Friday, January 25, 2013

Senate approves limits on the filibuster rule to speed debate - latimes.com

Senate approves limits on the filibuster rule to speed debate - latimes.com:

Senators give up their ability to filibuster – or hold endless debate – on the procedural step that is required to proceed to a piece of legislation. In exchange for giving up the right to filibuster on the motion to proceed, both sides are guaranteed the opportunity to offer two amendments to the bill – a particularly important provision for the minority Republicans, who have long complained they are forced to filibuster because Reid blocks them from trying to amend bills with votes on provisions Democrats dislike.
Even though senators can still filibuster the actual bill, eliminating the filibuster on the procedural step will cut days off the debate time.
Over the years, senators have reached a gentlemen’s agreement not to press the requirement that they remain on the floor talking for any filibuster, as was the case in the classic Frank Capra movie.
One aspect of the “talking filibuster” will be put in place: Once the Senate achieves the 60 votes needed to end a filibuster and vote on a bill, senators will need to remain speaking on the floor if they refuse to waive the 30 hours of final debate time that is allowed.
Once the vote threshold is reached to end a filibuster on White House nominees to district court, debate time will be reduced from 30 hours to two; for sub-Cabinet positions, it will be limited to eight hours.
Voters don't get to vote on Congressional rules.  Indeed, few voters know or even care about them.  Yet these rules are at the heart of what can and can not happen in Congress.  They are at the heart of our elected representatives ability to address our country's needs.  To organize and pass laws.  To engage in the democratic process of representative government.

While it is true that the Senate filibuster rules are not the only Congressional rules problem.  They are part of the problem.  What Common Sense finds distressing about this issue, is that this even this extremely modest and largely ineffective change is the product of agreement between the Senate majority and minority leaders!  Certainly the Senators voted to approve this change.  But, and this is an extremely important but, your elected Senators didn't get to openly engage this change because the existing Senate rules would not allow a more substantive change.

Common Sense believes, as do the overwhelming majority of voters, that Congress doesn't work.  That it does not serve the needs of citizens.  Part of the problem is a handful of obstructionist congressmen.  But part of the problem is congressional rules.  Common Sense thinks it is long since past times that these rules change.  That's just common sense.
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VW’s Solar Installation Largest Of Its Kind Among U.S. Auto Factories - HybridCars.com

VW’s Solar Installation Largest Of Its Kind Among U.S. Auto Factories - HybridCars.com:

Mostly my common sense postings are about things that are not as they should be.  Occasionally, though, something comes along that makes outstandingly good common sense and this is one such.  Common Sense wonders what would happen if more firms followed VW's example and generated some fraction of their own power needs?

Wednesday, January 23, 2013

Congressional Follies - No budget, no pay?

Now there's a proposal floating around the House, remember the House is controlled by the Republican right, that suggest raising the nations debt ceiling for 3 months.  Under the terms of this proposal, if Congress hasn't passed a budget in that time then Congress wouldn't get paid.

It seems like a fair idea.  Congress, over the years, has created the fiscal issues facing the country.  The ongoing Congressional follies have so offended voters that something around 80% have a negative opinion of congress.  Not paying employees that are not doing their job seems like a fairly good idea.  Actually firing them seems to Common Sense like a better idea, but sadly that's not on the table.

But is not paying Congress a good idea?

For openers, there is a problem with the proposal's violation of the 27th amendment.  There might be a typically Congressional way around that issue using sequestration of pay and arguing that since the money is held in escrow the 27th amendment doesn't apply.  That sort of begs the question.  Is Congress doing their job playing games like this?

There's the reality that the Senate has a long history of not passing budgets.  Life, and spending, goes on without budgets generally through the mechanism of continuing resolutions that roughly say everyone just keep spending like you've been.  The simple reality is that lack of a budget doesn't in any way effect spending!

There's the reality that Congress can, and generally does, spend money absent a budget.  Really. A budget is just that.  It doesn't actually spend any money.  Individual spending bills are where the money really gets spent.  Here it should be noted, that spending bills need not, and frequently do not, conform to budgets.  So the proposal to a significant degree just sets up a political fight without actually dealing with the reality of spending vs income, read taxes.

