Tell the Supreme Court: Clarence Thomas must resign
Hide Details
FROM:
Becky Bond, CREDO Action
TO:
Arnold Schwertman
Message flagged
Monday, June 20, 2011 10:59 AM
Message body
CREDO Action | more than a network. a movement.
It's time for Clarence Thomas to resign.
Enough is enough.
Take Action!
Clicking here will add your name to this petition to the Chief Justice and Associate Justices of the Supreme Court:
"It's time for Supreme Court Justice Clarence Thomas to resign."
Take action now!
Dear Arnold,
A New York Times expose published Sunday details the improper ties between Supreme Court Justice Clarence Thomas and influential rightwing funder and activist Harlan Crow.1
Crow is a major contributor to conservative causes and a stalwart supporter of Clarence Thomas. In past years he reportedly gave Thomas' wife, Ginni Thomas, $500,000 to exploit the Citizens United decision and start a shadowy, Tea Party-related group called Liberty Central. He gave Thomas a bible (estimated value $15,000) that once belonged to Frederick Douglass, and allegedly provided the Supreme Court Justice with access to his yacht and private jet.
As if that wasn't enough, the New York Times has revealed that Thomas may have improperly solicited a multi-million dollar donation from Crow to benefit one of his own pet projects near his birth place in a remote coastal community outside Savanna, Georgia.
Enough is enough. It's time for Supreme Court Justice Clarence Thomas to resign. Click here to automatically sign the petition.
Shockingly, the Supreme Court is not legally bound by the code of conduct for federal judges, though Justices Breyer and Anthony M. Kennedy have testified to Congress that members of the Supreme Court voluntarily follow the code which explicitly prohibits justices from directly soliciting charitable donations. If Thomas can't legally be removed from office because adherence to ethics rules for the Supreme Court are voluntary, then we must simply demand his resignation.
Crow is far from a disinterested philanthropist. He has donated nearly $5 million to Republican campaigns and rightwing groups, including a six digit donation to Swift Boat Veterans for Truth which so effectively attacked Sen. John Kerry during the 2004 presidential election. He's on the board of the ultra conservative American Enterprise Institute which brought a case to the Supreme Court challenging federal voting rights laws, a case that found only one sympathetic vote on the court — that of Clarence Thomas.
Recusal is not enough. It's time for Supreme Court Justice Clarence Thomas to resign. Click here to automatically sign the petition.
Crow is not the sole source of questionable ethical behavior on the part of Clarence Thomas. His highly questionable relationship to an ethically challenged Supreme Court justice is simply the latest to be exposed.
Clarence Thomas participated in a secret political fundraising event put on by the Koch brothers to fund Tea Party infrastructure groups.2
And for years, Thomas disregarded rules requiring him to report his wife's income on financial disclosure forms. His household received hundreds of thousands of dollars from the conservative Heritage Foundation during a period when he was voting on landmark cases in which the rightwing think tank had a clear ideological stake.3
Supreme Court Justice Clarence Thomas must resign. Click here to automatically sign the petition.
This type of behavior wouldn't be tolerated for any other federal court judge. Common Cause Attorney Arn Pearson says in the Times, "The code of conduct is quite clear that judges are not supposed to be soliciting money for their pet projects or charities, period. If any other federal judge was doing it, he could face disciplinary action."
Even absent a legally binding code of conduct for Supreme Court Justices, a Justice resigning for ethics violations is not without precedent. Justice Abe Fortas resigned in disgrace in 1969 after it was revealed that he had received gifts from interested benefactors similar to those received by Clarence Thomas.4
Fortas, prior to resigning, actually recused himself from voting in cases related to his benefactor. Thomas, however, has refused to recuse himself from cases before the court in which organizations related to Harlan Crow continue to file briefs.
Enough is enough. It's time for Supreme Court Justice Clarence Thomas to resign. Click here to automatically sign the petition.
Clarence Thomas' behavior has long been beyond the pale. In response to these latest revelations by the New York Times it's long since time to demand Clarence Thomas' resignation.
Becky Bond, Political Director
CREDO Action from Working Assets
1. Friendship of Justice and Magnate Puts Focus on Ethics, New York Times, June 19, 2011.
2. What Role Have Scalia And Thomas Played In The Koch Money Machine?, Think Progress, October 20, 2010.
3. Clarence Thomas failed to report wife's income, watchdog says, Los Angeles Times, January 22, 2011.
4. Justices Have Been Forced To Resign For Doing What Clarence Thomas Has Done, Think Progress, June 19, 2011.
Facebook
Share on Facebook
Post to your wall
Twitter
Tweet this
Post to Twitter
To remove yourself (Arnold Schwertman) from this list, please visit our subscription management page at: http://act.credoaction.com/s?i=22827-3399529-urDxfBx
To change your email address or update your contact info, please visit: http://act.credoaction.com/subscrip/coa.html?id=22827-3399529-urDxfBx
This is a message from CREDO / Working Assets. © 2011 CREDO. All rights reserved. Questions? Send us an email or write us at: 101 Market Street, Suite 700, San Francisco, CA 94105.
