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View Diary: The Debt Ceiling Is Not Unconstitutional, Right Now! (56 comments)

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  •  The extreme right wing frames the issue, and (3+ / 0-)
    Recommended by:
    BruceMcF, psyched, maddogg

    everybody else falls into line.  They are brilliant.  The bottom line (IMO) is that this is a phony issue used as a subterfuge for a preordained outcome: A "shock doctrine-type" crisis.

    The Democrats and the President either don't have the backbone to properly confront this extortion (nor any other important issue), or are unprincipled participants of the charade.

    Either way the die is cast.  

    •  Or are ... (5+ / 0-)

      ... victims of their own "sensorium" ~ they filter information through experts, and sadly the top status experts in my own field of economics are chosen for mathematical skills but not for being able to discriminate between fantasy and reality.

      The radical right has been deliberately promoting the equilibrium model based approach to economics since the 1950, and that approach has captured all the high ground in terms of control of the hiring committees of all the high status PhD granting economic departments.

      The fact that it incapacitates an economist for understanding many dimensions of the economy is of no real concern to them, since they already "know" the answers to those questions as a matter of faith, and having enough credentialed social scientists working with a language that is incapable of saying that the doctrine is false is, in a quite handy thing.

      Even if it does lead to inconveniences like the Panic of 2008, especially given the benefits of the long labor market depression that has followed.

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      by BruceMcF on Thu Jun 30, 2011 at 10:09:45 AM PDT

      [ Parent ]

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