Ezra explains the current deal. Under my new lifestyle regime, I only glanced at it.
Oh, and here’s Marcy on the commission piece of the proposal.
And here’s one of the Obama fan base defending the deal. (The writer glosses over the loaded committee deal. Members of the committee are selected by leadership, three each by Boehner, Pelosi, Reid and McConnell, with no simple majority to act. But of course they’ll be deadlocked 6-6 on everything, which constitutes failure to act, triggering the automatic cuts.)
And here’s TIME magazine telling us, “Don’t worry, be happy!”
When Obama made his announcement, you’ll notice he says he would have preferred a bigger deal with entitlement “reform” (i.e. Social Security and Medicare cuts). It’s a shitty deal – even the NY Times noticed.
By the way, I’m not calling them “entitlement” programs anymore, that’s right-wing phrasing. They’re national retirement programs. We paid for them, they’re ours:
President Obama said tonight that he and congressional leaders have agreed to a debt ceiling deal just two days before a possible government default that would inflict major damage on the economy.
The full Senate and House must still vote on the agreement, Obama said at a surprise appearance Sunday night in the White House.
“We’re not done yet,” Obama said. “I want to urge members of both parties to do the right thing with your votes.”
As word of the agreement filtered out, some Democratic liberals are already protesting that the plan lacks new tax revenues, while some Republican conservatives said it creates the possibility of too many defense cuts down the line.
Obama said there are some parts he doesn’t like, particularly the lack of new tax revenue, but that is the nature of compromise.
“This process has been messy,” Obama added. “It has taken far too long.”
The proposal calls for a two-tiered $2.1 trillion increase in the debt ceiling while cutting federal spending by more than $2 trillion over the next ten years. Most of the reduced spending will be developed by a special congressional “super committee.”
The plan also calls for automatic spending cuts if the committee cannot agree on a plan, or if Congress rejects its recommendations.
“Everything will be on the table to hold us all accountable,” Obama said.
I think everything Greenberg says is true — except for the part about it being possible. His list of solutions would make sense as advice to a real political party.
But to a bunch of hired stooges put in office to lend an air of democratic legitimacy to what has essentially become a bureaucratic-oligarchic state, what good does such advice do? Would it have made sense to send the Supreme Soviet under Andropov or Brezhnyev a list of policy ideas for enhancing the civil liberties of Soviet citizens?
The Democrats aren’t failing to stand up to Republicans and failing to enact sensible reforms that benefit the middle class because they genuinely believe there’s political hay to be made moving to the right. They’re doing it because they do not represent any actual voters. I know I’ve said this before, but they are not a progressive political party, not even secretly, deep inside. They just play one on television.
For evidence, all you have to do is look at this latest fiasco.
The Republicans in this debt debate fought like wolves or alley thugs, biting and scratching and using blades and rocks and shards of glass and every weapon they could reach.
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As I’ve said before, so many of the journalists I’ve known are not only lazy, they’re kind of willfully obtuse. This piece from Jay Rosen illustrates it all too well.
I watched Emmylou’s set at Newport tonight. Lovely! Here she is with Steve Earle: