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GOP's Medicare Plan Would Be a Windfall for Insurers

Rep. Paul Ryan's plan to privatize Medicare would accelerate a trend started several years ago by corporate CEOs and their political allies to shift ever-increasing amounts of risk from Big Business and the government to workers and retirees.

Rep. Paul Ryan (R-Wisconsin)If enacted, the Ryan plan would represent a windfall of unprecedented proportions for insurance corporations and other businesses.

For millions of average Americans, many of whom already are finding it impossible to save for retirement, it would represent financial calamity. The nation's middle class would pay dearly for Ryan's proposed shredding of the social safety net that Medicare currently provides.

Walker Says Wisconsin's Broke, But the Facts Say Otherwise

The Institute for One Wisconsin, a non-partisan organization, released a report (pdf) last week that says that "despite claims from Governor Scott Walker, Wisconsin is not 'broke.'" Their research found that the state's Gross Domestic Product (GDP) has risen in the past twenty years, and though the state is overall quite wealthy, the bulk of that wealth has shifted to the richest people of the state, while Wisconsin's tax structure "is built around the middle class."

How does this shift in wealth make the state look as though it was broke? One Wisconsin stated that "this discrepancy has led to tax revenues failing to keep pace with Wisconsin's GDP, an over tax-burdened middle class, and budget shortfalls, instead of surpluses." While tax cuts for the wealthiest of the country and state have been extended, the tax burden has now been handed over to the middle class of the state, creating a disparity in people's falling incomes and rising taxes in the middle class.

Taxpayers Demand Chase Bank Pay its Fair Share

tax dodger bannerAt a rally held in front of Chase Bank on Capitol Square in Madison, Wisconsin today, a few dozen people gathered to air their grievances against Chase and other U.S. corporations who will pay no taxes for 2010. Jeff Kravat of MoveOn hosted the rally along with Gene Lundergan, who gathered a group of four or five people to present a tax bill of almost $2 billion to the branch bank manager. This bill, for $1.988 billion, was drawn up using Chase's 2010 10-K filing with the Securities and Exchange Commission (SEC) and a December 2008 U.S. Government Accountability Office (GAO) report (pdf). When Lundergan, Steve Hughes of Young Progressives and several others approached the front entrance of the bank, they were refused admission by the security guard, so they left the bill propped in the front window.

Are Seniors Paying Attention to Paul Ryan's Medicare Plan?

Americans were misled by insurance industry rhetoric about health reform Tea Party members who railed against health care reform because of the spin they were sold about how "Obamacare" would affect Medicare played a big role in returning the House of Representatives to Republican control.

I'm betting that many of them, if they're paying attention to what Rep. Paul Ryan (R-Wisconsin) wants to do to the Medicare program, are having some serious buyer's remorse. If Democrats are wise, they're already drafting a strategy to remind Medicare beneficiaries, including card-carrying Tea Party members, just how fooled they were into thinking that Republicans were the protectors of the government-run program they hold so dear.

Martial Law Now a Reality in Michigan

The week of April 10-16 saw the layoff of every public school teacher in Detroit, and the initial fruition of the highly-contested bill that allows emergency financial managers to have unconditional control over a city in a financial emergency. The city of Benton Harbor, Michigan, declared to be in a financial emergency by Governor Rick Snyder, now knows that, according the Snyder, the voter's voice doesn't really matter anymore.

Map of Benton Harbor, MIJoseph Harris, the city's new Emergency Financial Manager (EFM), dismantled the entire government, only allowing city boards and commissions to call a meeting to order, approve of meeting minutes and adjourn a meeting.

The law that allows Harris to "exercise any power or authority of any office, employee, department, board, commission, or similar entity of the City, whether elected or appointed," was passed in March after the urging of Governor Snyder, and despite thousands of protesters who came to the Lansing capitol throughout February and March.

Badgers Drown Out Mama Grizzly

Wisconsin isn't broke Fitzwalkerstan is bankruptThe wet snow and tense atmosphere did not deter thousands of people from coming to the capitol for Americans for Prosperity's Tax Day Rally. The major draw was former Alaska Governor Sarah Palin, who was announced as a speaker days before the event on Saturday. Crowd estimates vary from hundreds to thousands, but the majority of people were there to protest -- not applaud -- Palin. One local reporter paced-off the area where the majority of AFP protesters clustered and said it totaled 20 by 35 feet.

Koch-Fueled Controversy Lands in Washington

On April 14 the House Oversight and Government Reform Committee, chaired by Darrell Issa (R-California), held a hearing on state and municipal debt where the key question was State Budget Cuts: Choice or Necessity?

Chairman Issa started off by framing the issue in a manner that was thrilling to Wall Street barons and corporate big wigs. He said that states will face a shortfall of $112 billion in 2012 and the reasons for this were "obvious." The primary reasons, according to Issa, are reckless spending and unfunded or underfunded pension funds. The 2008 Wall Street financial crisis and the staggering job loss, which caused state and federal tax revenues to tank, were not mentioned.

And so it went. Flying in the face of fact and reason, Republicans insisted that states spend too much and that the best way to attack the state deficit problem is on the back of unionized workers, their only organized opposition in the electoral arena.

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