Regrettable Compromise coming on debt ceiling

I am not happy at all with developments on this latest compromise. It appears we are not going to get true meaningful cuts to this 1.6 trillion deficit.

Geithner: Sides are moving closer on debt deal
By: Jennifer Epstein
July 18, 2011 08:51 AM EDT

Treasury Secretary Timothy Geithner said on Monday there’s progress on the debt talks and he is “absolutely” certain that President Barack Obama and congressional Republicans will be able to reach a deal to raise the ceiling ahead of the August 2 deadline.

“Despite what you hear, and this is a complicated place, Washington, people are moving closer together,” Geithner said in a morning interview on CNBC.

Though there were no meetings between the president and congressional leaders over the weekend, he stressed that there’s “a lot happening” to push both sides toward a deal.

“You’ve seen the leadership of the Republican Party, in the Senate and the House, definitively take default off the table as leverage for a deal — that’s encouraging,” Geithner said.

Geithner noted that House Speaker John Boehner (R-Ohio), House Majority Leader Eric Cantor (R-Va.), Senate Minority Leader Mitch McConnell (R-Ky.) and Senate Minority Whip Jon Kyl (R-Ariz.) have all individually said “default is not an option.”

But, he added, “It’s not enough, because we still need to find some way to make progress” and reach a deal.

Though the Treasury Department has looked for ways to stay on top of its bills beyond August 2, Geithner said there are “no other options available to give Congress more time” to raise the debt ceiling “and they understand that.” Republican leaders, he said, “are not going to play around” on this issue.

Some Republicans – particularly tea party-affiliated House members – have said that the United States could keep operating without raising the debt ceiling, but Geithner cautioned that “there’s no plausible way to run a country … for an extended period of time” without raising the credit limit.

“We’re not paying our obligations — it’s not feasible. Everybody that had my job before looked at this question and reached the same conclusion. That’s why you’ve seen the leadership of the Republican Party take that opening off the table, take default off the table.”

Geithner said there is no backup plan. “We looked to see all the feasible options” but there aren’t any, he added.

And, as he has for months, Geithner issued warnings. “If the United States of America were to default, it would be catastrophic for the American economy, for the American financial system for the average American people,” he said.

“It would be a substantial, unfair tax on all Americans, and it would bring the world economy, again, because of the critical role we play in the global economy to the edge of recession again,” he continued. “Again, it’s not an option we can consider. There’s no alternative for congress to raising the debt limit. Again, that’s why you’ve seen Republicans as well recognize that reality and take default off the table.”

Meanwhile, Geithner wouldn’t offer more details on rumors that he’s getting ready to leave his job.

“I’m not going to make any news for you on that today,” he said. “And it won’t surprise you to hear I’ll be doing this for the foreseeable future. I’ve got a lot on my plate.”

Asked if he’d be there through the end of the year, he repeated: “For the foreseeable future.”

What John Quincy Adams said concerning slavery

John Brummett in his article, “Praying for Bachmann’s America,” Arkansas News Bureau, July 18, 2011 notes:

Speaking of incredibly ridiculous things, she said in another television interview that she had been right to assert that our founding fathers fought tirelessly against slavery. She cited John Quincy Adams, a little boy and teen in revolutionary days. Again, to extend the generosity of doubt: Perhaps she simply can’t admit when she is spectacularly wrong.

If there is any doubt about John Quincy Adams being one of the most amazing patriots our country has ever seen then take a moment and view the video clip above by David Barton. John Quincy Adams was the U.S. Ambassador to Russia at age 14!!! He was living in the White House with his father in 1801.

David Barton in a fine article on what the founding fathers believed concerning slavery provided a lot of insightful quotes. John Quincy Adams asserted:

The inconsistency of the institution of domestic slavery with the principles of the Declaration of Independence was seen and lamented by all the southern patriots of the Revolution; by no one with deeper and more unalterable conviction than by the author of the Declaration himself [Jefferson]. No charge of insincerity or hypocrisy can be fairly laid to their charge. Never from their lips was heard one syllable of attempt to justify the institution of slavery. They universally considered it as a reproach fastened upon them by the unnatural step-mother country [Great Britain] and they saw that before the principles of the Declaration of Independence, slavery, in common with every other mode of oppression, was destined sooner or later to be banished from the earth. Such was the undoubting conviction of Jefferson to his dying day. In the Memoir of His Life, written at the age of seventy-seven, he gave to his countrymen the solemn and emphatic warning that the day was not distant when they must hear and adopt the general emancipation of their slaves. 5

Maybe Bachmann has been reading more American history than Brummett thinks.

“Midnight in Paris” one of Woody Allen’s biggest movie hits in recent years

“Midnight in Paris” has been one of Woody Allen’s biggest hits in recent years. I can remember many Woody Allen movies coming to Little Rock and if I did not see it on the first weekend then I would not get to see it at all because it would get pulled. Here it is 8 weeks later and it is still being shown all over town. It has done over 38 million dollars and it is still in the top 10.

LARRY CROWNE Plummets, MIDNIGHT IN PARIS NOT to Become Woody Allen’s Biggest Box-Office Hit Ever

 

Box Office Shocker: ‘Midnight in Paris’ Becomes Woody Allen’s Highest-Grossing Film in 25 Years

8:52 PM 6/22/2011 by Pamela McClintock
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Midnight in Paris
 
 

Woody Allen

 

