Fiscal Cliff: Elephant in the Room – Roger Ingalls

With all this hyped-out talk about the Fiscal Cliff, raising taxes, cutting Social Security and Medicare, why isn’t anyone talking about the obvious?

Yes, we need to let the temporary tax cuts given to the rich during the George W. Bush administration expire as originally promised almost a decade ago. And we need to cut some spending in the right areas.

Defense spending is the elephant in the room. All the politicians are ignoring the obvious. The military budget has tripled since 2002 and is the significant contributor to the debt. Social Security and Medicare are not the evil entitlements as promoted by the Conservatives.

I do not believe defense spending will be reduced to appropriate levels. In time, many politicians get appointed to the boards of defense contractors and they also receive campaign contributions from organizations associated with them. It’s not in the best interests of our elected officials to reduce defense spending.

We all know the world is not going to end if Washington does not come to a Fiscal Cliff agreement by the end of the year. It’s just political rhetoric meant to draw our attention away from the real problems.

Bipartisan Rant: Thank You, I’m Not Alone (by Roger Ingalls)

Often, my head and heart burn with frustration when I can’t find the words or intensity to express myself. Like many people, I have complex thoughts, little spare time and no soapbox to pair vocal-passion with words.

Every once in awhile someone comes along and says exactly what I want to scream to the world. This gift was given to me on Tuesday. My eyes teared-up as I said to myself, “thank you…I’m not alone”.

In a rare bipartisan rant, Dylan Ratigan let all sides have it during his MSNBC show.

I implore you – the readers of this post – to watch this four minute video. It will make you smarter and hopefully move you.

This is the shortest post I’ve written, I can’t add anything to what Dylan Ratigan said. Every point he made was a homerun.

I take solace knowing others see the world as I do and, oddly, it’s comforting to see the growing frustration. Frustration will eventually lead to action.

A change is gonna come!

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Roger Ingalls is well travelled and has seen the good and bad of many foreign governments. He hopes his blogging will encourage readers to think more deeply about the American political system and its impact on US citizens and the international community.

Deficit Straight Talk: Bush Out Spends Obama 3 to 1 (by Roger Ingalls)

I’m tired of the Republican trash talk about how fiscally irresponsible the Democrats are when it comes to government spending and economic policy. Those that point fingers and yell the loudest are usually the ones with something to hide. It’s time to set the record straight.

Republican administrations are responsible for nearly 80% of the $14 Trillion deficit. This massive debt building started with Ronald Reagan and skyrocketed under George W Bush. The chart below must be painful for conservatives to look at, especially for the followship that can comprehend such data (Democrats are in blue and Republicans are in Red, source: U.S. Dept. of the Treasury). Democrats have historically maintained or decreased the deficit while the Republicans recklessly spend.

click chart for larger view

Let’s compare our two most recent presidents. The chart below is from the New York Times and is based on data from the Congressional Budget Office. This chart shows contribution to the deficit from policy decisions made during each administration. Obama’s figures are forecasted as a two term president. As we can clearly see, Bush’s massive debt is three times greater than Obama’s.

click chart for larger view

Most striking is the debt contribution from Bush’s tax cut policy that predominately benefited the wealthiest Americans. This policy change alone increased the deficit by $1.8 Trillion and is the single biggest debt building event in American history.

Conservatives are hell-bent on maintaining the Bush tax cuts arguing they help stimulate the economy by giving the rich more money to invest (a revisit of the failed Reaganomic trickle down philosophy). Just one problem, it doesn’t work. GDP growth during Bush’s presidency was a dismal 1.66% – the lowest since the 1940s. Even if the negative affects of the 2008 financial crisis are removed from the data, the Bush era is still a 60 year low with a GDP of 2.39. During this same six-decade period, the Democrat administrations of Kennedy/Johnson, Clinton and Carter had the best GDP growth performances (5%, 4.3% and 3.7% respectively). Does it get any clearer than that, folks? This data comes from the U.S. Dept of Commerce Bureau of Economic Analysis.

Takeaways:

1)      The Republican policy of lowering taxes to benefit the rich and sold to main-street America as a growth stimulus, does not work. It failed under Reagan and it was catastrophic under Bush.

2)      Republicans spend heavily on defense because it is an easy sell to the public and it benefits big businesses that contribute heavily to their political campaigns. Keep in mind, 75% of the jobs created in America come from small businesses, not the big ones chased by Republican politicians.

3)      To offset their heavy spending, conservatives try to look responsible by cutting social programs that help the poor and elderly. They sell this by highlighting government excesses that they have created in the first place.

4)      Financial policies created by Democrats have historically out-performed Republicans ones because they are inherently balanced with responsible spending and appropriate taxation for a modern society.

Important Note: The Bush tax cuts now expire at the end of 2012. We must hold our representative’s fingers to the fire and make sure they don’t vote to extend this rich man’s benefit package. Again, trickle down Reaganomics never has and never will work!

Closing Challenge: Show me some unbiased government data that even remotely suggests Republican financial policies are better for main-street America than the ones used by Democrats. Real data, not uneducated Tea Party trash talk!

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Roger Ingalls is well travelled and has seen the good and bad of many foreign governments. He hopes his blogging will encourage readers to think more deeply about the American political system and its impact on US citizens and the international community.

Republican Debt Mantra: Build It Cuz They B Dumm

 

Tune into the news via the TV, radio or computer and all we hear is noise about the escalating national debt. We’ll hear the well-oiled Republican machine blaming President Obama and the Democrats for reckless spending. The conservative-speak by these silver-tongued devils is so finely tuned it makes Lincoln’s Gettysburg Address seem no more complex than a nursery rhyme.

I’m in awe of these self-proclaimed “Christian-valued” politicians that shift their guilt on to the innocent with such ease as if they were channeling Lucifer himself. I suppose this “self-proclaiming” is part of the facade. But how do they do it?  How do they sleep at night and how do they live in their own skin without wanting to crawl out of it? It’s creepy.

Michele Bachmann, US House Rep., MN, Republican

(click picure for scary surprise)

Surprisingly, this simple yet deceptive campaign actually works. Most Americans believe Democrats are the big spenders.

While at dinner with a friend this past weekend, we stumbled upon the subject of our national debt. He mentioned his amazement at the Democrats’ continued quest to add more to the huge debt they’ve already created—I almost choked. Wait, did I hear that right? Did this man, intelligent in many forms, actually say, “the huge debt the Democrats have created?”  Holy frickin’ crap, Batman, even he’s been brainwashed!

I knew, right then and there, something had to be done. These twisted words must be ripped from the devil’s mouth—torn out by its roots.  Many are trying to stop the Republican rewriting of history and I, too, must do my part.

Let’s keep it simple, let’s think like cavemen. Pictures, they’re worth a thousand words. These charts say it all (click image for larger view):

It doesn’t get any more obvious than this. As the charts show, Republicans historically increase spending and the national debt while the Democrats decrease them. The numbers don’t lie.

The purpose of this post is not to solely put the debt blame back on the shoulders of Republicans where it rightly belongs. It is also intended to highlight the importance of searching for truth. Don’t be led blindly by today’s politicians, they are salesmen for Corporate America—especially Republicans.

Whether you’re progressive or conservative, it should be vividly clear that we need revolutionary change within our political system. If a politician can tell a boldfaced lie without so much as a slap on the wrist, something is wrong.

-Roger Ingalls

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Roger Ingalls is well travelled and has seen the good and bad of many foreign governments. He hopes his blogging will encourage readers to think more deeply about the American political system and its impact on US citizens and the international community.