Duncan Black Begs Barack Obama to Deal with the Problems of Today Rather than Fail to Deal with the Problems of the 2030s
Perhaps there might be some justification of Barack Obama's course over the past two years if he had managed to strike a deal with the Republicans to put the long-run finances of the federal government on a sound basis--even though Clinton, a much better negotiator, thought in 1997 that he had struck such a deal, and it lasted only four years before the Republicans took the wrecking ball to it.
Duncan Black:
Eschaton: Reasons to Cheer: Please fail and go away.
White House officials are quietly bracing for “supercommittee” failure, with advisers privately saying they are pessimistic that the 12-member Congressional panel will find a way to cut $1.2 trillion from the deficit as required.
It's been almost two years since the "deficit pivot." Please, somebody, tell the people in charge that nobody cares about the damn deficit. They will say they do in correctly worded polls, but they don't care. They care about jobs and having money in their pockets. If the economy sucks they imagine the "deficit" is somehow to blame, because that's what NPR tells them every day.
Give people jobs. They'll get happy and go back to worrying about gay abortions and the like.