Reply to Becky Bond, CREDO Action
Send
Monday, June 20, 2011
Sunday, June 19, 2011
From the A S P C A
Kitten with two broken legs
Hide Details
FROM:
American Humane Association
TO:
texas_long_horn2005@yahoo.com
Message flagged
Sunday, June 19, 2011 6:00 AM
Message body
View this email in your browser.
American Humane Association's Second Chance Sunday
scs_slim_sideBar4.jpg
Slim arrived at the shelter with two broken legs. Because of kind people like you, this kitten got a Second Chance® at health and adoption.
But what about other animals needing help? Will you help us heal them, too?
Before:
Slim, a 6-week-old kitten, was found in New York with both of his right-side legs broken. The bones were already beginning to heal crookedly. The little guy was in shock from pain. A kind neighbor brought Slim to the local animal shelter. He needed extensive surgery — a pin in one leg and a plate in the other. The surgery cost thousands of dollars.
After:
With help from our Second Chance® Fund, Slim got the treatment he needed — and a second chance at being adopted and loved. Slim was such a cute and rambunctious kitty that just before his surgery he tried to take a swim in his water bowl! Now fully recovered, Slim is a healthy, walking kitten. He’s been adopted and is living in a safe and secure home.
Please, share your love for animals by making a donation, so we can give other abused and neglected animals a Second Chance® at a good life.
American Humane Association's Second Chance® Fund provides grants that help animal sheltering organizations offset the cost of treating homeless animal victims of abuse or neglect. In this way, American Humane Association helps nonprofit shelters and rescue groups do what they do best — take care of animals — without the heavy financial burden of medical treatment. Since 1994, we have provided Second Chance® Fund grants to assist with the care of thousands of animals, including cats, dogs, horses, donkeys, goats, pigs, parrots, cows, sheep and llamas. Please, call us at (800) 227-4645 or click here to make a donation now.
Better Business Bureau Wise Giving Alliance ICA Best in America logo Charity Navigator
Text AHA Text “AHA” to 27138 to subscribe to text message news & alerts. Forward this message to a friend. JOIN US ON: Facebook Twitter MySpace
American Humane Association | 1400 16th Street NW, Suite 360 | Washington, DC 20036 | (800) 227-4645
Update your profile | Unsubscribe
Reply to American Humane Association
Send
Hide Details
FROM:
American Humane Association
TO:
texas_long_horn2005@yahoo.com
Message flagged
Sunday, June 19, 2011 6:00 AM
Message body
View this email in your browser.
American Humane Association's Second Chance Sunday
scs_slim_sideBar4.jpg
Slim arrived at the shelter with two broken legs. Because of kind people like you, this kitten got a Second Chance® at health and adoption.
But what about other animals needing help? Will you help us heal them, too?
Before:
Slim, a 6-week-old kitten, was found in New York with both of his right-side legs broken. The bones were already beginning to heal crookedly. The little guy was in shock from pain. A kind neighbor brought Slim to the local animal shelter. He needed extensive surgery — a pin in one leg and a plate in the other. The surgery cost thousands of dollars.
After:
With help from our Second Chance® Fund, Slim got the treatment he needed — and a second chance at being adopted and loved. Slim was such a cute and rambunctious kitty that just before his surgery he tried to take a swim in his water bowl! Now fully recovered, Slim is a healthy, walking kitten. He’s been adopted and is living in a safe and secure home.
Please, share your love for animals by making a donation, so we can give other abused and neglected animals a Second Chance® at a good life.
American Humane Association's Second Chance® Fund provides grants that help animal sheltering organizations offset the cost of treating homeless animal victims of abuse or neglect. In this way, American Humane Association helps nonprofit shelters and rescue groups do what they do best — take care of animals — without the heavy financial burden of medical treatment. Since 1994, we have provided Second Chance® Fund grants to assist with the care of thousands of animals, including cats, dogs, horses, donkeys, goats, pigs, parrots, cows, sheep and llamas. Please, call us at (800) 227-4645 or click here to make a donation now.
Better Business Bureau Wise Giving Alliance ICA Best in America logo Charity Navigator
Text AHA Text “AHA” to 27138 to subscribe to text message news & alerts. Forward this message to a friend. JOIN US ON: Facebook Twitter MySpace
American Humane Association | 1400 16th Street NW, Suite 360 | Washington, DC 20036 | (800) 227-4645
Update your profile | Unsubscribe
Reply to American Humane Association
Send
Wednesday, June 15, 2011
omportant please read
Set your Yahoo! Messenger availability, access your profile, and view your Contacts Hello, Arnold | Sign Out | Options | Help
Yahoo! Mail
Search
Go Mobile | Yahoo!
TRENDING NOW: Amanda Bynes
Press the Enter key to select a tab
WHAT'S NEW
INBOX (49)
CONTACTS
UPDATES
Daily Digest: 3 coupons & 15 messages
Could it happen in the U.S?
Compose MessageCompose New...
Delete ReplyReply ForwardSpamMovePrint Actions NextPrevious
Could it happen in the U.S?
