Domestic Policy – Page 56 – The Wrongologist

Who Gets the Dynamic Score?

No, it isn’t Kobe, it’s the corporations that backed the GOP in November. When Republicans took control of both houses of Congress, they won an important new power: They now can change how the Congressional Budget Office (CBO) scores tax cuts and budget cuts. The changes they are planning can be used to make tax cuts appear less harmful to the deficit.

For years, the GOP has wanted to change the way that the (supposedly) nonpartisan CBO calculates — or, in Washington speak, “scores” — the budgetary impact of changes to the tax code. The methodology that the Republicans want to use is called “Dynamic Scoring”. Dynamic Scoring has been popular among conservatives since the 1970s. Instead of just figuring out how much more money a tax increase would produce for the Treasury, or how much a tax cut would cost in lost revenue, the GOP wants to use complex computer models to try to predict the long-term, and broader impact of hikes and cuts on the economy, since they are looking for proof of GDP and tax revenue growth.

Here’s how it would work. In January, Republicans will be in charge of the CBO, which produces official budget projections and the Joint Committee on Taxation (JCT), which calculates how tax laws affect revenue.

Today, when the CBO and the JCT calculate the impact of tax laws on government income, they consider how Americans might alter their behavior in response to tax rate changes. But the two staff departments do not evaluate how tax legislation could affect economic growth—largely because those sorts of impacts are hard to predict.

Republicans have believed this as an article of faith since the days of St. Ronnie. Tax cuts lead to greater economic activity, which in turn produces greater tax revenues—a perpetual motion revenue machine that is the wet dream of most Republicans. Scott Walker used this kind of “math” in Wisconsin. The result? A $2.1 Billion budget shortfall. Oh, and there is Kansas, where another Republican governor, Sam Brownback, is staring at $1.3 billion in deficits after cutting taxes and hoping for economic growth.

Math can be much easier when the answer is whatever you want it to be. But, the new math is the first step toward passing the Republican version of tax reform.

A keystone of any successful tax reduction plan is that they ought to be revenue neutral, that is, tax receipts will not go down, despite tax cuts. Using this form of new Republican math, you can inflate the value of possible future revenues from today’s tax cuts. That can be sold to the American people as a new version of “revenue neutral” although it is really a new version of “take the nickel little boy, it’s bigger than the dime”. This is extremely appealing to Republicans, since it makes tax cuts appear to cost the government less than they actually do – it allows them to say that tax cuts mostly pay for themselves—and wave the JCT-CBO seal of approval to justify that claim.

Democratic leaders and progressive economists reject dynamic scoring as an accounting gimmick, pointing to the aftermath of the Bush tax cuts as evidence that tax breaks do not create tax revenue. The Washington Examiner reports that Kenneth Kies, a GOP-nominated former director of the JCT, says that this accounting device falls:

Somewhere between pure mathematics and theology.

The real dynamic score will be by America’s corporations and financial firms.

Think it won’t happen? Incoming Chair of the House Ways and Means committee (which has jurisdiction over tax reform), is Rep. Paul Ryan (R-WI). Last week, in an interview with the Washington Post, Ryan said he will push to make sure that the two congressional budget scorekeepers use dynamic scoring when evaluating GOP tax reform legislation. Sen. Orrin Hatch (R-Utah), incoming Chair of the Senate Finance Committee, said last week that he was open to implementing the change.

Ryan and Hatch can implement dynamic scoring by simply ordering the two budget scorekeepers to accept this budgeting method. If such direct intervention seems too heavy-handed, Republican legislators have another option: They can appoint directors at the CBO and JCT who will use the kind of assumptions the GOP favors. Democrats can do nothing to prevent that.

So, what will stop Congress from using politically motivated economic models that incorporate rosy assumptions? Absolutely nothing.

Behold the future − you voted in the Republicans.

