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Tag Archives: Clint Zweifel

Campaign Finance: what a friend we have in Alton

15 Sunday Sep 2013

Posted by Michael Bersin in Uncategorized

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campaign finance, Clint Zweifel, Jill Schupp, missouri, Missouri Ethics Commission

In the past week, at the Missouri Ethics Commission:

C131081 09/13/2013 SCHUPP FOR SENATE Simmons Browder Gianaris Angelides & Barnerd LLC One Court St. Alton IL 62002 9/12/2013 $10,000.00

C081066 09/14/2013 CLINT ZWEIFEL FOR MISSOURI Simmons Attorneys At Law One Court Street Alton IL 62002 9/12/2013 $10,000.00

C031159 09/14/2013 MISSOURIANS FOR KOSTER Simmons Browder Gianaris Angelides & Barnerd LLC One Court Street Alton IL 62002 9/13/2013 $50,000.00

[emphasis added]

They must have a thing for sanity.

Or, the thought of a Governor Ed Martin (r), a Governor Tom Schweich (r), or a Governor Brian Nieves (r) scares the crap out of them.

But that’s redundant, isn’t it?

The Governor’s Ham Breakfast at the Missouri State Fair – 2013

16 Friday Aug 2013

Posted by Michael Bersin in Uncategorized

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Billy Long, Clint Zweifel, Dean Dohrman, Jason Kander, Jay Nixon, missouri, Roy Blunt, Russ Carnahan, State Fair, Timothy Jones, Vicky Hartzler

The Governor’s Ham Breakfast at the State Fair is the one annual event that is usually the largest gathering of politicians in Missouri, outside of when the General Assembly is in session. The attendance this year appeared down when compared to last year.

There was no forest of campaign signs (okay, I saw a couple of lonely Tom Schweich (r) yard signs) and no gauntlet of campaign t-shirted volunteers offering to plaster attendees with candidate campaign stickers.

Senator Claire McCaskill (D) and Attorney General Chris Koster (D) did not attend.

We spent some time talking with media people who don’t despise bloggers. Yes, there are a few. And we had the opportunity to talk with some state representatives and a state senator. We asked about the coming override vote on Governor Jay Nixon’s veto of HB 253. We got some interesting responses. It appears that the Democrats believe that if the override vote were held today the Governor’s veto would be sustained. The republicans are telling others in the media that “it’ll be close” but they believe they will have the upper hand.

The buzz is that some wavering republican representatives are receiving pressure from constituents to sustain the Governor’s veto and pressure from republican leadership, facing loss of committee chairmanships, if they do.

School districts and their constituencies have been doing a good job about communicating their displeasure with HB 253. Higher education not so much.

Nope, this wasn’t on the menu, but it was the grand champion cabbage at the Missouri State Fair.

Missouri Secretary of State Jason Kander (D).

Senator Roy Blunt (r).

Speaker of the Missouri House, Timothy Jones (r).

State Auditor Tom Schweich (r).

In the parking lot, on a candidate’s vehicle:

Yeah, right, give the base a reason to sit on their hands in the general election.

The Governor’s Ham Breakfast is a convenient opportunity for getting file photographs of Missouri politicians. We take a lot of photographs. Some don’t turn out:

Facial expressions captured via still photography like this happen to everyone. That’s one reason why we take a lot of photographs.

Some do:

Representative Vicky Hartzler (r).

That’s better.

There was a sign posted at the entry this year stating that photography or video recording were forbidden, unless you had a media credential. Maybe someone thought the trackers were getting to be a bit much.

Former Representative Russ Carnahan (D).

Representative Billy Long (r).

State Senator Ron Richard (r).

State Representative Dean Dohrman (r), 51st District.

We spoke with several representatives about the upcoming override of Governor Jay Nixon’s veto of HB 253. We didn’t get to ask Representative Dean Dohrman (r). He voted for the bill in the regular session, thereby screwing school districts and the higher education institutions in or near his district.

Governor Jay Nixon (D) at the breakfast.

At the point during the breakfast that the auction of the champion hams and bacon started under the tent we exited to check out the fair. In the Home Economics Building they were checking in pies for judging.

If I had only had a fork with me…

And they were judging rabbits in the poultry/rabbit shed:

Making a run for it on the judging table…

State Treasurer Clint Zweifel (D) made the rounds on the fairgrounds after the breakfast, here greeting people in one of the agriculture buildings.

