Obama Will Announce 10,000 Troops Out of Afghanistan This Year, Another 23,000 Out by Next Summer

By: David Dayen Wednesday June 22, 2011 4:04 pm

Since Scott Wilson and Karen DeYoung broke the suspense, I guess I’m free to say now that the President will announce tonight the removal of all 33,000 second surge troops from Afghanistan within 14 months, by September 2012. This would include a reduction of 10,000 troops by the end of the year, with the other 23,000 to be removed next year.

Blognote in Honor of Thomas Friedman: Spending on the Commerce Department Is Going to Bankrupt the Country

By: Dean Baker Wednesday June 22, 2011 3:17 pm

The United States has to cut back spending on the Commerce Department or it will bankrupt the country. Okay, I have no evidence for this and it really doesn’t make any sense. The Commerce Department’s budget is about $10 billion a year, less than 0.3 percent of total spending, but this note is written in the spirit of Thomas Friedman.

Just as Thomas Friedman can tell readers that Social Security and Medicare are bankrupting the country with no evidence, in my blognote I get to blame the Commerce Department. The reality of course is that Social Security is fully funded by its own dedicated tax revenue through the year 2036, meaning the program on net imposes no burden on the government.

Fed Expects Unemployment to be Higher in 2012 than When Obama Took Office

By: Jon Walker Wednesday June 22, 2011 2:30 pm

The Obama campaign is already struggle with the fact that 44 percent of voters feel they are worse of then when Obama took office. If unemployment is officially higher in the months leading up to the general election than it was the day Obama first took office, that fact could be turned into devastatingly powerful political talking point for the Republican candidate hammer non stop.

Inside the Koch Brothers’ Expensive Echo Chamber

By: Robert Greenwald Wednesday June 22, 2011 1:30 pm

Documents and interviews unearthed in recent months by Brave New Foundation researchers illustrate a $28.4 million Koch business that has manufactured 297 commentaries, 200 reports, 56 studies and six books distorting Social Security’s effectiveness and purpose.

Together, the publications reveal a vast cottage industry comprised of Koch brothers’ spokespeople, front groups, think tanks, academics and elected officials, which have built a self-sustaining echo chamber to transform fringe ideas into popular mainstream public policy arguments.

Health Insurance Policies are Inherently Complex

By: Jon Walker Wednesday June 22, 2011 12:30 pm

The Affordable Care Act will eventually start requiring health insurance policies to be explained in a simpler to understand manner. While this a good thing there is still the huge problem that simpler is not the same thing as “simple.” Insurance policies in this country are just inherently complex, making it almost impossible for regular people who will be using the new exchanges to actually know what is the best policy for them.

Sen. Kent Conrad Joins the Republican Hostage Takers

By: Bill Egnor Wednesday June 22, 2011 11:30 am

What the Hell is Sen. Kent Conrad smoking? And why it is that he won’t share (c’mon, Senator, don’t bogart that doobie!)? In today’s Washington Post Sen. Conrad enables the hostage taking of the Republican Party by saying that he does not think that the two trillion in budget cuts that the Administration is talking about is enough.

Gore Says Obama Partly to Blame for Public’s Ignorance about Climate Change

By: Blue Texan Wednesday June 22, 2011 10:00 am

Al Gore, in a must-read piece in Rolling Stone, thinks Obama has fallen down on the job on the issue of global warming. President Obama has thus far failed to use the bully pulpit to make the case for bold action on climate change. After successfully passing his green stimulus package, he did nothing to [...]

Small Business Lending Fund: No Money Spent in Nine Months

By: David Dayen Wednesday June 22, 2011 8:33 am

Nearly nine months after its formation, a $30 billion government fund to foster small-business lending has yet to pay out a single dime, even as the nation struggles with traumatic levels of unemployment.

AARP Has Been Talking for Months about Being Open to Social Security Cuts

By: Jon Walker Wednesday June 22, 2011 7:39 am

AARP admits they have been quietly hinting at being willing to support cuts to Social Security benefits for months.

Senate Democrats Pivot Back to Jobs, Demand Stimulus in Debt Limit Deal

By: David Dayen Wednesday June 22, 2011 6:49 am

The Senate Democratic leadership – all of them, Harry Reid, Chuck Schumer, Dick Durbin, Patty Murray, Debbie Stabenow and Mark Begich – planned a morning press conference today where they will call for job creation measures, or stimulus, to be included in any debt limit deal.

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