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View Diary: WATCH: Why the Debates Are "All We've Got Left" (102 comments)

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  •  I do not agree with her points at all (37+ / 0-)

    She s is preaching austerity when she said that we cannot afford to continue down the path we are on and that everyone will have to make sacrifices, including the middle and lower classes.  I think she is wrong, very wrong.  Also, her assumptions are wrong that we cannot meet our social safety net obligations without major sacrifice by the poor and middle classes.  Austerity is exactly the wrong solution right now.  Nearly every major economist has said that austerity will kill any chance of recovery, including Reich, Stiglitz, and Krugman, among others.

    The problem with the path we are now on is two fold.  One, there is not enough revenue coming in.  And  second, much of the current spending is on the wrong things.  We have to look at the causes of the deficit skyrocket.  The three main causes are the Bush tax cuts, the unfunded wars, and the current economic situation in which people are earning less and therefore have less to pay in taxes.

    The Progressive Caucus has shown that we can meet the needs of the people, we can create jobs, and we can be prosperous if we restore our progressive taxation system to more sustainable levels and if we severely cut our military spending and use that money to create public works jobs.  which will cut down on unemployment and bring in greater ta revenues because people are earning more.

    Also Medical spending is out of sight.  And a large part of that is due to having the middle man insurance companies.  If we institute single payer health care that covers everyone, then we will be well on our way to reining in those costs to more sustainable levels as seen in every other developed country in the world.

    What I saw in this video was someone who seemed to be thinking inside the current paradigms.  To answer those questions, we need to be thinking outside our current paradigms.  That is the really tough question and the tougher answer.  And I doubt that the right questions or the answers we need to hear will be in the debates.

    "Growing up is for those who don't have the guts not to. Grow wise, grow loving, grow compassionate, but why grow up?" - Fiddlegirl

    by gulfgal98 on Tue Oct 02, 2012 at 02:30:46 PM PDT

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    •  great response (7+ / 0-)

      Your comment hit every key point succinctly (including the progressive caucus showing how it can be done, which rarely gets the credit they deserve.)

    •  ^^^ This ^^^ (1+ / 0-)
      Recommended by:
      Kitsap River

      And any number of charts and analysis have shown that once the Tax Hives taxes expire at the end of this year... the deficit will begin to be paid down.

      From Brian Beutler over at TPM:

      But I think one post-election event will force Republicans to grapple with the moderation question.

      If the Bush tax cuts expire at the end of the year, it’ll give President Obama about $4 trillion in revenue over the coming 10 years. That’s way, way more than he’s asked for, more than he presumably wants, and more than the economy can easily bear — so everyone will have a big incentive to negotiate backwards from it.

      Alternatively, House Democrats and Republicans could pass legislation Harry Reid maneuvered through the Senate a few weeks back to extend all the Bush tax cuts, except those benefiting higher income people. Yes, that would require Republicans to fully cave and affirmatively vote for higher revenue during the lame duck. But by giving Obama the bare minimum he’s asked for, it would limit the damage — to about $800 billion over 10 years. Thus far and no further.


      In my honor he pulled out old forgotten dignity and walked straight in a crooked world. ~~poetry of young Barack Obama

      by bronte17 on Tue Oct 02, 2012 at 05:47:30 PM PDT

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      •  I don't think this quote means what you think it (2+ / 0-)
        Recommended by:
        gulfgal98, Kitsap River

        means.
        Beutler says that "$4 trillion in revenue.... is more than the economy can easily bear." WTF does he mean by that, really? More than the current, austerity-focused economy envisioned by TPTB, clearly. In other words, to Beutler it is a BAD possible outcome, one to be avoided.
        The more progressive position would be to utilize some of the money that would be obtained and turn it into public works--infrastructure--green energy--even better safety net programs. And even, possibly, some deficit reduction (if it were so crucial, when we were closer to full employment).

        Please stop by my tribute diary, RIP alliedoc, so that the messages to her family can include yours.

        by peregrine kate on Tue Oct 02, 2012 at 06:18:21 PM PDT

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        •  Yeah... I noticed his input there on the $4 T (0+ / 0-)

          He may have had a typo... dunno... but what matters is the fact that he makes the argument that the expiration of the tax cuts will provide substantial revenue (see the CBO report) and substantially cut the deficit naturally if there are no tweaks from Congress. But, Beutler is highlighting a further argument that both sides will not let the tax cuts expire because that surplus revenue will supposedly be a bad thing and the spending priorities will force a "bipartisan" deal for continuation of the status quo.

          The CBO says letting the tax cuts expire would reduce the deficit by almost $1 Trillion over the the next 10 years.


          In my honor he pulled out old forgotten dignity and walked straight in a crooked world. ~~poetry of young Barack Obama

          by bronte17 on Tue Oct 02, 2012 at 07:20:19 PM PDT

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