A Tale of Two Democrats

A Tale of Two Democrats

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Or at least two types of Democrats. Yesterday, Senator Bernie Sanders and 15 other Democratic Senators sent a letter to President Obama urging him to not cut Social Security, Medicare or Medicaid in his FY15 budget. It won't be much of a surprise to most of the readers here to find that neither Senator Carper or Coons signed on to this letter. Interestingly, Senator Coons voted to restore the cuts to military pensions and Carper voted against them. So take a look at what a group of Democrats genuinely interested in the well-being of middle class and working class people urged the President:
Today, retirement insecurity is as high as it has ever been. Only one in five workers in the private sector has a defined benefit pension plan; half of Americans have less than $10,000 in savings; and two-thirds of seniors rely on Social Security for a majority of their income. Given this reality, we respectfully urge you not to propose cutting Social Security, Medicare or Medicaid benefits in your Fiscal Year 2015 budget. In good times and bad, Social Security has succeeded in keeping millions of senior citizens, widows, orphans, and persons with disabilities out of extreme poverty. Before Social Security was developed, about half of our seniors lived in poverty; today senior poverty is down to 9.1 percent. Without Social Security, one-third of senior citizens would have virtually no earnings at all. Social Security has not contributed one penny to the deficit. Social Security has a surplus of more than $2.7 trillion and can pay every single benefit owed to every eligible American for the next 19 years.

QOTD — When Was the Last Time One of Our Congressional Delegation Had a Town Hall Meeting?

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I saw that our Congressional delegation is having another Job Fair -- which is very cool and certainly people who need jobs could use every bit of help they can get. But when I saw this item in the NJ (an item I passed on to folks I know are looking), I couldn't remember the last Town Hall from these guys. This is particularly odd since the August recess wasn't too far back. I think that John Carney has had a forum on college costs, but that is all I can remember.
Chris Coons is On the Budget Conference Committee

Chris Coons is On the Budget Conference Committee

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This is the committee formed as part of the deal to re-open the government and avoid the debt ceiling. It isn't much of a giveaway, as Conference Committees are the usual order of business in Congress after budgets have passed the House and Senate. This Conference Committee -- as would others -- is meant to negotiate a single budget from the two that have passed. Senator Chris Coons is on this committee as a result of his being on the Senate Budget Committee.
Carper and Coons Give a Big Thumbs Up to TBTF

Carper and Coons Give a Big Thumbs Up to TBTF

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And a big thumbs up to letting banks put the money in deposit accounts in the same kind of risky bets that their investment accounts are in. I can't say that I'm too surprised at this -- banks do own the road here -- but I'm still appalled at this position. It is a position that is ONLY good for banks -- the rest of us with deposit accounts (and who pay taxes) are definitely the losers here. Because the point of a Glass-Steagall 2 is to separate the deposit accounts (the only part of the banking business explicitly guaranteed by the feds), from the investment business (which is not insured). The point of Glass-Steagall 2 is to dismantle one more part of the TBTF scheme -- specifically the part where banks get to privatize their profits and get to socialize their losses. Until taxpayers get a say in the risks (and get a cut of the benefits) of the TBTF business, taxpayers should not backstop what the banks do here.

When Delaware Democrats Vote to Cut Food Stamps

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The Farm Bill (S. 954) was being worked by the Senate the last few weeks, in an effort to get a bill done and voted on before the recess. This bill looks much like last year's bill (but adding some additional support for Southern crops such as rice, cotton and peanuts). As this bill came out of the Agricultural Committee, it had cut $4.5 BILLION from the food stamp program over the next 10 years. Senator Kirsten Gillibrand offered an amendment (#931) to restore those cuts:

Senator Chris Coons Calls Out Republicans for Not Getting to a Budget Deal

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Recall that the Senate passed its budget in March, and the House passed its budget before that -- meaning that if we're finally following the "regular order" of budgeting, there should be a Senate and House Reconciliation Committee so that these two bodies can come to some agreement on a budget. That budget -- a policy document only, it appropriates no money -- is supposed to guide the appropriation process. Except that the GOP doesn't want to work on a budget until we are much closer to the debt ceiling problem. We were supposed to have faced the debt ceiling in march or April, but the Treasury figured out a way to postpone that until Fall. So the GOP is stuck with a pretty bad timeline -- blowing up the economy over the debt ceiling just before they start campaigning is very bad juju. And they have NO negotiating position unless the debt ceiling is imminent they think. So Senator Coons took to the Senate floor today to call to get back to the regular order of the budget process and to stop the effects of the sequester:

QOTD — Have You Seen Your Congressional Delegation Weigh In on the Sequester?

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Seriously -- the past week (especially this weekend) has send lots of legislators to the airwaves to weigh in on the sequester. Most of the Democrats are out making the case for their plan to replace the sequester. The GOP either: 1) aren't talking; 2) blaming Obama or 3) saying the sequester is no big deal. After a quick Google search and look at each of their websites, none of them has addressed the looming sequester at all.

Senator Chris Coons Reintroduces the FAST Voting Act

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Senator Coons and others filed this bill last November, after we saw one more US election marked with long lines to vote, registration questions and issues and other problems that got in the way of very many Americans to exercise their franchise. He has reintroduced this bill, with Senators Mark Warner (D-Va.), Sheldon Whitehouse (D-R.I.) and Richard Blumenthal (D-Conn.) to help states to improve their election capabilities and make it easier for Americans to vote.