The Demise of Dubyanomics?

After some balking by GOP moderates — and a surprising defeat on a spending bill — yesterday, the House manages to pass their budget. Still, “Republicans salvaged the win this time only by jettisoning one of President Bush’s top domestic priorities, opening Alaska’s National Wildlife Refuge to oil drilling, then trimming planned cuts to food stamps, Medicaid and student lunch programs.” And, on the Senate side, GOP moderates not only joined Dems in preventing the renewal of Dubya’s capital gains and dividend tax cuts, but raised taxes on oil companies (which, of course, may prompt a Dubya veto.) Sure, there’s still a lot of lousy stuff in these bills, but it’s nice to see some of the central premises of Dubyanomics — soak-the-poor, cut the rich a break, a free ride for Big Oil — fall apart in a GOP-controlled Congress.

Arctic Dreams.

Just as it seemed the Senate had decided its fate, ANWR gets a reprieve, thanks to House GOP moderates forcing the removal of arctic drilling from the budget bill. And it gets worse for the rabid right-wing: Not only are the same GOP moderates balking at some of the draconian cuts in this budget, but key Senators are now turning against extending Dubya’s millionaire tax breaks. Olympia Snowe (R-ME) has already registered her disapproval, and George Voinovich (R-OH) says: “I do not know how anyone can say with a straight face that when we voted to cut spending last week to help achieve deficit reductions we can now then turn around two weeks later to provide tax cuts that exceed the reduction in spending…That is beyond me, and I am sure the American people.” Update: The House GOP are forced to punt ’til next week, as they try to gather the requisite votes.

War on the Poor.

“It was unfortunate political timing for House Republicans: On Friday, as the Agriculture Committee was drafting budget-cutting legislation that could knock 295,000 people off food stamps, the Agriculture Department released findings that 529,000 more Americans went hungry last year than in 2003.” As is their wont, the House GOP cut food stamps, student loans, Medicaid, and child support enforcement in the name of preserving Dubya’s tax breaks for millionaires. Whatsmore, “[a]ccording to the Congressional Budget Office, neither the House nor the Senate bills will actually trim projected budget deficits, since they will be followed by a package of tax-cut extensions that would cost the Treasury $70 billion over five years.”

On the Backs of the Struggling.

Has Operation Offset been enacted? “Beginning this week, the House GOP lawmakers will take steps to cut as much as $50 billion from the fiscal 2006 budget for health care for the poor, food stamps and farm supports, as well as considering across-the-board cuts in other programs.” There’s today’s GOP in a nutshell for you. When the going gets tough, their first instinct is to keep the Dubya tax breaks for millionaires and crack down instead on food stamps and Medicaid. Really, who put these assholes in charge of the public purse? You couldn’t find a more detestable gang of bandits and thugs if you tried.

Making Hay while the Cities Drown.

Looka points the way to a truly horrifying breakdown of Operation Offset, the House Republicans’ disgusting, abhorrent proposal to pay for Katrina reconstruction (without, of course, touching a red cent of Dubya’s millionaire tax breaks) So, guess who foots the bill?

“The Republicans would freeze funding for the Peace Corps, the Global AIDS Initiative, U.N. peacekeeping operations and a wide variety of third-world development programs; eliminate the EnergyStar program, eliminate grants to states and local communities for energy conservation, reduce federal subsidies for Amtrak, eliminate funding for new light-rail programs and cancel the president’s hydrogen fuel initiative; eliminate state grants for safe and drug-free schools because ‘studies show that schools are among the safest places in the country and relatively drug free’; and eliminate the teen funding portion of Title X, which provides ‘free and reduced-price contraceptives, including the IUD, the injection drug Depo-Provera, and the morning-after pill’ to poor teenagers.

Along the way, they’d find a way to punish — or simply eliminate — some of their enemies, real and imagined. They’d cut funding for the District of Columbia, eliminate funding for the Corporation for Public Broadcasting, eliminate subsidized student loans for graduate students, terminate the Legal Services Corporation, eliminate funding for the National Endowment for the Arts and kill the National Endowment for the Humanities…

[T]he Republican plan also calls for ‘rational reforms to Defense and Homeland Security.’ Does this mean cutting weapons systems at the expense of big defense corporations? Well, no. But it does mean closing schools for the children of soldiers, cutting grants for local responders and offering National Guard members the ‘option’ to purchase a less comprehensive healthcare plan.”

So, just to clarify: Rather than roll back the Dubya tax breaks for the wealthiest 1% of Americans, which almost alone would raise the necessary funds, Boss DeLay and the House GOP want to cut a Grover Norquist-style swath of destruction through our government and foist the clean-up bill on everyone but their fatcat cronies. I must say, I am consistently surprised by the current GOP leadership’s ability to plumb new depths of repugnance.

Morally Bankrupt, pt. II.

Even as the fundies rattle the leash, the House moves to placate the GOP’s real masters by approving the corporate-friendly bankruptcy bill 302-126. “Its passage by Congress is a victory for executives in the credit card, retail and auto financing industries who have pushed it for nearly a decade.” But, not to worry, y’all — the base is protected: The bill “preserve[s] loopholes that enable wealthy individuals who file for bankruptcy to shield unlimited amounts of money in complex trusts and in multimillion-dollar homes in states including Texas and Florida.”

“Morally Bankrupt.”

“So what does the bill do? It makes it harder for average people to file for bankruptcy protection; it makes it easier for landlords to evict a bankrupt tenant; it endangers child-support payments by giving a wider array of creditors a shot at post-bankruptcy income; it allows millionaires to shield an unlimited amount of equity in homes and asset-protection trusts; it makes it more difficult for small businesses to reorganize while opening new loopholes for the Enrons of the world; it allows creditors to provide misleading information; and it does nothing to rein in lending abuses that frequently turn manageable debt into unmanageable crises. Even in failure, ordinary Americans do not get a level playing field.” Salon‘s Arianna Huffington ably dissects the GOP bankruptcy legislation currently making its way through Congress. Update: It passes the Senate, with the help of 18 Dems. For shame.

Hard Times.

With the Dubya deficit looming over the second term agenda (and it’s not going anywhere anytime soon) and the proposed Social Insecurity PSAs now costing trillions (per Vice-President Cheney), the administration releases a $2.57 trillion budget which “eliminates dozens of politically sensitive domestic programs, including funding for education, environmental protection and business development” and doubles the prescription drug copay for veterans. (America’s children and Armed Forces — our nation’s richest 1% thank you again for your sacrifice.)

Dubya’s America.

“The ranks of the poor and those without health insurance grew in 2003 for the third straight year, the government reported on Thursday.” What more needs to be said? In the immortal words of Ronald Reagan, are you better off today than you were four years ago?

The A-Rod Write-Off.

Well, thank goodness the GOP Congress has finally done something to alleviate the financial burden of sports team ownership in this country. When I think of all the pain, misery, and degradation that Mark Cuban, George Steinbrenner, and other multi-millionaires have been subjected to by the tax code of late, my heart just sickens. Now hopefully Congress will turn their attention to eliminating the IRS entirely, and I’ll be able to sleep knowing that no corporate CEO or energy baron will ever again be unduly harrassed in this great nation.