• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Mr Mike on What I want to hear from Hilla…
    Ga6thDem on What I want to hear from Hilla…
    Propertius on What I want to hear from Hilla…
    Propertius on What I want to hear from Hilla…
    GSW on What I want to hear from Hilla…
    r u reddy on What I want to hear from Hilla…
    abc on What I want to hear from Hilla…
    katiebird on What I want to hear from Hilla…
    Monster from the Id on What I want to hear from Hilla…
    ProNewerDeal on What I want to hear from Hilla…
    CateP on What I want to hear from Hilla…
    Mr Mike on What I want to hear from Hilla…
    Ga6thDem on What I want to hear from Hilla…
    Monster from the Id on What I want to hear from Hilla…
    r u reddy on What I want to hear from Hilla…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama big pharma Bill Clinton Chris Christie cocktails Conflucians Say Dailykos 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 Joe Biden 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 research Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Texas Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    April 2015
    S M T W T F S
    « Mar    
     1234
    567891011
    12131415161718
    19202122232425
    2627282930  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • John Edwards
      (Back to the top because people still don’t understand this.) His trial has been declared a mistrial. The personal is not the political. His wife seemed like a good person, but I could care less. FDR cheated on his wife. JFK screwed hookers in the White House pool while married. The facts about John Edwards [...]
  • 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 506 other followers