James K. Galbraith Says Social Security Payments Must Be Increased, Not Decreased

On The Real News Network, I just found a recent interview with economist James K. Galbraith. This whole economics puzzle is something I would like to understand better. Galbraith blames our dismal situation on the deregulation of banks and other financial institutions. I wonder if former true believers in the notion that “government is the problem” ever connect the dots and see that what is happening in our economy is a direct consequence of a rush to fulfill their free market, no regulation, ideas?

In these videos, Galbraith makes a strong case that social security payments should be increased, not decreased. I’m going to take some notes and improve this post with some excerpts.

This is Galbraith’s bio shown on Real News:
James K. Galbraith teaches economics at the University of Texas where he is a Senior Scholar of the Levy Economics Institute and the Chair of the Board of Economists for Peace and Security. The son of renowned economist, the late, John Kenneth Galbraith, he writes a column called “Econoclast” for Mother Jones, and occasional commentary in many other publications, including The Texas Observer, The American Prospect, and The Nation. He is an occasional commentator for Public Radio International’s Marketplace.He directs the University of Texas Inequality Project, an informal research group based at the LBJ School.


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The Gazan Tragedy: “Tell Me Sir, What Do You Do When A Rocket Is Fired At You?”

The Washington Post reports that Israel pulled out of Gaza early Wednesday: “About 1,300 Palestinians were killed and the operation caused an estimated $2 billion in property damage to the already impoverished territory. Thirteen Israelis died during the offensive.”

Tom Dispatch writes:  More than 1,400 dead Gazans (and rising as bodies are dug out of the rubble); 5,500 wounded; hundreds of children killed; 4,000 to 5,000 homes destroyed and 20,000 damaged — 14% of all buildings in Gaza; 50,000 or more homeless; 400,000 without water; 50 U.N. facilities, 21 medical facilities, 1,500 factories and workshops, and 20 mosques reportedly damaged or destroyed; the smashed schools and university structures; the obliterated government buildings; the estimated almost two billion dollars in damage; all taking place on a blockaded strip of land 25 miles long and 4 to 7.5 miles wide that is home to a staggering 1.4 million people.”

What a mess.  No wonder Israel is so hated throughout the world.

In Bill Moyers’ judgment, Israel’s actions amount to “state terrorism.”  In this post, I include powerful commentary by Moyers captured on You Tube.  A person identified as “J Quinn” responded, “Tell me sir, what do you do when a rocket is fired at you?”

J Quinn’s premise, in his or her question, is that the Gazan War was all about Hamas firing rockets into Israel.  But that premise, I believe, is wrong. Quinn’s question inspired me to review what I’ve already posted over the last several weeks about the Gazan War.  My general conclusion is that the Gazan War was an unnecessary war and was initiated by Israel because of domestic politics.  I feel that Israel deliberately used harsh, unreasonable and illegal tactics and that the US should have condemned Israel’s Gazan actions.

What follows is a review of some of my recent posts that brought me to these conclusions.

Pat Buchanan is not known for liberal, mush headed ideas.  In this post, I reported, “Buchanan says that Gaza is like a concentration camp and that Hamas’ little rockets for six months didn’t kill anyone while Israel is now causing massive destruction and suffering.  Buchanan also accuses Israel of using US tax dollars to build illegal settlements on the West Bank.

What has amazed me is how people who should know better contribute to general misinformation about Gaza.  In this article, Report On Gazan War — ABC News With George Stephanopoulos — Was A Shameful Disgrace,  I report on an interview on that program with Shimon Peres and how two US senators, Dick Durbin and Mitch McConnell, disgraced themselves by going overboard in their total agreement with Peres.  McConnell made this outrageous propaganda statement, in line with J Quinn’s question:  “Imagine in this country if somebody from a neighboring country were lobbing shells at our population. We’d do exactly the same thing. I think the Israelis are doing the only thing they can possibly do to defend their population.”

It seems incredible that a US senator would suggest that the US would do the same as Israel has done.  It seems incredible that a US senator would excuse Israel’s use of phosphorous, its bombing of homes, schools and mosques, its targeting leaders for assassination, its massive “collateral damage” killing more than 400 children.  And it seems incredible that a US senator would suggest that Gaza is simply another country boardering Israel, ignoring Israel’s responsibility in creating the situation there.