Hide Details
FROM:
Consumers Union
TO:
texas_long_horn2005@yahoo.com
Message flagged
Tuesday, June 14, 2011 11:11 AM
Message body
Consumers Union
Dear Arnold,
If we don’t believe having a safe food supply matters, just look to Germany – 31 people dead, 3,100 more infected, and millions of dollars in destroyed crops, all apparently due to a deadly new strain of E. coli bacteria.
While this particular strain hasn't been seen here yet, similarly dangerous bacteria have, and we continue to have outbreaks of foodborne illness. That threat prompted Congress just six months ago to modernize our nation’s horribly outdated food safety laws, which hadn't had a major change since the 1930s.
But TODAY, the House may turn back that progress on food safety in the United States! We need you to send an email right now so your Representative in Washington knows what you think of this plan.
Tell your Representative now isn’t the time to weaken our nation’s food safety system!
The proposal being voted on today would undermine the safety modernization program by slashing $200 million next year from the Food and Drug Administration. The agency will do much of the new work, including including new programs to detect unsafe food imports and ways to more quickly track the source of an outbreak.
Advocates say such deep cuts will make it nearly impossible to carry out the recently approved new law. Meanwhile, $200 million could be spent to promote U.S. agriculture overseas – a program that gives money to such large grower cooperatives as Sunkist, Welch’s and Blue Diamond to promote their goods.
If you believe the House can do better than this plan, let your Representative know now. Dealing with our nation's budget and deficit is important work, so tell your Representative if you want a better approach to food safety for you and your family.
Send an email now. The House may vote at any time!
Thank you for speaking out on this important issue. If you know others who may want to weigh in, please forward this email to them.
Sincerely,
Jean Halloran
BuySafeEatWell.org
A Project of Consumers Union
101 Truman Avenue
Yonkers, NY 10703
You have Consumer Power Points! Earn more points. What are Power Points? Learn!
Your Privacy |
Change Email Preferences |
About Consumers Union
If you want to update your contact information please click here. Scroll down and enter (in the "Email me my password" box) your user name, which is texas_long_horn2005@yahoo.com and your email address, then we'll email you your password and you can log in to change your information. If you have any problems, please contact us by replying to this email.
If you do not want to receive action alerts like this one from Consumers Union of the U.S., you may permanently unsubscribe.
Yahoo! Mail
Search
Go Mobile | Yahoo!
TRENDING NOW: Amanda Bynes
Press the Enter key to select a tab
WHAT'S NEW
INBOX (49)
CONTACTS
UPDATES
Daily Digest: 3 coupons & 15 messages
Could it happen in the U.S?
Compose MessageCompose New...
Delete ReplyReply ForwardSpamMovePrint Actions NextPrevious
Could it happen in the U.S?
Hide Details
FROM:
Consumers Union
TO:
texas_long_horn2005@yahoo.com
Message flagged
Tuesday, June 14, 2011 11:11 AM
Message body
Consumers Union
Dear Arnold,
If we don’t believe having a safe food supply matters, just look to Germany – 31 people dead, 3,100 more infected, and millions of dollars in destroyed crops, all apparently due to a deadly new strain of E. coli bacteria.
While this particular strain hasn't been seen here yet, similarly dangerous bacteria have, and we continue to have outbreaks of foodborne illness. That threat prompted Congress just six months ago to modernize our nation’s horribly outdated food safety laws, which hadn't had a major change since the 1930s.
But TODAY, the House may turn back that progress on food safety in the United States! We need you to send an email right now so your Representative in Washington knows what you think of this plan.
Tell your Representative now isn’t the time to weaken our nation’s food safety system!
The proposal being voted on today would undermine the safety modernization program by slashing $200 million next year from the Food and Drug Administration. The agency will do much of the new work, including including new programs to detect unsafe food imports and ways to more quickly track the source of an outbreak.
Advocates say such deep cuts will make it nearly impossible to carry out the recently approved new law. Meanwhile, $200 million could be spent to promote U.S. agriculture overseas – a program that gives money to such large grower cooperatives as Sunkist, Welch’s and Blue Diamond to promote their goods.
If you believe the House can do better than this plan, let your Representative know now. Dealing with our nation's budget and deficit is important work, so tell your Representative if you want a better approach to food safety for you and your family.
Send an email now. The House may vote at any time!
Thank you for speaking out on this important issue. If you know others who may want to weigh in, please forward this email to them.
Sincerely,
Jean Halloran
BuySafeEatWell.org
A Project of Consumers Union
101 Truman Avenue
Yonkers, NY 10703
You have Consumer Power Points! Earn more points. What are Power Points? Learn!
Your Privacy |
Change Email Preferences |
About Consumers Union
If you want to update your contact information please click here. Scroll down and enter (in the "Email me my password" box) your user name, which is texas_long_horn2005@yahoo.com and your email address, then we'll email you your password and you can log in to change your information. If you have any problems, please contact us by replying to this email.
If you do not want to receive action alerts like this one from Consumers Union of the U.S., you may permanently unsubscribe.
Tuesday, June 14, 2011
Virtual Food Drive
Hide Details
FROM:
Feeding America
TO:
texas_long_horn2005@yahoo.com
Message flagged
Tuesday, June 14, 2011 9:00 AM
Message body
Can’t view this message? Read it online
Dear Arnold,
A few weeks ago, I wrote to you about the urgent need to raise $1,060,031 by the end of the fiscal year. So far we have raised $286,208 towards our goal, but as our fiscal year ends we still need your help.
