What Will Be Done About the Debt? Nothing

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The national debt is like the weather. Everybody talks about it, but nobody does anything about it. Nobody who CAN do something about it, that is. Reactions to President Obama’s proposed $3.83 trillion budget, which is projected to add $8.5 trillion to the debt over the next decade, prove that point, and can be summed up in a few words in this McClatchy article:

“Complicating the debt reduction picture is the desire by members of both parties to preserve what they see as important local programs, as well as to give themselves something to boast about in this election year.

A few examples:

“There really isn’t anything in this budget which I can take home or talk about in favorable terms with respect to coal when I want to.” said Sen. Jay Rockefeller, D-W.Va.”

“Sen. Patty Murray, D-Wash., criticized Army Corps of Engineers funding. The Howard Hanson dam has been getting weaker and may not be able to control flooding in the Green River Valley, south of Seattle, she said.”

“Sen. Bernard Sanders, a Vermont independent..wanted the president’s proposed three-year freeze on non-defense discretionary spending to be extended to the Pentagon..[White House Budget Director Peter] Orszag said that wouldn’t be practical; Sen. Mark Warner, D-Va., agreed…”Because the nation is at war, we need to have more flexibility,” Warner said.”

One would think that a defense budget equal to the rest of the world’s military spending combined might have room for cuts somewhere. I guess one would be wrong.

OK, no defense cuts. What about entitlements?

“Orszag, who showed no emotion during his testimony, calmly said that Obama had a long-term plan to reduce the deficits, notably an as-yet un-appointed bipartisan commission to recommend remedies…Any commission recommendations also would have to be approved by Congress, where expected recommendations to cut the future costs of popular programs such as Social Security and Medicare and to raise taxes would face stiff resistance…There’s also no assurance that Congress will agree to a commission that has clout.”

So let’s review. Everybody in D.C. wants to reduce the debt and cut spending, but:

They won’t cut Defense.
They won’t cut entitlements.
They can’t stop paying interest on the debt.
They won’t cut any discretionary spending because it’s all somebody’s pet project or program.
They won’t raise taxes.

That leaves…….NOTHING.

Another Round of AIG Bonuses

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Under the word “chutzpah” in the dictionary, it should say “also see AIG.

“American International Group plans Wednesday to pay another round of employee bonuses, worth about $100 million, said several people familiar with the matter, a year after similar payments at the bailed-out insurance giant infuriated many Americans and inflamed Washington.”

Yes, Washington was “inflamed.” And they did what? Bluster, as usual.

“This week’s retention payments go to those employees at the company’s Financial Products division who agreed recently to accept 10 to 20 percent less money than AIG had initially promised them two years ago.”

How very generous of them. Especially taking into account that the Financial Products division is the “unit which traded in the derivatives that imploded in September 2008, leading to the biggest government bailout in history.” That would be the implosion that left the taxpayers on the hook for over $180 billion. These are the people AIG needs to retain? They don’t need to be re-tained, in fact some of them should be de-tained. Like in the crossbar hotel.

It gets better:

“The agreement calls for employees who still work for the financial products unit to accept 10 percent cutbacks, while employees who have left the company must take 20 percent cuts…But some people have not agreed to the cutbacks and are insisting on the entire amounts. People with knowledge of the negotiations said that a vast majority of those still employed at A.I.G. had accepted the cuts, but only about a third of the former employees had done so.”

Some are even going to court:

“Andrew Goodstadt, a New York lawyer who represents more than a dozen current and former Financial Products employees, said he hoped the deal would be a step toward normalcy. “My clients are looking forward to getting paid their contractual entitlements,” he said, “and resolving this matter once and for all.”

Yes Mr. Goodstadt, your honorable clients who just want AIG to make good on its agreement with them. How about what they agreed to do after the last round of obscene  bonuses hit the fan:

“At the height of the controversy last spring, employees at the firm signaled they would return a total of $45 million by the end of 2009. A government audit in the fall showed that only about $19 million was returned.”

