How the world’s biggest spenders attack the most conservative government spendthrift since Eisenhower
Speaking to House Democrats Friday,
Bill Clinton reminded his audience how
repugicans’ concerns about the deficit depend on who is in the White House.
Having eliminated the deficit he inherited from Ronald Reagan and
George H.W. Bush and then being forced to watch the work he did be
erased by George W. Bush in months, Clinton knows better than anyone how
convenient the repugican cabal’s deficit “concerns” can be.
After we’ve created jobs for 35 months in a row and are finally seeing real
evidence of a housing recovery,
the repugican cabal has decided that they are willing — no, glad! — that the
sequestration that they voted for in 2011 is going into effect, even
though the CBO has made it clear that this would
threaten 1 million jobs and likely put us back in recession.
But the repugican cabal is fine with this because they say it was the President’s idea, which is like saying that paying a ransom was the
kidnapped child’s mother’s idea.
The sequestration only exists because the repugican cabal took the debt limit
hostage for the first time in history in 2011 and demanded cuts that
have proved to
hurt the economy.
I believe they did this because repugicans understand better than
anyone else why they won in 2010. It wasn’t because they cared about
spending or debt or even Obamacare —
growth in spending under Obama is lower than it’s been since the 1950s.
The repugican cabal won in 2010 because the economy sucked.
So they slowed down the recovery in 2011 to try to repeat their
success in 2012. Because the president made the right choices with the
measures to rescue the economy in 2009 and eke out a second stimulus in
late 2010, it didn’t work.
Now in 2013, the repugican cabal is willing to go right into a sequestration that they admit
will “help the enemy” and “tank the economy” because
Charles Krauthammer has convinced them that they they will be able to blame it on the president. Hey, it worked in 2010!
The choose this path as if the State of the Union won’t give
President Obama a chance to lay out the reality of the situation: repugicans prefer cuts that kill jobs to ending tax breaks on big oil,
private jets and hedge fund managers who pay lower tax rates than
nurses.
The Transom‘s Ben Domenech says the president has
misjudged the repugican cabal:
This is a post-financial crisis, post-TARP, post-bailout repugican cabal, where concerns about unrestricted spending and out of control
budgets take precedence over concerns about spending at the Pentagon.
Mark this wishful thinking for when the repugican cabal does in some way cave on
the sequestration. Domenech is imagining that the libertarian forces of
the tea party have won out to the essence of his cabal, which is to
pleasure defense contractors, bankers and polluters who will all suffer
if the cuts go into effect. I’d have to believe something like this to
be a repugican these days, too.
But the truth is much darker.
The only reason the repugican cabal is even willing to consider letting the
sequestration go through is because they’re willing to sabotage the
economy. A freeze in defense spending and reducing nuclear weapons
stockpiles would be welcome measures to restore fiscal sanity.
But cuts now, austerity now, will have the same effect here as they are having in the UK —
recession and more debt.
The repugican cabal has been willing to blow up the debt for three decades. They
were willing to stall the economy in the mid 90s with government
shutdowns. But since Bush destroyed the repugican cabal's brand with reckless
warmongering, fiscal insanity and undeniable incompetence, they’ve
dropped all pretense.
They’re willing to do just about anything — from
stopping people for voting to sabotaging the economy — if it will help them get power. The least we can do is point that out.