We’re Not in Lake Wobegon Anymore

“I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” Republicans: The No.1 reason the rest of the world thinks we’re deaf, dumb and dangerous.

Written in 2004.

How did the Party of Lincoln and Liberty transmogrify into the party of Newt Gingrich’s evil spawn and their Etch-A-Sketch president, a dull and rigid man, whose philosophy is a jumble of badly sutured body parts trying to walk?

By GARRISON KEILLOR

Something has gone seriously haywire with the Republican Party. Once, it was the party of pragmatic Main Street businessmen in steel-rimmed spectacles who decried profligacy and waste, were devoted to their communities and supported the sort of prosperity that raises all ships. They were good-hearted people who vanquished the gnarlier elements of their party, the paranoid Roosevelt-haters, the flat Earthers and Prohibitionists, the antipapist antiforeigner element. The genial Eisenhower was their man, a genuine American hero of D-Day, who made it OK for reasonable people to vote Republican. He brought the Korean War to a stalemate, produced the Interstate Highway System, declined to rescue the French colonial army in Vietnam, and gave us a period of peace and prosperity, in which (oddly) American arts and letters flourished and higher education burgeoned—and there was a degree of plain decency in the country. Fifties Republicans were giants compared to today’s. Richard Nixon was the last Republican leader to feel a Christian obligation toward the poor.

In the years between Nixon and Newt Gingrich, the party migrated southward down the Twisting Trail of Rhetoric and sneered at the idea of public service and became the Scourge of Liberalism, the Great Crusade Against the Sixties, the Death Star of Government, a gang of pirates that diverted and fascinated the media by their sheer chutzpah, such as the misty-eyed flag-waving of Ronald Reagan who, while George McGovern flew bombers in World War II, took a pass and made training films in Long Beach. The Nixon moderate vanished like the passenger pigeon, purged by a legion of angry white men who rose to power on pure punk politics. “Bipartisanship is another term of date rape,” says Grover Norquist, the Sid Vicious of the GOP. “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.” The boy has Oedipal problems and government is his daddy.

The party of Lincoln and Liberty was transmogrified into the party of hairy-backed swamp developers and corporate shills, faith-based economists, fundamentalist bullies with Bibles, shriekChristians of convenience, freelance racists, misanthropic frat boys, shreiking midgets of AM radio, tax cheats, nihilists in golf pants, brownshirts in pinstripes, sweatshop tycoons, hacks, fakirs, aggressive dorks, Lamborghini libertarians, people who believe Neil Armstrong’s moonwalk was filmed in Roswell, New Mexico, little honkers out to diminish the rest of us, Newt’s evil spawn and their Etch-A-Sketch president, a dull and rigid man suspicious of the free flow of information and of secular institutions, whose philosophy is a jumble of badly sutured body parts trying to walk. Republicans: The No.1 reason the rest of the world thinks we’re deaf, dumb and dangerous.

Rich ironies abound! Lies pop up like toadstools in the forest! Wild swine crowd round the public trough! Outrageous gerrymandering! Pocket lining on a massive scale! Paid lobbyists sit in committee rooms and write legislation to alleviate the suffering of billionaires! Hypocrisies shine like cat turds in the moonlight! O Mark Twain, where art thou at this hour? Arise and behold the Gilded Age reincarnated gaudier than ever, upholding great wealth as the sure sign of Divine Grace.

Here in 2004, George W. Bush is running for reelection on a platform of tragedy—the single greatest failure of national defense in our history, the attacks of 9/11 in which 19 men with box cutters put this nation into a tailspin, a failure the details of which the White House fought to keep secret even as it ran the country into hock up to the hubcaps, thanks to generous tax cuts for the well-fixed, hoping to lead us into a box canyon of debt that will render government impotent, even as we engage in a war against a small country that was undertaken for the president’s personal satisfaction but sold to the American public on the basis of brazen misinformation, a war whose purpose is to distract us from an enormous transfer of wealth taking place in this country, flowing upward, and the deception is working beautifully.

The concentration of wealth and power in the hands of the few is the death knell of democracy. No republic in the history of humanity has survived this. The election of 2004 will say something about what happens to ours. The omens are not good.

Our beloved land has been fogged with fear—fear, the greatest political strategy ever. An ominous silence, distant sirens, a drumbeat of whispered warnings and alarms to keep the public uneasy and silence the opposition. And in a time of vague fear, you can appoint bullet-brained judges, strip the bark off the Constitution, eviscerate federal regulatory agencies, bring public education to a standstill, stupefy the press, lavish gorgeous tax breaks on the rich.

There is a stink drifting through this election year. It isn’t the Florida recount or the Supreme Court decision. No, it’s 9/11 that we keep coming back to. It wasn’t the “end of innocence,” or a turning point in our history, or a cosmic occurrence, it was an event, a lapse of security. And patriotism shouldn’t prevent people from asking hard questions of the man who was purportedly in charge of national security at the time.

Whenever I think of those New Yorkers hurrying along Park Place or getting off the No.1 Broadway local, hustling toward their office on the 90th floor, the morning paper under their arms, I think of that non-reader George W. Bush and how he hopes to exploit those people with a little economic uptick, maybe the capture of Osama, cruise to victory in November and proceed to get some serious nation-changing done in his second term.

This year, as in the past, Republicans will portray us Democrats as embittered academics, desiccated Unitarians, whacked-out hippies and communards, people who talk to telephone poles, the party of the Deadheads. They will wave enormous flags and wow over and over the footage of firemen in the wreckage of the World Trade Center and bodies being carried out and they will lie about their economic policies with astonishing enthusiasm.

The Union is what needs defending this year. Government of Enron and by Halliburton and for the Southern Baptists is not the same as what Lincoln spoke of. This gang of Pithecanthropus Republicanii has humbugged us to death on terrorism and tax cuts for the comfy and school prayer and flag burning and claimed the right to know what books we read and to dump their sewage upstream from the town and clear-cut the forests and gut the IRS and mark up the constitution on behalf of intolerance and promote the corporate takeover of the public airwaves and to hell with anybody who opposes them.

This is a great country, and it wasn’t made so by angry people. We have a sacred duty to bequeath it to our grandchildren in better shape than however we found it. We have a long way to go and we’re not getting any younger.

