More than 300 economists, policy experts and civic leaders have signed a statement warning political leaders of “a grave danger” that the still-fragile economic recovery will be undercut by austerity economics of the kind being pushed by conservative politicians and by the White House deficit commission. Read the statement and related commentary on the critical choices we must make to revive the economy.
No doubt Republicans know the fight over extending the payroll tax is one they could lose. Thus, they've pivoted away from opposing the extension, and have presented a plan of their own — one that Timothy Noah says the Democrats should be willing to work with because it "doesn't stink."
Well, in my experience, just because you can't smell something doesn't mean it doesn't sink. Some things "pass the smell test" because of a faulty sniffer; not because they don't stink. And the GOP's payroll tax plan does so stink.
Sen. John McCain's comment last week that it's an "absolute disgrace" that current workers pay for the Social Security benefits of current retirees was bad enough, but the conservative policy alternative, and the fear-mongering that comes with it, is even worse. Here's how to attack it.