In practice, Dynamic Scoring is just another way for Republicans to enact tax cuts and block tax increases. It is not about honest revenue-estimating; it’s about using smoke and mirrors to institutionalize Republican ideology into the budget process.

Monday Wake Up – December 1, 2014

Today’s Wake Up is for entrenched power in America.

Inequality and political polarization has progressed to the point that the “The Hunger Games” trilogy is being taken seriously as literature with an important message for our time.

Its symbols are appearing in protests around the world and have made it into opinion columns:

Some protesters in Ferguson, Missouri, have adopted Katniss’s revolutionary slogan, “If we burn, you burn with us.” In Thailand, students flashing District 12’s three-fingered salute — a symbol of protest in the film — have recently been arrested. (The salute has apparently been outlawed since spring.) In a few short years, “The Hunger Games” and its symbology have become a part of the cultural commons.

America’s upper middle class thinks that inequality is an issue because it means low GDP growth, solely because people can’t buy enough consumer products to create good jobs. However, there could be an inflection point ahead when having more consumer goods ceases to be the goal of the middle class, or the people in poverty.

Look back at the French and Russian monarchies for a lesson about what that transition might look like, and how fast it can come about.

Today’s wake up music isn’t designed to get you dancing. It is the political anthem, “We Can’t Make It Here” by James McMurtry. McMurtry is the son of the novelist Larry McMurtry. The song won the 2005 Americana Music Award for song of the year. Music critic Robert Christgau has ranked “We Can’t Make It Here” as the best song of the 2000s. Bob Lefsetz said that “We Can’t Make It Here” has stood the test of time because of its unmitigated truth. Listen, while thinking that this was written in 2005, not this year:

Sample lyrics:
Will I work for food, will I die for oil,
Will kill for power and to us the spoils,
The billionaires get to pay less tax,
The working poor get to fall through the cracks

Monday’s Links:

Millennials are having to choose between affordable housing and jobs. It has always been true that there are fewer jobs where housing is affordable, but today, those two halves of the American Dream are living farther apart. Jobs with high wages are in unaffordable cities. The affordable homes cluster in the cities with lower wages and less upwardly mobile families.

Governor Christie (R-NJ) gives early sign that he is running for President. Christie vetoed a bill that would have banned crating pigs. New Jersey has few pig farms, but they are widespread in Iowa.

You can unknowingly lease a dog in San Diego CA. People who thought they purchased a dog using time payments actually leased the pet. After 27 months of payments, they could pay a $93.52 fee to end the lease, or $187.04 to purchase the pet. Why not just get a rescue animal? Read the paperwork, people! This is probably the next Wall Street securitization scheme.

Pope raises eyebrows by saying:

When we read about Creation in Genesis, we run the risk of imagining God was a magician, with a magic wand able to do everything — but that is not so…

His point was that Catholics should believe in evolution and the big bang theory. Next, Kansas and Texas will probably try to excommunicate him. Clearly, he’s been confused by those science-y people.

News from Russia:

Are the sanctions working? Russian firms that are under sanctions by the West must refinance $20 billion by April-sanctions are making that difficult.

There is a serious nuclear waste problem in the Arctic, brought to you by Russia. According to a joint Russian-Norwegian report issued in 2012, there are 17,000 containers of nuclear waste, 19 rusting Soviet nuclear ships and 14 nuclear reactors cut out of atomic vessels sitting on the bottom of the Kara Sea. The worst case scenario is described as “an Arctic underwater Chernobyl, played out in slow motion.” Oh, great, and I was worried about Crimea.

Water thievery is growing in California along with the drought. Thieves are cutting pipes and taking water from fire hydrants, storage tanks, creeks and rivers to get their hands on the precious commodity.

Thought for the week:

I always thought if you worked hard enough and tried hard enough, things would work out. I was wrong. –Katharine Graham (Owner of the Washington Post)

Post-Thanksgiving Digestif

It is a tradition on Thanksgiving at the Mansion of Wrong to play “Alice’s Restaurant” by Arlo Guthrie. It was on November 28, 1965 in Stockbridge, MA that Arlo was convicted of littering:

Sample lyric:

27 8×10 color glossy pictures with circles and arrows and a paragraph on the back of each one explaining what each one was to be used as evidence against us.

