Dan Froomkin HuffPost Reporting froomkin@huffingtonpost.com
Austan Goolsbee, the chairman of the Council of Economic Advisers, singled out the GOP's public relations campaign against "out-of-control government spending."
Rightardiaa has run several of Goolsbee's Whiteboards on our blog.
Speaking at an Aspen Institute roundtable, Goolsbee said the Republicans calling for immediate but unspecified spending reductions are intentionally confusing the nation's long-term deficit problem with the short-term deficits due mostly to the recession.
We have known for 35 years that we have a fiscal imbalance that is associated with rising healthcare costs and the ageing population."
(Republicans) "keep saying and implying that it's about discretionary spending" even though "everyone in the know knows that's not correct.
Goolsbee also said too much focus on the long-term deficit can lead politicians to lose sight of what's required in the short run.
"The most important thing is to get growth," he said, warning that poorly-chosen or excessive spending cuts could instead endanger the recovery.
This is not the moment that you want to be saying, "OK, let's pull the rug out from under the recovery." Goolsbee added:
The problem with deficits is that you have to pay back the money, not that they drive up the interest rates.
Rightardia agrees. The basis of Keynesian economics is that the government should increase spending and cut taxes during an economic crises.
Defense spending would be a good place to look for waste because defense spending benefits a small cadre of defense contractors.
A good example is the US nuclear program. Very few US corporations are involved in this billion dollar industry in the production of nuclear weapons. Of course, the US just signed another START treaty with Russia to reduce out nuclear arsenal by 30 per cent.
Will the 'nuclear defense budget" be cut by one-third? This budget was actually increased by $5 billion for he next five years for modernization and another $600 million in funds was added to maintain the US nuclear complex next year.
Republican John Kyl started lobbying for even more nuclear modernity funds immediately after the Senate started working on the START treaty. Kyl said on the Us nuclear modernization commitment:
Most experts believe it’s going to require a little over one billion a year for at least ten years, so you are in the order of 12, 13, maybe 15 billion over the course of 10 or 12 years.
Will the GOP also attack programs that have nothing to do with the current financial crises like Social Security and Medicare? You betcha!
source: http://www.cullmantimes.com/local/x2072622472/Beason-Dems-don-t-want-to-solve-illegal-immigration-problem
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On the other hand infrastructure programs like railways create lots of local jobs. it put contracting companies back to work. the recovery is making slow progress and this is not the time for a meat axe in Washington.
Austan Goolsbee
Austan Goolsbee, the chairman of the Council of Economic Advisers, singled out the GOP's public relations campaign against "out-of-control government spending."
Rightardiaa has run several of Goolsbee's Whiteboards on our blog.
Speaking at an Aspen Institute roundtable, Goolsbee said the Republicans calling for immediate but unspecified spending reductions are intentionally confusing the nation's long-term deficit problem with the short-term deficits due mostly to the recession.
We have known for 35 years that we have a fiscal imbalance that is associated with rising healthcare costs and the ageing population."
(Republicans) "keep saying and implying that it's about discretionary spending" even though "everyone in the know knows that's not correct.
Goolsbee also said too much focus on the long-term deficit can lead politicians to lose sight of what's required in the short run.
"The most important thing is to get growth," he said, warning that poorly-chosen or excessive spending cuts could instead endanger the recovery.
This is not the moment that you want to be saying, "OK, let's pull the rug out from under the recovery." Goolsbee added:
The problem with deficits is that you have to pay back the money, not that they drive up the interest rates.
Rightardia agrees. The basis of Keynesian economics is that the government should increase spending and cut taxes during an economic crises.
Defense spending would be a good place to look for waste because defense spending benefits a small cadre of defense contractors.
A good example is the US nuclear program. Very few US corporations are involved in this billion dollar industry in the production of nuclear weapons. Of course, the US just signed another START treaty with Russia to reduce out nuclear arsenal by 30 per cent.
Will the 'nuclear defense budget" be cut by one-third? This budget was actually increased by $5 billion for he next five years for modernization and another $600 million in funds was added to maintain the US nuclear complex next year.
Republican John Kyl started lobbying for even more nuclear modernity funds immediately after the Senate started working on the START treaty. Kyl said on the Us nuclear modernization commitment:
Most experts believe it’s going to require a little over one billion a year for at least ten years, so you are in the order of 12, 13, maybe 15 billion over the course of 10 or 12 years.
Will the GOP also attack programs that have nothing to do with the current financial crises like Social Security and Medicare? You betcha!
source: http://www.cullmantimes.com/local/x2072622472/Beason-Dems-don-t-want-to-solve-illegal-immigration-problem
Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA
Netcraft rank: 6699 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.
Permissions beyond the scope of this license may be available at rightardia@gmail.com.
On the other hand infrastructure programs like railways create lots of local jobs. it put contracting companies back to work. the recovery is making slow progress and this is not the time for a meat axe in Washington.
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