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	<title>Trading 8s</title>
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	<description>A blog by Anthony W. Orlando and friends</description>
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		<title>Quote of the Day: Mark Thoma</title>
		<link>http://www.anthonyworlando.com/2012/01/30/quote-of-the-day-mark-thoma-4/</link>
		<comments>http://www.anthonyworlando.com/2012/01/30/quote-of-the-day-mark-thoma-4/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 12:15:44 +0000</pubDate>
		<dc:creator>Anthony W. Orlando</dc:creator>
				<category><![CDATA[Witty Ditty]]></category>
		<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Inequality]]></category>
		<category><![CDATA[Mark Thoma]]></category>
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		<description><![CDATA[Shouldn&#8217;t those who complain about the undeserving poor also worry about the undeserving rich? &#8211; Mark Thoma (University of Oregon) No related posts. Related posts brought to you by Yet Another Related Posts Plugin.
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			<content:encoded><![CDATA[<p style="text-align: center;">Shouldn&#8217;t those who complain about the undeserving poor also worry about the undeserving rich?</p>
<p style="text-align: right;"><a href="http://economistsview.typepad.com/economistsview/2012/01/who-cares-how-deserving-the-poor-are.html" target="_blank">&#8211; Mark Thoma (University of Oregon)</a></p>
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		<title>Quote of the Day: Adam Gopnik</title>
		<link>http://www.anthonyworlando.com/2012/01/29/quote-of-the-day-adam-gopnik/</link>
		<comments>http://www.anthonyworlando.com/2012/01/29/quote-of-the-day-adam-gopnik/#comments</comments>
		<pubDate>Sun, 29 Jan 2012 18:55:52 +0000</pubDate>
		<dc:creator>Anthony W. Orlando</dc:creator>
				<category><![CDATA[Witty Ditty]]></category>
		<category><![CDATA[Adam Gopnik]]></category>
		<category><![CDATA[Crime]]></category>
		<category><![CDATA[Criminal justice]]></category>
		<category><![CDATA[incarceration]]></category>
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		<description><![CDATA[The normalization of prison rape &#8212; like eighteenth-century japery about watching men struggle as they die on the gallows &#8212; will surely strike our descendants as chillingly sadistic, incomprehensible on the part of people who thought themselves civilized. &#8211; Adam Gopnik (The New Yorker) No related posts. Related posts brought to you by Yet Another [...]
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			<content:encoded><![CDATA[<p style="text-align: center;">The normalization of prison rape &#8212; like eighteenth-century japery about watching men struggle as they die on the gallows &#8212; will surely strike our descendants as chillingly sadistic, incomprehensible on the part of people who thought themselves civilized.</p>
<p style="text-align: right;"><a href="http://www.newyorker.com/arts/critics/atlarge/2012/01/30/120130crat_atlarge_gopnik?printable=true&amp;currentPage=all" target="_blank">&#8211; Adam Gopnik (<em>The New Yorker</em>)</a></p>
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		<title>What Small Government Really Looks Like: Not a Pretty Picture!</title>
		<link>http://www.anthonyworlando.com/2012/01/27/what-small-government-really-looks-like-not-a-pretty-picture/</link>
		<comments>http://www.anthonyworlando.com/2012/01/27/what-small-government-really-looks-like-not-a-pretty-picture/#comments</comments>
		<pubDate>Fri, 27 Jan 2012 21:22:12 +0000</pubDate>
		<dc:creator>Anthony W. Orlando</dc:creator>
				<category><![CDATA[From the Editor's Desk]]></category>
		<category><![CDATA[Center on Budget and Policy Priorities]]></category>
		<category><![CDATA[Environmental Protection Agency]]></category>
		<category><![CDATA[FDA]]></category>
		<category><![CDATA[federal government]]></category>
		<category><![CDATA[Glenn Beck]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[Medicare]]></category>
		<category><![CDATA[Mitt Romney]]></category>
		<category><![CDATA[Newt Gingrich]]></category>
		<category><![CDATA[Obama]]></category>
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		<guid isPermaLink="false">http://www.anthonyworlando.com/?p=4050</guid>
		<description><![CDATA[Once upon a time, America had a small government. Before World War I, government spending was less than 10 percent of the economy. During the Great Depression, it reached 20 percent. By 1960, it hit 30 percent. And so, for the past fifty years, one in every three dollars spent in America were spent by [...]
