Six Minutes to Understanding

Wealth Inequality in America

Published on Nov 20, 2012

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is.

Via politizane

I found this video in a FB post from my Senator. The clear description is perfectly supported by the animated graphics. Together, the dramatic message is powerful and undisputable.

Mitch McConnell The Enemy From Within

Mitch McConnell: Citizens United Amendment Is An ‘Absurd Proposal’

Since he’s against it, you know it must be good, honest, and right!

Senate Minority Leader Mitch McConnell (R-Ky.) criticized a proposed constitutional amendment to eliminate corporate personhood rights on Friday, calling the idea “absurd.”

The amendment, proposed by Sens. Jon Tester (D-Mont.) and Chris Murphy (D-Conn.) on Tuesday, would establish that corporations are not people with constitutional rights. This would overturn the Supreme Court’s 2010 Citizens United decision, which holds that corporations have a First Amendment right to spend unlimited funds on political campaigns as long as that spending is independent from candidates and political parties.

After McConnell gave a speech on the First Amendment at the American Enterprise Institute, a Washington Free Beacon reporter asked him about the Democrats’ proposal.

“They were not uncomfortable with corporate free speech when corporations that owned newspapers or television stations were engaging in it,” McConnell said. “They only become uncomfortable with it when the Supreme Court said, ‘Why should there be a carve-out for corporations that own the media outlet and for no one else?’ It’s an absurd proposal and it won’t go anywhere.”

Prediction: he will proven wrong.

Quabbin Reservoir Trespass

The story of seven people caught trespassing at 12:30am doesn’t pass the smell test. They said they were recently graduated chemical engineers curious about the reservoir. WTF at 12:30 am? Something stinks in that story.

BELCHERTOWN, Mass. (AP) — Massachusetts state police say they and the FBI are investigating a trespassing incident at the Quabbin Reservoir but have no evidence of terrorism.

The central Massachusetts reservoir supplies drinking water to Boston.

State Police spokesman David Procopio says Tuesday night that a trooper saw two cars parked at a reservoir park entrance at 12:30 a.m. Tuesday, then saw five young men and two young women walking toward them from the reservoir.

Procopio said they are from Pakistan, Saudi Arabia and Singapore with addresses in Amherst, Cambridge, Sunderland and Northampton, and New York City. He said law enforcement databases show no warrants, detainers or advisories on them.

The men told police they are recently graduated chemical engineers curious about the reservoir.

Procopio said they will be summoned to court later on trespassing charges.

Let ME be clear, keep your promise!

And so now the Democratic Party is faced with a serious existential challenge. To be a true alternative to the Republican Party or to be Republican Light. And no, it is not the public that has some consensus both parties must placate – the overwhelming majority of Americans oppose cuts to Social Security and Medicare. This is an elite agenda not a public one. If the progressives prevail the Corporate Democrats will find their home in the private sector, just a little early. If the Neoliberal/SPEC faction wins it will be the beginning of the end for the safety net as America lurches towards further social and political disintegration.

via FDL

Happy Breakfast

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Good Morning!

Today the news came through that chained CPI is off the table for the current round of fiscal negotiations between the Democrats and Republicans. Some news sources claimed the Republicans removed their demand for chained CPI which likely means the Democrats successfully refused to move forward on the Republicans demand to cut Social Security. The tell is the Republicans are moving Social Security “Reform” into the debt ceiling negotiations.

I’m celebrating this morning, the last day of 2012, by making an egg omelet filled with jumbo Shrimp and Horseradish sauce, served with a toasted Wheat pita and a cup of black coffee. YUM!

The balance of the jumbo Shrimp will be served during the first moments of 2013.

See ya’ll next year.

Make No Cuts to Social Security

WE PETITION THE OBAMA ADMINISTRATION TO:

Make No Cuts to Social Security

Any cuts to Social Security are theft from the people who have earned and paid for these benefits over their entire working life. By paying extra into the system since 1983, we have built up a $2.7 TRILLION surplus. This is enough to cover any shortfalls for decades to come.

Delaying retirement age by an additional year is stealing an average of $15,000 from each future retiree.

Reducing the cost-of-living adjustments is stealing a similar amount over the average retiree’s lifespan.

We’ve already paid more in SS taxes. We’ve already suffered increasing the retirement age. Now don’t take Our Money away again.

This is the WE THE PEOPLE petition at whitehouse.gov. You will need to create an account to sign the petition. It’s very easy to do.

Click here to sign the petition.

Percents Matter!

Today I was notified of two financial changes that matter to me and many Americans.

1. Social Security is enabling a 1.7% cost of living increase starting 2013.

2. Medicare payments are increasing by 4% starting 2013.

This means those Americans who get only Social Security will have 2.3% less money in 2013 than 2012. While I’m grateful for a 1.7% COLA I’ve worked hard and paid into the tax system. Now I see the wild inflation of Medical costs driving up medical insurance premiums that diminish everyones Social Security benefits. This trend is going in the wrong direction and it needs to be reversed now.

Here’s how: pass a federal law that fixes a two percent buffer for Social Security COLA against corresponding Medicare increases. Another way of saying it is Medicare increases can be not more that two percent of the corresponding years Social Security COLA.

Example: SS COLA is 1.7%, Medicare increase is 0%.

Example: SS COLA is 3.5%, Medicare increase is up to 1.5%.

Example: SS COLA is 2.3%, Medicare increase is up to .3%.