FacebookTwitterGoogle+RedditEmail

The Bush Budget and Constitutional Protected Tax Havens

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

 

 

 

 

 

 

 

 

 

More articles by:
Weekend Edition
May 25, 2018
Friday - Sunday
Melvin Goodman
A Major Win for Trump’s War Cabinet
Andrew Levine
Could Anything Cause the GOP to Dump Trump?
Pete Tucker
Is the Washington Post Soft on Amazon?
Conn Hallinan
Iran: Sanctions & War
Jeffrey St. Clair
Out of Space: John McCain, Telescopes and the Desecration of Mount Graham
John Laforge
Senate Puts CIA Back on Torture Track
David Rosen
Santa Fe High School Shooting: an Incel Killing?
Gary Leupp
Pompeo’s Iran Speech and the 21 Demands
Jonathan Power
Bang, Bang to Trump
Robert Fisk
You Can’t Commit Genocide Without the Help of Local People
Brian Cloughley
Washington’s Provocations in the South China Sea
Louis Proyect
Requiem for a Mountain Lion
Robert Fantina
The U.S. and Israel: a Match Made in Hell
Kevin Martin
The Libya Model: It’s Not Always All About Trump
Susie Day
Trump, the NYPD and the People We Call “Animals”
Pepe Escobar
How Iran Will Respond to Trump
Sarah Anderson
When CEO’s Earn 5,000 Times as Much as a Company’s Workers
Ralph Nader
Audit the Outlaw Military Budget Draining America’s Necessities
Chris Wright
The Significance of Karl Marx
David Schultz
Indict or Not: the Choice Mueller May Have to Make and Which is Worse for Trump
George Payne
The NFL Moves to Silence Voices of Dissent
Razan Azzarkani
America’s Treatment of Palestinians Has Grown Horrendously Cruel
Katalina Khoury
The Need to Evaluate the Human Constructs Enabling Palestinian Genocide
George Ochenski
Tillerson, the Truth and Ryan Zinke’s Interior Department
Jill Richardson
Our Immigration Debate Needs a Lot More Humanity
Martha Rosenberg
Once Again a Slaughterhouse Raid Turns Up Abuses
Judith Deutsch
Pension Systems and the Deadly Hand of the Market
Shamus Cooke
Oregon’s Poor People’s Campaign and DSA Partner Against State Democrats
Thomas Barker
Only a Mass Struggle From Below Can End the Bloodshed in Palestine
Binoy Kampmark
Australia’s China Syndrome
Missy Comley Beattie
Say “I Love You”
Ron Jacobs
A Photographic Revenge
Saurav Sarkar
War and Moral Injury
Clark T. Scott
The Shell Game and “The Bank Dick”
Seth Sandronsky
The State of Worker Safety in America
Thomas Knapp
Making Gridlock Great Again
Manuel E. Yepe
The US Will Have to Ask for Forgiveness
Laura Finley
Stop Blaming Women and Girls for Men’s Violence Against Them
Rob Okun
Raising Boys to Love and Care, Not to Kill
Christopher Brauchli
What Conflicts of Interest?
Winslow Myers
Real Security
George Wuerthner
Happy Talk About Weeds
Abel Cohen
Give the People What They Want: Shame
David Yearsley
King Arthur in Berlin
Douglas Valentine
Memorial Day
FacebookTwitterGoogle+RedditEmail