Today, we need you to join supporters across the country and become a Hunger Hero by starting your own Virtual Food Drives.
Start Your Virtual Food Drive now.
Starting a Virtual Food Drive is simple:
Donate
Create your page by setting your fundraising goal and answering a few simple questions.
Ask others to donate using the online tools we give you.
End hunger. As you reach your goal, the money you raise helps Feeding America provide meals for hungry families across the country.
As a Hunger Hero, you'll do more to fight hunger than you ever thought you could. Every dollar you raise through your Virtual Food Drive will help provide 7 meals to men, women, and children facing hunger in America.
Don’t put this off. Create your Food Drive now and start fighting hunger.
WITH YOUR HELP, WE CAN DO THIS!
Vicki Escarra
President and CEO
Feeding America
P.S. You can also help out by making an immediate donation of $15 right now.
Privacy Policy | Unsubscribe | Donate Now | My Community Center
Questions? If you have any questions about this message or any other
Feeding America issue, please contact us or call 1-800-771-2303.
powered by CONVIO
nonprofit software
Reply to Feeding America
Send
Hide Details
FROM:
Feeding America
TO:
texas_long_horn2005@yahoo.com
Message flagged
Tuesday, June 14, 2011 9:00 AM
Message body
Can’t view this message? Read it online
Dear Arnold,
A few weeks ago, I wrote to you about the urgent need to raise $1,060,031 by the end of the fiscal year. So far we have raised $286,208 towards our goal, but as our fiscal year ends we still need your help.
Today, we need you to join supporters across the country and become a Hunger Hero by starting your own Virtual Food Drives.
Start Your Virtual Food Drive now.
Starting a Virtual Food Drive is simple:
Donate
Create your page by setting your fundraising goal and answering a few simple questions.
Ask others to donate using the online tools we give you.
End hunger. As you reach your goal, the money you raise helps Feeding America provide meals for hungry families across the country.
As a Hunger Hero, you'll do more to fight hunger than you ever thought you could. Every dollar you raise through your Virtual Food Drive will help provide 7 meals to men, women, and children facing hunger in America.
Don’t put this off. Create your Food Drive now and start fighting hunger.
WITH YOUR HELP, WE CAN DO THIS!
Vicki Escarra
President and CEO
Feeding America
P.S. You can also help out by making an immediate donation of $15 right now.
Privacy Policy | Unsubscribe | Donate Now | My Community Center
Questions? If you have any questions about this message or any other
Feeding America issue, please contact us or call 1-800-771-2303.
powered by CONVIO
nonprofit software
Reply to Feeding America
Send
Wednesday, November 24, 2010
Tuesday, November 23, 2010
this came from Care to care
14,599,598 members doing good!
Care2make a difference
my Care2
* checking login information
* Login or Join to earn credits for good causes
* hi Arnold
* logoff
* email
* 4 messages
* 568 credits
* causes & news
* healthy & green living
* take action
* community
* butterfly rewards
causes
what you need to make a difference. all in one place.
* causes :
* Politics :
* all posts :
* this post
causes
* Real Food
* trailblazers for good
* Education
* Animal Welfare
* Global Warming
* Environment & Wildlife
* Politics
* Health Policy
* Human Rights
* Women's Rights
* Civil Rights
1,497 supporters!
join this cause
meet the authors »
customize your free newsletter
Customize your Causes newsletter now
manage newsletters
ads keep care2 free
support politics
7 Things to Know about the Budget Deficit
posted by: Nicole Nuss 17 hours ago
7 Things to Know about the Budget Deficit
* Tell a Friend
* Share
* Print
*
* Digg
* Reddit
* Care2
* StumbleUpon
more
Select a service:
* StumbleUpon
* Reddit
* Digg
* Buzz Up
* Facebook
* Twitter
* MySpace
* Mixx
* Del.icio.us
* Google Bookmarks
* Favorites
* Care2
sender info:
your name: your email:
recipient info:
recipient's address(es): Separate multiple e-mail addresses by a comma. You can send up to 100 recipients.
personal message
7 Things to Know about the Budget Deficit
Hello, I saw this on Care2 and thought you'd like it as well. Care2 is the largest and most trusted information and action site for people who care to make a difference in their lives and the world.
Care2.com
send
We hate spam. We do not sell or share the email addresses you provide.
19 comments
Editor's Note: Below are seven facts you really should know about debt and the budget deficit. The list comes to us from Our Fiscal Security, where this piece first appeared.
1. The deficit is the gap between what the government spends and the revenues it collects each year. We didn't always run deficits. When President Clinton left office, the federal budget was running a surplus of $236 billion, or about 2% of the U.S. economy. And that extra revenue was being used to pay down the national debt. To understand how we moved from big surpluses to a growing deficit, it's helpful to examine each of the major factors driving our nation's current deficits.
