Bipartisan Budget Deal

NEP’s Bill Black appears on The discussion is about the new budget deal and the fact that it secures austerity policies and fails to extend unemployment benefits. (Bill appears at the 8:00 minute mark).

5 responses to “Bipartisan Budget Deal

  1. 20% of American households have income of $250,000 or more? (06:20-06:30) If that were true, it would be “real news”. According to the Census Bureau, in 2012 it was $119,001 not $250,000.

  2. What I could find on the details of this deal were that the spending increase in 2014 is $45B, and then another $18B in 2015, compared to current law, and all the cuts ($85B) come “over 10 years”, including $28B in 2022 and 2023. That is, $5.7B a year for 8 years, then $14B a year for 2 years.

    The net is an increase of $39.3B this year, then another increase of $12.3B next year, compared to current law. It’s reducing austerity for the next 2 years, not increasing it. And it seems to assume that in 2 years, the $63B additional spending of 2014 and 2015 will not continue. If it does continue, it’s not $63B, it’s $207B in additional spending over 10 years.

    Of course, the methodology is bass-ackward, and the focus on the deficit is ridiculous, but to describe it as deficit reduction is just dishonest.

  3. Once again, party machine hack, the insipid and moronic Patty Murray (and her smelly tennis shoes) gave away the store to the neocons, as usual.

    Murray, along with fellow faux crat and neocon swine, Maria Cantwell (who loved to repeat that tedious overworn phrase, “Exotic derivatives that nobody understands!” — negative Cantwell, we fully understand financial fraud, something you’ll never admit to!), who has to be a financial genius who appears never to understand finance.

    After all, when Cantwell lost an election a few years back, she took time off to become an almost “instant” multimillionaire (most of us would say political payoffs, etc.) so Cantwell must be a financial genius?

    Yet, these two “financial geniuses” — Patty Murray and Maria Cantwell are ALWAYS giving away the store to their super-buds, the neocons!

    Pray tell why only the most uneducated would ever consider them to be dems?

  4. I have a suggestion for your comment moderation policy.

    Instead of moderating every single comment, which seems to me to be a waste of your time, perhaps you could only automatically moderate the first comment by a new commenter, and then allow them to comment freely without moderation after that. If someone starts posting insulting/offensive comments or massive repetitive rants you could give them a warning and then block them if they continue to post the same things.

    Just a suggestion. This technique seems to work reasonably well on other sites.

    • Thanks for your suggestion. As we have had many problems with people trying to use NEP for their own agenda and the preponderance of people who make ad hominem attacks, we have found it best, at least in the case at NEP, to moderate all comments. [admin]