My experience with politicians is that they actually do tell you their plans, if you scrutinize their statements enough. Such is the case with Kent Conrad. He introduces the Bowles-Simpson plan as a baseline today in the Senate Budget Committee. But as he plainly tells Ezra Klein, the goal is not to get a budget resolution. The goal is to create the conditions to pass Bowles-Simpson after the 2012 elections. It’s right here, off the top (emphasis mine):
Ezra Klein: The House took up a version of the Simpson-Bowles plan about two weeks ago. It failed, 382-38. Why should we believe it will do any better in the Senate?
Kent Conrad: I’m hopeful because, as a country, we need to address the fiscal imbalances that we all know are there. This is the only bipartisan plan that has been constructed, other than Domenici-Rivlin, and voted on by members of Congress. It has been followed in large measure by the Group of Six, another bipartisan effort. And it provides, I think, the best building block for confronting the deficit challenges. We also know that at the end of this year we’ll face the end of the Bush tax cuts and the sequester. So we’re moving towards a period in which people are going to have to act.
EK: Have any of your Republican colleagues expressed openness to the legislation?
KC: I’ve heard from some of my Republican colleagues who have called me and said you’re doing exactly what needs to be done but we’re not going to be able to do something like this until after the election. And I think that’s true for many Democrats as well. That’s why I modeled not only the policy after Simpson-Bowles, but the process, too. Simpson-Bowles put the vote of the commission after the 2010 election to try and insulate it from politics as much as possible. That’s what we’re trying to do here by going to mark-up today and laying out the plan but saying clearly that I don’t expect a vote after the election.
I think that last part should read “I don’t expect a vote until after the election.” And if you just make a cursory analysis of what Conrad’s up to, you see the plan here. The “markup” today isn’t really a markup at all, just a compendium of statements and the introduction of Bowles-Simpson as a baseline. Conrad knows that the fiscal cliff in the lame duck session could operate as a forcing mechanism to get legislation that normally wouldn’t be considered. So he’s very explicitly trying to remove accountability for this vote by setting up a process where Bowles-Simpson could be considered after the 2012 elections, when the parties are up against the wall on both the Bush tax cuts and the trigger cuts.
One positive element of Conrad’s plan is that, because he introduced it as a budget resolution, he actually couldn’t include changes to an off-budget program like Social Security. So the increase in the retirement age is gone. But most of the rest remains: the 2:1 ratio between spending cuts and tax increases, the cuts to Medicare, the “magic asterisk” holding health care expenditures to a certain level with no actual policy prescriptions for how to do that. As Conrad says, compared to the expiration of the Bush tax cuts, this is an overall tax cut of $1.8 trillion.
Conrad adds that today’s fake markup will “kick off a conversation and a negotiation that has us ready for what we’re going to face at the end of this year.” Some experts, like Stan Collender, are dismissive that anything of note will happen in the lame duck, and that the can will get kicked down the road again. But you can clearly see that people like Conrad, who is retiring at the end of the year, has a game plan to “move whenever the time comes,” as he puts it. So the deficit hawks are planning. And he who hesitates is lost.





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Great analysis, David. But you didn’t look quite deep enough. If you had you could see Zero’s fingerprints all over this.
(BTW, aren’t you supposed to be in Spain or some such place, and not blogging much?)
Stan Collender was late to pick up on how serious the last debt ceiling crisis was too. The lame duck session could in fact be a doozy, with the Bush tax cuts, the debt ceiling, and the sequestration battles looming, whoever wins the election.
The translation of “addressing the fiscal imbalances that we all know are there” is “we must get rid of anything that is an impediment to the motu sucking more money out of the treasury and leaving the population at large more indebted.
These people really don’t like democracy.
Waiting until after the election, but before the new session, to bring out the knives.
This was Mr Obama’s baby from day 1. He thought up the commission, established its purpose and appointed its members. He was and remains devoted to the idea that this will be his great legacy, which is why the damn thing will not die, no matter how many times it is killed.
They are determined that it will happen, and, by God, it is going to happen.
The austerity that is being imposed on the European countries one by one, is being imposed on us. We will be ruled by a new order of global financial royalty and aristocracy through corporations instead of national governments.
End of the Year 2008, The first wave of the Dubya crash was shored up bipartisan style with Obama sliding in as Dubya slithered out. The cure – Throwing billions to the banks which had faciliated and profitted from the Finance Insurance and Real Estate Pump and Dump.
Everybody knows we have a fiscal crisis and the way to the cure is to crush the Middle Class.
