Posts Tagged ‘deficit

19
May
13

Rise and Shine

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Alex Sietz-Wald: This week, MSNBC host Joe Scarborough joined the chorus of those decrying the IRS for targeting Tea Party groups for extra scrutiny in applying for nonprofit status. “You can’t allow the government to tread on political speech,” Scarborough said. “The Internal Revenue Service — the taxman — to go after their political beliefs. … I can’t imagine much worse than this,” he added.

Targeting nonprofit groups because of their political beliefs is wrong — pretty much everyone agrees on that. So today’s Scarborough must be outraged by his 2003 self, which gave this monologue on his show “Scarborough Country” on July 13, 2003:

The leader of the NAACP bashes President Bush and the Republican Party. Why is this clearly partisan group still being funded by your tax dollars? [...]

[T]he NAACP continues to get a free ride off of taxpayers because of the tax-exempt status that’s conferred to them by our federal government, now, this despite the fact the NAACP produced and ran the most vicious campaign attack ad in the history of televised presidential campaign. [...]

More here

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Rick Ungar: Over the first four years of the Obama presidency, the deficit shrunk by a total of $300 billion dollars. That is not the national debt- it is the amount of money we spend each year relative to the amount we take in. According to the latest CBO report,

“Compared to the size of the economy, the deficit in 2013 is much lower than in 2009, when Obama took office. The deficit will be 5.3 percent of gross domestic product this year, nearly half the 10.1 percent of GDP in 2009.”

The improvement in the deficit as measured against GDP is the direct result of the deficit falling to $845 billion for fiscal year 2013—a $300 billion improvement over the previous year. And the positive trend is projected to continue though the next fiscal year where the the annual budgetary deficit will fall again to $430 billion.

More here

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Five Takeaways From The CBO’s Analysis Of Obama’s Budget

Dylan Matthews: For the most part, the description of President Obama’s budget found in the Congressional Budget Office’s analysis of it jibes with the description included in the initial budget release. But the CBO analysis does highlight some interesting features of the proposal. Here are a few.

More here

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30
Apr
13

Rise and Shine

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Today:

10:15: President Obama holds a press conference

11:45: The President, the Vice President, the First Lady and Dr Jill Biden make a significant employment announcement for veterans and military spouses

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MarketWatch: In another sign of an improving deficit picture, the Treasury on Monday said it expects to pay off debt in the current quarter for the first time in six years.

In a statement, Treasury said it now expects to pay off $35 billion of debt in the April-to-June quarter, compared to an earlier projection, given in February, that it would have to borrow $103 billion.

This will be the first quarter that Treasury has paid off debt since April-to-June period 2007.

More here

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ThinkProgress: Over the last several days, the Syrian crisis has exploded back into the news. As the U.S. debates how to respond to the now two-year long struggle, here’s the what you need to know….

See here

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27
Mar
13

Rise and Shine

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How Obama changed the gay marriage debate

Perry Bacon: While polls differ on the exact level of black support for gay marriage, almost half of African-Americans in Maryland backed a provision allowing gay marriages there last fall, and opposition to gay marriage has dipped below 50 percent among blacks nationally, according to the Pew Research Center. And Obama’s statement made it easier for influential African-American organizations, such as the NAACP, also to voice their support for gay marriage, as well as professional athletes, even if some influential pastors in many black communities still opposed it.

Obama’s words also caused a profound shift among his fellow politicians. It had always been expected Obama would declare his support for gay marriage, but in 2013 or 2014, after he had won re-election by focusing on other issues. Instead, the president illustrated backing gay marriage was not politically risky, declaring his support for gay unions and then winning not just in liberal states like California and New York but in Ohio, Virginia, Florida and other places with sizable blocs of conservatives and religious voters who some thought would turn out in droves to defeat a candidate who supported gay marriage.

Obama did not tout himself as the civil rights candidate in either of his two presidential runs. But if gay marriage becomes commonplace throughout America by the end of his second term, something that seems entirely possible right now, that could become an important part of his legacy as president.

Read more here

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Have the Politics of Gun Control Changed?

Jamelle Bouie: Indeed, it’s tempting to argue—as Chris Cillizza does—that national outrage notwithstanding, the Sandy Hook massacre has done little to change the political landscape on gun control.

This, to me, is the wrong way to think of the issue. The shift from a political climate that could tolerate gun control to one that couldn’t took more than a decade. Even with the tragedies at Newtown, Aurora, and other places across the country, it’s unreasonable to expect the pendulum to swing back at a more rapid pace. What’s key about Sandy Hook isn’t that it yields new legislation, it’s that it inspires new activism around gun control, and provides energy for the long effort to build a political coalition unafraid of the cultural politics that surround guns.

Sandy Hook—helped along by a new Democratic majority of urbanites and nonwhites—has changed the politics of gun control. It will just take awhile for us to see the effects.

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How To Prove Obama LOWERED The Deficit In Four Easy And Indisputable Steps

Addicting Info: The GOP, Fox News and AM Hate Radio regularly complain that Obama has raised the deficit. This is a lie. A very VERY big lie. It’s such a big lie and so easy to prove as a big lie that the fact 90% of the country thinks it’s true is one the greatest failures of the “liberal” media since they couldn’t be bothered to vet the Iraq War. The problem is that conservatives don’t want to know, independents can’t be bothered to look and liberals should be deeply ashamed for not knowing.

But worry not! It’s very VERY easy to clear up this misperception (and piss off conservatives to boot!) in just 4 simple steps.

Read more here

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How Getting Rid Of The Defense Of Marriage Act Will Boost The Economy

ThinkProgress: The Supreme Court will today hear oral arguments in the case against the Defense of Marriage Act, the 1996 law that denies equal federal benefits to couples who are legally married under state law and also burdens families and the federal government.

The Congressional Budget Office estimates that DOMA increases the deficit by roughly $1 billion a year, and while that amount is small, striking it down would save far more than ending subsidies to NPR or some of the other “deficit reduction” ideas Republicans have pursued in the past.

Read more here

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Today in egg on face derp news from Chris Cillizza. He’s shocked that people still really really really like President Obama. :roll:

People (still) really like President Obama

Chris Cillizza: Nearly six in ten Americans have a favorable impression of President Obama in a new Washington Post-ABC News poll, numbers that suggest that even as the chief executive engages in a series of thorny policy fights his personal appeal remains strongly intact.

Fifty-seven percent of people view Obama favorably in the new Post-ABC survey while 41 percent regard him unfavorably. Those numbers are remarkably similar to the 60 percent favorable/37 percent unfavorable ratings for Obama in Post-ABC polling conducted in late January — just weeks after the president had been inaugurated for a second term.

Read more here

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As Chipsticks would say: MoooOOOOOOOOoooorning!

06
Feb
13

Rise and Shine

Three years ago today – Pete Souza: “Another snowstorm blanketed Washington for the second time in a few days. Because it was a Saturday, I hung around the White House thinking that the President might venture out in the snow with his daughters. Here they are playing in the Rose Garden in the midst of the storm.” Feb. 6, 2010

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Today:

9:50: President Obama departs the White House

10:10: Arrives in Annapolis, Md.

10:30: Attends the Senate Democratic Issues Conference

11:30: Jay Carney briefs the press

12:25: President Obama departs Annapolis

12:45: Arrives at the White House

2:0 Will announce nomination of Sally Jewell to head the Interior Department

4:0: Secretary of State John Kerry is ceremonially sworn in by Vice President Biden in Washington

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Washington Post: President Obama on Wednesday will nominate Recreational Equipment (REI) chief executive Sally Jewell to head the Interior Department….

The choice of Jewell, who began her career as an engineer for Mobil Oil and worked as a commercial banker before heading a nearly $2 billion outdoors equipment company, represents an unconventional choice for a post usually reserved for career politicians from the West.

But while she boasts less public policy experience than other candidates who had been under consideration, Jewell, who will have to be confirmed by the Senate, has earned national recognition for her management skills and support for outdoor recreation and habitat conservation.

More here

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ThinkProgress: Endorsements from the National Rifle Association might be doing political candidates more harm than good, according to a new poll from Public Policy Polling.

In a national survey, 39 percent of voters said that they are less likely to vote for a politician whose candidacy has garnered NRA backing. Only 26 percent believe they’re more likely to support such a candidate.

But more importantly, the number of independent voters are far less likely to see the NRA nod as a good thing: 41 percent say they’re inclined not to support a candidate who’s backed by the NRA…..

More here

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USA Today: President Obama will visit Israel this spring, though specific dates haven’t been nailed down.

White House spokesman Jay Carney said Obama discussed the visit in a Jan. 28 phone call with newly re-elected Israeli Prime Minister Benjamin Netanyahu.

As part of the trip, Obama will also travel to the West Bank and Jordan.

More here

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Reuters: Home Depot Inc said it will hire 10,000 additional seasonal workers for its key spring selling season as it sees higher sales growth during the period.