So by my calculations counselor, your clients still owe us $26 million. Cash only please, no checks.

Intelligence Officials Warn of “Certain” Terrorist Attacks

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I’m no defender of George W. Bush, but I’m even less of a defender of the double standard. And let’s be honest, if Bush’s C.I.A. director and members of his administration said this 9 months out from an election, cries of “fearmongering” and “trying to influence the election” would be going up from the Democrats:

“The nation’s top intelligence officials warned Congress on Tuesday that terrorists are “certain” to attempt another attack on the U.S. within the coming months…CIA Director Leon Panetta said the foremost risk was of another al Qaeda attack using recruits that have relatively low or “clean” profiles that are hard to detect.

Panetta’s warning came at the Senate Intelligence Committee’s annual threat assessment hearing…It was echoed by Blair, FBI Director Robert Mueller, acting U.S. Assistant Secretary of State for the Bureau of Intelligence and Research John Dinger, and the director of the Defense Intelligence Agency Lt. Gen. Ronald L. Burgess, Jr.

While no one referenced specific plots against the U.S., all of the officials agreed with Blair that they were “certain” another attempt would be made in the next three to six months.”

Our System of Justice Works–If We Let It

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Despite this bi-partisan group of senators with their moistened fingers in the air during an election year, our system of justice works, if we just let it:

“Umar Farouk Abdulmutallab the Nigerian man accused of trying to blow up a jetliner bound for Detroit on Dec. 25, started talking to investigators after two of his family members arrived in the United States and helped earn his cooperation, a senior administration official said Tuesday evening.

…[F.B.I.] agents and the two family members flew back to the United States on Jan. 17. They met with the F.B.I. to discuss a way forward. After meeting with Mr. Abdulmutallab for several days, the official said, the family members persuaded him to talk to investigators.

Mr. Abdulmutallab, 23, began speaking to F.B.I. agents last week in Detroit and has not stopped, two government officials said. The officials declined to disclose what information was obtained from him, but said it was aiding in the investigation of the attempted terrorist attack.

“With the family, the F.B.I. approached the suspect,” the senior administration official said, speaking to reporters at the White House on the condition of anonymity because of the pending legal case. “He has been cooperating for days.”

Note the key phrases; “earned his cooperation,” not tortured him until he talked. “Approached the suspect,” not made him fear for his life. “Persuaded him to talk to investigators,” again, no “enhanced interrogation techniques” required. And what do you know, it was all done with Abdulmutallab’s lawyer present.

Score one for the rule of law and the American criminal justice system.

Democrats Schmoozing the “Fat Cats” They Despise (Allegedly)

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The hypocrisy never stops. Senator Robert Menendez (D-NJ) in a press release last Wednesday following President Obama’s State of the Union address:

“In the upcoming elections, voters will face a choice between Republicans who are standing with Wall Street fat cats, bankers and insurance companies – or Democrats who are working hard to clean up the mess we inherited by putting the people’s interests ahead of the special interests.”

From Politico yesterday:

“Twelve Democratic Senators spent last weekend in Miami Beach raising money from top lobbyists for oil, drug, and other corporate interests that they often decry, according to a guest list for the event obtained by POLITICO.

Across the table was a who’s who of 108 senior Washington lobbyists, including the top lobbying officials for many of the industries Democrats regularly attack: Represented were the American Bankers Association, the tobacco company Altria, the oil company Marathon, several drug manufacturers, the defense contractor Lockheed, and most of the large independent lobbying firms.”

The guest list for the Democratic Senatorial Campaign Committee’s “winter retreat” at the Ritz Carlton South Beach Resort doesn’t include the price tag for attendance, but the maximum contribution to the committee, typical for such events, is $30,000. There, to participate in “informal conversations” and other meetings Saturday, were senators including DSCC Chairman Robert Menendez; Michigan’s Carl Levin and Debbie Stabenow; Bob Casey of Pennsylvania; Claire McCaskill of Missouri; freshmen Kay Hagan of North Carolina and Mark Begich of Alaska; and even left-leaning Bernie Sanders of Vermont.