Here are your post-Thanksgiving links:

Buzzfeed asked Brits to fill in a map of the US. Here is good one:

Imagine trying to do that for the map of the UK.

Check out this Silicon Valley job title generator: The Wrongologist got ”Shareability Disruptor”

America can’t take any more bullshit: The Onion captures our current angst.

Milk is the new Coke: Why, yes, we are happy to pay twice as much for milk! If there’s one company you can trust to produce milk that is lower in sugar and higher in good things for you, it’s Coca-Cola.

It’s a doggy dog world:

Dog head-turning shows they do understand what you say. Naturally. How else could they play poker?

Dogs sloppy water bowl action is smart: Dogs extended more of their tongues to whack the water with a much wider surface area, then use their tongues to pull the water upward into a column at high speed, hitting an acceleration of roughly five to eight times that of gravity.

Court says that Michigan doesn’t need to provide quality public education: When education is not valued, society fails. Neither the people nor the country can thrive, much less survive without a good education.

Thought for Friday through Monday:

Some Americans who never trust their govt tend to be the ones who trust it completely whenever an unarmed black person is shot & killed.

— John Fugelsang (@JohnFugelsang) November 25, 2014

Sunday Cartoon Blogging – November 23, 2014

What to be thankful for this week? No Benghazi. Rep. Darrell Issa, (R-CA) and Chair of the House Intelligence Committee concluded the Benghazi affair by finding that the CIA and the military acted properly in responding to the 2012 attack on a U.S. diplomatic compound in Benghazi, Libya, and asserted no wrongdoing by Obama administration appointees. So, there was no intelligence failure, no delay in sending a CIA rescue team, no missed opportunity for a military rescue, and no evidence the CIA was covertly shipping arms from Libya to Syria.

A few things that will come up this week: First, the Grand Jury in Ferguson will finally give us the slow “He didn’t kill Michael Brown” decision. Who knows what will happen then. Tory Russell, co-founder of resistance group Hands Up United, Ferguson, MO said:

How can I prepare kids for the world if I’m not preparing the world for the kids?

Next, we could have a decision on Iran’s nuclear program. If the P5+1 make a deal with Iran, it will transform the Middle East. Don’t hold your Thanksgiving dinner waiting for it to happen. Finally, the mud wrestling in Washington will continue.

Immigration has always involved executive orders:

Why are Republicans so upset about Immigration?

Here’s why: They now have a very safe majority in the House, and an unsafe, but possibly sustainable majority in the Senate. If they actually pass an immigration bill, they will be primaried from the right in many of their less-than-safe House districts. So, the posturing about Obama being a “king” and “shredding the Constitution”.

Calls for meeting in the middle are meaningless:

Keystone and Immigration may be intimately connected:

Manson family values meets Cosby family values:

California Inmate Update – 3 pm EST

Further to today’s earlier post about California attempting to hold on to inmate firefighters who could otherwise be eligible for parole under a court order, BuzzFeed News reported: (brackets by the Wrongologist)

[While] lawyers for California Attorney General Kamala Harris argued releasing non-violent inmates early would harm efforts to fight California wildfires, Harris told BuzzFeed News she first heard about this when she read it in the paper.

So, the inevitable question: What did she know, and when did she know it? BuzzFeed quotes Harris:

I will be very candid with you, because I saw that article this morning, and I was shocked, and I’m looking into it to see if the way it was characterized in the paper is actually how it occurred in court…I was very troubled by what I read. I just need to find out what did we actually say in court.

