While collective deficit hysteria fully grips Washington, what the American people really care about is jobs and the economy. According to a new CBS News poll, 38 percent of Americans think the most important problem facing our country is the economy and jobs. Second is the wars in Iraq and Afghanistan at seven percent. Health care comes in third at about six percent, and all the way back in fourth place, with a mere five percent, is the budget deficit and national debt.
I have said it before, but since members of Congress are descending into highly destructive deficit insanity, it needs to be said again. The American people don’t really care about the deficit. They consider it to be an issue that should eventually get addressed but is a low priority right now. As common sense would dictate, with almost 10 percent official unemployment and a serious problem of long-term unemployment, what the American people care about is jobs.
When the poll specifically asked people for the most important economic problem facing the country, the top response, again at 38 percent, was jobs and unemployment. That number is even slightly higher when you consider that three percent chose the issue of jobs going overseas. The collective topic of budget, national debt and government spending was the top priority for only 10 percent of the country.
For Washington politicians to obsess about the deficit at the expense of job creation and protection is clearly not what most Americans want their leaders to do. Doing the opposite of what the voters want is an even worse political move, considering that increasing average real disposable income is a significant predictor of how well the incumbent party will do in the next election. So, refusing to extend unemployment insurance, continue COBRA subsidies and provide aid to local governments to prevent massive teacher layoffs right before an election is a bad move for the party in power. It is even worse because the main excuse given for the focus on the deficit, bond vigilantes, is nothing more than a Washington, DC fever dream with no basis in reality. The cost of American borrowing is still much lower than even a few years ago.
So, this deficit hysteria is not only misguided policy and morally cruel but also extremely bad politics. The pollsters and political advisers who have convinced Democrats to focus on the issue at the expense of aiding regular Americans are either secretly trying to destroy the party or are incompetent. Either way, they should have been fired yesterday.




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keep saying it!
If they do not care so much about the deficit it’s because they do not understand it. Many do not.
Obama is killing us with his deficits. It will all catch up with us. It will catch up with you people too.
“His” deficits? Ahem, I believe these just might belong to you-know-who.
Bush and the Republics created the deficits.
How much of a cut in “war” spending would you agree to? Can we cut DOD by, oh say, 30 %? That would sure help with deficit reduction, dontcha think?
The US has to create 125,000 new jobs a month just to keep up with population increases from births/immigration. One way to bring that number down is to reduce immigration to New Deal era levels. Of course during the New Deal we had a Democratic Party that actually gave a crap about working people, so we know that’s not going to happen.
Yeah, the deficit is ever so important to folks who are unemployed. I don’t know why the federal deficit is so much more important than the deficit someone who is among the long-term unemployed experiences daily.
Fucking amazing. So out of touch.
Oh fer cryin’ out loud. Get with the program. The point is to balance the budget on the backs of the middle class so it can be given back in tax cuts for the rich in another decade or so.
If you listen to NPR and C-Span that’s all they talk about: the deficit. They also disparage the Europeans who actually fight the corporatists. There is not outlet for us in this country–leftists. Liberals are corporatists here. There is no left.
Until the whole thing collapses I don’t see how anything will change. Even then, Obummer might not raise taxes or cut defense spending. We might go the way of the Soviets–a hollowed out civil society w/lots of bombs and MIC. It happened pretty fast with the Soviets, even with glasnost. We don’t even have the equivalent of glasnost because the elites are sill wedded to a false ideology. It might implode worse than the Soviets.
What exactly are HIS deficits? The TARP program was started under the previous administration and is not a long term program like say medicare. The two wars, now worth a trillion dollars, were started under the previous administration as well, though one could now say that he is further entangling the US in Afghanistan, so okay attribute future spend there. The latest health insurance overhaul is paid (where there is a government entitlement) by tax increases on “Cadillac” plans, other costs are offset by potential savings in the system, but hey okay there probably is some deficit spending in there, but not to the point where is “will catch up” with us in your doomsday scenario.
Entitlements also date back to FDR and LBJ (for the most part) so again why are they HIS deficits? With all that said, you’re an idiot.
“The pollsters and political advisers who have convinced Democrats to focus on the issue at the expense of aiding regular Americans are either secretly trying to destroy the party or are incompetent.” Actually, you could say the same thing about President Blue Cross.
It doesn’t matter what the “people” think but what the plutocracy wants.
I don’t believe those poll numbers. If 62% of CBS’s respondants think the economy is not the biggest problem, then they must have been polling at their country clubs or in Goldman Sachs offices.
Obama has “jumped the shark.” Pass it along.
I think it’s also an attempt to “defer” the costs of entitlement programs by making components of them private. Essentially raising the risk for the taxpayer, while increasing the bottom line for the privileged few. What bothers me so much is how unnuanced the debate is on place like NPR, where there is no recognition that a long term commitment (war, medicare, etc…) is different from sort term extensions of unemployment and of course capital expenditures in the form of infrastructure improvements. Still we have a demand problem, and these geniuses want to further cut money that would fuel the demand side of the equation, prepare for a spiral!
I agree with a lot of what you said.
The USA media has been taken over by corporations/govt, the media of the 1960′s was killed on purpose.
The USA masses are brainwash daily with foolishness, where is Lebron James going to play basketball is a bigger news story than the USA going into a depression or the Gulf of Mexico being killed by BP.
The USA media also treats Rush Limbaugh, Sarah Paling, Fox News, like legitimate news sources, they are clowns in the circus, distractions.
A key element of the USA media is to keep US citizens distracted and confused. The only issue in the USA since 2008 has been JOBS.
US citizens have never stated in any poll that something was more important than Jobs.
the capital of the USA now resides in New York on madison ave.
the so call liberal media that is owned by rich conservative republicans controls most of if not all US politicians.
Well here’s the problem, voters SAY they care about jobs and the shrinking middle class, but then vote for Republicans who are doing their damndest to make the rich richer and the middle class impoverished. They SAY they hate the way health care is rationed in this country, but then vote against anyone who tries to change it. They SAY they don’t like endless war, but then vote to keep Bush and Cheney in office. They SAY education is important, but then vote for people like Sarah Palin. No wonder politicians have to twist themselves into pretzels to get elected. The people voting for them can’t tell the difference between a blue sky and a red car.
Just look at the other things on that list …
The American people wanted a “public option” and didn’t get one. They also wanted a properly regulated market, near as I can tell.
They way want us out of Iraq, and we’re still there.
And those who do obsess about the deficit generally don’t want one.
Yet somehow, this is not how things are. I think I’m noticing a pattern…
People have to understand the linkage here:
It was important to reinflate the Wall Street bubble again so that the catfood commission could gut Soc Security and make private pensions and pension investments in stocks appear like a rational, reasonable, even appealing, alternative.
Fake HCR was necessary to give the impression of having done something for the public, and as a prelude to gutting Medicare. (The appearance of having done something about medical cost containment enables the argument that, even with cost restraints, we just can’t afford everything Medicare has promised. Of course, nothing was really done to bring down costs, esp. on prescription drugs.)
It is important to get “comprehensive” immigration reform (i.e. a path to the Democratic ballot box for illegal aliens) so that the corporations can have their alternative labor pool. (Alternative to hiring citizens and legal aliens at decent wages and with safe working conditions.)
Most importantly, it was necessary to have Dim majorities and a faux Dim President to accomplish all of the above, because under a Repug Congress and administration, Dims would have fought back purely for partisan election advantage.
“[Hillary] Clinton has pledged to double the recently announced supply of American weapons to Somalia’s “transitional government” — a weak reed cobbled together by Western interests from various CIA-paid warlords and other factions, and now headed, ironically, by the former leader of the aforementioned fledgling state overthrown by Washington. (Yes, it is hard to tell the players without a scorecard — or even with one. But if you follow the weapons and the money, you can usually tell who is temporarily on which side at any given moment.)
Clinton, bellicose as ever, accompanied the shipment of 80 tons of death-dealing hardware with a heavy dose of the wild fearmongering rhetoric we’ve come to know so well in this New American Century. As AP reports, she declared that the radical faction al-Shabab, now leading the insurgency against the transitional government, has only one goal in mind: bring in al Qaeda and destabilizing the whole entire world.”
http://www.chris-floyd.com/articles/1-latest-news/1989-leading-by-example-elites-apt-pupils-launch-surge-in-uganda.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+empire_burlesque+%28Empire+Burlesque+-+Chris+Floyd%29
You know I’m not quite so hard on the American people if only because there is this general sentiment of anti-incumbency, premised for many cycles now on people being fed up with vampire corporations and elites. The solutions differ to be sure, but one thing does seem certain, we could swap out the entire Congress and I doubt things would change too much. The fact of the matter is that to get office requires vast sums of cash, cash that you start to “earn” the very day you get to DC. For what it’s worth I cannot foresee any meaningful change until we dramatically change campaign finance laws.
In reply to PhilK @13
Most people still are employed. It’s not hard to believe, particularly in the “me first” culture we have here, that the majority of them have other priorities. Health care and war are big issues, too. The environment is potentially as critical as the economy. Fiscal policy is normally important – it’s just not a big issue right now.