Date Title (click to view) Studio Lifetime Gross / Theaters Opening / Theaters
5/20/11 Midnight in Paris SPC $38,890,374 1,038 $599,003 6
9/22/10 You Will Meet a Tall Dark Stranger SPC $3,248,246 402 $160,103 6
6/19/09 Whatever Works SPC $5,306,706 353 $266,162 9
8/15/08 Vicky Cristina Barcelona MGM/W $23,216,709 726 $3,755,575 692
1/18/08 Cassandra’s Dream Wein. $973,018 107 $361,901 107
7/28/06 Scoop Focus $10,525,717 541 $3,046,924 538
12/28/05 Match Point DW $23,151,529 512 $398,593 8
3/18/05 Melinda and Melinda FoxS $3,826,280 302 $74,238 1
9/19/03 Anything Else DW $3,212,310 1,033 $1,673,125 1,033
5/3/02 Hollywood Ending DW $4,850,753 772 $2,017,981 765
8/24/01 The Curse of the Jade Scorpion DW $7,517,191 909 $2,459,315 903
5/19/00 Small Time Crooks DW $17,266,359 886 $3,880,723 865
12/3/99 Sweet and Lowdown SPC $4,197,015 239 $94,686 3
11/20/98 Celebrity Mira. $5,078,660 493 $1,588,013 493
12/12/97 Deconstructing Harry FL $10,686,841 445 $356,476 10
12/6/96 Everyone Says I Love You Mira. $9,759,200 276 $131,678 3
10/27/95 Mighty Aphrodite Mira. $6,468,498 278 $326,494 19
10/21/94 Bullets Over Broadway Mira. $13,383,747 278 $86,072 2
8/18/93 Manhattan Murder Mystery TriS $11,330,911 337 $2,015,360 268
9/18/92 Husbands and Wives TriS $10,555,619 868 $3,520,550 865
3/20/92 Shadows and Fog Orion $2,735,731 288 $1,111,314 288
12/25/90 Alice Orion $7,331,647 325 $36,274 3
10/13/89 Crimes and Misdemeanors Orion $18,254,702 525 $911,385 66
3/3/89 New York Stories
(Oedipus Wrecks)
BV $10,763,469 514 $432,337 12
10/14/88 Another Woman Orion $1,562,749 24 $75,196 4
12/18/87 September Orion $486,434 15 $85,731 15
1/30/87 Radio Days Orion $14,792,779 488 $1,522,423 128
2/7/86 Hannah and Her Sisters Orion $40,084,041 761 $1,265,826 54
3/1/85 The Purple Rose of Cairo Orion $10,631,333 419 $114,095 3
1/27/84 Broadway Danny Rose Orion $10,600,497 613 $953,794 109
7/15/83 Zelig WB $11,798,616 245 $60,119 6
7/16/82 A Midsummer Night’s Sex Comedy WB $9,077,269 501 $2,514,478 501
9/26/80 Stardust Memories UA $10,389,003 – $326,779 29
4/25/79 Manhattan MGM $39,946,780 – $485,734 29
8/2/78 Interiors UA $10,432,366 – n/a –
4/20/77 Annie Hall UA $38,251,425 – n/a –
6/10/75 Love and Death UA $20,123,742 – n/a –
12/17/73 Sleeper UA $18,344,729 – n/a –
8/6/72 Everything You Always Wanted to Know About Sex, But Were Afraid to Ask UA $18,016,290 – n/a –
4/28/71 Bananas UA n/a – n/a –
8/18/69 Take the Money and Run CRC n/a – n/a –
11/2/66 What’s Up, Tiger Lily? AIP n/a – n/a –

Note: Titles in grey are cameo or bit parts and not counted in totals and averages.

Colin Farrell-Jennifer Aniston’s HORRIBLE BOSSES Good, Kevin James’ ZOOKEEPER Weak: Box Office

More box-office news: John Lasseter‘s Cars 2, featuring the voice of Owen Wilson, was no. 4 on the North American box-office chart this weekend (July 8-10), with earnings of $15.2 million according to studio estimates found at Box Office Mojo.

Having grossed $148.2m to date in the US/Canada, Cars 2 will pass the $150m milestone some time this week; it’ll thus become only the eighth movie to reach that mark so far in 2011. The others are: Transformers: Dark of the Moon, The Hangover Part II, Pirates of the Caribbean: On Stranger Tides, Fast Five, Thor, Kung Fu Panda 2, and Bridesmaids. As you can see, six (including Cars 2) of those movies are sequels; one is based on a comics character; one is an original screenplay. Not one is a “straight” drama, i.e., one without super-heroes or super-effects. Yeah, now let’s start complaining about Hollywood’s lack of imagination.

Internationally, Cars 2 has collected an estimated $121.6m, opening at the top of the box-office chart in Spain and Argentina this weekend. The Disney/Pixar animated feature’s worldwide total stands at $269.8m.

At no. 5, the Cameron Diaz–Justin Timberlake–Jason Segel R-rated comedy Bad Teacher drew $9m, lifting its domestic total to $78.75m. Worldwide: $124.45m.

Adults take their time to go to the movies, we’re told. Well, obviously not the adults who were interested in watching Julia Roberts and Tom Hanks together in the poorly received Larry Crowne. The Hanks-directed comedy was down 52%, pulling in only $6.26m at no. 6. Domestic total to date: $26.52m. That’s not good even for a relatively low-budget — $30m — effort.

At no. 7, J. J. Abrams‘ Super 8 brought in $4.82m, for a domestic cume of $118.05m. It was followed by the Selena Gomez vehicle Monte Carlo, which took in $3.8m, down 49% from last weekend’s already underwhelming grosses.

After 10 days, the romantic comedy Monte Carlo has grossed a paltry $16.12m in North America. As in the case of Larry Crowne, that’s bad even for a movie that cost only $20m — especially considering that Monte Carlo, marketed to teenagers and young women, is no heavy drama. Without special effects and action scenes, dramas usually have a harder time at the domestic box office, as was the case with the Robert Pattinson vehicle Remember Me last year, which ended its North American run with a modest $19m. (Somewhat ironically, Pattinson’s Water for Elephants is the top drama on the domestic chart this year.)

Rounding out the twelve this weekend were:

And definitely not: Allen’s Midnight in Paris will not become the director’s biggest hit ever at the North American box office. Regardless of the inevitable studio hype, it would be downright stupid not to consider that $40m in 2011 is a lot less than $40m in 1986, the year Hannah and Her Sisters came out. More on the inflation-adjusted performances of Woody Allen movies.

