by Summary:
Dick Cheney was right: deficits don’t matter. If only Democrats would learn.… Attempting to balance a commitment to deficit reduction alongside a theoretical responsibility to protect and expand public programs, Democrats end up imposing false limitations on themselves and neutering their own supposed political agenda. One wonders if the party, increasingly reliant on an elite capitalist donor class, is actually using deficit reduction to weasel out of the responsibility to make life better for the working-class majority of their constituency. The GOP inevitably spends every penny the Democrats save; the difference is that they spend it advancing right-wing policies, not left-wing ones, and lining the pockets of the rich, not the rest of us. The Republicans may be hypocrites, but the
Topics:
Mike Norman considers the following as important: bernie sanders, deficit doves, deficit hawks, deficit owls, Democratic Party
This could be interesting, too:
Dick Cheney was right: deficits don’t matter. If only Democrats would learn.… Attempting to balance a commitment to deficit reduction alongside a theoretical responsibility to protect and expand public programs, Democrats end up imposing false limitations on themselves and neutering their own supposed political agenda. One wonders if the party, increasingly reliant on an elite capitalist donor class, is actually using deficit reduction to weasel out of the responsibility to make life better for the working-class majority of their constituency. The GOP inevitably spends every penny the Democrats save; the difference is that they spend it advancing right-wing policies, not left-wing ones, and lining the pockets of the rich, not the rest of us. The Republicans may be hypocrites, but the
Topics:
Mike Norman considers the following as important: bernie sanders, deficit doves, deficit hawks, deficit owls, Democratic Party
This could be interesting, too:
Jan Kregel writes The IMF as Deficit Owl? What’s Wrong with This Argument?
Jan Kregel writes The IMF as Deficit Owl? What’s Wrong with This Argument?
James Kwak writes Leverage
James Kwak writes Leverage
Dick Cheney was right: deficits don’t matter. If only Democrats would learn.…
Attempting to balance a commitment to deficit reduction alongside a theoretical responsibility to protect and expand public programs, Democrats end up imposing false limitations on themselves and neutering their own supposed political agenda. One wonders if the party, increasingly reliant on an elite capitalist donor class, is actually using deficit reduction to weasel out of the responsibility to make life better for the working-class majority of their constituency. The GOP inevitably spends every penny the Democrats save; the difference is that they spend it advancing right-wing policies, not left-wing ones, and lining the pockets of the rich, not the rest of us. The Republicans may be hypocrites, but the Democrats are either suckers or they’re throwing the game.
Not MMT, but useful.