Friday, December 9, 2011

Greed and The Elite in America - The Takers on Wall Street Still Have Reason to be Jolly



Greed and The Elite in America - The Takers on Wall Street Still Have Reason to be Jolly

Financial industry insiders are grousing about a big downturn in annual bonuses. They should be thanking the rest of us - bombshell new research shows - for their continuing awesome good tidings.

Wall Street’s power suits aren’t humming along, this December, with all the holiday jingles. Bankers, traders, and law firm partners are quite frankly feeling kind of foul. End-of-year Wall Street bonuses, experts predict, are going to be down from 2010 levels — by as much, on average, as 35 percent. [Bonuses might be reduced, but at $1.8 million on average, there's still plenty to be jolly about in Wall Street. Photo by Benjamin Dumas.] Bonuses might be reduced, but at $1.8 million on average, there's still plenty to be jolly about in Wall Street. Photo by Benjamin Dumas.

Total 2011 pay for the typical bond-trading managing director at a top Wall Street securities firm will likely be off, says analyst Michael Karp, nearly 40 percent.

But those typical managing directors should be able to survive the holidays quite nicely. Bonus cuts will leave average high-powered bond traders with $1.8 million for their daily labors in 2011. The average U.S. worker would have to labor 43 years — an adult lifetime — to take home that same $1.8 million.

In other words, by any real-world yardstick, Wall Street’s finest are doing just fine. And they owe their good fortune, blockbuster new research makes clear, to the generosity of Uncle Sam’s one and only central bank, the Federal Reserve.

During the financial meltdown, a new analysis of 29,000 pages of previously secret documents shows, central bankers at the Fed shoveled out an incredible $7.77 trillion in dirt-cheap loans to the nation’s financial institutions.

This massive wave of low-cost loans, note the Bloomberg news analysts who broke the story last week, amounted to a bailout over ten times larger than the $700 billion funneled to banks via the Treasury Department’s controversial Troubled Asset Relief Program, or TARP.

Bloomberg reporters had to win a court case to access the stunning new bailout data. How stunning? The $7.77 trillion the Fed committed to the nation’s financial industry, observes Bloomberg, equaled “more than half the value of everything produced” in the entire United States during the key crisis year.

To put the bailout in more homespun terms: The Fed provided banks the equivalent of over $25,000 per American.

The nation’s six biggest banks — J.P. Morgan, Bank of America, Citibank, Wells Fargo, Goldman Sachs, and Morgan Stanley — grabbed $460 billion of the secret loans. Morgan Stanley took in $10 billion in publicly visible TARP bailout dollars and $107 billion from the hidden Fed loan program.
If you think something is a little wrong with this, if you think America has gone a little off the rails, if you think greed and corruption has taken the place of capitalism, than you're what conservative Republican refer to as a commie liberal enemy of America. If you and a lot of other people work hard to make a pie and a few people run off with it, leaving the vast majority with a few crumbs - who are the bad guys? The people who only got the crumbs? That is what conservative Republicans want you to believe. If you believe otherwise, if you're a sane rational American, than you're not being patriotic.

Woman Upset With Obama Apologizes After Breast Cancer Diagnosis. Some people seem to think they live in a bubble in which nothing bad can happen to them.

Wednesday, December 7, 2011

President Obama Steps Up to The Plate and Delivers Some Good Old Fashioned American Populism


















President Obama Steps Up to The Plate and Delivers Some Good Old Fashioned American Populism

The President’s speech on Tuesday in Osawatomie, Kansas — where Teddy Roosevelt gave his “New Nationalism” speech in 1910 — is the most important economic speech of his presidency in terms of connecting the dots, laying out the reasons behind our economic and political crises, and asserting a willingness to take on the powerful and the privileged that have gamed the system to their advantage.

Here are the highlights (and, if you’ll pardon me, my annotations):

    For most Americans, the basic bargain that made this country great has eroded. Long before the recession hit, hard work stopped paying off for too many people. Fewer and fewer of the folks who contributed to the success of our economy actually benefitted from that success. Those at the very top grew wealthier from their incomes and investments than ever before. But everyone else struggled with costs that were growing and paychecks that weren’t – and too many families found themselves racking up more and more debt just to keep up.

