Alan Simpson has a problem with Max Baucus. He talks too damn much about “balance.”
“He’s chairman of the Finance Committee and feels a competition with Kent Conrad, which is not good, because Conrad moves and does things, and Max is just holding back,” Simpson said. “He didn’t come to many of our meetings. And when he did, he simply said we have to collect taxes that we haven’t collected, and he’s talking about balance and this and that, but I say to my friend Max, boy, I don’t know how helpful that’s going to be.”
Yes, it certainly won’t be helpful to the dream of taking three hundred million people off the government tit.
To be fair, Simpson criticized the Republican picks for the Catfood Commission II as well, because of their ideological disinclination to support tax increases. He would have preferred some members of the Gang of Six on the panel. He did say he liked John Kerry on there, which should scare everyone.
For his part, Sen. Harry Reid said on a conference call that the recommendations from the committee must have some fairness, which he took to mean that “Rich people are going to have to give up a little. Some of their tax goodies. You can’t do it with just spending.” His picks for the committee certainly reflected that.
However, looking at who will be on the Catfood Commission II and what they’re like kind of misses the point. The committee is its own problem, as Ari Berman points out.
The super-committee itself is a profoundly conservative and anti-Democratic entity, immune from public pressure and tasked with deciding between two bad choices—a so-called grand bargain that would significantly reduce the social safety net vs. deep across the board cuts at a time of economic peril. The idea of doing anything to stimulate the economy is totally absent from its purview. The scope of the committee itself, rather than who’s on it, is the real problem.
There’s no good outcome here. Either we get a pathetically bad grand bargain that probably has no revenues to speak of, or we get sequestration. The hilarious outcome would be a deal at the end of 2012 to extend the Bush tax cuts in exchange for canceling the trigger cuts, which would absolutely explode the deficit but make a lot of people in Washington happy. But either way, we’re not getting a jobs committee to recommend job creation measures that will go to the Congress for an up or down vote. As Joseph Stiglitz writes today, this is clearly the optimal policy, the one that helps the greatest number of people, which is why I guess it won’t be adopted.





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You know you’re in “Alice in Wonderland” land when Max Baucus is the good guy.
“The hilarious outcome would be a deal at the end of 2012 to extend the Bush tax cuts in exchange for canceling the trigger cut”
BULLSEYE!
at this point though, that would be the best possible outcome and i cant stress “possible’ highly enough, and i believe, the true purpose of this whole sick spectacle. Alan simpson (may he rot eternally in hell, soon) wants to eviscerate social security and if you watched his career, you know that hes motivated almost completely out of spite. he wants his revenge against the AARP and other advocacy groups that thwarted his anti middle class/working class work in the senate..But even rightwing market stooges and ALL of them are, know that old people vote, way out of porortion to thier numbers.
Let me help by recommending the first 556 people to unhook: Congress, The Supremes, Joe Biden, and Barack Obama.
Maybe add a few former Pres on gov retirement with perks…..
Meanwhile corporations will continue to take out “Peasant Policies” on their workers, kill them, sell their organs for parts, render their remains to soap and use the profits to run ads against trial lawyers, big union bosses and pesky government regulators. Anything left goes to buying politicians.
I do agree that balance is just about the wimpiest slogan ever. However, it is perfect for a party that stands for nothing and will stand with no one. You know I’m for “balance” because it says nothing and won’t put me on the record for anything or against anyone or commit me to doing something tomorrow that I’m afraid to say today.
Very well said….Like the TX gov. said “Why you know, the cause of unemployment is people being outta work” and Dance a little 2-step….(Best Little Whorehouse;)
I have that song in my playlist. Reminds me of all the slimy politicians around.
I’m old enough to remember when Reid was promising $1 in taxes for every $1 in cuts.
Say about 3 weeks ago.
The best outcome of this ridiculous Kabuki Show is that somehow none of these lying scum-sucking bottom dwelling CROOKS can actually get along and/or come to any agreement about anything. And so: nothing happens.
