Showing posts with label Erskine Bowles. Show all posts
Showing posts with label Erskine Bowles. Show all posts

Wednesday, October 12, 2016

Oh snap: Postscript

Image via Giphy.
Thomas P. Friedman ("Can the U.S. Win This Election?"), better known as Thomas L. Friedman, Mystax Mirabilis, hopes Congress goes Democratic in an overwhelming way, so Clinton will be able to push through some Republican policy:

we have to hope not only that Hillary Clinton wins the national election but also that Democrats retake at least the Senate, so she has some real leverage to forge trade-offs with a more sane G.O.P. to start fixing things: putting in place common-sense gun laws, like restoring the Assault Weapons Ban, requiring universal background checks and making it illegal for anyone on the terrorist watch list to buy a gun; borrowing money at near-zero interest rates to rebuild our infrastructure; replacing some income and corporate taxes with a revenue-neutral carbon tax to stimulate more clean-energy production; fixing Obamacare; and implementing sensible immigration reform and responsible tax and entitlement reforms.
The bigger Clinton’s margin of victory, the less dependent she’d be, I hope, on the left wing of her party, and the more likely she’d work with Republicans, as she vowed during the last debate, by “finding common ground, because you have to be able to get along with people to get things done in Washington.”
I'll stick with that old-fashioned kind of logic, thanks, where the consequent is kind of attached to the antecedent, and the better the Democrats do the more ability they'll have to implement the Democratic platform, and the less power the Republicans have the more things can get done in Washington without them.

Don't know where Tom is hoping to get those votes for a carbon tax, revenue-neutral or otherwise, other than the despised "left wing of her party"; for Republicans, it's the worst of all possible tax hikes and permanently off the table, and Clinton herself has not been very supportive. The Sanders forces were unable to get her to sign on for it and had to make do with a deliberately ambiguous declaration that

Thursday, February 13, 2014

Credit where payments are due

Next time Mr. Bowles or Mr. Simpson or whoever else is humping that extremely dead horse is lecturing you about how the federal government has to learn to live within its means just like your family sitting around the dinner table deciding who gets to go to college and who has to stay home because obviously if there's only one pair of shoes in the house we can't all go out, can we?—next time, I say, instead of patiently explaining what a crappy analogy that is, why don't you just tell them that that's not how your family lives:

More than 70 percent of Americans have a credit card, and very few of us buy a house or a car without borrowing some money. Credit is so central to our lives that job applicants can expect to have theirs checked as a proxy for responsibility and trustworthiness. Life without credit is not only expensive; it’s also potentially ruinous.
Just saying.

Tuesday, November 26, 2013

The Fix-the-Debt is In

Drawing, for Munro Leaf's The Story of Ferdinand (1938), by Robert Lawson. Via Geocache.
The "Campaign to Fix the Debt", a self-publicizing organ created as a kind of benefit performance by and for the old vaudeville team of Bowles 'n' Simpson, has been sending me the occasional email ever since I attempted to troll them by honestly answering a fake "survey" on my feelings about the prospects of fixing the debt. There was one of those scrolling-response windows where you can watch your own little post appear at the bottom and then rise, magically, in the surging tide, and finally rapture out of the box; and glory hound that I am, I wanted to see mine there. I didn't: Fix-the-Debt had some kind of censor working that department, and negative things never showed, but back in the email department they still saw me as a customer and kept me on the list. So, in today's mail:

As fans prepare for the upcoming rivalry games, let’s all root for a victory over one of our biggest rivals, the national debt.
Take a look at the graphic and then share it with your fellow fans!

Saturday, August 25, 2012

"The real world looks a lot like the Simpson-Bowles commission"

I'm afraid a man who says something like that about how the world looks (Our Mister Brooks) is a man with a jaundiced eye and possibly worse afflictions. Liverish. Sicklied o'er with the pale cast of thought, but not thought at a very high level.
Portrait of Alan Simpson, with Erskine Bowles as a boil erupting from the Senator's shoulder. By Donkey Hotey, 2011.

Here's a Shorter Brooks for today (two for the price of one!):
1. I pick Paul Ryan because he knows that rising Medicare costs are the most scariest urgent problem facing our country!
2. But that is like so last Tuesday! Medicare, Medicare, Medicare, it's all he ever thinks about! Get a grip, Congressman, and do your duty!
All because—apparently Brooks just heard about it for the first time—Ryan refused to sign off on the Bowles-Simpson plan for deficit reduction (which Brooks insists on calling "debt reduction") in 2010, and refused precisely because it failed to do anything about rising Medicare costs, thereby showing his willingness to
sacrifice the good for the sake of the ultimate....
Paul Ryan has a great campaign consciousness, and, when it comes to things like Medicare reform, I agree with him. But when he voted no on the Simpson-Bowles plan he missed the chance to show that he also has a governing consciousness. He missed the chance to do something good for the country, even if it wasn’t the best he or I would wish for.
There's something about the Bowles-Simpson Commission, by the way, that hardly anybody left or right has seemed to understand very clearly: it was certain to fail from the outset, as certain as if the president had planned it that way. If the president did plan it that way, I would not be in the least shocked; indeed, I kind of hope he did, since that would tend to suggest that he knows what he's doing.