He’s absolutely right – and it’s the first time he or any other president has clearly stated the long-term structural problem that’s been widening the gap between the very top and everyone else for thirty years – the breaking of the basic bargain linking pay to productivity gains.

    For many years, credit cards and home equity loans papered over the harsh realities of this new economy. But in 2008, the house of cards collapsed.

Exactly. But the first papering over was when large numbers of women went into paid work, starting the in the late 1970s and 1980s, in order to prop up family incomes that were stagnating or dropping because male wages were under siege – from globalization, technological change and the decline of unions. Only when this coping mechanism was exhausted, and when housing prices started to climb, did Americans shift to credit cards and home equity loans as a means of papering over the new harsh reality of an economy that was working for a minority at the top but not for most of the middle class.

    We all know the story by now: Mortgages sold to people who couldn’t afford them, or sometimes even understand them. Banks and investors allowed to keep packaging the risk and selling it off. Huge bets – and huge bonuses – made with other people’s money on the line. Regulators who were supposed to warn us about the dangers of all this, but looked the other way or didn’t have the authority to look at all.

    It was wrong. It combined the breathtaking greed of a few with irresponsibility across the system. And it plunged our economy and the world into a crisis from which we are still fighting to recover. It claimed the jobs, homes, and the basic security of millions – innocent, hard-working Americans who had met their responsibilities, but were still left holding the bag.

Precisely – and it’s about time he used the term “wrong” to describe Wall Street’s antics, and the abject failure of regulators (led by Alan Greenspan and the Fed) to stop what was going on. But these “wrongs” were only the proximate cause of the economic crisis. The underlying cause was, as the President said before, the breaking of the basic bargain linking pay to productivity.

    Ever since, there has been a raging debate over the best way to restore growth and prosperity; balance and fairness. Throughout the country, it has sparked protests and political movements – from the Tea Party to the people who have been occupying the streets of New York and other cities. It’s left Washington in a near-constant state of gridlock. And it’s been the topic of heated and sometimes colorful discussion among the men and women who are running for president.

    But this isn’t just another political debate. This is the defining issue of our time. This is a make or break moment for the middle class, and all those who are fighting to get into the middle class. At stake is whether this will be a country where working people can earn enough to raise a family, build a modest savings, own a home, and secure their retirement.

Right again. It is the defining issue of our time. But I wish he wouldn’t lump the Tea Party in with the Occupiers. The former hates government; the latter focuses blame on Wall Street and corporate greed – just where the President did a moment ago.

    Now, in the midst of this debate, there are some who seem to be suffering from a kind of collective amnesia. After all that’s happened, after the worst economic crisis since the Great Depression, they want to return to the same practices that got us into this mess. In fact, they want to go back to the same policies that have stacked the deck against middle-class Americans for too many years. Their philosophy is simple: we are better off when everyone is left to fend for themselves and play by their own rules.

He might have been a bit stronger here. The “they” who are suffering collective amnesia include many of the privileged and powerful who have gained enormous wealth by using their political muscle to entrench their privilege and power. In other words, it’s not simply or even mainly amnesia. It’s a clear and concerted strategy.

It may be make it or break it time for this democratic republic we call the USA. Voters can bring back the disastrous policies of George W. Bush - which all the conservative presidential candidates embrace to one degree or another, or we can move away from become a plutocracy ruled by multi-national corporations and Wall Street financial elite.

Fox News fabricates part of US Constitution in effort to convince viewers Elena Kagan should recuse herself from Affordable Care Act case.

Monday, December 5, 2011

Proto-Fascist Website Newsbusters Continue Factless Smear of EPA























Proto-Fascist Website Newsbusters Continue Factless Smear of EPA

In a hard-hitting* interview with Senator Jim Inhofe (R-OK), Newsbusters' Noel Sheppard opened by asking:

Lisa Jackson Source: EPA

    Well, I'm sure you saw EPA chief Lisa Jackson was named Energy Policy Maker of the Year by Politico last night. And I quote, "The EPA chief has been a forceful advocate on environmental issues and has held the line against intense Republican attacks on her agency." Is this kind of like Time picking Hitler or Khomeini as Man of the Year - whoever had the most impact whether for good or ill?

Later, Sheppard alleged that Jackson is "trying to set policy without oversight by the legislature" based on the "anthropogenic global warming myth."

