• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    Ivory Bill Woodpecke… on In News: GA SOS thrown under b…
    Ga6thDem on In News: GA SOS thrown under b…
    William on In News: GA SOS thrown under b…
    Ivory Bill Woodpecke… on 73,000,000 of them
    riverdaughter on 73,000,000 of them
    Lady V on 73,000,000 of them
    riverdaughter on Ahhh… breathe deeply
    jmac on Ahhh… breathe deeply
    riverdaughter on Ahhh… breathe deeply
    jmac on Ahhh… breathe deeply
    thewizardofroz on Ahhh… breathe deeply
    William on 73,000,000 of them
    William on Meet the New Team
    riverdaughter on 73,000,000 of them
    William on 73,000,000 of them
  • 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

    November 2020
    S M T W T F S
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

  • RSS Ian Welsh

    • The Flynn Pardon Is The Right Thing To Do + Mishandling Russia
      So, Michael Flynn has been pardoned by Trump. His crime was lying to the FBI about talking to the Russians before Trump was inaugurated. Even a man like Trump can do the right thing occasionally, usually for the wrong reasons. It is entirely reasonable and routine for a President-elect’s advisors to talk to foreign governments. […]
  • Top Posts

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

Thursday Morning: Another “Accountability before Austerity” post.

Paul Krugman was one of the many people who looked at the details of the Deficit Reduction Commission’s proposals and called the writers “Unserious People”:

OK, let’s say goodbye to the deficit commission. If you’re sincerely worried about the US fiscal future — and there’s good reason to be — you don’t propose a plan that involves large cuts in income taxes. Even if those cuts are offset by supposed elimination of tax breaks elsewhere, balancing the budget is hard enough without giving out a lot of goodies — goodies that fairly obviously, even without having the details, would go largely to the very affluent.

I have to agree with Krugman that these proposals are crazy but I am under no illusion that the people who want to avoid paying their obligations to the rest of us are going to pretty much get what they want.  We’ve seen this act before.  It would be a mistake to not take them very, VERY seriously. Continue reading