I’d say if your kid was in Afghanistan right now or was unhealthy due to some condition that was treatable but you couldn’t afford, your priorities might be different. Lots of people have different situations from yours or mine. They just asked about the top priority, not the things we think are important.
According to the the Center on Budget and Policy Priorities, the Bush tax cuts for the rich are the biggest factor in the deficit. After that, it’s the costs of Iraq and Afghanistan and the costs of coping with Bush’s Great Recession.
Unless President Obama breaks another campaign promise, the Bush tax cuts will expire in January and the deficit comes way down.
My favorite term the $40,000 a year millionaire. They have several “concerns”: 1) They think they will be rich sometime in their lifetime, so tax rates need to be low for when they hit it big; 2) They think that lower taxes for the wealthy spurs job creation, despite the fact that American corporations are sitting on mountains of cash; 3) They hate entitlement programs, not because they don’t like the idea of a social safety net, but because they think people that benefit from those programs are lazy (hence this non-sense about extending unemployment insurance). With all that rolled up comes with the idea that government is intrinsically bad and business intrinsically good (cept maybe for a few errant individuals, but the “free market” will take care of them right, right?).
I’m not defending tinman here, but cutting DOD by 30% would put many millions of people out of work. It might be fun for spite, but it’s bad politics.
The MSM has been hitting them with DEFICIT, DEFICIT, DEFICIT for so long they just assume it is important.
In the early part of the 20th century (1900-1930), the American public was for the most part a lot more left wing economically than today. They were more right wing in terms of social/cultural issues. Things have inverted as you see.
Rich corporatists like Bill Gates or the Apple Guy are right wingers economically, but culturally liberal. They hate unions, hate paying their employees an honest wage. They are exploiters of the worst sort. This is true of our liberal elite (Clinton, Obummer, et al). They do not care about the working man. Notice how populism is a dirty word? They are also disgustingly technocratic and soulless.
How did this inversion occur? You know–how did the working class become so right wing? I’d say the Sixties cultural changes are to blame for a lot of it. I think Thomas Frank makes this point.
We need to cut out the things we don’t need – the really expensive stuff. Then those people could go back to making refrigerators, tvs, etc. – we could buy the technology from Japan. :)
The way these austerity measures and this catfood commission is playing out feels almost exactly like the run-up to the Iraq War. Did anyone have any doubt at all that we were going to invade despite better evidence and reasoning to not do so? It was the same kind of one-sided media coverage afraid — or too stupid to ask the hard questions.
Meanwhile the village is all in a tizzy about deficits but only deficits as they relate to Social Security or other entitlement programs, not military spending, and certainly not a close examination of tax increases for the top income brackets. It’s an echo chamber, the type of which in the Bush administration the left would be howling over, but this is one of the few websites dedicated to exposing this lie. The veal pen is full of enablers for this shit.
The Democrats have controlled both houses of Congress since 2006. They’ve done so little good and in fact have done a lot of bad that people apparently just assume the Republicans were in charge or it could be that now it’s so hard to tell the difference between Republican leadership and Democratic leadership as they’ve both do the corporatist warmongering civil rights abusing things.
Tom Coburn was on Washington Journal this morning. Most callers were concerned about jobs and the failure to pass unemployment extensions. Coburn kept up with the same old platitudes of mortgaging our children’s future, deficits, blah, blah, blah. I guess he doesn’t realize the humger facing our children now. Others mentioned the Medicare Part D that wasn’t paid for, tax cuts for the rich, not paid for, two wars, also not paid for. His only answer was ‘I wasn’t there then’. Well he hasn’t done a fucking thing to remedy any of those things and still parrots tax cuts for the rich. The have no intention of listening, because their motto is. ‘fuck you, I’ve got mine’.
Don’t worry about the deficit, just get those relief checks out to the needy.
What the hell is another broken campaign promise. He’s broken all of them so far, may as well keep his record intact.
Im trying to find the figure, but without luck, but isn’t it true that Military Spending is the least efficient when it comes to job creation and the government dollar? It’s something like infrastructure > government workers (teachers, police, bureaucrats) > military. So while in the sort term if you gutted the budget by 30% and lost 30% of the jobs in the military sector, ideally and equal increase elsewhere would have a better jobs impact.
Have you noticed the last few days the veal pen has started spinning the “Bush tax cuts weren’t really tax cuts” message.
There’s also plenty of infrastructure that needs repaired, replaced or created from scratch. “Deficit spending” on that would be essentially investing.