2. Every million additional jobs we generate reduces the deficit by $54 billion.
3. It's misleading (and dangerous) to confuse the short-term budget shortfall with the medium-term deficit or the long-term debt. Here's a way of understanding it:
* The Short-Term Recession Shortfall (1-3 years): The Great Recession was responsible for 61 percent of the deficit last year.
* Tax receipts fell as people lost jobs and income and businesses failed; federal tax revenues declined from 18.5% of GDP in 2007 to 14.8%.
* Spending rose with government supports such as unemployment insurance, the Recovery Act, TARP funds, payments to Fannie Mae and Freddie Mac and discretionary outlays for defense spending, from 19.6% of GDP in 2007 to 24.7%.
* The Medium-Term Bush Deficit (10 years):
* We ran a $236 billion surplus before the Bush tax cuts, but we have run deficits for the past 9 years.
* The ten-year projected deficit is entirely explained by the economic downturn, the Bush tax cuts and the wars in Afghanistan and Iraq. Bush tax cuts and the wars made up $500 billion of the 2009 deficit and will create $6 trillion in deficits and debt service over the next decade.
* The Long-Term Health Care Costs Debt (30 years +):
* The rapidly rising cost of private health care -- doctor's visits, prescription drugs, procedures -- is the only truly unsustainable part of the long-term budget. If U.S. health care costs were growing at the rate of other wealthy countries, we would have no long-term debt problem.
* Social Security does not significantly contribute to the long-term debt picture. Its total shortfall is projected to be 0.7% of total GDP of the next 75 years, a small effect on the budget compared to the economic downturn and the Bush-era tax cuts, which will, over the next decade, consume 1.5% and 2.6% of GDP respectively.
4. A bi-partisan taskforce has identified over $1 trillion in defense spending that could be saved over ten years to reduce the deficit without jeopardizing national security.
5. The claim that the United States faces over $63 trillion in liabilities, unfunded retirement and health care obligations is based on deceptive and misleading figures-which are based on projections of health care costs over 75 years, and assumes no changes in tax revenues or reductions in health care costs.
* The CBO estimates that between 2012 and 2020, the debt held by the public will only rise by around 1%, far from the rapid ballooning that these claims make.
6. Most economists agree that debt held by the public -- rather than gross debt -- is the proper measure on which to focus because that's what really affects the economy. Studies showing the U.S. near a debt "tipping point" of 90% of GDP make improper comparisons between the U.S and other countries.
7. Contrary to general belief, high debt does not necessarily lead to slow growth, but rather slow growth can lead to growth in debt.
Read more: politics, economy, debt, unemployment, national debt, recession, GDP, budget deficit, us budget deficit, recovery plan
comments
19 comments add your comment
Kathleen B.
* Kathleen B. says
* Nov 23, 2010 10:16 AM
Perhaps we need to re-elect President Bill Clinton.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Fred Urbasek
* Fred Urbasek says
* Nov 23, 2010 10:10 AM
Yes John K. I am a typical lying lefty (get over it) Take you Repug. pill and take a nap. You will feel better when you get up and have your cup of tea.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Nancy Forler
* Nancy Forler says
* Nov 23, 2010 10:03 AM
Get rid of half the redundant or over-lapping agencies and this will save the American people a lot of money. And then tell those people to look to Unemployment until their benefits run out.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Jason Reed
* Jason Reed says
* Nov 23, 2010 8:09 AM
This ongoing support of reaganomics, by the republicans, has to stop. It's insane! All you need is to look at this chart to know...
http://www.alan.com/wp-content/uploads/2010/11/Natl_Debt_Chart-1024x819.jpg
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
April Thompson
* April Thompson says
* Nov 23, 2010 6:51 AM
Thanks for the truth!
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Richard Swierczek
* Richard Swierczek says
* Nov 23, 2010 6:21 AM
thanks very much the information was realy useful and has been penimantly noted.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
John K.
* John K. says
* Nov 23, 2010 6:09 AM
How about the 8th thing?! The fact that Social Security taxes are included as receipts and thus make the deficit look smaller than what it really is. This was started under LBJ and has been continued since. Social Security originally was segregated into its own trust fund, now its receipts are commingled with general tax revenues. The author of this article is either pitifully ignorant, or a typical lying lefty not coming clean with all the facts.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Past Member
* Past Member says
* Nov 23, 2010 5:53 AM
Seems someone knows what to do...so let's do it! Oh,but, perhaps, they don't have enough POWER to get us back on track. The ELITE WEALTHIEST love to keep the $ all for themselves while keeping "the people" suppressed. Let's be the change!
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Ronald B.
* Ronald B. says
* Nov 23, 2010 5:43 AM
thanks
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Marianna B M.
* Marianna B M. says
* Nov 23, 2010 5:35 AM
noted
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
view all 19 comments »
Please enter your comment.
Please add your comment:
20
20 earn 20 butterfly credits for leaving a comment.
learn more »
1500 characters remaining
* Track Comments Notify me with a personal message when other people comment on this story.
* Receive Care2 Action Alerts via email!
link to this post
photo credit: thanks to dbking via flickr
Disclaimer: The views expressed above are solely those of the author and may not reflect those of Care2, Inc., its employees or advertisers.
2657287
latest from Nicole N.
