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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (71752)7/8/2006 8:36:31 PM
From: Skywatcher  Read Replies (2) | Respond to of 173976
 
Bush wants to reward IRAQ for their prime minister saying
THOSE WHO ATTACKED US TROOPS should GET AMNESTY...
no WONDER he and his family LOVE THE SAUDI TERRORISTS



To: Kenneth E. Phillipps who wrote (71752)7/8/2006 9:45:34 PM
From: Hope Praytochange  Read Replies (1) | Respond to of 173976
 
demoRATS deficit ??? Surprising Jump in Tax Revenues Is Curbing Deficit
By EDMUND L. ANDREWS
WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

On Tuesday, White House officials are expected to announce that the tax receipts will be about $250 billion above last year's levels and that the deficit will be about $100 billion less than what they projected six months ago. The rising tide in tax payments has been building for months, but the increased scale is surprising even seasoned budget analysts and making it easier for both the administration and Congress to finesse the big run-up in spending over the past year.

Tax revenues are climbing twice as fast as the administration predicted in February, so fast that the budget deficit could actually decline this year.

The main reason is a big spike in corporate tax receipts, which have nearly tripled since 2003, as well as what appears to be a big rise in individual taxes on stock market profits and executive bonuses.

On Friday, the Congressional Budget Office reported that corporate tax receipts for the nine months ending in June hit $250 billion — nearly 26 percent higher than the same time last year — and that overall revenues were $206 billion higher than at this point in 2005.

Congressional analysts say the surprise windfall could shrink the deficit this year to $300 billion, from $318 billion in 2005 and an all-time high of $412 billion in 2004.

Republicans are already arguing that the revenue jump proves that their tax cuts, especially the 2003 tax cut on stock dividends, would spur the economy and ultimately increase revenues.

"The tax relief we delivered has helped unleash the entrepreneurial spirit of America and kept our economy the envy of the world," President Bush said in his weekly radio address on Saturday.

Democrats and many independent budget analysts note that overall revenues have barely climbed back to the levels reached in 2000, and that the government has borrowed trillions of dollars against Social Security surpluses just as the first of the nation's baby boomers are nearing retirement. "The fact is that revenues are way below what the administration said they would be a few years ago," said Thomas S. Kahn, staff director for Democrats on the House Budget Committee. "The long-term prognosis is still very, very bleak, and the administration doesn't have any kind of long-term plan."

One reason the run-up in taxes looks good is because the past five years looked so bad. Revenues are up, but they have lagged well behind economic growth.

The surge could also evaporate as quickly as it appeared. Over the past decade, tax revenues have become much more volatile, alternately soaring and plunging in the wake of swings in the stock market and repeatedly defying government projections.

Nevertheless, the short-term change has been striking. At the beginning of the year, the Congressional Budget Office projected that this year's deficit would be $371 billion and the White House Office of Management and Budget put the figure at $423 billion.

Corporate tax payments are expected to exceed $300 billion, up from $131 billion three years ago. The other big increase is an extraordinary jump in individual taxes that were not withheld from paychecks, usually a reflection of taxes on investment income and executive bonuses.

The jump in receipts is providing Mr. Bush and Republicans in Congress with a new opportunity to assert that tax cuts of 2001 and 2003 are working and that Congress should make them permanent.

Pat Toomey, president of the Club for Growth, a conservative political fund-raising group, said: "The supply-siders were absolutely right. All the major sources of revenue have grown, especially in areas where we said they would."

But budget analysts, supporters and critics of Mr. Bush alike, cautioned that this year's windfall would do little to improve the government's long-term budget woes.

Government spending under Mr. Bush continued to climb rapidly this year, more than twice as fast as the economy. Spending on the war in Iraq has accelerated, to about $120 billion this year.

Far more ominously, the nation's oldest baby boomers will be eligible for Social Security benefits in just two years. Conservatives and liberals alike predict a huge escalation in costs of Social Security and Medicare over the next several decades.

"The long-term outlook is such a deep well of sorrow that I can't get much happiness out of this year," said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and a former White House economist under President Bush.

Despite almost five years of economic growth, individual income taxes — the biggest component of federal tax revenues — have yet to reach the levels of 2000. Even with surging payments for investment profits and business income, individual tax payments in 2005 were only $972 billion — below the $1 trillion reached in 2000, even without adjusting for inflation.

Over all, individual and corporate taxes have lagged well behind the economy's growth over the past five years. Government spending, by contrast, mushroomed far faster than the economy.

And federal debt has ballooned to $8.3 trillion, up from $5.6 trillion when Mr. Bush took office. Republicans are trying to raise the authorized debt ceiling to $9.6 trillion.

War costs for Iraq and Afghanistan have totaled more than $300 billion since 2003, and the Bush administration has not included any war costs in its budget estimates beyond next year.

Domestic discretionary programs, like education and space exploration, have slowed their growth after climbing rapidly in Mr. Bush's first term. But entitlement programs, particularly Medicaid and Medicare, are climbing rapidly as a result of rising medical prices and Mr. Bush's prescription drug program.