In fact, it was the Supreme Court that ruled that the EPA is required to regulate greenhouse gases under the bipartisan Clean Air Act unless it "it determines that greenhouse gases do not contribute to climate change" or "provides some reasonable explanation as to why it cannot or will not exercise its discretion to determine whether they do." Following extensive review of peer-reviewed scientific literature, which overwhelmingly concludes that global warming is caused by human-induced emissions of greenhouse gases, the EPA found that greenhouse gases classify as a pollutant under the Clean Air Act.

Newsbusters' questions fit into a conservative media narrative that demonizes Lisa Jackson and grossly mischaracterizes EPA's actions to address climate change.

*From the interview:

    NEWSBUSTERS: If Margaritas were the official drink in Cancun, what would you and I be drinking if we were in Durban right now?

    INHOFE: Well, I don't know what they're serving in Durban, but I'm not going so I don't have to worry about it.

    NEWSBUSTERS: Great. Anything else you want to tell our readers before I let you go, Senator?

    INHOFE: No, I don't think so. I'm just glad, so thankful, Noel, that you and a handful of other people are keeping this alive, because as I say, this would be the most devastating economic blow in this country, and they're trying to do it. They're not going to give up. And even if Obama is long gone, there are going to be people trying to do this. So it's a very important issue we've got to keep alive, and you're the kind of guy that is willing to do that, and I appreciate it.

    NEWSBUSTERS: Well, you know we've been fighting with you right from the start, and we'll continue the fight.

    INHOFE: I know that. We're both doing the Lord's work, Noel.

    NEWSBUSTERS: Yes sir. Well, Senator, thank you for your time, and I'm going to say Merry Christmas with an underline.

A bit of surreal theater - a proto-Fascist website interviews one of, if not the most scientifically illiterate members of the Senate to get his gut feelings about issues of which he has shown no rational knowledge. Inhofe has confused his fantasies with rational knowledge so many times, if he was just an ordinary person indeed of a right-wing senator, he'd probably be committed to a home for the pathetically mentally deficient.

Study finds climate changes faster than species can adapt. Science and progress marches on as Newsbusters and Inhofe try to take the world back to the good old news where people believed flies spontaneously appeared out of dirty piles of rags.

Saturday, December 3, 2011

Anti-American Republican of the Week - Republican National Committee Chairman Reince Priebus




















Anti-American Republican of the Week - Republican National Committee Chairman Reince Priebus

Republican National Committee Chairman Reince Priebus made a curious claim on MSNBC today, alleging that Wisconsin is a state “that was absolutely riddled with voter fraud.”

The problem? A recent study by the nonpartisan Brennan Center for Justice found just seven cases of voter fraud out of three million votes cast in Wisconsin during the 2004 election, a fraud rate of 0.0002 percent. All seven of these cases involved persons with felony convictions who weren’t eligible to vote after being released from prison.

Unfazed by the minuscule incidence of actual voter fraud – comedian Stephen Colbert joked that “our democracy is under siege from an enemy so small it could be hiding anywhere” – Priebus went on MSNBC to defend Wisconsin’s new photo ID requirement and yesterday’s anti-voting rights measure passed by the House GOP. When host Martin Bashir pushed the RNC Chair about his party’s motivations for restricting voting rights, Priebus pointed to his home state of Wisconsin and declared, “I come from a state in Wisconsin that was absolutely riddled with voter fraud, okay?”

    BASHIR: Just last night Republicans in the House voted to dismantle the Election Assistance Commission, the sole purpose of which is to make sure states meet voting standards that prevent fraud. Why would Republicans do that if they’re honestly concerned about preventing fraud? [...]

    PRIEBUS: Well listen, I don’t want to get into the specifics here, but let me tell you something. I come from a state in Wisconsin that was absolutely riddled with voter fraud, okay? They had the smokes-for-votes exchange in Milwaukee. This is something that has nothing to do with constitutional rights of the people who are committing the fraud, it has to do with the constitutional rights of people under our Constitution that one person gets one vote, not two or three or four or five, by not having reasonable voting standards in this country to make sure that fraud doesn’t occur.


Research has found that voters are 39 times more likely to be struck by lightning than commit voter fraud at the polls, and 3,500 times more likely to report a UFO encounter.

