March 20th: Proposing the Same Budget and Expecting Different Results
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House G.O.P. Lays Down Marker With New Budget Plan (NYT)
Because the first time went so well, Rep. Paul Ryan will try yet again to distract voters with worries about the deficit so that they don’t look at the Medicare cutting behind the curtain.
Medicare Costs Too Much and They Better Not Cut It (CEPR)
Dean Baker argues that Republicans misunderstand that cutting Medicare has a high cost not just to the economy, but to people’s lives. What does the GOP plan guarantee? Higher prices for the same care and great advertising.
Fiscal Affairs: A Colossal Mistake of Historic Proportions: The “JOBS” Bill (HuffPo)
Simon Johnson writes that the JOBS bill is being touted under the guise of helping the economy, but those supporting it have forgotten that if the ship of the financial market doesn’t have a captain, no one will notice the iceberg ahead.
Could Corporations Take Tax Breaks on Political ‘Dark Money’? (ProPublica)
Justin Elliott writes that the anonymous companies who give money to super PACs may be writing off their donations because they claim they’re not funding political organizations. Just like Obama’s some guy who gives speeches every so often.
The man blocking America’s recovery (WaPo)
Katrina vanden Heuvel shines a light on Edward DeMarco, the supposedly temporary director of the FHFA who is opposed to all common sense measures to help struggling homeowners. And you thought the blame was spread among all 535 members of the 112th Congress.
The Age of Double Standards (Prospect)
Robert Kuttner points out that the bank industry has spent years lobbying against consumer bankruptcy by claiming they would abuse the system, but Wall Street may be the one addicted to Chapter 11 makeovers.
The Uses of Polarization (NYT)
Thomas Edsall explains the logic behind campaign strategies of increasing political polarization. No matter what each candidate might say, though, they’ve got to channel their motivational coaches and actually get voters into the polling booths.
Kill the JOBS Act! (Slate)
Eliot Spitzer writes that the new JOBS bill is a dream come true for companies who want more deregulation, just like parents who trust their teenagers are a dream come true for house parties.
The New Suburban Poverty (NYT)
The face of poverty has changed from broken windows in inner city neighborhoods to unruly lawns in suburbia. Time to lock your doors when you see kids on skateboards approaching in the mall parking lot.
The U.S. Cruises Towards a 2013 Fiscal Cliff (WSJ)
As the Bush tax cuts expire and spending falls, Alan Blinder recommends that both parties start talking about the fiscal cliff we’re headed toward. But there’s nothing Congress likes more than a good cliff hanger.
Why Millennials Want To Be Rich (GOOD)
A Millennial explains that this generation wants to be rich because the only other option is being poor. At least they’re realizing that having to be a Snooki to be successful is not healthy for the economy.