7 Things to Know about the Budget Deficit
Say Hello to the "Micro-Volunteering" World
Respiratory Infections are Top Killer of Children Under Five
see all posts
Nicole Nuss Nicole is Care2's Web Editor/Producer. She's been an outspoken activist for animal rights since... more
Nicole Nuss Nicole is Care2's Web Editor/Producer. She's been an outspoken activist for animal rights since she was 10 years old. When her 5th grade Science class was given an assignment to write about anything they wanted--and all the other kids in her class wrote about their families and summer vacations--Nicole wrote about the Canadian Seal Hunt. less
get Nicole's feed
ads keep care2 free
related actions
Fight Hunger This Holiday Season
Extend Support for the Jobless
Keep Glenn Beck's Lies Off the Air!
see more
recent posts
British Royal Wedding Set For April 29
Rand Paul 2009 Interview Positioned Obama as New Hitler
10 comments
House Set To Take Up Birthright Citizenship
7 comments
Obama Urges Senate Vote on New START (Video)
What's Next For Sharron Angle?
41 comments
see more
create a free online petition!
Rally support for your cause by starting a free petition on Care2's Petitionsite. Send it to your friends and promote it on Care2.
get started
ads keep care2 free
customize your newsletter
email address:
This newsletter will be sent daily and will feature updates on all the causes you care about. Which causes would you like to include?
* Animal Welfare
* Global Warming
* Environment
* Politics
* Health Policy
* Human Rights
* Women's Rights
* Civil Rights
* check all
* uncheck all
* causes & news
* animal welfare
* global warming
* environment & wildlife
* human rights
* women's rights
* news
* submit news story
* healthy & green living
* food & recipes
* health & wellness
* healthy home
* family life
* true beauty
* pets
* shopping
* take action
* browse petitions
* create a petition
* daily action
* volunteer
* jobfinder
* click to donate
* community & sharing
* people
* groups
* singles
* photos
* blogs
* polls
* ecards
* my care2
* my account
* my groups
* my page
* my friends
* my petitionsite
* my messages
* join care2
* about us
* advertise
* partnerships
* careers
* press
* contact us
* terms of service
* privacy
* subscription center
* help
* care2 store
* rss feeds
Copyright © 2010 Care2.com, inc. and its licensors. All rights reserved
* INSIDE CAUSES & NEWS
* causes
* care2 news network
* INSIDE CAUSES
* Real Food
* trailblazers for good
* Education
* Animal Welfare
* Global Warming
* Environment & Wildlife
* Politics
* Health Policy
* Human Rights
* Women's Rights
* Civil Rights
* INSIDE THE NEWS NETWORK
* care2 news network home
* submit a story
* my news
* INSIDE HEALTHY & GREEN<
* green 101
* health & wellness
* food & recipes
* healthy home
* garden & nature
* pets
* family life
* spirituality
* astrology
* true beauty
* fashion
* crafts & design
* conscious consumer
* holidays
* on the go
* blogs
* shopping
* my favorites
* INSIDE TAKE ACTION
* the petitionsite
* daily action
* click to donate
* nonprofit polls
* volunteer
* green jobs
* THE PETITIONSITE
* petitionsite home
* browse petitions
* start a petition
* my petitionsite
* CLICK TO DONATE
* click to donate home
* my impact
* INSIDE COMMUNITY & FUN
* ecards
* people
* groups
* photos
* polls
* singles
* invite friends
* shares
* INSIDE ECARDS
* ecards home
* sent cards
* favorites
* INSIDE GROUPS
* groups home
* create a group
* my groups
* INSIDE BUTTERFLY REWARDS
* butterfly rewards home
* how to earn credits
* redeem credits
* download toolbar
* help
* my dashboard
* my Care2 main
* my account
* my butterfly rewards
* my click to donate
* my eCards
* my friends
* my groups
* my kudos
* my messages
* my news
* my page
* my petitionsite
* my photos
* my sharebook
* my subscriptions
Care2make a difference
my Care2
* checking login information
* Login or Join to earn credits for good causes
* hi Arnold
* logoff
* 4 messages
* 568 credits
* causes & news
* healthy & green living
* take action
* community
* butterfly rewards
causes
what you need to make a difference. all in one place.
* causes :
* Politics :
* all posts :
* this post
causes
* Real Food
* trailblazers for good
* Education
* Animal Welfare
* Global Warming
* Environment & Wildlife
* Politics
* Health Policy
* Human Rights
* Women's Rights
* Civil Rights
1,497 supporters!
join this cause
meet the authors »
customize your free newsletter
Customize your Causes newsletter now
manage newsletters
ads keep care2 free
support politics
7 Things to Know about the Budget Deficit
posted by: Nicole Nuss 17 hours ago
7 Things to Know about the Budget Deficit
* Tell a Friend
* Share
*
* Digg
* Care2
* StumbleUpon
more
Select a service:
* StumbleUpon
* Digg
* Buzz Up
* MySpace
* Mixx
* Del.icio.us
* Google Bookmarks
* Favorites
* Care2
sender info:
your name: your email:
recipient info:
recipient's address(es): Separate multiple e-mail addresses by a comma. You can send up to 100 recipients.
personal message
7 Things to Know about the Budget Deficit
Hello, I saw this on Care2 and thought you'd like it as well. Care2 is the largest and most trusted information and action site for people who care to make a difference in their lives and the world.
