12.05.12

The fiscal whatchamacallit

Posted in Around The Nation, Had Enough Yet?, Take Action, The Budget, The Economy at 11:00 am by wcnews

My thoughts on the fiscal whatchamacallit are that it’s a political ploy created by Congress and can just as easily be ended by Congress, as if it never existed.  It is a totally contrived piece of crap to force them to act, or compromise.  Obviously it isn’t working as designed.  They should agree, at least, that this was a bad idea and go home until the next Congress starts.

The proposed plans on both sides are idiotic thus far, No Money There.

As Krugman says, many of the preferred by the Villager solutions to nonexistent problems don’t actually save the government any money. Raising the Medicare age a bit wouldn’t save much public money, and would likely end up costing more in the net. Also, too, suffering, bankruptcy, and misery.

But we know this, as the preferred method for cutting the deficit is… cutting taxes..

There is a real way to fix our problem, it’s called Prosperity for All. It’s really pretty simple:

Prosperity economics is built on three pillars: growth, security and democracy. These pillars reinforce oneanother and are intertwined politically and economically.

1. Dynamic, innovation?led growth, grounded in job creation, public investment and broad opportunityWe must take immediate action to jumpstart our sagging economy. In the future, we need to invest inpeople and productivity that will lead to good jobs and rising wages. Growth alone is not sufficient tosustain our nation. We need long?term growth that is broadly enjoyed, sustainable in light of ourresource and energy constraints and driven by investments in our workforce and strong collectivebargaining rules that raise our standard of living.

2. Security for workers and their families, the environment and government financesMarkets work better when working families feel a basic security for their futures. A dynamic andcompetitive market requires a strong foundation that is reinforced by programs like Social Security andMedicare that guarantee a secure retirement and access to health care. Markets also work betterwhen governments have the resources to operate smoothly far into the future. These resources arebest raised through a progressive tax structure that supports the middle class; no more tax giveawaysfor corporations and super rich.

3. Democratic voice, inclusivity and accountability in Washington and the workplaceMoney is increasingly corrupting and corroding democracy. When economic winners are allowed towrite the economic rules, the rest of America becomes poorer and our political system weaker. Fordemocracy to thrive, strong Unions, and empowered citizens and community organizations are neededto ensure that workers and the broader public have an organized, effective voice in our politics.

But ideas like that rarely get mentioned and when they do they get shouted down even on the SCLM:

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The fiscal whatchamacallit is a sham and a scam. Congress invented this….Frankenscam…and now Congress should end it. The people want higher taxes on the wealthy and no cuts to the safety net. The only way this will happen is if the people start pressuring them to do what’s right.  Click her to stop the grand swindle.

Further Reading:
Study: The “optimal tax rate on the highest earners is in the vicinity of 70%”.

1 Comment »

  1. Eye on Williamson » The fiscal whatchamacallit ends said,

    January 2, 2013 at 2:40 pm

    [...] previous post on the fiscal whatchamacallit. Atrios, as he always does, succinctly wraps up the idiocy of the fiscal whatchamacallit debate. [...]

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