Tag Archives: Horsford

Amodei and Heck Do It Again!

Pollution air In case you missed it —  amidst all the publicity about the pipeline vote – the House of Representatives has again demonstrated its proclivity to promote the interests of corporate  exploiters and polluters (read — Koch Brothers):

“The House voted 229-191 to pass H.R. 1422, which would change the rules for appointing members to the Science Advisory Board (SAB), a group that gives scientific advice to the EPA Administrator. Also called the Science Advisory Board Reform Act, the bill would make it easier for scientists with financial ties to corporations to serve on the SAB, prohibit independent scientists from talking about their own research on the board, and make it more difficult for scientists who have applied for grants from the EPA to join the board.” [TP]

How nice for the Koch Brothers and the multi-national corporations which are annoyed by having to discuss such matters as global climate change, air pollution, and other topics related to whether or not our grandchildren will inherit a viable planet.

So, what did Representative Mark Amodei (R-NV2) do for the grandchildren?  He voted in favor of the Ignore The Science Bill.  Representatives Heck (R-NV3) and Amodei voted in favor of the bill on Roll Call 525.   Representatives Horsford (D-NV4) and Titus (D-NV1) thought enough of the kidlets to vote against this sop to multinational corporations. But wait! There’s more.

The House also passed H.R. 4795 – yet another pro-pollution bill:

“The Clean Air Act requires major new or expanding sources of air pollution to obtain permits with pollution limits before the facilities start construction.  These preconstruction permits ensure that a new or expanded facility will not increase local air pollution to levels that violate national ambient air quality standards (NAAQS), which the Environmental Protection Agency (EPA) sets for six principal air pollutants.  When EPA updates each air quality standard to reflect the latest science, permit applicants have to meet the new, more protective standard and show their emissions will not harm public health.

H.R. 4795, introduced by Rep. Steve Scalise (R-LA), creates a loophole in this process.  The bill establishes imprecise procedural requirements for EPA to follow after setting a new air quality standard.  If EPA does not meet those requirements, then a new or expanding facility can apply for a preconstruction permit based on the old air quality standard, which is not adequate to protect public health.  In effect, this bill could give new sources of pollution “amnesty” from new science-based air quality standards.”  [DEC]

Got that?  If Spew & Blow Corp. doesn’t like the new air quality standards, it can use the Scalise Loophole to get around them.  How convenient.  And what did our Representatives do?  The two Republicans (Heck and Amodei) voted for the “Promoting New Manufacturing Act” – the title should really have been the “Promoting More Pollution Act of 2014.”   Horsford and Titus both voted against this travesty of a bill.

Could we have any better demonstration of how closely Congressional Republicans, including our Congressional Republicans, are tied to the Koch Brothers?

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Filed under Amodei, ecology, Nevada politics, pollution

Here Comes The Dark Money

Dark Money Here comes the money – into the Nevada District 4 Congressional race:

“Crossroads GPS, a conservative group, said Tuesday it has bought $820,000 worth of TV time for ads to start airing today and run through Election Day on Nov. 4. A source familiar with the ad buy said it is aimed at Horsford, who represents the 4th Congressional District.

Paul Lindsay, communications director for Crossroads GPS, confirmed the group’s eleventh-hour spending plans for the campaign, which could be a game-changer, but offered no details.

“We have placed a buy in the Las Vegas media market and have an important message to communicate,” Lindsay said.” [LVRJ]

And what might the “important message” be? It’s that Representative Horsford is in the same political party as the President of the United States.  Horsford, the ads explain, supports the Affordable Care Act.  Yes, that’s the law which restrains some of the more egregious practices of health insurance corporations, requires that comprehensive insurance cover flu vaccinations, and autism screening, and makes shopping for private health care plans more convenient.   Then there’s the almost an outright lie.

