imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List




IMC Network:

Original Cities

www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities

www.indymedia.org africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Obama's Neoliberal Budget

by Stephen Lendman Friday, Apr. 12, 2013 at 9:27 PM
lendmanstephen@sbcglobal.net

class war

Obama's Neoliberal Budget

by Stephen Lendman

Main Street America's in protracted Depression. Conditions go from bad to worse. More than ever, vital stimulus is needed. Lots of it.

Obama's solution is force-fed austerity. In term one, he prioritized it. His FY 2014 budget offers more of the same.

He's waging financial war on ordinary people. He's targeting middle America, those most disadvantaged, seniors, and others approaching retirement.

He's beholden solely to bankers, war profiteers, other corporate favorites, and America's super-rich. He's harming others so they benefit.

His agenda reflects the worst of neoliberal harshness. It imposes misery. It makes conditions for growing millions intolerable. It's economically destructive. It shows what most people face.

Naked Capitalism's Yves Smith is right calling the "budget battle" a scheme to "squeez(e) the middle class dry, and those who pretend otherwise are simply insulting the intelligence of their audience."

More on Obama's budget below.

The White House blog turned truth on its head. It said it offers "a fiscally-responsible blueprint for middle-class jobs and growth."

It "replaces the across-the-board spending cuts….with smarter ones, making long-term reforms, eliminating actual waste and programs that are no longer needed."

It "grow(s) the economy and strengthen(s) the middle class."

A New York Times editorial headlined "The President's Budget," saying:

He proposed "a host of good ideas." He wants spending cut "by about .2 trillion over a decade." He showed Republicans he's willing to "compromise." He put them "on the spot to do the same. Naturally (they) refused."

Washington Post editors headlined "Obama's 2014 budget is an offer to negotiate," saying:

It "represents the best hope for (a) bipartisan deficit-reduction deal before….statutory borrowing limit(s arrive) late summer."

He "offered a plausible, responsible road map….Republicans should respond in kind."

The Chicago Tribune welcomed Medicare and Social Security cuts. It falsely said they're "on paths to insolvency." They're "the biggest drivers of total federal deficits."

Both programs are fiscally sound. Minor adjustments only are needed. They're not entitlements. They're contractual federal obligations. They're for eligible recipients who qualify. Payroll taxes fund them.

Militarism, imperial wars, repressive homeland security, CIA, Pentagon and other black budgets, corporate handouts, and pork drive out-of-control deficit spending. Don't expect media scoundrels to explain.

Straightaway in office, Obama prioritized neoliberal harshness. Destroying New Deal/Great Society gains reflects policy. Popular needs don't matter. Monied interests alone are served.

People are exploited. Profits are privatized. Ordinary ones bear the burden of debt. Privileged Americans enjoy a disproportionate share of wealth and power. Others are hung out to dry to serve them.

Criminals run Washington. Obama's their titular head. He's a crime boss. He's ideologically hardline.

He's ruthless. He's duplicitous. He serves wealth, power and privilege. He's anti-democratic, anti-populist, anti-labor, anti-welfare, pro-business and pro-war. He's heading America for tyranny, third world status and ruin.

He wants social America destroyed. It's on the chopping block for elimination. He's robbing ordinary people to make privileged ones richer.

Slash and burn reflects policy. ObamaSpeak masks it. He claims he's "willing to make tough choices that may not be popular within my own party, because there can be no sacred cows for either party."

He wants Medicare cut 0 billion over 10 years. Hundreds of billions were cut earlier. Expect much more ahead. Means testing Medicare and Social Security looms. So does privatizing federally mandated programs.

Obama proposed a Social Security COLA. He wants it based on  chain-weighted CPI. It's a scam. It's the latest gimmick to destroy benefits.

It assumes when prices on some products rise, consumers choose lower-cost substitutes. Perhaps so for steak v. hamburger.

It doesn't hold for rents, other housing costs, transportation, gasoline, electricity and other energy costs, as well as medical expenses highest late in life.

