Greenspan Needs To Retire

Benefits need to be cut, Greenspan says By MARTIN CRUTSINGER , AP Economics Writer

Federal Reserve Chairman Alan Greenspan said yesterday the country will face ”abrupt and painful” choices unless Congress acts quickly to trim Social Security and Medicare benefits for the baby boom generation. He said the government has promised more than it can deliver.

Returning to a politically explosive issue just before the Republican National Convention, Greenspan said the country must face up to ”some tough policy choices.”

Government resources even under the most optimistic economic assumptions on growth and productivity will be inadequate to provide baby boomers with the level of benefits their parents got, he said.

Starve the beast — that’s the fundamental philosophy of the Radical Right. They say we need to cut benefits people have been paying for for years because the resources aren’t there. Would that be the resources that were poured into the pockets of the Rich or dumped in the sewer of Iraq? These people think you are incredibly stupid. mjh

Bush’s Deceptive Radicalism

The Bush presidency Economist.com

[T]he vitriol and adoration that Mr Bush inspires both stem in part from the policies he has chosen. It is not just a matter of waging the most controversial war since Vietnam and dramatically increasing the size of government. Name your subject, from education and health care to missile defence, AIDS policy, gay marriage, stem cells and civil rights, and this presidency has sought radical change.

Radicalism can be good—but Mr Bush’s brand has turned a compassionate conservative into a contradictory one. What is conservative about allowing government to grow faster than under Mr Clinton? What is humble about announcing that you are trying to introduce democracy to the Middle East? Where is the compassion in his support for a federal ban on gay marriage, the limitations on stem-cell research or his other moves to accommodate the zealots of the Christian right? …

The American conservative movement has always been a marriage between “western” anti-governmentalism and “southern” moralism. Four years ago, Mr Bush made no secret of his own religious beliefs, but he gave the impression he would hold the often intolerant religious right in check. Instead, he has given it a big role in his administration on a host of issues. No doubt Mr Bush’s convictions are sincere; but they were not to the fore in 2000 and they are not shared by many of those who supported him then….

Everyone Loves King George!

ABQjournal: Budget, Iraq are Bush Topics On Tour

In Albuquerque,

protesters stood in parking lots across from the Convention Center.

A police spokeswoman estimated the number as several pockets

of 50 or fewer.

The Albuquerque Journal manages 64 words at the butt-end of 1109 words on Pharoah’s triumphant visit. Any

protests in Las Cruces or Farmington (ha!)? Don’t expect any interviews or photos.

Duhbya gave the same speech 3 times and was still

reading it on the 3rd go round. I guess a week resting in Crawford wasn’t enough. mjh

PS: Oh, by the way, from page 4:

ABQjournal: Over 1

Million More Living in Poverty

The new Census report — issued Thursday but not mentioned by Bush in his speeches in Las

Cruces, Farmington and Albuquerque — showed the number of Americans living in poverty increased by more than 1.3 million last year

while the number of Americans without health insurance rose 1.4 million.

It was the third straight year of increases for both

categories.

It interests me that this is on A4 when a few cars towed by the Secret Service — and blamed on Kerry —

made it to page one the last time Duhbya came

to town (yes, that again). mjh

mjh’s Blog: With All Due Respect

1.3 Million MORE in Poverty

ABQjournal: Over 1 Million More Living in Poverty

The new Census report — issued Thursday but not mentioned by Bush in his speeches in Las Cruces, Farmington and Albuquerque — showed the number of Americans living in poverty increased by more than 1.3 million last year while the number of Americans without health insurance rose 1.4 million.

It was the third straight year of increases for both categories.

In a speech in Las Cruces Thursday morning, Bush touted improvements in the U.S. economy….

With All Due Respect (revised)

Duhbya came to town again.

photo by Merri Rudd

Rooftop Revolt – By the People (photo by

MRudd)

Postscript: I actually DID flip off Air Force One. There had been no air traffic for a while, except for fighter jets, when

suddenly a plane flew directly over my house. I flipped the middle of the ‘W’ digits skyward. Then I thought, damn, that’s not Air

Force One. Until this AM, when I read Duhbya was on a smaller version of AF1.

[jf: thanks for the link.]