In trying to make a quick understanding of the Boehner counter-offer on the fiscal slope yesterday, I knew that his reference to the “Bowles plan” was not a reference to Bowles-Simpson but rather something Bowles wrote or said in November 2011. It turns out that it came from testimony before the failed Super Committee, where Bowles basically spitballed a reform measure totaling $2 trillion by averaging out each sides’ initial offers.
|By: David Dayen Tuesday December 4, 2012 7:09 am|
|By: Jon Walker Tuesday October 2, 2012 11:00 am|
The push to cut Social Security is the ultimate horror movie monster. Despite the idea being defeated time and time again, it never dies. It just waits in the shadows until it is resurrected by the “grand bargain” obsessed necromancers whenever they think the time is right.
|By: Dean Baker Wednesday December 28, 2011 12:30 pm|
The Washington Post used a front page, above the fold article, to complain that Congress and President Obama had not done as much as it would have liked to reduce the deficit. What the Post failed to reports is that many people around Washington and across the country applauded this failure as a great victory.
|By: Teddy Partridge Tuesday November 22, 2011 12:15 pm|
Even Politico can’t spin the GOP’s intransigence in their ‘insiders’ writeup of what happened on the Stupid-Committee. Seeking faux balance, the reporters claim new bipartisan friendships, but as usually, the examples describe a one-way street.
|By: David Dayen Tuesday November 22, 2011 10:45 am|
Now that the Super Committee has failed — or succeeded — by doing nothing, the media are starting to notice that doing nothing would slash the federal deficits far more that anything the Committee, Catfood Commissions or White House have been proposing.
|By: David Dayen Tuesday November 22, 2011 9:15 am|
President Obama promised to veto any Congressional attempt to undo the trigger of spending cuts from the Super Committee’s failure. But he’s left unclear how Congress can be induced to renew unemployment benefits or other stimulus measures.
|By: David Dayen Tuesday November 22, 2011 7:15 am|
For some reason, lots of commentators are making a major assumption that cannot be proven, claiming that any Super Committee deal would have included extensions of expiring stimulus measures like unemployment benefits and the payroll tax cut. I have no idea what the basis for this is other than mere assertion.
|By: David Dayen Monday November 21, 2011 9:15 am|
I tweeted last night, “When bad news from Europe tomorrow makes stocks tank, and the idiots in DC blame it on Super Committee fail, could someone correct them?” Apparently, no one told the AP or Washington Post, who insist the Super Committee Fail is driving down the stock markets.
|By: Scarecrow Monday November 21, 2011 6:15 am|
Today’s headlines feature the imploding Euro system, the misreading of the Super Committee’s failure to make the US economy worse, leadership changes in Spain, a mind numbing GOP discussion of religion and more.
|By: Teddy Partridge Sunday November 20, 2011 8:01 pm|
Sadly (well, not really, but we’re in Village-narrative land with this post, so) the Stupid Debt Super-Committee won’t reach agreement by its “deadline” of this coming Wednesday. As part of its contribution to stoke the crisis narrative in Village Washington, enabling Very Serious People to pretend their concern about the Stupid-Committee actually matters in a nation otherwise beset by record income inequality, vast unemployment, continuing foreclosures, soaring, unforgivable and undischargeable student debt as well as widespread hunger and poverty, the online edition of The Washington Post (WaPo0) has prominently displayed on its digital front page a Deadline Clock.