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View Diary: First-time unemployment claims soar to 385,000, possibly reflecting early impact from the sequester (92 comments)

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  •  the professionals (2+ / 0-)
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    SpecialKinFlag, divineorder

    who now have made almost all the bush tax cuts permanent and ended up with back door austerity. forgive me if i'm not impressed.

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

    by Laurence Lewis on Thu Apr 04, 2013 at 09:08:34 AM PDT

    [ Parent ]

    •  Um, the goal was to renew most of the Bush tax cut (0+ / 0-)

      That's what those professionals campaigned on, and won. After all, higher taxes are austerity too, and tax cuts are (poorly, but technically) stimulative. Don't forget that.

      I really don't know whether the cost to the economy from a shutdown, or heavens' forbid a default, would have outweighed the sequester.

      •  um (0+ / 0-)

        no. he campaigned on ending the tax cuts above 250k. specifically.

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

        by Laurence Lewis on Thu Apr 04, 2013 at 10:48:18 AM PDT

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        •  The difference between $400k and $250k (0+ / 0-)

          It's not even worth arguing about.

          •  given that he's talking about chained cpi (0+ / 0-)

            and medicare cuts, it actually is.

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

            by Laurence Lewis on Thu Apr 04, 2013 at 12:33:08 PM PDT

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            •  Don't change the subject (0+ / 0-)

              I expect a  better analysis from you. You know the difference between $400k and $250k is negligible, and not worth quibbling over.

              You also know it's debatable as to how much support there was for $250+k in the Senate. Schumer, in particular, could have been an obstacle, simply because $250k in the New York Metro is very different than other areas of the Country. So no, it has nothing to do with Chained CPI or whatever.

              If Obama let all the Bush tax cuts expire, you probably would have gotten $400k, or something close to it in the end, and the sequester.

              •  yeah (0+ / 0-)

                15-20 billion a year is negligible. particularly when that 15-20 billion a year will have to be compensated for, with spending cuts.

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

                by Laurence Lewis on Thu Apr 04, 2013 at 05:04:19 PM PDT

                [ Parent ]

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