The View From 1776

A Left-Of-Center Publication Abhors Obama’s Budget

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  1. This Fiscal Times piece repeats the standard line that reducing the deficit should be the highest priority in our national life - to the seeming exclusion of everything else.

    This single minded focus on the deficit is a fairly recent mania, brought about by the GOP's need to divert the country's attention from the fact that they have no other ideas. As recent as the last administration Dick Cheney famously told former Treasury Secretary Paul O'Neill "deficits don't matter" when he warned of a looming fiscal crisis. O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits posed a threat to the economy. Cheney cut him off.

    "You know, Paul, Reagan proved deficits don't matter," he said.

    Cheney, was not, of course, correct, and deficits do matter. But they are far down the list on a scale of importance, following unemployment and economic activity.

    Fortunately, it appears that Speaker Boehner is agreeing with the White House that the payroll tax cut should be continued to encourage the feeble flames of the recent economic growth spurt - even if it temporarily adds to the deficit.
    Posted by .(JavaScript must be enabled to view this email address)  on  02/15  at  11:40 AM
  2. The conservatives is always carping about the needs for cutting down on the size of government. The two small budget items that are cut does just that. Now we may disagree whether a government program is needed to place guns in the cockpits of airliners, or whether voucher programs make good educational policy, but at least let us agree that these are cuts.
    Posted by truss bridge  on  02/20  at  07:22 AM
  3. Jay carps about conservative 'standard lines" All the while repeating his own
    Posted by .(JavaScript must be enabled to view this email address)  on  02/25  at  10:32 AM
  4. Some links to go with my post above:

    http://en.wikipedia.org/wiki/Debt_clock
    http://www.usdebtclock.org/
    http://www.davemanuel.com/history-of-deficits-and-surpluses-in-the-united-states.php
    Posted by .(JavaScript must be enabled to view this email address)  on  02/25  at  10:41 AM
  5. Truss Bridge,

    From your chosen nom-de-plume, I assume you are some kind of engineer or builder (either that or you live under a bridge). Based on your brief shaky argument, poor grammar, and unconvincing equivalences, however, I
    Posted by .(JavaScript must be enabled to view this email address)  on  02/25  at  12:04 PM
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