She’s reduced to arguing that she had no idea that her office went into court and argued that they could not comply with a court order to reduce the prison population because they needed the cheap labor to combat wildfires. Her argument defies believability. A legal department has a case list. It is reviewed with the higher-ups on a periodic basis. Her acknowledging that she knew nothing about it isn’t credible, we are talking about compliance with a Supreme Court decision. You would have to believe that her underlings didn’t let her know about, and weigh in on, what they were doing in a high profile case that had been ongoing since 2011.

What exactly does she pay attention to, if not issues like this? Who decided to appeal the order? It doesn’t speak very well of her management process if she didn’t know what was going on.

But, unless she fires those who she says hid the news, there is no reason to believe that she actually disapproves of the position the state took to hold on to as many as 4,400 inmate firefighters.

California Caught in Moral Dilemma

Many have heard about California’s overcrowded prisons. In fact, conditions in California’s overcrowded prisons are so bad that they violate the 8th Amendment’s ban on cruel and unusual punishment, so ruled the US Supreme Court in 2011. That led to an order to expand California’s parole programs. But the state resisted the order, using two arguments: First, that they won’t have enough minimum security inmates left to perform inmate jobs. Second, that cheap prison labor is essential to the state’s budget.

The arguments center on a state program that uses inmates to fight wildfires. California is one of several states that employ prison labor to fight wildfires, and it has the largest firefighter program. According to Buzzfeed, prison inmates are paid less than $2 per day, and California will save $1 billion by using prison labor rather than hiring firefighters. Only certain classes of nonviolent inmates charged with lower level offenses are eligible for the inmate firefighter program. They must then meet physical and other criteria.

In exchange, inmates get the opportunity for early release, by earning twice as many credits toward early release as non-firefighting inmates otherwise earn, known as 2-for-1 credits. In February, the federal court overseeing California’s prison litigation ordered the state to expand this 2-for-1 program to some other rehabilitation programs so that other inmates who exhibit good behavior and perform certain work successfully would also be eligible for even earlier release.

Think Progress reported that California’s actions to slow-roll the court’s orders raises questions about whether using prison labor at the expense of private labor, creates incentives to keep inmates in prison, particularly when the courts have already said that many of them don’t need to be there. This doesn’t pass the smell test. Is the purpose of imprisonment to punish and/or rehabilitate, or is it to make money for the state? Is it ethical to do both? Is it ethical to keep prisoners incarcerated longer than the courts require because we can make money on their backs?

To make California’s argument even more repulsive, they apparently need more prisoners to make more money. Yet they can’t be bothered to build facilities sufficient to take care of those already in the system.

Does anyone seriously think it is cheaper to pay an imprisoned firefighter than to pay a private firefighter? That makes economic sense only when the state looks just at the $2 per day that the inmate is paid, compared to the cost of a full-time (union member) firefighter. They should be comparing it to keeping the inmate in prison for the minimum sentence of his/her term, since many of these prisoners would paroled under the Court’s order. California says that the annual cost of keeping someone in a state prison is $49,000. BTW, the typical pay for a beginning California temp firefighter for the wildfire season is $15,240. And, if the money were moved from pot A to pot B, those inmate seasonal firefighters could be hired upon release. That would create more competition for those seasonal firefighting jobs.

Prison labor has been with us since the beginning. It built our farm-to-market roads in the early days of the automobile. It stamped our license plates. Today, it picks up some of our litter and fights some of our fires and harvests some of our crops. Prison labor, whether in firefighter garb, orange jumpsuits, or chains, will remain.

It is our ethics as a people that seems to be going away for a long stay in a concrete room.

Today, Limousine Liberals are Neoliberals

Commenting on Monday’s post, blog commenter Terry McKenna closed with:

…we abandoned the worker for the limousine liberal.

You can read Terry’s blog here. Let’s pick up on his thought. “Limousine liberal” is a reference to the wealthy (including celebrities) who try to persuade others to their political and societal points of view. Critics assert that their wealth and status means they are out of touch with the American middle and lower middle classes they purport to support. Interestingly, its first use was in 1969, when a Democrat referred to Republican Mayor John V. Lindsay in his reelection campaign.