Nice job, Bob. I’ll sleep better at night  knowing you’re looking out for the “people’s interests” and sticking it to those “fat cats.”

The "Gang of Eight" on the Senate Banking Committee

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Since the “Gang of Six” in the Senate Finance Committee worked out so well, and produced such outstanding results (sarc) in writing health care reform legislation, why not just repeat the process in the Senate Banking Committee as they tackle reforming the financial industry? More openness and transparency from our elected officials in Washington:

“For two months, four pairs of Senate Banking Committee members — each with one Democrat and one Republican — have been meeting behind closed doors to reach a bipartisan compromise on regulatory reform.”

Here are the 8 senators involved, along with the amounts each has taken from financial industry PACs:

Chris Dodd, (D-CT) $3,124,237
Richard Shelby (R-AL) $2,171,369
Mark Warner (D-VA) $330,800
Bob Corker (R-TN) $426,750
Jack Reed (D-RI) $1,554,449
Judd Gregg (R-NH) $709,941
Chuck Schumer (D-NY) $1,629,295
Micheal Crapo (R-ID) $1,237,955

That’s a grand total of $11,184,796. And these are the people who are going to reform the financial system? That’ll be the day. But as good as things are for this new “Gang of Eight.” they’re about to get better:

“…the president’s new proposals have already provoked a sharp increase in the volume and energy of the lobbying on regulatory reform, with more chief executives stepping over their government relations staff to request personal meetings with lawmakers. The big banks, the lobbyists say, have become increasingly alarmed that the legislative process may move in unexpected directions outside their control.”

Well, we certainly have to put a stop to that. Can’t have anything going on that the banksters can’t “control,” can we? Speaking of banksters:

“...Jamie Dimon, chief executive of JPMorgan Chase had lunch with Mr. Obama last Tuesday, and then met separately on Friday with the Federal Reserve chairman Ben Bernanke and the Treasury secretary, Timothy Geithner.”

No doubt to discuss who they like in Sunday’s Super Bowl.

Continuing the Bush / Cheney "War on Terror" Policies

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As someone who voted for Barack Obama in 2008,  I’ve been disappointed in many of the actions of the Obama administration. None more so than their continuation of the Bush/Cheney policies of dealing with those accused of terrorist activities. I expected much better from a president who professed to be something of a Constitutional scholar, and the administration bowing to pressure over the weekend from those who are against trying Khalid Sheikh Mohammed and 4 others in New York City has only renewed that disappointment.

It also didn’t help that, in a Newsweek article on Friday, the Obama Justice Department has, what Newsweek called “downgraded” but a better term would be “whitewashed,” a Bush DOJ recommendation that Jay Bybee and John Yoo should be investigated for committing ethical violations in connection with authoring the 2002 torture memos. The Obama DOJ now calls their actions simply “poor judgment.”

In light of that, Glenn Greenwald has an excellent piece in Salon which is a must-read for anyone who shares my concerns, and which compares the Bush/Cheney policies with those of the current administration. The sad fact being that there isn’t much difference. Greenwald writes:

“From indefinite detention and renditions to denial of habeas rights, from military commissions and secrecy obsessions to state secrets abuses, many of the defining Bush/Cheney policies continue unabated under its successor administration.

...it’s now crystal clear that the country, especially its ruling elite, is either too petrified of Terrorism and/or too enamored of the powers which that fear enables to accept any real changes from the policies that were supposedly such a profound violation “of our values.”  One can only marvel at the consensus outrage generated by the mere notion that we charge people with crimes and give them trials if we want to lock them in a cage for life. Indeed, what was once the most basic and defining American principle — the State must charge someone with a crime and give them a fair trial in order to imprison them — has been magically transformed into Leftist extremism.”

…there is clearly a bipartisan and institutional craving for a revival (more accurately:  ongoing preservation)  of the core premise of Bush/Cheney radicalism:  that because we’re “at war” with Terrorists, our standard precepts of justice and due process do not apply and, indeed, must be violated.

