While I am resigned to ‘cuts’, it will be those without political power that will suffer the most.
And that will break the ‘social contract’ of our Constitution.
Friends continue to remind me that, back in the day, when Obama first announced his plans to run for the presidency, I explained to them that, based on watching him in Illinois, he was one of the smartest and at the same time most moderate, middle-of-the-road Democrats around. He was not then, nor would he ever become, a “progressive.” Instead, he (along with much of the Democratic Party) was firmly in the middle of the mainstream consensus that austerity was inevitable. The only question was, how much?
Tim Duy, after witnessing Obama in the most recent negotiations over the fiscal cliff, comes to much the same conclusion.
From day one this has been a debate about the extent of the austerity, not a debate about austerity itself. Does anyone have the sense that President Obama does not fundamentally believe in the pursuit of deficit reduction sooner than later? I…
View original post 437 more words