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Thursday, Jul 8, 2010 12:08 AM UTC2010-07-08T00:08:00Zl, M j, Y g:i A T

The terrible politics of deficit reduction

Obama is helping the GOP by rolling over on unemployment benefits and talking tough about spending

President Obama and David Axelrod

President Obama and David Axelrod

Chris Matthews threw me a curveball on “Hardball” today, asking whether I thought it was possible President Obama is tackling big issues because he’s made peace with the possibility he’ll be a one-term president, and isn’t playing politics for the sake of reelection. You can watch the video below.

I wasn’t sure where to begin with that, it seemed not true on so many levels. I believe Obama is fully focused on reelection — and I think that’s fine. I concede he’s tackling a lot of big issues, but that’s his job; he inherited two wars and a busted economy, he didn’t have the option to play small ball. I appreciate that he chose to tackle healthcare reform, apparently over the objections of Rahm Emanuel and his political team, according to Jonathan Alter’s “The Promise.” (I can’t help wondering, though, if Emanuel and David Axelrod wanted that story out there exactly because they’re his political team. See what a different kind of pol he is! He doesn’t think about politics!)

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Joan Walsh

Joan Walsh is Salon's editor at large.  More Joan Walsh

Thursday, Nov 10, 2011 9:02 PM UTC2011-11-10T21:02:00Zl, M j, Y g:i A T

Don’t even think about cutting the deficit

Until unemployment is back down to 5 percent, budget reduction shouldn't be part of the conversation

Job seekers attend the Minneapolis Career Fair

Job seekers attend the Minneapolis Career Fair held Wednesday, Nov. 2, 2011, in Bloomington, Minn.  (Credit: AP/Jim Mone)

This originally appeared on Robert Reich's blog.

On planet Washington, where reducing the federal budget deficit continues to be more important than creating jobs, everyone is talking about “triggers” that automatically go into effect if certain other things don’t happen.

Yet no one is talking about the most obvious trigger of all — no budget cuts until the official level of unemployment falls to 5 percent, its level before the Great Recession.

The biggest trigger on the minds of Washington insiders is $1.2 trillion across-the-board cuts that will automatically occur if Congress’s supercommittee doesn’t come up with at least $1.2 trillion of cuts on its own that Congress agrees to by December 23.

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Robert Reich, a professor of public policy at the University of California at Berkeley, was secretary of labor during the Clinton administration. He is also a blogger and the author of "Aftershock: The Next Economy and America's Future."  More Robert Reich

Monday, Oct 31, 2011 6:36 PM UTC2011-10-31T18:36:00Zl, M j, Y g:i A T

Armed Forces, military contractors, right-wing hacks all agree: Never cut defense spending

Despite DC consensus on the importance of "tackling the deficit," no one wants to touch the guns and bombs budget

the pentagon

 (Credit: Wikipedia)

Here’s a short list of things that most of the Washington establishment agrees on: The federal budget deficit is the single most pressing issue facing the nation today and also our military must always be powerful enough to face any conceivable present or future threat. When those principles come into opposition, regular people usually lose, because they are not cool stealth fighter planes.

Wired’s Spencer Ackerman reports from the Army’s “Unified Quest” event, in which the Army “holds a series of wargames and symposia to help it think about its needs for the near future.” Its needs generally include funding that matches or exceeds current levels.

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Monday, Oct 10, 2011 6:14 PM UTC2011-10-10T18:14:00Zl, M j, Y g:i A T

Politico holds contest to nominate best representative of Politico’s warped worldview for president

The Beltway elite opinion organ chooses its dream third-party ticket of deficit hawks and centrists

Michael Bloomberg and Erskine Bowles

Michael Bloomberg and Erskine Bowles  (Credit: AP/Reuters)

Politico has finally revealed itself to be a devilishly deadpan satire of idiotic Beltway thought with its “POLITICO PRIMARY,” an exercise in selecting a third-party “independent” candidate for president based on the only criteria that matter: fealty to the shibboleths of the political elite. I choose to believe it’s a wicked parody, because the alternative — that Politico’s Internet contest to pick America’s Next Top Centrist reflects the sincere beliefs of Politico’s editors — basically means that the Washington “grown-up” political class is completely divorced from reality, not just deaf to the concerns and needs of actual non-”Morning Joe”-watching Americans but wholly ignorant of the existence of a country outside their bubble.

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

Wednesday, Sep 14, 2011 10:15 PM UTC2011-09-14T22:15:00Zl, M j, Y g:i A T

Financier flirts with patriotism

Blackstone CEO Steve Schwarzman says he'd share the pain ... but would he welcome higher taxes?

Financier flirts with patriotism

This article is part of the Patriotic Billionaire Challenge, an ongoing project that tracks whether America’s billionaires would be willing to accept higher taxes in order to reduce the federal deficit.

Steve Schwarzman, chairman and CEO the Blackstone Group, a private-equity behemoth, made waves this week with a Financial Times Op-Ed that, on the surface, drew parallels to Warren Buffett’s August tax-hike manifesto, “Stop Coddling the Super-Rich.” We decided to take a closer look at the Schwarzman piece to see if we could glean his position on the Challenge.

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  More Peter Finocchiaro

Friday, Aug 26, 2011 4:10 PM UTC2011-08-26T16:10:00Zl, M j, Y g:i A T

Hurricane forecasting one of the many things GOP doesn’t want to spend money on

Every natural disaster now comes with a story of how Congress cut funding to detect or respond to it

Hurricane Irene spans nearly 1,000 kilometers (600 miles) in this satellite image

Hurricane Irene spans nearly 1,000 kilometers (600 miles) in this satellite image

Hurricane Irene is going to hit the United States’ east coast this weekend, as you have likely heard. It looks to be a pretty nasty storm, capable of causing billions of dollars of damage. The National Oceanic and Atmospheric Administration has been carefully tracking Irene, forecasting its path up the coast and its intensity. Of course, America’s Republican-demanded White House-encouraged austerity budget includes cuts to the NOAA. Cuts that will delay — by years — the construction and launch of an extreme weather forecasting satellite. So let’s hope there aren’t any serious hurricanes in 2016, I guess?

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Alex Pareene

Alex Pareene writes about politics for Salon. Email him at apareene@salon.com and follow him on Twitter @pareene  More Alex Pareene

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