Who is making that decision?
How can I influence that decision?
Random thoughts and copies of emails that I spend way too much time on.
Like you, we are stunned and devastated by the destruction caused by the Oso mudslide.We’ve already lost over a dozen Washingtonians. With many still missing, this could be one of the deadliest natural disasters in state history.When one community in our state is hurt, it hurts us all. Our hearts are breaking for the victims taken by this disaster, their families, and all those affected.With tragedies like this, heroes emerge. We learn about the strength in our communities that we didn’t know was there.We thank and honor the first responders, relief organizations, civic and government leaders, volunteers, and all those who are working day and night to help those affected.It’s hard not to feel powerless at times like this. But a donation to help the relief effort is one way that we can do our part.In solidarity,Jaxon Ravens
Washington State Democrats Chair
I saw a post on Facebook linking to an NPR article about how the US Treasury is paying down $35 Billion dollars of the National Debt. This is the first time in 6 years that they have done this, so before the 2008 crisis. A couple of questions come to mind.
First, how are they doing this? Are they retiring some of the Treasury bonds early? Normal Treasury bonds are 30 year bonds, although they have shorter term bonds out there as well. Which ones are they paying off? Who owns them?
Second, if this was done 6 years ago, sometime in 2007, why don't I remember hearing about it? Is this something that the Treasury does on a semi-regular basis, no matter who the President is? It reminds me of posts in 2009 up to today clamoring for the President to re-install the solar panels on top of the White House that Reagan had removed in 1981. Actually, if you truly pay attention to the news, you would have knows that President Bush reinstalled them through the National Parks Service near the end of his first term in 2003. Not everything is black and white. I wouldn't have expected a Republican President to direct the Treasury to pay down the National Debt, but I guess he must have.
Third question came from another search result that came up when I was looking for more information. It seems that NPR did a story about a government report from the year 2000 talking about the changes that would need to happen if the Federal Government was able to retire ALL of the debt. There are some major foundational aspects of our financial and monetary system that would have to change, and the report talks about them.
First, investors looking for an asset free of credit risk can no longer count on an abundant supply of U.S. Treasury securities, and Treasury securities may no longer provide a reliable benchmark for other interest rates.
Second, the Federal Reserve may have to change the mechanisms by which it conducts monetary policy.
Third, continued surpluses after the public debt has been paid off will require the Federal. government to acquire assets; either directly or though the Social Security Trust Fund. This raises issues about what kinds of assets might be acquired, and the best way to manage this task.
This research brought me back to a concept I've been thinking about for several years, wondering how a government agency could operate without debt. I believe that our monetary system has flaws, and they have been identified many times in many different venues. The most blatant expression of them was in the movie Collapse, which is about the work of Michael Ruppert. He identifies three main issues with the current monetary system.
There are solutions for these issues. It's not easy, and it takes a great deal of change in the way we think about money. But it would be possible. If anyone is interested, I can expand on these ideas and continue. But please let me know that you're reading by commenting below.
I was infuriated beyond reason when the Susan G. Komen Foundation decided to yank funding from Planned Parenthood. I threw out some pretty heavy twitter posts demanding the resignation of the Vice President of Komen who was a former conservative Republican elected official in Georgia, I watched the twitter attacks and goaded them on, and I was relieved when they reversed their decision.
Here's the problem I see that is not getting enough coverage. Conservatives have been saying for decades that welfare programs and other programs that help the poor by using tax money are beyond the scope of our government because the non-profit charities and churches should be sufficient to cover the need. They know they are lying, but they keep saying it.
At the same time, they are putting people into positions of power within those very non-profits that are focused on helping people, and then coming out with statements like this:
Our original desire was to fulfill our fiduciary duty to our donors by not funding grant applications made by organizations under investigation. We will amend the criteria to make clear that disqualifying investigations must be criminal and conclusive in nature and not political. That is what is right and fair.
Right and fair? No. Heck no. Because what this says is that anyone in Congress can put together the paperwork to begin a "criminal" investigation against a group helping the poor or with a politically motivated bend, and they can again pull the plug on donations.
It's not the mission of non-profit groups to "fulfill a fiduciary duty to their donors". That's insane. That's corporate speak for not giving a zing about their communities and the people they are supposed to be serving.
It's not time to pull back on the social media coverage on Komen and the larger problem of conservatives taking over our entire society with their "I don't give a ding about those people over there" ideas. It's time to double down. And it's time to kick the entire Conservative Movement back across the ocean, which we did originally in 1776.
Rep. Ted Deutch: The OCCUPIED Amendment, H. J. Res 90
Senator Bernie Sanders: Saving American Democracy Amendment, S. J. Res 33
Rep. Jim McDermott (WA-07) co-sponsored on December 2nd
Rep. Rick Larsen (WA-02) co-sponsored on December 13th
Two down, seven to go.