Don't agree --- the "austerity" ship has sailed. The progressive wing of the Dems already has virtually made cuts in entitlements a la the Ryan Budget (which admittedly Obama would have accepted as part of a "grand bargain" with the Repugs) anathema. In the context of covid-19 and the ensuing recession/depression at Biden administration will insist on spending the economy back to "normal" --
NOW -- will they cut "defense" and "police" -- no --- but they will ignore deficits until there is actual evidence of inflation ... (and note that even with the recent price spikes, prices overall are DOWN for the year ....) Doesn't mean the left wing of the Dems can be complacent because of course there are plenty of neoliberals left in the "democratica" establishment --- but they are laying low these days --- perhaps some of them have even learned the lessons of the last bunch of years ... After all, FDR criticized Hoover for running deficits when he was campaigning against him (Hoover) in 1932 only to "accept" deficit spending ... even before WW II .... (Mike Meeropol) _._,_._,_ > > -=-=-=-=-=-=-=-=-=-=-=- Groups.io Links: You receive all messages sent to this group. View/Reply Online (#323): https://groups.io/g/marxmail/message/323 Mute This Topic: https://groups.io/mt/76124461/21656 -=-=- POSTING RULES & NOTES<br />#1 YOU MUST clip all extraneous text when replying to a message.<br />#2 This mail-list, like most, is publicly & permanently archived.<br />#3 Subscribe and post under an alias if #2 is a concern. -=-=- Group Owner: [email protected] Unsubscribe: https://groups.io/g/marxmail/leave/8674936/1316126222/xyzzy [[email protected]] -=-=-=-=-=-=-=-=-=-=-=-
