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View Diary: 'The Raiders of Your Lost Retirement' #5: Will PBO Bridle Trojan Horse? "Stop The Grand Swindle" (23 comments)

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  •  this is what "fix the debt" is about... (6+ / 0-)

    Corporations Calling To ‘Fix The Debt’ Want $134 Billion In Tax Breaks

    Ahead of negotiations over the so-called “fiscal cliff” and what promises to be another fight over raising the debt ceiling, 63 CEOs representing the largest U.S. corporations, including several Wall Street firms, launched a campaign to supposedly “fix the debt.” However, this campaign calls for additional corporate tax cuts by switching the U.S. to what’s known as a “territorial” corporate tax system, along the lines of that proposed by Mitt Romney.

    According to a report by Institute for Policy Studies, the corporations involved could gain up to $134 billion in windfalls if Congress approves such a system, which exempts foreign earnings from the U.S. corporate income tax.

    fix the debt is just another pete peterson aligned group of 1%ers howling because they want to steal more from the 99%.

    want to know whose side obama is on?  get on the clue train, obama's been in bed with the captains of catfood from the get-go:

    When Obama’s new Deficit Commission gets going, it has plans for "partnering“--in the words of executive director Bruce Reed--with outside groups. Among them will be the foundation run by Wall Street billionaire Peter G. Peterson, who today is upstaging the president with his own fiscal summit in Washington. Obama insists he is keeping an open mind about how to deal with the deficit and national debt-- but he’s already stacked his own commission with people who lean heavily toward one particular solution: cutting entitlements for the old, the sick, the disabled, and the poor. And if that wasn't enough, he now looks to be working hand-in-glove with a wealthy private organization whose central purpose is to cut Social Security and Medicare. Talk about foregone conclusions.

        In June, according to the Washington Post,  Obama’s deficit commission will be participating in a 20-city electronic town hall meeting, put together by an organization called America Speaks. It is financed by Peterson, along with the MacArthur Foundation and Kellogg Foundation. This is a truly unusual event because it marks the first time a presidential commission’s activities are financed by a private group that has long been lobbying the government on the very subjects the commission is supposed to “study.

    here's another clue:
    the National Commission on Fiscal Responsibility and Reform [obama's catfood commission] has also come under attack for its unusual approach to staffing: Many of its employees aren't employed by the panel at all.

    Instead, about one in four commission staffers is paid by outside entities, many of which have strong ideological points of view about how to tackle the deficit.

    For example, the salaries of two senior staffers, Marc Goldwein and Ed Lorenzen, are paid by private groups that have previously advocated cuts to entitlement programs. Lorenzen is paid by the Peter G. Peterson Foundation, while Goldwein is paid by the Committee for a Responsible Federal Budget, which is also partly funded by the Peterson group.

    don't just sign the petition, get on the horn and give your representative hell...  and for goodness sake, get yourself some comfortable shoes!

    i'm part of the 99% - america's largest minority

    by joe shikspack on Wed Nov 14, 2012 at 08:39:42 AM PST

    •  Got, on it, thanks joe shikspack! (1+ / 0-)
      Recommended by:

      Move Single Payer Forward? Join 18,000 Doctors of PNHP and 185,000 member National Nurses United

      by divineorder on Wed Nov 14, 2012 at 04:09:56 PM PST

      [ Parent ]

    •  these 'clues' started early, even before being (0+ / 0-)

      sworn into office.
      Obama Pledges Reform of Social Security, Medicare Programs
      By Michael D. Shear
        Washington Post Staff Writer
        Friday, January 16, 2009

      President-elect Barack Obama pledged yesterday to shape a new Social Security and Medicare "bargain" with the American people, saying that the nation's long-term economic recovery cannot be attained unless the government finally gets control over its most costly entitlement programs.

      That discussion will begin next month, Obama said, when he convenes a "fiscal responsibility summit" before delivering his first budget to Congress. He said his administration will begin confronting the issues of entitlement reform and long-term budget deficits soon after it jump-starts job growth and the stock market.

       "What we have done is kicked this can down the road. We are now at the end of the road and are not in a position to kick it any further," he said. "We have to signal seriousness in this by making sure some of the hard decisions are made under my watch, not someone else's."
      But he framed the economic recovery efforts more broadly, saying it is impossible to separate the country's financial ills from the long-term need to rein in health-care costs, stabilize Social Security and prevent the Medicare program from bankrupting the government.

      "This, by the way, is where there are going to be very difficult choices and issues of sacrifice and responsibility and duty," he said. "You have to have a president who is willing to spend some political capital on this. And I intend to spend some.
      (emphasis mine)

      Yeah that should be concern number one, not a military budget bigger than the next ten Countries...combined , tax cuts to the super wealthy (which he continued), subsidies to the petroleum industries making record profits, tax credits for exporting jobs, corporations not only not paying taxes but getting huge 'tax credits', a nation of people whose health is held hostage by a profit driven operation, bankruptcies for people up to Donald Trump covered while student loans are exempt from bankruptcy pleas, and the damn list is too long but the point should be obvious as to which side Obama is on.
      So sign petitions, call your State, local and Federal reps, join local groups gathering in opposition, maybe be like the (victorious) students in Quebec and get out and bang pans,  but get involved.

      without the ants the rainforest dies

      by aliasalias on Thu Nov 15, 2012 at 12:14:03 AM PST

      [ Parent ]

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