Sen. Sanders Introduces Bill To Lift Social Security Payroll Tax Cap

On Thursday, Sanders announced that he will introduce legislation that would fully fund Social Security to the end of this century without cutting benefits to any of its beneficiaries. Sanders’ legislation would eliminate the income cap that currently exists in the payroll tax that does not tax income above $106,800:

To keep Social Security strong for another 75 years, Sanders’ legislation would apply the same payroll tax already paid by more than nine out of 10 Americans to those with incomes over $250,000 a year. [...] Under Sanders’ legislation, Social Security benefits would be untouched. The system would be fully funded by making the wealthiest Americans pay the same payroll tax already assessed on those with incomes up to $106,800 a year.

Last week, Sen. Bernie Sanders (I-VT) was a featured speaker at the United Steel Workers 2011 conference in Las Vegas.

Sen. Bernie Sanders (I-VT)

Sanders focused much of his speech on the Social Security system, blasting suggestions by Democrats and Republicans alike that, for example, we should adjust the cost of living adjustment to cut Social Security payments to working class Americans or raise the retirement age. “When [Social Security] was developed, 50 percent of seniors lived in poverty.

Today, poverty among seniors is too high, but that number is ten percent. Social Security has done exactly what it was designed to do!”

Sanders points out that President Obama himself endorsed this idea on the campaign trail in 2008. “What we need to do is to raise the cap on the payroll tax so that wealthy individuals are paying a little bit more into the system. Right now, somebody like Warren Buffet pays a fraction of 1 percent of his income in payroll tax, whereas the majority…pays payroll tax on 100 percent of their income. I’ve said that was not fair,” said Obama during the campaign.

The Social Security system is currently fully funded until 2037. Lifting the payroll tax cap would virtually eliminate funding shortfalls the program would experience over the next 75 years.

Hurricane Irene A Dangerous Storm For The Eastern Seaboard

The expected arrival of the nearly 600-mile-wide Hurricane Irene this weekend means that states of emergency have been declared along the length of the eastern seaboard. Dangerous Irene is an usually wet and large hurricane in its overall size with tropical storm force winds extending out nearly 300 miles from the center. Climate scientists studying hurricanes have documented a 35-year warming trend of 1 degree Fahrenheit in ocean surface temperature. That 1 degree rise in surface temperature increases atmospheric water vapor available to feed hurricanes, increasing the area of tropical storm force winds and total rainfall amounts.

Depending on numerous factors, it could take New York City “weeks or months” to return to normal if the densely-populated city suffers a direct hit from Hurricane Irene. Apart from the potential loss of life in the most densely populated part of the America, history suggests that the economic damage could run into the tens of billions of dollars, depending on the severity of the storm and how close it comes to the City of New York. Unlikely but theoretically plausible scenarios could have the damage entering the realm of the costliest natural disasters of all time, and perhaps being large enough to have a materially negative effect on the nation’s gross domestic product.

The storm is poised to hit New York at a time when high tides reach their highest levels, which could amplify flooding in the city built around bays and rivers. Some experts predict a storm surge of five feet or more. Lower Manhattan could see streets under a few feet of water.

"In many ways, a Category 2 or stronger storm hitting New York is a lot of people's nightmare, for a number of reasons," said Susan Cutter, director of the Hazards and Vulnerability Research Institute at the University of South Carolina.

Even if the winds aren't strong enough to damage buildings made largely of brick, concrete and steel, a lot of New York's subway system and power lines are underground. The city's airports are close to the water, too, and could be inundated, as could densely packed neighborhoods. Hospitals were told to make sure generators were ready.