There are vendor booths all over the fairgrounds:

Is anyone surprised?

Lieutenant Governor Peter Kinder (r) at the republican party tent on the fairgrounds after the breakfast.

And we check one off the list:

Yes, we got a photo of the butter sculpture, sort of.

At the Missouri State Fair last night (August 11, 2013)

Of state fair rodeo announcers and clowns: res ipsa loquitur (August 12, 2013)

You know you’ve struck a nerve… (August 12, 2013)

We don’t get a lot of mail (August 13, 2013)

Seriously? (August 14, 2013)

In the parking lot at the Missouri State Fair (August 15, 2013)

State Treasurer Clint Zweifel (D) – Missouri Boys State – June 17, 2013 – Q and A

18 Tuesday Jun 2013

Posted by Michael Bersin in Uncategorized

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Clint Zweifel, missouri, Missouri Boys State, state treasurer

Previously:

Missouri Boys State – 2013 (June 16, 2013)

Kansas City Mayor Sly James – Missouri Boys State – June 16, 2013 (June 17, 2013)

State Treasurer Clint Zweifel (D) – Missouri Boys State – June 17, 2013 – one word (June 17, 2013)

State Treasurer Clint Zweifel (D) – Missouri Boys State – June 17, 2013 (June 17, 2013)

State Treasurer Clint Zweifel (D) taking questions from the audience after speaking

at Missouri Boys State on the campus of the University of Central Missouri – June 17, 2013.

State Treasurer Clint Zweifel (D) was the keynote speaker for Missouri Boys State on Monday evening. After his address he took questions from the audience:

State Treasurer Clint Zweifel (D) – Missouri Boys State – June 17, 2013

18 Tuesday Jun 2013

Posted by Michael Bersin in Uncategorized

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Clint Zweifel, missouri, Missouri Boys State, state treasurer

“…So, citizenship for me is this wonderful mix of personal responsibility, but also being part of a team. It’s built on the idea that we all have responsibilities to ourselves, both to family and to friends, work and school, but that we’re part of a larger community. And being part of that larger community requires us to see beyond our front door. Trying to understand how things work. Showing intellectual curiosity. Figuring out ways that you can add value, figuring out ways that you can make a difference. And once you get in the habit of thinking like this, it becomes part of who you are. And it shapes nearly every decision that you make going forward in your lives…”

Previously:

Missouri Boys State – 2013 (June 16, 2013)

Kansas City Mayor Sly James – Missouri Boys State – June 16, 2013 (June 17, 2013)

State Treasurer Clint Zweifel (D) – Missouri Boys State – June 17, 2013 – one word (June 17, 2013)

State Treasurer Clint Zweifel (D) was the keynote speaker for Missouri Boys State on Monday evening. He addressed the audience in prepared remarks and then took questions.

State Treasurer Clint Zweifel, speaking in Warrensburg at Missouri Boys State on the campus

of the University of Central Missouri – June 17, 2013.

“…You know, most of my neighbors, they worked with their hands, they used their physical strength whether they were garbage collectors, electricians, laborers, auto workers. It taught me a special appreciation for those who build, who work with their hands on a day to day basis, and how all of us depend upon them. That’s something I take with me every day as a public servant – importance of respect and dignity in the workplace, the importance of good jobs and ultimately what those good jobs can mean for a family and for a community…”

Prepared remarks, part 1:

Part 2:

The transcript:

State Treasurer Clint Zweifel (D): All right. So, Hazelwood West [High School] in the house? There he is. Hey, Hazelwood West can make more noise than that. [voice: “St. Louis!”]

It is, it is so exciting to be with you tonight at Boys State. Thank you Mike, for the, for the kind introduction. And I also want to tell you it is just a wonderful honor to be able serve as your State Treasurer. Uh, you know, I’ve been through twelve years of election cycles, uh, and I still come to work every day with the same sense of excitement that I did after my first election in two thousand two. I feel so fortunate to be able to serve my fellow Missourians each day.

