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Sunday, September 25, 2016

President Obama unveiled his budget Wednesday, after a week when both conservatives and liberals have been pre-emptively rejecting it.

“For years, the debate in this town has raged between reducing our deficits at all costs and making the investments necessary to grow our economy,” the president said in a speech at the White House. “And this budget answers that argument, because we can do both. We can grow our economy, and shrink our deficits.”

The compromise plan isn’t a vision document as all his other budgets have been. Rather it resurrects the last “grand bargain” offer he made during the “fiscal cliff” negotiations, trading cuts to Social Security and Medicare that secure the program’s long-term future for the closing of loopholes for the rich.

The president made it clear that despite public perception otherwise, the deficit is falling. But he wants to do more.

By offering $1.8 trillion in deficit reduction, preemptively adopting concessions he says he would rather not have to make, he clearly wants to position himself as being serious about tackling the debt. By doing this he hopes to make it clear that Republicans are not willing to end any tax breaks on the rich in order to close the deficit.

With the sequester in effect, threatening as many as 750,000 jobs, and another debt limit crisis coming as soon as May, the president is hoping to preempt the standard argument that both sides are to blame for the impasse.

The responses to the budget have been sharp from both Democrats and Republicans.

Senator Elizabeth Warren (D-MA) has already sent out an email to her supporters saying that she cannot support the “Chained CPI” reform the president has adopted. “We can’t chip away at America’s middle class and break the promise we make to our seniors,” she wrote.

  • idamag

    I never thought the President would become our enemy. Maybe he thought they would turn him down and Social Security would be safe, but he has done a great disservice to the people and his party.

    • bjbstarr11

      I agree with Idamag. The President is doing us a grave disservice regarding social security. When will he realize the GOP will never work with him. In addition, instead of changing the way SS is calculated, raising the cap where we pay into this benefit should be looked at.

      • idamag

        It is only fair that the cap should be raised. Those who make that much money are going to be the ones who take the most out of social security as it is paid on the highest quarters.

    • lana ward

      And the mortgage meltdown that caused the crisis 5 years ago, Obama wants to do it again!!! He wants banks to give loans to those that probably can’t pay it back!! Just what is he thinking. Right now we are on the track to destruction, we will be on the fast track to destruction!!

      • tobyspeeks

        Ding-a-ling, what Obama wants to do with the mortgages is make sure they’re fixed rate. What happened five years ago was the banks were giving out affordable loans but with variable rates. When the banks decided they weren’t rich enough, they jacked up the interest rates which then they became unfordable (not exactly, but the gist). Both are at fault, but 90% of the blame lands in the greedy banks laps.

        • BDC_57

          I would not answer lana she or he is crazy.

        • lana ward

          Obama has launched a major push for banks to hand out mortgages to those with weak credit including some on public assistance. The banks will have to lower lending standards which is exactly what the Gov did in the 90’s. And if they don’t, they will face discrimination complaints. Doesn’t he remember what happened 5 years ago??? Why would he want a meltdown again???????

          • tobyspeeks

            Ding-a-ling, you have simple skills. We get that. So let me make it easy for you. Before Obama, banks were doing whatever they wanted. They still do, but with a few more restrictions. When GW was in office banks were handing out loans to almost anyone who asked for one. Now, currently, 2013, banks can still take on risky loans, but they have to lay out all the rules before anyone signs anything. Not ideal, but it’s better than before when banks could lure you in with their deceptive advertisement and then change the details after you’ve signed on the dotted line.

            I know you won’t get it, you’re one of those paid bots.

          • lana ward

            Obama must be pretty simple, we are worse off now than 5 years ago. The banks don’t want to give these loans, Obama is making them. Why would he want to take a chance on the start of another meltdown, he hasn’t gotten us out of this one yet!!

          • idamag

            As soon as the banks were deregulated, they had the Glass0Stegal act repealed by their representatives in Congress. Before that, banks could not use depositors’ money to speculate with. When we wanted to buy a home, the bank sat down with us and showed us the percentage of our income that would go for payments. They explained we could not afford the house we wanted. They stopped doing that and gave loans to everyone without counsel. Then they sold these poor uninformed open ended contracts. This meant their payments would increase. Then they were making bets on who would default and who wouldn’t. When the payments shot up and interest rates went down, many homeowners went to the bank and tried to refinance at lower interest rates and they were turned down. We should never had let them get too big to fail.

