Yes re: Father Divine and Gene, the difference is over the composition of austerity. Obama wants revenues and SS/Medicare/defense cuts, the R's will cut most any type of spending (including defense, if other stuff is cut as much or more).
The theories are different, however. The R's think less govt means more private sector, by definition a good trade. Sooner is better than later because it's less uncertain. The Obamas think there is less priority on soon and more on long-term and irreversible, for the sake of interest rates, capital formation, and all that bullcrap. The immediate targets are the SS COLA and Medicare eligibility age, the former more likely than the latter. A majority of liberals will be swept along on the lesser catastrophe premise. It will be interesting to see which advocates fall in line. Center on Budget & Policy Priorities is likely, AFL-CIO maybe not. I'll be very surprised if EPI goes along, and positively stunned if Dean Baker's outfit has anything good to say about it. OTOH, the 'Center for American Progress' will roll over and wag its tail. On Fri, Mar 1, 2013 at 2:37 PM, Chuck Grimes <[email protected]> wrote: > Meanwhile, over on Pen-l, the US economy is seldom discussed. > > Gene > > --------- > > Is this just a signature? > > CG > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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