The Affordable Care Act cut Medicare.” This prevarication has been one of the pillars of Republican opposition to the Affordable Care Act.  Those “cuts” actually: (1) Close the do-nut hole in Medicare Part D prescription coverage until the ‘hole’ is eliminated in 2020; (2) Expands existing coverage for senior citizens; (3) Supports initiatives to support care coordination; (4) Does not reduce benefits from Medicare Advantage (the private option to Medicare); (5) Reduces payments to Medicare Advantage rewarding those providers who improve the quality of their coverage, bringing payouts in line with other areas of Medicare; (6) Helps protect the Medicare trust fund.  [OFacts]

The “cuts” were made to over-payments to Medicare Advantage providers which were higher than payments made to Medicare providers – in essence supplying the private Medicare option with a public corporate subsidy. “Your” Medicare (Advantage) benefits weren’t cut!  What was cut were unjustifiable taxpayer subsidies to private health insurance corporations.   And, maybe we should be reminded that those same “cuts” about which Rove’s Dark Money ads are caterwauling, are the same “cuts” which appear in  Representative Paul Ryan’s budget plans?

Someone doesn’t like “cuts” made to the public funds available to private health care insurance corporations.  Who might that be? We’ll not know because Crossroads is a Dark Money 501 (c) 4 which doesn’t have to reveal the names of its donors. [IBT]  There’s nothing grass-roots about Rove’s organization which takes advantage of the decision in Citizens United to cover the tracks of mega-donors.

“The large donations may renew questions from Sunlight and others about whether Crossroads GPS should be able to file as a nonprofit “social welfare” group under the tax code, allowing it to avoid disclosing donor names. According to IRS regulations, the group’s “primary purpose” cannot be influencing elections, but the group can spend up to half of its money on political campaigning.” [WaPo] (emphasis added)

This goes toward explaining why the GOP was so anxious to attack the IRS for “politicizing” 501 (c) organization decisions?  There are legitimate questions about the “social welfare” activities of organizations like Crossroads GPS, and someone didn’t want those questions answered.

Republicans may see an opening in Nevada District 4 and are willing to unleash the Dark Side Money into the breach. We can hope that the constituent services, and the person campaign style of incumbent Representative Stephen Horsford can overcome the money accreting to the Tea Party Radical campaign of challenger Cresent “Segregation” Hardy.  [NVProg]

Early voting has started, and the GOP base is out in force – as usual – Every. Vote. Counts. GOTV.

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Filed under Nevada politics, Rove

What Our Representatives Did Before Vacation

Amodei 3 House leadership has taken the biennial pre-election vacation, in other words Representatives Heck, Amodei, Titus, and Horsford will be home to face the voters.  However, the House did leave with some parting gifts to corporate America which Representatives Heck and Amodei might wish to explain.

Parting gift (shot) number one: H.R. 4 the inaptly titled “Jobs for America Act.” What this might have to do with jobs is a mystery unless a person subscribes to the well debunked Trickle Down Hoax which says that the more tax breaks we give to corporations the more jobs will be created.  In this measure the research tax credit is made permanent, businesses can expense certain depreciable business assets, corporations are given permanent tax relief,  the bonus depreciation is modified and made permanent, the medical device tax is repealed, there are registration and reporting exemptions for private equity fund advisors, there are registration exemptions for merger and acquisition brokers, there are more reporting requirements on independent regulatory agencies and a retrospective analysis of existing federal regulations – (and what corporation doesn’t want ‘freedum’ from the SEC, the OCC, the FTC, the Consumer Safety Protection Bureau, the Consumer Financial Protection Bureau…) —

And, then there’s congressional review of agency rule making, a permanent moratorium on internet taxes (pro Big Box and Amazon), a land exchange authority to privatize public lands in Oregon and California, and provisions on judicial review of agency actions relating to exploration and mine permits.

In short – this is the exploiters, polluters, hedge fund and private equity wealth management lobbyists laundry list of Things We Want!  And, we like to have them now.  It’s just about every tax cut and deregulations idea ever expounded.   And, we know where tax cuts and deregulation got us in 2007-2008?

And, on September 18, 2014 the bill passed the Republican controlled House on a 253-163 vote.  [rc513] Representatives Amodei and Heck voted in favor of the H.R. 4 – the Exploiters, Polluters, Hedge Fund Managers, Merger and Acquisition Brokers Protection Act of 2014.   Representatives Titus and Horsford did not.  But wait, there’s more!

Parting gift (shot) number two:  The House also passed H.R. 2 the so-called  “American Energy Solutions for Lower Costs and More American Jobs Act.”  If you think this is about creating permanent and well paying jobs for American workers, please find a copy of the bill text – because this is not about lowering your energy costs, nor is it about getting anyone a job – it’s about approving the Keystone Pipeline.  That’s what the first section of the first part of the act is all about – approving the Keystone Pipeline to take Canadian oil to an International port.   Here’s an idea – if the Canadians want to pipe their oil to a port, how about they pipe it to one of their own ports?

And while they’re about it there are provisions in the bill to prohibit the consideration of social costs of carbon in any analysis, repeal of earlier rules and guidelines on energy efficiency, and then Drill Baby Drill anywhere, any place, any time.  This is the American Petroleum Institute’s dream bill. It’s a fossil fuel industry wet dream. And, it passed in the House 226 to 191.  Representatives Amodei and Heck voted in favor of the Drill Baby Drill/ Keystone Pipeline bill;  Representatives Titus and Horsford voted against it. [rc515]

Let’s guess that Representatives Heck and Amodei will come home to tell us they voted against those icky overburdening regulations on “Small Business In America” – the Norman Rockwell Painting People who run those Mom and Pop corner bodegas – not, so fast – the people they voted to protect are the corporate polluters, exploiters, hedge fund wealth management, merger and acquisition brokers, and Oil Giants.  This activity creates jobs, IF and ONLY IF we are foolish enough to believe that cutting taxes on major multi-national corporations creates jobs, and we know that doesn’t work.

The House had time to vote to protect the Oil Giants and the Major Corporations in H.R. 2 and H.R. 4, but they didn’t have time before vacation to take up:

  • The Voting Rights Act
  • Equal Pay for Equal Work
  • Comprehensive Immigration Reform
  • Student Loan Terms and Indebtedness

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Filed under Amodei, Congress, energy policy, financial regulation, Heck, House of Representatives

Amodei and the Perils of the Second Question

Amodei 3I lasted for two questions and Amodeian Answers during last evening’s telephone town hall session.  The Second Question I  heard was from “Dorothy from Fernley” asking: “I live in Lyon County, what does the government plan to do to bring jobs…”

The previous post described the nature of any response on offer from Nevada’s 2nd District Congressman, Mark Amodei (R-NV2).  So, imagine the serpentine syntax and the following reply:

Representative Amodei was quick to let the caller know that the House had just passed a Jobs Bill, one that was a “general measure, instead of extending unemployment benefits.”

The Congressman didn’t specify what bill that was, but might have been referring to the Highway Trust Fund bill, or to the Federal Register Act, but those aren’t generally classified as “jobs” bills by the Republican leadership.  The bill to which he was most likely referring was H.R. 4718, amending the IRS code to make bonus depreciation permanent.  The bill “generally” helps businesses, and is an exemplar of Trickle Down in its almost pure form.

The bill passed on an almost  party line vote 258-160. [roll call 404] The Nevada delegation supported the measure. So, what would it do?

One rather brutal way to describe the bill is that it adds some $287 billion to the Federal budget deficit without doing much more than allowing businesses to write off the costs of capital improvements and investments more quickly.  [HuffPo]

If a person is waiting for a job in Yerington, Fernley, or Silver Springs — this bill doesn’t shorten the time. First, the corporation would have to make a capital investment or improvement, and the investment would have to be an expansion, and if it were an expansion, then it would have to expand in Lyon County…. you get the picture.  Describing the bill as “generally” promoting jobs is generous indeed.

More importantly, under the Austerian/Trickle Down Theory of Republican economics this kind of measure is supposed to have an overall stimulative effect.  First, bonus depreciation breaks have been in effect from 2008 to 2013.  Secondly, according to the Congressional Research Service report, (pdf) they weren’t all that stimulative:

“A temporary investment subsidy was expected to be more effective than a permanent one for short-term stimulus, encouraging firms to invest while the benefit was in place. Its temporary nature is critical to its effectiveness. Yet, research suggests that bonus depreciation was not very effective, and probably less effective than the tax cuts or spending increases that have now lapsed.”

It was a bust.  However, it was a tax break and Republicans believe, as an article of faith, that all tax breaks have a stimulative effect on the economy.

Not only was it a bust, but at the moment it is an expensive bust; again according to the CRS analysis:

“If bonus depreciation is made permanent, it increases accelerated depreciation for equipment, contributing to lower, and in some cases more negative, effective tax rates. In contrast, prominent tax reform proposals would reduce accelerated depreciation. Making bonus depreciation a permanent provision would significantly increase its budgetary cost.”