Voter fraud certainly ought to be prosecuted in the extremely rare instances when it occurs. But Republicans like Priebus are using the false specter of fraud as a cudgel to disenfranchise millions.

It is little wonder Priebus is Republican National Committee Chairman of a rabid political movement dedicated to having as little freedom and individual rights as possible. One great way to accomplish those gaols is to make sure millions of Americans cannot vote because of Jim Crow-lite voting restrictions.

Thursday, December 1, 2011

Incredible, Here We Are in The 21st Century and All The Republican Presidential Candidates Are Recycling Discredited Justification For More Inequality



















Incredible, Here We Are in The 21st Century and All The Republican Presidential Candidates Are Recycling Discredited Justification For More Inequality 

This originally appeared on Robert Reich's blog.

What kind of society, exactly, do modern Republicans want? I’ve been listening to Republican candidates in an effort to discern an overall philosophy, a broadly-shared vision, an ideal picture of America.

They say they want a smaller government but that can’t be it. Most seek a larger national defense and more muscular homeland security. Almost all want to widen the government’s powers of search and surveillance inside the United States – eradicating possible terrorists, expunging undocumented immigrants, “securing” the nation’s borders. They want stiffer criminal sentences, including broader application of the death penalty. Many also want government to intrude on the most intimate aspects of private life.

They call themselves conservatives but that’s not it, either. They don’t want to conserve what we now have. They’d rather take the country backwards – before the 1960s and 1970s, and the Environmental Protection Act, Medicare, and Medicaid; before the New Deal, and its provision for Social Security, unemployment insurance, the forty-hour workweek, and official recognition of trade unions; even before the Progressive Era, and the first national income tax, antitrust laws, and Federal Reserve.

They’re not conservatives. They’re regressives. And the America they seek is the one we had in the Gilded Age of the late nineteenth century.

It was an era when the nation was mesmerized by the doctrine of free enterprise, but few Americans actually enjoyed much freedom. Robber barons like the financier Jay Gould, the railroad magnate Cornelius Vanderbilt, and the oil tycoon John D. Rockefeller, controlled much of American industry; the gap between rich and poor had turned into a chasm; urban slums festered; women couldn’t vote and black Americans were subject to Jim Crow; and the lackeys of rich literally deposited sacks of money on desks of pliant legislators.

Most tellingly, it was a time when the ideas of William Graham Sumner, a professor of political and social science at Yale, dominated American social thought. Sumner brought Charles Darwin to America and twisted him into a theory to fit the times.

Few Americans living today have read any of Sumner’s writings but they had an electrifying effect on America during the last three decades of the 19th century.

To Sumner and his followers, life was a competitive struggle in which only the fittest could survive – and through this struggle societies became stronger over time. A correlate of this principle was that government should do little or nothing to help those in need because that would interfere with natural selection.

Listen to today’s Republican debates and you hear a continuous regurgitation of Sumner. “Civilization has a simple choice,” Sumner wrote in the 1880s. It’s either “liberty, inequality, survival of the fittest,” or “not-liberty, equality, survival of the unfittest. The former carries society forward and favors all its best members; the latter carries society downwards and favors all its worst members.”

Sound familiar?

Newt Gingrich not only echoes Sumner’s thoughts but mimics Sumner’s reputed arrogance. Gingrich says we must reward “entrepreneurs” (by which he means anyone who has made a pile of money) and warns us not to “coddle” people in need. He opposes extending unemployment insurance because, he says, ”I’m opposed to giving people money for doing nothing.”

Sumner, likewise, warned against handouts to people he termed “negligent, shiftless, inefficient, silly, and imprudent.”

Mitt Romney doesn’t want the government to do much of anything about unemployment. And he’s dead set against raising taxes on millionaires, relying on the standard Republican rationale millionaires create jobs.

Here’s Sumner, more than a century ago: “Millionaires are the product of natural selection, acting on the whole body of men to pick out those who can meet the requirement of certain work to be done… It is because they are thus selected that wealth aggregates under their hands – both their own and that intrusted to them … They may fairly be regarded as the naturally selected agents of society.” Although they live in luxury, “the bargain is a good one for society.”

