Sunday, January 25, 2015

SOU Reboot

"I want Americans to win the race for the kinds of discoveries that unleash new jobs – converting sunlight into liquid fuel; building the next generation of sailing ships; creating revolutionary prosthetics, so that a veteran who gave his arms for his country can play catch with his kid; and undertaking the vital work of ecological restoration on a scale unseen since Franklin Roosevelt's Civilian Conservation Corps."


Jan. 20, 2015:

Mr. Speaker, Mr. Vice President, Members of Congress, my fellow Americans:

We are fifteen years into this new century. Fifteen years that dawned with terror touching our shores; that unfolded with a new generation fighting two long and costly wars; that saw a vicious recession spread across our nation and the world. It has been, and still is, a hard time for many.

But tonight, we turn the page.

Tonight, after   Some see the past 12 months as a breakthrough year for America, with an economy growing and creating jobs at the fastest pace since 1999. But these numbers belie the truth. Our unemployment rate is now lower than it was before the financial crisis only because so many have given up looking for work and are no longer included in the workforce statistics. More of our kids are graduating than ever before, but there are no jobs waiting for them when they get through, and they have accrued massive and unforgiving debt to get that education, debt that could limit their freedom for much of their adult lives. ; more of our people are insured than ever before; we are as free from the grip of foreign oil as we've been in almost 30 years. (applause)

Where we stand right now, in Washington, D.C., 50 percent of the children are living in poverty. And yet, more than 50% of this legislative body have individual net worth exceeding one million dollars. Inequality is the central reality of the economy that exists in our country and around the world. Right now the 80 wealthiest people in the world control as much wealth, own as much wealth, as the bottom 50 percent of the population of the world, more than 3.5 billion people.

We have a booming stock market not from earnings or wage growth but from pure financial alchemy, with 80% of trades done by high speed computer algorithms running not on price discovery or productive value but on each other's exuberance. This will not end well.

Tonight, for the first time since 9/11 we withdrew our forces, our combat mission in Afghanistan is over ramping up again. Six years ago, nearly 180,000 American troops served in Iraq and Afghanistan. Today, fewer than 15,000 remain, but that is changing. And Although we salute the courage and sacrifice of every man and woman in this 9/11 Generation who has served to keep us safe and We are humbled and grateful for your service, and although we hope we can find an equal number to fill your shoes, this must change. We cannot keep doing this forever. This is a war no one can win, at least not this way, and we need to stop putting our young men in harms' way.

America, for all that we've endured; for all the grit and hard work required to come back; for all the tasks that lie ahead, know this: The shadow of crisis has not passed, and the State of the Union is strong growing weaker. The leading delusion in our culture these days, after the wish for a something-for-nothing magic energy rescue remedy, is the idea that we can politically organize our way out of the epochal predicament of civilization that we face.

At this moment – with a growing stagnant and shrinking economy, shrinking growing deficits, bustling moribund industry, and booming energy undiminished greenhouse gas production – we have risen from recession freer to write our own future than any other nation on Earth have arrived at a moment of truth. It's now up to us to choose who we want to be over whether we still want to exist after the next fifteen years, and for decades to come.

Will we accept an economy where only a few of us do spectacularly well for their brief remaining lifetimes? Or will we commit ourselves to an economy that generates rising incomes and chances for everyone who makes the effort a serious course correction that might allow our children a chance to see the second half of this century, and possibly even bequeath a decent, but less wasteful, standard of living to their children?

Will we approach that world, the way we have these past 15 years, fearful and reactive, drugged by mass media, a diseased health service and nutritionally bankrupt national diet until we are dragged unresisting into costly conflicts that strain our military, set back our standing, and squander the little time remaining to arrest climate change? Or will we lead wisely, using all elements of our power to defeat new threats and protect our planet?

Will we allow ourselves to be sorted into factions and turned against one another – or will we recapture the sense of common purpose that has always propelled America forward?

In two weeks, I will send this Congress a budget filled with ideas that are practical, not partisan. And in the months ahead, I'll crisscross the country making a case for those ideas.

So tonight, I want to focus less on a checklist of proposals, and focus more on the values at stake in the choices before us.

It begins with our economy.

Seven years ago, Rebekah and Ben Erler ... 11 million new jobs.

Lately we seem to be rejoicing over the low price of gasoline and the strong US dollar, but as R. Buckminster Fuller reminds us:


The requisite pressures and heat that must be maintained continuously and steadily over the multimillenia involved in the natural production of liquid fossil fuels, when accounted at the kilowatt-per-hour prices charged to retail customers by the public utilities for that much energy for that vast span of time, amount to well over a million dollars per each gallon of petroleum.

We believed we could reduce our dependence on foreign oil, coal and natural gas and protect our planet. And today, America is number one in oil and gas. America is number one in wind power. Every three weeks, we bring online as much solar power as we did in all of 2008. And thanks to lower gas prices and higher fuel standards, the typical family this year should save $750 at the pump. We still have a ways to go to reduce our dependence in dirty fossil fuels and dangerous nuclear power, and that is why tonight I am proposing that we remove all federal subsidies for fossil and nuclear energy and give them instead to our conversion to energy efficiency and renewables, with a goal that the nation be carbon neutral by 2020 and carbon negative, meaning net sequestering, by 2025. To accomplish this I propose a Carbon Tax and Dividend to be modeled after the Alaska Permanent Fund, with those who extract carbon from the ground paying into the fund and the fund providing dividends to every citizen that more than compensate for the higher cost of non-carbon energy. Those who add carbon to the soil will be rewarded, and we all will benefit from better tasting, nutrient dense foods.

We believed we could prepare our kids for a more competitive world. And today, our younger students have earned the highest math and reading scores on record. Our high school graduation rate has hit an all-time high. And more Americans finish college than ever before. All of those achievements take our nation to 36th in the world, the lowest we have been since No Child Left Behind was first uttered in these halls. Our nation is behind Singapore, Korea, Liechtenstein, Russian Federation, Slovak Republic, Lithuania, Hungary, Tunisia, Mexico and Vietnam, and yet, or because, it is among the most expensive, social-economically unequal, and computerized in the world. This needs to change and that is why I am proposing we stop injecting religion into our curricula, start assisting the poorest performing schools, and expand Head Start and other proven programs for the youngest and most disadvantaged.


