I don't think we are quite at the depression stage just yet, but if things keep going they way they are now, we will and sooner than anyone can anticipate.
Recession or depression depends upon personal circumstances.
America's poor were enduring a perpetual economic depression even when the Middle Class was happily consuming itself into becoming the Indentured Class.
Note how the unions have reactionary rallied to support the Democrat faction of the corporate party in states with retrograde Republican governors, while surrendering to the devious Democrat governors who have demanded that working people pay the penalties for the economic chaos that corporate (R & (D) party protected (and rewarded) banksters caused.
When the governor is a Democrat collective bargaining is a right not worth having... because it isn't exercised.
If the Indentured Class workers actually believed they were experiencing a real depression there'd be socialists rising in the rank and file to take back the unions that Democrats made weak, rather than continuing Democrat control dedicated to protecting the systemic rot that should be removed.
How can we call it anything else considering that a tax increase to even the Reagan years' level, would put us back on our feet and the republicans refuse to hear of it? As long as they have their millions and billions, nothing else matters to them. They are neurotic about it, obsessed with it, and to hell with everyone else. Alan Grayson had it right when he described their attitude/plan for health care: "Don't get sick. And if you do get sick, die quickly." It was too true for them to handle, but that same philosophy applies to everything else for them; no education, no public services or programs for the lower income citizens at their expense. And who cares if we die in poverty?
Truth is US has lived under Reaganomics 1981 deregulation, debt, 1986 amnesty for cheap Mexican wages, - Bush 1-2 GOP 2008 crash / edge of depression / 700 Bil TARP joke on taxpayers. GOP - 5 con judges / Goldman Fed 's wealth favoring policies tanked US wages, led to disaster. Reagan Bush GOP gave huge unfunded corp cuts, lied us into Iraq- wasting lives & trillions. 1980 Reagan Bush GOP 2008 created massive unfunded debt aka 2 long failed wars- corp cuts. Bush even gave tax cuts to CO that sent good jobs overseas ! WHY ? Tax Loopholes - subsides to BIG OIL WHY ? . Why does US greatly favor the wealthy with corp cuts- loopholes , anti US trade policies, tax laws that harm US workers . Lobbyists & huge corps / GP{ Tea Baggers run our economy, our courts, and the Goldman Fed. Whats next ?
This new Breed of GOP Tea vangelicals want to blend politics and religeon Maybe replace Constitution with the Bible . They are devious and dangerous to our way of life Few seem to know that They are followers of the cult like fervor of Fox Beck Hannity Bachman crowd..and 800 con radio shows who's mission is to make Obama fail even as it takes down our economy, jobs, por kids education, old sick, disabled..Low income seniors who spent all they had & count on medicaid for a nursing home.GOP Tea Baggers fought to protect corps & billionaires tax cuts - loopholes & threatened to let US default to get their way .
Science and Justice require that the word "Great" never be placed before the word "Republican". The proper word order is Republican Great Recession, Republican Great Depression, Republican Great Mistake, Republican Great Error, Republican Great Cluster----.
"Hartmann combines a remarkable piece of historical research with a brilliant literary style to tell the grand story of corporate corruption and its consequences for society with the force and readability of a great novel."
—David C. Korten, author of When Corporations Rule the World and Agenda for A New Economy
From The Thom Hartmann Reader:
"Thom Hartmann is a creative thinker and committed small-d democrat. He has dealt with a wide range of topics throughout his life, and this book provides an excellent cross section. The Thom Hartmann Reader will make people both angry and motivated to act."
—Dean Baker, economist and author of Plunder and Blunder, False Profits, and Taking Economics Seriously
From The Thom Hartmann Reader:
"Thom Hartmann channels the best of the American Founders with voice and pen. His deep attachment to a democratic civil society is just the medicine America needs."
—Tom Hayden, author of The Long Sixties and director, Peace and Justice Resource Center.
I don't think we are quite at the depression stage just yet, but if things keep going they way they are now, we will and sooner than anyone can anticipate.
I agree with partygnome that we aren't there yet but it could happen.
When a company falls
on difficult times, one of the things that seems to happen is they reduce their
staff and workers. The remaining workers must find ways to continue to do a
good job or risk that their job would be eliminated as well.
Wall street and the
media normally congratulate the CEO for making this type of "tough
decision", and the board of directors gives upper corporate management big
bonuses..
Our government should
not be immune from similar risks.
Therefore:
Reduce the House of
Representatives from the current 435 members to 218 members.
Reduce Senate members
from 100 to 50(one per State). Then, reduce their remaining staff by 25%.
Accomplish this over
the next 8 years (two steps/two elections) and of course this would require
some redistricting.
Some Yearly Monetary
Gains Include:
$44,108,400 for
elimination of base pay for congress. (267 members X $165,200 pay/member/yr.)
$437,100,000 for
elimination of their staff. (Estimate $1.3 Million in staff per each member of
the House, and $3 Million in staff per each member of the Senate every year)
$108,350,000 for the
reduction in remaining staff by 25%.