While Terry’s point is true, the “liberals” we need to be afraid of are the neoliberals.

“Neoliberalism” is a set of economic ideas that have become widespread since Ronald Regan. The term used rarely used in the US, but you can clearly see the effects of neoliberalism here as the rich grow richer and the poor grow poorer. Neoliberalism is not “liberalism” or “liberals”.

“Liberalism” can refer to political, economic, or religious ideas. In the US, political liberalism has largely been a strategy to diminish the impact of potential social conflict that could arise from racial inequality, economic insecurity and lack of political power. It is described to the poor and to working people as a set of progressive values, compared to conservative values.

“Neo” means we are talking about a new form of economic liberalism. The liberal school of economics was based on Adam Smith’s The Wealth of Nations, written in 1776. Smith advocated the abolition of government intervention in economic matters. No restrictions on manufacturing, no barriers to commerce, no tariffs. He said free trade was the best way for a nation’s economy to develop. Such ideas were “liberal” in the sense of no controls. This liberalism encouraged “free” enterprise,” “free” competition — which meant, free for the capitalists to make profits however they wished, using whatever means necessary.

In the 1930’s John Maynard Keynes’s theory challenged economic liberalism as the best policy for growing nations. He said that full employment was necessary for growth, and it could be achieved if governments and central banks intervened when necessary to do what they could to increase employment.

Keynes’s theories had considerable influence on FDR’s New Deal −The belief that government should advance the common good became widely accepted. But, over the last 30 years, the global corporate elite has revived economic liberalism as neoliberalism. That’s why it is “neo” or new. With the rapid globalization of our economy, we see neoliberalism flourishing on a global scale.

The main ideas of neoliberalism include:

1. The Supremacy of the Market: Liberating private enterprise from any bonds imposed by the government. Greater openness to international trade and investment, as in NAFTA, or the coming Trans Pacific Partnership (TPP). Lower wages by de-unionizing workers. In all, total freedom of movement for capital, goods and services. It’s St. Ronnie’s “supply-side” and “trickle-down” economics − but somehow the wealth never trickles down.
2. Cutting Non-Military Public Expenditures: Reducing the safety net for the poor, reducing expenditures on public education, social services and welfare. Disinvesting in infrastructure (roads, airports, ports, the Internet) in the name of reducing government’s role.
3. Deregulation: Reducing government’s role in regulation of anything that could diminish profits, including protecting the environment and job safety.
4. Privatization: Selling state-owned enterprises, the commons, and provision of some services to private investors. This could include prisons, railroads, toll highways, electricity, schools, and even fresh water. Although usually promoted in the name of greater efficiency, privatization has mainly had the effect of making the public pay more for its services, while concentrating more wealth in fewer hands.
5. Eliminating the Concept of “The Public Good”: The “public good” is usually an application of a collective ethical notion of “the greater good” in political decision-making. Eliminating it pressures the poorest people in a society to find their own solutions to their lack of health care, education and social security by themselves — then blaming them, if they fail, as “lazy.”

In the US, neoliberalism is working to:

• Weaken social service programs by reducing benefits
• Attack the rights of labor (including immigrant workers)
• Cut back taxes to “starve the beast” of government
• Weaken the political power of the poor and lower middle class

The Republican “Contract” with America in 1994 was pure neoliberalism. Its supporters were attempting to move their agenda by saying it would “get government off our backs.” It worked. From Reagan in the 1980’s through Obama today, the neoliberal agenda has been strengthened. Banks, Big Oil, and the top .01% call the shots.

Neoliberalism and its buddy riding shotgun, neo-conservatism, are designed to assist large, mostly American corporations to harvest the wealth of our nation and that of others, and hide it in tax havens. For the vast majority, neoliberalism has brought lesser financial security, more debt, more underemployment and a smaller voice in government.

So, its neoliberals, not liberals, in those limousines.