Other Republican hopefuls also fit Sumner’s mold. Ron Paul, who favors repeal of Obama’s healthcare plan, was asked at a Republican debate in September what medical response he’d recommend if a young man who had decided not to buy health insurance were to go into a coma. Paul’s response: “That’s what freedom is all about: taking your own risks.” The Republican crowd cheered.

In other words, if the young man died for lack of health insurance, he was responsible. Survival of the fittest.

Social Darwinism offered a moral justification for the wild inequities and social cruelties of the late nineteenth century. It allowed John D. Rockefeller, for example, to claim the fortune he accumulated through his giant Standard Oil Trust was “merely a survival of the fittest.” It was, he insisted “the working out of a law of nature and of God.”

Social Darwinism also undermined all efforts at the time to build a nation of broadly-based prosperity and rescue our democracy from the tight grip of a very few at the top. It was used by the privileged and powerful to convince everyone else that government shouldn’t do much of anything.

Not until the twentieth century did America reject Social Darwinism. We created the large middle class that became the core of our economy and democracy. We built safety nets to catch Americans who fell downward through no fault of their own. We designed regulations to protect against the inevitable excesses of free-market greed. We taxed the rich and invested in public goods – public schools, public universities, public transportation, public parks, public health – that made us all better off.

In short, we rejected the notion that each of us is on his or her own in a competitive contest for survival.

But make no mistake: If one of the current crop of Republican hopefuls becomes president, and if regressive Republicans take over the House or Senate, or both, Social Darwinism is back.

That conservatives continue to espouse anti-egalitarian views and wrapping themselves in the flag, and sometimes the Bible is not without ironic humor. None of these people could compete in a pure merit based society. Newt used elected office to make contacts with corporate America and charge millions for lobbying, not for producing well made goods or quality services. Bachmann has collected farm subsidies and Medicaid. Mitt has used every government tax loophole and tax subsidy available, and he started life with a silver spoon in his mouth. Herman Cain came from a modest background, but once he made it into corporate America's boardrooms he has been coasting ever since. These people could not survive without standing on the accomplishments of others. Mitt never made anything, he bought and sold businesses and made a lot of people jobless. Ron Paul started life with a family that was prosperous for its time, he had tons of advantages over millions of other, smarter Americans. 

Tuesday, November 29, 2011

Think OWS is Behaving Badly? Look at What The Elite 1% Are Up to - Banks May Have Illegally Foreclosed On Nearly 5,000 Military Members




















 Think OWS is Behaving Badly? Look at What The Elite 1% Are Up to - Banks May Have Illegally Foreclosed On Nearly 5,000 Military Members

Even those people putting their lives on the line for their country may not be safe from the American foreclosure crisis.

Ten lenders are reviewing close to 5,000 foreclosures of homes belonging to active-duty service members in an attempt to discover if they were carried out improperly, according to data from the Office of the Comptroller of the Currency, cited by the Financial Times. The OCC's report is based on projections prepared by the lenders and and their consultants. Bank of America said it is reviewing 2,400 foreclosures of homes belonging to active-duty service members and Wells Fargo said it's looking at nearly 900 cases. Citigroup is reviewing 700 foreclosures, the bank said.

The Servicemembers Civil Relief act aims to protect active-duty members of the military from financial difficulty, including through measures that restrict foreclosures on properties owned by active-duty military members. Still, as the OCC data indicates, thousands of active-duty members of the armed forces have lost their homes while fighting abroad.

Bank of America and Morgan Stanley reached deals with the Justice Department earlier this year, agreeing to pay more than $20 million to settle claims that they foreclosed on more than 175 active-duty service members without court orders.

They're not the only ones. JPMorgan Chase also admitted to illegally foreclosing on the families of 27 active-duty military members earlier this year and has very publicly attempted to give the families back their homes or compensate them for damages if the house was sold.

The bank also agreed to pay $27 million in cash to about 6,000 active-duty service members who were overcharged on their mortgages, Bloomberg reports.

Illegal foreclosures have affected service members like U.S. Army Sgt. James Hurley who lost his house to foreclosure while he was serving in Iraq. Tim Collette said in June that he had been negotiating with JPMorgan Chase since 2008 to save his house from foreclosure while his son was serving in Iraq.