  • Democrats will be unnecessarily affected in future elections as a result of President Obama’s naivete. The GOP will use the Social Security proposed savings as a weapon against Democrats, with great effect in the powerful senior citizen community, while at the same time highlighting the alleged savings as proof of Democrats not being committed to deficit reduction in speeches to the party faithful. This is a win/win for the GOP, and a horrible blow to Democrats who had a good chance of getting control of the House in 2014 and winning by a landslide in 2016.

    • BDC_57

      You are right I know why he did it so he could end the grid lock the republicans started.

      • mike

        Grid lock is in the eyes of the beholder. When I see the left mad as hell about entitlements on the table, I wonder where their head are. SS, Medicare are unsustainable at present rate-go read the TRUSTEE REPORT. Republicans are trying to protect future generations but the left has tunnel vision and can’t see the lack of changes now will be hard ON EVERYONE and especially the MIDDLE CLASS, who Obama says he wants to protect.

        • tobyspeeks

          Cutting SS and Medicare is not the answer. I don’t know what is, but how is making people even poorer a good solution? This is an attempt by our government, left and right, to keep us down. There wasn’t any problem coming up with trillions of dollars for wars and bailing out big banks, both are what ruined our economy to begin with, but to find a few billion to help the little guy, the little guy who’s been paying into these programs his entire life, is totally out of the question. BS!!!

          • mike

            I wish it was just billions, it is trillions. Chained CPI is more realistic that the calculations being used. Is it fair? We are on an unsustainable path and close to real financial crises in a few years. Medicare disability will be gone by 2016 or sooner because of lower qualifications. Where are the jobs? You talk about the little guy but every time taxes are raised it is killing the little guy. The more money taken out of the private sector by taxes only slows the ability for growth. No growth No Jobs, This economy is based on growth and as long as this admin. thinks govt. can do all it will never get better. When polls show country going wrong way by 60+% govt. is not listening.

          • tobyspeeks

            Quit spending money on wars and big business. If money needs to be borrowed, loan it to the people who will spend it in our local economy? It does not take a person as smart as you to figure this out. A strong middle class means a strong economy. Some want a free ride, but the “some” who are hurting us are not the individual welfare recipients. The ones who are hurting us and have been HURTING us for no less than the last 30 years are the few rich, old white people. Obama should have bailed out the individual home owners, even the scammers, the banks would have been paid and everyone would still be in their homes. But no, the biggest scammers ever were bailed out and…. well you know the rest….

          • plc97477

            Obama had nothing to do with the bank bailout. That was one last hurrah of the bushies.

          • plc97477

            If we want to fix social security hows about we just get rid of the cap? would fix it right up.

        • ralphkr

          Well, mike, I have been seeing reports by the trustees that SS shall be insolvent within 5 years since the 1940s and right now the doom & gloom lads claim SS dead in 2033 which makes it 20 years of life left and is the longest prediction I seen for SS to survive in the last 60 years. The only way for SS to go bankrupt would be for everyone in the US to stop working. OK, I admit that another 8 years of a Bush administration could probably have accomplished that. There was no need to raise the retirement age as that could have been more than offset by not having a cap on pay subject to taxation. Raising the age for Medicare would be a wash at best because savings from the extra 30,000 seniors who would die in the 2 years that they go without health care would be more than off set by the much more expensive treatment needed by the surviving seniors. The Republicans are not trying to protect anyone except their own jobs and their wealthy backers fat wallets.

          • mike

            As to Republicans protecting jobs, etc.. Baloney!!! The dems. are afraid of this issue because this is there baby and they don’t want to admit it is falling.

            Get off the Bush Bashing!! The meltdown was on his watch not his responsibility totally, Dems are not innocent either. The change in regulations started under Clinton, Hell, Clinton 2010 said he was given wrong info(derivatives) from Robert Rubin, and Larry Summers(Obama admin.).

            Tell me how 2.8 to 1(now) workers to beneficiary is sustainable for SS. By 2035 1.9 to 1. People living longer, cost going up, all having major effects.
            In the 40’s the ration 159 to 1. There is no “locked vault”, only IOU’s that are worth ZERO. It does say guaranteed by the Fed. Govt. but doesn’t say it has the ability to pay.

          • ralphkr

            Well, Mike, if those IOU’s are worthless then I would like to point out that every bit off currency in your wallet and every dollar you have deposited in a bank is also worthless.

          • mike

            Ok one more time! It is not asset-of value- it is a liability Its only value is the good faith of the govt.. The ability of paying it back is the question. When due they will cashed in, there is not money other than what comes in taxes. So, they will have to borrow, which means more debt. Do you understand that interest paid on this IOU/bond today is paid by the Treasury from the SS extra revenues. it is paying itself.

            Tell me what the value of those nebulous dollars will be when presented.

          • ralphkr

            Those “nebulous” dollars shall have the same value as the dollars in your pocket and in your bank deposit. Do you understand that a large portion of the Federal debt is held by Federal agencies? Far more of our Federal debt is in the hands of US citizens and government agencies than held by ANY country. China has increased investment in our debt in order to boost our dollar but still has under $1.5 trillion (under 8%) with Japan close behind as the second largest foreign investor while over 67% of the national debt is held by US entities (retirement funds, banks, individual investors, federal & local gov’t, etc.)

          • mike

            So tell me, when the IOU’s come due where will the monies come from? Simple question from a simple man. Enlighten me!!!

          • ralphkr

            The money comes from the same place that it has come from for many, many decades in the US. Printing Presses.

          • mike

            I know you are being facetious and that is fine, but you are only half right. To cover those printed new crisp dollars govt, will have to borrow. There will come a point that the presses will cease.

          • ralphkr

            Why should the government have to borrow money to match the money being printed? They haven’t done that for years and, when you compare the stated amount of all US $ in the world and compare it to how much currency actually exists you shall quickly discover that virtual money exceeds real currency by nearly 3 to 1. The majority of $ only exist in accounting books in the form of loans and deposits. If every country and person in the world suddenly demanded their dollars in cash our printing presses would have to go into overdrive to meet the demand. A small example how virtual money is created: $100K in cash is deposited, the bank loans $100K on a house mortgage, another bank shows $100K being deposited by the seller, that bank loans $100K to a business, and the beat goes on. The first bank’s books show $100K deposit (liability) and a $100K loan (asset). Ditto for the second bank. The original depositor, house seller, and business each has $100K., (of course, in real life the original $100K would have also been virtual money unless the depositor was a drug dealer). A bank borrows $2 million from Feds the Feds do not sent truckloads of cash but merely make an entry in the account just as the bank makes an entry in their account but the $2 million never existed any where other than book entries.

          • mike

            My dear maven, then Bowles doesn’t know what he is talking about? Right?

          • mike

            These are IOU’s from the Fed. govt. to the Fed govt.. A great accounting game. When they are cashed in there is no form of asset to pay for them, It is only by borrowing that these IOU’s can be paid. It is just that simple.
            Erskine Bowles said at Senate Budget Committee hearing 3/2011: And I go to present that obligation(2.7 trillion) to the SS trust and it doesn’t have cash. What it has is the government IOU’s there which are as good as gold. But the government has to go out into the marketplace and borrow the money. But the government has to go out into the marketplace and borrow the money. And so it increases the national debt. NBC News.

        • Mike, Social Security has absolutely nothing to do with the deficit, borrowing, or accumulation of debt. The program depends on FICA contributions, it is solvent, and does not use money from the general funds. The only thing that needs to be done to keep it solvent for generations to come is raise the contribution cap to $200K and, perhaps, raise the early retirement age.
          The reson Congress considers it a liability. They much rather use our FICA contributions to build more F22s and another carrier group than pay seniors the benefits we earned after a lifetime of paying “premiums” for them.
          Barack Obama made a horrible mistake siding with the GOP on this issue, and future Democratic candidates will pay dearly for it.

          • idamag

            During the Bush years, it was Wall Street that wanted their greedy hands on Social Security. Social Security can be fixed. You don’t see any efforts to fix it, do you?

