Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts

Wednesday, October 3, 2012

Presidential National Security


For this week's issue, we'll look at candidates' platforms on National Security. Once again, all information and videos are taken directly from the candidates' websites, either in part or in whole, unless otherwise noted, with minimal alteration to clarify and streamline information.

Barack Obama
Summarized from Obama's Website

  • President Obama kept his promise to end the war in Iraq and bring our troops home.
  • President Obama is drawing down our troops in Afghanistan as we transition security responsibility to the Afghan people, and is on track to responsibly end the war there in 2014. 
  • President Obama made the bold decision to order a raid on Osama bin Laden’s compound in Pakistan, eliminating the man responsible for the 9/11 attacks and the only leader al Qaeda had ever known. 
  • In 2010, President Obama announced an international effort to secure all vulnerable nuclear materials in four years, and has worked to prevent the proliferation of nuclear weapons in Iran and North Korea. 
  • President Obama has strengthened our alliances around the world with friends like Israel, our NATO allies, and our partners in Asia and Latin America. And he has brought together international coalitions to confront shared challenges, such as Iran’s nuclear program.
    Romney's Rebuttal
    Summarized from Romney's Website
    • President Obama has repeatedly sought to slash funds for our fighting men and women, and over the next ten years nearly $1 trillion will be cut from the core defense budget. This budget cutting enterprise is proceeding while American troops are in combat in Afghanistan, returning from their mission in Iraq, and fighting the remnants of al Qaeda worldwide. The Obama administration’s cuts have left us with a military inventory largely composed of weapons designed forty to fifty years ago. The average age of our tanker aircraft is 47 years, of strategic bombers 34 years. The U.S. Navy has only 284 ships today, the lowest level since 1916, and our naval planners indicate we need 328 ships to fulfill the Navy’s role of global presence and power projection in defense of American security. Our Air Force, which had 82 fighter squadrons at the end of the Cold War, has been reduced to 39 today. President Obama has cut funding for national missile defense. 
    •  The Obama administration is seeking to reap a “peace dividend” when we are not at peace and when the dangers to our security are mounting. This flies directly in the face of conclusions from the bipartisan Perry-Hadley Commission set up by Congress in 2010. Even before Congress had adopted its latest round of cuts and even before President Obama had proposed yet deeper cuts, the Commission warned that: “[t]he aging of the inventories and equipment used by the services, the decline in the size of the Navy, escalating personnel entitlements, overhead and procurement costs, and the growing stress on the force means that a train wreck is coming in the areas of personnel, acquisition, and force structure.”
    • It is unconscionable that the men and women of America’s military must fly in airplanes that are old and unreliable, must sail in ships that have cracked hulls, or must ride in vehicles that are urgently in need of replacement — all because their government has had neither the vision to plan for their needs or the simple common sense to manage its own budget. 
    Mitt Romney
    Summarized from Romney's Website
    • As Commander-in-Chief, Mitt Romney will keep faith with the men and women who defend us just as he will ensure that our military capabilities are matched to the interests we need to protect.
    • Romney will put our Navy on the path to increase its shipbuilding rate from nine per year to approximately fifteen per year. He will also modernize and replace the aging inventories of the Air Force, Army, and Marines, and selectively strengthen our force structure. And he will fully commit to a robust, multi-layered national ballistic-missile defense system to deter and defend against nuclear attacks on our homeland and our allies. 
    • Romney believes we cannot rebuild our military strength without paying for it. Mitt will begin by reversing Obama-era defense cuts and return to the budget baseline established by Secretary Robert Gates in 2010, with the goal of setting core defense spending — meaning funds devoted to the fundamental military components of personnel, operations and maintenance, procurement, and research and development — at a floor of 4 percent of GDP. 
    • Mitt will also find efficiencies throughout the Department of Defense budget that can be reinvested into the force. The Department’s bureaucracy is bloated to the point of dysfunction and is ripe for being pared. In the years since 2000, the Pentagon’s civilian staff grew by 20 percent while our active duty fighting force grew by only 3.4 percent. That imbalance needs to be rectified.
    • During World War II the United States built 1,000 ships per year with 1,000 people employed in the Bureau of Ships, as the purchasing department of the Department of the Navy was then called. By the 1980s, we were building seventeen ships per year, with 4,000 people in purchasing. Today, when we are building only nine ships a year, the Pentagon manages the shipbuilding process with some 25,000 people. That kind of excess must be brought to an end along with the byzantine rules and wasteful practices that riddle the military procurement process.
    • The measures Mitt Romney will take include establishing clear lines of authority and accountability for each weapons system so they remain on time and on budget. He will institute shorter design and delivery cycles for weapons systems to eliminate the current practice of relying on yet-to-be-developed technologies, which creates delays and cost overruns. This will foster more realistic planning, get equipment into the field at a faster pace, and save the cost of having to keep older weapons systems in circulation.
    • Romney will institute greater competition at all levels of the procurement process. And he will work with Congress to pass budgets on time — something the Obama administration has habitually failed to do — to allow the Department of Defense and defense contractors to properly plan multi-year projects without delay and disruption. These and other reforms will ensure a functioning procurement system that redirects savings into the defense of our nation
    Obama's Rebuttal
    (Summarized from Obama's Website)
    • Mitt Romney called the decision to bring our troops home from Iraq “tragic.”
    • Mitt Romney has no plan to withdraw our troops from Afghanistan.
    • Mitt Romney once said, “It’s not worth moving heaven and earth spending billions of dollars just trying to catch one person.”
    • Mitt Romney has made reckless, unfounded claims but has not outlined any detailed policies for these issues.
    • On a foreign trip, Mitt Romney insulted one of our closest allies—the British—right before their Olympics. And he’s spent months on the campaign trail criticizing our allies and partners around the world.
    Conclusion
    So in summary, Obama wants to use more diplomacy and less force to increase stability, while Romney wants to shift military spending from support personnel to front line hardware.
    Turn in Friday for the Superhero opinions.
    ~James

