I was frustrated by William Kristol’s Don’t Be Seduced by the Sequester.
Kristol argues Republicans must be the grown-up party. The sequester
cuts will delay the deployment of two battle ships at a crucial time.
Per Kristol: Republicans should negotiate a more measured (and smaller)
reduction with the President even if means delays in spending cuts. Bad
advice! Believe me: The sequestered funds will be the only cuts in
discretionary spending we will get over the next four years. Any
Republican who walks away from the sequester for a future “compromise”
with Obama does not deserve our votes, contributions, or volunteer
efforts.
go to forbes.com
Paul R. Gregory's writings on Russia, the world economy, and other matters that he finds of interest.
Showing posts with label compromise. Show all posts
Showing posts with label compromise. Show all posts
Saturday, February 9, 2013
Wednesday, February 22, 2012
Krauthammer is Right: We Are Defunding Social Security
In my A Shame Republicans Let Politics Trump Economics, I bemoaned the terrible politics of “compromise” that led to the ill-conceived extension of the payroll tax cut.
Charles Krauthammer nailed this issue in recent commentary, which I heard on the radio (I cannot find it on Google). Here is the gist of what he said:
If this were a Republican administration, the Democrats and media would be screaming about a Republican plot to do away with social security. We should not allow the Obama administration to call this a tax cut. We should call it by its true name: The defunding of social security. What’s worse, we are defunding social security for short run political gain on both sides of the aisle. All economists know there will be no economic gain from such short term measures.
We have reached the strange point where Congressional Republicans are being congratulated for cooperating with the Obama administration for passing harmful legislation, both for the purpose of short-run political gain.
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