Deficit Hawks: Substituting Money for Competence
Monday 29 November 2010
by: Dean Baker,
t r u t h o u t | Op-Ed
The Washington Post, National Public Radio (NPR) and everyone else who is respectable in Washington agrees: we must do something about the deficit now. They also agree that this "something" involves major cuts to the Social Security and Medicare, programs that the middle class depends upon.
According to these knowledgeable, respectable types, there is no alternative to painful cuts. The question is whether politicians will have the courage to take a baseball bat to the middle class.
Before we consider their claims about Social Security and Medicare, let's remember what these people were not saying three years ago. Specifically, without exception, these authority figures failed to recognize the largest financial bubble in the history of the world. This failure of the people in power, including the deficit hawks, is responsible for the enormous suffering that the country is now experiencing.
(More here.)
by: Dean Baker,
t r u t h o u t | Op-Ed
The Washington Post, National Public Radio (NPR) and everyone else who is respectable in Washington agrees: we must do something about the deficit now. They also agree that this "something" involves major cuts to the Social Security and Medicare, programs that the middle class depends upon.
According to these knowledgeable, respectable types, there is no alternative to painful cuts. The question is whether politicians will have the courage to take a baseball bat to the middle class.
Before we consider their claims about Social Security and Medicare, let's remember what these people were not saying three years ago. Specifically, without exception, these authority figures failed to recognize the largest financial bubble in the history of the world. This failure of the people in power, including the deficit hawks, is responsible for the enormous suffering that the country is now experiencing.
(More here.)
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