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			<content:encoded><![CDATA[<p>Once upon a time, America had a small government.</p>
<p>Before World War I, <a href="http://www.usgovernmentspending.com/us_20th_century_chart.html" target="_blank">government spending</a> was less than 10 percent of the economy. During the Great Depression, it reached 20 percent. By 1960, it hit 30 percent. And so, for the past fifty years, one in every three dollars spent in America were spent by Uncle Sam.</p>
<p>In 2012, the Republican presidential candidates have staked their campaigns on a promise to reverse this trend. Many Republicans openly pine for the good old days of rugged individualism &#8212; the days before <a href="http://thehill.com/blogs/pundits-blog/presidential-campaign/177509-rick-perry-attacks-social-security-house-republicans-attack-medicare-ron-paul-attacks-everything" target="_blank">Social Security and Medicare</a>, before <a href="http://www.huffingtonpost.com/2011/11/09/rick-perry-forgets-agencies_n_1085249.html" target="_blank">the FDA and the EPA</a>, before <a href="http://www.ronpaul.com/2009-04-15/end-the-income-tax-abolish-the-irs/" target="_blank">income taxes</a> and <a href="http://www.nytimes.com/2011/12/24/opinion/nocera-the-big-lie.html" target="_blank">government-backed mortgages</a>.</p>
<p>You might think that such an extreme position belongs to rabble-rousers like <a href="http://www.newyorker.com/reporting/2010/10/18/101018fa_fact_wilentz?printable=true" target="_blank">Glenn Beck</a> but not mainstream pragmatists like <a href="http://nymag.com/daily/intel/2011/12/mitt-romney-goes-glenn-beck.html" target="_blank">Mitt Romney</a>. You&#8217;d be wrong.</p>
<p><a href="http://taxvox.taxpolicycenter.org/2012/01/05/romney’s-tax-plan-big-benefits-for-the-wealthy-and-higher-deficits/" target="_blank">Candidate Romney has proposed</a> cutting taxes annually by $180 billion, mostly for the top 1 percent of income earners. At the same time, he has pledged to balance the budget without cutting defense spending. <a href="http://www.cbpp.org/cms/index.cfm?fa=view&amp;id=3658" target="_blank">According to the Center on Budget and Policy Priorities,</a> the only way to fulfill all these promises is to cut nondefense programs by 50 percent.</p>
<p>In other words, Romney wants to get rid of half of everything the government does, except Social Security and the military.</p>
<p>Half of our schools. Half of our national parks. Half of our federal law enforcement. Half of our food safety. Half of our clean air. Half of our veterans&#8217; health care. Gone. Forever.</p>
<p>And Romney is no exception. If anything, his proposal is tame <a href="http://www.washingtonpost.com/blogs/ezra-klein/post/romney-wants-more-tax-cuts-than-bush-did/2011/08/25/gIQAvjCuoP_blog.html" target="_blank">in comparison</a>. Newt Gingrich&#8217;s proposal, for example, would cut taxes by <a href="http://www.cbsnews.com/8301-18563_162-57366331/comparing-the-gingrich-and-romney-tax-plans/" target="_blank">$850 billion</a>. You can just imagine the carnage.</p>
<p><a href="http://www.washingtonpost.com/blogs/ezra-klein/post/sotu-2012-just-the-policy/2012/01/24/gIQACe6zOQ_blog.html" target="_blank">In Tuesday night’s State of the Union address,</a> President Obama staked out the opposite position, asking Congress to raise taxes slightly on millionaires and to use half the savings from ending the wars in Iraq and Afghanistan to reduce the budget deficit. The other half he pledged to public infrastructure projects.</p>
<p>And not a moment too soon.</p>
<p><a href="http://www.uli.org/~/media/Documents/ResearchAndPublications/Reports/Infrastructure/Infrastructure2011.ashx" target="_blank">Over the last fifty years,</a> infrastructure spending has steadily fallen as a share of the economy. We now spend 2.4 percent of GDP on transport and water infrastructure, <a href="http://www.economist.com/node/18620944" target="_blank">compared to</a> 5 percent in Europe and 9 percent in China.</p>
