control it? If the little people have no apparent power then who or what else are you going to blame, if blame is your method of doing business, that is?

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By SteveL, April 16, 2011 at 12:19 am Link to this comment

As of today 4-15-11 the Bloomberg web site posts that 10-year U.S. treasury
notes are yielding 3.41%, 30-year bonds yielding 4.47%.  The financial world
would never let a country “going broke” to sell long term securities with this low
of interest rate.  The U.S. is not going broke, not even close.

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