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Wednesday, February 14, 2018

Enough Is Enough Already! (Yet Again)

Another day, another horrible mass shooting.  Another week, another horrible school shooting--this time a Florida high school by an armed-to-the-teeth 19 year old former student that had been previously expelled from that school, killing 17 victims and injuring countless others--more so than even Columbine (1999) and almost as many as Virginia Tech (2007).  On Valentine's Day, no less.  How evil can one get?  Seems that mass shootings in general have become an almost daily occurrence in recent years, and school shootings in particular an almost weekly occurrence--in the USA at least.  But the rest of the industrialized world doesn't really seem to have this kind of problem.  Why is that?  Well, there's always....

GUNS.

America is the land of 300 million guns, and combined with a culture that is crazier and more violent than most other "developed" countries, and much more extreme inequality, it is a very lethal combination indeed.  And some states, such as Florida, have particularly lax gun laws compared to other states.  Of course, the biggest elephant in the room is the fact that at least 98% of mass shooters are MEN.  Thanks to the patriarchy and the sort of "toxic masculinity" that it creates, combined with the above factors, too many men end up resorting to violence.  Like the Iron Maiden song says, "a briefcase, a lunch, and a man on the edge".  With a gun. I mean, what could possibly go wrong, right?

There should be no doubt at this point that something needs to be done.  However, we do not believe that banning all guns for everyone, or adopting British or European-style gun laws, is the solution, as the genie is already out of the bottle, and there is also that whole Constitution thingy as well.  Thus, the TSAP recommends that the following measures be taken:

  1. Bring back a new and improved 1994 assault-weapons ban yesterday, this time with more teeth.  This time, include all rapid-fire devices and all magazines with more than ten rounds in the ban as well as the previously-banned types of semi-automatic rifles and their knockoffs.
  2. Remove the 20-year ban on gun violence research, yesterday. 
  3. End the gun-show loophole and implement universal background checks, yesterday.
  4. Put a significant excise tax on all bullets/ammo, like Chris Rock recommended. (Seriously)
  5. Treat ammo sales the same as gun sales.  Or better yet, treat bullets like Sudafed:  must show ID, limit on the number that one can buy, the number bought would be recorded, and if you do buy too many, you will be investigated.
  6. Pass a "one gun a month" law at the federal level.  And consider perhaps putting a limit on the number of guns that an individual can own at a given time, except for antiques/relics/curios.
  7. Require reporting of lost or stolen guns.
  8. Regulate firearms like other consumer products in terms of health and safety standards--currently such standards are nonexistent.
  9. Improve enforcement of existing gun laws, which tend not to be enforced very well these days, and improve state reporting of prohibited persons to NICS.  Also, prohibit anyone on the terrorism watch list from buying any guns, period. 
  10. Consider a massive gun buyback program, one that pays significantly more than what the guns are worth on the street.  Voluntary for any still-legal weapons, mandatory for any newly-banned ones. 
  11. And last but not least, improve our woefully-inadequate mental healthcare system.
Of course, to truly solve our gun violence problem would require a fundamental overhaul and transformation of our society, which the TSAP clearly supports.  We need to go from being what Riane Eisler calls a "dominator" society to more of a "partnership" society, as the latter kind is far less violent overall.   But in the meantime, the aforementioned recommendations would go a long way towards taking the dangerous edge off of the problem. 

While we don't know why this particular mass murderer did what he did, it was most likely due to a combination of toxic masculinity, easy access to weapons of war (including the obligatory AR-15), and some sort of grudge with the school that kicked him out.  He was also known to do reckless stuff, wanted to join the military (most likely for the wrong reasons), and apparently enjoyed hunting.  Regardless of the motive, the first two factors are absolutely essential for virtually all mass shootings, whether in schools or otherwise.

And before anyone starts getting on their anti-youth high horse about this, keep in mind that the zero-tolerance school policies put in place in the wake of Columbine, along with the increasingly prison-like atmosphere in schools these days, have done absolutely nothing to stop school shootings from increasing dramatically since then.  Such tragic events went from occurring an average of once or twice a year in the 1990s and early 2000s to nearly once a WEEK this year so far as well as the past few years.  If anything, one can argue that the "powder keg" atmosphere made things worse in the long run.  And of course, most mass shooters in general are over 21 and the vast, vast majority are over 18.  