And I love coming to Boys State specifically because I always walk away with some optimism about our future. You usually send me away, not just with that stylish, fashion forward, Boys State t-shirt, but with also, uh, a heck of a lot of energy and enthusiasm that I can take back, uh, with me. You know something that I agree with, that together we can make a difference in our State and we can make a difference in the world at large. And one impressive thing that you’re doing by spending this week here at Boys State, you’re translating that energy and that enthusiasm into a real sense of purpose. One indication of the value of this is the alumni who have made it their priority to make Boys State happen for you just as it has happened for them. We have a hundred volunteers that are committed to providing you the same moving experience that they had many years before. This is a [applause], this is an important investment that you’re making and they’re making just by being present in the moment here this week.

You know, we think, we think a lot about job training as being or training as being job specific or skill specific, related to some area of study, whether you’re a carpenter, engineer, banking, teaching. Those all are examples of jobs and professions that require specialized training and obviously they’re all very important. But there’s another type of training, regardless of your profession, your area of interest, that helps you grow, builds your community and makes our state stronger. And that is training to be a good citizen. You’re already showing your belief of the importance of civic responsibility. And as you know, maintaining our nation’s leadership position requires us to be to good citizens. It requires us all to give back a little more than we receive. And all the institutions that we often take for granted, whether they be universities like this here today, school boards, city, county governments, public libraries, fires districts, political party committees even, these institutions help build and they help create the civic life that embraces progress, that makes us part of communities, not just a gathering of individuals that are out there acting alone by ourselves.

So, citizenship for me is this wonderful mix of personal responsibility, but also being part of a team. It’s built on the idea that we all have responsibilities to ourselves, both to family and to friends, work and school, but that we’re part of a larger community. And being part of that larger community requires us to see beyond our front door. Trying to understand how things work. Showing intellectual curiosity. Figuring out ways that you can add value, figuring out ways that you can make a difference. And once you get in the habit of thinking like this, it becomes part of who you are. And it shapes nearly every decision that you make going forward in your lives.

So tonight I want to visit with you just a bit about that civic responsibility and leadership, my job as State Treasurer, while also sharing with you the path that I’ve sort of created for myself in bringing me here today.

Now, as Mike said, I grew up in Florissant, uh, in the northern part of St. Louis County. My dad’s a retired carpenter, my mom’s a retired hairdresser. And I learned so much about hard work from both of them. They set a standard and an example for me in so many ways. Now they weren’t involved in politics, but they voted, they read the newspaper, they volunteered their time coaching at our school, helping out at school. And like each of you, my community and my neighborhood that I grew up, it shaped me and gave me a point of reference to the larger world. And one of those defining characteristics was hard work.

You know, most of my neighbors, they worked with their hands, they used their physical strength whether they were garbage collectors, electricians, laborers, auto workers. It taught me a special appreciation for those who build, who work with their hands on a day to day basis, and how all of us depend upon them. That’s something I take with me every day as a public servant – importance of respect and dignity in the workplace, the importance of good jobs and ultimately what those good jobs can mean for a family and for a community.

Another defining moment for me, that Mike talked about, was growing up I was the first person in my family to walk on to a college campus and to graduate from college. It, it was [applause], that experience was a transformational experience for me. I still remember walking onto that campus for the first time. And my world suddenly got a lot larger, seeing the choices that I had before me, professors to interact with, diversity among the student body. That opportunity of higher education is a big part of who I am today as a person, but also as a public servant.

And I grew a lot in college. I was interested in journalism. It took me a few months to get the courage, uh, to actually contact the student newspaper, but I finally did. I knocked on their door and I asked if I could volunteer as a, as a news reporter. They said yes and two years later I was managing editor of the paper, running the editorial section and writing weekly opinion columns. And I really loved every minute of it. And I spent a lot of time on campus writing about campus politics, writing about news and feel, and started feeling a pull about running for office someday. And I made the decision to run for student government vice president. Now, not only did I win that election with more votes than my presidential running mate, but I actually met my wife on campus. Now, I didn’t get her vote, but I did finally get a date. [applause]

Now, so, in so many ways my, my experience in those two area, my parents’ work and the opportunity that I had to attend college, shaped my philosophical view on government and society as a whole. And I really, truly believe this, so, no matter what your political philosophy is government does play an important role. It sets a foundation for all of us to work from. It sures, it ensures that opportunity is present and that progress for society is within reach. I see it first hand as I travel to every corner of our state. At its best I’ve seen automobile jobs being retained and grown here in Missouri, I’ve seen a school get rebuilt in Pemiscot County after a devastating tornado, I’ve seen veterans get trained and rehired for jobs here in, and I’ve seen children who don’t have a mom and dad in their lives at least have a fighting chance of making it. And I, whose grandfather stopped going to school after eighth grade and started working, had the opportunity to attend college and become a statewide leader. Folks, our investments in others matter. They matter because I see it every day in every part of Missouri.