We believed that sensible regulations could prevent another crisis, shield families from ruin, and encourage fair competition. Today, we have new tools to stop taxpayer-funded bailouts, and a new consumer watchdog to protect us from predatory lending and abusive credit card practices. And Despite scores of attempts to repeal Obamacare in this chamber, in the past year alone, about ten million uninsured Americans finally gained the security of health coverage, but at an enormous cost to both the country and their own future. Instead of a sensible, single payer system that provides universal care, bloated insurance companies have, though their paid lobbyists, inserted themselves into every step of the medical process, inflating billables, extorting the sick and handicapped, denying care to those in greatest need, and defrauding the government. We need to rid our medical system of that scourge and simply provide a common standard of care to all our citizens with the money saved by wholly eliminating private insurance participation.

At every step, we were told our goals were misguided or too ambitious; that we would crush jobs and explode deficits. Instead, we've seen the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation at its lowest rate in fifty years. (Applause.)  This is good news, people.  (Laughter and applause.)

So the verdict is clear. Middle-class economics works. Expanding opportunity works. And these policies will continue to work, as long as politics don't get in the way. We can't slow down businesses or put our economy at risk with government shutdowns or fiscal showdowns. We can't put the security of families at risk by taking away their health insurance, or unraveling the new rules on Wall Street, or refighting past battles on immigration when we've got a broken system to fix. And if a bill comes to my desk that tries to do any of these things, I will veto it. It will have earned my veto.

Today, thanks to a growing economy, the recovery is touching more and more lives. Wages are finally starting to rise again. We know that more small business owners plan to raise their employees' pay than at any time since 2007. But here's the thing – those of us here tonight, we need to set our sights higher than just making sure government doesn't halt the progress we're making.
We need to do more than just do no harm. Tonight, together, let's do more to restore the link between hard work and growing opportunity for every American.


Because families like Rebekah's ...  help families get ahead.

In fact, at every moment of economic change throughout our history, this country has taken bold action to adapt to new circumstances, and to make sure everyone gets a fair shot. We set up worker protections, Social Security, Medicare, and Medicaid to protect ourselves from the harshest adversity. We gave our citizens schools and colleges, infrastructure and the internet – tools they needed to go as far as their effort and their dreams will take them.

That's what middle-class steady state economics is – the idea that this country does best when everyone gets their fair shot, everyone does their fair share, and everyone plays by the same set of rules. We don't just want everyone to share in America's success – we want everyone to contribute to our success.

So what does middle-class steady state economics require in our time?

First – middle-class steady state economics means helping working families feel more secure in a world of constant change. That means helping folks understand and prepare for the freight train of climate change and peak resources that is barreling our way afford childcare, college, health care, a home, retirement – and my budget will address each of these issues, lowering the taxes of working families and putting thousands of dollars back into their pockets each year into by getting off of climate-changing non-renewable resource and back on a track that is in partnership with Mother Nature and can be sustained indefinitely into the future.

Here's one example. During World War II, when men like my grandfather went off to war, having women like my grandmother in the workforce was a national security priority – so this country provided universal childcare. In today's economy, when having both parents in the workforce is an economic necessity for many families, we need affordable, high-quality childcare more than ever. It's not a nice-to-have – it's a must-have. It's time we stop treating childcare as a side issue, or a women's issue, and treat it like the national economic priority that it is for all of us. And that's why my plan will make quality childcare more available, and more affordable, for every middle-class and low-income family with young children in America creating more slots and a new tax cut of up to $3,000 per child, per yearby funding affordable free childcare, beginning with every large workplace and poor neighborhood in America, and steadily expanding that until there is universal access.

Here's another example. Today, we're the only advanced country on Earth that doesn't guarantee paid sick leave or paid maternity leave to our workers. Forty-three million workers have no paid sick leave. Forty-three million. Think about that. And that forces too many parents to make the gut-wrenching choice between a paycheck and a sick kid at home. So I'll be taking new action to help states adopt paid leave laws of their own. And since paid sick leave won where it was on the ballot last November, let's put it to a vote right here in Washington. Send me a bill that gives every worker in America the opportunity to earn seven days of right to paid sick leave. It's the right thing to do.

Of course, nothing helps families make ends meet like higher wages. That's why this Congress still needs to pass a law that makes sure a woman is paid the same as a man for doing the same work. Really. It's 2015. It's time. We still need to make sure employees get the overtime they've earned. And to everyone in this Congress who still refuses to raise the minimum wage, I say this: If you truly believe you could work full-time and support a family on less than $15,000 a year, go try it. If not, vote to give millions of the hardest-working people in America a raise. And while we are at it, let us increase the minimum social security benefit to $15,000. The idea that your father and mother should have to live on $3,600 per year because of how little they were paid in their working careers is a scandal.

These ideas won't make everybody rich, or relieve every hardship. That's not the job of government. To give working families a fair shot, we'll still need more employers to see beyond next quarter's earnings and recognize that investing in their workforce is in their company's long-term interest. We still need laws that strengthen rather than weaken unions, and give American workers a voice. But things like child care and sick leave and equal pay; things like lower mortgage premiums and a higher minimum wage – these ideas will make a meaningful difference in the lives of millions of families. That is a fact. And that's what all of us – Republicans and Democrats alike – were sent here to do.

Second, to make sure folks keep earning higher wages survive the enormous changes just down the road, we have to do more to help Americans upgrade their skills.

America thrived in the 20th century because we were not very far from our roots in the farm, and the life skills that gives a child. To level the playing field between urban and rural, rich and poor, we made high school free, sent a generation of GIs to college, and trained the best modern workforce in the world. But in a 21st century economy that rewards knowledge like never before, we need to do more. That peaked in the post-world war-II years, and has been declining ever since. We are too far removed from those roots, and we can't go back, but we can go forward, if we recognize what will be required in the years ahead.

By the end of this decade, two in three job openings will require some higher basic skills education. Two in three. We are talking about carpentry, mechanics, electricians, plumbers, and people who know how to use picks, shovels and hoes. And yet, we still live in a country where too many bright, striving Americans are priced out of the education they need have no idea how to do any of these things, or think they should have to. What do they expect to do when the oil runs out and the fracking hoax is shown for what it is, a colossal Ponzi scheme? Unless we change our educational paradigm now, it's not fair to them, and it's not smart for our future.

That's why I am sending this Congress a bold new plan to lower the cost of community and vocational colleges – to zero.

Keep in mind — Forty percent of our college students choose community college. Some are young and starting out. Some are older and looking for a better job. Some are veterans and single parents trying to transition back into the job market. Whoever you are, this plan is your chance to graduate ready for the new economy, without a load of debt. Understand, you've got to earn it – you've got to keep your grades up and graduate on time. Tennessee, a state with Republican leadership, and Chicago, a city with Democratic leadership, are showing that free community college is possible. I want to spread that idea all across America, so that two years of college becomes as free and universal in America as high school is today. Lets stay ahead of the curve.  And I want to work with this Congress, to make sure Americans already burdened with student loans can reduce their monthly payments, so that student debt doesn't derail anyone's dreams.

Thanks to Vice President Biden's great work to update our job training system, we're connecting community colleges with local employers to train workers to fill high-paying jobs like coding, and nursing, and robotics learn 21st century jobs like carpentry, horse farming, windmill repair, and commercial sail navigation. Tonight, I'm also asking more businesses to follow the lead of companies like CVS and UPS, and offer more educational benefits and paid apprenticeships – opportunities that give workers the chance to earn higher-paying secure jobs even if they don't have a higher education.

And as a new generation of veterans comes home, we owe them every opportunity to live the American Dream they helped defend. Already, we've made strides towards ensuring that every veteran has access to the highest quality care. We're slashing the backlog that had too many veterans waiting years to get the benefits they need, and we're making it easier for vets to translate their training and experience into civilian jobs. Joining Forces, the national campaign launched by Michelle and Jill Biden, has helped nearly 700,000 veterans and military spouses get new jobs. So to every CEO in America, let me repeat: If you want somebody who's going to get the job done, hire a veteran.

However, let me stop here and say that in an era when social media connects us all in real time, you and I and everyone around the world shared a tragic event this year. Together, we watched, on TV, a black man, Eric Garner, father of six, who was being polite, and whose only alleged offense was selling cigarettes by the single, rather than by the pack, choked to death by NY police officer Daniel Pantaleo while he said, repeatedly, politely, and with respect in his voice, "I can't breathe." And after we watched him stop breathing, and his body lay unattended in the street until he died of a heart attack in the ambulance on the way to the hospital, we watched the young man who filmed that crime be thrown in jail and we watched the policeman who committed that crime go unpunished, and we learned that that Daniel Pantaleo had a long pattern of misconduct.

In Ferguson, Missouri, violence and chaos erupted after a grand jury elected not to indict a white officer, Darren Wilson, for the killing of Michael Brown, a black teenager.

We also watched, again on TV,  12-year-old Tamir Rice, who was carrying an airsoft gun that shoots non-lethal plastic pellets, shot repeatedly, and fatally, within 1½ to 2 seconds of officer Timothy Loehmann pulling up in his police cruiser to a WalMart children's play area.

That is why tonight I am proposing that police departments and police academies all across America be excluded from the initiatives we are creating to hire veterans, and that laws be enacted prohibiting veterans from working in any job involving lethal weapons. We trained them to be killers, we subjected them to brutality that scars them still, and we have no business sticking a gun in their hand and sending them out onto the streets of America to attack cigarette vendors, teenagers in hoodies, or children with plastic guns.

Earlier this year I ordered an end to our war on whistleblowers. We dropped all our demands of Pulitzer prize-winning New York Times reporter James Risen and we will stop jailing those who reveal high crimes and misdemeanors in government, the military and the workplace. If journalism is not a crime, why are we criminalizing journalists? Is it because we are frightened of their power? Are we like the Saudi kingdom, that feels it necessary to order 1000 lashes for a blogger who challenges authority, or to publicly decapitate women who refuse to wear the veil?

I ask Congress to amend or repeal the Espionage Act so that this kind of abuse can never happen again.

I intend to protect a free and open internet, extend its reach to every classroom, and every community, and help folks build the fastest networks, so that the next generation of digital innovators and entrepreneurs have the platform to keep reshaping our world. We need to hear the voices of others around the world, whether it is from Anonymous, YouTube, Netflix, Silk Road, Wikileaks, Al-Jazeera or Russia Today. The Voice of America does not have a corner on the truth — we need to hear all sides. Freedom of speech demands it.

I want Americans to win the race for the kinds of discoveries that unleash new jobs – converting sunlight into liquid fuel; building the next generation of sailing ships; creating revolutionary prosthetics, so that a veteran who gave his arms for his country can play catch with his kid; and undertaking the vital work of ecological restoration on a scale unseen since Franklin Roosevelt's Civilian Conservation Corps. ; pushing out into the Solar System not just to visit, but to stay. Last month, we launched a new spacecraft as part of a re-energized space program that will send American astronauts to Mars. In two months, to prepare us for those missions, Scott Kelly will begin a year-long stay in space. Good luck, Captain – and make sure to Instagram it.

Now, the truth is, when it comes to issues like infrastructure and basic research, I know there's bipartisan support in this chamber. Members of both parties have told me so. Where we too often run onto the rocks is how to pay for these investments. As Americans, we don't mind paying our fair share of taxes, as long as everybody else does, too. But for far too long, lobbyists have rigged the tax code with loopholes that let some corporations pay nothing while others pay full freight. They've riddled it with giveaways the superrich don't need, denying a break to middle class families who do.

Just before I took office 6 years ago, when the captains of Wall Street ran the country into a ditch, the country chose to bail out the banks in hopes that they would lend more to Main Street. They didn't, and we find ourselves more in debt today, and the giant Ponzi schemes they ran up before the last crash are now ten times larger. No one can bail out anyone when they crash, as surely they will. As James Howard Kunstler has said,


"The collective failure of authority, whether of intention or oversight or mental deficiency boggles the mind. And it leaves us where we are: in a compressive deflationary contraction, a.k.a. the long emergency.  This is not a cyclical recession. It's the end of one thing and the beginning of another thing, another phase of history in which people will have to learn to live differently or perish."

This year, we have an opportunity to change that insanity. Let's close loopholes so we stop rewarding companies that keep profits abroad, or buy more yachts and private islands for their top 1 percent, and reward those that invest in America. Let's use those savings to rebuild our infrastructure and make it more attractive for companies to bring jobs home.

Lets revoke the charter of any company found guilty of the kinds of financial fraud we uncovered in 2008. Some people are calling this corporate capital punishment.

Finally, as we better train our workers, we need the new economy to keep churning out high-wage jobs for our workers to fill.

Since 2010, America has put more people back to work than Europe, Japan, and all advanced economies combined.
Our manufacturers have added almost 800,000 new jobs. Some of our bedrock sectors, like our auto industry, are booming. But there are also millions of Americans who work in jobs that didn't even exist ten or twenty years ago – jobs at companies like Google, and eBay, and Tesla, jobs that may not exist in another 20 years. We need to phase out our private automobile-based transportation system, powered by fossil energy, and replace it with light rail, powered by renewable energy.


No one knows for certain which industries will generate the jobs of the future. But we do know we want some of them here in America. That's why the third part of middle-class steady state economics is about building the most competitive advanced economy anywhere, the place where businesses want to locate and hire. We need to build an economy that understands degrowth, and that prospers in advancing higher social goals and quality of life, not damaging, unsustainable and antiquated patterns of consumerism.

21st century businesses need 21st century infrastructure – modern ports, stronger bridges, faster trains, large cargo-carrying sailing ships, and the fastest internet. Democrats and Republicans used to agree on this. So let's set our sights higher than a single oil pipeline. Let's pass a bipartisan infrastructure plan that could create more than thirty times as many jobs per year, and make this country stronger for decades to come. Lets do it. Lets get it done. Lets get it done.

21st century businesses, including small businesses, need to sell more quality American products overseas to Americans, not ship cheap junk halfway around the world. Today, our businesses export more than ever, and exporters tend to pay their workers higher grossly inadequate wages. But as we speak, China wants to write the rules for the world's fastest-growing region. We should let them do that. Asia is their domain. In an energy-constrained world we are disadvantaged by distance. That would put our workers and businesses at a disadvantage. Why would we let that happen?  But when we speak about America, we should write those rules. We should level the playing field. We should sell to ourselves, the products we need, that last, and that make sense for the coming years. That's why I'm asking both parties to give me trade promotion authority to protect American workers, with strong new trade deals from Asia to Europe that aren't just free, but fair. It's the right thing to do.


Look, I'm the first one to admit that past trade deals haven't always lived up to the hype ... give all of us access to the personalized information we need to keep ourselves and our families healthier.

Let's simplify the system and let a small business owner file based on her actual bank statement, instead of the number of accountants she can afford. And let's close the loopholes that lead to inequality by allowing the top one percent to avoid paying taxes on their accumulated wealth and property. We can use that money to help more families pay for have help with childcare and sending their kids to college. We need a tax code that truly helps working Americans trying to get a leg up in the new economy, and we can achieve that together. We can achieve it together.

Helping hardworking families make ends meet. Giving them the tools they need for good-paying jobs in this new economy. Maintaining the conditions for growth and competitiveness. This is where America needs to go. I believe it's where the American people want to go. It will make our economy stronger a year from now, fifteen years from now, and deep into the century ahead.

Of course, if there's one thing this new century has taught us, it's that we cannot separate our work at home from challenges beyond our shores.

We need to end the threat of nuclear weapons once and for all. We cannot tell others they cannot have these weapons when we possess them ourselves. That is why I am urging Congress to expedite the process of global nuclear disarmament by funding new diplomatic initiative that would eliminate all nuclear weapons and the means to produce them by 2020, the same year we complete our phase-out of nuclear power plants.

My first duty as Commander-in-Chief is to be sure that the men and women we have placed in harms way can safely return home when the airlines no longer have fuel to fly and the ships that sail are too few to transport hundreds of thousands of troops back to home shores. For that reason, I am ordering a gradual drawdown of military forces stationed abroad and a phased closure of our military bases overseas. We will return Kiev to the popular vote of all Ukrainians, without manipulating the election. We will return the Guantánamo Naval Base to Cuba. We will return Okinawa to Japan. We will return Pearl Harbor to the people of Hawai'i.  We will divest and boycott Israel and insist on legal proceedings by the International Criminal Court for war crimes and atrocities against Palestinians.

We will release all of those uncharged and unjustly held for 13 years at Guantánamo for nothing more serious than being in the wrong place at the wrong time or having the wrong name, and many of them tortured with no possible justification. Tonight I am asking Congress to provide these victims reparations to establish them in life better than when they were when they were taken to Cuba, with our sincere but always inadequate apologies for what happened to them.

defend the United States of America. In doing so, The question is not whether America leads in the world, but how. When we make rash decisions, reacting to the headlines instead of using our heads; when the first response to a challenge is to send in our military – then we risk getting drawn into unnecessary conflicts, and neglect the broader strategy we need for a safer, more prosperous world. That's what our enemies want us to do. In the 21st century less is more. We will do greater good by staying away from conflict.

As John Adams said,
"America is a friend of freedom everywhere, but a custodian only of our own."
I believe in a smarter kind of American leadership. We lead best when we combine military power with strong diplomacy that comes only of moral force, something we seemed to have forgotten in these past 15 years. ; when we leverage our power with coalition building; when we don't let our fears blind us to the opportunities that this new century presents. That's exactly what we're doing right now – and around the globe, it is making a difference. What is a terrorist? Is only someone of a different faith than our own who seeks to impose their habits on us? Or is it the young, gum-chewing Air Force specialist sitting in a cubicle in Las Vegas holding a gamer's joystick, unleashing a Hellfire missile to destroy, without any warning, a childrens' school in Pakistan? Is an Arab child seeking revenge for the squalid internment camps and CIA black sites by blowing up an airplane or a sporting event, or is it the Tuesday morning meetings in the War Room of the White House selecting targets for assassination, regardless of whether they are our own citizens, or even correctly identified as threats?

First, we stand united with people around the world who have been targeted by terrorists – from a those children at school in Pakistan who were blown up by that Hellfire Missile to the streets of Boston or Paris. We will continue to hunt down terrorists and dismantle their our own terror networks, and we will do our best to reclaim our moral compass. reserve the right to act unilaterally, as we've done relentlessly since I took office to take out terrorists who pose a direct threat to us and our allies.

At the same time, we've learned some costly lessons over the last thirteen years... That's how America leads – not with bluster, but with persistent, steady resolve.

In Cuba, we are ending a policy that was long past its expiration date. When what you're doing doesn't work for fifty years, it's time to try something new. Our shift in Cuba policy has the potential to end a legacy of mistrust in our hemisphere; removes a phony excuse for restrictions in Cuba; stands up for democratic values; and extends the hand of friendship to the Cuban people. And this year, Congress should begin the work of ending the embargo. As His Holiness, Pope Francis, has said, diplomacy is the work of "small steps." These small steps have added up to new hope for the future in Cuba. And after years in prison, we're overjoyed that Alan Gross is back where he belongs. Welcome home, Alan.

Our diplomacy is at work with respect to Iran, where, for the first time in a decade, we've halted the progress of its nuclear program and reduced its stockpile of nuclear material. Between now and this spring, we have a chance to negotiate a comprehensive agreement that prevents a nuclear-armed Iran; secures America and our allies – including Israel; while avoiding yet another Middle East conflict. There are no guarantees that negotiations will succeed, and I keep all options on the table to prevent a nuclear Iran. But new sanctions urged by AIPAC and the Israeli government passed by this Congress, at this moment in time, will all but guarantee that diplomacy fails – alienating America from its allies; and ensuring that Iran starts up its nuclear program again. It doesn't make sense. That is why I will veto any new sanctions bill that threatens to undo this progress. The American people expect us to only go to war as a last resort, and I intend to stay true to that wisdom.

Third, we're looking beyond the issues that have consumed us in the past to shape the coming century.

No foreign nation, no hacker ... unleashed untold opportunities for people around the globe.

In West Africa, our troops, our scientists, our doctors, our nurses and healthcare workers are rolling back Ebola – saving countless lives and stopping the spread of disease. I couldn't be prouder of them, and I thank this Congress for your bipartisan support of their efforts. But the job is not yet done – and the world needs to use this lesson to build a more effective global effort to prevent the spread of future pandemics, invest in smart development, and eradicate extreme poverty.

In the Asia Pacific, we are modernizing alliances while making sure that other nations play by the rules – in how they trade, how they resolve maritime disputes, and how they participate in meeting common international challenges like nonproliferation and disaster relief. And no challenge – no challenge – poses a greater threat to future generations than climate change.

2014 was the planet's warmest year on record. Now, one year doesn't make a trend, but this does – 14 of the 15 warmest years on record have all fallen in the first 15 years of this century.

I've heard some folks try to dodge the evidence by saying they're not scientists; that we don't have enough information to act. Well, I'm not a scientist, either. But you know what – I know a lot of really good scientists at NASA, and NOAA, and at our major universities. The best scientists in the world are all telling us that our activities are changing the climate, and if we do not act forcefully, we'll continue to see rising oceans, longer, hotter heat waves, dangerous droughts and floods, and massive disruptions that can trigger greater migration, conflict, and hunger around the globe. The Pentagon says that climate change poses immediate risks to our national security. We should act like it.

That's why, over the past six years, we've done more than ever before to combat climate change, from the way we produce energy, to the way we use it. That's why we've set aside more public lands and waters than any administration in history. And that's why I will not let this Congress endanger the health of our children by turning back the clock on our efforts. I am determined to make sure American leadership drives international action. In Beijing, we made an historic announcement – the United States will double the pace at which we cut carbon pollution, and China committed, for the first time, to limiting their emissions. And because the world's two largest economies came together, other nations are now stepping up, and offering hope that, this year, the world will finally reach an agreement to protect the one planet we've got.

But to combat climate change at this point in time, after all the years of delay, will require more than cutting emissions. We will need to launch an effort to net sequester more carbon than we emit, but putting it into our soils and returning American soils to some of the most fertile on the planet.

There's one last pillar to our leadership – and that's the example of our values.

As Americans, we respect human dignity, even when we're threatened, which is why I've prohibited torture, and worked to make sure our use of new technology like drones is properly constrained. It's why we speak out against the deplorable anti-Semitism that has resurfaced in certain parts of the world. It's why we continue to reject offensive stereotypes of Muslims – the vast majority of whom share our commitment to peace. That's why we defend free speech, and advocate for political prisoners, and condemn the persecution of women, or religious minorities, or people who are lesbian, gay, bisexual, or transgender. We do these things not only because they're right, but because they make us safer.

As Americans, we have a profound commitment to justice – so it makes no sense to spend three million dollars per prisoner to keep open a prison that the world condemns and terrorists use to recruit. Since I've been President, we've worked responsibly to cut the population of GTMO in half. Now it's time to finish the job. And I will not relent in my determination to shut it down and give that land back to Cuba. It's not who we are.

As Americans, we cherish our civil liberties – and we need to uphold that commitment if we want maximum cooperation from other countries and industry in our fight against terrorist networks. So while some have moved on from the debates over our surveillance programs, I haven't. As promised, our intelligence agencies have worked hard, with the recommendations of privacy advocates, to increase transparency and build more safeguards against potential abuse. And next month, we'll issue a report on how we're keeping our promise to keep our country safe while strengthening privacy.

Looking to the future instead of the past. Making sure we match our power with diplomacy, and use force wisely. Building coalitions to meet new challenges and opportunities. Leading – always – with the example of our values. That's what makes us exceptional. That's what keeps us strong. And that's why we must keep striving to hold ourselves to the highest of standards – our own.

You know, just over a decade ago, I gave a speech in Boston where I said there wasn't a liberal America, or a conservative America ...  I've seen something like gay marriage go from a wedge issue used to drive us apart to a story of freedom across our country, a civil right now legal in states that seven in ten Americans call home.

So I know the good, and optimistic, and big-hearted generosity of the American people who, every day, live the idea that we are our brother's keeper, and our sister's keeper. And I know they expect those of us who serve here to set a better example.

So the question for those of us here tonight is how we, all of us, can better reflect America's hopes. I've served in Congress with many of you. I know many of you well. There are a lot of good people here, on both sides of the aisle. And many of you have told me that this isn't what you signed up for – arguing past each other on cable shows, the constant fundraising, always looking over your shoulder at how the base will react to every decision.

Imagine if we broke out of these tired old patterns. Imagine if we did something different.

Understand – a better politics isn't one where Democrats abandon their agenda or Republicans simply embrace mine.

A better politics is one where we appeal to each other's basic decency instead of our basest fears.

A better politics is one where we debate without demonizing each other; where we talk issues, and values, and principles, and facts, rather than "gotcha" moments, or trivial gaffes, or fake controversies that have nothing to do with people's daily lives.

A better politics is one where we spend less time drowning in dark money for ads that pull us into the gutter, and spend more time lifting young people up, with a sense of purpose and possibility, and asking them to join in the great mission of building America.

If we're going to have arguments, let's have arguments – but let's make them debates worthy of this body and worthy of this country.

We still may not agree on a woman's right to choose, but surely we can agree it's a good thing that teen pregnancies and abortions are nearing all-time lows, and that every woman should have access to the health care she needs.

Yes, passions still fly on immigration, but surely we can all see something of ourselves in the striving young student, and agree that no one benefits when a hardworking mom is snatched from her child, and that it's possible to shape a law that upholds our tradition as a nation of laws and a nation of immigrants. I've talked to Republicans and Democrats about that. That's something we can share.

We may go at it in campaign season, but surely we can agree that the right to vote is sacred; that it's being denied to too many; and that, on this 50th anniversary of the great march from Selma to Montgomery and the passage of the Voting Rights Act, we can come together, Democrats and Republicans, to make voting easier for every single American.

We may have different takes on the events of Ferguson and New York. But surely we can understand a father who fears his son can't walk home without being harassed. Surely we can understand the wife who won't rest until the police officer she married walks through the front door at the end of his shift. Surely we can agree it's a good thing that for the first time in 40 years, the crime rate and the incarceration rate have come down together, and use that as a starting point for Democrats and Republicans, community leaders and law enforcement, to reform America's criminal justice system so that it protects and serves all of us. Am I right, Shirley?

That's a better politics. That's how we start rebuilding trust. That's how we move this country forward. That's what the American people want. That's what they deserve.

I have no more campaigns to run. (applause) My only agenda (laughter) -- I know becuase I won both of them (applause). My only agenda for the next two years is the same as the one I've had since the day I swore an oath on the steps of this Capitol – to do what I believe is best for America. If you share the broad vision I outlined tonight, join me in the work at hand. If you disagree with parts of it, I hope you'll at least work with me where you do agree. And I commit to every Republican here tonight that I will not only seek out your ideas, I will seek to work with you to make this country stronger.

Because I want this chamber, I want this city, to reflect the truth – that for all our blind spots and shortcomings, we are a people with the strength and generosity of spirit to bridge divides, to unite in common effort, to help our neighbors, whether down the street or on the other side of the world.

I want our actions to tell every child, in every neighborhood: your life matters, and we are as committed to improving your life chances as we are to working on behalf of  for our own kids.

I want future generations to know that we are a people who see our differences as a great gift, that we are a people who value the dignity and worth of every citizen – man and woman, young and old, black and white, Latino, Asian, immigrant, Native American, gay, straight, Americans with mental illness or physical disability. Everybody matters.

I want them to grow up in a country that shows the world what we still know to be true: that we are still more than a collection of red states and blue states; that we are the United States of America.

I want them to grow up in a country where a young mom like Rebekah can sit down and write a letter to her President with a story to sum up these past six years:

"It is amazing what you can bounce back from when you have to...we are a strong, tight-knit family who has made it through some very, very hard times."


My fellow Americans, we too are a strong, tight-knit family. We, too, have made it through some hard times. Fifteen years into this new century, we have picked ourselves up, dusted ourselves off, and begun again the work of remaking America. We've laid a new foundation. A brighter future is ours to write. Let's begin this new chapter – together – and let's start the work right now.

Thank you, God bless you.  God bless this country we love. Thank you. (Applause)










 

Sunday, January 18, 2015

One Nuke, One Nation



People will realize nuclear power stations take up to ten years to build…. The poor will not be able to afford the investment or the fuel. Exploration and exploitation of oil and gas will become completely frenzied.

- Petroleum geologist Dr. Colin Campbell, March 2002.
Bill McKibben offers a bit of a mea culpa without specifics when he says, in Eaarth (2010), that he winces a bit when he reads what he wrote as a much younger man in The End of Nature (1989). Perhaps he is referring to his writing style, but that has changed very little. More likely he refers to his praise in End of Nature for nuclear energy and genetic engineering, which he said would be okay if we can just allow ourselves to tolerate the risks.


At the same time The End of Nature was published, our own less noticed Climate in Crisis pulled no punches where nukes or gene splicing were concerned. Of genetic engineering we wrote:

"Circumventing this ancient breeding barrier in the laboratory opens a door into a realm we have never previously entered. It is almost as foreign as if the laws of gravity and magnetism were suddenly suspended. For a brief moment in time we inhabit a different world. But we should ask: Is it a better world? Is it sustainable?"

Of nuclear power, we wrote:

 "One Chernobyl-scale accident every ten years is an inevitable consequence of light-water reactors in the hands of light-headed men. Inevitable. Even without accidents, some 250 radioactive isotopes are released into the environment by the fissioning of uranium fuels. These invisible radionuclides are inhaled, ingested, swallowed, absorbed, and passed around the biological domain we inhabit. Cancers and birth defects, diseases of the immune system, and general increases in the ill health of populations living near nuclear reactors and nuclear waste dumps are steadily increasing as the pollution from commercial fission spreads."

Every now and then it is useful to look at what these so-called advances of science have wrought. We can pass over genetic modification for the moment because it has really done little more than boost the bottom line for herbicide manufacturers and Big Pharma laboratories without providing any of the revolutionary products Bill McKibben promised it would, and nuclear power is random, compulsory, non-consensual genetic engineering in any event.

Take, for instance, this report just in from Tokyo Electric Power Company (TEPCO) January 12, 2015 (Google Translation):

For pumping water groundwater observation hole No.1-12 taken on January 12, cesium 134, cesium 137, cobalt 60 and total beta value is higher as compared with the previous value, the maximum value previously is detected.

Cesium-134: 140 Bq/L [~7,500% above Jan. 5 level; new record high]
Cesium-137: 470 Bq/L [~7,500% above Jan. 5 level; new record high]
Cobalt-60: 1.9 Bq/L [Quadruple previous record high set in 2013]
β (all beta): 15,000 Bq/L [~6,000% above Jan. 8 level; ~1,300% above previous record high]

Tepco's observation hole number 1-12 is near the Fukushima Unit 2 trench that channels the thousands of tons of highly radioactive water that keep gushing out of the melted core as rains push groundwater through and rising seas lap at the crumbling seawall.  Tepco is attempting to seal the trench, but has failed repeatedly.

After touring the facility, on December 14th, Dr. Steve Elwart, an engineer and expert for US Dept. of Homeland Security, reported:

With most of the media silent about the cleanup, the public may think the worst is over. Nothing could be further from the truth… [Radioactive water is] leaking out into the ocean, allowing it to spread… around the world through ocean currents [and this has] prompted grave concerns over the impact on sea life in the area and around the world. [Officials] decided to build an “ice wall” around the reactor site… TEPCO conceded defeat and announced the efforts to construct the plug failed… As if things couldn’t get worse, less than two months ago, TEPCO once again came out with an announcement that it was having problems with the ice wall [and] was going to cease operations on the ice wall and pour cement… TEPCO President Naomi Hirose stated officials “will never give up” on the wall… debate continues over how to stop water from leaking into the ocean… outright failures continue to plague the Fukushima cleanup efforts.

After spending much of December pouring cement into underground tunnels to stop the water inflow, officials reported to Japan's Nuclear Authority that when they pumped water up from one of the pits, the water level at another pit changed. That suggests that gaps exist in the concrete-filled tunnels. The water is believed to be leaking in from the ground and out to the sea. Worse, now that the tunnels have been filled with concrete, they cannot be excavated to staunch the flow.

Tepco has been employing impoverished farmers and shopkeepers in the region as "jumpers," administering the maximum allowable dose among ever expanding numbers of Japanese men and women of childbearing age before discharging and replacing them with fresh atomfodder. While it could be conceivable that some method could be employed to jackhammer the December concrete pour for a do-over, Tepco is not going there, yet.

February 9, 2014:  TV: Fukushima underground dam not working, radiation levels now exceeding gov’t limit near shore — Tepco Official: “The flow of contaminated water into ocean is causing problems… It’s quite difficult to stop” (VIDEO)

November 14, 2014:  TV: Attempt to stop flow of highly radioactive liquid at Fukushima “in doubt” — AP: Much of it is pouring in trenches going out into Pacific — Experts: Amount entering ocean “increasing by 400 tons daily” — Problem “so severe” it’s consuming nearly all workers at site — Top Plant Official: “Little cause for optimism” (VIDEO)

November 23, 2014: Officials have “admitted failure” at Fukushima plant — Giving up on attempts “to prevent highly contaminated water from pouring into ocean” — Regulator asks “What was all the trouble over the past months for?” — Gov’t experts worried cement barrier is going to crack (VIDEO)

December 3, 2013: TV: All-time high radiation level in well at Fukushima plant 40 meters from Pacific — 1.1 billion Bq/m³ of strontium-90, other beta emitters — “Feared highly contaminated water leaking into ground” and being allowed to flow into sea (VIDEO)

May 21, 2014:  Risk of “disturbing crust” around Fukushima reactors from plan to reduce amount of groundwater — Nuclear Officials: Land could start ‘sinking’ — WSJ: Changing water flow may cause highly contaminated leak.

From an older documentary featuring radiation experts (at 6:30 in):

Dr. Alice Stewart, physician and epidemiologist: All recommendations say one big hit is more dangerous than just a little one… It’s the basis of the control of nuclear waste — if you dilute it enough, it will be safe. Well, we say dilute it and it will add to the dangers.

Jan van de Putte, radiation safety specialist: There’s a philosophy called the dilution philosophy, which means if you dilute something, then it doesn’t give any harm. But with all the knowledge we have today, we must say radiation is inducing health damage regardless of how little the doses of are. If you dilute radiation… all the health effects will only be more widely distributed. This is the only effect of this dilution philosophy.

Dr. Richard Piccioni, biophysicist: Whether you have put it all in one place or have spread it out, the total irradiation of human beings… is the same. In fact if what some researchers like Dr. Stewart are saying is true, it will be even worse.

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The Japanese government, demonstrating spectacular ignorance for a nation that was atomic power's first guinea pig, at first insisted that TEPCO "clean up" the water flowing from emergency pumps into newly constructed tank farms. You know, use some floral pink detergent or something. Scrub, rinse, repeat.

In November 2013, a meeting was held of a “task force for a high performance multi-nuclide removal system” (aka ALPS). But apparently the site tests for TEPCO's ALPS system didn’t go as expected. The "ionizing" radioactive material in the water was thought to exist as individual molecules having a static charge. It seems that the radioactive ions in the water actually exist as “colloids” or clumps of material. Colloidal material is much bigger than ions and quickly plug filters designed to attract charged particles. The meeting concluded the system generates too much waste material, or “slurry,” that is still dangerously radioactive. ALPS only made the problem larger.

March 17, 2014: Record cesium levels at Pacific Ocean sampling location north of Fukushima plant — Spikes to 6,900 Bq/m³ from ‘not detected’ in one day

May 18, 2014: Record-high radiation levels have been observed” Tepco says — Officials: “Cause of seawater spike is unknown”

September 15, 2014: Ocean hits record high for radioactive Strontium at all 6 locations near Fukushima reactors — Levels up to 20 times higher than reported last week — Officials: Contamination from highly radioactive ‘debris’ is seeping into ground and flowing out to sea

October 16, 2014: Record Radiation at Fukushima after Vongfong: First tests since Tuesday’s typhoon show radioactive material continues rising near ocean — Officials: We can’t do anything more to stop this, ‘depth and scope’ of contamination flowing out are unknown
Meanwhile The New York Times reported on January 16 that the oceans were already dying, even before the billions of gallons of radioactive water started spewing from Fukushima into the Pacific current.

Coral reefs have declined by 40 percent worldwide, partly as a result of climate-change-driven warming. The paper reported separately the same day that 2014 is now officially the warmest year on record.

Some fish are migrating to cooler waters already. Black sea bass, once most common off the coast of Virginia, have moved up to New Jersey. Less fortunate species may not be able to find new ranges. At the same time, carbon emissions are altering the chemistry of seawater, making it more acidic.

“If you cranked up the aquarium heater and dumped some acid in the water, your fish would not be very happy,” Malin L. Pinsky, a marine biologist at Rutgers University, said. “In effect, that’s what we’re doing to the oceans.”

Fragile ecosystems like mangroves are being replaced by fish farms, which are projected to provide most of the fish we consume within 20 years. Bottom trawlers scraping large nets across the sea floor have already affected 20 million square miles of ocean, turning parts of the continental shelf to rubble.

 “We may be sitting on a precipice of a major extinction event,” said Douglas J. McCauley, an ecologist at the University of California, Santa Barbara, and an author of the new research, which was published on Thursday in the journal Science.

Comparing patterns of terrestrial and marine defaunation helps to place human impacts on marine fauna in context …. [It] began in earnest tens of thousands of years later in the oceans than it did on land…. Despite our late start, humans have already powerfully changed virtually all major marine ecosystems.

While we cannot yet epidemiologically connect the dots, on Jan 10th the Orange County Register tweeted:

8 sea lions rescued in OC in just over a week; number mystifies officials.

It’s not normal for eight sea lions to need rescuing in just over a week — especially at this time of year. But that’s exactly what has happened… six were pups and yearlings… [one] only 21 pounds, and [another] 23 pounds… [Experts don't] know why it’s happening.

Related tweets:

ABC 7′s Greg Lee, Jan 12, 2015: Sad, sad photo: Huge increase in rescued #sealions across CA.

ABC Los Angeles, Jan 12, 2015: News at 5: a big increase in the number of stranded sea lions being rescued… Some of them very seriously ill… nearly a dozen sea lions at the Pacific Marine Mammal Center. Baby sea lions in very bad shape.