I don't know about you, but my favorite part of the Second Amendment is where it says "well-regulated".  Too bad so many Republican Congresscritters who are bought and paid for by the NRA can't seem to read the first half of the freaking sentence.  Oh, and nevermind that when it was written, guns at that time fired at most one round per minute, not 600+ per minute like so many of today's killing machines.  Not like the gun lobby and their lackeys really do nuance.

UPDATE:  Looks like the killer in this case may have been a white nationalist (i.e. "alt-right" white supremacist, or at least a fellow traveler) of some sort despite being at least part Latino.  And it appears that he had quite a dark side for a while:  a troublemaker, kicked out of school for fighting, stalked a girl, fascinated with guns, and enjoyed killing animals for fun.  The FBI was even warned last year that he posted online that he wanted to be "a professional school shooter".  But no red flags there, right?  Apparently not enough to keep him from getting his hands on an AR-15 and plenty of ammo, at least.

Saturday, February 10, 2018

The $20+ Trillion Question

Now that the government shutdown and debt-ceiling brinksmanship has been averted (for now), the $20+ TRILLION question remains:  what are we going to do about the national debt?  Especially now that it is set to skyrocket even further into the stratosphere due to both massive tax cuts (mainly for the rich and mega-corporations) and spending increases, including on our already over-bloated and over-extended military.  It is now mathematically impossible to pay it off at this point.  So what is the solution, then?

Obviously, if we find ourselves in a hole (especially one as deep as this), the first thing we should do is stop digging.   That is known as the First Law of Holes.  That means no more deficit spending for the foreseeable future, period. But unfortunately, that's a lot easier said than done. Taxes will have to go up and spending will have to go down--dramatically.   And that would do more harm than good at the levels it would need to be done.  There is really no way around that.

However, there actually is a painless (albeit unconventional) method of paying off the debt in one fell swoop.  Not just this year's deficit, but ALL of the cumulative $20 trillion of the debt. It's called the Noble Solution (named after its creator, Richard E. Noble) and does not involve any significant tax hikes or spending cuts. So what is it? It's something we never would have advocated just a few years ago:  printing (electronically creating) money out of thin air to pay it off all at once.  Alas, the genie is out of the bottle now, as the Feral Reserve has been creating money out of thin air for decades (including that recent whopping $16 trillion secret bailout of the banks, which eventually rose to nearly $30 trillion) so we might as well put this practice to productive use.  Money is really nothing more than an accounting entry nowadays, so let's make the entry and be done with it for good.

But wouldn't that lead to hyperinflation? Not if it is properly done with due diligence.  Noble points out that while creating money is undoubtedly inflationary, using it to pay off the debt (which is in Treasury bonds and is thus already part of the money supply) would be deflationary in that it would shrink the money supply by an equal amount. Thus, the two effects would cancel each other out, as paper (electronic data) would be exchanged for paper (data). Of course, we would have to bypass the Feral Reserve to avoid creating more debt in the process, such as #MintTheCoin. Or better yet, abolish or nationalize the Feral Reserve entirely and return the power of money creation to its rightful owners, our elected representatives in Congress and the Department of the Treasury.  America would then be free and clear for the first time in history since Thomas Jefferson.

Of course, while doing it once may not be harmful, doing it regularly can be.  To make sure we never have to do this again, we must make sure the debt never, ever, reaches such stratospheric levels again, period.  In addition to nationalizing the Feral Reserve to make it a public national bank that creates interest-free currency, fiscal policy must be tightened after the Noble Solution is implemented and the debt is paid off.  We have already outlined in previous posts what must be done as far as taxes and spending are concerned.  We should also have a Balanced Budget Amendment added to the Constitution as well, albeit with a "safety valve" allowing deficit spending during legitimately declared wars of necessity, national emergencies, recessions, or any time the U3 unemployment rate exceeds 6% and/or the U6 rate exceeds 12%.  Without that safety valve, such an amendment can easily do more harm than good.  Alternatively, or in addition to the above, there is also the legendary Warren Buffett's clever idea:  make a law that anytime the budget deficit exceeds 3% of GDP, all sitting members of Congress are ineligible for re-election, period.  Problem solved.