Seriously, it’s a pretty bad day when citizens hope for the govt to remain at a stalemate….
Agree that, for the principal of it, I’d love to see every office holder at the fed level cease getting paid, and more importantly, cease getting *any* benefits or *any* pension. They’re all millionaires with mega-rich pals. Let them pay their own d*mn way.
Funny…it is a treasure. Glad someone remembers….
With 2 Bushes + Jeb ex gov….pretty big Gov tit (Wonder if W still takes the TX gov retirement; #1 must get lots: Former rep, CIA, VA. Let them give it all back ;)
Extend or cancel the Bush tax cuts? Again? I’m going out front now and scream.
I don’t disagree with anything said. When I first heard about this super congress I became quite irate at the idea that (1) it was being divided equally between the two parties which I don’t think reflects the Congress and certainly not the thinking of the people and (2) it was an incidence of supreme arrogance in that only the two parties were in it and (3) the whole idea was completely undemocratic in that it was intended to jam down our throats what we had never voted for and (4) that Obama’s betrayal of those who voted for in 2008 just knew no end and (5)……………… We will need to keep a good sense of humor from here on out.
They made gazillions on their defense investments retirement pales. Plus they have access to everyone’s data.
Isn’t a forgone conclusion we are going to get the same deal as last time, extension for the rich in exchange for extension of the middle?
Why would the need to include anything more?
Charles R. Larson over at COUNTERPUNCH says:
“If we could levy a fee of one penny for each share bought and sold in the United States, the income from the NYSC Thursday’s trades alone would have been $150,000,000.00—no insignificant amount—since each share of the volume has a buyer and a seller. But we can’t do this because Grover Norquist would have a hissy fit.”
How’s that for balance building.
It is not about solving our problems it is about transferring wealth. The deficit dialogues covers the larger impending issues of wealth transfer, economic growth, jobs and effective policy. Their heads are in the sand until they are squeezed. They just sell stock and buy gold and sit on their assets.
Best idea yet! Been promulgated before. Maybe they do not want a solution.
What the fuck alternate reality do these fuckers think we live in?
Wow. Just f’ing wow.
And yet, not immune from corporate ‘pressure’.
Expressed as a percentage, it’s been called a “Tobin Tax.” Would raise many billions ongoing at just a fraction of a percent. Would only materially affect the Wall Street stock flippers (including programmed trading).
Should face a legal challenge re. being unconstitutional….Yeah, I know who the SuprCt is….
Made a cat food sauce for my pasta tonight. A little garlic, onion, olive oil, diced tomatoes and herbs. Deeelicious. I think we can do this and that’s what the PTB are counting on. The ingenuity and resilience of the U.S. public never lets them down.
are you a communist or something?
“are you a communist or something?”
No. Of course not. We killed them all in Vietnam or have them corralled in Cuba. Except for a few in the nudie commune growing gingseng a few miles from here. We’re awatching them!
spot on – but with Kerry already selling the “grand Bargain” and its age 67 Medicare, Max is the one to save us! :-)
Meanwhile perhaps we should alternate calling the budget deficit ‘super committee’ CATFOOD 2 with calling them the focus group tested slur “death panel 2″.
Death Panel got the reactions that built the Tea Party – perhaps Death Panel 2 will get progressives a reaction such that our replacement for Obama gets traction.
I’ve always mused over how the Jews in Germany were so successfully herded into concentration camps and killed.
As a 70 year old, I’m beginning to feel a change in the way the country views seniors (and also the poor – oh, and teachers). Worse, I can feel my view of myself starting to shift.
I’m old (or poor – or a teacher). Rather than contributing to economic growth, I’m a drag on it. I suck down my doses of Social Security and Medicare (or Medicaid or my public service job benefits). I don’t deserve this. Bankers need their big bonuses. CEO’s must be freed to become even greater job creators. Better that I die now for the greater good. Where can I line up for the gas chamber?
Fellow Seniors (and poor folk – and you teachers), either we shuffle off willingly to the gas chambers (even the economic versions) or we begin to fight back.