Outlays for Medicare have climbed 15 percent this year and are expected to hit $300 billion. About half of that increase results from the new prescription drug program, which is expected to cost nearly $1 trillion over the next 10 years.

"Even if spending is not going up as fast as it was before, it's not coming down," said Robert L. Bixby, executive director of the Concord Coalition, a bipartisan group that advocates budget discipline.

Despite a public outcry this year over pork-barrel spending sought by individual lawmakers for local projects, Mr. Bixby said, the main causes of higher spending stem from the war in Iraq and entitlement programs.

Both supporters and critics of Mr. Bush cautioned against attributing much long-term significance to the recent fiscal improvement, in part because tax revenues have become more volatile.

In the late 1990's, revenues exceeded predictions by more than $100 billion a year. After the recession of 2001, revenues plunged about $100 billion below what could be explained by slower economic growth and higher unemployment.

One reason for the increased volatility may be that, contrary to a popular assumption, a disproportionate share of income taxes is paid by wealthy households, and their incomes are based much more on the swings of the stock market than on wages and salaries. About one-third of all income taxes are paid by households in the top 1 percent of income earners, who make more than about $300,000 a year. Because those households also earn the overwhelming share of taxable investment income and executive bonuses, both their incomes and their tax liabilities swing sharply in bull and bear markets.

"These people have incomes that fluctuate much more rapidly, so when the economy is doing well and the stock market is doing well, tax revenues will be up," said Brian Riedl, a budget analyst at the Heritage Foundation, a conservative research organization. "Rapidly fluctuating tax revenues will continue to be the norm for years to come."

Compared with the size of the economy, tax revenues are still below historical norms and far below what the administration predicted as recently as 2003.

Tax receipts amounted to about 17.5 percent of the nation's gross domestic product in 2005, far below the level five years ago and still slightly below the average of 18 percent since World War II. Spending, by contrast, is running at about 20 percent of gross domestic product .

"Spending has not been restrained," Mr. Riedl said. "One hundred percent of the reduced deficit is because taxpayers are sending more money to Washington."



To: Kenneth E. Phillipps who wrote (71752)7/8/2006 11:40:08 PM
From: puborectalis  Read Replies (1) | Respond to of 173976
 
July 9, 2006
Op-Ed Columnist
All the News That's Fit to Bully
By FRANK RICH
TWO weeks and counting, and the editor of The New York Times still has not been sentenced to the gas chamber. What a bummer for one California radio talk-show host, Melanie Morgan, who pronounced The Times guilty of treason and expressly endorsed that punishment. She and the rest of the get-the-press lynch mob are growing restless, wondering why newspapers haven't been prosecuted under the Espionage Act. "If Bush believes what he is saying," taunted Pat Buchanan, "why does he not do his duty as the chief law enforcement officer of the United States?"

Here's why. First, there is no evidence that the Times article on tracking terrorist finances either breached national security or revealed any "secrets" that had not already been publicized by either the administration or Swift, the Belgian financial clearinghouse enlisted in the effort. Second, the legal bar would be insurmountable: even Gabriel Schoenfeld, who first floated the idea of prosecuting The Times under the Espionage Act in an essay in Commentary, told The Nation this month that the chance of it happening was .05 percent.

But the third and most important explanation has nothing to do with the facts of the case or the law and everything to do with politics. For all the lynch mob's efforts to single out The Times — "It's the old trick, go after New York, go after big, ethnic New York," as Chris Matthews put it — three papers broke Swift stories on their front pages. Even in this bash-the-press environment, the last spectacle needed by a president with an approval rating in the 30's is the national firestorm that would greet a doomed Justice Department prosecution of The Times, The Wall Street Journal and The Los Angeles Times.

The administration has a more insidious game plan instead: it has manufactured and milked this controversy to reboot its intimidation of the press, hoping journalists will pull punches in an election year. There are momentous stories far more worrisome to the White House than the less-than-shocking Swift program, whether in the chaos of Anbar Province or the ruins of New Orleans. If the press muzzles itself, its under-the-radar self-censorship will be far more valuable than a Nixonesque frontal assault that ends up as a 24/7 hurricane veering toward the Supreme Court.

Will this plan work? It did after 9/11. The chilling words articulated at the get-go by Ari Fleischer (Americans must "watch what they say") carried over to the run-up to the Iraq war, when the administration's W.M.D. claims went unchallenged by most news organizations. That this strategy may work again can be seen in the fascinating escalation in tactics by the Bush White House's most powerful not-so-secret agent in the press itself, the Wall Street Journal editorial page. The Journal is not Fox News or an idle blogger or radio bloviator. It's the establishment voice of the party in power. The infamous editorial it ran on June 30 ("Fit and Unfit to Print"), an instant classic, doesn't just confer its imprimatur on the administration's latest crusade to conflate aggressive journalism with treason, but also ups the ante.

