Tuesday
Mar242009
Three Keys to Recovery
Coffee Brown, University of New Mexico, Talk Radio News
“The annual budget process is really the truest test of priorities that the President and Congress engage in,” said Sen. Patty Murray (D-Wash.), as she, Sen. Bernie Sanders (D-Vt.), and Sen. Jeff Merkley (D-Ore.) met to define what those priorities are for the Senate Democrats. “We want to put the middle class first by cutting taxes and making key investments to bring this country out of this recession,” she said. The three then defined what those key investments are.
Murray spoke for education, “To revive the American economy and compete in this global economy, we have to expand educational opportunities for all Americans. Investing in education is one of the most certain ways to prepare a skilled and ready workforce.”
She introduced Jaim Foster, a second grade teacher from Alexandria, Va., who described teachers facing cutbacks and uncertain employment, as well as increased responsibilities as school nurses also were cut.
Sanders said, “For decades, politicians have been giving speeches about the need for energy independence.” We send hundreds of billions of dollars a year” out of the U.S., often to more or less unfriendly countries. “Finally the American people have said ‘enough is enough, we have got to do something real,’” he said. “The time is now to break our dependence on fossil fuel, and that is what we are going to do.”
He said the expert consensus is that we must address climate change, and that we are already seeing its effects. The budget will create “millions of good paying American jobs as we move to new kinds of energy,” he said, citing geothermal, wind, solar, and biomass.
He introduced James Walker, President, American Wind Energy Association, who said the industry went from $700 million in 2004 to $17 Billion in 2008, creating over 85,000 jobs. When it reaches its projected potential of 20 percent of our total energy needs, it will be the equivalent of removing 140 million cars, and will have created over 500,000 jobs, he said.
Merkley took healthcare. “I think everyone understands how broken healthcare is,” he said, citing 50 million uninsured, many more who are under-insured, and families whose top concern is "whether or not
they can maintain health insurance". “The stress is continuous,” he said.
Merkley said that “every single year, double digit increases” in premiums cause more small businesses to stop offering health insurance. He said even larger businesses are now advocating for change.
Sanders finished with, “Ask Sen. (Judd Gregg (R-N.H.)) if he still supports the repeal of the estate tax, which would give one trillion dollars to the wealthiest three tenths of one percent. That’s OK, but when you fund energy, when you fund healthcare, when you fund education, when you put Americans to work to improve the quality of life for our families, somehow that’s a terrible idea.”
“The annual budget process is really the truest test of priorities that the President and Congress engage in,” said Sen. Patty Murray (D-Wash.), as she, Sen. Bernie Sanders (D-Vt.), and Sen. Jeff Merkley (D-Ore.) met to define what those priorities are for the Senate Democrats. “We want to put the middle class first by cutting taxes and making key investments to bring this country out of this recession,” she said. The three then defined what those key investments are.
Murray spoke for education, “To revive the American economy and compete in this global economy, we have to expand educational opportunities for all Americans. Investing in education is one of the most certain ways to prepare a skilled and ready workforce.”
She introduced Jaim Foster, a second grade teacher from Alexandria, Va., who described teachers facing cutbacks and uncertain employment, as well as increased responsibilities as school nurses also were cut.
Sanders said, “For decades, politicians have been giving speeches about the need for energy independence.” We send hundreds of billions of dollars a year” out of the U.S., often to more or less unfriendly countries. “Finally the American people have said ‘enough is enough, we have got to do something real,’” he said. “The time is now to break our dependence on fossil fuel, and that is what we are going to do.”
He said the expert consensus is that we must address climate change, and that we are already seeing its effects. The budget will create “millions of good paying American jobs as we move to new kinds of energy,” he said, citing geothermal, wind, solar, and biomass.
He introduced James Walker, President, American Wind Energy Association, who said the industry went from $700 million in 2004 to $17 Billion in 2008, creating over 85,000 jobs. When it reaches its projected potential of 20 percent of our total energy needs, it will be the equivalent of removing 140 million cars, and will have created over 500,000 jobs, he said.
Merkley took healthcare. “I think everyone understands how broken healthcare is,” he said, citing 50 million uninsured, many more who are under-insured, and families whose top concern is "whether or not
they can maintain health insurance". “The stress is continuous,” he said.
Merkley said that “every single year, double digit increases” in premiums cause more small businesses to stop offering health insurance. He said even larger businesses are now advocating for change.
Sanders finished with, “Ask Sen. (Judd Gregg (R-N.H.)) if he still supports the repeal of the estate tax, which would give one trillion dollars to the wealthiest three tenths of one percent. That’s OK, but when you fund energy, when you fund healthcare, when you fund education, when you put Americans to work to improve the quality of life for our families, somehow that’s a terrible idea.”
"Spending money I haven't made yet for things I don't want."
Paul Ryan (R-Wis.) said, “The president is proposing to increase our national debt more than all prior 43 presidents combined,” adding $2.3 trillion more “to the national debt in higher deficits” than his own budget office stated.
Ryan said the budget increases taxes and spending. “But what’s so galling about this – we read today the Chinese are talking about a new currency, the Russians are talking about a new currency. We are debasing the value of the American dollar by borrowing way beyond our means,” he said.
“We are consigning our next generation to an inferior standard of living,” Ryan said.
He estimates the national debt will double in six years and triple in ten.
Dan Mitchell, senior fellow at the CATO Institute, a libertarian think tank, said, “That’s just the tip of the iceberg, because … we have trillions and trillions of unfunded liability for entitlement programs, … tens of trillions of dollars of unfunded liabilities in the future. We are in effect on a path to become the next Argentina.”
That other countries would consider a reserve currency other than the dollar is, he says, “a referendum that we are on the wrong track.”
Rep. Jim Jordan (R-Ohio), Chairman of the Fiscal Responsibility Task Force of the Republican Study Committee, said that one of the elements of greatness is the willingness of one generation to sacrifice for the next. The next generation, he said, will never be able to repay this debt.
He quoted Sen. Judd Gregg (R-N.H.) as saying this budget would bankrupt the country.
Rep. Marsha Blackburn (R-Tenn.) said “One of my constituents said it best, ‘I am tired of Congress spending money I haven’t made yet for things I don’t want.’ When you look at the push for nationalizing healthcare, when you look at the cap-and-tax scheme (Cap-and-Trade), this is what people are afraid is going to pile on more and more debt.”
“I look at this as being economic abuse of (her grandchildren’s) future,” she said.
Rep. Gregg Harper (R-Miss.) said, ”When you find out you’ve dug yourself a hole, you should quit digging, but we’ve brought in heavy machinery, and we’re making the hole so deep that we’re not going to be able to get out of it.”
“We tell our children we can’t afford to get everything,” he said, and now the children, the public, are telling the parents, the legislators, “We don’t really have to have that.”