Sunday, October 27, 2013

GOP: We’ve been lying all along. And the people know they still are....

SOTH John Boehner finally admits that all the fiscal cliffs, sequestrations and budget battles they created are, indeed, artificially fabricated by ideologues and self-interested politicians and not the result of some imminent crisis that’s out of our control. And if Republicans can lie then, you know they will lie now and even worse.

And there steps they can take right now — steps that deal with the debt in measured ways that do the least harm to the overall economy. Those include starting to phase out the Bush tax cuts, which show no correlation with job growth and yet are the single largest driver of annual deficits; starting to reduce defense and war spending, which, job-creation-wise, is one of the least effective ways for the government to spend money; starting to move the United States toward the least costly, more efficient, and more effective single-payer healthcare system (The affordable Health Care is the beginning of doing that) that most industrialized countries have. And that lowers overhead for employers; and starting to spend more money on social programs that fight economic inequality, with the understanding that driving down such inequality tends to boost macroeconomic growth and consequently boost public revenues (this is the Reagan-esque idea of growing one’s way out of debt).

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