The deficit is now down to under 3% of GDP, and in contemplating that fact, Paul Krugman asks why the deficit hawks aren't celebrating the precipitous fall from nearly 10% of GDP a few years ago. He then explains that:
Far from celebrating the deficit’s decline, the usual suspects — fiscal-scold think tanks, inside-the-Beltway pundits — seem annoyed by the news. It’s a “false victory,” they declare. “Trillion dollar deficits are coming back,” they warn. And they’re furious with President Obama for saying that it’s time to get past “mindless austerity” and “manufactured crises.” He’s declaring mission accomplished, they say, when he should be making another push for entitlement reform.
All of which demonstrates a truth that has been apparent for a while, if you have been paying close attention: Deficit scolds actually love big budget deficits, and hate it when those deficits get smaller. Why? Because fears of a fiscal crisis — fears that they feed assiduously — are their best hope of getting what they really want: big cuts in social programs.
Here are some excerpts dealing with the plight of the Palestinians vs. the willful denial of their horror by the US politicians and too many propaganda-saturated US and global citizens.
“Obama Blasts Brutality and Bullying, But Not by Israel” by Thalif Deen: Read more about Genocide of Gaza Already Down 'Great' American Memory Hole?
So what on earth would be the payoff of a thermo-nuclear war with Russia? It would end all life on the planet.
Are Obama and the crazed neocons and crazed neo-liberal interventionists so obsessed with geo-political and military gamesmanship they just can’t resist raising the ante to F*CKING THERMO-NUCLEAR WAR?
Why does Russian involvement with Ukraine have anything to do with US national security for one thing?
What on earth are the NATO leaders thinking, as well? Read more about Why Are Obama/NATO Stoking a Thermo-Nuclear War With Russia?
William Hanna in “Hypocrisy, Double Standards, and the Politicisation of Genocide” explains that in 1998 120 states of the international community adopted the Rome Statute which established a legal basis for establishing an International Criminal Court (ICC).
The U.S. and Israel signed the ICC accord in 2000. They have since withdrawn and opposed the ICC because the political leaders of both do not wish to be judged according to a “global standard of justice.” Read more about The Politicization of Genocide
Israel continues to slaughter Palestinian civilians. It continues to destroy homes, hospitals, mosques. It continues to damage basic infrastructures that provide water, electricity and sanitation.
The Washington DC government and US corporate mainstream media continue to support the Israeli slaughter. Read more about NYT-Spin of War Crimes; Israel to Holocaust Survivors: STFU
Globalizing Gaza in both military and legal terms raises the slogan “we are all Palestinians” from one of political solidarity to literal accuracy. Its corollary also highlights a key element of international politics of which we must be keenly aware: our governments are all Israel. Jeff Halper
Why do the basic rules of international law continue to be forsaken?
Why have they been forsaken for so long now especially in relation to Israel? Read more about Globalizing Gaza: Israel (& US) vs. International Law
Re-post of Excerpts from 5-12-11 blog:
As soon as men know that they can kill without fear of punishment or blame, they kill; or at least they encourage killers with approving smiles. Simone Weil
What is JSOC (pronounced "jay-sock")? Joint Special Operations Command.
Israeli “self defense” is NOT what is going on, even though there is relentless 24/7 US mainstream media propaganda to camouflage the ruthless unleashing of the Israeli/US-paid-for mass killing war machine.
In "Eyeless in Gaza" Jonathan Cook calls out Netanyahu’s protests of waging a “necessary” war of self-defense against rockets and tunnels. He writes: Read more about Collective Punishment & Butchering Babies is Self-Defense?
“In spite of everything I still believe that people are really good at heart. I simply can’t build up my hopes on a foundation consisting of confusion, misery, and death. I see the world gradually being turned into a wilderness, I hear the ever approaching thunder, which will destroy us too, I can feel the sufferings of millions and yet, if I look up into the heavens, I think that it will all come right, that this cruelty too will end, and that peace and tranquility will return again.” ― Anne Frank, The Diary of a Young Girl
It’s hard to fight for human and social justice when one recognizes that the communication of horrifying truths has little chance of penetrating -- SERIOUSLY -- the hearts and minds of so many, many of those still dedicated to crony “truthiness” and the status quo -- hearts and minds of so many low-information and dead-conscienced but stubbornly self-labeled “progressives” of America. Read more about Evil No Longer ‘Lesser’, Even from Ostrich Stance
Bill Van Auken in “Air strikes kill civilians as Israel prepares new Gaza bloodbath” calls out Jen Psaki, US State Department spokesperson who, after declaring that the Zionist regime of Israel had a “right to defend itself”, was asked by a reporter whether Gazan Palestinians had a right to defend themselves. Her response? “I don’t understand what you’re getting at.”
Joshua Holland has a fascinating article entitled “The First Iraq War Was Also Sold to the Public Based on a Pack of Lies”.
A 2013 CNN poll revealed that 54% of Americans maintain that George W. Bush deliberately “misled the U.S. public about whether Baghdad had weapons of mass destruction." Read more about Daddy Bush’s Iraq War as Cravenly Lie-Based as Baby Bush’s
In my last post, I took issue with a recent column by Catherine Rampell, who tries to make the case that seniors haven't paid for their Social Security and Medicare because they “generally receive” more in benefits out of these programs than they pay into them. Rampell relies on an Urban Institute study to make her case. Since that post, she's offered another that replies to some of the questions raised by commenters on her earlier effort. I'll reply to that new post shortly, but first I want to present key points emerging from my analysis of Federal monetary operations in my reply to her earlier post. See that post for the full argument.
First, once Congress mandates spending, there is no way that the Treasury can be forced into insolvency or an inability to pay its obligations as long as it is willing to make use of all the ways it can cause the Fed to create reserve credits in Treasury spending accounts which can then be used for its reserve keystroking into private sector account activities that today represent most of the reality of Federal spending. Read more about More Misdirection from Rampell in the Service of Generational War