FacebookTwitterGoogle+RedditEmail

The Bush Budget and Constitutional Protected Tax Havens

by JACKIE CORR

Butte, Montana

“There’s a man in the funny papers we all know.”

I see the Congress has finally approved a $2.6 trillion budget for fiscal year 2006.

Now somebody might think that $2.6 trillion is a lot of money. But just how much can be confusing.

And with all the millions, billions and trillions in the news, we can get further confused.

But there are differences between millions, billions and trillions. Real big differences.

For instance: if you measured by seconds, a million seconds is about twelve days. A billion seconds would mean 31 years.And a trillion seconds will add up to roughly 33,000 years.

Looking backwards:

So if we went back a million seconds it would be twelve days ago, a measure we can easily understand. If you traveled backward a billion seconds it would be 1974, again a span of time that we can still comprehend. So far, no big deal.

But if you went back a trillion seconds it would be 30,000 or so B.C. And Alley Oop, his girlfriend Ooola and the dinosaurs would still be around.

Which means Alley Oop time and a trillion can never be understood in a human sense but looking at the numbers this way gives us a sense of the immensity of a $2.6 trillion budget. As the Hollywood Argyles explained it in a 1960’s hit song – “He lived way back a long time ago, He don’t eat nothin but a bear cat stew, Well this cats name is-a Alley Oop,”

So its no surprise that Alley Oop can also shed some light on the lunatic idea behind what George Bush is selling as Social Security “reform.”

For part of that plan is to “borrow” $5 trillion over 20 years to make up for the money diverted from the Social Security trust fund to establish the private accounts he is pushing. Of course, this part of the Bush brainstorm is as murky as the salesman. And it should be.

Using Alley Oop time again, five trillion seconds might even take us as far back as what the scientists call the “Big Bang.” So even if you are a country, you just don’t go out and borrow five trillion dollars. And even murkier is what would be the interest on such a transaction.

So what would Alley Oop say about Bush and Social Security? Something like this: When you start throwing numbers around like five trillion the result is certain. Bush’s idea of Social Security “reform” is a cinch bet to become the world’s greatest financial calamity if enacted.

Once more:

Alley Oop time again.

As far as trillions go, maybe the most staggering dollar number comes from London and a report by the Tax Justice Network.

Now we all  know all those offshore tax havens that the Republican’s are so sensitive about, the ones Congress and Bush will do nothing about, the scams Senator Trent Lott even claims are protected by the Constitution?

Well the Tax Justice people say the corporations and high-rollers of the planet hold a quarter of United States stocks and nearly a third of all the globe’s assets offshore. They further say this adds up to about $11.5 trillion American dollars.

Now 11.5 trillion greenbacks hidden, buried and laundered in these tax dodging rackets is probably the biggest pile of money in the world. And undoubtedly, many of the Americans involved are still crying the loudest for tax cuts as well as waving the flag in support of our military adventures in Iraq and Afghanistan.

But just how far back 11.5 trillion seconds would take us in Alley Oop time baffles me. Nor do I want to guess, nor am I capable of doing so. And the same goes for Alley Oop.

But what I do know is we have a problem. Again, the same goes for Alley Oop.

JACKIE CORR lives in Butte, Montana. He can be reached at: jcorr@bigskyhsd.com

 

 

 

 

 

 

 

 

 

Weekend Edition
April 29, 2016
Friday - Sunday
Andrew Levine
What is the Democratic Party Good For? Absolutely Nothing
Roberto J. González – David Price
Anthropologists Marshalling History: the American Anthropological Association’s Vote on the Academic Boycott of Israeli Institutions
Robert Jacobs
Hanford, Not Fukushima, is the Big Radiological Threat to the West Coast
Ismael Hossein-Zadeh
US Presidential Election: Beyond Lesser Evilism
Dave Lindorff
The Push to Make Sanders the Green Party’s Candidate
Ian Fairlie
Chernobyl’s Ongoing Toll: 40,000 More Cancer Deaths?
Pete Dolack
Verizon Sticks it to its Workers Because $45 Billion isn’t Enough
Richard Falk
If Obama Visits Hiroshima
Margaret Kimberley
Dishonoring Harriet Tubman
Deepak Tripathi
The United States, Britain and the European Union
Eva Golinger
My Country, My Love: a Conversation with Gerardo and Adriana of the Cuban Five
Peter Linebaugh
Marymount, Haymarket, Marikana: a Brief Note Towards ‘Completing’ May Day
Moshe Adler
May Day: a Trade Agreement to Unite Third World and American Workers
Vijay Prashad
Political Violence in Honduras
Paul Krane
Where Gun Control Ought to Start: Disarming the Police
David Anderson
Al Jazeera America: Goodbye to All That Jazz
Rob Hager
Platform Perversity: More From the Campaign That Can’t Strategize
Pat Williams
FDR in Montana
Dave Marsh
Every Day I Read the Book (the Best Music Books of the Last Year)
David Rosen
Job Satisfaction Under Perpetual Stagnation
John Feffer
Big Oil isn’t Going Down Without a Fight
Murray Dobbin
The Canadian / Saudi Arms Deal: More Than Meets the Eye?
Gary Engler
The Devil Capitalism
Brian Cloughley
Is Washington Preparing for War Against Russia?
Manuel E. Yepe
The Big Lies and the Small Lies
Robert Fantina
Vice Presidents, Candidates and History
Mel Gurtov
Sanctions and Defiance in North Korea
Howard Lisnoff
Still the Litmus Test of Worth
Dean Baker
Big Business and the Overtime Rule: Irrational Complaints
Ulrich Heyden
Crimea as a Paradise for High-Class Tourism?
Ramzy Baroud
Did the Arabs Betray Palestine? – A Schism between the Ruling Classes and the Wider Society
Halyna Mokrushyna
The War on Ukrainian Scientists
Joseph Natoli
Who’s the Better Neoliberal?
Ron Jacobs
The Battle at Big Brown: Joe Allen’s The Package King
Wahid Azal
Class Struggle and Westoxication in Pahlavi Iran: a Review of the Iranian Series ‘Shahrzad’
David Crisp
After All These Years, Newspapers Still Needed
Graham Peebles
Hungry and Frightened: Famine in Ethiopia 2016
Robert Koehler
Opening the Closed Political Culture
Missy Comley Beattie
Waves of Nostalgia
Thomas Knapp
The Problem with Donald Trump’s Version of “America First”
Georgina Downs
Hillsborough and Beyond: Establishment Cover Ups, Lies & Corruption
Jeffrey St. Clair
Groove on the Tracks: the Magic Left Hand of Red Garland
Ben Debney
Kush Zombies: QELD’s Hat Tip to Old School Hip Hop
Charles R. Larson
Moby Dick on Steroids?
David Yearsley
Miles Davis: Ace of Baseness
FacebookTwitterGoogle+RedditEmail