I worked after graduating from college and went back to school got an MBA. I had a little bit of political experience at this point, but not a lot. And I had made a decision to run in two thousand two for election against a state representative who had been in office for ten years at that point. Now, I was really confident of victory. I knocked on seventy-five doors a day every day beginning in June first. And as I got toward the end of August, a few days of knocking I was getting the same constant comment, come back. Folks were saying somebody just called about your election. They wanted to know how we’re gonna vote. So I called the Democratic Party and asked if they were conducting a poll. They said yes. I said, well, I want to know the results, I feel great about my prospects for victory. I know everybody in the district. We’re gonna win this thing.

There was dead silence on the other end of the phone.

They said, Clint, you just can’t pull off this election. Our polling only has your name identification at eighteen percent and of that eighteen percent forty-eight percent are voting against you and only eighteen percent are voting for you. You’re not going to win this election. And I thought of the individuals in my life who had invested in me along the way, my parents, my wife Janice, neighbors walking down the street who were encouraging me, saying they were praying for me, volunteers who had spent so many hours canvassing, calling and mailing on my behalf. They had all taken a leap of faith with that campaign that I had run in two thousand two. I talked with Janice and realized that we had to keep going. So I kept knocking on doors through a cold election day in November. And the first election results came in early that evening, we were losing by three hundred votes. So we waited and we waited. And at the, at midnight we won that election by sixty-seven votes out of fourteen thousand cast. [applause] Now, six years later I’m serving as your State Treasurer.

And I’m a little biased, but on your first election night when you’re down by three hundred votes for most of the evening and you come up and you end up with sixty-seven ahead at midnight, you develop an immense appreciation for the difference one person can make, you develop an immense appreciation for the power of small investments and understanding how to climb toward your goals. Each of you in this room has that same power and ability in your own lives and in the world around you. Giving to charity, competing in small active, in, in school activities, working hard, finding ways to help others, gives you that foundation to grow. It’s about being the best person that you can be here and now.

I’ve worked to implement that same approach in my administration on a day to day basis, that basic idea that we can make a difference in society. And I’m so proud of what we’ve accomplished. You know, we had two basic goals. The number one job was to do all of our core competencies with excellence every single day. But the second one was to have a larger impact on public policy in our state, to use the power of my administration to shape policy to change people’s lives.

That core function first meant protecting taxpayer dollars, keeping them safe and sound during a very uncertain period. I protected our three point six billion dollar portfolio, updated our investment policy to protect taxpayers in a new world of finance, and we retooled how we think about and manage risk. We actually strengthened Missouri’s fiscal position during difficult times.

But those core functions also meant modernizing my administration, using technology, doing more with less, developing partnerships to help Missourians afford college. We’ve helped Missourians save now more than two billion dollars through our college savings program, touching Missourians in every corner of the state. And for the first time ever we have a matching grant program that set aside a half a million dollars to help parents save for college along the way.

But it’s also my belief that as elected officials we should do more than the basics. That’s why we’re elected. So we’ve found ways to help children and families throughout this state. I developed an economic development strategy that paired the assets that we invest in Missouri banks with small businesses that were trying to borrow during a very difficult environment. When we took office there were only hundred lenders across the state of Missouri using the Missouri Linked Deposit Program. I rededicated staff, we passed sweeping legislation, we reached out to community lenders and within two years we now have three hundred community banks using that program on a day to day basis.  We’ve leant out one billion dollars in small business and farm loans, touching every corner of Missouri. [applause]

That, that responsibility also means caring for our most vulnerable in society, our veterans, our children in foster care, and our fellow citizens that suffer from mental illness. We’ve now built seven hundred units of housing that pairs supportive services with bricks and mortar housing, giving individuals an opportunity for growth, recovery and one day, independence. And we did this by making government work smarter and work better. And it didn’t cost an extra penny of taxpayer dollars. [applause]

But the reason I’m here tonight is because I know that a long term investment in getting young people thinking about public service is one of the most important investments that we can make as a society. It’s going to take young leaders from both parties to help us turn, turn the corner in this country and in our state to develop consensus and bring citizens together.