 

Things seem just a little bit different as Midnight in Paris, Woody Allen’s 41st feature and his first shot entirely in the eponymous City of Light, gets started. The staple jazz-tinged opening credits are interrupted for an extended sequence of lovely but not-quite-postcard-ready images of the streets, waterways, and monuments of Paris and, when the credits resume, the jazz has subsided and we hear two distinctly American voices bickering. “You’re in love with a fantasy,” says a female voice that ends up belonging to the radiant yet odiously over-privileged Inez (Rachel McAdams), who looks out on a pond that may have inspired Monet. “I’m in love with you,” calls back her fiancé, Gil (Owen Wilson), a successful screenwriter and aspiring novelist who dreams of walking the tight corridors of the famed city in the rain.

Blind nostalgia is Gil’s drug of choice, and despite being on vacation with his soon-to-be wife’s parents (Kurt Fuller and Mimi Kennedy, beautifully cast), the studio-approved scripter is covertly considering a post-nuptials move to France. To Inez, Gil is merely swept up in the romanticism of the city and she refuses him even the most minor of indulgences, even openly scolding him when he disagrees or even slightly disturbs Paul (Michael Sheen), an old friend, traveling professor, and unerringly obnoxious intellectual. When Paul offers to take Inez dancing, Gil takes the chance to walk the streets under cover of night, ending up at the steps of a cathedral as the grand bells strike midnight and a car full of drunken Parisians pulls up in a decidedly anachronistic automobile. Already a few glasses of wine in, Gil obliges them and is immediately flung back into the heyday of Parisian culture, circa 1920.

Roaming around in the post-war salad days, Gil is privileged to hobnob with F. Scott and Zelda Fitzgerald (Tom Hiddleston and Alison Pill), drink with Hemingway (Corey Stoll), trade philosophies with Salvador Dali (Adrien Brody, obviously having some fun), even get a few notes on his unpublished novel from Gertrude Stein, lovingly played by Kathy Bates; Cole Porter sticks around just to sing a few bars of “Let’s Do It, Let’s Fall in Love.” In the morning, however, it all goes back to normal, prompting return trips that make Inez and her parents suspicious enough to call in a private eye. Following Gil proves impossible, allowing the soon-to-be groom to pitch to Luis Bunuel and romance Picasso’s latest muse (Marion Cotillard), who has her own romance for the late 19th century.

Gil inevitably falls for Cotillard’s wandering flapper, erupting in a confluence of fantasies at famed Maxine’s after a can-can show but Allen has not gone completely soft on us. Allen’s previous film, the severely underrated You Will Meet A Tall Dark Stranger, ended warmly on two spiritually inclined, elderly lovebirds while faux-intellectuals, atheists, misogynists, and philanderers seemingly were given their cosmic punishments. For Allen, it seemed like a grand gesture made sincerely towards a contingency that he showed little more than pity or disdain for beforehand, and Midnight in Paris continues in the vein of that film. Less schematic and thematically dialectic than a great deal of the director’s late work, Midnight in Paris eschews the pleasures of nostalgia and delusions, but also suggests that they evolve from a great internal displeasure, in this case Gil’s suspicions of Inez having an affair with Paul and not loving him all that much.

Not that Gil has been strictly devoted to Inez: When not applying his aw-shucks brand of seduction to Picasso’s mistress, he can be seen flirting with a young woman at the local bazaar (the enchanting Lea Seydoux). He even chats up a guide at the Rodin Museum, played by France’s first lady and former super model Carla Bruni. As much as Cotillard is a fantasy, Inez represents an illusion of what a grounded, successful man should seek in a wife and, by extension, in life. In other words, the fantasy Allen, who wrote his own screenplay per usual, sculpts for Gil offers the would-be novelist both a luminous escape and a mirror to lend insight into his connubial predicament, which includes entering into a family of overindulged snobs and Tea Party supporters.

Shot by the great Darius Khondji, Midnight in Paris celebrates the timeless allure of the City of Light to the cinematic image without apology but it never goes as far as to overstate that allure. The same can be said about its attitude towards cultural idols, who show up here stripped of their great artistic weight and are presented as lovefools, eccentrics, macho bullheads, and, in the case of Bates’s Stein, a sort of mother superior to the whole lot. (Indeed, the film is an ipso facto parody of the sacrosanct attitude given many biopics of heralded artists.) And Allen finds himself a strong proxy in Wilson, who hasn’t responded this well to a director since traveling to India with Wes Anderson in The Darjeeling Limited. Allen’s trip to Paris doesn’t resonate with the immense emotional complexities that Anderson’s film did but his fantastical bit of time travel brings out a startling generosity and humanity in Allen that has only been seen in glimpses recently. Fantasies are as much tied to our personal desires as they are to our sense of mortality, but if Gil’s concluding walk over a rainy bridge with a lovely young woman is any indication, some things defy even the unforgiving specter of time.

Ronald Wilson Reagan (Part 97)

https://i0.wp.com/www.reagan.utexas.edu/archives/photographs/large/c31859-4.jpg

The Reagans have tea with Prince Charles and Princess Diana in the White House residence. 11/9/85 .

I remember when I visited London in July of 1981 and the whole town was getting ready for the big royal wedding between Prince Charles and Princess Diana. Above you will see them pictured with President Reagan.

From November of 1980, here is CBS’s coverage of Election Night. Taped from WJKW-TV8, Cleveland. This is part 2 of 3.

Lee Edwards of the Heritage Foundation wrote an excellent article on Ronald Reagan and the events that transpired during the Reagan administration,  and I wanted to share it with you. Here is the tenth portion:

Even the Heritage Foundation, as good a friend of the Reagan administration as there was in Washington, concluded after one year that although headed in the right direction, the administration “should and could have accomplished more.” The foundation estimated that of two thousand recommendations made in its monumental Mandate for Leadership: Policy Management in a Conservative Administration, published in late 1980 just before Reagan took office, about 1,270 suggestions — “only” 60 percent — had been implemented or initiated. The “only” seemed gratuitous: Even the fabled Ted Williams of the Boston Red Sox would have been satisfied with a .600 batting average. But conservatives, out of power for decades, were impatient and demanding of results.