In this post I report on an article by Marjorie Cohn, “Israel’s Collective Punishment of Gaza.”  Cohn says the Gazan War is all about Israel’s coming elections.  She writes: “Israel’s airstrikes and ground assault on the people of Gaza have little to do with the Gazan rockets, which hadn’t killed any Israelis for a year before Israel’s current military operation. Israel’s leaders are bombing and attacking Gaza in order to gain an advantage in the upcoming Israeli elections in February.

I have a lot of respect for Jimmy Carter.  In this article I report, Jimmy Carter Says Gazan War Was Not Necessary: Jimmy Carter, writing in the Washington Post, says, that, based on his personal I involvement, ‘the devastating invasion of Gaza by Israel could easily have been avoided.’  Carter blames Israel for breaking a “fragile truce”

I have a lot of respect for Dennis Kucinich.  I posted two articles showing Kucinich’s views on the Gazan War:

In Kucinich Says Israel’s Attack On Gazan Civilians, Using US Made Weapons, Violates US Law, I write,  “Congressman Dennis Kucinich is requesting that Secretary of State, Condoleezza Rice, investigate whether Israel is in violation of a 1976 law that defines the proper use of US made weapons. Kucinich points out that US made F-16 fighter jets and Apache helicopters were used in an attack of a U.N. School where over 40 Palestinians, women and children, were killed while seeking shelter.”

And this post, Congressman Kucinich Condemns Israeli Attack On Gaza As Violating Geneva Conventions, shows the letter that Kucinich wrote to the U.N. Secretary General.  Kucinich wrote:  “The attacks on civilians represent collective punishment, which is a violation of Article 33 of the Fourth Geneva Convention. The perpetrators of attacks against Israel must also be brought to justice, but Israel cannot create a war against an entire people in order to attempt to bring to justice the few who are responsible. The Israeli leaders know better  … Civilian populations were attacked, countless innocents killed or injured, infrastructure targeted and destroyed, and civil law enforcement negated. All this was, and is, disproportionate, indiscriminate mass violence in violation of international law. Israel is not exempt from international law and must be held accountable. It is time for the UN to not just call for a cease-fire, but for an inquiry as to Israel’s actions.”

Of course, a lot of politicians disagree with Kucinich.  Evidently, it is considered the smart thing, politically, to do.  But it is difficult to believe that a smart man like Newt Gingich really believes his own words.  I post here that “Newt Gingrich Compares Hamas To Nazis, Suggests There Should Be No Limit To Israel’s Violence In Gaza.” I write,  “Newt Gingich, on George Stephanopoulos’ Sunday program, compared Hamas to the Third Reich, and said that like the Third Reich, Hamas has completely forfeited its right to exist. … To compare Hamas to the Nazi regime is amazing.  But if you are willing to think of Hamas in Nazi terms — a urgent, demonic and horrible threat — certainly it is a small step to conclude that Israel is well justified to rain down unspeakable violence on Gaza.  It is easy to conclude that Israel is justified to kill over 900 fellow humans, including 300 children, entire families; justified to destroy mosques, schools, homes.

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Obama Seeks To Be Transformative: Highlights Of His Inaugural Speech

Barack Obama covered a lot of ground in his inaugural speech.  My ears particulary perked up when he said, “We will transform our schools and colleges and universities to meet the demands of a new age.”

The need for transformation of our public school system is a topic that I keep coming back to.  Just last week I wrote, “Throwing Money At Public Education Is Not The Answer, System Change Is Needed.” Obama seems intent on finding solutions to education and seems supportive of such system change as charter schools, but, I’ve got to wonder if Obama understands public school “transformation” in the same way as I’m thinking about it.

Chief Justice Roberts leads Barack Obama in inaugural swearing in ceremony.  Michelle and kids look on.

Chief Justice Roberts leads Barack Obama in inaugural swearing in ceremony. Michelle and kids look on.

I was interested to read about, Jon Favreau, the 27 year old who is Obama’s chief head speech writer.  He helped prepare Obama’s inaugural speech and he will be in charge of speech writing for the White House — a huge job that involves as many as twelve writers.