    • tobewan

      Sorry to differ with you Vila, but isn’t our heroic President just showing up the GOP contrariness as a party of NO? He has let America see what happens when you try to “play ball” with the GOP – instead of the balanced compromise they wanted, they turn and attack trying to make the President look bad …again… or still!
      Our President is not so naive as you think, but will yet be seen as outsmart the GOP in their childish, spoiled-rotten schemes, rants, and actions(think: temper-tantrums).
      The god of this world – money – corrupts all their motives and thinking, making MONEY more important than peoples lives and welfare, except theirs of course!
      Their Paraohistic ways will yet not go unpunished, letting all our people be freed.

      • ralphkr

        I am afraid not, tobewan, because the only thing the voters shall hear and remember by 2014 is that Democrats (Obama) tried to destroy SS & Medicare and that the Republicans saved those programs by refusing accept the Democrats’ proposal.

  • bcarreiro

    IT S SPARE THE RICH, TAX THE POOR AND FORGET OUR FUTURE. CONGRESS COULD CARE LESS ABOUT THE AVERAGE AMERICAN LONG AS THEIR POCKETS ARE STILL GROWING AND WILL EVENTUALLY KILL THIS NATION…ITS A SIGN OF THE TIMES. CAN THE REPUBLICAN PARTY ANSWER HOW KEEPING TAX BREAKS FOR ALL OF “YOU PEOPLE” HELPS THIS NATION? IS PROTECTING THE PROTECTED THE ONLY PRIMARY OBJECTIVE. GET TO THE REAL DEAL OBAMA AND GET TOUGH ON THEM. FLIP THE FUCKING SCRIPT.

    • mike

      And it is only the rep. lining their pockets? Baloney!!! When are you going to wake up, The Trustees for SS and Medicare have said changes must be made sooner rather than later. It is unsustainable as is and will be devastating for all. There is close to 60billion in unfunded liabilities. 1/3 of Medicare is paid for(and spent in the same year taxed) the other 2/3 comes from the general fund, SS has 2.6 trillion in IOU’s issued by Fed., owned by the Feds and backed by Zero Cash. When come due they will be paid by taxpayers. 62% revenues going toward entitlements and the left is upset with about CPI. Grow up and wake up. The free ride is over.
      Most important this budget is irrelevant. It is late and more of the same. Obama walked away from Boles/Simpson and he is still running. The funniest part about all of Obama’s budget starts after he leaves office.

      • ralphkr

        Well, mike, you have just proven in your post that SS is solvent for a long time to come since there is $2.6 Trillion of the trust fund in the Fed hands and only $60 Billion in unfunded liabilities. The only thing that SS has to do with the Federal budget is that they use the overage generated every year by SS to make the annual deficit appear smaller than it is. There is absolutely no need to cut SS benefits but they should remove the cap on earnings and make all pay subject to SS tax.

        By the way I do not get SS or Medicare but my pension is tied to the same calculation that is used for SS COLAs (although, from time to time my pension skips an adjustment that SS gets). Using the calculation table that generates the difference between the current calculation and the chained calculation it turns out that the change shall cost me $12,615 in 15 years. To me, that is a pretty hefty tax and comes to just a few thousand dollars less than what I paid the Feds for 2012.

        • mike

          Again, Why should the Trustees for SS, Medicare be sounding the alarm. That 2.6 trillion is worth Zero. When due the monies will come from the general operating revenues. To me 14 years is not a long time, interest earned during this period will not be sufficient to cover annual difference between benefits and tax revenues, so they will sell off these thru 2037. These bonds are not assets but liabilities. The redemption of these bonds can only come out current income, ergo, more borrowing, more debt, etc..
          Until the dems. get their heads out of the sand things will not get better. If changes are not made by 2037 benefits will be cut by 22%. I think there are several ways to save it in the long run but I don’t see Congress or Obama have the guts to do it.

          • ralphkr

            The trustees are always sounding the alarm because it is their job to look at poorest future and that is why almost every report that I have seen in the last 6 plus decades proved that SS would be bankrupt in about 5 years. The current forecast of bankruptcy in 20 years (Yes, mike, 2033 is 20 years from when the report was released and not 14 years) assumes that our economy shall remain at Bush levels or worse with high unemployment (thereby fewer people paying into SS) and that by 2033 SS shall have to start dipping into the accumulated surplus. If their “the glass is nearly empty now and no more shall be available for the next 20 years” outlook proves true then SS shall be the least of our worries.