Certainly the Reagan administration achieved much in the domestic field in its first term — reducing inflation, lowering unemployment, cutting the prime interest rate in half and producing economic growth of six percent in 1983. But it did not solve all the old problems and indeed failed to even tackle some, such as the federal deficit and intrusive federal departments like Education. After chalking up a series of impressive budget victories in their first year and maintaining the policy initiative, Reagan officials, according to Heritage’s Stuart M. Butler, “appeared to lose their edge.”[xxxv]

There were several reasons for the slowdown. The federal bureaucracy, protective of its power, began to dig in and practice its well-honed delaying tactics. The Democratic opposition in Congress, led by the wily House Speaker Tip O’Neill, organized more effectively. Pragmatic Reagan aides like Jim Baker kept resisting bold initiatives. And the complicated budget process (authorization, appropriation, conference committees, etc.) allowed liberal legislators to block White House proposals and whittle away at the president’s early antispending victories. All the while, the mounting federal deficits made conservatives in Congress increasingly nervous.

Contrary to conservative hopes, Reagan was not able to cut overall government spending, which remained at roughly 22 percent of GNP during his eight years in office. But the change in priorities was significant, with defense spending increasing from 5 to 6.5 percent of GNP, thus enabling the president to deal with the Soviets from a position of strength. Even so, Heritage analysts Robert Rector and Michael Sanera pointed out, the Reagan buildup, measured in constant dollars, was “about half the size of Eisenhower’s peacetime military increases.”[xxxvi] Which suggests, ironically, that Ike himself might have been responsible, at least partially, for the creation of the “military-industrial complex” which he warned America about in his farewell address.

Still, if one examines the economic report cards of American presidents from Truman through Reagan, Reagan easily finishes first. Using the change each year in inflation, unemployment, interest rates and growth in Gross National Product, Harvard economist Robert Barro ranked Reagan number one. Among other things, Reagan engineered the largest reduction in the misery index (the total of inflation and unemployment) in history — 50 percent. In fact, sums up economist Richard B. McKenzie, the 1980s were, up to then, “the most prosperous decade in American history.”[xxxvii]

Senator Pryor asks for Spending Cut Suggestions! Here are a few!(Part 93)

 

Senator Mark Pryor wants our ideas on how to cut federal spending. Take a look at this video clip below:

Senator Pryor has asked us to send our ideas to him at cutspending@pryor.senate.gov and I have done so in the past and will continue to do so in the future.

On May 11, 2011,  I emailed to this above address and I got this email back from Senator Pryor’s office:

Please note, this is not a monitored email account. Due to the sheer volume of correspondence I receive, I ask that constituents please contact me via my website with any responses or additional concerns. If you would like a specific reply to your message, please visit http://pryor.senate.gov/contact. This system ensures that I will continue to keep Arkansas First by allowing me to better organize the thousands of emails I get from Arkansans each week and ensuring that I have all the information I need to respond to your particular communication in timely manner.  I appreciate you writing. I always welcome your input and suggestions. Please do not hesitate to contact me on any issue of concern to you in the future.

Here are a few more I just emailed to Senator Pryor myself:

Government auditors spent the past five years examining all federal programs and found that 22 percent of them—costing taxpayers a total of $123 billion annually—fail to show any positive impact on the populations they serve.

 

  • Each month, taxpayers provide $40,000worth of office space, cell phones, staff, and an SUV for former House Speaker Dennis Hastert, who currently works as a lobbyist for private corporations and foreign governments.
  • House Speaker Nancy Pelosi and her staff have charged taxpayers $101,000 for “in-flight services”—including food and liquor—during trips on Air Force jets over the last two years. Charges reportedly include “Maker’s Mark whiskey, Courvoisier cognac, Johnny Walker Red scotch, Grey Goose vodka, E&J brandy, Bailey’s Irish Crème, Bacardi Light rum, Jim Beam whiskey, Beefeater gin, Dewars scotch, Bombay Sapphire gin, Jack Daniels whiskey, and Corona beer.”
  • The Legal Services Corporation, which is supposed to provide legal services to the poor, has repeatedly ignored warnings to stop spending its money on alcohol. It also funds limousines, first-class airfare, and “death by Chocolate” pastries for its executives.
  • The Department of Energy spent nine years and $153 millionon an obsolete cyber-security project that was supposed to safeguard America’s nuclear weapons information.

Debt Ceiling Deadline August 2 is a hoax

I am upset at all the lies I hear coming out of President Obama’s mouth and below I put some facts that Nick Gillespie of Reason Magazine out there to straighten things out.

___________________________

Uploaded by on Jul 15, 2011

All anybody in Washington can talk about these days is the debt limit or debt ceiling — the total amount of money the federal government is authorized to borrow at any given time. After a decade in which spending increased by more than 60 percent in inflation-adjusted dollars and the debt limit was raised no fewer than 10 times, the government is about to max out its $14.3 trillion credit line, leading to fears that Washington is going to default on its bonds, stop cutting Social Security checks, and destroy the economy more than it already has.

But the current debate over the debt ceiling is full of malarkey for at least three reasons.

1. August 2 is a phony deadline. Treasury Secretary Timothy Geithner has pushed back the drop-dead date when the U.S. finally reaches its limit a bunch of times already: March 31, April 15, May 31 were all cited as deadlines before August 2 was inked in as Armageddon. But this time, he means it, man, really.

2. Reaching the debt limit is not the same as defaulting on our debt — which would indeed be catastrophic.

Think about it: You can max out your credit cards but as long as you keep paying the minimum amount due each month, your creditors don’t go crazy. Interest on the debt is a small fraction of total outlays and the government has a series of tools — from using cash on hand to selling assets to scrimping on nonessential payments — to make sure interest payments are made and seniors aren’t put on an all cat-food diet.