Of course, the longer-term drivers of future debt obligations are the programs that make up so-called "entitlement" spending, mainly Social Security, Medicare, and Medicaid.   But even here, there is less than meets the eye.  For Social Security, that can be resolved by 1) scrapping the wage cap on FICA taxes (or raising it to an arbitrarily high level like $1 million or $10 million), 2) indexing initial benefits to prices or median wages instead of average wages, and 3) very gradually raising the full retirement age to 70 for those born after 1980 or so.  In fact, if we did all those things plus a very slight 0.2% hike in the FICA tax, we could even expand Social Security (and perhaps briefly lower the retirement age a bit in the short term) while still keeping it solvent for the foreseeable future.  For Medicare and Medicaid, the only real long-term solution to their burgeoning fiscal woes is a truly universal single-payer healthcare system that can bend the cost curve downward by taking the profit out of healthcare and especially tackling the price-gouging of Big Pharma.  And other proposed solutions are mere window-dressing at best.

But the bottom line is that the debt must be defeated, and soon.  We simply cannot afford to continue kicking this can further down the road.  Otherwise we may very well go the way of the Romans.

Friday, February 9, 2018

Dear Congress (and Trump): YOU'RE FIRED! (Again)

Though this time it was brief and over within a matter of hours, there was nonetheless yet another government shutdown last night.  Just three weeks after the first one.  All because Congress couldn't get their act together and pass even a very brief stopgap funding bill in time, though they did ultimately come to a longer-term two-year budget deal once the perennial gadfly Rand Paul finally got out of the way.

Like the shutdown in 2013, as well as the one three weeks ago, the blame lies primarily with Republicans.  This time around, like last time, it was initially their refusal to negotiate with Democrats about several pressing issues, most notably DACA, in the past several weeks that led to the current impasse, though they did finally come to a deal that Rand Paul held up for hours.  Specifically, he vehemently disagreed with the increase in government spending, a point that was really not too far off the mark.   Granted with a Republican president this time, the roles of offense and defense have been reversed, but Trump has clearly sent mixed signals and has essentially been engaging in chaos manufacture all this time, though he did favor this deal and sign it into law.  Regardless, this Congress and the Trump regime both put the "funk" back in "dysfunctional"!

The new two-year deal, however, is also quite problematic in that it massively increases government spending, especially on "defense" (read: our already over-bloated and over-extended military), on the heels of that massive tax cut mostly for the rich and corpoations, at a time when the national debt already exceeds $20 TRILLION, which is just over 100% of GDP.  The deficit alone will thus most likely exceed a trillion next year, if not sooner.  There are some good things in the deal (such as disaster relief and healthcare), to be sure, but now is absolutely NOT the time to spend like a bunch of sailors and make the national debt skyrocket even further into the stratosphere.  With an unemployment rate around 4%, which is basically "full employment" by today's standards, now is the time to start running budget surpluses, NOT yawning deficits.   It's called "countercyclical finance", folks. John Maynard Keynes must be spinning in his grave right now!

That said, the TSAP hereby gives virtually all 535 members of this most dysfunctional Congress in history, especially (but not limited to) Republicans, a vote of "no confidence", and we will take their government shutdown to imply the resignation of such members.   We also do the same for Trump as well, obviously.  We thus encourage every reader of this blog to sign the following petitions:

Dear Congress:  We Accept Your Resignation
No Pay for Congress During Shutdown
No Budget, No Pay
Minimum Wage for Congress
Impeach Donald Trump Now

Let them know that We the People have had ENOUGH of the gridlock, grandstanding, backstabbing, corruption, venality, follies, lies, recklessness, childishness, and otherwise outrageous behavior of Congress, along with the mendacity, recklessness, instability, incompetence, hate, chaos manufacture, grift, graft, and scandals of the orange menace in the White House. If we weren't clear, we'll say it again:

YOU'RE FIRED!!!

So what's the opposite of "progress" again?  You guessed it.