Though illegal foreclosures may be some of the most egregious examples of lenders mistreating service members, banks have wronged members of the military in other ways. An October lawsuit claims that 13 banks and mortgage companies charged hidden and illegal fees from veterans trying to refinance their homes.

These foreclosure victims are the ones conservatives are telling to get off their lazy asses and get a job or three jobs. Don't bother conservatives with concerns about economic justice, for them that phrase just just another word for communism. Imagine how easily it would be to solve most of America's problems if the elite and their conservative lap dogs were not in the way of progress and justice.

Conservative Republican Sam Brownback knows who is supposed to make sacrifices in tough times, the mentally ill. Sam might be the dumbest and most malicious piece of human garbage in Kansas - ‘Compassionate Conservative’ Kansas Gov. Brownback Proposes Ending Funding For State Mental Hospital.

Sunday, November 27, 2011

Police and Politicians Across America Spend Tax Dollars To Shut Down Ist Amendment: Millions Spent To Evict Camps, While Cutting Shelter Funds

















 

















Police and Politicians Across America Spend Tax Dollars To Shut Down Ist Amendment: Millions Spent To Evict Camps, While Cutting Shelter Funds

As cities around the country have swept Occupy Wall Street camps from their plazas and parks in recent weeks, a number of mayors and city officials have argued that by providing shelter to the homeless, the camps are endangering the public and even the homeless themselves.

Yet in many of those cities, services for the homeless are severely underfunded. The cities have spent millions of dollars to police and evict the protesters, but they've been shutting down shelters and enacting laws to prohibit homeless from sleeping overnight in public.

In Oakland, Atlanta, Denver and Portland, Ore., there are at least two homeless people for every open bed in the shelter system, according to the most recent data from the U.S. Department of Housing and Urban Development. In Salt Lake City, Utah, and Chapel Hill, N.C. -- two other cities that have evicted protesters from their encampments -- things are better but far from ideal. In Chapel Hill, according to the HUD study, there are 121 beds for 135 homeless people, and in Salt Lake City, 1,627 for 1,968.

Heather Maria Johnson, a civil rights attorney at the National Law Center on Homelessness and Poverty, said most cities in the U.S. lack adequate affordable housing, emergency or transitional housing, or other social services for people who are either homeless or are in danger of losing their homes. "This was true before the current economic crisis and remains true today, particularly in areas that have cut social services due to budget concerns," Johnson said.

According to HUD, job losses and foreclosures helped push more than 170,000 families into homeless shelters in 2009, up nearly 30 percent from 2007. Of course, those are some of the same problems that have inspired people to protest.

ATLANTA

After Atlanta's Mayor Kasim Reed forcibly evacuated Occupy Atlanta from a public park, protesters moved into a homeless shelter. As it turned out, the shelter had been tied up in court battles with the city for a few years, and the city had planned to close it. The shelter was scheduled to be shut down a few days after the protesters moved in, but that date has since been postponed indefinitely and protesters have taken up the shelter's cause.

Local stakeholders -- including city officials, the local business development group Central Atlanta Progress, Emory University and other business interests -- have been trying to boot the Task Force homeless shelter from its home as it sits on a valuable piece of real estate.

The fight between the shelter and its opponents goes back at least to 2008. In a recent court case, the task force that runs the shelter contended that Emory University had been trying to rid their area of the shelter for years. Emails released in court show that officials from Emory approached major private donors to the task force to make their case against the shelter, and that they talked with investors about foreclosing on it. And in recent weeks, the shelter has fought the city to prevent local authorities from turning off their water.

Some point out that the media has been paying more attention to the shelter's troubles since the protesters' arrival. Earlier this month, the county told a local TV station that tuberculosis had broken out at the shelter. Protesters told HuffPost that they thought these claims were bogus.

One protester, Tim Franzen, said he'd been living in the shelter for weeks and had yet to see signs of anyone getting sick. He described the claim as an attempt to smear the Occupation and the shelter.

So did Shab Bashiri, another protester. "The city wants to shut it down with absolutely no alternative," she said. According to Bashiri, the protesters had not only been "occupying" the shelter but had also been sleeping outdoors in areas where homeless people stay.

The shelter is the largest in the southeast, housing more than 1,000 people on some nights. "The city doesn't have the infrastructure to deal with 1,000 people," Franzen said. "So where would they go? We don't know."