Here are the parts of Obama’s speech that I highlighted:

  • Every so often, the oath is taken amidst gathering clouds and raging storms. At these moments, America has carried on not simply because of the skill or vision of those in high office, but because We the People have remained faithful to the ideals of our forebearers, and true to our founding documents.  So it has been. So it must be with this generation of Americans.
  • Today I say to you that the challenges we face are real. They are serious and they are many. They will not be met easily or in a short span of time. But know this, America: They will be met.  On this day, we gather because we have chosen hope over fear, unity of purpose over conflict and discord.
  • On this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and worn-out dogmas, that for far too long have strangled our politics.
  • We remain a young nation, but in the words of Scripture, the time has come to set aside childish things. The time has come to reaffirm our enduring spirit; to choose our better history; to carry forward that precious gift, that noble idea, passed on from generation to generation: the God-given promise that all are equal, all are free, and all deserve a chance to pursue their full measure of happiness.
  • It has been the risk-takers, the doers, the makers of things — some celebrated, but more often men and women obscure in their labor — who have carried us up the long, rugged path toward prosperity and freedom.  For us, they packed up their few worldly possessions and traveled across oceans in search of a new life.  For us, they toiled in sweatshops and settled the West; endured the lash of the whip and plowed the hard earth.  For us, they fought and died, in places like Concord and Gettysburg; Normandy and Khe Sahn.
  • Our time of standing pat, of protecting narrow interests and putting off unpleasant decisions — that time has surely passed. Starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America.
  • We will restore science to its rightful place, and wield technology’s wonders to raise health care’s quality and lower its cost. We will harness the sun and the winds and the soil to fuel our cars and run our factories. And we will transform our schools and colleges and universities to meet the demands of a new age.
  • The question we ask today is not whether our government is too big or too small, but whether it works — whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified. Where the answer is yes, we intend to move forward. Where the answer is no, programs will end.
  • A nation cannot prosper long when it favors only the prosperous. The success of our economy has always depended not just on the size of our gross domestic product, but on the reach of our prosperity; on our ability to extend opportunity to every willing heart — not out of charity, but because it is the surest route to our common good.
  • And so to all other peoples and governments who are watching today, from the grandest capitals to the small village where my father was born: Know that America is a friend of each nation and every man, woman and child who seeks a future of peace and dignity, and that we are ready to lead once more.
  • Our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
  • We will begin to responsibly leave Iraq to its people, and forge a hard-earned peace in Afghanistan. With old friends and former foes, we will work tirelessly to lessen the nuclear threat, and roll back the specter of a warming planet.
  • We will not apologize for our way of life, nor will we waver in its defense, and for those who seek to advance their aims by inducing terror and slaughtering innocents, we say to you now that our spirit is stronger and cannot be broken; you cannot outlast us, and we will defeat you.
  • To the Muslim world, we seek a new way forward, based on mutual interest and mutual respect. To those leaders around the globe who seek to sow conflict, or blame their society’s ills on the West: Know that your people will judge you on what you can build, not what you destroy. To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history; but that we will extend a hand if you are willing to unclench your fist.
  • To the people of poor nations, we pledge to work alongside you to make your farms flourish and let clean waters flow; to nourish starved bodies and feed hungry minds. And to those nations like ours that enjoy relative plenty, we say we can no longer afford indifference to suffering outside our borders; nor can we consume the world’s resources without regard to effect. For the world has changed, and we must change with it.
  • For as much as government can do and must do, it is ultimately the faith and determination of the American people upon which this nation relies. It is the kindness to take in a stranger when the levees break, the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours. It is the firefighter’s courage to storm a stairway filled with smoke, but also a parent’s willingness to nurture a child, that finally decides our fate.
  • Those values upon which our success depends — hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and patriotism — these things are old. These things are true. They have been the quiet force of progress throughout our history. What is demanded then is a return to these truths. What is required of us now is a new era of responsibility
  • At a moment when the outcome of our revolution was most in doubt, the father of our nation ordered these words be read to the people:  “Let it be told to the future world … that in the depth of winter, when nothing but hope and virtue could survive… that the city and the country, alarmed at one common danger, came forth to meet [it].”
  • Let it be said by our children’s children that when we were tested, we refused to let this journey end, that we did not turn back, nor did we falter; and with eyes fixed on the horizon and God’s grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations
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