You know, the gamesmanship that we often see, governing without any sense of responsibility, both Democrats and Republicans do it, it takes away from the real conversations we have, not just as a party, but as a state. How do we make our elementary and secondary educational system to make as dynamic as possible, developing new ways to approach learning, training and recruiting teachers, rewarding them to help our kids compete in a global economy? How do we lead on transportation, whether it be air, rail, public systems or highways, so that a state in a middle of the United States can develop a lasting, competitive advantage? How do we achieve excellence in public higher education through research and teaching and economic development, but also insure that a new generation of first generation college students have opportunity to attend college, too? And how do we think creatively about entrepreneurialism in Missouri, developing ideas that don’t just to react to current needs but drive a culture in this state of capital and risk taking that positions Missouri as a leader for people and growth, investment, and ultimately jobs.

The opportunity cost of that status quo debate, the gamesmanship, is huge because we miss the issues that matter the most.

You know, I work a great deal with numbers on a day to day, day to day basis as your State Treasurer. I can’t predict though with certainty where the stock market will be tomorrow, what interest rates will be, or a variety of other economic and jobs data, but I can tell you this with absolute certainty, Missouri’s ability to grow its population, grow its state product, increase its relevance in the world, create jobs and opportunity for all, is based on education, transportation, and entrepreneurialism. And we cannot be locked into a box doing things the same old way on those issues. It’s not enough. We have to be challenge, willing to challenge orthodoxy and try new ways of approaching things. This is how all of our political involvement should be judged. What are we doing to transform and compete for the long term? And not just scoring the victory here or there, but truly moving the needle. We have to work with the same sense of energy, urgency, and focus that Missourians do every day.

In April I toured my home town after a tornado ran through my old district and met with the owner of an optical shop, a business owner there, who in a few minutes time lost much of what he had built up over the previous two decades. But he was remarkably calm, even after being up most of that night, and was actually telling me stories about the first weekend that they opened that optical shop. His daughter, who was now close to being my age, was out in the street with a sign that was encouraging people driving down the street to come by her dad’s new optical shop, that they were staring a business for the first time. And he was smiling big as he was telling that story. And it was remarkable, that in the midst of losing his business in just a few minutes he is quietly putting one foot in front of the other, telling me how he was going to rebuild, finding a pathway forward. They deserve no less from us. [applause]

Thank you for allowing me to be here tonight with you. Have a great week.

State Treasurer Clint Zweifel (D) – Missouri Boys State – June 17, 2013 – one word

18 Tuesday Jun 2013

Posted by Michael Bersin in Uncategorized

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Clint Zweifel, missouri, Missouri Boys State, nullification, state treasurer, tenthers

Previously:

Missouri Boys State – 2013 (June 16, 2013)

Kansas City Mayor Sly James – Missouri Boys State – June 16, 2013 (June 17, 2013)

State Treasurer Clint Zweifel (D) in Warrensburg speaking at Missouri Boys State

on the campus of the University of Central Missouri – June 17, 2013.

State Treasurer Clint Zweifel (D) was the keynote speaker this evening at Missouri Boys State on the campus of the University of Central Missouri. After his prepared remarks he took questions from the audience. One question, on nullification of federal laws, prompted a one word response:

[….] Question: Considering your experience in the state legislature, do you believe that states have the constitutional ability to nullify federal laws?

State Treasurer Clint Zweifel (D): No. [applause][laughter]

By the way, you’re not gonna get a lot of one word answers from politicians, so enjoy it. [laughter][applause]

That’s a significant difference between a statewide office holder and the republican controlled General Assembly.

Campaign Finance: anticipation

11 Tuesday Jun 2013

Posted by Michael Bersin in Uncategorized

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2016, campaign finance, Clint Zweifel, missouri, Missouri Ethics Commission, state treasurer

Today, at the Missouri Ethics Commission:

C081066 06/10/2013 CLINT ZWEIFEL FOR MISSOURI UFCW Local 655 Elect Political Fund 300 Weidman Road Ballwin MO 63011 6/10/2013 $10,000.00

C081066 06/10/2013 CLINT ZWEIFEL FOR MISSOURI Central Bancompany PAC 238 Madison St Jefferson City MO 65101 6/10/2013 $10,000.00

C081066 06/10/2013 CLINT ZWEIFEL FOR MISSOURI Thompson Coburn LLP One US Bank Plaza St Louis MO 63101 6/10/2013 $10,000.00

[emphasis added]

The memory of the 2012 alternative is probably still quite fresh.

