deficit commission


Richard Eskow's picture

The Bowles/Simpson Medicine Show Is Back in Town

When millions of dollars are being pumped into Washington by anti-government and anti-tax ideologues, you're bound to find Democrats willing to play along. And when your Washington press corps can't be bothered to get even the smallest details right - well, that must mean the Bowles/Simpson Medicine Show is back in town.

It's here, folks. Journalists are still cooing over a failed proposal they're calling "moderate" and "centrist," based on the radical and unpopular plan put forward by two individuals named Alan Simpson and Erskine Bowles.

Another budget, one that's both economically sound and more politically popular, was summarily dismissed by the same media as 'partisan' and extreme. more »

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Richard Eskow's picture

Killing Us Softly

Yesterday some prominent people signed a letter urging the so-called "Super Committee" to "go big" on cuts to the Federal budget. Many of these people would describe themselves as "moderate" and "centrist." Some would call themselves liberal. I've met a few of them casually, both Republicans and Democrats, and they seemed like very nice people.

They're nothing like the audience members at the Republican Presidential debate who shouted "yes!" when asked if society should let a young man die because he didn't buy health insurance. They're courteous and civilized, and were undoubtedly appalled by the shouts from the crowd.

That sort of thing isn't done in the salons or think tanks of Washington. You wouldn't catch anyone who signed that letter behaving that way.

But are they really all that different? more »

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Richard Eskow's picture

Social Security and Medicare Cuts: Washington's War on the Young

t's one of modern political life's strange ironies that defending Social Security and Medicare is considered an "old people's issue." Old people are doing just fine with these programs, thank you very much -- at least so far.

Anti-government hawks like Alan Simpson and Pete Peterson also made a deft (if deeply cynical) move by framing these programs as a war between baby boomers vs. Gen X-ers, since some of their cuts would hurt boomers too.

But young people will take the worst of these cuts, since their impact increases over time. When you combine this assault on "entitlements" with other forms of austerity economics, the result is a plan to hand the next generation a nation with crumbling infrastructure, collapsing government services, and bleak economic prospects. It's an all-out assault on the future of the young.

That's no accident. Politicians know that seniors would rise up against any politician who crosses them. And seniors vote. They're also aware that baby boomers are a large and powerful voting bloc, not to be trifled with.

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Richard Eskow's picture

Found! The Secret 12-Point Plan To Sell Pro-Wealth Policies To The Middle Class

It's almost like they had a plan. The right-wing has been trying to dismantle the New Deal since its inception, but after decades of failure it's found a new path to success. They're already persuaded quite a few Democrats to support the first steps toward dismantling Medicare and Social Security. They've also convinced a lot of journalists to ignore detailed economic analyses, and accept the ideological platforms of the far right as "moderate" and "reasonable."

How do you do it? How do you sell a nation on dismantling its most popular programs at a time when they're more needed than ever? How do you convince an entire class of people - the middle class - to voluntarily surrender their health and financial security to benefit those who are far wealthier than they are?

Well, we found it! We found the twenty-year-old PowerPoint presentation that outlines the whole thing - the radical agenda, and the 12-point marketing plan that made it possible. Here it is, available to the public for the first time anywhere: more »

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Richard Eskow's picture

Al-Jazeera Commentary After the President's Speech on Deficits and the Budget

We provided live commentary for Al Jazeera English at the conclusion of the President's speech on the deficit and the Federal budget. That speech was Thursday, but we weren't able to receive and post the video until now. It's below:

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Daniel Marans's picture

Attention Democrats: Don't Be Fooled, Bowles-Simpson Plan=Ryan Budget-Lite

Liberals don't like the prospect of the Bowles-Simpson plan becoming the starting point of deficit reduction talks, because it is too centrist to offer Democrats a strong bargaining hand. But if you look more closely, it's far worse than that. Bowles-Simpson is Ryan-lite.

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Richard Eskow's picture

A Letter From 64 Senators ... In an Alternate Universe

Scientists say there are trillions of parallel universes. Statistically, that means that must be one where some poor version of humanity lives in an inverted, mind-bending alternate reality where everything is backwards and nothing makes sense.

But why did it have to be us?

Consider the latest evidence: 64 Senators are ignoring the one problem that polls consistently show is the public's highest priority. Instead they've written a letter to the President asking him to make a different issue his highest priority - and to address it by doing something the public doesn't want. In return they're promising that they'll do something the public doesn't want, too.

Welcome to reality.

You can see the original letter here. Then you can keep reading to see what that letter would say in a rational universe. more »

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Richard Eskow's picture

"Entitlement Reform" Is a Euphemism For Letting Old People Get Sick and Die

George Orwell would be proud. The latest Washington catchphrase deserves a place of honor in the 1984 lexicon, right between "War Is Peace" and "Love Is Hate." It's a virus of the language that's spreading faster than the stomach flu.

"The President's budget punts on entitlement reform," reads a statement by House Republicans. "Our budget will lead where the President has failed, and it will include real entitlement reforms." "You have to do entitlement reforms if you are serious about this budget," says Rep. Paul Ryan.

Reality check: Nobody's proposing 'entitlement reform.' That term is a cloaking device for some very ugly intentions. It's a meaningless manufactured phrase cooked up by some highly-paid consultant, and it diminishes the sum total of human understanding every time it's used. The phrase is a euphemism for deep cuts to programs that are vital and even life-saving for millions of elderly and poor people, but it's politically unpalatable to say that. So it became necessary to come up with yet another cognition-killing term designed to numb us from the human toll of our political actions. "Entitlement reform" is the new "collateral damage."

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Richard Eskow's picture

Dear Washington DC: The Public Is Smarter About Money (and Deficits) Than You Are

Some condescending politicians and pundits never miss an opportunity to talk down to the American people, especially when it comes to budgets. The members of Washington's political "center" encounter one another at social events, often in pleasant halls where the chill of winter is kept at bay by the warmth of oak paneling. more »

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Richard Eskow's picture

TV Appearance: Talking Egyptian and US Economics on Russia Today

Here's a clip of our appearance on the Russia Today network to discuss the economies of Egypt and the United States.  It felt very important, while pointing out the possibly surprising similarities, to also point out their greater hardships and dangers - especially now, while they're showing so much courage.

The Egypt discussion allowed us to point out the risks of "austerity economics" and the problems that can arise when economic policy places a premature emphasis on deficits at times when growth and jobs investment are needed; and to point out the parallels between Egyptian and US decisions to offer tax cuts for high-earning individuals and corporations while more stimulus is still needed.

The other panelist was Robert Naiman of Just Foreign Policy.  The entire discussion lasted fifteen minutes.  For those who only want to see our participation, we were the lead-off commentator and reappeared at 7 minutes and 45 seconds (where, you may notice, I didn't answer a question for which I felt unqualified).  Here it is:

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