Dante said that the hottest place in Hell is reserved for those who in time of crisis remain neutral, so I have spoken my piece, and thank you, dear reader. It’s a beautiful world, rain or shine, and there is more to life than winning.

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Garrison Keillor is the host and writer of A Prairie Home Companion, now in its 34th year on the air and a syndicated newspaper columnist.

Emphasis Mine.

see:http://readersupportednews.org/off-site-opinion-section/72-72/7193-were-not-in-lake-wobegon-anymore

5 Reasons Capitalism Has Failed

The root cause of our recent turmoil is the failure of the dominant economic paradigm — global corporate capitalism.

By Bob Burnett, The Smirking Chimp, via AlterNet

(N.B.: Marx was right, after all…)

We live in interesting times. The global economy is splintering. U.S. voters hate all politicians and there’s political unrest throughout the world. The root cause of this turmoil is the failure of the dominant economic paradigm — global corporate capitalism.

The modern world is ruled by multinational corporations and governed by a capitalistic ideology that believes: Corporations are a special breed of people, motivated solely by self-interest. Corporations seek to maximize return on capital by leveraging productivity and paying the least possible amount for taxes and labor. Corporate executives pledge allegiance to their directors and shareholders. The dominant corporate perspective is short term, the current financial quarter, and the dominant corporate ethic is greed, doing whatever it takes to maximize profit.

Five factors are responsible for the failure of global corporate capitalism. First, global corporations are too big. We’re living in the age of corporate dinosaurs. (The largest multinational is JP Morgan Chase with assets of $2 Trillion, 240,000 employees, and offices in 100 countries.) The original dinosaurs perished because their huge bodies possessed tiny brains. Modern dinosaurs are failing because their massive bureaucracies possess miniscule hearts.

Since the Reagan era global corporations have followed the path of least resistance to profit; they’ve swallowed up their competitors and created monopolies, which have produced humongous bureaucracies. In the short-term, scale helps corporations grow profitable, but in the long-term it makes them inflexible and difficult to manage. Gigantism creates a culture where workers are encouraged to take enormous risks in order to create greater profits; it’s based upon the notion that the corporation is “too big to fail.”

Second, global corporations disdain civil society. They’ve created a culture of organizational narcissism, where workers pledge allegiance to the enterprise. Corporate employees live in a bubble, where they log obscene hours and then vacation with their co-workers. Multinationals develop their own code of ethics and worldview separate from that of any national state. Corporate executives don’t care about the success or failure of any particular country, only the growth and profitability of their global corporation. (Many large corporations pay no U.S. income tax; in 2009 Exxon Mobil actually got a $156 M rebate.)

Third, global corporations are modern outlaws, living outside the law. There is noinvisible hand that regulates multinationals. In 1759 Philosopher Adam Smith argued that while wealthy individuals and corporations were motivated by self interest, an “invisible hand” was operating in the background ensuring that capitalist activities ultimately benefited society. In modern times this concept became the basis for the pronouncements of the Chicago School of Economics that markets were inherently self regulating. However, the last five years have demonstrated that there is no “invisible hand”unregulated markets have spelled disaster for the average person. The “recovery” of 2009-10 ensured that “too big to fail” institutions would survive and the rich would continue to be rich. Meanwhile millions of good jobs were either eliminated or replaced by low-wage jobs with poor or no benefits.

Fourth, global corporations are ruining our natural capital. Four of the top 10 multinational corporations are energy companies, with Exxon Mobil leading the list. But there are many indications that our oil reserves are gone. Meanwhile, other forms of natural capital have been depleted — arable land, water, minerals, forests, fish, and so forth. Multinational corporations have treated the environment as a free resource. When the timberlands of North America began to be depleted, lumber corporations moved to South America and then Asia. Now, the “easy pickings” are gone. Global corporations have ravished the world and citizens of every nation live with the consequences: dirty air, foul water, and pollution of every sort.

Fifth, global corporations have angered the world community. The world GDP is $63 Trillion but multinational corporations garner a disproportionate share — with banks accounting for an estimated $4 trillion (bank assets are $100 trillion). Global black markets make $2 trillion — illegal drugs account for at least $300 billion. In many parts of the world, a worker is not able to earn a living wage, have a bank account or drive a car, but can always obtain drugs, sex, and weapons. And while the world may not be one big village in terms of lifestyle, it shares an image of “the good life” that’s proffered in movies, TV, and the Internet. That’s what teenagers in Afghanistan have in common with teenagers in England; they’ve been fed the same image of success in the global community and they know it’s inaccessible. They are angry and, ultimately, their anger has the same target — multinational corporations (and the governments that support them).

We live in interesting times. The good news is we’re witnessing the failure of global corporate capitalism. The bad news is we don’t know what will replace it.”

(N.B.: Perhaps we do – see peoplesworld.org)

Bob Burnett is a writer and activist in Berkeley, Calif.

Emphasis Mine

see:http://www.alternet.org/story/152118/5_reasons_capitalism_has_failed?page=entire

The Dangerous Reagan Cult

Exclusive: Ronald Reagan’s anti-government philosophy inspires Tea Party extremists to oppose any revenue increase, even from closing loopholes on corporate jets. Democrats try the spin that “even Reagan” showed flexibility on debt and taxes. But Robert Parry says it is the “Reagan cult” that is at the heart of America’s crisis.

From RSN, by Robert Parry

“Exclusive: Ronald Reagan’s anti-government philosophy inspires Tea Party extremists to oppose any revenue increase, even from closing loopholes on corporate jets. Democrats try the spin that “even Reagan” showed flexibility on debt and taxes. But Robert Parry says it is the “Reagan cult” that is at the heart of America’s crisis.

In the debt-ceiling debate, both Republicans and Democrats wanted Ronald Reagan on their side. Republicans embraced the 40th president’s disdain for government and fondness for tax cuts, while Democrats noted that “even Reagan” raised the debt limit many times and accepted some tax increases.

But Reagan – possibly more than any political leader – deserves the blame for the economic/political mess that the United States now finds itself in. He was the patriarch for virtually every major miscalculation that the country has made over the past three decades.

It was Reagan who slashed taxes on the rich to roughly their current level; he opened the flood gates on deficit spending; he accelerated the decline of the middle class by busting unions and slashing support for local communities; he disparaged the value of government regulations; he squandered money on the Pentagon; he pushed more militaristic strategies abroad; and he rejected any thoughtful criticism of past U.S. foreign policies.

Reagan also created what amounted to a “populist” right-wing cult that targeted the federal government as the source of nearly all evil. In his First Inaugural Address, he famously declared that “government is not the solution to our problem; government is the problem.”

It is that contempt for government that today is driving the Tea Party extremists in the Republican Party. Yet, as with many cults, the founder of this one was somewhat more practical in dealing with the world around him, thus explaining some of Reagan’s compromises on the debt ceiling and taxes.

But once the founder is gone, his teachings can become definitive truth to the disciples. Flexibility disappears. No deviation is permitted. No compromise is tolerated.

So, at a time when government intervention is desperately needed to address a host of national problems, members of this Reagan cult apply the teachings of the leader in the most extreme ways. Since “government is the problem,” the only answer is to remove government from the equation and let the corporations, the rich and the magical “market” dictate national solutions.

It is an ironic testament to Ronald Reagan’s enduring influence that America’s most notable “populist” movement, the Tea Party, insists that tax cuts for the wealthy must be protected, even minor ones like tax loopholes for corporate jets. Inside the Tea Party, any suggestion that billionaire hedge-fund managers should pay a tax rate equal to that of their secretaries is anathema.

Possibly never in history has a “populist” movement been as protective of the interests of the rich as the Tea Party is. But that is because it is really a political cult dedicated to the most extreme rendering of Ronald Reagan’s anti-government philosophy.

Astro-Turf ‘Populists’

Granted, the Tea Party also can be viewed as an astro-turf outfit financed by billionaires like the Koch brothers and promoted by billionaire media mogul Rupert Murdoch. But Election 2010 proved that the movement is capable of putting like-minded politicians into office, especially when discouraged elements of the American Left choose to sit on the sidelines.

During the debt-ceiling battle, the GOP’s Tea Party caucus showed it was strong enough to block any compromise that included a revenue increase. The thinking is that the “evil” government must be starved even if that means defending indefensible tax loopholes and shoving the world’s economy to the brink of catastrophe.

The Tea Party’s rabid enforcement of the Reagan orthodoxy instills such fear among top Republicans that every one of the eight presidential hopefuls at a recent Iowa debate vowed to reject a deal that would include just $1 of higher taxes for each $10 in spending cuts. Even supposed moderates like Mitt Romney and Jon Huntsman threw up their hands.

But the Reagan cult reaches far beyond the Republican Party. Last February, a Gallup poll of Americans cited Reagan as the greatest president ever, with a five percentage point lead over Abraham Lincoln.

These days, virtually no one in Washington’s political or media circles dares to engage in a serious critique of Reagan’s very checkered record as president. It’s much easier to align yourself with some position that Reagan took during his long career, much like a pastor selectively picking a Bible passage to support his theological argument.

When negative national trends are cited – such as the decline of the middle class or the widening gap between rich and poor – the self-censorship demands that Reagan’s name not be spoken. Instead, there are references to these problems deepening “over the past three decades,” without mentioning whose presidency got things going big time.

Creating an Icon

And there is a self-interested reason for this hesitancy. The Republicans and the Right have made it a high priority to transform Reagan into an icon and to punish any independent-minded political figure or journalist who resists the group think.

The first step in this process occurred in the late 1980s, with aggressive cover-ups of Reagan’s crimes of state, such as scandals over the Iran-Contra arms-for-hostages affair, Contra-cocaine trafficking, and the Iraq-gate support of dictator Saddam Hussein.

Faced with furious Republican defenses of Reagan and his inner circle, most Democrats and mainstream journalists chose career discretion over valor. By the time Bill Clinton was elected in 1992, the refrain from Democrats and Washington pundits was to “leave that for the historians.”

Those who didn’t go along with the cover-ups – like Iran-Contra special prosecutor Lawrence Walsh – were subjected to ridicule from both the right-wing and mainstream media, from both the Washington Times and the Washington Post. Journalists who challenged the implausible Reagan cover-ups also found themselves marginalized as “conspiracy theorists.”

Leading Democrats decided it made more sense to look to the future, not dwell on the past. Plus, acquiescing to the cover-ups was a way to show their bipartisanship.

However, Republicans had other ideas. Having pocketed the concessions regarding any serious investigations of Reagan and his cohorts, the Republicans soon went on the offensive by investigating the heck out of President Clinton and his administration.

Then, having stirred up serious public doubts about Clinton’s integrity, the Republicans trounced the Democrats in the 1994 congressional elections. With their new majorities, the Republicans immediately began the process of enshrining Reagan as a national icon.

By and large, the Democrats saw these gestures, like attaching Reagan’s name to National Airport, as another way to demonstrate their bipartisanship.

But Republicans knew better. They understood the strategic value of elevating Reagan’s legacy to the status of an icon. If everyone agreed that Reagan was so great, then it followed that the hated “guv-mint” must be that bad.

More Accommodations

Increasingly, Democrats found themselves arguing on Republican ground, having to apologize for any suggestion that the government could do anything good for the country. Meanwhile, the Clinton-era stock market boom convinced more Americans that the “market” must know best.

Going with that flow, President Clinton signed a Republican-sponsored bill that removed Depression-era regulations in the Glass-Steagall Act, which had separated commercial and investment banks. With the repeal, the doors were thrown open for Wall Street gambling.

In the short run, lots of money was made, encouraging more Americans to believe that the government and its “safety net” were indeed anachronisms for losers. People with any gumption could simply day-trade their way to riches.

Reagan, it seemed, was right all along: government was the problem; the “free market” was not only the solution but it could “self-regulate.”

That was the political/media environment around Election 2000 when the wonkish Vice President Al Gore ran against the brash Texas Gov. George W. Bush, who came across to many as another version of Ronald Reagan, someone who spoke simply and disdained big government.

Though Gore could point to the economic successes of the Clinton years, including a balanced federal budget and the prospect of the total elimination of the federal debt, the major media mocked him as a know-it-all nerd who wore “earth-toned sweaters.” Meanwhile, mainstream journalists swooned over Bush, the regular guy.

Still, Gore eked out a narrow victory in the national popular vote and would have carried the key state of Florida if all legally cast votes were counted. But Bush relied on his brother’s administration in Florida and his father’s friends on the U.S. Supreme Court to make sure that didn’t happen. Bush was declared the winner in Florida and thus the new president. [For details, see Neck Deep.]

In retrospect, Election 2000 was a disastrous turning point for the United States, putting into the highest office in the land an unqualified ne’er do well who had lost the election.

But this outrage against democracy was largely accepted because of the muscular right-wing machine, the on-bended-knee mainstream media and the weak-kneed Democrats – a political/media dynamic that Reagan had helped create and had left behind.

The progress that the Clinton administration had made toward putting the U.S. financial house in order was quickly undone as Bush pushed through two massive tax cuts benefiting mostly the rich and waged two open-ended wars financed with borrowed money.

Years of Reaganism also had taken its toll on the government’s regulatory structures. Reagan had consistently appointed regulators who were hostile to the very concept of regulating, such as Anne Gorsuch at the Environmental Protection Agency and James Watt at Interior. He also elevated Alan Greenspan, a “free market” admirer of Ayn Rand, to be chairman of the Federal Reserve Board.

In the 1980s, the looting of America was underway in earnest, but the elites of Washington and New York saw little to protest since they were getting a cut of the plunder. The real losers were the average Americans, especially factory workers who saw their unions broken or their jobs shipped overseas under the banner of “free trade.”

Feeling Good

But many Americans were kept entranced by Reagan’s feel-good magic.

Taking office after a difficult decade of the 1970s, when America’s defeat in Vietnam and the Arab oil price hikes had shaken the nation’s confidence, Reagan simply assured everyone that things would work out just fine and that no excessive sacrifice was in order. Nor should there be any feelings of guilt, Reagan made clear.

By the late 1970s, it was widely accepted even among many Republicans that the Vietnam War had been an abomination. But Reagan simply rebranded it a “noble cause,” no reason for any serious self-reflection on America’s imperial role in the world.

Reagan then allied the United States with “death-squad” regimes all over Latin America and across the Third World. His administration treated the resulting carnage as a public-relations problem that could be managed by challenging the patriotism of critics.

At the 1984 Republican National Convention, Reagan’s United Nations Ambassador Jeane Kirkpatrick labeled Americans who dared criticize U.S. foreign policy as those who would “blame America first.”

To continue this sort of verbal pummeling on those who continued to get in the way, Reagan credentialed a bunch of thuggish intellectuals known as the neoconservatives.

For the rest of the country, there were happy thoughts about “the shining city on a hill” and “morning in America.”

In reality, however, Reagan had set the stage for the tragedies that would follow. When George W. Bush grabbed power in 2001, he simply extended the foreign and economic policies of the Republican cult leader: more tax cuts, more militarism, less regulation, more media manipulation.

Soon, the gap between rich and poor was widening again. Soon, the United States was at open war in two countries and involved in secret wars in many others. Soon, the nation was confronted with new scandals about torture and deception. Soon, the federal budget was flowing with red ink.

And near the end of Bush’s presidency, the de-regulated excesses of Wall Street pushed the country to the brink of a financial cataclysm. Bush supported a bail-out to save the bankers but didn’t do much for the millions of Americans who lost their jobs or their homes.

Second Thoughts?

One might have thought that the financial crack-up in 2008 (plus the massive federal deficits and the botched wars in Iraq and Afghanistan) would have confronted the Reagan cult with an existential crisis of faith. It would seem obvious that Reagan’s nostrums just didn’t work.

However, after only a brief interregnum of Barack Obama, the Republicans seem poised to restore the Reagan cult to full power in the United States. The new apparent GOP frontrunner, Texas Gov. Rick Perry, is already being hailed in the Washington Post as “The Texas Gipper.”

The Washington Times (yes, Rev. Sun Myung Moon’s right-wing propaganda sheet is still around) fairly cooed over Perry’s tough attacks on Obama, depicting America’s first black president as someone who apologizes for America and isn’t deserving of its soldiers in uniform.

“One of the powerful reasons for running for president of the United States is to make sure every man and woman who puts on the uniform respects highly the president of the United States,” Perry said. “We are indignant about a president who apologizes for America.”

As far as Perry is concerned, America has nothing to apologize for.

These are themes right out of Ronald Reagan’s playbook. And it appears likely that Election 2012 will be fought over terrain defined by Reagan, even though he left office in 1989 and died in 2004.

It is already clear that President Obama will be on the defensive, trying to justify a role for the federal government in America and explaining why the Reaganesque policy of low taxes on the rich must finally be reversed. Obama also is certain to shy away from any serious examination of how U.S. foreign policy went so wrong, so as not to be labeled “apologist-in-chief.”

Rick Perry or whatever other Republican gets the party’s nomination will hold the high ground of Reagan’s lofty standing among the American people. The GOP nominee can continue blaming “guv-mint” for the nation’s problems and promising another “morning in America” if only the nation further reduces the size of “guv-mint.”

With Democrats also trying to associate themselves with the “greatest president ever,” it appears doubtful that any serious effort will be made to explain to the American people that the charming Reagan was the pied piper who led them to their current demise.”

[For more on these topics, see Robert Parry’s Secrecy & Privilege and Neck Deep, now available in a two-book set for the discount price of only $19. For details, click here.]

Robert Parry broke many of the Iran-Contra stories in the 1980s for the Associated Press and Newsweek. His latest book,Neck Deep: The Disastrous Presidency of George W. Bush, was written with two of his sons, Sam and Nat, and can be ordered at neckdeepbook.com. His two previous books, Secrecy & Privilege: The Rise of the Bush Dynasty from Watergate to Iraq and Lost History: Contras, Cocaine, the Press & ‘Project Truth’ are also available there.

emphasis mine

Ten things the GOP Doesn’t want you to know about the debt!

the inconvenient truth that the nation’s mounting debt is largely attributable to wars, a recession and tax policies put in place under his party’s watch.

From perspectives see:http://www.perrspectives.com/blog/archives/002215.htm

(N.B.: the author of this blog observes that the correct way to describe the results under each POTUS administration is to add the qualifying word ‘administration’  (and perhaps the definite article ‘the’) to each usage, e.g.: the Clinton administration – the POTUS signs laws passed by both houses.)

“Just two weeks after he seconded Treasury Secretary Tim Geithner’s dire warnings about the August 2 deadline to raise the U.S debt ceiling, House Majority LeaderEric Cantor walked out of the budget talks aimed at reaching a bipartisan compromise over deficit reduction. Like Arizona GOP Senator Jon Kyl, Cantor shifted the burden to Speaker John Boehner, Senate Minority Mitch McConnell and President Obama to “get over this impasse on taxes.”

For his part, McConnell promised that no deal to end the GOP’s hostage taking of the U.S. economy will include tax hikes. But while McConnell boasted that “If they couldn’t raise taxes when they owned the government, you know they can’t get it done now,” left unsaid was the inconvenient truth that the nation’s mounting debt is largely attributable to wars, a recession and tax policies put in place under his party’s watch.

Here, then, are 10 things the GOP doesn’t want you to know about the debt:

  1. Republican Leaders Agree U.S. Default Would Be a “Financial Disaster”
  2. Ronald Reagan Tripled the National Debt
  3. George W. Bush Doubled the National Debt
  4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
  5. Federal Taxes Are Now at a 60 Year Low
  6. Bush Tax Cuts Didn’t Pay for Themselves or Spur “Job Creators”
  7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
  8. Ryan Budget Will Require Raising Debt Ceiling – Repeatedly
  9. Tax Cuts Drive the Next Decade of Debt
  10. $3 Trillion Tab for Unfunded Wars Remains Unpaid

1. Republican Leaders Agree U.S. Default Would Be a “Financial Disaster”
Senator Pat Toomey (R-PA), Rep. Michele Bachmann (R-MN) and White House hopeful Tim Pawlenty are among the GOP luminaries who have joined the ranks of what Dana Milbank called the “default deniers.” But you don’t have to take Treasury Secretary Timothy Geithner’s word for it “that if Congress doesn’t agree to an increase in the debt limit by August 2, the United States will be forced to default on its debt, potentially spreading panic and collapse across the globe.” As it turns out, Republican leaders (and their big business backers) have said the same thing.

In their few moments of candor, Republican leaders expressed agreement with Tim Geithner’s assessment that default by the U.S. “would have a catastrophic economic impact that would be felt by every American.” The specter of a global financial cataclysm has been described as resulting in “severe harm” (McCain economic adviser Mark Zandi), “financial collapse and calamity throughout the world” (Senator Lindsey Graham) and “you can’t not raise the debt ceiling” (House Budget Committee Chairman Paul Ryan). In January, even Speaker John Boehner acknowledged as much:

“That would be a financial disaster, not only for our country but for the worldwide economy. Remember, the American people on election day said, ‘we want to cut spending and we want to create jobs.’ And you can’t create jobs if you default on the federal debt.”

2. Ronald Reagan Tripled the National Debt
Among the Republicans who prophesied the default doomsday scenario was none other than conservative patron saint, Ronald Reagan. As he warned Congress in November 1983:

“The full consequences of a default — or even the serious prospect of default — by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar.”

Reagan knew what he was talking about. (N.B. Really?  Only by accident). After all, the hemorrhage of red ink at the U.S. Treasury was his doing.

As most analysts predicted, Reagan’s massive $749 billion supply-side tax cuts in 1981 quickly produced even more massive annual budget deficits. Combined with his rapid increase in defense spending, Reagan delivered not the balanced budgets he promised, but record-setting debt. Even his OMB alchemist David Stockman could not obscure the disaster with his famous “rosy scenarios.”

Forced to raise taxes eleven times to avert financial catastrophe, the Gipper nonetheless presided over a tripling of the American national debt to nearly $3 trillion. By the time he left office in 1989, Ronald Reagan more than equaled the entire debt burden produced by the previous 200 years of American history. It’s no wonder Stockman lamented last year:

[The] debt explosion has resulted not from big spending by the Democrats, but instead the Republican Party’s embrace, about three decades ago, of the insidious doctrine that deficits don’t matter if they result from tax cuts.”

It’s no wonder the Gipper cited the skyrocketing deficits he bequeathed to America as his greatest regret.

3. George W. Bush Doubled the National Debt
Following in Reagan’s footsteps, George W. Bush buried the myth of Republican fiscal discipline.

Inheriting a federal budget in the black and CBO forecast for a $5.6 trillion surplus over 10 years, President George W. Bush quickly set about dismantling the progress made under Bill Clinton. Bush’s $1.4 trillion tax cut in 2001, followed by a $550 billion second round in 2003, accounted for the bulk of the yawning budget deficits he produced. (It is more than a little ironic that Paul Ryan ten years ago called the tax cuts “too small” because he believed the estimated surplus Bush eviscerated would be even larger.)

Like Reagan and Stockman before him, Bush resorted to the rosy scenario to claim he would halve the budget deficit by 2009. Before the financial system meltdown last fall, Bush’s deficit already reached $490 billion. (And even before the passage of the Wall Street bailout, Bush had presided over a $4 trillion increase in the national debt, a staggering 71% jump.) By January 2009, the mind-numbing deficit figure reached $1.2 trillion, forcing President Bush to raise the debt ceiling to $11.3 trillion.

4. Republicans Voted Seven Times to Raise Debt Ceiling for President Bush
“Reagan,” Vice President Dick Cheney famously declared in 2002, “proved deficits don’t matter.” Not, that is, unless a Democrat is in the White House.

As Donny Shaw documented in January 2010, Republican intransigence on the debt ceiling only began in earnest when Bush left the White House for good.

The Republicans haven’t always been against increasing the federal debt ceiling. This is the first time in recent history (the past decade or so) that no Republican has voted for the increase. In fact, on most of the ten other votes to increase the federal debt limit that the Senate has taken since 1997, the Republicans provided the majority of the votes in favor.

As it turns out, Republican majorities voted to raise the U.S. debt ceiling seven times while George W. Bush sat in the Oval Office. (It should be noted, as Ezra Kleindid, that party-line votes on debt ceiling increases tied to other legislation is not solely the province of the GOP.) As ThinkProgress pointed out, during the Bush presidency, the current GOP leadership team voted 19 times to increase debt limit. During his tenure, the U.S. national debt doubled, fueled by the Bush tax cuts of 2001 and 2003, the Medicare prescription drug plan and the unfunded wars in Iraq and Afghanistan. And Mitch McConnell and John Boehner voted for all of it and the debt which ensued because, as Orrin Hatch later explained:

“It was standard practice not to pay for things.”