The home-improvement retailer said it will hire 80,000 seasonal workers this year, 14 percent more than it hired last year.

More here

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Steve Benen – see here

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NYT: The flaws in the American election system are deep and widespread, extending beyond isolated voting issues in a few locations and flaring up in states rich and poor, according to a major new study from the Pew Charitable Trusts.

The group ranked all 50 states based on more than 15 criteria, including wait times, lost votes and problems with absentee and provisional ballots, and the order often confounds the conventional wisdom.

In 2010, for instance, Mississippi ranked last over all. But it was preceded by two surprises: New York and California.

More here

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ThinkProgress: During the November 2012 election, Black and Hispanic voters waited nearly twice as long to vote as whites, according to a Massachusetts Institute of Technology analysis. New York Times graphs summarizing the analysis show that white voters waited an average of 12.7 minutes, while Black and Hispanic voters waited an average of 20.2 minutes

More here

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TPM: When President Obama won in November the electorate also rendered a verdict on the priorities of the two major political parties. Democrats, most voters believe, are more concerned with the plight of the middle class than Republicans, who ran on a platform of actually lowering income taxes on wealthy Americans.

In the intervening months, Republican operatives have become practitioners of a new kind of alchemy, attempting with little success to convince voters that the right’s long-standing agenda is actually an array of policies that coincidentally meets the needs of the middle class.

Enter House Majority Leader Eric Cantor, who’s hit upon a new plan. If you can’t turn lead into gold, go out and buy some gold paint.

More here

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Thank you LovelyPlains!

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NYT: Essie Mae Washington-Williams, who lived for decades with a stunning secret — that she was the interracial daughter of Senator Strom Thurmond of South Carolina, a former segregationist who never acknowledged her publicly as his child — died Monday in a nursing home near Columbia, S.C. She was 87.

Strom Thurmond never publicly acknowledged that he was Ms. Washington-Williams’s father.

Six months after her father died at age 100 as the longest-serving senator in history, Ms. Washington-Williams broke her silence.

“My father’s name was James Strom Thurmond,” she said at a news conference in a hotel ballroom in Columbia on Dec. 17, 2003

More here

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I hooted, in a loud snorty kind of way:

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And now that Dick Morris is leaving Fox, it’s a good time to recall what a brilliant political-predicting-pundit he was:

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MooOOOOooOOOOooorning!

26
Nov
12

Rise and Shine

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Matthew Yglesias: Obama’s 2010 Lame Duck Tax Deal Was a Triumph, Not A Sellout …. David Corn has an interesting piece (see below) pushing back on the myth of the Obama cave-in, but I’d go further – the deal was a triumph …

….. Obama secured a deal that extended the middle class tax cuts, extended UI benefits, created a stimulative payroll tax holiday, cleared the legislative decks for Don’t Ask Don’t Tell repeal and the passage of the New START arms control treated, and in exchange he gave up nothing of any real substance ….  now he gets to play that leverage from a somewhat stronger economic and political context. It’s totally solid legislative dealmaking, and not any kind of cave-in or surrender.

Full post here

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David Corn (Mother Jones):  ….. Obama didn’t wave the white flag in 2010. He turned a face-off over the Bush tax cuts into an opportunity to enact a second stimulus that he otherwise could not get past Senate Republicans. His failure at that time was not that he mustered insufficient mettle; he failed to convey to the world that he had ju-jitsued the GOPers.

….  no one ought to forget that Obama, a progressive in his policy preferences, remains a pragmatist. What happened two years ago is not an indication that Obama is likely to yield in the new face-off, but that he will be assessing the political dynamics in gridlocked Washington and be willing to bargain hard for a good deal with true benefits. That’s not caving in. It’s governing.

Full post here

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NYT: When Tea Party activists swamped town hall-style meetings about health care in the summer of 2009, President Obama’s army of campaign volunteers largely stayed away ….. now, Mr. Obama is seizing a second chance to keep his election-year supporters animated.

With lawmakers scheduled to return to work on Monday to begin intense discussions before a looming fiscal deadline, Mr. Obama’s aides are trying to harness the passions that returned him to the White House, hoping to pressure Republicans in Congress to accept tax increases on the wealthy. The president’s strategists are turning first to the millions of e-mail addresses assembled by the campaign and the White House.

Already, supporters are being asked to record YouTube videos of themselves talking about the importance of raising taxes on the rich. Aides said those videos would be shared on Facebook and Twitter and would be forwarded to centrist Democrats, as well as to mainstream Republicans, who they hope will break with their Tea Party colleagues.

More here

More from Steve Benen here

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