3. Legislating-by-Panic is no way to run a country. The reason we’re in this mess is because government can’t stop spending. And the government can’t even pass a budget on a year’s notice. But we’re expecting them to come up with a good plan for the country’s borrowing in a couple of weeks? Trying to force through an expansion of the country’s credit line by promising cuts in spending down the road is exactly why we’re in this situation to begin with.

It makes far more sense to do something like sell some TARP assets — the government is sitting on $320 billion in outstanding direct loans and equities investments — to cover interest payments through the end of the fiscal year then force Congress and the president to come up with a budget that cuts spending — and borrowing — for real, next year, not is some distant future.

For more information, check out Nick Gillespie’s 5 Uncomfortable Facts About the Wonderful, Horrible Debt-Limit Debate: http://reason.com/archives/2011/07/08/five-uncomfortable-facts-about

And Mercatus Center’s Jason J. Fichtner & Veronique de Rugy’s The Debt Ceiling: What is at Stake: http://mercatus.org/sites/default/files/publication/Debt%20Ceilling.deRugy.Fi…

About 2.35 minutes.

Produced by Nick Gillespie and Meredith Bragg, edited by Joshua Swain.

Go to Reason.tv for downloadable versions, and subscribe to Reason.tv’s YouTube Channel to receive automatic notifications when new material goes live.

Is President Obama willing to present real or phony cuts in debt ceiling crisis?

In the press the Republicans are getting hit over the head constantly with the popular explanation that President Obama is ready to compromise and provide real deep budget cuts. However, is that the truth? Michael Tanner exposes the real proposal by President Obama.

“The Intransigent Meet the Unserious,” by Michael D. Tanner

Democrats go hardball on tax hikes while Republicans play softball.

Last Friday, House minority leader Nancy Pelosi held a press conference to announce that House Democrats should oppose a debt-ceiling agreement that included any cuts in Medicare or Social Security. Meanwhile, over in the Senate, Sherrod Brown (D., Ohio) and Bernie Sanders (I., Vt.) announced that they would filibuster any deal that included changes to those programs, and possibly Medicaid as well.

So, of course, you saw the deluge of media stories blaming Democratic intransigence for threatening to throw the country into default. Neither did I.

Republicans have clearly drawn a line in the sand, opposing any tax increase. But Democrats have been even more unbending, resisting any serious structural reform of entitlements or deep spending cuts, while insisting on huge tax hikes as part of any deal.

Why the insistence on tax hikes? Democrats know that, according to the Congressional Budget Office, tax revenues will return to their historic average of 18 to 19 percent of GDP by the end of the decade. They know this will happen even if the Bush tax cuts are extended and the alternative minimum tax is fixed. The only reason, therefore, for tax increases would be to enable more government spending.

The president is now calling for a “big” deal that would reduce the debt by $4 tillion over ten years, while we’ll borrow more than a third of that this year.  In fact, over those ten years, we are expected to run up more than $13 trillion in new debt.

It’s also important to remember that the president is not offering $4 trillion in spending cuts. The deal he has proposed includes more than $1 trillion in tax hikes. Another $1 trillion is assumed savings on interest payments. Thus, what is really on the table is barely $2 trillion in actual spending reductions. What the president is really offering is closer to $2 in spending reductions for every $1 in tax hikes, not the 4:1 ratio reported by the media. Moreover, that is over ten years, meaning the cuts would actually be just $200 billion per year. We will pay more than that this year in interest on what we have already borrowed.

As minimal as these cuts are, they are actually even less than they appear. Most people assume that a spending cut means spending less next year than we spend this year. Then again, most people don’t understand Washington. Washington operates under “baseline budgeting,” meaning that if Congress plans to spend $2 billion more on a program than it spent this year, but only spends $1 billion more, that is a $1 billion “cut.” Thus, the $2 trillion in spending “cuts” currently being discussed would actually allow government spending to increase by $1.8 trillion.

Of course, the president also has expressed a willingness to put Medicare and Social Security on the table, despite opposition from the Democrats in Congress. But here too the proposals are far less than they appear. They would do nothing to change the structure of these programs, instead offering a grab bag of future benefit trims that may or may not ever occur, such as further squeezing reimbursements to hospitals and physicians.

So the deal that the Republicans are currently offering would actually allow federal revenue, federal spending, and the national debt all to increase over the next decade. They have abandoned structural changes to entitlement programs — anything like Paul Ryan’s Medicare reform is off the table — and appear to have dropped calls for a balanced-budget amendment or a spending cap.

This is radical? This is intransigence? If only.

Mike Huckabee’s solution to debt ceiling crisis: Let the Democrats have their way

Cut Cap Balance Debt Ceiling Republicans

On Saturday’s Huckabee Show (July 16, 2011) Mike Huckabee opened up the show with the following statement: 

The Republicans ought to put forth their plan and advance it as far as it will go and then make clear where they stand. If they can’t get the “Cut, Cap and Balance” through the Senate and the White House, then at least they have made their stand. Then it is going to be up the the President and the Democrats to put a real plan on the table. Let them propose it and support and send it to the House.The House ought to pass it, not because they like it, but to give the Democrats full ownership of their plan.The government will then operate and we will not lose our credit rating, but then the constrast is set between two very clear directions for the next eletions. Spend and tax more or “Cut, Cap and Balance”. As a Republican I would glad to run on that platform instead of spend and tax anyday. What do you think? Well you can let me know at MikeHuckabee.com

I did take Mike Huckabee’s suggestion and email my thoughts on his statement. Below is the email. 

Dear Governor Huckabee,

I have supported you since 1992 when you ran for Senator in Arkansas against Dale Bumpers. My close friends and relatives of mine have been on the street campaigning for you even to following you to Iowa in 2008 and going door to door for you. 

Since 2008 we have been tuning in to see your show every week and have been telling our friends about that. I have especially enjoyed the first part of every program where you give your take on the current political talk of the day. Occasionally I do disagree with you on some things and today I find it is one of those days. 