Remember how all those major corporations are forever telling us that the are paying the highest corporate tax rate in the Universe and that they can’t compete with other corporations based in foreign lands?  Well, here’s a tax break they can enjoy:

“Compared to a statutory corporate tax rate of 35%, bonus depreciation lowers the effective tax rate for equipment from an estimated 26% rate to a 15% rate. Buildings are taxed approximately at the statutory rate. Total tax rates would be slightly higher because of stockholder taxes. Because nominal interest is deducted, however, effective tax rates with debt finance can be negative. For equity assets taxed at an effective rate of 35%, the effective tax rate on debt-financed investment is a negative 5%. The rate on equipment without bonus depreciation is minus 19%; with bonus depreciation it is minus 37%.”  [CRS pdf]

Someone has to love the part wherein the capital improvements or investments are financed, the interest is deducted, and the effective tax rate can be a negative — what’s not to love? Except:

#1. The tax break was supposed to be a temporary stimulus for business expansion, with a temporary incentive for business spending.

#2. The way the current bill is drafted it’s going to cost the Federal government about $263 billion in lost revenue — from corporations, not the little guys.

#3. The CBPP informs us: ” Under current law, companies pay far less than the statutory 35 percent corporate tax rate on the profits flowing from those investments.  In some cases, they pay nothing and actually receive a tax subsidy.  Bonus depreciation only increases this favorable tax treatment.”

While the residents of Lyon County, Nevada are waiting for some business to expand and start hiring — the accountants at the corporate HQ of Soakem & Runn, Inc.  are tasked with finding yet more ways they can reduce their federal tax liability.  Therefore, the Lyon County residents must wait for the corporation to take its deductions, decide to use the money saved to expand the business, decide to locate the firm’s new improvements in the county, and take the plunge to build or expand operations.  Please do not hold your breath during this process.

Meanwhile, the extension of unemployment benefits, so disparaged by Representative Amodei have a far more immediate stimulative effect on the economy.

When we were discussing the extension of unemployment benefits back in 2011, the Congressional Budget Office estimated (pdf) that the cost of the extension would be approximately $44.1 billion during the first year. [Roosevelt Inst]  Yes, there is a cost, but the money circulates back into state and local economies.  The Congressional Budget Office estimated more recently that not extending unemployment benefits puts an approximate 0.2% “drag” on the overall economy. [CNN]  The percentage may not sound like much but when we consider that our gross national product is $17,268.7 billion [FRED] that isn’t chump change.

Instead of waiting for Soakem & Runn, Inc. to decide whether to use the new tax break for any expansion, and to determine what kind of expansion that will be, and if it will actually be in the county — Lyon County citizens might pin their hopes more realistically on the continued growth in the American GNP:

US GNP

With all due respect, they’ll have a shorter wait watching the GNP and GDP charts than they’ll have waiting for the corporations to decide how to apply their new tax breaks.  However, there’s more, as Representative Amodei tried to get more specific about Lyon County.

He referred to the need to pass the “Yerington Bill” which would create jobs and passed in the 112th Congress, but not in the present 113th.  Again, we’ll have to speculate that he meant the bill to assist the Pumpkin Hollow Mining operations, [PHM] one which has previously gotten itself mired in partisan politics, wherein an amendment was attached allowing Border Patrol agents to bypass environmental laws they deemed too restrictive.  [LVSun]

Representative Horsford (D-NV4) and Senator Heller (R-NV) are both supportive of the bill so it may have some future… but again the residents of Lyon County will have to wait.   It’s July 16th, and the House is only scheduled to be in session for nine more days until the month long August break, after which the House will have ten working days in September, another two in October, seven in November, and finally another eight working days in December. [House Cal. pdf]  That leaves a total of 36 legislative working days from now until the end of the year.  Again, Lyon County residents might want to just keep watching the GNP and GDP trends.