Because if a great part of the Science of Government (if not absolutely the whole, as Dickens had it) consists of the art of perceiving HOW NOT TO DO IT,  then the bipartisan commission, with its distinguished members chosen from inside and outside the legislature, and its solemn mandate, is the very archetype of the vehicle through which it is not done.

What even Dickens did not understand is that sometimes not doing it is really much the best plan. Thus in 2010, when the great cry came up from the bobbleheads across the land to do something about the deficit ("Mr. President, tear down this deficit!"), actually doing it would have seriously harmed our already badly wounded economy; but not doing it became extremely difficult as the legislators and eventually even the print press began taking up the cry.

I don't want to get into whether President Obama could or could not at this point have said, "No, actually Dr. Krugman is right about this one, we need a bigger deficit just now." He certainly had realized that Republicans in Congress wouldn't vote for anything with his name on it unless they were tricked into it in some extremely subtle way. He seems to have felt up against one of those Tough Decisions, which means a bad decision taken when you didn't want to think about a good one.

So the president set up his best defense: not just a bipartisan commission, but a bipartisan commission endowed with special powers. It had a blank check, as it were, endorsed by Congress, which agreed that any plan coming out of the commission should be regarded as law, as if the Congress had already specifically voted for it.

This provided what you could call an extra degree of fail-safe, in that in the unlikely event that Bowles-Simpson really did come up with the plan, Congress could immediately begin on the process of denying that that was what they had meant at all, and starting all over again. *

In the end this was not necessary, as Bowles-Simpson were able to tie themselves into knots without any outside help, thanks partly to Representative Ryan, and no proposal ever emerged from the committee's stringent rules, although one of them did get publicized a great deal. Instead we are now living with a different case of tricking Congress into voting for something it absolutely does not want, the famed "fiscal cliff" which is somehow going to have to be bridged by the lame ducks after the election.

I do wish my emoprog colleagues would stop referring to the Bowles-Simpson "plan" as representing what what that crypto–Gold Bug Barack Obama really wants, though. I'm sure he thinks the deficit ought to be tightened up, just as soon as everybody has lots of money and the tax receipts start rolling in, but not before then, and not with such a nasty instrument.

By the same token, I wish the Central Committee of the Panditry would ban their members from using it as the symbol of some kind of lost centrist paradise where for one brief shining moment everybody agreed to sacrifice themselves to a vision of the world as Tom Friedman wants it to be. It's just a piece of used ordnance in the war of How Not to Do It, that has served its embarrassing purpose and can now be forgotten.

For that matter, so is Paul Ryan. He's the vice presidential candidate, for Pete's sake! He used to be philosophically useful to the panditry as an example of how Republicans Have Intellectuals Too. He used big words and never got cranky if your attention kind of drifted away, and he had his famous budgets, these beautifully bound little pamphlets—say, what do you suppose was in those things?**

*Can God make a stone so big She can't roll it? Good question. Can Congress create a trigger so ineluctable they can't wriggle their way out from in front of it? No.

**Tthe House Budget Committee website offers richly produced propaganda for them, in written and video forms. Wikipedia's article on The Path to Prosperity links to PDFs of two of the pamphlets, which are more in your PowerPoint format, with substantial sections of ordinary prose.
AP photo.
To Brooks, the old symbolic Ryan was something you could really chew on as you thought about your next column, having so many little affinities with yourself, also a more or less clubbable Republican intellectual, and then because his subject was budgetry—eew!—you wouldn't go so far as to find out what he actually thought about anything. Math is for kids who go to public school. But now that he's descended into the fray of the presidential campaign, Brooks must look at any rate at his biography, and is inevitably somewhat shocked, shocked to find that there is negativity—negativity!—in this nominee. Poor Brooksie, you've got a lot of surprises coming in the next few months.

Sunday, July 22, 2012

Depends what you mean by credible

Talk to any credible economist, wire any serious politician to a polygraph, and you will hear at least 80 percent agreement on what is to be done: investment to goose the lackluster recovery and rebuild our infrastructure, entitlement reforms and spending discipline to lower the debt, and a tax code that lets the government pay its way without stifling business, punishing the middle class or rewarding sleight of hand. (Bill Keller, 7/21/2010)
I'm going to start referring to Krugman as the Incredible Economist.
From the Pulitzer Prize citation for David Leonhardt, NY Times, November 2010.
I'm intrigued by the image of the polygraph: why a serious politician in particular? Does it mean a serious polititican is more inclined to lie than a frivolous one? Or that they're all equally likely to lie but only a serious politician will know what the correct answer is? Watch out, Friedman, looks like you may have some competition!

Still, there's something going on here. Keller doesn't bemoan the absence of a president willing to try to stimulate the economy and balance the budget at the same time, because he knows we already have one, which is a big step forward in awareness, and he (and old Erskine Bowles) have joined what I thought was an entirely leftist crowd—well, starting with Senator Patty Murray last week, and then Matthew Yglesias—urging Democrats to play chicken with those Bush tax cuts, which expire at the end of the year, and also with the ghastly across-the-board spending cuts from the last budget pseudo-agreement, which kick in at the same time.

That is, after Boehner offers his next unacceptable budget, Obama could Just Say No, and then call a lame-duck session after the election to crank something out before January 1. I don't know, though, wouldn't that be affected (1) by what happens during the election, and more important (2) what the congresspersons, victorious and defeated, think happened?