<p><a href="http://theeconomiccollapseblog.com/archives/americas-crumbling-infrastructure" target="_blank">According to government reports,</a> one in four bridges need significant repairs or are bearing more traffic than they were designed for. <a href="http://thinkprogress.org/romm/2011/08/15/296466/record-breaking-heat-causes-nation’s-water-pipes-to-‘burst-like-geysers’/" target="_blank">700 water pipes</a> burst every day because they&#8217;ve worn out. One in three roads are in substandard condition, increasing traffic fatalities, congestion, and gas emissions. 1,300 dams have been designated &#8220;high-hazard,&#8221; meaning they could fail and result in fatalities. We spend $50.6 billion every year just to clean up spills from old sewage systems.</p>
<p>In recent years, state and local governments, which contribute the vast majority of infrastructure spending, have shrunk significantly in the wake of unprecedented budget shortfalls. The federal government needs to step up, but the Republican candidates would rather scale down.</p>
<p>There will never be a better time to rebuild our infrastructure. Millions of Americans desperately need jobs. The government can borrow at <a href="http://www.washingtonpost.com/blogs/ezra-klein/post/an-opportunity-we-cant-afford-to-miss/2011/08/25/gIQAHtWPpJ_blog.html?wprss=ezra-klein" target="_blank">near-zero interest rates</a>.</p>
<p>We&#8217;ve been here before.</p>
<p>In 1935, with unemployment at 20 percent, the government created the <a href="http://www.nakedcapitalism.com/2012/01/a-federally-funded-jobs-program-lessons-from-the-wpa.html" target="_blank">Works Progress Administration</a>. Over the next eight years, the WPA provided eight million jobs. It built or renovated 560,000 miles of roads, 20,000 miles of water pipes, 417 dams, 2,700 firehouses, 5,000 schools, 1,800 hospitals, 2,000 stadiums, 1,800 runways, and 6,000 fire and forest trails. By 1941, before the United States entered World War II, unemployment had fallen to 6 percent.</p>
<p>We can do it again.</p>
<p>Or we can go back to the nineteenth century. We can go back to a world without paved roads or bridges or clean water, with one-room schoolhouses spaced many miles apart and hospitals that took hours to reach. We can go back to the days when sewage was untreated and floods overwhelmed many towns, when recessions were more frequent and unemployment rose more sharply.</p>
<p>We can go back to small government, if we&#8217;re willing to give up our way of life.</p>
<p>==========</p>
<p>This op-ed was <a href="http://www.sun-sentinel.com/news/opinion/fl-aocol-small-government-obama-0127-20120127,0,7503102.story" target="_blank">published in today&#8217;s <em>South Florida Sun-Sentinel</em></a>.</p>
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		<title>Quote of the Day: Kevin Carey</title>
		<link>http://www.anthonyworlando.com/2012/01/23/quote-of-the-day-kevin-carey/</link>
		<comments>http://www.anthonyworlando.com/2012/01/23/quote-of-the-day-kevin-carey/#comments</comments>
		<pubDate>Mon, 23 Jan 2012 23:00:52 +0000</pubDate>
		<dc:creator>Anthony W. Orlando</dc:creator>
				<category><![CDATA[Witty Ditty]]></category>
		<category><![CDATA[Debt bondage]]></category>
		<category><![CDATA[Education]]></category>
		<category><![CDATA[Education Sector]]></category>
		<category><![CDATA[Indentured servant]]></category>
		<category><![CDATA[Kevin Carey]]></category>
		<category><![CDATA[Smuggling]]></category>
		<category><![CDATA[student loans]]></category>
		<category><![CDATA[The New Republic]]></category>

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		<description><![CDATA[For a growing number of students, entering the lucrative college-educated realms of the economy is like being smuggled across the border &#8212; you can get to the promised land if you try hard enough, but you arrive in a state of indentured servitude to the shady operators who overcharged you for the trip. &#8211; Kevin [...]