Campaign Finance: running for something in 2016?

12 Sunday May 2013

Posted by Michael Bersin in Uncategorized

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campaign finance, Clint Zweifel, missouri, Missouri Ethics Commission, state treasurer

A few days ago, at the Missouri Ethics Commission:

C081066 05/10/2013 CLINT ZWEIFEL FOR MISSOURI Hoisting Engineers Local 513 Political & Educational Fund 3449 Hollenberg Dr Bridgeton MO 63044 5/10/2013 $10,000.00

C081066 05/10/2013 CLINT ZWEIFEL FOR MISSOURI Dollar, Burns & Becker, LC 1100 Main Street Suite 2600 Kansas City MO 64105 5/10/2013 $10,000.00

[emphasis added]

We already know it’s not governor.

Ding, Ding, Ding! We have a winner!

24 Wednesday Apr 2013

Posted by Michael Bersin in Uncategorized

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Balloon Juice, Chris Koster, Claire McCaskill, Clint Zweifel, Jason Kander, Jay Nixon, missouri

From mistermix at Balloon Juice:

….Democrats are so terrible at political branding that if they were giving away gold they’d call it “shit”….

You know who you are.

Scenes from the 2013 Inaugural

15 Tuesday Jan 2013

Posted by Michael Bersin in Uncategorized

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2013, Chris Koster, Clint Zweifel, Freezing Cold, Inauguration Day, Jason Kander, Jay Nixon, Peter Kinder



Blue skies, cold air, can’t lose

Perhaps “it’s cold at the inauguration is a first world problem”. Ok, it is. Plus it warmed up to 24 degrees. Plus our hearts were warmed as Senator Tom Dempsey underestimated the capabilities of a bell denoting 12 Noon (Dempsey came to stage after 8 chimes, only to hear the 9th).

The Inaugural speech clocked in at a brisk 12 minutes. Speaking of the current split government and comparing it to an opposite split from 1987. Then talking about the Civil War. Then a brief summary of the last four years (the auto industry is back, natural disasters). Before going into a future without limits in regards to education, science, business, agriculture and conservation. Then noting the bold pioneers of the past and future and closing by noting that he took his oath to a variety of people (waitresses pulling double shifts, veterans, farmers).

Of course the realist and cynic would note the problems ahead. But then again, those problems have always been around since 2009, aside from the veto-proof super majority and all. But it’s an inaugural speech, reality will be known later.

So some photos of the inaugural events taken from the blue section of the South Lawn:



Governor Nixon arriving on the scene with his wife Georganne

The match of the statewides



Attorney General Chris Koster being sworn into office



Treasurer Clint Zweifel being sworn into office



Secretary of State Jason Kander being sworn into office



Lt. Governor Peter Kinder being sworn into office



Governor Jay Nixon being sworn into office



Governor Nixon speaking during the Inaugural Address

High Broderism: it was a bad decision then, it’s still a bad decision now

30 Friday Nov 2012

Posted by Michael Bersin in Uncategorized

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Clint Zweifel, Fix the Debt, High Broderism, missouri

It’s supposed to be a clue when the simple act of joining a “bipartisan” group, rather than actual substantive policy, provides the “bipartisan” group the political cover and enhances their label.  

Previously:

High Broderism: the debt, the debt, it’s the debt…. (November 16, 2012)

High Broderism in Missouri: State Treasurer Clint Zweifel (D) (November 19, 2012)

State Treasurer Clint Zweifel joins Campaign to Fix the Debt to urge leaders in Washington to reach bipartisan consensus

State Treasurer Clint Zweifel [….] has joined The Fix the Debt Campaign, a national bipartisan group dedicated to finding a long-term resolution to the current fiscal crisis facing the United States.  Treasurer Zweifel will be chairing the state’s steering committee….

State Treasurer Clint Zweifel (D) might want to consider skipping those meetings.

Tuesday, Nov 27, 2012 9:52 PM UTC

When did “Fix the Debt” become “protect Bush tax cuts”?