Monday Wake Up Call – November 17, 2014

Today’s Monday Wake Up is for the Democratic Party. Trevor LaFauci at The People’s View compared Democrats to a bad first date:

They’re like a bad first date: They know what they want to say, they know they have a lot going for them but when it comes time to talk about themselves they do it meekly and awkwardly, so much so that the other person just assumes this person doesn’t have a lot going for them.

What’s worse is the Democrats try hard not to suck at funds-raising. The Wrongologist’s in-box is crammed with pleas by Democrats for more money, even after the Tuesday That Shall Not Be Named disaster.

As Seth Godin says:

I Need You. Three magic words. They light up our brain, they grab our attention, and they initiate action. But they’re being corrupted by the ease of reach and the desire by some organizations to grow at all costs… Political fundraisers have turned this from an art to a science to an endless whine.

A loyal reader of the Wrongologist, David Price, replied to an email plea for more money from Debbie Wasserman Schultz, Chair of the Democratic National Committee, saying that more money wasn’t the answer for Democrats:

Running away from the progressive agenda may have seemed like smart politics, but it turned out to (1) make once attractive candidates look like phonies, (2) make our party seem apologetic for its accomplishments and ashamed of its ambitions, (3) demoralize those progressives who have traditionally identified the Democratic Party as the most effective vehicle for their hopes and (4) arguably have been bad politics after all, even in the shortest-run, most pragmatic, down-and-dirty sense.

Sunday Cartoon Blogging – November 16, 2014

The Wrongologist is reading Jay Winik’s April 1865: The Month That Saved America. It is about the end game in our Civil War. Winik describes how Lincoln, Lee and Grant actively decided to save America from the terrible fate that has befallen other countries afflicted by Civil War – countries like Bosnia, or Northern Ireland. Winik also reminds us of how old and durable the political split in this country has been.

And how breathtakingly vehement. And our current bitterness is consistent with our past bitterness. The names change, the parties re-configure, the particular issues in contention vary. And if you think you’ve seen the worst of it, well, read some history. They say it tends to repeat:

They say you have a mandate:

Keystone Pipeline looks like it will pass:

We either did, or did not, get an emissions deal with China:

Throughout his campaign for reelection, Kentucky Sen. Mitch McConnell said it would be foolhardy to raise carbon dioxide emissions standards on American companies as long as China was sticking to business as usual. But now that China has agreed to take a big step away from using coal as its primary fuel source, McConnell still wants to fight implementation of the new agreement.

Then there is the collegiality shown by Mr. Boehner:

Who will work with Obama first?

Monday Wake Up Call –November 10, 2014

OK, we just had our bi-annual vote to rearrange the deck chairs, and boy, people were angry. But what good will come of it is difficult to guess. This we do know: According to a CNN exit poll, 8 in 10 Americans disapprove of how Congress has been handling its job, while almost 6 in 10 are displeased with President Obama; 44% have a positive view of Democrats; 40% have a positive view of Republicans.

So, Americans elected the party they like the least to run the part of the government they trust the least.

There’s a lot of discussion of how and why Democrats did so badly, and much of it focuses on messaging. The litany of excuses is long: Democratic candidates were arrogant. The White House failed to transfer money, or stump effectively. The GOP caught up in the technology race, or the GOP recruited excellent, disciplined candidates.

Democrats ran on everything but?policy. Did the Democrats run the government well? Are the lives of voters better? Are Democrats as a political party credible when they say they’ll do something?

Their message was based on a group of poll-tested ideas that they thought would appeal to mainstream voters. But, the message, “vote for us, we’re not right-wing fanatics” didn’t cause the majority of us to turn out for the election. In fact, turn out was the lowest it had been in 40 years.

Liberal ballot propositions won in various parts of the country last Tuesday, from marijuana products (like https://www.cheapbudcanada.com/marijuana-products/vape-pens/fatboyz-disposable-thc-vape-pen/, for instance) to the minimum wage. Democrats didn’t. That should tell the Democratic Party something. Liberal policies can resonate with the public. It would be nice if there was a party which could embody and fight for those ideas.

