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View Diary: Is there ever a moment to reflect on being wrong? (27 comments)

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  •  That may be. (2+ / 0-)
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    nocynicism, Larsstephens

    What I was addressing is the fact that so many here predicted that the Republicans would use this tactic at every turn. Most even mentioned the 2012 budget deal as the next round.

    They were wrong.

    As I said above, its important to ask why.

    •  I see your point and thank you for the diary, (0+ / 0-)

      however, this deal set the GOP's desire to cut without revenue increases into motion. Who wants to claim victory ?

      "The agreement would reduce spending by at least $1 trillion over 10 years, but even the near-term cuts could shrink already sluggish GDP growth by 0.3% in 2012. According to EPI, the plan “not only erodes funding for public investments and safety-net spending, but also misses an important opportunity to address the lack of jobs.” In particular, the immediate spending cuts and the “failure to continue two key supports to the economy (the payroll tax holiday and emergency unemployment benefits for the long term unemployed) could lead to roughly 1.8 million fewer jobs in 2012.”

      "The Center for American Progress’s Michael Ettlinger and Michael Linden argue that while the deal “goes straight in the wrong direction,” Congress can redeem itself by using the so-called “super committee” mandated by the bill to focus on job creation. The committee, made up of six Republicans and six Democrats, is tasked with finding an additional $1.5 trillion of deficit reduction over the next 10 years, and must report a plan by Thanksgiving. "

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