Kirsten Sedlick, PMMC supervisor: Since January 1st, we’ve had 11 stranded California sea lions; last January we had 4 total [On pace for 30 in January, over 7 times last year's total]… They are extremely emaciated; we’ve noticed there’s been a high parasite infestation in them as well and some upper respiratory infections.

NBC Los Angeles: Jan 12, 2015: What’s making these sea lions so sick?… Experts say this is a year they are concerned about a UME… an unusual mortality event. … If this rate of 2.22/day continues, January’s total will be ~70 — over 5 times Jan 2014. At the Marine Mammal Center in the Bay Area, 15 patients died in just over a month at the end of 2014. The previous year saw one death in the same period.

Also:

UC Berkeley Nuclear Professor: California seeing Fukushima fallout won’t be a surprise — ‘Especially concerned’ after radioactive leaks at plant were admitted — “I’m not terribly confident in information Japan is sharing”. January 19, 2014

UC Berkeley Nuclear Prof.: My wife’s “very concerned” about Fukushima impact in U.S., my children are also concerned, as is public… I am too — His ‘Kelp Watch’ Co-founder: “We’d all be better off if this material didn’t exist and wasn’t coming over, but… nothing we can do about it” (AUDIO) February 6, 2014

NBC: Record level of sick or injured California seals and sea lions turning up — “The numbers are extraordinary” — “Scientists worried… The worst kind of perfect storm” — Pups should be weighing 2 or 3 times as much, “severely malnourished” (VIDEO) April 18, 2014

CBS San Francisco: Record number of sick seals & sea lions — Doctor: A lot with “large pockets of green and yellow puss all over their body.” April 20, 2014

TV: Over 50 dead seals, sea lions, whales, walrus recently stranded in Alaska — Dozens of seals suffering from baldness, skin sores — Experts: “Marine transported Fukushima radionuclides… may represent a new stressor to ecosystem” May 6, 2014

TV: Huge increase in dead and sick sea mammals on California coast — Unprecedented numbers, annual record broken in 7 months — Starving, drooling, brain damaged, suffering seizures — Sea lions ‘mysteriously’ vanishing on other side of Pacific — Experts: We don’t know what’s happening (VIDEO). August 3, 2014

TV: “Surge in marine mammal strandings” on US West Coast — Scientists: “This is very weird”; “My biggest fear is if this… is everywhere” along coast — Whales, dolphins, sea lions, birds recently washing up in large numbers — Many thousands likely dead — Violent seizures shown on news (VIDEO) August 30, 2014

Does anyone still think any nation should be lurching headlong to a nuclear powered future?

And yet, China plans to expand atomic capacity threefold by 2020 with more than 5 gigawatts of added capacity, Shen Lixin, deputy secretary general of the Chinese Nuclear Society,  said in Beijing January 15. China has 22 reactors in operation and another 26 under construction. Atomic energy now accounts for just 2 percent of the country’s total power generation, according to IEA estimates.

Asia has 47 reactors under construction and a further 142 forecast by 2030, according to the World Nuclear Association. Asian investment in nuclear projects could reach $781 billion even before cost overruns.

All this, while nearby, lonely little Japan has yet to grasp what few outside will say, that Fukushima was a bullet to its abdomen, and while the process of death is slow, it is certain.

The first symptoms came in the Tokyo markets that sold products from Fukushima – sake, rice and fish, for instance. Those accustomed to seeing products from that region noted their disappearance, and for many it was just as well, because they had already stopped buying them.

Then China, Indonesia, South Korea and Thailand started to test food imported from Japan for radiation, and the European Union recommended that its member countries do the same. Manufacturers began sweeping cars waiting for oversea shipment, knowing they would be tested on arrival at their destinations.

In the US, EPA and FDA were forced to cut radiation checks at the insistence of Hillary Clinton's State Department, which stepped into to protect Japanese exports. Responding to critics, FDA said, “based on current information, there is no risk to the U.S. food supply.” Japan accounts for 4 percent of American food imports.

Pre-Fuke, Japan had the world's third largest economy. Today Japan is synonymous with stagflation, used as a cautionary tale to other economies — warning where they might be headed unless they act with either Keynesian stimulus packages or extreme austerity, or perhaps, like Switzerland, keep one foot mashing the accelerator and the other desperately pounding the brake.

The government's response to Fukushima has been to throw money at Tepco. Japanese people hold about 90 percent of the government's debt, yet the yield on the 10-year bond is less than 1 percent. Bondholders' faith in this government non-strategy is Japan's only finger in the dam. Pensioners are making no money but are willing to hold on out of patriotism.

"We find that the amount of government debt will exceed the private sector financial assets available for the government debt purchase in the next 10 years or so," wrote economist Takeo Hoshi in the journal Economic Policy.

Japan is an aging society, and its household savings rate will inevitably decline, placing pressure on government bond issues. As the crisis wears on, the post-war baby-boomers are using more savings to live on, and the working-age population is in decline by 8 percent, halving every 9 years.

Of course, this says nothing about the health care impact when the radiation-induced cancers and genetic effects come home to roost after latent periods of 15, 20 and 30 years. The Japanese have seen this pattern before, but are slow to recognize they have just had it done to them again, only five to five-hundred times worse.

Figures for 2012 put Japan's net debt-to-GDP ratio at about 134 percent. By comparison, the United States is at 87 percent and the United Kingdom is at 82 percent. Japan's debt ratio is higher than southern European countries. Greece eventually defaulted on its debts when the net debt-to-GDP ratio reached 150 percent.

The International Monetary Fund estimates that without a substantial adjustment, Japan's net debt-to-GDP ratio will exceed 200 percent by 2023. "Japan's fiscal situation is not sustainable," Hoshi says.

One need only look back to the nuclear accident that occurred on 26 April 1986 at the Chernobyl Nuclear Power Plant in Ukraine. During the accident 31 heroic but foolhardy Ukrainian jumpers perished and long-term effects such as cancers are estimated to run to the tens of millions, with 985,000 already reported prior to 2004 by the Annals of the New York Academy of Sciences.  The Chernobyl accident was relatively quickly followed by the dissolution of the Soviet Union, no coincidence in our opinion.

A similar result could come from meltdown of the reactors upwind of New York City, Washington DC, Paris, London, Delhi, Madrid, Capetown or any number of other locations.

One bomb, one city, was what Pentagon brass said jubilantly after Hiroshima and Nagasaki. Now the slogan could be one nuke, one nation.

 

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