Care2.com
send
We hate spam. We do not sell or share the email addresses you provide.
19 comments
Editor's Note: Below are seven facts you really should know about debt and the budget deficit. The list comes to us from Our Fiscal Security, where this piece first appeared.
1. The deficit is the gap between what the government spends and the revenues it collects each year. We didn't always run deficits. When President Clinton left office, the federal budget was running a surplus of $236 billion, or about 2% of the U.S. economy. And that extra revenue was being used to pay down the national debt. To understand how we moved from big surpluses to a growing deficit, it's helpful to examine each of the major factors driving our nation's current deficits.
2. Every million additional jobs we generate reduces the deficit by $54 billion.
3. It's misleading (and dangerous) to confuse the short-term budget shortfall with the medium-term deficit or the long-term debt. Here's a way of understanding it:
* The Short-Term Recession Shortfall (1-3 years): The Great Recession was responsible for 61 percent of the deficit last year.
* Tax receipts fell as people lost jobs and income and businesses failed; federal tax revenues declined from 18.5% of GDP in 2007 to 14.8%.
* Spending rose with government supports such as unemployment insurance, the Recovery Act, TARP funds, payments to Fannie Mae and Freddie Mac and discretionary outlays for defense spending, from 19.6% of GDP in 2007 to 24.7%.
* The Medium-Term Bush Deficit (10 years):
* We ran a $236 billion surplus before the Bush tax cuts, but we have run deficits for the past 9 years.
* The ten-year projected deficit is entirely explained by the economic downturn, the Bush tax cuts and the wars in Afghanistan and Iraq. Bush tax cuts and the wars made up $500 billion of the 2009 deficit and will create $6 trillion in deficits and debt service over the next decade.
* The Long-Term Health Care Costs Debt (30 years +):
* The rapidly rising cost of private health care -- doctor's visits, prescription drugs, procedures -- is the only truly unsustainable part of the long-term budget. If U.S. health care costs were growing at the rate of other wealthy countries, we would have no long-term debt problem.
* Social Security does not significantly contribute to the long-term debt picture. Its total shortfall is projected to be 0.7% of total GDP of the next 75 years, a small effect on the budget compared to the economic downturn and the Bush-era tax cuts, which will, over the next decade, consume 1.5% and 2.6% of GDP respectively.
4. A bi-partisan taskforce has identified over $1 trillion in defense spending that could be saved over ten years to reduce the deficit without jeopardizing national security.
5. The claim that the United States faces over $63 trillion in liabilities, unfunded retirement and health care obligations is based on deceptive and misleading figures-which are based on projections of health care costs over 75 years, and assumes no changes in tax revenues or reductions in health care costs.
* The CBO estimates that between 2012 and 2020, the debt held by the public will only rise by around 1%, far from the rapid ballooning that these claims make.
6. Most economists agree that debt held by the public -- rather than gross debt -- is the proper measure on which to focus because that's what really affects the economy. Studies showing the U.S. near a debt "tipping point" of 90% of GDP make improper comparisons between the U.S and other countries.
7. Contrary to general belief, high debt does not necessarily lead to slow growth, but rather slow growth can lead to growth in debt.
Read more: politics, economy, debt, unemployment, national debt, recession, GDP, budget deficit, us budget deficit, recovery plan
comments
19 comments add your comment
Kathleen B.
* Kathleen B. says
* Nov 23, 2010 10:16 AM
Perhaps we need to re-elect President Bill Clinton.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Fred Urbasek
* Fred Urbasek says
* Nov 23, 2010 10:10 AM
Yes John K. I am a typical lying lefty (get over it) Take you Repug. pill and take a nap. You will feel better when you get up and have your cup of tea.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Nancy Forler
* Nancy Forler says
* Nov 23, 2010 10:03 AM
Get rid of half the redundant or over-lapping agencies and this will save the American people a lot of money. And then tell those people to look to Unemployment until their benefits run out.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Jason Reed
* Jason Reed says
* Nov 23, 2010 8:09 AM
This ongoing support of reaganomics, by the republicans, has to stop. It's insane! All you need is to look at this chart to know...
http://www.alan.com/wp-content/uploads/2010/11/Natl_Debt_Chart-1024x819.jpg
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
April Thompson
* April Thompson says
* Nov 23, 2010 6:51 AM
Thanks for the truth!
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Richard Swierczek
* Richard Swierczek says
* Nov 23, 2010 6:21 AM
thanks very much the information was realy useful and has been penimantly noted.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
John K.
* John K. says
* Nov 23, 2010 6:09 AM
How about the 8th thing?! The fact that Social Security taxes are included as receipts and thus make the deficit look smaller than what it really is. This was started under LBJ and has been continued since. Social Security originally was segregated into its own trust fund, now its receipts are commingled with general tax revenues. The author of this article is either pitifully ignorant, or a typical lying lefty not coming clean with all the facts.