5. Federal Taxes Now at a 60 Year Low
Even as Vice President Biden leads bipartisan negotiations to trim at least $1 trillion from the national debt, Republican leaders faithfully regurgitate the refrain that tax increases are “off the table.” In one form or another, Mitch McConnell, Eric Cantor and just about every other conservative mouthpiece parroted Speaker John Boehner’s line that:

“Medicare, Medicaid – everything should be on the table, except raising taxes.”

Which purely by the numbers (if not ideology) is an odd position to take. After all, as a percentage of the U.S. economy, the total federal tax bite hasn’t been this low in 60 years.

As the chart representing President Obama’s 2012 budget proposal above reflects, the American tax burden hasn’t been this low in generations. Thanks to the combination of the Bush Recession and the latest Obama tax cuts, the AP reported, “as a share of the nation’s economy, Uncle Sam’s take this year will be the lowest since 1950, when the Korean War was just getting under way.” In January, the Congressional Budget Office (CBO) explained that “revenues would be just under 15 percent of GDP; levels that low have not been seen since 1950.” That finding echoed an earlier analysis from the Bureau of Economic Analysis. Last April, the Center on Budget and Policy Priorities concluded, “Middle-income Americans are now paying federal taxes at or near historically low levels, according to the latest available data.” As USA Today reported last May, the BEA data debunked yet another right-wing myth:

Federal, state and local taxes — including income, property, sales and other taxes — consumed 9.2% of all personal income in 2009, the lowest rate since 1950, the Bureau of Economic Analysis reports. That rate is far below the historic average of 12% for the last half-century. The overall tax burden hit bottom in December at 8.8% of income before rising slightly in the first three months of 2010.“The idea that taxes are high right now is pretty much nuts,” says Michael Ettlinger, head of economic policy at the liberal Center for American Progress.

Or as former Reagan Treasury official Bruce Bartlett explained it this week the New York Times:

In short, by the broadest measure of the tax rate, the current level is unusually low and has been for some time. Revenues were 14.9 percent of G.D.P. in both 2009 and 2010. Yet if one listens to Republicans, one would think that taxes have never been higher, that an excessive tax burden is the most important constraint holding back economic growth and that a big tax cut is exactly what the economy needs to get growing again.

6. Bush Tax Cuts Didn’t Pay for Themselves or Spur “Job Creators”
That Republican intransigence persists despite the complete debunking of two of the GOP’s favorite myths.

The first tried and untrue Republican talking point is that “tax cuts pay for themselves.” Sadly, that right-wing mythmaking is belied by the massive Bush deficits, half of which (as the CBPP chart in section 3 above shows} were the result of the Bush tax cuts themselves. As a percentage of the American economy, tax revenues peaked in 2000; that is, before the Bush tax cuts of 2001 and 2003. Despite President Bush’s bogus claim that “You cut taxes and the tax revenues increase,” Uncle Sam’s cash flow from individual income taxes did not return to its pre-dot com bust level until 2006.

The second GOP fairy tale, as expressed by Speaker Boehner, is that “The top one percent of wage earners in the United States…pay forty percent of the income taxes…The people he’s {President Obama] is talking about taxing are the very people that we expect to reinvest in our economy.”

If so, the Republican’s so-called “Job Creators” failed to meet those expectations under George W. Bush. After all, the last time the top tax rate was 39.6% during the Clinton administration, the United States enjoyed rising incomes, 23 million new jobs and budget surpluses. Under Bush? Not so much.

On January 9, 2009, the Republican-friendly Wall Street Journal summed it up with an article titled simply, “Bush on Jobs: the Worst Track Record on Record.” (The Journal’s interactive table quantifies his staggering failure relative to every post-World War II president.) The dismal 3 million jobs created under President Bush didn’t merely pale in comparison to the 23 million produced during Bill Clinton’s tenure. In September 2009, the Congressional Joint Economic Committee charted Bush’s job creation disaster, the worst since Hoover:

As David Leonhardt of the New York Times aptly concluded last year:

Those tax cuts passed in 2001 amid big promises about what they would do for the economy. What followed? The decade with the slowest average annual growth since World War II. Amazingly, that statement is true even if you forget about the Great Recession and simply look at 2001-7.

7. Ryan Budget Delivers Another Tax Cut Windfall for Wealthy
Looking at that dismal performance, Leonhardt rightly asked, “Why should we believe that extending the Bush tax cuts will provide a big lift to growth?” At a time ofrecord income inequality which saw the incomes of the richest 400 Americans taxpayers double even as their tax rates were halved, that’s a fair question to say the least.

For Paul Ryan and the Republican Party, the answer is simple: because we said so.

As Ezra KleinPaul Krugman and Steve Benen among others noted, the House Republicans “Plan for America’s Job Creators” is simply a repackaging of years of previous proposals and GOP bromides. (As Klein pointed out, the 10 page document “looks like the staffer in charge forgot the assignment was due on Thursday rather than Friday, and so cranked the font up to 24 and began dumping clip art to pad out the plan.”) At the center of it is the same plan from the Ryan House budget passed in April to cut the top individual and corporate tax rates to 25%.

The price tag for the Republican proposal is a jaw-dropping $4.2 trillion. And as Matthew Yglesias explained, earlier analyses of similar proposals in Ryan’s Roadmap reveal that working Americans would have to pick up the tab left unpaid by upper-income households:

This is an important element of Ryan’s original “roadmap” plan that’s never gotten the attention it deserves. But according to a Center for Tax Justice analysis (PDF), even though Ryan features large aggregate tax cuts, ninety percent of Americans would actually pay higher taxes under his plan.In other words, it wasn’t just cuts in middle class benefits in order to cut taxes on the rich. It was cuts in middle class benefits and middle class tax hikes in order to cut taxes on the rich. It’ll be interesting to see if the House Republicans formally introduce such a plan and if so how many people will vote for it.

We now know the answer: 235 House Republicans and 40 GOP Senators.

8. Ryan Budget Will Require Raising Debt Ceiling – Repeatedly
Largely overlooked in the media coverage of the Republican debt ceiling hostage drama is this: those 235 House Republicans and 40 GOP Senators who supported Paul Ryan’s 2012 budget bill voted to add $6 trillion to the U.S. national debt over the next decade. And that means, as Speaker John Boehner acknowledged, Republicans now and in the future would have to increase the debt ceiling – repeatedly.