So what would be a winning message? The economy. There’s infrastructure work to be done. The private sector could hire people to do it with government money. There are hungry people who need to be fed, and homeless people to be housed. And, ending our adventures in the Middle East would improve our lives.

“Vote for us, we bring peace, prosperity, and weed” – that slogan just might get you somewhere.

Keeping with the spirit of a new politics, here is your wake-up tune of the day. It is “Uprising” by Muse, released in 2009. So get upright and rock out:

Sample lyrics:
Rise up and take the power back
It’s time the fat cats had a heart attack
You know that their time’s coming to an end
We have to unify and watch our flag ascend
(so come on)

They will not force us
They will stop degrading us
They will not control us
We will be victorious

Here is your breakfast buffet of linkage:
Connecticut’s Democratic Governor was reelected, running as a progressive: It was close, but Dan Molloy won bigger this time against the same conservative opponent.

A case for treating health care and hospitals as utilities: Conservatives have won the battle to eliminate much of the government control in quasi-monopolistic markets like telecom and electric power. You be the judge about whether you are better off with de-regulation of those industries. Health care is a de facto monopoly, should it be treated as a utility?

Wikipedia is the sixth most popular website in the world, with 22.5 million contributors and 736 million edits in English. It’s as if the entire population of Australia (23.6 million) each contributed 30 times. 36 people run Wikipedia. Who are they?

Transparent solar panels could make solar power more competitive. CSEM, a Swiss technology company, have developed solar panels that you can see through and have no visible connections, which gives architects a lot of room to incorporate solar power into the walls of buildings without having to give up any aesthetic goals.

How often should you get dental x-rays? Dentists differ.

Many people believe that medical malpractice reform is the key to cutting cost from the health care system. But evidence shows that belief could be mistaken. However, if you have been affected by medical negligence, you’ll want to consider your options. Some people contact the hospital directly to complain about the medical professional who failed to take suitable care of them. A better alternative to this idea is actually to contact a personal injury lincoln ne service, or a lawyer more local to you. Seeking legal assistance can help you to strengthen your claim against the staff member in question.

The US currently has 30 declared presidential states of emergency. The University of Michigan explains why this is a bad idea. The National Emergencies Act requires the Congress to vote every six months on whether a declared national emergency should continue, Congress has done this only once in the nearly 40-year history of the Act.

Protect us from the media: CNBC’s “Squawk Box” anchor (Joe Kernan) shows complete ignorance of Ireland while talking to Martin Shanahan, head of the Irish Industrial Development Authority. Then he insists he is correct:
CNBC: You have pounds anyway don’t you still?
Shanahan: We have Euros.
CNBC: You have Euros in Ireland?
Shanahan: Yes. We have euros, which is eh…
CNBC: Why do you have euros in Ireland?
Shanahan: A strong recovery….
CNBC: Why do you use euros in Ireland?
Shanahan: Why wouldn’t we have euros in Ireland?
CNBC: Huh. I’d use the pound.
Shanahan: We use euro.
CNBC: What about Scotland? I was using Scottish eh…
Shanahan: They use Sterling.
CNBC: They use Sterling?
Shanahan: They use Sterling. But we use euro.
CNBC: What? Why would you do that?

And some of you use CNBC for investment advice!

Here is your thought for the week. It is from George Orwell:

The great enemy of clear language is insincerity. When there is a gap between one’s real and one’s declared aims, one turns as it were instinctively to the long words and exhausted idioms, like a cuttlefish squirting out ink. In our time, political speech and writing are largely the defense of the indefensible.

Thus political language has to consist largely of euphemisms, question-begging and sheer cloudy vagueness. Political language is designed to make lies sound truthful and murder respectable…

The Wrongologist

Geopolitics, Power and Political Economy

Category: Domestic Policy