$7,500,000,000reduction
in pork barrel earmarks each year. (Those members whose jobs are gone. Current
estimates for total government pork earmarks are at $15 Billion/yr).
The remaining
representatives would need to work smarter and improve efficiencies. It might
even be in their best interests to work together for the good of our country!
We may also expect
that smaller committees might lead to a more efficient resolution of issues as
well. It might even be easier to keep track of what your representative is
doing.
Congress has more
tools available to do their jobs than it had back in 1911 when the current
number of representatives was established. (Telephone, computers, cell phones
to name a few)
Note:
Congress does not
hesitate to head home for extended weekends, holidays and recesses, when what
the nation needs is a real fix for economic problems. Also, we had 3 senators
who were not doing their jobs for the 18+ months (on the campaign trail) and
still they all accepted full pay. Minnesota survived very well with only one
senator for the first half of this year. These facts alone support a reduction
in senators and congress.
Summary of
opportunity:
$44,108 ,400
reduction of congress members.
$282,100,000 for
elimination of the reduced house member staff.
$150,000,000 for
elimination of reduced senate member staff.
$70,850,000 for 25%
reduction of staff for remaining house members.
$37,500,000 for 25%
reduction of staff for remaining senate members.
$7,500,000,000
reduction in pork added to bills by the reduction of congress members.
$8,084,558,400 per
year, estimated total savings. (That's 8-BILLION just to start!)
Corporate America does
these types of cuts all the time. There's even a name for it.
"Downsizing."
------------------------------
Also, if
Congresspersons were required to serve 20, 25 or 30 years (like everyone else)
in order to collect retirement benefits, taxpayers could save a bundle.
Now they get full
retirement after serving only ONE term.
IF you are happy with
how Washington spends our taxes, ignore this message.
Otherwise, it's time
to "downsize" Congress.
Recession or depression depends upon personal circumstances.
America's poor were enduring a perpetual economic depression even when the Middle Class was happily consuming itself into becoming the Indentured Class.
Note how the unions have reactionary rallied to support the Democrat faction of the corporate party in states with retrograde Republican governors, while surrendering to the devious Democrat governors who have demanded that working people pay the penalties for the economic chaos that corporate (R & (D) party protected (and rewarded) banksters caused.
When the governor is a Democrat collective bargaining is a right not worth having... because it isn't exercised.
If the Indentured Class workers actually believed they were experiencing a real depression there'd be socialists rising in the rank and file to take back the unions that Democrats made weak, rather than continuing Democrat control dedicated to protecting the systemic rot that should be removed.
The Devolution of Liberalism:
http://chenangogreens.org/home/index.php?option=com_content&task=view&id...
How can we call it anything else considering that a tax increase to even the Reagan years' level, would put us back on our feet and the republicans refuse to hear of it? As long as they have their millions and billions, nothing else matters to them. They are neurotic about it, obsessed with it, and to hell with everyone else. Alan Grayson had it right when he described their attitude/plan for health care: "Don't get sick. And if you do get sick, die quickly." It was too true for them to handle, but that same philosophy applies to everything else for them; no education, no public services or programs for the lower income citizens at their expense. And who cares if we die in poverty?
Truth is US has lived under Reaganomics 1981 deregulation, debt, 1986 amnesty for cheap Mexican wages, - Bush 1-2 GOP 2008 crash / edge of depression / 700 Bil TARP joke on taxpayers. GOP - 5 con judges / Goldman Fed 's wealth favoring policies tanked US wages, led to disaster. Reagan Bush GOP gave huge unfunded corp cuts, lied us into Iraq- wasting lives & trillions. 1980 Reagan Bush GOP 2008 created massive unfunded debt aka 2 long failed wars- corp cuts. Bush even gave tax cuts to CO that sent good jobs overseas ! WHY ? Tax Loopholes - subsides to BIG OIL WHY ? . Why does US greatly favor the wealthy with corp cuts- loopholes , anti US trade policies, tax laws that harm US workers . Lobbyists & huge corps / GP{ Tea Baggers run our economy, our courts, and the Goldman Fed. Whats next ?
This new Breed of GOP Tea vangelicals want to blend politics and religeon Maybe replace Constitution with the Bible . They are devious and dangerous to our way of life Few seem to know that They are followers of the cult like fervor of Fox Beck Hannity Bachman crowd..and 800 con radio shows who's mission is to make Obama fail even as it takes down our economy, jobs, por kids education, old sick, disabled..Low income seniors who spent all they had & count on medicaid for a nursing home.GOP Tea Baggers fought to protect corps & billionaires tax cuts - loopholes & threatened to let US default to get their way .
What does that tell you GOP voters ?
Science and Justice require that the word "Great" never be placed before the word "Republican". The proper word order is Republican Great Recession, Republican Great Depression, Republican Great Mistake, Republican Great Error, Republican Great Cluster----.