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Paul Krugman Calls Out Republicans on Their Empty Fiscal Cliff Proposal
Paul Krugman is responding to the Republicans’ deficit bluster by calling out their empty fiscal cliff proposal.
Here is the video:
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Transcript via This Week:
KRUGMAN: I mean, I think it’s actually — it’s not just numbers, because we have — we have a basic difference in outlook. And I think part of the problem is the Republicans are unable to actually make concrete proposals. If you actually look, all that talk we just heard about, you know, deficits and China and Greece, which is all nonsense, but all that talk about how we need to deal with this and ask, what is the Republican Party currently proposing? What have they actually put on the table? They put down some numbers, but what specifics?
And if you look at all of things that they’ve concretely mentioned, all of their actual proposed spending cuts, on, you know, raising the Medicare age, cutting the price index for Social Security, it’s about $300 billion…
(CROSSTALK)
STEPHANOPOULOS: Higher Medicare premiums on the wealthy.
KRUGMAN: Yeah, it’s tiny. They’re — what they’ve actually put on the table is almost nothing. All of the rest is just big talk. So how is the president supposed to negotiate with people who say, “Here’s my demands. By the way, I can’t give you any specifics. Just make me happy”?
Republicans are putting nothing on the table. Even though the voters made it clear which position they support, Republicans are still trying to fight the ideological battle over how the deficit should be reduced. That question was already answered on Election Day, but congressional Republicans have taken the negotiating position of offering nothing while demanding everything.
The White House and Democrats have responded to this tactic with a shrug and by saying, “Ok, have it your way. But you’ll be the ones explaining to the American people why their taxes went up and their services were cut.” The big difference between 2010 and 2012 is that Democrats aren’t playing along anymore. Republicans can have their temper tantrum, but as long as they continue to behave badly, they are going to get nothing from Democrats.
If House Republicans insist on acting like children, they are going to be treated like children.
Krugman was correct. All that the Republicans have offered so far is the same empty talk that we’ve already heard in 2010 and 2011. Congressional Republican leadership isn’t putting anything on the table, and this is why with 23 days left to go, there is no deal in sight.
Later in the segment George Will rested himself on that old Republican crutch, the Ryan budget. Krugman responded that the Ryan budget is a fake document, which was actually the perfect word to describe the Republican position in these negotiations.
Fake.
House Republicans presented a fake proposal loaded with fake claims (Social Security must be cut), but they are expecting real results.
Republicans are trying to fake President Obama, congressional Democrats and the American people into giving them what they want. But if they aren’t careful, they may fake themselves right off the fiscal cliff.
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as promised
Dec. 9th, 2012 at 3:43 pm
I fail to see why Repubs keep pointing to “entitlements” (poor phrase) as the ONLY option for cuts. That’s BS!! Military spending automatically rises every year, look there. Subsidies for mega-corps like big oil are another place to look. What directly affects people and their livelihoods should be the LAST place we look for cuts.
Why why why are they so mean?
Reynardine
Dec. 9th, 2012 at 4:02 pm
For an answer to that, try hiddenmurder.blogspot.com.... It’s an old article, but not outdated, and basically a capsule version of Naomi Klein’s “Shock Doctrine”.
djchefron
Dec. 9th, 2012 at 6:30 pm
All i can say is WOW.I cant even muster a WTF to your link.Deep down you know whats happening and,I just don’t know what the future holds.
sandppppr
Dec. 10th, 2012 at 11:58 pm
The American People need to go after Congress’s entitlements. Congress needs to retire on Social Security, use the Affordable Healthcare Act and Medicare just like the rest of us. They do not need their ‘special’ entitlements. If they had to live like the rest of us, they would defend SS, AHA, and medicare.
Shiva (Moderator)
Dec. 11th, 2012 at 12:14 am
Amen
ikallicrates
Dec. 12th, 2012 at 9:44 am
They’re called ‘entitlements’ because our taxes pay for them, so we’re entitled to receive them. Probably only George Orwell could explain why so many people seem to think that entitlements are things we’re not entitled to receive.