    Saturday, September 29, 2012

    Superheroes' Finanaces and Fresh Political Videoes

    A few things to mention today.  First up are two things I found in the course of writting yesterday's article.
    At left is part of an infographic by H&R Block detailing Batman and Spider-Man's finances. You can see the whole thing here.
    http://comiccoverage.typepad.com/photos/uncategorized/2007/04/15/taxman_2.jpg

    And here are two panels from Superman Vol 1 #148 where Superman learns he owes $1 Billion in taxes. It's a really silly story, and Superman eventually gets out of it thanks to a loophole, hence yesterday's comments from Superman.
    And below we have some videos. The first is Nick Fury himself, Samuel L Jackson's endorsement video for Barack Obama. It's an interesting video, and you can learn more about it in this article by The Examiner. The next video is cold opening for The Simpson's season premier on Sept 30, where Homer goes to vote. And the last video is an Auto-Tune Remix of Obama and Romney's convention speeches. Enjoy!
    ~James

    Friday, September 28, 2012

    Superheroes and Taxes


    And now, the superheroes shall comment on the candidates' equal rights and women's health platforms, and give a point for Obama, Romney or Undecided. Once again, some of these statements are direct or expanded quotes. Try to figure out which ones in the comments!

    "I pay $17 million in taxes but I make over $100 million a year. Paying more to improve America's infrastructure and reduce crime is a good thing in my books."
    Point for: Obama

    "America wasn't built on nothing. It was built with the money people paid in taxes, and used to make this land great. Romeny's plan to cut taxes and slash funding isn't what America needs in this tough time. What we need is a government that's there for all of its people, not just the people that voted for it."
    Point for: Obama


    "Romney's clear preference for the upper-class over everybody else is losing him a lot of votes, including mine."
    Point for: Obama

    Shadowcat 
    "Obama isn't increasing the tax burden on the average America, he's increasing the tax burden on rich Americans like you Mister Romney"

    Point for: Obama

    "You can't be afraid to spend money on things that'll help make the world a better place. Obama thinks that means people, while Romney thinks it means rich people. I think Obama has the right idea."
    Point for: Obama


    "Romney keeps talking about maintain fairness, but his idea of fairness seems to favor the rich that have been giving him donations."
    Point for: Obama

    Spider-Girl "Romney's desire to keep loopholes that favor the rich open show exactly who he cares about, which isn't the average American." 
    Point for: Obama
    "Can't we just put everything on plastic?"
    Point for: Undecided

    "As someone with a fixed income, I can't support Mitt Romney's plans to favor the rich over everyone else."
    Point for: Obama

    "People may not like them, but taxes are necessary to pay for things like defense and education. If your owning people, cutting taxes whiles saying you'll pay everyone back just ain't going to work Mr. Romney."
    Point for: Obama

    Mr. Incredible
    "Of course Obamacare is being disruptive, because your making it disruptive by trying to deny and malign its integration into America's future!"
    Point for: Obama

    "Given the LDS Church's practice of diving excess money between savings and investments in the community, I can't imagine where Romney got his fiscal ideas from."
    Point for: Obama

    "The only reason Obama hasn't been able to make any new tax regulations permanent is because the Republicans keep acting like children and blocking anything they don't like from happening."
    Point for: Obama

    "Sometimes you have to be the one to support others if you want thinks to get better. Obama's efforts to support every American equally are the right action."
    Point for: Obama

    Linda Park-West
    "Romney's idea that tax rates were fine under Bush shows just how little he understands how taxes affect the American people."
    Point for: Obama

    The Savage Dragon 
    "These days a few thousand dollars can make or break a family, and the families that break often resort to less desirable sources to make ends meet. Obama's been saving these people money, but Romney wants to cost them even more."
    Point for: Obama

    "I think when Obama says 'balanced approach', he means balance the budget, which would require cutting costs but raising taxes, and since he wants to raise it primarily on the rich, I'm just fine with that."
    Point for: Obama

    "You can't spend millions of dollars if you don't have something of substance to back it up, otherwise you're just going to bomb. Romney's continued lack of details on his plan to reduce the deficit show he hasn't though this through."
    Point for: Obama

    "I'm not voting for someone who thinks the poor are just looking for hand outs and not a leg up."
    Point for: Obama

    "As someone who's used loopholes to evade taxes, I'm not comfortable with the practices continuing like Romney wants."
    Point for: Obama






    Conclusion

    Issue Obama/Biden Undecided Romney/Ryan
    Economy
    19
    1
    0
    Energy & Environment
    19
    1
    0
    Healthcare
    20
    0
    0
    Education
    20
    0
    0
    Equal Rights and Women's Health
    20
    0
    0
    Taxes and Budgets
    19
    1
    0

    Given superheroes' preference for protecting the average American, it's not much of a surprise that so many sided with Obama on this one. Do any of you agree with the superheroes' comments? If you think any of the heroes have been misrepresented, let me know in the comments!