These expenses hit ordinary people, especially seniors, hardest. According to The Senior Citizens League (SCL), retirees stand to lose over ,000 in benefits over their lifetimes. "All seniors, whether already retired or not," will lose out.

Small annual cuts accumulate to thousands of lost dollars over a lifetime. Cutting benefits erodes buying power. Doing so devastates seniors on tight budgets.

Contrary to false claims about no one over age 55 affected, "chained" CPI takes effect immediately if enacted. COLAs will be cut 0.3% annually. Possibly much more in high inflation years.

Doing so adds up. Seniors with average benefits retiring this year stand to lose ,634. It's an estimated 7% cut over a 25 year retirement. According to SCL chairman Larry Hyland:

"It's outrageous that a change that could put a significant dent in seniors' pocketbooks is being passed off as a minor technical adjustment."

"Seniors have already been watching the value of their benefits erode, to the point where millions of them are barely able to scrape by."

"Annual cost-of-living adjustments are crucial and should represent seniors' true costs."

Obama calls his budget "balanced and responsible." Americans overwhelmingly oppose Social Security and Medicare cuts. They do so for good reason.

On April 10, former Clinton labor secretary Robert Reich headlined "The case against cutting Social Security and Medicare," saying:

"(S)eniors pay 20 percent to 40 percent of their incomes for health care. They can't switch to lower-cost alternatives because they either don't exist or (they) aren't in a position to shop for them."

Healthcare costs rise "much faster than inflation." They do so annually. For growing numbers, they're unaffordable.

Social Security's current COLA way underestimates "how badly inflation (eats away) at the meager savings of most seniors."

Social Security today "is more important than ever. Private pensions (have) all but disappeared." Homes retirees regarded as nest eggs are worth far less.

'Most retirees haven't saved nearly enough." Many have to keep working to get by. "Social Security is just about the only thing many seniors can count on."

It's not responsible for growing deficits. "It's been in surplus for decades." They're used "by the federal government to pay its other bills."

Cutting Medicare benefits doesn't wash. Means-testing reflects grand theft. Ordinary Americans will be harmed most.

Medicare isn't the problem. Predatory healthcare providers drive costs higher. Universal coverage would change things. Cost control would follow. "Retirees wouldn't be paying a large and growing portion of their incomes for health care."

"Social Security and Medicare are the most popular programs ever devised by the federal government - and among the most successful."

"Together, they have drastically reduced poverty among the nation's elderly, one of the great triumphs of modern times."

Democrats used to defend programs too vital to lose. "Why should (they) now lead the charge against them?"

Obama's committed to do so. He wants social America destroyed. He wants more deregulation. He wants business able to operate regulation-free.

On January 18, 2011, his Executive Order 13563 headlined "Improving Regulation and Regulatory Review."

Weeks later, his Chamber of Commerce speech elaborated. He promised to "remove outdated, unnecessary regulations."

"I understand the challenges you face," he said. "I understand you are under incredible pressure to cut costs and keep your margins up."

"I understand the significance of your obligations to your shareholders and the pressures that are created by quarterly reports. I get it."

He doesn't "get" or give a damn about growing human needs. He's beholden solely to monied interests. He's their man in Washington. He hasn't disappointed.

He has lots more giveaways in mind. His budget includes "initiatives to support manufacturing communities, including a new tax credit to strengthen their ability to attract investments and jobs."

"And it expands my Administration’s SelectUSA initiative to help draw businesses and investment from around the world to our shores."

He wants social America gutted to provide corporate and super-rich elite benefits. He wants ordinary people hung out to dry. He wants retirees and others most in need hit hardest. He wants privileged ones alone served.

He wants public education destroyed. He wants it made another profit center. His budget attacks it. He wants liberal arts and other programs replaced with curricula addressing what employers need "to fill the jobs available right now and in the future."

They're largely low-pay/poor or no benefit/temp or part-time service jobs. Many households need two or more to get by.

Obama's neoliberal and hardline. He's unapologetic. He wants ordinary people abandoned. He wants them bearing burdens they didn't cause. He wants wealth, power and privilege alone served. He represents the worst of rogue governance.

Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net.

His new book is titled "Banker Occupation: Waging Financial War on Humanity."

http://www.claritypress.com/LendmanII.html

Visit his blog site at sjlendman.blogspot.com.

Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.

It airs Fridays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.

http://www.progressiveradionetwork.com/the-progressive-news-hour

http://www.dailycensored.com/obamas-neoliberal-budget/

Report this post as:

Local News

GUIDE TO REBEL CITY LOS ANGELES AVAILABLE A12 5:39PM

lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Join The Protest Rally in Glendale on April 10, 2018! M29 6:38PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

After Being Told He's 'Full of Sh*t' at School Event, Mnuchin Demands UCLA Suppress Video M02 11:44AM

Resolution of the Rent Strike in Boyle Heights M01 6:28PM

What Big Brother Knows About You and What You Can Do About It M01 3:30PM

Step Up As LAPD Chief Charlie Beck Steps Down F14 2:44PM

Our House Grief Support Center Hosts 9th Annual Run For Hope, April 29 F13 12:51PM

Don’t let this LA County Probation Department overhaul proposal sit on the shelf F13 11:04AM

Echo Park Residents Sue LA Over Controversial Development F12 8:51AM

Former Signal Hill police officer pleads guilty in road-rage incident in Irvine F09 10:25PM

Calif. Police Accused of 'Collusion' With Neo-Nazis After Release of Court Documents F09 7:14PM

Center for the Study of Political Graphics exhibit on Police Abuse posters F07 9:50AM

City Agrees to Settle Lawsuit Claiming Pasadena Police Officer Had His Sister Falsely Arre F04 3:17PM

Professor's Study Highlights Health Risks of Urban Oil Drilling F04 12:42PM

Claims paid involving Pasadena Police Department 2014 to present F04 10:52AM

Pasadenans - get your license plate reader records from police F03 11:11PM

LA Times Homicide Report F03 1:57PM

More Local News...

Other/Breaking News

Worker-Owned Car Wash on Vermont Closed A26 10:37PM

TheMilitary of Yemen IN In The 1990's A26 5:42PM

The Shortwave Report 04/27/18 Listen Globally! A26 4:03PM

Federal Bank Examiner FDIC recalls year long 1999 robbery in 2017 A26 3:24PM

Doxa du lobby A25 2:03AM

Tech workers organize A24 6:24PM

Architect Stephen Francis Jones A24 3:01PM

UN Forum Wrestles with Economic Policies 10 Years After Financial Crisis Islands Call for A24 12:34PM

Xyloglossie attitudinale A23 8:07AM

What does the Quran Say About Islamic Dress?? A21 4:15PM

Biodiversité ou la nature privatisée A20 11:22AM

The Market is a Universal Totalitarian Religion A20 7:14AM

Book Available about Hispanics and US Civil War by National Park Service A19 5:52PM

The Shortwave Report 04/20/18 Listen Globally! A19 4:01PM

The Republican 'Prolife' Party Is the Party of War, Execution, and Bear Cub Murder A19 11:48AM

Neurogenèse involutive A18 9:21AM

Paraphysique de la dictature étatique A16 10:13AM

Book Review: "The New Bonapartists" A16 3:45AM

The West Must Take the First Steps to Russia A14 12:25PM

Théorie générale de la révolution ou hommage à feu Mikhaïl Bakounine A14 3:30AM

The Shortwave Report 04/13/18 Listen Globally! A12 3:50PM

“Lost in a Dream” Singing Competition Winner to Be Chosen on April 15 for ,000 Prize! A12 3:48PM

The World Dependent on Central Banks A12 4:43AM

Ohio Governor Race: Dennis Kucinich & Richard Cordray Run Against Mike DeWine A11 9:40PM

March 2018 Honduras Coup Again Update A10 10:52PM

Apologie du zadisme insurrectionnel A10 3:33PM

ICE contract with license plate reader company A10 1:14PM

Palimpseste sisyphéen A09 11:23PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy