• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ga6thDem on OMG, get a grip, Michelle
    paper doll on OMG, get a grip, Michelle
    Eddie on The Mystery of Hillary’s…
    paper doll on OMG, get a grip, Michelle
    Ga6thDem on OMG, get a grip, Michelle
    paper doll on The Mystery of Hillary’s…
    riverdaughter on OMG, get a grip, Michelle
    riverdaughter on The Mystery of Hillary’s…
    paper doll on The Mystery of Hillary’s…
    Ga6thDem on OMG, get a grip, Michelle
    riverdaughter on The Mystery of Hillary’s…
    Ga6thDem on The Mystery of Hillary’s…
    paper doll on The Mystery of Hillary’s…
    riverdaughter on The Mystery of Hillary’s…
    Klaus ButtHurt on The Mystery of Hillary’s…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama Bernie Sanders big pharma Bill Clinton Chris Christie cocktails Conflucians Say Dailykos debate Democratic Party Democrats Digby DNC 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 occupy wall street OccupyWallStreet Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    February 2016
    S M T W T F S
    « Jan    
     123456
    78910111213
    14151617181920
    21222324252627
    2829  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • Like Manhattan? If You Don’t Live There Now, You Never Will
      This is what happens to places where the rich want to live, under an oligarchy: Yee-ha! Yeah.  I dunno.  I could write a bunch of stuff, but the chart kind of speaks for itself, doesn’t it? (I am fundraising to determine how much I’ll write this year. If you value my writing, and want more […]
  • Top Posts

And we get?


Anglachel discusses the Catfood Commission’s “disingenuous calls for sacrifice.”

The general criticism of the class bias in how the commission weighted the sacrifices (most for the little people, few for the monied elite) has been done by other commenters, so I’d like to focus on the last, rather amazing sentence in the above quote. The work of the New Deal is delivering value and providing economic security almost a century after it was done. It is an investment that continues to pay out.

Consider that at least 30 of those 80 years have occurred while a political party explicitly opposed to the New Deal has been in power, and that it has been under fire from that same faction since the early 1960s, more than half its life. We’re talking some institutional resilience. When a program provides material benefits to large portions of the population with little overhead and minimal intrusiveness, it’s going to be a winner. This is deep strength of Social Security and Medicare – they deliver. [There’s also the incredible infrastructure investments of the WPA that continue to deliver, but those are less easy to identify as a personal benefit.]

This is why the attacks on them have failed thus far. Main Street can see the benefit these programs deliver. Main Street in this case is not just families, but also small business. Cost efficiencies for business is also a reason why these programs persist. How many small business owners can provide a retiree pension or medical insurance system with the cost efficiency as SS and Medicare, for example? People also see that these New Deal programs are about the only thing still delivering to them in the face of 35 years of continual and deliberate economic degradation


Continue reading

Follow

Get every new post delivered to your Inbox.

Join 559 other followers