Talking The Talk

If you listen very closely, you’ll detect the faint murmur of President Barack Obama finally “talking the talk” about cutting defense spending and eliminating the Bush tax cuts for the rich. We welcome these sentiments. But there is a woeful disconnect between the spirit they invoke and the “facts on the ground.“

Obama proposed a $400 billion cut to the bloated military budget — but the cuts stretch across 12 years and barely graze the Pentagon, which will continue spending at Cold War levels. He waxed eloquently when he opposed renewing Bush tax cuts for the rich, even as he continued to embrace his new “job czar”: GE CEO Jeffrey Immelt, the poster boy of corporate tax dodging.

So, as Americans filed their taxes en masse, IPS experts continued calling attention to military spending and unfair tax policies.

IPS scholar John Feffer wrote in a recent OtherWords op-ed, that “the United States was responsible for 94 percent of the global increase in military expenditures in 2010.” The Global Day of Action on Military Spending, organized by IPS and the International Peace Bureau, resulted in hundreds of actions around the world on April 12th, including an eye-catching display in Athens, a “die-in” at the steps of the Treasury building in London, and a song written by the indie pop group Peachcake in Arizona.

Tax day also brought attention to the low taxes paid by the super wealthy and the nonexistent taxes on transnational corporations including Bank of America, GE, BP, Verizon and FedEx. As IPS scholar Chuck Collins points out in his recent article, “What Would Jesus Tax?,” the US could collect over $4 trillion in new revenue by closing offshore tax havens, adding new top tax brackets for millionaires, and instituting a simple financial transaction tax over the next decade.

Additionally this week, IPS scholar Sarah Anderson outlined seven innovative mechanisms to increase public revenue streams and IPS scholar Noel Ortega blogged about the burgeoning youth movement against corporations: US Uncut.

Obama may be beginning to find his voice, IPS is hoping to help him find the way to the bully pulpit.