Economist Paul Craig Roberts appears often on the Progressive Radio News Hour. He cuts through deceptive rhetoric, promises and policy.
Sham deficit cutting and tax increases over the next decade will do little to address the problem, he says. Whatever both parties agree, "the 'fiscal cliff' is going to happen either way."
Economic straight talk explains that "double-barrel (forced) austerity delivered to a faltering and recessionary economy" assures a greater problems than it solves.
Honest economists explain say stimulus, not austerity, is needed during hard times. Humans aren't nourished by starving them. Economies can't expand without growth producing investment.
Times editors didn't explain. Neither did writer Jonathan Weisman . On December 17, he headlined "Obama's New Offer on Fiscal Crisis Could Lead to Deal," saying:
Obama's "new offer (may) resolve the pending fiscal crisis, a deal (to) raise revenues by $1.2 trillion over the next decade but keep in place (Bush) tax rates for any household with earnings below $400,000."
Boehner proposed something similar. Both sides "expressed confidence that they were (close to agreement) well before January."
For starters, both parties agreed months ago to cut around $4 trillion over the next decade. Out years will be most affected. Future announcements will explain.
Greater cuts are also planned. Spending won't decline so deficits will keep rising exponentially. Neither party worries about them or debt. Saying so is doublespeak deception.
"Comprehensive tax reform" is agreed. Minor increases on super-rich elites will be offset by major corporate and personal income tax cuts.
Whatever's agreed on includes serious erosion of Social Security, Medicare, Medicaid, public pensions, and other longstanding safety net obligations.
Obama's on board. He agreed to wreck these programs over time. TimesSpeak conceals what's planned. Readers weren't told what they most need to know.
Bipartisan complicity planned selling out ordinary households long ago. It's coming incrementally in stages.
Social programs will be sacrificed on the alter corporate welfare, super-rich elitism, and America's addiction to permanent wars.