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View Diary: Austerity bomb deal must include FEMA aid for Sandy (78 comments)

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  •  i'm okay with the optics (2+ / 0-)
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    divineorder, dkosdan

    if it led to stimulus and but a feign on future cuts, while just kicking the can on the tax cuts so they can just be allowed to expire not too far down the road. it's the feign on future cuts that i don't see. well, i don't see any stimulus, either.

    The cold passion for truth hunts in no pack. -Robinson Jeffers

    by Laurence Lewis on Sun Nov 18, 2012 at 03:49:22 PM PST

    [ Parent ]

    •  The optics are kinda blurry if... (0+ / 0-)

      your takeaway is that all going over the cliff would do is delay tax cuts.  It would, as Krugman, and others point out, eliminate them Jan 1st unless a deal is cut by Dec 31st.  

      Not that it works all that well for the Republicans if that's their idea of a pressure point because, at the same instant, the current year over year deficit will be gone.  Outside of some Republicans and bankers I don't hear all that much complaining from the truly rich that they cannot afford to pay their share.  That is thinking people not Donald "The Rug" Trump and his like.

      If one is a Keynesian one would celebrate going off the cliff.  So, strangely, would most practitioners of monetarism.  The Bush era cuts smack of favouritism which offends monetarists.  The only ones wanting to cling to them are Ayn Rand style "libertarians", it seems to me.

      Stimulus will, in many ways, come from cleaning up from Sandy.  That cleanup will, of necessity, improve on pre-existing infrastructure on the Eastern Seaboard of the United States where it's been decaying for decades now.  

      For better or worse, the New York/New Jersey area so hard hit is the financial centre of the U.S. and is still, adding PA still a major manufacturing region.  That clean  up must and will happen even with the howls of outrage that will come along with it.

      Think of it this way, it's stimulus through the side door.  That will work for the benefit of most of if not all of the United States.

      We can live in today or live life not understanding yesterday is a cancelled cheque, tomorrow but a promise all while we piss on today.

      by TtfnJohn on Sun Nov 18, 2012 at 06:20:21 PM PST

      [ Parent ]

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