The problem with your suggestion that Republicans vote for the Democrat plan in the House is what I would consider an “epic cave in.” There are two reasons this would not be a good course of action.

First, Republican primary voters will hold Republicans accountable for voting to hand over our future to the Democrats. How can a Democrat or a Republican turn their back on their core beliefs just to allow the other side the opportunity to mess up? 

Second, if Republicans hold firm then the Democrats will come to deal concerning serious budget cuts. I do admit that they may instead try McConnell’s alternative where President Obama becomes basically a dictator. If that does occur then it will truly become the election issue that you talk about. That is much different than caving into what they want by voting for it.  Chris Edwards of the Cato Institute had an excellent article along these lines. 

McConnell’s Cave-In and Boehner’s Opportunity

Posted by Chris Edwards

Senate Minority Leader Mitch McConnell has offered the president a way to raise the debt ceiling by $2.5 trillion without having to cut spending. The WaPo reports that “McConnell’s strategy makes no provision for spending cuts to be enacted.”

This appears to be an epic cave-in and completely at odds with McConnell’s own pronouncements in recent months that major budget reforms must be tied to any debt-limit increase.

House Republicans should obviously reject McConnell’s surrender, and they should do what they should have done months ago. They should put together a package of $2 trillion in real spending cuts taken straight from the Obama fiscal commission report and pass it through the House tied to a debt-limit increase of $2 trillion. Then they shouldn’t budge unless the White House and/or the Senate produce their own $2 trillion packages of real spending cuts, which could be the basis of negotiating a final spending-cut deal.

For those who say that House tea party members won’t vote for a debt increase, I’d say that $2 trillion in spending cuts looks a lot better than the alternative of having Democrats and liberal Republicans doing an end-run around them with McConnell’s no-cut plan.

For those who say that House members are scared of voting for specific spending cuts, I’d say that they’ve already done it by passing the Paul Ryan budget plan. I’d also say that you can’t claim to be the party of spending cuts without voting for spending cuts.

Obama’s Fiscal Commission handed Republicans ready-made spending cuts on a silver platter—Republicans will never get better political cover for insisting on spending cuts than now.

Woody Allen’s movie “Midnight in Paris” explores “golden age fallacy” (Part 39)

Owen Wilson as Gil

Owen Wilson as Gil
I have really enjoyed going through the historical characters mentioned in Woody Allen’s latest film “Midnight in Paris,” but today I am turning my attention to the “golden age fallacy” that is brought up in the film.
 
Gil is a victim of “golden age thinking” according to Paul. Basically when you get down to it, Gil is in denial according to Paul. The hard reality of the cold heartless universe and the realities of the present seem to be swept away if you can imagine yourself happier in another golden age.
 
Woody Allen has made it clear in the past that he does not believe that God exists. However, he continues to probe issues in his films dealing with finding a lasting meaning to life.
 
King Solomon sat down at the end of his life and wrote the Book of Ecclesiastes. Woody Allen has also touched on the same issues that Solomon discussed so many years ago. Remember that Woody Allen is looking at the world through the eyes of an atheist.
 
The Christian Scholar Ravi Zacharias noted, “The key to understanding the Book of Ecclesiastes is the term UNDER THE SUN — What that literally means is you lock God out of a closed system and you are left with only this world of Time plus Chance plus matter.” This is the same way that Woody Allen is choosing to view the world today!!
 
Solomon’s father David had expanded Israel and as a result Solomon had lots of resources, and he found himself searching for the meaning of life and trying to come up with answers concerning death and a possible afterlife.  However, it seems every door he tries to open is locked. Solomon found riches (Ecclesiastes 2:8-11), pleasure (2:1), education (2:3), fame (2:9), and his work (2:4) all “meaningless” and “vanity” and “a chasing of the wind.” None of those were able to “fill the God-sized vacuum in his heart” (quote from famous mathematician and philosopher Blaise Pascal). Solomon finally concluded in Ecclesiastes that he should “Fear God and keep his commandments, for this is the whole duty of man” (12:13).
 
All of his accomplishments would not be remembered (1:11) and who is to say that they had not already been done before by others (1:10)? Also the prospect of Solomon’s upcoming death would wipe out all of accomplishments anyway. Solomon observed, “For the wise man, like the fool, will not be long remembered; in days to come both will be forgotten. Like the fool, the wise man too must die” (2:16). This is where Woody Allen’s story must begin. A while back in an interview Allen said, “My 70 plus years will be spent better than those of a beggar on the streets of Calcutta. But we’ll wind up in the same place” (Washington Post, July 26, 2006).
 
Woody Allen has won Academy awards for his comedies. Chuck Colson has noted that Woody Allen’s films do not celebrate life, but apparently divert Allen from its emptiness and despair. “It’s just an awful thing,” Allen says, “and in that context you’ve got to find an answer to the question: Why go on?” At best, all Allen has ever found is a temporary answer: You go on long enough to get the current project finished, and then you go on to the next one. But at bottom, there’s no significance to any of it.
 
As Allen confesses, movies were only a “means” for him to live the kind of lifestyle he wanted, but now that he has it, he has to keep making movies to distract himself from it. Like the writer of Ecclesiastes, who “withheld not [his] heart from any joy,” Woody Allen apparently has concluded that “all is vanity.”
 
This is the same result that Solomon got in his search for answers in  the Book of Ecclesiastes in the Old Testament. Solomon also dealt the subject of death a lot. Ecclesiastes 7:2-4 asserts, “It is better to spend your time at funerals than at festivals. For you are going to die, and you should think about it while there is still time. Sorrow is better than laughter, it may sadden your face, but it sharpens your understanding.”
 