    • DurdyDawg

      Fact is we don’t really know the pressures a president is subjected to during their term(s).. (of course you can see it in their hair after a couple years) Imagine an individual to a group demanding confrontation at every turn almost 24/7.. How many can you contend with it? How would you decide their importance? Of course the correct move would be to first listen to the voters but that doesn’t seem germane to the goings on in Washington today so you listen to your advisors, not knowing who’s controlled by lobbyists and special interest groups then the actions you take from their suggestions lie directly on your shoulders. Someone is whispering in Obama’s ears fairy tales that will continue to bite him on the ass if he doesn’t wake up. The thing is to give and take, not give and shake. Why the pubs keep rejecting the Dem’s proposals is evident thus take your issues to the voter, explain why you have failed and if it’s on the GOP then their reluctance can not be constant when half the population demands compromise on important matters.. What’s most important today? Why, employment which will help the economy because of it, not gun control.. Not gay rights but putting this nation back to work. Address this THEN debate the other issues. Right now we think Obama has failed us.. has betrayed us but what’s going on in the background to cause this alleged betrayal we don’t know but you can bet the pubs and dems know and neither are talking. Had we elected a pub our problem’s would still be what they are today (maybe even worse). What can we do about it? Right now we the people need to create another major party that will have equal clout and power as the other two.. Having a choice of two is like choosing only black or white.. choosing a lesser of two evils.. Voting right or wrong (where every election since Ike has proven to be wrong by the whiners who seem to come out of the woodwork like roaches). We need a strong alternative.. A party that we can identify with, that truly has our interests at heart. We need to shake up these two establishments and let them know we will no longer play their tiresome game of lesser evil. For now, Obama is in a tight place.. If he’s offered this to prove beyond a doubt that the pubs aren’t listening then bravo (though playing with the nation’s future is very dangerous) but if he’s turning against us just to prove a point in his own interests and the pubs bite, then his presidency will go down dirty and set the stage for the reluctance in voting of another minority for decades to come. He’ll never receive the popularity of even the most dreaded of leaders and may become the only modern leader who will not have a library named after him (or any building for that matter).. Even Dubya was presented with a spanking new library named after him (see insert). I’d feel sorry for Obama if it wasn’t for the fact that he’s playing with every average American’s retirement future in this country.. Privatized investment? Good idea until they decide to fold and take their profits to a country safe from prosecution (it’s happened before).l

      • ObozoMustGo

        Yo! What up Dawg? Long time no chat. I dont have as much time these days to rile up the leftist freak hornet’s nest like I want to. Regarding your post, I’ve been saying the same thing for a while. I think most of us Americans are “live and let live” libertarians (small L intended) while the 2 parties have basically coalesced into a hodgepodge of big government control freaks who have ZERO real concern for anything other than growing power and reelection. They sure as hell don’t give a damn about your Constitutional rights or about your financial future. That’s evident in their profligate and outrageous spending year after year after year. Instead, they continue to sell the lie that if only you give them more of your money and let go of just a few more of your liberties, everything will be solved. It must come to an end and those of us like you and I, people from the conservative side of the aisle and the liberal side of the aisle MUST recognize that we have been being played like pieces on a chessboard, pitted against one another over minor issues, all the while we are being fleeced by the ruling political class in both parties. Read the post I put up yesterday about the “Curley Effect”. It explains a lot.

        BTW… looks like Bush and Obozo have the same library architects. See picture below.

        Gotta run. Have a great day and nice weekend, Dawg!

        “The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.” – H.L. Mencken

      • Mark Forsyth

        That’s a real fancy outhouse,nice place to take a dump.

  • David Turrentine

    A good compromise does not make everyone happy, but makes everyone angry. Apparently the president has found the groounds for a compromise, but the Republicans will not ever accept it because they are upset at playing government with a “n****r” in the sandbox with them.

  • Budjob

    The Democrats had better make Goddamn sure they nominate a real Democrat in 2016!!!