The editorial was ostensibly a frontal attack on The Times, accusing its editors of not believing America is "really at war" and of exercising bad faith in running its report on the Swift operation. But an attack on The Times by The Journal's editorial page is a shrug-inducing dog-bites-man story; the paper's conservative editorialists have long dueled with a rival whose editorials usually argue the other side. (And sometimes the Times opinion writers gleefully return the fire.) What was groundbreaking and unsettling about the Journal editorial was that it besmirched the separately run news operation of The Journal itself.

By any standard, The Journal is one of the great newspapers in the world, whether you agree with its editorials or not. As befits a great newspaper, its journalists are fearless in pursuit of news, as tragically exemplified by Daniel Pearl. Like reporters at The Times, those at The Journal operate independently of the paper's opinion pages. Witness The Journal's schism during the Enron scandal. Its editorial page belittled the scandal's significance most of the way, resisting even mild criticisms of Enron (it was "partly a victim of its own success") until it filed for bankruptcy. The dearly departed Ken Lay, after all, was the leading Bush financial patron; to the Journal editorialists, the "Clintonian moral climate" of the 1990's was a root cause of Enron's problems. Meanwhile, The Journal's investigative reporters had gone their own way months earlier, helping unearth the scandal. So much so that Mr. Lay tried to argue his innocence in the spring by testifying that a "witch hunt" by the paper's reporters had more to do with his company's demise than he did.

It was a similarly top-flight Journal reporter, Glenn Simpson, who wrote his paper's Swift story. But the Journal editorial page couldn't ignore him if it was attacking The Times for publishing its Swift scoop on the same day. So instead it maligned him by echoing Tony Snow's official White House line: The Journal was merely following The Times once it knew that The Times would publish anyway. As if this weren't insulting enough, the editorial suggested that the Treasury Department leaked much of the story to The Journal and that a Journal reporter could be relied upon to write a "straighter" account more to the government's liking than that of a Times reporter.

This version of events does not jibe with an e-mail sent by The Journal's own Washington bureau chief, Gerald Seib, on the day the Swift articles ran. "I was surprised to see your news story about the New York Times 'scoop' on the government program to monitor international bank transactions," Mr. Seib wrote to Joe Strupp of the trade publication Editor & Publisher. "As you could tell from the lead story on the front page of The Wall Street Journal today, we had the same story. Moreover, we posted it online early last evening, virtually at the same time The Times did. In sum, we and The Times were both chasing the story and crossed the finish line at the same time — and well ahead of The Los Angeles Times, which posted its story well after ours went up."

In other words, The Journal's journalists were doing their job with their usual professionalism. But by twisting this history, the Journal editorial page was sending an unsubtle shot across the bow, warning those in the newsroom (and every other newsroom) that their patriotism would be impugned, as The Times's had been, if they investigated administration conduct in wartime in ways that displeased the White House.

Any fan of The Journal's news operation expects it to stand up to this bullying. But the nastiness of the Journal editorial is a preview of what we can expect from the administration and all of its surrogates this year. In "The One Percent Doctrine," the revelatory book about wartime successes and failures now (happily) outpacing Ann Coulter at Amazon.com, the former Wall Street Journal reporter Ron Suskind explains just how tough it is for a reporter in this climate: "to report about national affairs and, especially, national security in this contentious period demands at least a spoonful of disobedience — a countermeasure to strong assurances by those in power that the obedient will be rewarded or, at the very least, have nothing to worry about."

The trouble is we have plenty to worry about. For all the airy talk about the First Amendment, civil liberties and Thomas Jefferson in the debate over the Swift story and the National Security Agency surveillance story before it, there's an urgent practical matter at stake, too. Now more than ever, after years of false reports of missions accomplished, the voters need to do what Congress has failed to do and hold those who mismanage America's ever-expanding war accountable for their performance in real time.

As George Will wrote in March, all three members of the "axis of evil" — Iraq, Iran and North Korea — are "more dangerous than they were when that phrase was coined in 2002." So is Afghanistan, which is spiraling into Taliban-and-drug-lord anarchy, without nearly enough troops or other assistance to secure it. On the first anniversary of the London bombings, and on a surging wave of new bin Laden and al-Zawahiri videos, the two foremost Qaeda experts outside government, Peter Bergen and the former C.I.A. officer Michael Scheuer, both sounded alarms that contradict the insistent administration refrain that the terrorists are on the run.

We can believe instead, if we choose to, that all is well and that the press shouldn't question our government's account of how it is winning the war brilliantly at every turn. (The former C.I.A. analytical chief, Jami Miscik, decodes this game in "The One Percent Doctrine": the administration tells "only half the story, the part that makes us look good," and keeps the other half classified.) We can believe that reporters, rather than terrorists, are the villains. We can debate whether traitorous editors should be sent to gas chambers or merely tarred and feathered.

Or we can hope that the press will rise to the occasion and bring Americans more news we can use, not less, at a perilous time when every piece of information counts.



To: Kenneth E. Phillipps who wrote (71752)7/9/2006 1:21:59 AM
From: puborectalis  Read Replies (1) | Respond to of 173976
 
The issue is between an executive branch that seems bent on proving that the president has unlimited power and those who believe that the Constitution and the rule of law did not crumble along with the World Trade Center.