Solomon went to the extreme in his searching in the Book of Ecclesiastes for answers, but all his answers did not bring lasting satisfaction and in fact they all turned to dust over time because both people and animals alike “go to the same place — they came from dust and they return to dust” (3:20).In 1978 I heard the song “Dust in the Wind” by Kansas when it rose to #6 on the charts. That song told me that Kerry Livgren the writer of that song and a member of Kansas had come to the same conclusion that Solomon had. I remember mentioning to my friends at church that we may soon see some members of Kansas become Christians because their search for the meaning of life had obviously come up empty even though they had risen from being an unknown band to the top of the music business and had all the wealth and fame that came with that. Furthermore, like Solomon, they realized death comes to everyone and there must be something more.Livgren wrote:”All we do, crumbles to the ground though we refuse to see, Dust in the Wind, All we are is dust in the wind, Don’t hang on, Nothing lasts forever but the Earth and Sky, It slips away, And all your money won’t another minute buy.”

Both Kerry Livgren and Dave Hope of Kansas became Christians eventually. Kerry Livgren first tried Eastern Religions and Dave Hope had to come out of a heavy drug addiction. I was shocked and elated to see their personal testimony on The 700 Club in 1981 and that same interview can be seen on youtube today. Livgren lives in Topeka, Kansas today where he teaches “Diggers,” a Sunday school class at Topeka Bible Church. Hope is the head of Worship, Evangelism and Outreach at Immanuel Anglican Church in Destin, Florida.

(part 1 ten minutes)

(part 2 ten minutes)

 
On the other hand David Segal of the Washington Post concluded that Woody Allen’s world “…is bereft of meaning, so godless and absurd, that the only proper response is to curl up on a sofa and howl for your mommy. Alternatively, you could try the Allen approach, which is to make a feature film every year and try, however briefly, to distract yourself from the darkness.” This is in contrast to Solomon’s conclusion that he should “Fear God and keep his commandments, for this is the whole duty of man” (12:13).
 
 
 
 
Woody Allen’s whimsical valentine to the City of Light may be his most enjoyable film in years.
Steven D. Greydanus | posted 6/24/2011 04:55AM

Returning from a trip to Paris sometime in the mid-20th century, a federal judge named Frank A. Picard told a friend named Charley Manes, “It was a wonderful trip. Paris is a grand place. But I wish I had made the trip 20 years ago.”

“You mean, when Paris was Paris?” Manes asked.

“No,” Picard replied, perhaps wistfully. “I mean when Picard was Picard.”

When Paris was Paris. When Picard was Picard. Ah, the old days. It seems the present is always overshadowed by a remembrance of lost or faded glory, some golden age before which present realities are poor and unsatisfactory substitutes.

Woody Allen fans know it well. Sure, they’ll admit, Allen cranks out a lot of unmemorable and even poor work nowadays—ah, but they remember when Allen was Allen. Every once in a while, perhaps, he comes out with a film that shows them he remembers, too.

Midnight in Paris is such a film. It’s a nostalgic movie about nostalgia—nostalgia for when Paris was Paris, for one thing. Even if you’ve never been to the City of Light, even if phrases like “the Lost Generation” and “la Belle Époque” hold for you none of the magic they do for Allen, the film makes you feel their power for his onscreen alter ego, appealingly played by Owen Wilson. For that matter, even if you aren’t an Allen fan—even if you aren’t convinced Allen was ever Allen—Midnight in Paris could almost make you nostalgic for the Allen that fans remember, or seem to.

Which Allen, though? There are almost as many Woody Allens as there are Allen films, but Midnight in Paris is a frothy, whimsical confection that harks back to fantasies like The Purple Rose of Cairo and Zelig—but in a sunnier, more relaxed mode, as if even Allen’s bleak anxieties soften when night falls on the City of Light. The universe may be a cold, violent, meaningless place, Gil Pender (Wilson) muses—and yet there is Paris.

Credit the star, in part, whose distinctly non-East Coast persona caused Allen to rethink and rewrite his main character after Wilson was cast. As Gil, a Hollywood screenwriting hack (by his own admission) yearning to write a serious novel, Wilson is still recognizably “the Woody Allen character,” like many Allen protagonists before him, but with his laid-back charm and unaffected enthusiasm he’s a more likable than usual version, with fewer anxieties and more naiveté.

Gil, visiting Paris with his fiancée Inez (Rachel McAdams) and her chilly, well-to-do parents (Kurt Fuller and Mimi Kennedy), is overwhelmed with the romance of the city (beautifully photographed by Darius Khondji) that he feels and they don’t. “To know that Paris exists and anyone would choose to live anywhere else is a mystery to me,” he muses, but even living in Paris wouldn’t be enough for him. “I was born at the wrong time, into the wrong era,” he complains. For him, “when Paris was Paris” means the days of expatriate writers and artists like Ernest Hemingway and F. Scott Fitzgerald; of Cole Porter and Josephine Baker; of Picasso, Dalí and Buñuel.

“All that’s missing is the tuberculosis,” sniggers Paul (Michael Sheen), an insufferable, preening academic whom Gil regards with the same testy unease that Allen did with Alan Alda in Crimes and Misdemeanors. Inez, though, fawns over Paul’s erudition, and isn’t embarrassed for Gil when Paul says things like “Gil’s lament is nothing more than golden age thinking,” as if he were diagnosing a case of psoriasis instead of cutting off a man’s soul at the knees, if souls have knees.

Lea Seydoux as Gabrielle

Lea Seydoux as Gabrielle

It’s a typically suffocating, Allenesque setup—but then, as unexpected as a delicious breeze on the muggiest urban summer night, a door opens for Gil. Where does it take him? It’s not in the trailer, and even the cryptic end credits coyly avoid spoilers, but most reviews have no qualms about mentioning it, and it’s probably not hard to guess.

At any rate, for Gil Paris comes alive at midnight. He gains admittance to a wonderful world of music and dancing, meets fascinating people and participates in exhilarating conversation. He is delighted when a no-nonsense writer named Gert (Kathy Bates) offers to look at his novel. Then he meets a lovely woman named Adriana (Marion Cotillard) who intrigues him despite, or perhaps because of, her complicated romantic history.