 

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Filed under Amodei, Congress, corporate taxes, Economy, Nevada economy, Nevada politics, Politics, tax revenue, Taxation

Another Day, Another Drill Baby Drill Bill

Oil RigAnother day, another bit of living proof Republicans don’t have a clue how world oil markets work…or if they do they don’t care, and they are perfectly pleased to do the bidding of multi-national oil corporations. Witness their shiny new bill: Lowering Gasoline Prices to Fuel an America That Works Act, or H.R. 4899, for which Rep. Mark Amodei (R-NV2) and Rep. Joe Heck (R-NV3) were pleased to vote, but which didn’t fool Rep. Steven Horsford (D-NV4) or Rep. Dina Titus (D-NV1). [rollcall 368]

The bill is a Christmas Wish List from the Oil Barons to the U.S. Congress, it’s Drill Baby Drill, and Shale Smacking Goodness — for the oil barons.

The bill’s authors assume the American public has a density equivalent to the API standard for heavy crude, i.e. an API gravity of less than 20°.

We’d have to be that dense in order to believe that more offshore drilling is going to have a perceptible impact on gasoline prices.  To demonstrate that we have an API gravity of at least light sweet crude, (37° to 42°) let’s review.

What factors determine oil prices?  There’s a picture for that —

Oil Price DiagramThere’s a supply side and a demand side, which in our good old capitalist system creates the prices.   On the supply side, crude oil comes from both OPEC and non-OPEC countries. The demand side is determined by consumption from countries that either are, or aren’t, members of the Organization of Economic Cooperation and Development, aka OECD. [EIA]  The blithe assumption on offer is that if the U.S. drills for more crude oil, and puts more crude oil on the market, the lower the price will be at the pump.  Not. So. Fast.

All those arrows point, not to your local refinery — much less your most convenient filling station — they point to the Spot Price.  The price of oil also depends on the demand for it, and there are two more charts to illustrate who’s demanding what.  First, let’s look at the non-OECD countries, like China, India, and Saudi Arabia:

Non OCEDWithout getting into too much gory detail, the blue columns represent demand from countries like China, India, and Saudi Arabia. The price and consumption trends tend to follow one another.  Now, let’s take a look at the other graph — the one illustrating the OECD countries, the United States and most of Europe.

OECD chartWhat do we learn from this illustration?   The EIA explains:

“The Organization of Economic Cooperation and Development (OECD) consists of the United States, much of Europe, and other advanced countries. At 53 percent of world oil consumption in 2010, these large economies consume more oil than the non-OECD countries, but have much lower oil consumption growth. Oil consumption in the OECD countries actually declined in the decade between 2000 and 2010, whereas non-OECD consumption rose 40 percent during the same period.”

Consumption is higher in developed countries — that’s just about obvious with our higher rate of vehicle ownership — but we have a lower rate of oil consumption growth.  While oil consumption rates were going down in the U.S. and Europe, non-OECD consumption rates were going up, up by 40% as the EIA reports.  Notice that the price and the consumption lines don’t track for OECD countries — that would be us — as they do for the non-OECD countries — that would be China, India, and Saudi Arabia.

Now, let’s return to that spot price.

“The spot price is the current market price at which an asset is bought or sold for immediate payment and delivery. It is differentiated from the forward price or the futures price, which are prices at which an asset can be bought or sold for delivery in the future.” [InvestAns]

The spot price is set in the ‘markets,’ i.e. the commodities market. For today’s prices Bloomberg News “Energy” page provides what the w-o-r-l-d price is for crude oil and refinery products.  Now we can approach the obvious question — who benefits from increased offshore drilling in U.S. waters?

A quick look at the two charts above should provide a major clue — it would be the areas with the highest consumption growth rate, i.e. the non-OECD countries — China, India, Saudi Arabia, etc.  Since oil is sold on the w-o-r-l-d market it will most likely go where there is the most demand.

Thus, what Representatives Heck and Amodei are supporting is the increase in offshore oil leases for multi-national oil corporations to sell the oil on the world market, in which it will probably go to those countries (non-OECD) like China, India, Brazil, etc. in which the consumption growth rate is higher.

To add insult to the injuries, the oil companies aren’t developing the leases they currently hold

“As of May 2012, nearly 72 percent of  the area on the Outer Continental Shelf (OCS) that companies have leased for oil and gas development – totaling 26 million acres – are not producing or not subject to pending or approved exploration or development plans. ” [Dept Interior, May 2012 pdf] [TP]

One might quibble with how the Department of the Interior categorized lands undergoing seismic and geophysical testing as not “active,” but the fact remains — about 2/3rds of the current leases aren’t producing.  The quibblers do make a legitimate point, not all leases will yield production.  Yet the thrust of the latest  Republican incarnation of Drill Baby Drill, as evidenced by the title of the bill itself, it that somehow more leases will automatically mean lower prices at the pump. Once more, glance back to the OECD chart and notice that the consumption and the price lines don’t match.