Fox News: ‘Facts Are Certainly’ On The Side Of Global Warming, But ‘It Doesn’t Matter’

On Fox & Friends Sunday, anchor Clayton Morris admitted that Fox News factcheckers have confirmed that man-made global warming is “certainly” real, but argued that it “doesn’t matter” because climate denial is popular among Fox News-watching conservatives. Morris contrasted Jon Huntsman’s defense of the National Academy of Sciences with Rick Perry’s claims that scientists have “manipulated data” to concoct manmade global warming:

MORRIS: If you dive into the weeds a little bit on this global warming thing, you see that it seems that facts are certainly on Huntsman’s side on all of this and fact checkers have come out, we’re actually having our own brain room look look at this right now that any of Perry’s comments don’t seem to hold a lot of water. It doesn’t matter. What’s resonating right now in South Carolina is helping Governor Perry tremendously and he fired back at Huntsman on global warming and gaining traction, facts or not.

Fox & Friends Sunday with anchor Clayton Morris

Americans care deeply about energy, weather disasters, food prices, clean air, and a safe future for their children.

Maybe if Clayton Morris and his Fox News colleagues decided that facts should matter, they’d be able to rally Americans to fight global warming pollution before it’s too late.

Skepticism and outright denial of climate changing global warming are among the articles of faith of the Tea Party movement across the country. To a large extent, of course, those articles of faith were intentionally fostered by the constant bombardment of anti-science propaganda from Fox News and other right-wing media.

For some, the denial of scientific facts are a matter of religious conviction; for others, it is driven by distrust of those they call the elites. And for others still, efforts to address climate change are seen as a conspiracy to impose world government and a sweeping redistribution of wealth.

Gov. Rick Perry (R-TX) trades that fear and distrust of scientists in his proclamation that climate science is a "contrived phony mess" based on “so-called science” in a “secular carbon cult.”

Global Warming’s Heavy Cost

As Irene takes aim on the Eastern Seaboard toward New York City, the mainstream news media should ask: what’s a “tropical” storm doing heading for the snow belt? Category 3 Storms have rarely hit Long Island since the 1800s; one was the great unnamed storm of 1938, which sent 15-foot storm waters surging through what are now multimillion-dollar seaside homes.

Normally, says Jeff Masters of Weather Underground, it’s “difficult for a major Category 3 or stronger hurricane crossing north of North Carolina to maintain that intensity, because wind shear rapidly increases and ocean temperatures plunge below the 26°C (79°F) level that can support a hurricane.” The high-altitude wind shear may help knock the storm down a little this year, but the ocean temperatures won’t. They’re bizarrely high—only last year did we ever record hotter water.

“Sea surface temperatures 1° to 3°F warmer than average extend along the East Coast from North Carolina to New York. Waters of at least 26°C extend all the way to southern New Jersey, which will make it easier for Irene to maintain its strength much farther to the north than a hurricane usually can,” says Masters. “These warm ocean temperatures will also make Irene a much wetter hurricane than is typical, since much more water vapor can evaporate into the air from record-warm ocean surfaces. The latest precipitation forecast from NOAA's Hydrological prediction center shows that Irene could dump over eight inches of rain over coastal New England.”

Remember—this year has already seen more billion-dollar weather-related disasters than any year in U.S. history. Last year was the warmest ever recorded on planet Earth. Arctic sea ice is near all-time record lows. Record floods from Pakistan to Queensland to the Mississippi basin; record drought from the steppes of Russia to the plains of Texas. Just about the only trauma we haven’t had are hurricanes plowing into the U.S., but that’s just luck—last year was a big storm year, but they all veered out to sea. This year we’re already on letter I—which in a normal year we don’t get to until well into October. Every kind of natural system is amped up, holding more power—about ¾ of a watt extra energy per square meter of the Earth’s surface, thanks to the carbon we’ve poured into the atmosphere. This is what climate change looks like in its early stages.

But you’d never guess that anything was amiss if you asked the Obama administration. In one of those ironies of timing, Friday saw the release of the environmental impact statement (EIS) for the most contested energy project in many years, the so-called Keystone Pipeline that would connect the tar sands of northern Alberta with the Gulf of Mexico. Those tar sands are the second-biggest pool of carbon on the continent; if we tap into them in a big way, says the federal government’s premier climate scientist James Hansen, it’s “essentially game over for the climate.”

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