A coalition devoted to reducing the deficit shouldn’t embrace the irresponsible tax measures that helped create it

Fix the Debt and its partners find themselves twisted in a knot. Because “comprehensive tax reform” is such a central component of their vision, they have to root for the Bush tax cuts, because there’s not much room for reform otherwise. But supporting the Bush tax cuts, as a baseline, is not “fixing the debt.” It’s the opposite, since the Bush tax cuts make up almost all of the long-term projected deficit, as this chart from the Center on Budget and Policy Priorities shows.

It’s also worth noting that Fix The Debt’s approach to taxes is not the same as the Simpson-Bowles commission. Simpson-Bowles started from the assumption that the Bush tax cuts would expire. Insisting that the Bush tax cuts form the starting point for negotiations was the position, instead, of Mitt Romney, Paul Ryan (it was one reason he opposed Simpson-Bowles), and the current House Republicans.

I’m not sure why Fix the Debt put itself in a position where it now seems more concerned with protecting the Bush tax cuts than actually reducing the long-term deficit. Maybe it’s that the devotion to the fantasy of a grand bargain that includes something called “tax reform” drove them there. Maybe it’s that it’s necessary to maintain the nominal support from Republicans and business leaders that they boast. But whatever the cause, it’s where they seem to be. And a group devoted to fiscal responsibility has no business protecting one of the two most irresponsible fiscal choices in recent history….

When? As if it ever was anything else?

Does Fix the Debt Want To Fix the Debt, or Keep Tax Rates Low?

By Matthew Yglesias

Posted Tuesday, Nov. 27, 2012, at 12:03 PM ET

….So it’s not a group dedicated to avoiding premature austerity at all costs and it’s not a group dedicated to deficit reduction at all costs either. But it does include among its “core principles” that we need to reduce entitlement spending and enact “comprehensive and pro-growth tax reform” that, among other things, “lowers rates.” That sounds a lot like the agenda of a group that’s dedicated to rate-cutting tax reform and entitlement spending cuts, rather than to any particular view about the appropriate timing of deficit reduction.

From the Institute for Policy Studies:

The CEO Campaign to ‘Fix’ the Debt: A Trojan Horse for Massive Corporate Tax Breaks

By Sarah Anderson and Scott Klinger. Contributors include Brent Soloway.

Released November 13, 2012

This business-driven initiative is using the so-called fiscal cliff as a cover for tax-code changes that would damage our economy.

The Fix the Debt campaign has raised $60 million and recruited more than 80 CEOs of America’s most powerful corporations to lobby for a debt deal that would reduce corporate taxes and shift costs onto the poor and elderly.

This report focuses on the Fix the Debt campaign’s corporate tax agenda and in particular the windfalls the campaign’s member corporations would reap from a territorial tax system. We also analyze the savings the Fix the Debt campaign’s CEOs have derived from the Bush tax cuts and how many of them received more in compensation last year than their corporations paid in federal income taxes….

But wait, there’s more:

A Pension Deficit Disorder: The Massive CEO Retirement Funds and Underfunded Worker Pensions at Firms Pushing Social Security Cuts

By Sarah Anderson and Scott Klinger. Contributors include Brent Soloway.

Released November 27, 2012

This report analyzes the retirement policies of the U.S. corporations leading the “Fix the Debt” campaign, which is calling for reduced spending on senior citizens’ benefits as part of a deal on the national debt.

A major player in the national debt debate, the “Fix the Debt” campaign, is arguing that cuts to Social Security and Medicare are necessary to avoid economic disaster. Meanwhile, the corporations leading this campaign are contributing to Americans’ retirement insecurity by funneling enormous sums into their CEO retirement accounts while underfunding their employee pension funds.

Key findings:

The 71 Fix the Debt CEOs who lead publicly held companies have amassed an average of $9 million in their company retirement funds. A dozen have more than $20 million in their accounts. If each of them converted their assets to an annuity when they turned 65, they would receive a monthly check for at least $110,000 for life.

The Fix the Debt CEO with the largest pension fund is Honeywell’s David Cote, a long-time advocate of Social Security cuts. His $78 million nest egg is enough to provide a $428,000 check every month after he turns 65.

Forty-one of the 71 companies offer employee pension funds. Of these, only two have sufficient assets in their funds to meet expected obligations. The rest have combined deficits of $103 billion, or about $2.5 billion on average. General Electric has the largest deficit in its worker pension fund, with $22 billion….

Gee, incentives. What’s State Treasurer Clint Zweifel’s excuse?

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