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Opinion

Opinion

Letter: Multiple myths

December 20, 2012

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To the editor:

Your 12/17  Walt Handelsman cartoon shows Obama and Boehner teetering on the brink, each asking the other to get out and push. This cartoon deserves awards for condensation: It references an amazing amount of false conventional wisdom in a single misleading image.

  1. The “fiscal cliff” myth. Failure to reach agreement on budget issues by a certain deadline will not have sudden, catastrophic impacts. Instead it will cause initially small but slowly increasing hardships. 

  2. The myth of Democratic-Republican equivalence. This crisis is wholly owned by Republicans in Congress who threaten to shut down government if they don’t get their way on hugely unpopular cuts in Social Security and Medicare that the electorate  rejected in November.

  3. The myth that Obama won’t bargain. Obama has proposed quite specific revenue enhancements and relatively specific health care cost cutting. Boehner has never specified exactly what budget  items he wants to cut or what tax loopholes he wants to close.

  4. The deficit crisis myth. You’d never know it from newspapers, but majority opinion among taxation and macro economists says the best way to reduce the deficit is to get the economy growing faster with more short-run stimulus. The worst possible way is to follow Europe into an austerity-induced double-dip recession.

  5. The myth of a coherent economic narrative. The conventional wisdom is self-contradictory: the “fiscal cliff” story claims that making expenditure cuts will cause a recession, while the “deficit crisis” story claims that not making expenditure cuts will cause a recession. 

Comments

Armstrong 1 year, 3 months ago

Nice to see nothing has changed. 1300+ days no budget

0

Paul R Getto 1 year, 3 months ago

Both parties pander and spending never goes down, regardless of who is "in charge." When either side talks about a cut it is rarely a real one.

1

Karl_Hungus 1 year, 3 months ago

I'm going to fly to outer space and find another race, you cats are wack...word!

0

Gandalf 1 year, 3 months ago

You guys know, it's a shame the republicans didn't link tax cuts to reduced spending while bushco was running up a 10 trillon debt.

4

KansasLiberal 1 year, 3 months ago

From the title of this letter I was hoping that this was going to be about a sasquatch or chupacabra in Lawrence. I agree with the contents of the letter, but I'm still disappointed.

0

donttreadonme 1 year, 3 months ago

"...demos for spending, spending, spending."

Right. Where were you when Bush turned a budget surplus into a defict? When the GOP passed the Bush tax cuts without any spending cuts? When defense spending almost doubled?

It's easy to just cut taxes and not cut spending the GOP way. Like VP Cheney said, "Reagan taught us that deficits don't matter".

2

donttreadonme 1 year, 3 months ago

"disappointed_regressive whines like a... Root cause: OBAMA WAS NEVER VETTED BY THE CORRUPT MAINSTREAM OBAMA INFATUATED MEDIA"

When in doubt, blame the MSM. You sheep people need to get some new material. And if FoxNews is #1, then aren't they the MSM, too?

1

donttreadonme 1 year, 3 months ago

The only ones not buying it are the low information FoxNews voters, who get riled up by their millionaire pundits who don't want a tax hike.

But go ahead and blame President Obama for two wars on a credit card, Medicare Part D, NCLB, and the Bush tax cuts/deficit as you've been ordered to, sheeple.

1

disappointed_regressive 1 year, 3 months ago

Root cause:

OBAMA WAS NEVER VETTED BY THE CORRUPT MAINSTREAM OBAMA INFATUATED MEDIA

End of story.

Additionally, the low info voter voted under the illusion that Obama is "not one of them" ---them meaning the loathed DC insider. The media let this illusion blossom, watered, nurtured, fed and gave it hugs and kisses.

0

beatrice 1 year, 3 months ago

I think awards for condensation are all wet.

3

disappointed_regressive 1 year, 3 months ago

It is brilliant how the Obama camp has convinced America this is all Republican's fault. Brilliant!

The sheeple, Mr. Ghetto, are the ones buying this line of bull, hook line and sinker. No one (that I know) on the right side of the aisle are buying one single bit of it.

0

Paul R Getto 1 year, 3 months ago

Good letter. They will "solve" this in the end, but it will not be pretty. The SHEEPLE are the problem on both sides of the aisle. We want more than we are willing to pay for.

1

Richard Heckler 1 year, 3 months ago

If guns were the answer the USA should be the safest place on earth. I say put people back to work at no less than $17.50 per hour instead.... and remove assault weapons from the retail market. Now the USA might be on to something.

The USA cannot afford massive unemployment.

Massive Unemployment is not the answer to crime fighting nor the economy.

Massive republican home loan scams create crime and violence by putting millions out work and homes = depression and more crime.

Real good jobs = less crime and violence.

20 million jobs to replace the 20 million lost by way of leveraged buyout artists should fix the economy.

Tax Corp USA $75,000 for every USA job sent abroad each year that job stays abroad. Tax every leveraged buyout scheme another $75,000 per job sent abroad. INSTEAD of providing the tax code that protects the profits as a result of those USA industries and jobs sent abroad.

No one can prepare for terrorism because no on knows if or when terrorism will strike. Look at all the tax dollars spent on crime fighting yet crime is still on the rise.

Of course if 20 million unemployed had good paying jobs again there would likely be less crime and violence.

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