Durbin Not Optimistic About Grand Bargain

By: Wednesday March 20, 2013 8:41 am

One of the best pieces of news I have seen in awhile is that Sen. Dick Durbin (D-IL) is not very optimistic about a grand bargain being reached. He currently puts the odds at less than 50 percent.  From The Hill: The odds of a grand bargain deficit-reduction deal are less than 50-50, Senate Majority [...]

Iraq: When “Everyone” Is Wrong Together No One Faces Consequences

By: Tuesday March 19, 2013 7:44 am

On the tenth anniversary of the war in Iraq it is worth remembering how many people were deeply wrong. Top politicians in both parties, administration officials, reporters, columnists, and even many bloggers. They were wrong about the weapons of mass destruction, about the links to Al-Qaeda, and about how quickly the war would end. Over [...]

Pete Peterson Spent Half a Billion on Recent Push to Cut Entitlements

By: Thursday February 28, 2013 9:14 am

One of the big reasons that deficit hysteria gripped Washington for years despite dozens of more pressing issues is that Pete Peterson has spent the GDP of a small country propping it up. According to Joshua Green, Peterson spent half a billion on this current deficit push and plans to spend a half billion more. [...]

Sperling: Obama Wanted Sequester to Force Democrats to Accept Entitlement Cuts

By: Thursday February 28, 2013 8:41 am

The way Obama has handled basically every manufactured crisis from the debt ceiling, to the Bush tax cuts expiration, to the sequester has been about trying to force both Democrats and Republicans to embrace his version of a “grand bargain.” While it is clear this has been the driving force behind Obama’s decisions, if you [...]

Obama Refuses to Believe That Republicans Really Hate Taxes

By: Friday February 15, 2013 8:48 am

House Republicans really really really hate new taxes. This is one promise from the GOP I do believe. It seems almost everyone from their base, to their donors, to independent voters believe this. Despite a mountain of evidence the only people who don’t seem to believe this are a small circle of professional grand bargain [...]

Republican Anti-Tax Pledge May Again Be What Protects Medicare and Social Security

By: Monday January 7, 2013 9:25 am

The best hope for protecting Social Security and Medicare from benefit cuts during the next round of manufactured crises continues to be the Republican unwillingness to accept any new taxes. Top Republicans are very directly calling for benefit cuts in the next round of possible deals. Just yesterday Senate Minority Leader Mitch McConnell (R-KY) said [...]

Obama Will Keep Pushing for More Deficit Deals

By: Monday December 31, 2012 12:34 pm

Obama could have used this revenue-increasing deal to finally pivot to immigration, education, climate change, gun control or any of a dozen other issues that have been completely neglected while Washington has been overwhelmed with deficit hysteria. There is no shortage of more pressing problems in America that need to be dealt with. Instead Obama seems to be signalling that much of his second term is also going to be consumed with his desire to get a balanced deal to reduce the deficit, and in Washington “balanced deficit reduction” is basically the code word for cutting entitlements.

What I Care About Is the Social Safety Net

By: Tuesday November 13, 2012 10:05 am

What I care about as a progressive is the social safety net. We are an extremely rich country and Americans should not want for basic necessities. While there are some other reasons related to income inequality and marginal utility that I support taxing rich people, I primarily want them to pay taxes to fund a [...]

Wall Street CEOs Up Pressure for Grand Bargain in the Lame Duck Session

By: Thursday October 18, 2012 11:38 am

As soon as the election is over expect a powerful renewed push for a “grand bargain” that cuts entitlements. Already Erskine Bowles and Al Simpson have raised $25 million for the Fix the Debt campaign to push for a deal in the lame duck session, and we now have the top Wall Street executives laying [...]

Obama Second Term = Grand Bargain

By: Friday September 7, 2012 9:04 am

If President Obama’s obsession over the past three and a half year with reaching a “grand bargain” with Republicans on the deficit left any doubt about what Obama’s second term would be focused on, then his convention acceptance speech should put an end to that. The speech focused more on what Obama had done than [...]