Passed in 1944, the G.I. Bill of Rights made available to sixteen million veterans of World War II, like Dole, generous educational opportunities and home ownership. It helped build the American middle class that drove the post-war economic boom of the 1950s.
In a recent NY Times op ed ("Doing the Troops Wrong"), Bob Herbert wrote:
The original G.I. Bill of Rights, signed into law by President Franklin Roosevelt in 1944, paid the full load of a returning veteran's education at a college or technical school and provided a monthly stipend. It was an investment that paid astounding dividends. Millions of veterans benefited, and they helped transform the nation. College would no longer be the exclusive preserve of the wealthy and those who crowned themselves the intellectual elite.
Herbert goes on to say that "reinvigorating the G.I. bill is one of the best things this nation could do."
That's why a new GI Bill -- Post-9/11 Veterans Educational Assistance Act -- has been introduced by a bipartisan group of lawmakers. In the Senate, Vietnam veteran Jim Webb (D-VA) has been leading the charge along co-sponsors Chuck Hagel (R-NE), another Vietnam vet, and John Warner (R-VA), a former Navy Secretary.
A version of the bill has also been introduced in the House and New Mexico Congressman Tom Udall is an enthusiastic sponsor.
But the Bush Administration opposes the new G.I. bill. So does John McCain. Read More »
In face of a deepening recession and the growing Bush budget deficits, McCain is promising to exercise "spending restraint" - while, however, also vowing to pour still more money into the Iraq War, which already piled up an estimated price tag approaching $3 trillion.
A new analysis by the National Education Association reveals that McCain's plan would translate into over $35 billion in education cuts for the 2010 fiscal year. For New Mexico this clocks in at $275 million lost dollars.
For example, McCain's plan would have the following impacts on education funding authorized for New Mexico:
Pell Grants - MINUS $34,300,000 (college students affected - 8,833)
Head Start - MINUS $7,627,232 (low income children affected - 1,010)
Special Ed Grants - MINUS $100,007,813 (children with disabilities affected - 25,350)
Grants to Local Educational Agencies - MINUS $87,697,095
For more information, see NEA.ORG.
On Talking Points Memo.
On The Politico.
Earlier on Clearly New Mexico.
Once one gets past the obligatory populist rhetoric extolling the virtues of "working men and women" and denouncing the "excesses of traders and speculators", the speech signals no departure from Bush-nomics. And where McCain does go beyond the policies that led to the current economic meltdown, serious questions are being raised that he would only make matters worse.
The heart of McCain's economic plan is his $1.7 TRILLION corporate tax cut on top of making Bush's $2 trillion tax cut permanent. In so doing, McCain is proposing a tax cut that is twice as large as, and far more regressive, than the Bush tax cut he originally opposed in 2001.
Then there's McCain's "gas tax holiday" that would run from May to Labor Day. Even the Wall Street Journal calls that one a "clunker." As Jared Bernstein at TPM observes:
The problem is there's absolutely nothing to stop the oil companies from claiming a big chunk of this subsidy by raising the pretax price of gas at the pump. Prices go up in the summer anyway, and I'll bet you a gallon of premium that they go up even more than usual, such that some of that 18.4 cents/gallon ends up back in Exxon's wallet, not yours.
Which leaves us with a nice little transfer from taxpayers to oil companies.
Of course, such a windfall would only add to the the $4 billion a year tax break McCain is proposing for these same oil companies. And did I mention the nearly $2 billion a year for the insurance companies?
The regressivity of McCain's tax plan is breathtaking - even the proposed dependent deduction is worth far more to taxpayers in higher tax brackets. For a CEO, it's worth $1,225 per child; for a middle income earner like a secretary, it's $525 per child; and for a low income earner like a waitress, zero.
And so it goes. Here are questions about McCain's plan that deserve answers: Read More »
Tomorrow is income tax filing day, so it's appropriate to review what the Iraq War is costing New Mexico and our country. The human and economic costs of the Iraq war have been enormous. Over 4,000 soldiers have been lost and tens of thousands wounded.
Cost to New Mexico
Cost of war for New Mexico = $1.6 Billion
Cost of Iraq war per family of 4 = $35,000
Total number of NM troops killed = 38
Total number NM troops wounded = 266
NM troops ever deployed (as of Jan. 31, 2008) = 10,983
(NationalPriorities.org)
For the same $1.6 billion that taxpayers in New Mexico have paid for the Iraq War thus far, the following could have been provided:
- 424,892 People with Health Care OR
- 2,487,723 Homes with Renewable Electricity OR
- 41,324 Public Safety Officers OR
- 30,689 Music and Arts Teachers OR
- 375,995 Scholarships for University Students OR
- 187 New Elementary Schools OR
- 16,225 Affordable Housing Units OR
- 564,325 Children with Health Care OR
- 229,074 Head Start Places for Children OR
- 30,890 Elementary School Teachers
Economic Train Wreck: By the numbers
GOP presidential candidate John McCain famously announced that he envisions U.S. troops staying in Iraq for 100 years. This prospect is sobering given the costs to our economy thus far. Read More »
It was produced by 1 Sky New Mexico.
Here are some previous Clearly posts on Green Jobs:
Green Jobs, Green Future
Tackling the Energy Challenge
An anniversary worth remembering with a strong dose of ethics reform. This just in from the Public Campaign Action Fund:
On the anniversary of the first meeting that set off the infamous Keating Five scandal, Public Campaign Action Fund renewed its call today for Senator John McCain (R-AZ) to back comprehensive public financing of all federal elections and to make passage of it a priority if elected.
Here's the complete story.
But the media watchers at News Corpse Blog cut through to the real story about the MSM's non-story:
The truth, however, is likely quite different than these portrayals suggest. The McCain campaign, like most politicians and interest groups these days, knows that they can purchase a small amount of airtime in inexpensive television markets like New Mexico and announce the release of the ad to the press. Then the media will dutifully regurgitate the ad repeatedly, giving the campaign what amounts to hundreds of thousands of dollars worth of free airtime.
What middle class tax relief?
As usual, what the MSM refuses to do is analyze the actual claims made in these ads. Read More »
Neither the global climate change crisis nor our nation's reliance on foreign oil are new problems. But in the last two years, escalating energy prices and continuing conflicts in the Middle East, along with greater public awareness and political focus on climate change, have come together to present new opportunities to transform our energy policy and supply. But even as we demonstrate a new willingness to invest in a new generation of alternative energy technologies that diminish our dependence on fossil fuels, incentives are needed if we are going to be competitive. Read More »
The Attorney General's office is looking into the allegations.
Read Domrzalski's great piece of reporting here.
Democracy for New Mexico weighs in here.
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