Kurt Fuller as John, Mimi Kennedy as Helen

Kurt Fuller as John, Mimi Kennedy as Helen

Midnight in Paris is about the allure of the past, of times and places that loom large in our imagination, when it seems things were more than what they are. It’s also about the illusion of perspective: the past looks romantic to us from our vantage point, and if we went there we might contrive to bring that perspective with us, although to the people actually living then, the past was simply the present. Or one could look further back to other golden ages.

Are golden ages golden while you are living through them? Time and memory sift the past, retaining what is golden and sweet while leaving the chaff behind. In our own day, perhaps, we are more conscious of the chaff, while the good wheat remains half-hidden, not fully appreciated in its day. Time will reveal it more fully to our children.

Or perhaps the past shines as it does because for us, like Picard, the past is bathed in the rosy glow of our own remembered youth (or, if we are young ourselves, that of the glowing memories and anecdotes of our elders). But was our youth itself as rosy as we remember? Is it all just a trick of perspective, the way ordinary surroundings become the mysterious horizon when you get far enough away?

Where is it all going? What’s remarkable about Midnight in Paris is that in the end it’s about seeing through the illusion of nostalgia and yet not being disillusioned—about cherishing the past, while living in the present.

Director Woody Allen on the set with Wilson

Director Woody Allen on the set with Wilson

Tolkien wrote about how fantasy can reveal rather than obscure reality: “By the forging of Gram cold iron was revealed; by the making of Pegasus horses were ennobled; in the Trees of the Sun and the Moon root and stock, flower and fruit are manifested in glory.”

That’s a speech the nihilistic Allen would choke on. Yet in this film he allows a character to claim that “the job of the artist is not to succumb to despair, but to find an antidote for the emptiness of existence.” Even that cautious sentiment is probably more than Allen himself believes deep down (certainly his work as a whole hardly seems to reflect such a philosophy). Still, in Midnight in Paris he seems willing to allow the audience, and perhaps even himself, the luxury of hope.

Talk About It
Discussion starters

  1. Have you ever wished you could live in another time and place? When? Or where? (Or both?) Why are you attracted to that? How does that time and place compare to the world of today—for better and for worse?
  2. Do you think the world is changing for the worse or for the better? Or is it staying the same? What are some ways the world has changed in the last 50 or so years that are for the better? For the worse?
  3. The idea of the world in decline, or of a past golden age, are perennially popular notions. Why do you think this is?
  4. Compare the movie’s sentiment that “the job of the artist is not to succumb to despair, but to find an antidote for the emptiness of existence” with this statement: “Even when they explore the darkest depths of the soul or the most unsettling aspects of evil, artists give voice in a way to the universal desire for redemption” (Pope John Paul II, Letter to Artists). How are they the same? How are they different?
  5. Does Midnight in Paris “give voice to the universal desire for redemption”? Have you seen other Woody Allen movies that express a desire for redemption? Have you seen ones that you would say fail to do this?

Ronald Wilson Reagan (Part 96)

https://i0.wp.com/www.reagan.utexas.edu/archives/photographs/large/C31673-17.jpg

Nancy Reagan photo with Lab School Honorees Tom Cruise, Bruce Jenner, Cher and Robert Rauchenberg in State Dining Room. 10/30/85.

My wife Jill loves to watch the reality show “Keeping up with the Kardashians.” Bruce Jenner who is pictured above is one of the main characters in that show since his wife is Kris Jenner is the mother of all the Kardashians.

From November of 1980, here is CBS’s coverage of Election Night. Taped from WJKW-TV8, Cleveland. This is part 1 of 3.

Lee Edwards of the Heritage Foundation wrote an excellent article on Ronald Reagan and the events that transpired during the Reagan administration,  and I wanted to share it with you. Here is the ninth portion:

Sometimes the president sided with reformers as when, after a year of hard work, he signed the Tax Reform Act of 1986 into law. In his 1984 State of the Union address, Reagan had signaled his intention “to simplify the tax code so all taxpayers would be treated more fairly.”[xxxii] An unusual coalition formed around the president’s initiative, including Democrats Richard Gephardt and Dan Rostenkowski in the House and Budget Chairman Pete Domenici and Democrat Bill Bradley in the Senate. A bipartisan deal was ultimately struck with Reagan agreeing to close existing tax loopholes if the Democrats would agree to lower marginal rates for individuals and families.

Reagan was deadly serious about the measure. In mid-December 1985, for example, he made an unusual personal visit to Capitol Hill to lobby members of Congress for his tax reform. A few days later, he telephoned House Speaker O’Neill to report that he had rounded up at least fifty Republican votes for final passage of the legislation. O’Neill had set the 50-vote requirement for bringing the bill to the floor.

Describing his plan as a “Second American Revolution,” Reagan promised that it would make taxes lower, fairer, simpler, and more productive. And it did, lowering the top marginal rate from 50 percent to 33 percent, simplifying the number of tax brackets, and increasing personal deductions so much that an estimated 4.3 million low-income families were removed from the tax rolls. At the same time, a minimum tax was established to ensure that wealthy taxpayers would not escape paying at least some income tax. And hundreds of special interest provisions, such as deductible “three martini luncheons,” were eliminated.

Reagan described his tax reform initiative as one of the proudest achievements of his administration. He called his tax reform act “the best anti-poverty bill, the best pro-family measure and the best job-creation program ever to come out of the Congress of the United States.”[xxxiii]

However, whichever way he tacked, Reagan often found himself being roundly criticized by leaders of the New Right, eager as always to find fault with a conservative for not being quite conservative enough. Richard Viguerie and others pointed out that regardless of Reagan’s successful battles to reduce income tax rates, the average American’s total tax payments had actually gone up in Reagan’s second year if you included increases in Social Security withholding. As for Reagan’s spending cuts, the New Rightists stressed, they were not absolute reductions but merely reductions in the rate of increase.

“We constantly hear nonsense about how conservatives are running everything,” remarked Terry Dolan, head of the National Conservative Political Action Committee (NCPAC). “If that were true, we wouldn’t have the biggest budget deficits in history.”[xxxiv]