There's the reality that the debt ceiling has nothing to do with spending.  The authorization for spending has already happened and the money has already been spent.  The debt ceiling is really about allowing us to pay our bills (after all we are the government).  Here, Common Sense supposes, not paying Congress might make some sense excepting that the bill requires Congressional pay be held in escrow so the Congressional pay actually will get spent!

There's the reality that the proposal holds individual members of Congress hostage to the Congressional leadership's idea of what the budget should be.  Note here that individual members of Congress while they get to vote on the budget don't actually get to create the budget.  Rather the budget is the creation of Congressional leadership and various Congressional committees whose chairpersons and members are appointed by the Congressional leadership.  Holding Congress hostage to it's leadership is certainly not democratic.

All things considered, this latest episode of the Congressional Follies is just, sadly, more of the same.  Lets go have another political fight that means nothing and does nothing to solve the problem.

Here's an alternate common sense proposal, if the House and Senate can't deal with spending and taxes by the 90 days they want to allow themselves,  they are all bared from any future elected or paid role in federal, state, or local government and are bared from being employed by any entity doing business with any government entity.  The notion is that they would have to actually have a job like most Americans.  We'd still have to put up with the Congressional Follies for another couple of years but perhaps with a different set of employees we might actually get a Congress that is interested in actually dealing with the countries problems and not so much interested in political follies.
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Wednesday, January 16, 2013

JP Morgan CEO Gets Pay Cut After Trading Loss - ABC News

JP Morgan CEO Gets Pay Cut After Trading Loss - ABC News:

Briefly the story notes that Mr Dimon's pay has been cut from $23 million to $11.5 million ($1.5 million in salary and $10 million in restricted stock) following a loss of $6 billion by a London JPM trader.  On the positive side at least something was done.  That said, Mr Dimon's cut in pay, $11.5 million, is 0.2% of the loss his failure to effectively manage cost.  Common Sense wonders, how many other JPM employees having lost $6 billion for the bank would still have a job, never mind an $11.5 billion salary?  Just a bit of common sense.

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Sunday, January 6, 2013

Senator Bernie Sanders, VT, and some common sense on corporate taxes

I'll admit it, Common Sense is a fan of Senator Bernie Sanders and his, well, common sense approach to government.  Here's an interesting fact sheet from Bernie that should be required reading in the next act of the Congressional Follies.


Corporations Must Pay Their Fair Share

 Today corporate profits are at an all-time high, while corporate income tax
revenue as a percentage of GDP is near a record low.

 In 1952, 32% of all of the revenue generated in this country came from large
corporations. Today, just 9% of federal revenue comes from corporate
America.

 At 1.6%, corporate revenue as a percentage of GDP is lower than any other
major country in the OECD (Organization for Economic Cooperation and
Development) including Britain, Germany, France, Japan, Canada, Norway,
Australia, South Korea, Switzerland, Norway, Italy, Ireland, Poland, and
Iceland.

 In 2011, corporations paid just 12 percent of their profits in taxes, the lowest
since 1972.

 In 2005, 1 out of 4 large corporations paid no income taxes at all even
though they collected $1.1 trillion in revenue over that one year period.

 Large corporations and the wealthy are avoiding more than $100 billion in
taxes every year by setting up offshore tax shelters in places like the Cayman
Islands, Bermuda and the Bahamas.

 In 2009, Exxon Mobil made $19 billion in profits. Not only did they not pay
any federal income taxes, they actually received a $157 million rebate from
the IRS.

 In 2010, Bank of America received a $1.9 billion tax refund from the IRS,
even though it made $4.4 billion in profits. Bank of America operated 371
subsidiaries in offshore tax havens in 2010. 204 of these subsidiaries are
incorporated in the Cayman Islands, which has a corporate tax rate of 0%.

 At 15.7%, revenue as a percentage of GDP is at or near the lowest level in
sixty years.



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