Tuesday, February 26, 2013

Sequester festers; does it matter?

In Oregon, we are far less addicted to the federal dole than places like Virginia, Alaska or Kentucky.

Or most states, for that matter.

Here's a map of the projected effects of the sequester cuts on all the states. Oregon ranks near the bottom with federal spending accounting for just 2.1 percent of our state gross domestic product.

So, the federal budget cuts that are to take effect on Friday won't have much of an impact here.

There are some polls out today that show Republicans are simply out of touch with reality. A Pew Research Center poll even shows that most Americans view the GOP as too extreme. 

Not sure we needed a poll to reveal the obvious. but it helps to show Republicans what the country thinks about them. In light of this, it's surprising to see more than 80 prominent Republicans come out in favor of marriage equality.

Another poll, from NBC and the Wall Street Journal, shows a number of things such as the GOP is less interested in national unity than President Obama and that the public is wary what the budget cuts could do to the economy.  Again, no surprise here.

Meanwhile, the uber rich say "ah sequester, schmester."

Jamie Dimon, head of JPMorgan Chase, bragged to investors that his "bank is anti-fragile, we actually benefit from downturns."

Finally, there is little story of a study about why the filthy rich hate budget deficits and why they don't care if Medicare or Social Security or any program that affects the masses get financially gutted through budget cuts.

The MSNBC story adds that one of the study's authors said that since the wealthy exert more influence on government, their fixation on deficits is shaping public policy toward cost cutting rather than government spending.

"We suggest that these distinctive policy preferences may help account for why certain public policies in the United States appear to deviate from what the majority of U.S. citizens want the government to do," the authors state in the report. "If this is so, it raises serious issues for democratic theory."

Ya think?

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