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Thom's blog
The Deficits Republicans Don't Want to Talk About
I agree with Republicans - America has a deficit problem. It’s just not the same deficit problem Republicans are freaking out about.
As usual, Boehner and McConnell were sounding the alarms over our nation’s federal deficit, something Republicans like to do a near-daily basis. But, what they didn’t say in that op-ed is that our federal deficit has actually improved A LOT in recent years.
Our federal deficit has been slashed by over two-thirds since President Obama took office, and deficits over the next decade are going to be around $4.7 trillion dollars lower than what the Congress Budget Office estimated just four years ago. Instead of focusing on a federal deficit that’s at its lowest point in years, Republicans should instead be focusing on America’s real deficit problem.
Right now, millions of Americans are unemployed or underemployed. As Senator Sanders points out in his report, the real unemployment rate, which counts those underemployed and those who have given up looking for work, sits at a staggering 11.2%. This is not a problem that we can just ignore.
-Thom
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Tonight on The Big Picture on RT TV at 7pm and 10pm... Should we rename America... Kochistan? (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)
Daily Take: The Deficits Republicans Don't Want to Talk About
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Tuesday's Daily Stack 
Speech: " Address Announcing the Second New Deal" by Franklin D. Roosevelt, October 31, 1936. " We had to struggle with the old enemies of peace--business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering. They had begun to consider the Government of the United States as a mere appendage to their own affairs. We know now that Government by organized money is just as dangerous as Government by organized mob." Article: " Fascism" by 1983 American Heritage Dictionary.
Speech: " A Rendezvous With Destiny", Franklin D. Roosevelt, 27 June 1936 speech to the Democratic National Convention, Philadelphia, Pennsylvania. " These economic royalists complain that we seek to overthrow the institutions of America. What they really complain of is that we seek to take away their power. Our allegiance to American institutions requires the overthrow of this kind of power."
Quote: "I hope ever to see America among the foremost nations of justice and liberality" - George Washington ". Quote: "Those who cannot remember the past are condemned to repeat it." - George Santayana.
Article: " 14th Amendment, July 9, 1868 (citizenship, representatives, public debt)
Science and green news
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Wednesday on The Thom Hartmann Program, 12-3pm ET
And, the best of the rest of the news along with your calls right here on...
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Thom's Poll
Should anyone be allowed to spend $1 billion on our elections?
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Watch & Listen to Thom
Why the Greek Anti-Austerity Party Won
Did the N Dakota Pipeline Poisoned Drinking Water?
The Right's Home School Conspiracy
The Death of Whistleblowers?
TPP…Cement Shoes & Into the River for the Middle Class
Why is SCOTUS Reviewing Lethal Injection?
Or watch the Full "Big Picture" Show...
Full Show 1/26/2015: Why the TPP Will Sink the Middle Class
In tonight’s show, Thom talks Greece elections and the future of the Eurozone with Dr. Richard Wolff, economist and author Democracy at Work.
Tyson Slocum, Director of Public Citizen Energy Project talks about the 3 million gallon N. Dakota oil drilling waste spill, Montana leak, and the Keystone XL pipeline.
Norman Solomon, Co-founder of RootsAction.org and Executive Director at the Institute for Public Accuracy talks to Thom about former CIA employee Jeffrey Sterling’s espionage conviction. Author Mike Farrell talks about the Supreme Court taking up Oklahoma’s lethal injection case. Frank Schaeffer, author of Why I am An Atheist Who Believes in God, talks about homeschooling and its future in American education.
Thom concludes with his daily take on the proposed Trans-Pacific Trade Partnership (TPP) Why it will sink the middle class.
Have Supreme Court Rulings Led to Covert Fascism in America?
Where Are We Headed? Mob Rule or the Over-Privileged Delight?
Do Sleeping Pills Cause Alzheimers?
Thom Reads "Why I Love The King," a Poem by Bob Ney
What Happens When The Kochs Hold Their Own Primaries? (w/ Neil McCabe)
Are Renegade Farmers Changing The Face of Food? (w/ Liz Carlisle)
Should We Change The Name of America to "Kochistan"? (w/ Horace Cooper)
Caller: "The U.S. Chairman of the Board of BAE... is Skeletor!"
Thom Hartmann on Science & Green News - January 27, 2015
Caller: Why Don't We Try "Geyser-Up Economics"?
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Thom Hartmann Program
Question:
When applying CPI adjustments why are the dollars which will not be subject to being spent on CPI items such as the massive savings or investments by the wealthy not exempted?