Of course, you’d never know that based on the incendiary rhetoric from the leading lights of the Republican Party and their right-wing echo chamber. Senator Rand Paul(R-KY) said his vote to bump up the debt ceiling would come at the cost of a balanced budget amendment to the Constitution, “the last time we’re doing it.” His South Carolina colleague Jim Demint threatened to filibuster the increase, even if it meant the GOP’s “Waterloo.” The number two House Republican Eric Cantor (R-VA) regurgitated that line, telling Democrats the GOP “will not grant their request for a debt limit increase” without major spending cuts or budget process reforms.” For his part, House Budget Committee Chairman Paul Ryan insisted, “We won’t raise, just simply raise, the debt limit,” adding, “We will vote to have spending cuts and controls in conjunction with the debt limit increase.” As giddy right-wing bloggers like Patterico described the right-wing’s scorched earth strategy:

If Republicans are going to vote to raise the debt ceiling — and not to do so will indeed cause financial chaos — they have to extract concessions sufficient that they can credibly say: this is the last such vote we will ever have to have.

Sadly, as Ezra Klein of the Washington Post explained last month, “Republicans can’t meet their own deficit and spending targets.” The Ryan plan to privatize Medicare, slash and convert Medicaid into block grants, and deliver another tax-cut windfall for the wealthy nevertheless “blows through both their spending and debt caps”:

House Republicans voted to make the Ryan budget law. But the Ryan budget includes $6 trillion in new debt over the next 10 years, which means that to become law, the Ryan budget would require a substantial increase in the debt ceiling. But before the Republicans agree to increase the debt ceiling so that the budget they passed can become law, Republicans are demanding the passage of either a balanced budget amendment that would make the Ryan budget unconstitutional or a spending cap that the Ryan budget would, in certain years (and if you’re using more realistic numbers, in all years), exceed.

It’s no wonder Klein’s Washington Post colleague Matt Miller deemed the Republican budgetary horror story “The Shining – National Debt Edition” before concluding that Boehner’s “awe-inspiring hypocrisy on the debt limit” is one of those moments of “political behavior that can only be dubbed Super-Duper Hypocrisy So Brazen They Must Really Think We’re Idiots.”

9. Tax Cuts Drive the Next Decade of Debt
“President Obama’s agenda, ambitious as it may be, is responsible for only a sliver of the deficits, despite what many of his Republican critics are saying,” the New York Times’ David Leonhardt explained in 2009, adding, “The economic growth under George W. Bush did not generate nearly enough tax revenue to pay for his agenda, which included tax cuts, the Iraq war, and Medicare prescription drug coverage.” That fall, former Reagan Treasury official Bruce Bartlett offered just that kind of honesty to the born again deficit virgins of his Republican Party. Noting that the FY2009 deficit of $1.4 trillion was solely due to lower tax revenues and not increased spending, Bartlett concluded:

“I think there are grounds on which to criticize the Obama administration’s anti-recession actions. But spending too much is not one of them. Indeed, based on this analysis, it is pretty obvious that spending – real spending on things like public works – has been grossly inadequate. The idea that Reagan-style tax cuts would have done anything is just nuts.”

Which is exactly right. Thanks to the steep recession, as the Congressional Budget Office (CBO) and others have documented time and again, the overall federal tax burden as a percentage of GDP is now down to levels not seen since Harry Truman was in the White House. (The two-year tax cut compromise in December didn’t help any, adding $400 billion to the deficit this year and next.) But is the Bush tax cuts themselves, which Republicans want to make permanent and then (as the Ryan budget mandates) lower further, which account for much of the revenue drain into the future.

As a recent analysis by the Center on Budget and Policy Priorities showed, over the next decade the Bush tax cuts account for more of the nation’s debt than Iraq, Afghanistan, TARP, the stimulus, and revenue lost to the recession combined:

10. $3 Trillion Tab for Unfunded Wars Remains Unpaid
Over the next ten years, the costs of America’s wars in Iraq and Afghanistan will decline as the U.S. commitments there come to an end. But almost ten years, 6,000 U.S. dead and over a trillion dollars after the attacks of September 11, it’s time to pay for our wars.

In May, the National Journal estimated that the total cost to the U.S. economy of the war against Al Qaeda will reach $3 trillion. In 2008, Nobel Prize-winning economistJoseph Stiglitz put the price of the Iraq conflict alone at $3 trillion.

But by 2020 and beyond, the direct cost to U.S. taxpayers could reach $3 trillion. In March, the Congressional Research Service put the total cost of the wars at $1.28 trillion, including $806 billion for Iraq and $444 billion for Afghanistan. For the 2012 fiscal year which begins on October 1, President Obama asked for $117 billion more. (That war-fighting funding is over and above Secretary Gates’ $553 billion Pentagon budget request for next year.)

But in addition to the roughly $1.5 trillion tally for both conflicts through the theoretical 2014 American draw down date in Afghanistan, the U.S. faces staggering bills for veterans’ health care and disability benefits. Last May, an analysis by the Center for American Progress estimated the total projected total cost of Iraq and Afghanistan veterans’ health care and disability could reach between $422 billion to $717 billion. Reconstruction aid and other development assistance represent tens of billions more, as does the additional interest on the national debt. And none of the above counts the expanded funding for the new Department of Homeland Security.

But that two-plus trillion dollar tab doesn’t account for the expansion of the United States military since the start of the “global war on terror.” As a percentage of the American economy, defense spending jumped from 3.1% in 2001 to 4.8% last year. While ThinkProgress noted that the Pentagon’s FY 2012 ask is “the largest request ever since World War II,” McClatchy explained:

Such a boost would mark the 14th year in a row that Pentagon spending has increased, despite the waning U.S. presence in Iraq. In dollars, Pentagon spending has more than doubled in 10 years. Even adjusted for inflation, the Defense Department budget has risen 65% in the past decade.

Even as the World Trade Center site was still smoldering, Republicans insisted Al Qaeda represented an existential threat to the United States. President Bush repeatedly compared 9/11 to Pearl Harbor and his war on terror to World War II. But he never asked Americans to join the military or sacrifice at home. Instead, Bush told us to go shopping and “get down to Disney World.”

From a public policy standpoint, post-9/11 America in no way resembles FDR’s response to Pearl Harbor. George W. Bush was the first modern president to cut taxes during wartime. Barack Obama was the second.

Its time, as Bernie SandersAl Franken and the Congressional Progressive Caucus each proposed, to begin paying for the unfunded conflicts fought in our name.”