In the immortal words of oil-man President George W. Bush: “I know it’s in Texas, probably in Tennessee that says, ‘Fool me once, shame on … shame on you. Fool me… You can’t get fooled again!‘” [Time]

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Filed under Economy, energy, energy policy, Politics

Amodei and Heck Go Nuke

Nuclear missileHere’s what we get when things are reduced to “either/or” status in the deliberations of  the House of Representatives: Do we fund cleaning up toxic sites formerly used by the Department of Defense, or do we put the $3.4 million in Air Force research and development? There was a vote on an amendment to H.R. 4870:

“An amendment numbered 4 printed in the Congressional Record to increase funding for Environmental Restoration, Formerly Used Defense Sites, by $3,400,000 and reduce funds for Research, Development, Test and Evaluation, Air Force, by the same amount.”

The amendment was sponsored by Rep. Earl Blumenauer (D-OR), and it was defeated 179 to 24 [roll call 319] Nevada Representatives Titus (D-NV1) and Horsford (D-NV4) voted in favor of the amendment, Representatives Amodei (R-NV2) and Heck (R-NV3) voted against it.

In the grand scheme of federal budgeting a $3.4 million allocation isn’t all that much, but this issue does illustrate a problem for the Department of Defense, as specified in GAO reporting.

 “DOD is obligated to ensure that former defense sites are cleaned up to a level that is protective of human health and the environment. DOD has identified over 4,000 formerly used defense sites, which were closed before October 2006, and over 5,000 sites identified by several Base Realignment and Closure commissions that require cleanup.”

The Department implemented the GAO recommendations, and provides an annual report on its environmental clean up and restoration programs.  As with all things military there is an acronym for former sites, FUDS (formerly used Defense sites), and IRP (installation restoration program) and these are useful terms when reviewing the funding for these operations.

Funding for FUDS was $277.2 million in FY 2013, $287.4 million in FY 2014, and is projected to drop to $208.4 in FY 2014.  These funds would be allocated toward the restoration of 3.022 FUDS properties, and 8331 BRAC properties. [DENIX pp]  The system and the evaluation matrix are in place to implement the clean up and restoration projects.  However, only the Department of Defense could craft the following sentence explaining its goal:

Achieve RC at 90% of IRP sites, MRSs, and BD/DR sites at Active and BRAC installations, and IRP and BD/DR sites at FUDS properties, by the end of FY2018.” *Translation: RC = response complete; IRP = installation restoration program;  MRS = munition response sites; BD/DR = building demolition, debris removal; FUDS = formerly used defense sites.  BRAC = base realignment and closure.

The Department of Defense estimates that it is currently on target to meet this objective at a rate of 79%. Its projected rate is 92%.  The current FUDS rate is 78%, projected to 90%, and the BRAC rate is currently 83%, projected to 90%.  [DENIX pp]  In short, given the level of funding available, the Department of Defense is close to achieving its goal regarding the completion of restoration programs but doesn’t project a 100% “RC” in time for FY 2018.

There are two issues here, large and small.  Taking the smaller chunk first, the Department of Defense is close to meeting its targets for restoration projects, and appears at the ‘every little bit helps’ stage; meaning that the $3.4 million allocation could materially assist the Department in meeting its objectives.

By contrast, the comptroller of the Defense Department reports that the total allocated for Air Force research, development, evaluation, and testing appropriated for FY 2014 is $23,580,637,000 and the base figure for the same category in FY 2015 is $23,739,892,000. [ComptDoD pdf]  A bit of play with the plastic brains yields the information that the Blumenauer’s amendment would cost the Air Force research, development, testing and evaluation some 0.000143 of its budget.

At the heart of the floor debate, such as it was, is ‘seed’ money for a new cruise missile described by Representative Blumenauer as follows, ” The new ALCM does not yet have an official pricetag, but the research we have done suggests it is in the range of 20 to $30 billion. And a rebuilt nuclear warhead to go on it would cost another $12 billion, according to the National Nuclear Security Administration.” [ConRec]

Representative Freylinghusen responded:

“This program will provide a new air-launched cruise missile to replace a rapidly aging AGM-86. This is essential to our strategic deterrent and our ability to hold enemy targets at risk from standoff distances.

