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Erskine Bowles Appointment would be Betrayal


By thunderlips11   Follow   Mon, 12 Nov 2012, 8:29am   248 views   3 comments
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He will turn the "National Commission on Fiscal Responsibility" into the "Catfood Commission".

Erskine Bowles? The man who, charged with producing a deficit-reduction plan, decided that a key feature of this plan should be … cuts in marginal tax rates on high incomes? The man who warned, in dire terms, of a looming fiscal crisis, with soaring US borrowing costs, within two years — almost two years ago? Just for the record, here’s how it’s going:

http://krugman.blogs.nytimes.com/2012/11/08/deficit-hawks-down-please/

Krugman makes an excellent case about "Deficit Scolds" and how disingenuous they are - calling for lower taxes while cutting the prepaid national annuities of Medicare and Social Security.

Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds convinced most of our political class that deficits rather than jobs should be our top economic priority. And now that the election is over, they’re trying to pick up where they left off.

They should be told to go away.

It’s not just the fact that the deficit scolds have been wrong about everything so far. Recent events have also demonstrated clearly what was already apparent to careful observers: the deficit-scold movement was never really about the deficit. Instead, it was about using deficit fears to shred the social safety net. And letting that happen wouldn’t just be bad policy; it would be a betrayal of the Americans who just re-elected a health-reformer president and voted in some of the most progressive senators ever.

About the hypocrisy of the hawks: as I said, it has been evident for years. Consider the early-2011 award for “fiscal responsibility” that three of the leading deficit-scold organizations gave to none other than Paul Ryan. Then as now, Mr. Ryan’s alleged plans to reduce the deficit were obvious flimflam, since he was proposing huge tax cuts for the wealthy and corporations while refusing to specify how these cuts would be offset. But in the eyes of the deficit scolds, his plan to dismantle Medicare and his savage cuts to Medicaid apparently qualified him as a fiscal icon.

If the President nominates Erskine Bowles, it is time for the Democratic Party to purge their DINOs.

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  1. Bellingham Bill


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    1   9:38am Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    thunderlips11 says

    it is time for the Democratic Party to purge their DINOs.

    Impeaching Obama? We just elected him, LOL.

    Erskine Bowles as Treasury would probably be worse for me, personally, than a Romney win, since I'm right in his sights of higher taxes and lower benefits.

    Romney would have also cut stuff, but hopefully that would come with lower taxes to make up for it.

  2. thunderlips11


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    2   12:36pm Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    I'm not referring to impeaching the President; but rather sending a message. While it makes sense to have blue dogs in Purple States, there is no excuse for neoliberals in solidly blue states to retain their seats. A safe seat is a great place for a Primary that results in an Upset, since whomever the Dem nominee is will likely win. It will send a message to the permaconciliatory/neoliberal wing when one of their longstanding members is replaced by a more mainstream Democrat.

    It's okay for a party to make concessions with the other party to get something done.

    It's another thing when the leader of a party makes a powerful appointment that goes against the wishes of the majority of those who elected them; a breach of Faith.

  3. Bellingham Bill


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    3   1:17pm Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    thunderlips11 says

    It's another thing when the leader of a party makes a powerful appointment that goes against the wishes of the majority of those who elected them; a breach of Faith.

    yes, the BS commission was an own-goal when he made the appointments.

    Putting that mofo at the center of things would be an immense sign of bad-faith, but I have to see what happens anyway, since politics is so much BS

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