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April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review December 4, 2012/ 20 Kislev 5773

Republicans and Mad Max

By Mona Charen




http://www.JewishWorldReview.com | The incomparable Walter Russell Mead, writing in the American Interest, offered a glimpse into the coming dystopia:

"Things are getting worse in San Bernardino. The city filed for bankruptcy earlier this year, but its financial situation has continued to deteriorate. And now with what promises to be a heated court battle over payments to the state pension fund in the offing, further cuts are likely.

"Things are getting so bad that at a recent city council meeting, the city attorney advised residents to 'lock their doors and load their guns' because the city could no longer afford to keep up a strong enough police force."

Consider also this Reuters story from Greece:

"For hours the leader of the Greek journalists' social security fund had been chairing a meeting about disastrous losses on retirement savings caused by the country's economic collapse. 'She tried to present herself as the fund's savior and asked (members) to double contributions to 6 percent of salaries,' said one of those present that night at the Titania hotel. Spanopoulou, 58, did not succeed.

"When she rose to leave around midnight, enraged fund members first swore, then waded in punching, kicking and tearing at her clothes, according to witnesses. A bodyguard managed to bustle her out of the room, but another group caught her just outside the hotel and gave her a second beating. She spent the night in hospital.

"It was a brutal sign of the fury many Greeks feel at the way the country's debt crisis has dashed hopes of a comfortable old age. Greece's pension funds - patchily run in the first place, say unionists and some politicians - have been savaged by austerity and the terms of the international bailout keeping the country afloat."

When governments cannot pay their current employees because they've gone broke paying pensions to previous employees (among other obligations), you don't get a "fiscal cliff," or even a bad recession. You get the unraveling of civilization.

That is how Republicans should present the stakes in the budget impasse when speaking to the press. So far, John Boehner has described the president's proposals as "unserious" and Mitch McConnell has let it be known that he laughed in Tim Geithner's face. Does either of those responses convince the average voter that something is at stake here beyond Republicans protecting their wealthy friends?

In point of fact, the Republicans have already bowed to the election results and agreed to raise taxes on the top 2 percent of earners. But the president is pushing for much more. Far from proposing spending cuts, Obama touts new stimulus spending and "investment" in infrastructure. He wants to limit deductions and have sole discretion to raise the federal debt limit. He may be hoping to provoke angry Republicans into permitting sequestration, calculating that he could withstand a recession at the start of his second term and still emerge with his legacy intact, but that Republicans would be devastated in the 2014 midterms if they were made to take the blame for a downturn.

It's a triple irony that Obama is successfully painting Republicans into the "party of the rich" corner. First because they've already agreed to tax increases, and second, the much-maligned Bush "tax cuts for the rich" actually made the code more, not less, progressive. And third, because the Republicans are holding out for what? For spending reductions. What is the nature of those spending cuts? There are a number of possibilities, but one that Republicans have endorsed includes means-testing entitlements.

Means-testing translates into another tax on wealthier Americans. They will receive fewer benefits from programs like Social Security and Medicare than they've been led to expect. So Republicans are holding out — and being scorned as the party of the rich — for demanding fewer benefits for, yes, the rich.

The Republicans are attempting to divert the nation — not from the "fiscal cliff" but from something much worse. If government debt is not controlled by spending cuts (tax increases on the rich make scarcely a dent), the U.S. is headed for drastic economic decline. Interest rates will rise to attract wary international investors. Rising interest rates will in turn increase our debt service burden, while a diminished private sector will provide less and less tax revenue. The combination of spiraling debt service and entitlement spending will quickly leave no funds for any other purpose.

That's when it becomes Mad Max. That's what the negotiations are about.

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