  • Bill

    I can’t support the President when it comes to damaging Social Security, I find it hard to believe he is ready to through seniors under the bus to try to get something from the far right, he should know by now that all that will happen is the middle class and the poor will end up paying the tab again.

  • browninghipower

    Watching Chris Matthews last night made my blood boil. He was so fucking insulting to Liberals…still equating them to the Hippies of the 60s and gleefully tossing them and their opposition to Obama’s budget under the bus. He was so condescending I couldn’t believe it. And this is the guy who loves to talk about his humble beginnings. I wanted to ask him just how much he was ‘suffering’; just how much HE was going to have to pay with this budget? Not a fucking thing, I imagine. And then here comes Jon Alter preaching the drizzly shit of ‘Don’t let the perfect be the enemy of the good’. Oh really? How’s that Obamacare working out now that the Administration has once again caved by pushing back the most important provisions another 2 years? Hmmmmm? These appeasers are just horrific. I realize that I despise Obama’s enemies on the right, but he makes it hard to respect him when he caves and then is so arrogant towards the left. I mean, has he had dinner with the Congressional Progressive Caucus? Has he even bothered to acknowledge their Budget proposals if he’s so goddamned willing to ‘look at all sides’? Not that I’m aware of. He and Axelrod and Rendell and all the other DLC’rs are so busy slobbering to look like the ‘adults’ in the room, that they’ve lost sight of what it is to be a true Democrat and fight for the people who got them back into the White House. Obama’s legacy will be forever tarnished. My late wife long ago saw through him as little more than an shallow spineless opportunist. I disagreed with her back then. I think she was very perceptive.

  • ObozoMustGo

    Jason Sattler, just another useful idiot in the long line of useful idiots working for the Obozo propaganda machine. Many of us proper minded Americans have always wondered why many of you on the left are so stupid that you do not recognize the sheer folly of your fanatical belief in the fantasy of a socialist utopia. As it turns out, 2 Harvard scholars have developed a theory called “The Curley Effect.” This explains why you dummies on the left in destitute disasterlands called America’s cities continue to elect the same scheisters that have destroyed your civil societies year after year. And you are all diligently working to spread that misery to the rest of America. Obozo is but a symptom of your disease.

    Below is a wonderful summary of this concept written by the great David Horowitz:

    In a famous 2002 article in the Journal of Law, Economics, & Organization, Harvard scholars Edward Glaeser and Andrei Shleifer named the so-called “Curley Effect” after its prototype, James Michael Curley, who served four (non-consecutive) terms as mayor of Boston between 1914 and 1950. This phenomenon, the authors explain, is the strategy of “increasing the relative size of one’s political base through distortionary, wealth-reducing policies.” Forbes magazine puts it this way: “A politician or a political party can achieve long-term dominance by tipping the balance of votes in their direction through the implementation of policies that strangle and stifle economic growth. Counterintuitively, making a city poorer leads to political success for the engineers of that
    impoverishment.”

    This typically occurs when Democratic political leaders adopt policies that redistribute wealth from the prosperous to the poor, causing the latter to become economically dependent upon their political patrons, and thus to become a permanently pro-Democrat voting bloc. At the same time, these redistributive policies cause the people harmed by them (i.e., those from whom wealth is extracted) to emigrate to other cities, states, and even countries, thereby further solidifying the political power of Curleyist practitioners.

    Curleyists commonly try to gain popular support for their agendas by engaging in incendiary class-warfare rhetoric that demonizes wealthy people as exploiters of the poor. This serves to distract voters from the fact that redistributive left-wing policies may actually be responsible for the declining economic and social conditions around them, while portraying the wealthy as scapegoats upon whom all the grievances of the “underprivileged” may be heaped.

    Consequently, the beneficiaries of Curleyist redistributionism invariably become unable to perceive the connection between left-wing policies and their negative consequences. Instead, they view Democrats as the noble, last line of defense that stands between them and total destitution. As a result, their loyalty to Democrats persists, undiminished, regardless of how badly conditions may get — chiefly because they interpret the failures of leftist policies as evidence that those policies simply did not go far enough, probably
    as a result of conservative obstructionism. Thus do residents of Democrat-controlled cesspools of poverty and crime continue, in perpetuity, to elect Democrats to political office.