That “Leftist extremism” would by today’s standards include that noted leftist, Ronald Reagan, whose policy on dealing with terrorists, as stated by L. Paul Bremer, the top Reagan State Department official in charge of  Terrorism policies, was this:

“Another important measure we have developed in our overall strategy is applying the rule of law to terrorists. Terrorists are criminals. They commit criminal actions like murder, kidnapping, and arson, and countries have laws to punish criminals. So a major element of our strategy has been to delegitimize terrorists, to get society to see them for what they are — criminals — and to use democracy’s most potent tool, the rule of law against them.”

Greenwald also has the just-released policy of another country in dealing with al-Qaeda, along with some quotes from that country’s leader. See who this sounds like:

“_____ will hold up to 300 al Qaeda members in jail indefinitely after they have completed their prison terms to stop them staging fresh attacks.

“These people are heretics. They are followers of (Osama) Bin Laden and Ayman al-Zawahri. They killed a number of civilians and police…It is a necessity to keep them in prison. They are very dangerous as they are ready to resume killing people in our streets here or travel…elsewhere to stage attacks…These people constitute a danger even when the court had pronounced its verdict. Security authorities are the ones who are responsible for this matter to say whether they are dangerous or not. The court verdict is void of reason in such cases.”

The country is Libya. The speaker is Muammar Gaddafi.

Department of Justice "Reviewing Request" to Investigate BCS

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It’s nice to see that the Obama Department of Obstruction of Justice has its priorities straight. Investigate Bush administration officials for violations of the Geneva Conventions and the Convention Against Torture? Nah, gotta look forward, not back. How about at least going after the authors of the torture memos in the Bush DOJ? Nope, they just used “poor judgment,” nothing worth pursuing there. How about allegations that detainees at Guantanamo may have been murdered, which was then allegedly covered-up by those in charge who reported it as suicide? Nothing to see there either, move along.

But investigate the Bowl Championship Series? Yeah, buddy. Now we’ve got something of substance that we can sink our teeth into, something REALLY important:

“The Obama administration is considering several steps that would review the legality of the controversial Bowl Championship Series, the Justice Department said in a letter Friday to a senator who had asked for an antitrust review.

…Weich made note of the fact that President Barack Obama, before he was sworn in, had stated his preference for a playoff system. In 2008, Obama said he was going to “to throw my weight around a little bit” to nudge college football toward a playoff system, a point that Hatch stressed when he urged Obama last fall to ask the department to investigate the BCS.”

In the letter to Sen. Orrin Hatch, obtained by The Associated Press, Assistant Attorney General Ronald Weich wrote that the Justice Department is reviewing Hatch’s request and other materials to determine whether to open an investigation into whether the BCS violates antitrust laws.

Well, that would bring the number of campaign promises kept to…….one.

Karzai: Another 10 to 15 Years Should Do It

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Speaking of a state of perpetual war:

“LONDON – Afghan President Hamid Karzai warned yesterday that foreign troops must stay in his country for another decade, as world powers agreed on an exit map including a plan to persuade Taliban fighters to disarm in exchange for jobs and homes

“With regard to training and equipping the Afghan security forces, five to 10 years will be enough,” Karzai said. “With regard to sustaining them until Afghanistan is financially able to provide for our forces, the time will be extended to 10 to 15 years.”

…The conference was called to help the United States and its allies find a way out of the grinding Afghan war amid rising U.S. and NATO casualties and falling public support. NATO has agreed to accelerate the training of Afghan security forces and gradually transfer more combat responsibility to them.

Actually, Karzai is being very optimistic. The real time frame as to when “Afghanistan is financially able to provide” for their own forces is a bit longer. Like NEVER. The cost of maintaining the Afghan security forces at the levels being proposed by General McChrystal and the Obama administration is approximately $2 to $3 billion a year. This in a country whose entire annual budget is $600 million, and where the gross national product is the size of Boise Idaho’s.

In other words, it’s never gonna happen.