Emphasis Mine

The Ideological Crisis of Western Capitalism

A decade ago, in the midst of an economic boom, the US faced a surplus so large that it threatened to eliminate the national debt. Unaffordable tax cuts and wars, a major recession, and soaring health-care costs – fueled in part by the commitment of George W. Bush’s administration to giving drug companies free rein in setting prices, even with government money at stake – quickly transformed a huge surplus into record peacetime deficits.

Joseph E. Stiglitz, Project Syndicate From Truthout

“Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980’s until 2007, American-style deregulated capitalism brought greater material well-being only to the very richest in the richest country of the world. Indeed, over the course of this ideology’s 30-year ascendance, most Americans saw their incomes decline or stagnate year after year.

Moreover, output growth in the United States was not economically sustainable. With so much of US national income going to so few, growth could continue only through consumption financed by a mounting pile of debt.

I was among those who hoped that, somehow, the financial crisis would teach Americans (and others) a lesson about the need for greater equality, stronger regulation, and a better balance between the market and government. Alas, that has not been the case. On the contrary, a resurgence of right-wing economics, driven, as always, by ideology and special interests, once again threatens the global economy – or at least the economies of Europe and America, where these ideas continue to flourish.

In the US, this right-wing resurgence, whose adherents evidently seek to repeal the basic laws of math and economics, is threatening to force a default on the national debt. If Congress mandates expenditures that exceed revenues, there will be a deficit, and that deficit has to be financed. Rather than carefully balancing the benefits of each government expenditure program with the costs of raising taxes to finance those benefits, the right seeks to use a sledgehammer – not allowing the national debt to increase forces expenditures to be limited to taxes.

This leaves open the question of which expenditures get priority – and if expenditures to pay interest on the national debt do not, a default is inevitable. Moreover, to cut back expenditures now, in the midst of an ongoing crisis brought on by free-market ideology, would inevitably simply prolong the downturn.

A decade ago, in the midst of an economic boom, the US faced a surplus so large that it threatened to eliminate the national debt. Unaffordable tax cuts and wars, a major recession, and soaring health-care costs – fueled in part by the commitment of George W. Bush’s administration to giving drug companies free rein in setting prices, even with government money at stake – quickly transformed a huge surplus into record peacetime deficits.

The remedies to the US deficit follow immediately from this diagnosis: put America back to work by stimulating the economy; end the mindless wars; rein in military and drug costs; and raise taxes, at least on the very rich. But the right will have none of this, and instead is pushing for even more tax cuts for corporations and the wealthy, together with expenditure cuts in investments and social protection that put the future of the US economy in peril and that shred what remains of the social contract. Meanwhile, the US financial sector has been lobbying hard to free itself of regulations, so that it can return to its previous, disastrously carefree, ways.

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But matters are little better in Europe. As Greece and others face crises, the medicine du jour is simply timeworn austerity packages and privatization, which will merely leave the countries that embrace them poorer and more vulnerable. This medicine failed in East Asia, Latin America, and elsewhere, and it will fail in Europe this time around, too. Indeed, it has already failed in Ireland, Latvia, and Greece.

There is an alternative: an economic-growth strategy supported by the European Union and the International Monetary Fund. Growth would restore confidence that Greece could repay its debts, causing interest rates to fall and leaving more fiscal room for further growth-enhancing investments. Growth itself increases tax revenues and reduces the need for social expenditures, such as unemployment benefits. And the confidence that this engenders leads to still further growth.

Regrettably, the financial markets and right-wing economists have gotten the problem exactly backwards: they believe that austerity produces confidence, and that confidence will produce growth. But austerity undermines growth, worsening the government’s fiscal position, or at least yielding less improvement than austerity’s advocates promise. On both counts, confidence is undermined, and a downward spiral is set in motion.

Do we really need another costly experiment with ideas that have failed repeatedly? We shouldn’t, but increasingly it appears that we will have to endure another one nonetheless. A failure of either Europe or the US to return to robust growth would be bad for the global economy. A failure in both would be disastrous – even if the major emerging-market countries have attained self-sustaining growth. Unfortunately, unless wiser heads prevail, that is the way the world is heading.”

Emphasis Mine

see:http://www.truth-out.org/ideological-crisis-western-capitalism/1310127895

Union, Yes! – Global Warming, No!

At the Ohio Conference on Labor in the New Energy Economy, held at the Crown Center Plaza in Cleveland on May 18, 2009, a gathering of laborers, unionists, activists, enviromentalists, and academics considered:

  o Can we create good, family- sustaining,  union jobs,

  o that thrive in a green, efficent, ecologically correct and economically sustainable environment,

  o and produce green products and services?

The conclusion?  Yes We Can!  We all breathe the same air, and when we all pull together, we will succeed!

Unions are not part of the problem, but an integral part of the solution; what has worked in the past is not part of the solution, but part of the problem.

Thanks to Sherrod Brown, Policy Matters Ohio, North Shore Federation of Labor, COWS, and the Apollo Alliance.

Wagering on our environment

Using reasoning like Blaise Pascal’s famous ‘wager’ ( see: http://plato.stanford.edu/entries/pascal-wager/), let’s use that approach in dealing with our environment, and global warming.

Starting with the observation that warming is occuring, there are two possibilities:

A: Human activity(production of carbon dioxide) is having an impact, or

B: It is not.

We have two alternatives:

1: We can reduce our carbon dioxide output by reducing our use of fossil fuels.

2: We can maintain our current policy of using oil and coal.

Arranging into a table:

A                                                B

1: Use non-fossil fuels:   Win& Win – see A1 below                  Win – see B1 below

2: Use fossil fuels              Lose & lose Lose- see A2 below    Lose  – see B2 below

A1: Win & Win: Not only do we protect the future of our species, but we improve sustainablity and reduce dependence on other countries.

A2: Win:  We improve sustainablity and reduce dependence on other countries.

B1: Lose & Lose: We have an unsubstainable economy, dependent on other countries, and the future of our species is threatened.

B2: Lose: We have an unstainable economy, dependent on other countries.

With these results, our decision must be to reduce the use of carbon fuels.  In addition, applying Occam’s razor: (see

http://www.merriam-webster.com/dictionary/occam’s+razor),

we don’t even need the supposition that global warm is occuring- it is still a benefit to convert to non-fossil fuels.  Q.E.D.