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Tuesday, December 11, 2012

The Budget Thugs: What Do They Know About the Economy?

The Budget Thugs: What Do They Know About the Economy?:


The Budget Thugs: What Do They Know About the Economy?

Monday, 10 December 2012 11:06By Dean BakerTruthout | News Analysis
RheeWhat would Michelle Rhee (pictured center), the hero of the "school reform" movement, do to a public school teacher if all of that teacher's students had huge drops in scores from the prior year? The economic experts among the Debt Fixers all fit this failed-teacher description, says Dean Baker. (Photo: Brendan Smialowski / The New York Times )Ed Haislmaier, a senior scholar at theHeritage Foundation, made himself famous in this video where he appears to be assaulting people protesting a conference organized by Fix the Debt. While this act of bad temper may be uncharacteristic of the public behavior of this corporate-sponsored crusade to cut Social Security and Medicare, it does reflect the way in which they hope to bully their agenda through the political process.
The line from Fix the Debt, an organization that includes the CEOs of many of the country's largest corporations, and allies like The Washington Post is that we better have cuts to Social Security and Medicare because they say so. Note that they did not try to push this line in the elections. Everyone knows that cuts to these programs are hugely unpopular across the political spectrum.
The Fix the Debt strategy was explicitly to wait until after the election. They would