Hey Tinman: When companies add plant and equipment, they consider those expenditures to be long-term investments, and they are often financed with debt. If done intelligently, these investments pay off down the road. (This ain’t exactly rocket science.)
Lesson: It isn’t about “deficit spending” per se. It IS about how that money is spent. Right now, it’s being spent very stupidly – which may very well have already doomed the Obama presidency. He had a chance 18 months ago, but he pissed it all away being a corporatist tool.
America has a model to create jobs. The reality of WWII created jobs. War jobs with a benefit driven by survival. Here America is again at war but this time with energy and its cost, and the regressive nature of that drag on our societys evolution?? As the cost of energy increased jobs have vaporized………..
Obama as Senator supported and voted for TARP and as President he’s also spent TARP money. Why should Obama not be held accountable for TARP? If Obama had voted against TARP, then I could see that he shouldn’t be held responsible for it (if he hadn’t gone out of the way to spend TARP as President), but having someone vote for it and then holding them blameless just asks for politicians to behaive even more irresponsibly than they already do.
few talk about it but our nations sewer systems are disgustingly in need of modernization.
Yup. And the fact that a few hackers operating from somewhere off shore could (arguably) take down our electrical grids should tell us something.
“I’m not defending tinman here, but cutting DOD by 30% would put many millions of people out of work. It might be fun for spite, but it’s bad politics.”
Bad politics??? Fun for spite???
Those people are employed to kill for corporate profit, they can do without that job.
TARP is still a band-aid fix regardless of who initiated it. Yes he voted for it and yes it passed a Democratic Congress, but it’s not a long-term commitment. Also note that this was in response to a someone stating that this is Obama’s deficit, implying that he did something meaningful to create this problem. Maybe he acted in chorus, TARP, but does that one act alone mean it’s HIS deficit?
Regardless of how wasteful the policy was/is and arguments about its effectiveness, it’s still not a long term thing for which we need to budget.
My conspiracy theory du jour is that the deficit hysteria is being conjured up. I’m sure I have no patent on this idea.
Like all conspiracy theories, this one posits a scenario problem, i.e., is it likely that savvy politicos like Obama, Rahm, and Axelrod are suddenly confused about what the voters really want?
Nor do they seem like hysteria-prone guys to this writer.
And why would our Congressmembers–who got where they were by knowing what the voters want (even if they had no intention of satisfying them)–suddenly can’t figure out what we all are shouting at the top of our lungs we WANT?
You get the drift. It might be a case of Naomi Klein’s “Disaster Capitalism,” where the elite create economic emergencies and cash in on making them worse. We’re next in line, and in this case, the emergency is being conjured up. Maybe that explains the weirdness.
Our leaders have no more intention of delivering on jobs than they did of delivering on health care. As many at FDL have noted, it’s all kabuki.
Some satire to ease the soul: Never Trust a Democrat
With no Bush Tax Cut, there would be no deficit. With no war in Iraq, there would be a surplus. Why is there any question about this…I just don’t get it.
Wow, Perry, I don’t know what to say. That’s really something. Wow, again.
“Also note that this was in response to a someone stating that this is Obama’s deficit, implying that he did something meaningful to create this problem. Maybe he acted in chorus, TARP, but does that one act alone mean it’s HIS deficit?”
Then nothing is ever any President’s deficit (or war or anything else that involves approval from Congress) since it is always done in chorus. However, things are pinned to whoever the President is even when things are done with the approval of Congress. Given Obama’s approval of TARP, I think it is fair to hold Obama accountable for it. If as Senator (and Presidential candidate) Obama had faught TARP, then I would think it would be unfair to hold the cost of TARP around his neck, but that didn’t happen.
The polling that shows a high preference for solving the lack of jobs and dwindling middle-class is not the one our politicians are most interested in knowing about. The poll that matters is the upper few percent of the population that control the majority of the wealth of this country. That poll cares about the ability to hold onto all of their wealth and power while paying for the rest of the economic ills on the backs of the folks that lost the class wars.
Timofrey Gutner and Fat Man Summers need a third yacht so they can do jello shots with Obummer under a midnight moon.
As you say, they can do without that job. Even were non-military jobs added to this economy via appropriate means the cost per employee when factored against the standard additional spending for military employment would be significantly less. The whiz bang remote drone jobs would go away and that would be a good thing. The same goes for armaments and weapons systems.