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Past Member
* Past Member says
* Nov 23, 2010 5:53 AM
Seems someone knows what to do...so let's do it! Oh,but, perhaps, they don't have enough POWER to get us back on track. The ELITE WEALTHIEST love to keep the $ all for themselves while keeping "the people" suppressed. Let's be the change!
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Ronald B.
* Ronald B. says
* Nov 23, 2010 5:43 AM
thanks
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
Marianna B M.
* Marianna B M. says
* Nov 23, 2010 5:35 AM
noted
send green star | flag as inappropriate
why is this inappropriate?
submit cancel
Submitting...
Your report of abuse has been received and will be reviewed.
The response report you have submitted was unable to transmit. Please try your submission again or contact support.
view all 19 comments »
Please enter your comment.
Please add your comment:
20
20 earn 20 butterfly credits for leaving a comment.
learn more »
1500 characters remaining
* Track Comments Notify me with a personal message when other people comment on this story.
* Receive Care2 Action Alerts via email!
link to this post
photo credit: thanks to dbking via flickr
Disclaimer: The views expressed above are solely those of the author and may not reflect those of Care2, Inc., its employees or advertisers.
2657287
latest from Nicole N.
7 Things to Know about the Budget Deficit
Say Hello to the "Micro-Volunteering" World
Respiratory Infections are Top Killer of Children Under Five
see all posts
Nicole Nuss Nicole is Care2's Web Editor/Producer. She's been an outspoken activist for animal rights since... more
Nicole Nuss Nicole is Care2's Web Editor/Producer. She's been an outspoken activist for animal rights since she was 10 years old. When her 5th grade Science class was given an assignment to write about anything they wanted--and all the other kids in her class wrote about their families and summer vacations--Nicole wrote about the Canadian Seal Hunt. less
get Nicole's feed
ads keep care2 free
related actions
Fight Hunger This Holiday Season
Extend Support for the Jobless
Keep Glenn Beck's Lies Off the Air!
see more
recent posts
British Royal Wedding Set For April 29
Rand Paul 2009 Interview Positioned Obama as New Hitler
10 comments
House Set To Take Up Birthright Citizenship
7 comments
Obama Urges Senate Vote on New START (Video)
What's Next For Sharron Angle?
41 comments
see more
create a free online petition!
Rally support for your cause by starting a free petition on Care2's Petitionsite. Send it to your friends and promote it on Care2.
get started
ads keep care2 free
customize your newsletter
email address:
This newsletter will be sent daily and will feature updates on all the causes you care about. Which causes would you like to include?
* Animal Welfare
* Global Warming
* Environment
* Politics
* Health Policy
* Human Rights
* Women's Rights
* Civil Rights
* check all
* uncheck all
* causes & news
* animal welfare
* global warming
* environment & wildlife
* human rights
* women's rights
* news
* submit news story
* healthy & green living
* food & recipes
* health & wellness
* healthy home
* family life
* true beauty
* pets
* shopping
* take action
* browse petitions
* create a petition
* daily action
* volunteer
* jobfinder
* click to donate
* community & sharing
* people
* groups
* singles
* photos
* blogs
* polls
* ecards
* my care2
* my account
* my groups
* my page
* my friends
* my petitionsite
* my messages
* join care2
* about us
* advertise
* partnerships
* careers
* press
* contact us
* terms of service
* privacy
* subscription center
* help
* care2 store
* rss feeds
Copyright © 2010 Care2.com, inc. and its licensors. All rights reserved
* INSIDE CAUSES & NEWS
* causes
* care2 news network
* INSIDE CAUSES
* Real Food
* trailblazers for good
* Education
* Animal Welfare
* Global Warming
* Environment & Wildlife
* Politics
* Health Policy
* Human Rights
* Women's Rights
* Civil Rights
* INSIDE THE NEWS NETWORK
* care2 news network home
* submit a story
* my news
* INSIDE HEALTHY & GREEN<
* green 101
* health & wellness
* food & recipes
* healthy home
* garden & nature
* pets
* family life
* spirituality
* astrology
* true beauty
* fashion
* crafts & design
* conscious consumer
* holidays
* on the go
* blogs
* shopping
* my favorites
* INSIDE TAKE ACTION
* the petitionsite
* daily action
* click to donate
* nonprofit polls
* volunteer
* green jobs
* THE PETITIONSITE
* petitionsite home
* browse petitions
* start a petition
* my petitionsite
* CLICK TO DONATE
* click to donate home
* my impact
* INSIDE COMMUNITY & FUN
* ecards
* people
* groups
* photos
* polls
* singles
* invite friends
* shares
* INSIDE ECARDS
* ecards home
* sent cards
* favorites
* INSIDE GROUPS
* groups home
* create a group
* my groups
* INSIDE BUTTERFLY REWARDS
* butterfly rewards home
* how to earn credits
* redeem credits
* download toolbar
* help
* my dashboard
* my Care2 main
* my account
* my butterfly rewards
* my click to donate
* my eCards
* my friends
* my groups
* my kudos
* my messages
* my news
* my page
* my petitionsite
* my photos
* my sharebook
* my subscriptions
Subscribe to:
Posts (Atom)