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			<content:encoded><![CDATA[<p style="text-align: center;">For a growing number of students, entering the lucrative college-educated realms of the economy is like being smuggled across the border &#8212; you can get to the promised land if you try hard enough, but you arrive in a state of indentured servitude to the shady operators who overcharged you for the trip.</p>
<p style="text-align: right;"><a href="http://www.tnr.com/print/article/politics/99415/college-tuition-afford-higher-education" target="_blank">&#8211; Kevin Carey (Education Sector)</a></p>
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		<title>Screw the FCC&#8230; Bring Back the Antitrust Division!</title>
		<link>http://www.anthonyworlando.com/2012/01/21/screw-the-fcc-bring-back-the-antitrust-division/</link>
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		<pubDate>Sun, 22 Jan 2012 03:23:59 +0000</pubDate>
		<dc:creator>Norman Horowitz</dc:creator>
				<category><![CDATA[Hollywood Insider]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[CBS Corporation]]></category>
		<category><![CDATA[CNN America Inc.]]></category>
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		<category><![CDATA[Federal Communications Commission]]></category>
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		<category><![CDATA[VIACOM INC.]]></category>

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		<description><![CDATA[by Norman Horowitz If a part of our media seems good to me, It’s the radio, the newspapers, and free TV. Cable would be better without Fox, you see, &#8216;Cause I just need CNN and MSNBC. CBS and Comcast still have a ball &#8216;Cause the FCC allows them to have it all. Disney and Viacom, they want [...]
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<li><a href='http://www.anthonyworlando.com/2011/08/29/whats-the-use-of-having-power-if-you-dont-abuse-it/' rel='bookmark' title='What&#8217;s the Use of Having Power if You Don&#8217;t Abuse It?'>What&#8217;s the Use of Having Power if You Don&#8217;t Abuse It?</a> <small>by Norman Horowitz When I was at MGM, the person...</small></li>
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			<content:encoded><![CDATA[<p><strong>by Norman Horowitz</strong></p>
<p style="text-align: center">If a part of our media seems good to me,<br />
It’s the radio, the newspapers, and free TV.<br />
Cable would be better without Fox, you see,<br />
&#8216;Cause I just need CNN and MSNBC.<br />
CBS and Comcast still have a ball<br />
&#8216;Cause the FCC allows them to have it all.<br />
Disney and Viacom, they want it too,<br />
As long as the FCC lets them screw<br />
The public sector that moans and cries<br />
When all they get from NewsCorp are great big lies.<br />
Warner Brothers want more of it too,<br />
While Americans like me and you<br />
Suffer from the power of all of them.<br />
They want it all and they says amen<br />
To rules and regs; they got their way.<br />
Too bad about the public; they can always pray<br />
To a God who is not with us, not here, not now<br />
It’s with money and power that they all know how<br />
To con the system, and they always want more,<br />
And the politics of it all are just a bore.<br />
What you watch and what you see<br />
In the movies and on TV<br />
Comes from a system that got that way<br />
&#8216;Cause money wants company and will always hold sway.</p>
<p>FCC Chairman Julius Genachowski wants to change federal rules that limit companies from owning TV and radio stations in the same market. For a bonus, he also wants to do the same for TV stations and newspapers. He&#8217;s circulating a Notice of Proposed Rulemaking that would eliminate the TV/newspaper restriction in the 20 largest markets. Genachowski’s proposal is similar to what the former FCC Chairman Kevin Martin pushed through in 2008.</p>
<p>I say: Bring back competition, diversity, and localism!</p>
<p>Related posts:<ol>
<li><a href='http://www.anthonyworlando.com/2011/08/29/whats-the-use-of-having-power-if-you-dont-abuse-it/' rel='bookmark' title='What&#8217;s the Use of Having Power if You Don&#8217;t Abuse It?'>What&#8217;s the Use of Having Power if You Don&#8217;t Abuse It?</a> <small>by Norman Horowitz When I was at MGM, the person...</small></li>
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