Sunday, December 30, 2012

Going Over the Cliff - Hangon - Be Calm.

Facts are facts: no amount of "coming together" or "bipartisanship" will obviate the fact that the Republican House couldn't even pass their odiously conservative "Plan B."

And remember this - 9 1/2  minutes well worth your time - to calm the nerves.
The Fiscal Cliff is a Scam

Published on Nov 29, 2012

James K. Galbraith:

Look, it’s true that elected politicians have been unable to “come together and compromise.” But saying that in generic form, and implying a symmetry between Republicans and Democrats, isn’t just misleading, it’s actively harmful.

The reality is that President Obama has made huge concessions. He has already cut spending sharply, and has now offered additional big spending cuts, including a cut in Social Security benefits, while signaling his willingness to retain many of the Bush tax cuts, even for people with very high incomes. Taken as a whole, the president’s proposals are arguably to the right of those made by Erskine Bowles and Alan Simpson, the co-chairmen of his deficit commission, in 2010.

In return, the Republicans have offered essentially nothing.


What’s happening now is that all the Peterson-funded groups are trying to exploit the fiscal cliff to push a benefit-cutting agenda that has nothing to do with the current crisis, using artfully deceptive language — as in that MacGuineas letter — to hide the bait and switch.

Read the whole thing 

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