    For example, it is well documented that virtually all of America’s poorest cities have been led politically by Democrats for many years, even decades. In 2010, the ten poorest U.S. cities with a population of 250,000 or more were: Detroit, Buffalo, Cincinnati, Cleveland, Miami, St. Louis, El Paso, Milwaukee, Philadelphia, and Newark. All of these cities had poverty rates between 24% and 32%, and none had elected a Republican mayor since the 1980s. In fact, 8 of the 10 cities had been led by Democrats for more than half a century.

    Similarly, as of 2011 the ten most dangerous cities in America (in terms of violent crime) were Flint, Detroit, Saint Louis, New Haven, Memphis, Oakland, Little Rock, Baltimore, Rockford, and Stockton. All ten have been strongholds of Democratic mayors for many years.

    Glaeser and Shleifer summarize their “Curley Effect” thesis as follows:

    “It is generally thought in economics [that] [g]ood policies bring in resources and voters; bad ones keep them out. With the Curley effect, this result is reversed. When politicians seeking to stay in power use distortionary policies to force out their political opponents, [it] renders bad policies more, rather than less, attractive. The Curley effect, and more generally the economics of shaping the electorate, might thus shed light on a broad range of government policies that appear too bad to be true from alternative perspectives. ”
    ————————————————-

    Have a nice day!

    “You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people’s initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves.” – Abraham Lincoln

    • Mark Forsyth

      So how do you explain the gop addiction for and dependence on Big Money.It’s so bad that they are still trolling for dollars in the ranks of dimwitted fundamentalists.

      • ObozoMustGo

        Dude, you are a stupid fool if you think Obozo and the DemonRATS are not addicted to big money. Of course they are, you moron. ALL politicians are.

        You’re obviously one of those people referred to in the research I cited as a “Curleyist”…. a moron that continues to vote for his own destruction and enslavement by the class warfare mongering leftist politicians who have fooled you into believing that someone else’s success is the reason you are not successful. Here are some facts for you to chew on:

        THE TEN POOREST CITIES

        City, State, % of People Below the Poverty Level
        1. Detroit, MI, 32.5%
        2. Buffalo, NY, 29.9%
        3. Cincinnati, OH, 27.8%
        4. Cleveland, OH, 27.0%
        5. Miami, FL, 26.9%
        5. St. Louis, MO, 26.8%
        7. El Paso, TX, 26.4%
        8. Milwaukee, WI, 26.2%
        9. Philadelphia, PA, 25.1%
        10. Newark, NJ, 24.2%

        What do the top ten cities(over 250,000) with the highest poverty rate all have in common?

        Detroit, MI (1st on the list) hasn’t elected a Republican mayor since 1961.

        Buffalo , NY (2nd) hasn’t elected a Republican mayor since 1954.

        Cincinnati , OH (3rd) hasn’t elected a Republican mayor since 1984.

        Cleveland , OH (4th) hasn’t elected a Republican mayor since 1989.

        Miami , FL (5th) has never had a Republican mayor.

        St. Louis , MO (6th) hasn’t elected a Republican mayor since 1949.

        El Paso , TX (7th) has never had a Republican mayor.

        Milwaukee , WI (8th) hasn’t elected a Republican mayor since 1908.

        Philadelphia , PA (9th) hasn’t elected a Republican mayor since 1952.

        Newark , NJ (10th) hasn’t elected a Republican mayor since 1907.

        Einstein once said, ‘The definition of insanity is doing the same thing over and over again and expecting different results.’

        It is the poor who habitually elect Democrats, yet they are still POOR! This is the Curley Effect in practice.

        Have a nice day!

        “You cannot help the poor by destroying the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage payer down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people’s initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves.” – Abraham Lincoln

        • Mark Forsyth

          I would have asked you if you were born stupid or if you practice.But you have given the proof that you are both.Your use of the word “Dude” to address someone shows how little inteligence you possess.Only a perfectly stupid person such as yourself would make pronouncements about someone they have never met.You are a mindless ridiculous little dweeb turd whose Mommy won’t give him any attention.If you had any brains you’d get arrested for smuggling shit.As for my being a moron,at least I have lived a full and successful life managing to overcome many obstacles and survived for sixty one years in spite of gop strategies designed to destroy the middle class.You would be much better served to apply yourself and see to it that you do as well as I have instead of coming on these pages and pretending that which you don’t know to begin with.You are no more significant than a pimple on a fleas ass.Shut Up and Go Make yourself Usefull to Someone,you miserable speck!!!