Fedup
Dec. 9th, 2012 at 4:44 pm
This being as fake as we have all known for some time what the hell is there point of punishment on the real American people and I’m not even considering the plutocrats. What they have been holding on to since the POTUS took offfice there obstructionizm and ultra, I repeat ultra racism is beyound disgrace. They should start taking responsiblity for the 98 % of the people and stop worrying about your lifetime ambitions political and otherwise to accommodate the rich. There are not enough plutocrats and tea baggers ( they have destroyed the historic Boston tea party name) to re-elect all you haters of this place
ninety eight % of us call home. DO WHAT’S RIGHT
Anne
Dec. 9th, 2012 at 5:09 pm
They aren’t saying anything that they haven’t been saying for the last 2 years. The difference is that now they have painted themselves into a corner that they can’t get out of. If they do what the president wants, they alienate their nutjob followers, but if they do what the nutjobs want, Americans will end up blaming them rather than the president. As for Lyin’ Ryan, his “budget” has been examined repeatedly, and just as frequently been found lacking.
Elizabeth 44
Dec. 9th, 2012 at 5:59 pm
What the Republicans seem totally unable to grasp is that they have no leverage. The Democrats have nothing to lose by going over the “cliff”. Things like unemployment can be fixed in early January with a more people friendly Congress. The Republicans are going to take the fall for their inability to understand that they are crosswise to the will of the people.
Thinking Person
Dec. 10th, 2012 at 3:13 am
Why Are these guys saying this? We, the People, HAVE already taken $1T in cuts – Already! Plus the transfer of 40% of Americans wealth.
This is ridiculous. These men have a scarcity viewpoint. Sure, $1117T in arms sales a year. There is plenty of money.
We are not going to listen to silliness!
We are abundant and we want the money spent to our priorities NOT the lobbyists and Papa Politicos!
This is ridiculous. We are not having two sides because the country is lopsided! 2% to 98%!
Yes, that’s right! I am not happy to have pay anymore!
Everyone should write in the priorities WE want. Our system has been bleeding out favors economic and political for 60 years.
No one in power wants to admit it! We are not in a position to say one for you, one for me. NOt after stealing for so long.
City, State, Federal tax breaks, land deals, the use of our best infrastructure.
Either build our country or our selfishness is going to be the end of us!
There is no way around investing in America and its going to cut into the top wage earners because they built the system to favor them for so long, they’ve destroyed the very economic foundation of this Country.
I wish they would stop saying rich people are being blamed! No, the economic policies are being blamed and I don’t want another 2 months let alone another 2 years of lobbyists and rich people placing their vote every single day! I can’t compete, I don’t have that kind of money.
Now, if someone can’t see what a problem that is and has been for our democracy, then, really, what’s the point?
Andrew Rei
Dec. 10th, 2012 at 1:54 pm
Since the treasonous Norquist pledge is a part of this…..
Let’s call the Norquist pledge what it really is: TREASON! Why is it treason? Because of the conflict between the pledge and the oath of affirmation, something all politicians take when they enter office the first time (or when they return after an absence). The pledge is to the people a politician represents, not him, so says Emperor Palpatine (my nickname for Norquist)…the huge problem with that is it doesn’t matter…when you take the oath of affirmation, you pledge to “support and defend the Constitution of the United States against all enemies, foreign and domestic”. You’ll note that no words in the oath say anything about pledging loyalty to people, just to the Constitution. So, any pledge to any one person or group of people is a violation of the oath, which is treason. Remember that nearly every GOP politician in this country has signed this pledge, which means arresting all of them for treason would create a logistical nightmare in government. The “that was then, this is now” argument is irrelevant…nearly every GOPer serving is a traitor, pure and simple.
I had a spirited instant-message discussion yesterday with a female African-American Facebook friend of mine. She told me that she thinks “deep changes” need to be made to the Constitution because it wasn’t written with her in mind. I had two points to make in response to that. First, the Constitution is a living document and, in a testament to that and its effectiveness, there have been only 15 net new amendments to it since it was written and ratified in 1787. There are 27 amendments, but it was written with the first 10, also known as the “Bill of Rights”, and two of them, the 18th and 21st, cancel each other out as the 18th established Prohibition and the 21st repealed it 14 years later. The second point was a lot more controversial in her mind and she didn’t agree with me on it. I’m a former five-sport official (football,…
clarence swinney
Dec. 13th, 2012 at 3:39 pm
Progressive my eye
TOTAL TAXES
Tax Paid Federal-State-Local 2010
Lowest 20%=16.2% of Income
second 20%=20.7%
middle 20%=25.1%
fourth 20%=28.5%
next 10%=30.0%
next 5%=31.1%
next 4%=31.3%
top 1%=30.
Total=28.4% (#3 least lowest in OECD)
Bottom 90%=27.9%
clarence swinney
Dec. 14th, 2012 at 12:40 pm
TAXES—WHO PAY MOST OF THEIR INCOME
————–1%—-middle class
Income—-23%——-8%
Payroll—-2%——–10%
(state sales7%——–10%
property
excise)