I tend to agree with you on the relative unimportance of deficits as a priority for voters, with the following qualification. The Republicans are fertilizing this meme they created that the reason the economy is not getting any better is because the private sector is afraid to invest out of concern over future taxes to cover the deficit. Economically, this is pure nonsense, but that won’t prevent it from gaining traction amongst the alternate-reality right wing, even more so due to the WH putting so much emphasis on deficit demagoguery themselves. It irks Democrats, and rightfully so, that the deficits are literally 90-95% the consequence of Bush-era decisions (his tax cut for the wealthy, the two wars, and the recession). But it is a mistake to attempt to extract political gain for this at the expense of additional stimulus spending. It plays right into the Republicans’ hands, as the US economy is going nowhere without additional government-driven demand, as any competent macroeconomist will explain to you.
The Democrats need to get rid of the Rubinite/DLC types. Obama’s new OMB guy (Jacob Lew) is Rubinite who used to be high up at Citigroup. As long as Rubinite DLCers are in Democratic leadership, the Democrats will work for the bank executives and other corporate elite.
It’s important to point this out for one reason above all others: It is further proof of the complete and utter disconnect between the needs of The People and the wants of The Party and The Company. (For anyone who missed it, I’m now referring to all members of “both” parties as belonging to “The Party” and all for-profit enterprises who line The Party’s pockets as “The Company.”)
The People need jobs.
The Party needs to differentiate itself so it seems there’s a reason for The People to vote.
And The Company has trimmed the total number of the employed to just about where it wants that number to be; another few percent and their payroll costs will be just right.
Public Opinion doesn’t even enter into the equation. And why should it? It’s not like this is a democracy or something!
It takes a DLC Rubinite “OBAMA” to know a DLC Rubinite,”Jacob Lew”
until we wrap our heads around the idea, that Obama lied his way into the white house, we are not going to conquer the enemy.
the art of the trojan horse = Obama
Exactly. That’s why I’m not freaked out about the R’s taking over. The Dems are arguably worse. I will vote, if I bother to vote at all, for a 3rd party candidate as I have done for the past 20 years. Yawn, anyone care to join me? or shall we continue to go for least worst or perhaps worst.
Dead on. No progress is possible with a populace as stupid as this.
All the people crying about Bush.. please keep weeping. That solves no problems. Bush was/is retarded. Things are effed up. If and when the economy recovers and people get jobs, those tax receipts will pay for deficits. People don’t mind a government deficit, they care where that money is being spent. People don’t believe Barry has been spending the money correctly. Since he said that the money spent the past 1.5 years would save/create jobs. He was wrong. People don’t believe him to spend more money on entitlement programs, because they never go away and become increased liabilities for all taxpayers.
So please keep blaming Bush and accept no responsiblitiy of getting it right.
Ha! Nicely stated.
Hard to hold Obama innocent in the blame game for changing a Clinton $ 6 billion forecast surplus into a $6 billion deficit over the same period.
My rough numbers – which I ran buy a few other old folks once in the game – are that about 55% of the change is Bush tax cuts and spending increases for things like war and Medicare drugs and TARP and the GM bailout, with the rest due to the recession’s reduced tax income and increased safety net outgo, and Obama spending on stimulus and Afghan war and refusal to cut back on military spending growth lest GOP calls him a wimp. Since the recession is a Bush gift, Obama is in for about 10% of the turnaround from the Clinton Surplus to current deficit – problem of course is Obama can not sell ice in the tropics unless the GOP tells him to do so – so he can not sell blame Bush because the media – the corporate owned media – tells him to stop blaming Bush and to act like a man and take responsibility. And Obama is such a wimp he does what he is told by the media.
What is Obama – and is bad – is the current projection that the deficit is only cut in half – which implies that Obama wants to keep much of the Bush tax cuts and increased military spending. He really is Bush’s 3rd term except for the selection of judges – where is more Bush41 than Bush43.
6 billion is obvious 6 trillion – but I live in the past where budgets just were not in the trillions.
Jobs, baby, jobs.
Unemployment for Republican Senators and Ben Nelson….
Yeah, it’s not so much that 30% needs to be “cut”. It just that the resources which the military is sucking up needs to be shifted toward civilian needs. We aren’t going to save money here, we just need to spend it better.
Shift 30% of the DOD’s R&D budget over to NASA and DOE. Shift 30% of the remainder over toward domestic infrastructure spending.
“Unemployment for Republican Senators and Ben Nelson….”
In other words replacing all incumbents.
I was listening to NPR Marketplace the other day. They explained that our Senators want to take on the unemployment problem but thier hands are tied because the public is more concerned about the deficit.
The starving peasants are worried that the royals might not have enough cake to eat. Yes, yes, that’s the ticket!