    • tobyspeeks

      You’re still here? Promoting false quotes and other lies? Douche, get a life outside of your mother’s basement.

  • plc97477

    I may be the only one to think this but I think Obama is very smart. He knows the budget hasn’t a chance of getting voted for by either party, but it puts the repugnics in a hard place. Do they finally let Obama win one or give up on making cuts in ss. Their racist base will be upset if they vote for it and their fiscal idiots will be upset if they don’t. Where do the repugs go from here?

  • Mikey7a

    I am just heart broken. Holding all the cards, President Obama has caved in the worst of ways. Job growth, not austerity, and NOT cutting benefits to the most helpless in our country is what was required to right the ship. I just don’t know what to think at this point. Is there nowhere to turn to feel like our voices are being heard? We have to live with family now, just to make ends meet, my wife and I. Sorry, but I am devastated.

  • howa4x

    Medicare can be cut by having big pharma stop making drugs that only prolong illness and start making ones that cure them. Right now doctors and pharma are in a conspiracy to defraud the public by making drugs that don’t really work. They have side effects that produce other illnesses. For example if you take certain high blood pressure medications you have a good chance of developing diabetes. This keeps you going back to the doctors office again and again. They will prescribe other medications to handle the side effects on the 1st one. Statins produce liver illness, and control cholesterol about as well as niacin which is part of a B vitamin. I have a best friend with state 3 cancer and look at is medical bills. It’s shocking. This is why 85% of all healthcare dollars are spent in the last year of a patients life. He is charged more in 1 month than I have spent in my life on medicine. We have to find new pathways for end of life. It is not death panels but a realistic way to help people at the end of their days instead of pumping them full of medicine that is marginally

    • Mark Forsyth

      Part of the problem is the paradigm that conventional medicine works from,they treat the symptom instead of the cause.A prime example of this is the treatment of high blood pressure.As you well know,it is a multi million dollar industry treating something that is not even a disease but they will damn sure fix you up with one that will kill you if you let them.People need to be pro-active about their health and start telling the doctors what they want and don’t want.I tried conventional treatment for hbp and cholesterol issues for thirteen years with only moderate results.For two years my levels continued to rise while the Dr. bitched at me and claimed that he would begin to treat me as a diabetic and insisted I continue with the meds though they had stopped working.I discontinued the meds last October.Since then I have begun to use natural products.My progress thus far is slow,but my levels are now decreasing without the risks of deadly side effects.More than one way to skin a cat.

      • howa4x

        Mark I served on a state health planning bd and a doctor told me in private that the only way they would accept holistic treatments is if they owned them. This is the central problem with the medical model. Illness intervention(healthcare) is a profit business and it is not there to protect the health of people, but is really there to protect the wealth of hospitals, doctors, Big Pharma execs, and the insurance industry and ultimately wall street investors. We must all take control of our own health if we ever want to control costs is this corrupt system. I congratulate you for taking steps in that direction

        • Mark Forsyth

          Thanks for the congrats,howa4x.I agree completely with your discription of the medical model.I did my research and found three effective products that work for me,AloeVera juice,Levodyn capsules,and transdermal magnesium chloride therapy.None of these are extremely expensive but trying to keep them in house on a constant basis is difficult on a limited income.Even if I find a doctor who will prescribe these products,trying to find an insurance co. that will cover the costs is a no go.I know the bastards are trying to kill me but they will need to try harder.I’ve survived much worse to reach sixtyone years and should probably been dead several times over,my lifestyle was questionable in my early days.I think the bottom line is that folks should not let medical professionals think for them these days.It seems ever increasingly to be a deadly mistake.

  • Budjob

    There are only three individuals in the halls of congress that are sincere champinions of the American working men and women.They would be Senator Bernie Sanders,Senator Lizzie Warren,and Congressman Alan Grayson.The rest of them are so full of themselves,they have a difficult time eating dinner!

    • idamag

      All three of them would make a great president.