Two Notes On The Fiscal Cliffby Art Jacobson on Dec. 04, 2012, under Politics
In a December 3rd column Paul Krugman sums up the current status of the great “fiscal cliff” debate:
In the ongoing battle of the budget, President Obama has done something very cruel. Declaring that this time he won’t negotiate with himself, he has refused to lay out a proposal reflecting what he thinks Republicans want. Instead, he has demanded that Republicans themselves say, explicitly, what they want. And guess what: They can’t or won’t do it.
The fact is that Republican posturing on the deficit has always been a con game, a play on the innumeracy of voters and reporters. Now Mr. Obama has demanded that the G.O.P. put up or shut up — and the response is an aggrieved mumble.
Today’s NY Times editorial also takes exception to the vague inadequacy of the Republican budget proposals:
Since last month’s election, Republican leaders in Congress have been demanding that President Obama come up with a detailed plan to cut the deficit and solve the upcoming fiscal deadlines without feeling any need to prepare a plan of their own. On Monday, under pressure from the White House, Republicans finally released their opening position in the negotiations — a remarkably shallow one that demonstrated a lack of seriousness in negotiations, or farsightedness in policy.
In a letter signed by Speaker John Boehner and six other House leaders, Republicans didn’t even bother to assemble their own package of spending cuts and revenue increases; they did a simple copy and paste of a few proposals made extemporaneously at a hearing last year by Erskine Bowles, the Democratic co-chairman of a deficit reduction committee.
Read the Krugman Column here.
Read the NY Times Editorial here.