The Air Force requested $4.9 million for the program in fiscal year 2015 to continue studies and analysis in preparation for a formal acquisition program. This bill already takes a fiscally responsible $1.5 million cut from that amount.” [ConRec]

What have we learned?  That the new ALCM hasn’t gotten far enough off the drawing table to have a projected cost for the weapon.  We can estimate that the project will have the $800 million (or more) price tag discussed back in 2010. [GSN] We also know that the ALCM is a nuclear weapon, but the Pentagon hadn’t decided just what warhead would be fitted to the weapon. [GSN]

At this point the issue raised in a vote on a small amendment to a very large Defense appropriations bill takes on more meaning.

Two of Nevada’s representatives to Congress voted to provide the seed funds for the construction of a new nuclear weapon, one the Air Force considers essential to its “nuclear capacity,” and two did not.  There are some questions which were not raised during the brief discussion of the Blumenauer amendment on the House floor —

What is being said about Congressional priorities if funding for a new nuclear weapon is more essential than cleaning up and restoring formerly used military and defense installation sites?

If the new weapon is essential to the nuclear capacity of the USAF, then under what conditions and circumstances will it be used?  Or to put it rather more bluntly — whom do we intend to nuke and when? Perhaps, the two members of the Nevada congressional delegation who voted against the amendment would care to explain?

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Filed under Amodei, Defense Department, Defense spending, Heck, Politics

Post Scripts and Other Matters

PS post script** Oh, by the way, there’s another problem with House Speaker John Boehner’s commentary on “no new regulations” highlighted by the Examiner:

“In the last 5 years that Obama has been President, Republicans in Congress have done all that they could to loosen regulations for hazardous waste, and to make it harder for the EPA to protect our nation’s water and air. Republicans have even gone as far as calling for the abolishment of the EPA.”  More here.

** Benghaziiiiiiiii — Nevada Progressive reports that Representative Joe Heck (R-NV3) is going to head up a House committee to investigate…. wait for it…. Benghazi.  All I can add is that a person hoping to maintain some sanity should click over to Sound Cloud and click on Rocky Mountain Mike’s Right Wing Troll Notification System audio.

Should the latest Benghazi “investigation” not wish to re-invent the wheel, or the use of fingers to get food from fire to mouth for that matter, there are some excellent sources of information.  There’s the State Department’s Accountability Review Board report (pdf) and there’s David Fitzpatrick’s excellent reportage for the New York Times (December 28, 2013.   If that’s not enough for you, there’s the 85 page report from the Senate Select Committee on Intelligence (pdf) issued on January 15, 2014.

But then, nothing will ever be enough to satisfy the anti-Secretary Clinton crowd, and generally befuddled Faux News viewers, who cling to their conspiracy theories and react vehemently  to every new report debunking their fantasies.  Replay the “Right Wing Troll Notification System,” then read Bob Cesca’s “13 Benghazis that Occurred Bush’s Watch Without A Peep From Fox News.” [HuffPo]

** On a more serious note, see the NVRDC’s post on the Mythical Budget Deficit.   And, you know I’m going to quote a piece that includes my favorite economic concept for 2008-2014 — “aggregate demand:”

“The government should not be running a fiscal surplus when aggregate demand is still lagging in the macro economy. The country’s infrastructure is falling apart and we should be fixing it right now because the money is there and isn’t being used to expand employment or investment in the private sector. Instead coporate balance sheets are hoarding cash and using it to pay special dividends and stock buybacks for the investor class. That money should be put to work investing in America!” (emphasis added)

Combine this reading with Dan Crawford’s post on Angry Bear, “Time to end redistribution upwards…” (January 16, 2014)

** The campaign to elect Niger Innis to the Congressional seat held by Representative Steven Horsford (D-NV4) [Ralston] [Sebelius] seems to have gotten off to a rough start, with an FEC complaint [Ralston] from another candidate, “concerned citizen, ” whatever…

** We’re Number 2 — in the nationwide rate for residential foreclosures. Florida is still number 1. [RGJ]

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