Atlanta has been flagged as one of the worst cities nationally in which to be homeless and has the widest income gap between rich and poor.

Many protesters argue that the city should fund the shelter with the money they've spent on dealing with the protest. The mayor's office reports they spent nearly $500,000 in just two weeks dealing with Occupy Atlanta, most of it on overtime pay for police. Maurice Lattimore, who helps run the shelter, said $500,000 could fund the shelter easily for two years. He noted that the city hasn't put any money into the shelter's coffers since the court battle began three years ago.

The Atlanta mayor's office did not respond to a request for comment.

PORTLAND

In Portland, Ore., Mayor Sam Adams said despite his support for the Occupy movement's principles, the Portland camp was getting dangerous. After the eviction, the mayor pointed to the presence of homeless people and people with mental illnesses. Nearby businesses had been pressuring him with claims that homeless residents were scaring away customers.

Judas James, a member of Occupy Portland who is himself homeless, said the protesters have tried to help homeless people who sought shelter with them by providing food, medical attention, tents and blankets.

"If there was money there for them, these people could be taken care of," James said. "It's hard because we want everyone to be safe, and we just don't have the resources to help them with it."

If the city were to take care of them using the money they've spent to pull down tents and clean up the park, it would amount to nearly $850,000, according to data from Mayor Adams' office.

Adams has acknowledged that the Occupy Portland movement has highlighted the city's homelessness problem, and said he supports a lot of the protesters' positions.

The city has invested $13 million towards relieving homelessness in the past five years and has devised a long-term plan to combat the problem. Yet, in an attempt to climb out of a budget hole of over $3 billion, Oregon has slashed its funding for social services by more than $73 million.

Amy Ruiz, a spokesperson for the mayor, wrote in an email that "providing social services and maintaining peace are not mutually exclusive. The City must, and does, do both." Ruiz pointed out that several nonprofit organizations, which receive money from state and local governments, had moved several dozen homeless people out of the Occupy camps into shelters, motels and other "lower-impact, and safer, camps."

Ruiz said more than 20 outreach workers representing at least seven organizations reached out to the homeless at the encampments before shutting them down.

Dennis Lundberg, an outreach worker, told Adams that the camp was doing more harm than good to Portland's street youth, who preferred the camp to the shelter system because they could reap the benefits of free meals without submitting to the sorts of rules imposed by the shelters.

DENVER

In October, Denver Mayor Michael Hancock came out in support of new legislation that would ban homeless people from sleeping in public places overnight.

"We only have one downtown," Hancock said at the time. "We cannot afford to lose our city core. If people don't feel safe going downtown, that is a threat to the very vitality of our downtown and our city."

A couple weeks later, Hancock said he didn't want to allow protesters to set the precedent for sleeping in tents in the public parks. This was a prelude to Denver sending in riot police to evict the protesters.

Johnson, the civil rights attorney with the NLCHP, said the organization has noticed a nationwide increase in laws that criminalize homelessness, including laws that prohibit sleeping, sitting or storing belongings in public spaces, even when there is insufficient shelter space.

She argued these criminalization measures cost far more to municipalities than providing adequate shelter to people. Citing studies conducted in 13 cities and states, she said that it costs on average $87 per day to jail someone, compared to $28 per day to house them in a shelter. "With state and local budgets stretched to their limit, it's profoundly irrational to waste taxpayer money on these expensive criminalization policies," she said.

According to Revekka Balancier, the communications director of the homeless outreach program Denver Road Home, the city's homeless shelters are at capacity every night, and many have long waiting lists. And she noted that the city's homeless population is growing. A report from 2009 found that 10,604 people were living on the streets and in area shelters on the night the survey was conducted. By 2011, that number had increased by 6.5 percent, to 11,377.

Not to worry Americans can still camp out in front of retail outlets to buy cheap crap. So we do have some freedoms left. Funny how you can get in tons of trouble in America for being homeless, but the too big to fail banks can get rich stealing billions from the government and the American people. To date I don't think one billionaire thief has been evicted from his home or pepper-sprayed.

US Senate To Vote On Bill That Will Allow The Military To Arrest Americans On American Soil And Hold Them Indefinitely