A lot of ink, pixels, and air have been used on the potential effects of the so-called “fiscal cliff.” While many experts say that “cliff” is a misnomer (it’s more of long slope in the wrong direction), there is at least broad agreement that it’s not the right direction for the country’s long-term health.
We’ve heard a lot about the potential effects on Wall Street, our nation’s credit rating, and even the military. But little has been said about the devastating consequences for our nation and the world’s poorest and most vulnerable people — or for the charities and non-profits that serve them.
This week, the Circle of Protection, released an open letter to the president and Congress with a simple message: during the holidays, please “advance policies that protect the poor — not ones that make them poorer.”
Jim Wallis, President and CEO of Sojourners, met with President Barack Obama and other key officials at the White House on Friday to discuss the fiscal cliff, and urge a fair budget deal that does not harm the poor and vulnarable. After the meeting, he sat down with Rev. Al Sharpton on MSNBC's Politics Nation to talk about the results of the meeting.
The election is finally over, and both parties understand the key role Latino voters played in the outcome. The balance of power in Washington remains the same, but the political winds have shifted dramatically on immigration. During the campaign, President Barack Obama promised to pass immigration reform if reelected. House Speaker John Boehner also recently stated that a “comprehensive approach is long overdue.”
Momentum is building. A new consensus is emerging. Progress is possible.
By the time President Obama walked off the stage at Chicago’s McCormick Place after delivering his acceptance speech early Wednesday morning, pundits already were screaming HERE COMES THE FISCAL CLIFF!
And while it might have been a nice idea to take a collective breath after such a divisive election season before new screeching began, the pundits were not wrong.
Be warned: The Fiscal Cliff approaches. On Jan. 2, 2013, to be exact.
Now, I am many things, but an economist (or even a person remotely comfortable with numbers) is not one of them. So let me explain to those of you who are like me, in the simplest terms possible, what this proverbial cliff is all about.
In the wake of the debt ceiling crisis last summer, Congress and President Obama agreed to enter into negotiations to enact a 10-year deficit reduction package in excess of $1.2 trillion.
If an agreement could not be reached, a mandatory, across-the-board reduction in spending (also known as “sequester” or “sequestration”) would occur. All discretionary and entitlement spending -- with a few exceptions -- would be subject to sequestration....
Under sequestration, the U.S. foreign aid that has made such a tremendous difference in Ethiopia and in the lives of countless millions of desperately poor Africans (and others) is in grave jeopardy.
President Obama on Tuesday gave a forceful speech at the United Nations, in which he challenged much of the world's assumptions about free speech and religion.
Here are five points from his address, which together, add up to as close to an Obama Doctrine on Religion as we've seen:
1. Blasphemy must be tolerated, however intolerable
The idea that the U.S. protects even vile speech, so ingrained in American culture, seems counterintuitive to much of the world. It’s an especially tough concept when speech targets a religion, but Obama argued that restrictions on speech too often become weapons to suppress religion – especially the rights of religious minorities.
In December, I will be hosting a public reading of the 2010 Department of Defense Appropriations Act in front of the Capitol in Washington, D.C.
I am doing so because page 45 of this 67 page document contains a generic, non-binding apology to native peoples on behalf of the citizens of the United States.
The text of the apology included in the defense appropriations bill reads:
Apology to Native Peoples of the United States
Sec. 8113. (a) Acknowledgment and Apology- The United States, acting through Congress —
(1) recognizes the special legal and political relationship Indian tribes have with the United States and the solemn covenant with the land we share;
(2) commends and honors Native Peoples for the thousands of years that they have stewarded and protected this land;
(3) recognizes that there have been years of official depredations, ill-conceived policies, and the breaking of covenants by the Federal Government regarding Indian tribes;
(4) apologizes on behalf of the people of the United States to all Native Peoples for the many instances of violence, maltreatment, and neglect inflicted on Native Peoples by citizens of the United States;
(5) expresses its regret for the ramifications of former wrongs and its commitment to build on the positive relationships of the past and present to move toward a brighter future where all the people of this land live reconciled as brothers and sisters, and harmoniously steward and protect this land together;
(6) urges the President to acknowledge the wrongs of the United States against Indian tribes in the history of the United States in order to bring healing to this land; and
(7) commends the State governments that have begun reconciliation efforts with recognized Indian tribes located in their boundaries and encourages all State governments similarly to work toward reconciling relationships with Indian tribes within their boundaries.
This apology was not publicized by the White House or Congress. As a result, a majority of the 350 million citizens of the United States do not know they have been apologized for, and most of the 5 million Indigenous Peoples of this land do not know they have been apologized to.
While the country continues to be outraged over the shootings in Aurora, Colo., lobbyists on both sides of the gun debate, talking heads, and politicians are using it as an opportunity to push their agendas. Perhaps one of the most controversial is the erection of a billboard picturing shooter James Holmes beside President Barack Obama, paralleling the shooting to the war in Afghanistan.
To read more from The Atlantic Wire and view the billboard, click HERE.
Writing for The Atlantic, Derek Thompson takes a look at what the President's tax plan actually does:
"In the long run, historically low tax rates for the "bottom" 98 percent aren't sustainable. For President Obama, demanding higher taxes on rich people is the easy part. Three in five people told Gallup that "upper-income people" were paying too little in federal taxes, Molly Ball reported. The hard part is facing up to the long-term reality that historically low tax rates on 98 percent of Americans is no way to pay for historically high entitlements for 100 percent of Americans."
Learn more here
Yesterday, as Congress battled over the future of interest rates on student loans, I was invited to the East Room of the White House to hear President Obama call on Congress to keep college affordable. Upon arrival, I found that most of the invitees were college students 20 years old and younger—at 36, I felt pretty old.
It was like being at a rally at on a college campus. What made it interesting was that Obama was directly speaking to those most affected by this pending Congressional action – college students.
College students who need to borrow for school, on average graduate with more than $25,000 in debt.
On July 1, the federal interest rate for student loans is scheduled to double from 3.4 percent to 6.8 percent unless Congress intervenes. The new rate would affect federally subsidized Stafford loans, which are provided to almost 7.5 million low- and moderate-income students nationwide each year.