Something you can’t even hear on cable: In this post, Digby make an important statement about the projected deficits being frisked in that super-committee. There is nothing new about her statement. In our head, we link it to Jonathan Chait.
There’s nothing new about this statement. But it’s almost never said:
DIGBY (10/27/11): Assuming you agree that it's important to cut the deficit right in the middle of an epic economic downturn, which I don't, keep in mind that simply letting the Bush tax cuts expire—in other words, going back to the tax rates in effect in 2001—will cut the deficit in half. Soooo, are these cuts to the safety net (which will impact people like this) really all that "reasonable?"For clarity’s sake, this means letting all the Bush tax cuts expire—not just those on the highest earners.
Let us add one point to that highlighted statement. Going back to the Clinton-era tax rates will cut projected deficits in half—and this will bring projected deficits into line with what budget experts think is a manageable level of debt. In other words, the whole debt crisis goes away the moment the Bush tax cuts expire.
How inept is the liberal world? To what extent has the liberal world failed to gain purchase in the discourse? Chait's efforts notwithstanding, very few voters have never heard what we just said. Most people have never heard that the debt crisis goes away the moment the Bush tax cuts expire—the moment we simply return to the Clinton-era tax rates.
(Update: Here's David Leonhardt stating this point, with a link to Chait.)
You never hear that said on cable. Most voters have never heard it at all. But that’s because our side is very weak—weak in the head; weak in the heart; addicted to silly name-calling and personality-driven cable clowning.
We liberals have been lazy, weak and ineffectual for a very long time. We aren’t very smart. And we aren’t extra-moral.
And here’s the part that’s really a puzzle: We can’t get over ourselves!