Doesnt ol Kent look finely turned out in his Turnbull& Asser 200.00 pima cotton shirt? ah the 1%
http://www.turnbullandasser.com/
http://www.turnbullandasser.com/
“Five years earlier, before the financial crisis, the largest banks’ assets amounted to 43 percent of U.S. output. The Big Five today are about twice as large as they were a decade ago relative to the economy, sparking concern that trouble at a major bank would rock the financial system and force the government to step in as it did in 2008 with the Fed-assisted rescue of Bear Stearns Cos. by JPMorgan and with Citigroup and Bank of America after the Lehman Brothers bankruptcy, the largest in U.S. history.”
http://www.bloomberg.com/news/2012-04-16/obama-bid-to-end-too-big-to-fail-undercut-as-banks-grow.html
Oh, gee, where will the bloodsuckers get their blood from?
“And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”–Sen. Dick Durbin
What is the difference between getting sold out in the lame duck session and getting sold out in 2013?
LOL….”Keyboard Warning”
Gotta see this: http://www.theonion.com/articles/obama-launches-more-realistic-i-have-big-ideas-but,27953/
Elect Romney and the Republicans and you get Bowles/Simpson. Elect Obama and the Democrats and you get Bowles/Simpson. Your choices are Evil and Eviler.
Pity there aren’t other choices. No, hey, don’t pay any attention to Dr. Jill Stein and the rest of the Green Party.
http://www.jillstein.org/
Or Stewart Alexander and the Socialists.
http://www.stewartalexandercares.com/StewartAlexanderFlyer.pdf
And the American public being the passive dolts that they are will timidly step up to their masters with bowl outstretched whimpering “more gruel, Sir.”
The U.S. electorate is undoubtedly the most passive, ignorant and indoctrinated electorate in the advanced industrialized world.
The Republicans are clearly the enemy of working Americans, and yet it is always the Democrats who stab us in the back. American politicians and the fat-cats who own them are undoubtedly the most despicable scumbags ever to crawl the face of the Earth. I would declare that our country is doomed, but those same politicians and fat-cats have ensured that the entire planet will be uninhabitable within a few years, so of course the whole world is doomed. The collapse of civilization, catastrophic climate change and planet-wide mass extinctions are the price we will all pay for the greed and gluttony of the 1%.
If Obama loses, the lame duck session will allow the Clinton tax rates to return by doing nothing – thus cutting 4 billion from the deficit and ending the Obama attack on Social Security and Medicare – and folks like Conrad can climb back under a rock as they will not have Democrat President giving them cover.
If Obama wins we get the GOP wish list from Obama via Conrad.
With a Romney the Congressional Dems will block the GOP wish list.
Now one more time – why should I not vote third part this year as I vote progressive Dem only down ticket? I see that many in our little 2 to 5% of the electorate that is the left base is coming to the same conclusion – as a severely flawed Romney now ties or wins in the polls – but I am sure some WH staff person can explain how Ralm/Obama were correct to say FU to the left during the last 4 years.
Eat the rich, or at least feed them to the pets.
I disagree….only about 95% of them. The rest of us are pretty smart and well informed.
You REALIZE that IF the Mayan calendar IS correct….everything is moot. :-)
OTOH, I do agre with everything you said.
Dude……you’re preaching to the choir as far as I concerned.
Did you order your “Jill Stein” beer stein yet?????? :-)
You’re a whole lot more politically savvy than some people give you credit for.
OTOH, let’s spare any filthy, rich, attracive actresses.
The old “we’re all doomed, nothing to do but die” meme works very effectively for the tiny percentage that controls us through…indoctrination.
and they like it that way…go figur
Well, one group of people who knows President Obama’s role in the eventual result of Bowles-Simpson with an on-going historical perspective are those at FDL. Remember this?
Hedge Fund Billionaire Pete Peterson Key Speaker At Obama “Fiscal Responsibility Summit,” Will Tell Us All Why Little Old Ladies Must Eat Cat Food
Yet another reason to tell the Democratic Senate Campaign Committee to take a long walk off a short pier when it pesters you for donations.
Not that more proof was needed, but Conrad is showing how that the Democrats love the Bushbama tax cuts. Absolutely nobody has to act for us to at least partially return to Clinton-era taxation (we’ve still got Social Security Tax Cuts), but instead the Democrats are all about starving the beast and austerity.
That hammering sound you hear is the framework being built for the total Rat-Fuck coming against the middle-class and the poor.