    ~James

    Wednesday, September 26, 2012

    Presidents, Taxes and Budgets


    For this week's issue, we'll look at candidates' platforms on Taxes and the Budget. Once again, all information and videos are taken directly from the candidates' websites, either in part or in whole, unless otherwise noted, with minimal alteration to clarify and streamline information.

    Barack Obama
    Summarized from Obama's Website
    • President Obama has cut taxes for every working American, saving the typical middle-class family $3,600 in taxes over his first term. 
    • President Obama believes no household making more than $1 million each year should pay a smaller share of their income in taxes than a middle-class family pays.
    • President Obama knows we can’t simply cut our way to prosperity. His budget includes investments in education, manufacturing, and infrastructure, while brining discretionary spending to its lowest level as a share of the economy in more than 50 years .
    • President Obama has put forward a specific, balanced plan of spending cuts and revenue increases that reduce the deficit by more than $4 trillion over the next decade, including $1 trillion in spending cuts he signed into law last summer as part of a deal with congressional Republicans. 

    Romney's Rebuttal
    Summarized from Romney's Website
    • President Obama has repeatedly called for a “balanced approach,” by which we believe he means cutting spending but also raising taxes, which may sound appealing, but before President Obama exploded the size of the federal government, our existing tax rates were more or less adequate to pay for the government we needed under President Bush.
    • President Obama claims he is offering a compromise by permanently increasing the size of the government, increasing the things government does, and increasing the tax burden on the American people.
    • President Obama’s proclivity for fostering uncertainty about the long-term shape of the tax code is particularly troublesome. He has embraced one temporary solution after the next while rejecting permanent adjustments that would bring some predictability and stability to investment decision-making. The result is a business climate marked by hesitation.
    • No discussion of President Obama’s tax policies would be complete without a reference to Obamacare and its $500 billion in tax increases. Whenever President Obama discusses the need for more tax revenues, Americans should remember that he already got them and spent them on a health care scheme that is itself proving to be hugely disruptive to the economy.

    Mitt Romney
    Summarized from Romney's Website
    • Reducing and stabilizing federal spending is essential, but breathing life into the present anemic recovery will also require fixing the nation’s tax code to focus on jobs and growth. To repair the nation’s tax code, marginal rates must be brought down to stimulate entrepreneurship, job creation, and investment, while still raising the revenue needed to fund a smaller, smarter, simpler government. The principle of fairness must be preserved in federal tax and spending policy.
    • America’s individual tax code applies relatively high marginal tax rates on a narrow tax base. Those high rates discourage work and entrepreneurship, as well as savings and investment. With 54 percent of private sector workers employed outside of corporations, individual rates also define the incentives for job-creating businesses. Lower marginal tax rates secure for all Americans the economic gains from tax reform.
      • Make permanent, across-the-board 20 percent cut in marginal rates
      • Maintain current tax rates on interest, dividends, and capital gains
      • Eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains
      • Eliminate the Death Tax
      • Repeal the Alternative Minimum Tax (AMT)
    •  The U.S. economy’s 35 percent corporate tax rate is among the highest in the industrial world, reducing the ability of our nation’s businesses to compete in the global economy and to invest and create jobs at home. By limiting investment and growth, the high rate of corporate tax also hurts U.S. wages.
      • Cut the corporate rate to 25 percent
      • Strengthen and make permanent the R&D tax credit
      • Switch to a territorial tax system
      • Repeal the corporate Alternative Minimum Tax (AMT)
    Obama's Rebuttal
    (Summarized from Obama's Website)
    • Mitt Romney would have to raise taxes on middle-class families in order to pay for tax cuts for millionaires, costing the typical American family with kids $2,000 more each year.
    • Mitt Romney wants to preserve loopholes that allow millionaires like himself to pay a lower tax rate than working families.
    • Mitt Romney would slash investments in the middle class while providing one of the largest tax cuts in history to the wealthy.
    • Mitt Romney has refused to detail any plan for how he would reduce the deficit. Instead, he has called for $5 trillion in new tax cuts weighted towards the wealthy and a massive defense build-up with no strategic rationale, along with deep cuts to investments in the middle class.

    Conclusion
    So in summary, Obama is cutting taxes on the poor and middle-class, increase taxes on the upper class and invest in more of America, while Romney wants to reduce government spending and reduce taxes for businesses and upper-class.
    Turn in Friday for the Superhero opinions.
    ~James