• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ivory Bill Woodpecke… on Trump says he’s been indi…
    William on Trump says he’s been indi…
    Ivory Bill Woodpecke… on Trump says he’s been indi…
    Propertius on Trump says he’s been indi…
    Propertius on Trump says he’s been indi…
    Propertius on “Why should you go to jail for…
    Propertius on “Why should you go to jail for…
    thewizardofroz on Trump says he’s been indi…
    Ivory Bill Woodpecke… on “Why should you go to jail for…
    riverdaughter on “Why should you go to jail for…
    Ivory Bill Woodpecke… on “Why should you go to jail for…
    Ivory Bill Woodpecke… on “Why should you go to jail for…
    Ivory Bill Woodpecke… on “Why should you go to jail for…
    campskunk on Ping me when there’s news
    William on D-Day -1
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton cocktails Conflucians Say Dailykos Democratic Party Democrats Digby DNC Donald Trump Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean John Edwards John McCain Jon Corzine Karl Rove Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare OccupyWallStreet occupy wall street Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    June 2023
    S M T W T F S
     123
    45678910
    11121314151617
    18192021222324
    252627282930  
  • RSS Paul Krugman: Conscience of a Liberal

    • An error has occurred; the feed is probably down. Try again later.
  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

  • Top Posts

Thursday: Stating the Obvious

I was flipping through channels last night, trying very carefully to avoid broadcast news, when my low battery powered remote got stuck on PBS during the NewsHour.  There was Judy Woodruff interviewing Pete Domenici and Alice Rivlin about their (yet another) budget deficit reduction plan.  This one is just another version of “stick it to the middle class” that has become the popular fad in Washington these days.  In this one, we get a sales tax!  Ooo, it’s like opening a new present every morning.

But what was funny about this interview was not their earnest but misguided assertion that if we, the naively childish middle class voters of America, would just understand what the problem is, we would thank them for bringing it to our attention before things got really bad.  It wasn’t the magical rearranging of the debt burden saddling us while the rich get away with murder with (yet another) income tax cut.  It’s not that these bipartisan groups to which no one WE know were invited to participate in keep coming up with new ways to screw us.  No, it was Domenici forgetting where he was.  Literally:

ALICE RIVLIN: We got a surplus. We both worked on that.

And we got the budget from a considerable deficit into surplus. And the way it was done was some tax increase and holding down spending. The caps on spending are the same idea that we had back in the ’90s. And it worked. It worked. Yes, it worked.

PETE DOMENICI: I want to say this one thing about this. And, as far as I’m concerned — tell me what I’m talking about, because I have forgotten.

JUDY WOODRUFF: About whether you believe that this will actually be solved, that the members of Congress will vote…

PETE DOMENICI: Oh. Yes. We were able to — we were able — we were able to do bipartisan work and get some big problems solved. [RD hides head in hands from embarrassment] This problem is many, many more times difficult for America. We’re going to be ruined as a nation and become a second-rate country if this debt is allowed to continue like it is.

So, we have a bigger, a more just reason to convince people. We convinced them then to work together. We ought to be able to now. It won’t be easy, but I believe leadership, including leadership from the president, is going to make this a war, a war on this debt. And, if we do that, we might win.

Well, I’m confident now.

(Ok, maybe I was too hasty.  Pete Domenici apparently suffers from a brain disorder that leads to Republicanism dementia.  My remarks might be misconstrued as a bit insensitive.  However, with that in mind, Domenici probably was not the best person to work on this committee or present it on TV.  It tends to make me not take this bipartisan task force very seriously)

By the way, Washington, the next time you want to set up (yet another) bipartisan group thingy to examine the deficit, I suggest you go through the formal route and have Congress do it so the people’s representatives, some of whom may be liberal Democrats (we’re not positive but some claim to lean that way) have some semblence of having the teeniest, tiniest input.  Otherwise, it doesn’t look legitimate to us and we will probably not “understand” and will be harder to “convince”.  JMHO

Paul Krugman weighs in on a national sales tax with some graphs to back it up but I’m with Atrios on this one.  (come to think of it, I’m in agreement with a lot of what Atrios wants like better urban planning and mass transit. If Obama hadn’t destroyed the left blogosphere, we might even be allies.  Go figure.)  The deficit hawks aren’t giving us any choices to reduce the deficit except on the backs of the middle class and I’m agin it until they do.

Accountability before Austerity

But I could think of at least one way to boost the nation’s economy in a big way that got taken down by Ben Nelson of Nebraska yesterday…

Join me below the fold…

Continue reading

Accountability before Austerity: Talk to the Hand

Collaborators

I have a theory about the so-called Deficit Reduction Commission’s “proposals”, but I’ll get to that in a minute.

Yesterday, I found this link from USAToday in Paul Krugman’s Mush from the Wimp post at Conscience of a Liberal: Obama to Congress: Stop Shooting Down Deficit Proposals. In it, Obama is lecturing Congress to get on board:

[Barack Obama] said lawmakers in the United States should hold off on comments about his fiscal commission’s proposals to slash the federal budget deficit through spending cuts, ending tax breaks, and a revamping of the Social Security system.

“Before anybody starts shooting down proposals, I think we need to listen, we need to gather up all the facts,” Obama told reporters.

He added: “If people are, in fact, concerned about spending, debt, deficits and the future of our country, then they’re going to need to be armed with the information about the kinds of choices that are going to be involved, and we can’t just engage in political rhetoric.”

[…]

“We’re going to take it out on senior citizens?” said Rep. Jan Schakowsky, D-Ill., one of Pelosi’s appointees to the deficit reduction panel. “I am virulently against that proposal.”

At a news conference in Seoul, Obama said he opposes special spending projects known as earmarks, and wants to eliminate waste from the federal budget — but those alone won’t come close to cutting the national debt now pegged at $13.7 trillion.

“We’re going to have to make some tough choices,” Obama said. “The only way to make those tough choices historically has been if both parties are willing to move forward together.”

This is so bad it’s not even wrong. Continue reading