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View Diary: Leaving out the ideologically inconvenient - Austerity Fail? (19 comments)

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  •  austerity has failed miserably though (9+ / 0-)

    It amazes me that there is still politcal support for this stuff despite the miserable failure every place it's been tried, especially the results in Europe recently.

    Though I can see some argument for minor adjustments in entitilements and other transfer type programs, far more concerning is the unwillingness of congress to invest more in things like infrastructure spending, and other spending programs which boost demand and create jobs.  

    All of this debate over long term spending adjustments ignores obvious short term needs.  

    And the filibuster has led to a situation where it becomes almost impossible to ever get sufficient fiscal policy when there is a need. Short term fiscal policy subject to a 60% vote threshold is pretty much a guarnantee that it will always be inadequate.   At the very least the Senate ought to have a rule that tax and spending adjustments should never require more than a simple majority vote to pass.

    •  But the austerians would rather (1+ / 0-)
      Recommended by:
      Judge Moonbox

      a super-super majority to make changes to tax rules.  67% is a number I've heard.

      IMO, the only solution is to keep pointing out conservative hipocrisy and hope that the demographic shifts underway sweep them to a permanent minority by the end of this decade or soon after.  Of course, we are then left with only hope that the damage that is done before that point is minimized and able to be undone...

      •  Here's why austerity works politically... (3+ / 0-)
        Recommended by:
        Judge Moonbox, Creosote, Hirodog

        It's the old promises of something-for-nothing and blame-somebody-else.

        Cut taxes and things will get BETTER! For FREE! And if it doesn't work, then it surely is the fault of the [blacks-gays-immigrants-liberals-socialists-atheists-bureaucrats-unions-ScapegoatDuJour].

        It's always Somebody Else who needs to change. Never the Great American Middle Class who needs to do anything different.

        Austerity: a new verse of the Same Old Song.

        "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

        by HeyMikey on Sat Apr 20, 2013 at 09:06:54 AM PDT

        [ Parent ]

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