“Super Congress” Budget Deal a “Turkey;” a “Lesson in Investment Theory of Political Parties”

ht to David Swanson

Institute for Public Accuracy

THOMAS FERGUSON, thomas.ferguson at umb.edu
Ferguson is professor of political science at the University of Massachusetts, Boston and a senior fellow of the Roosevelt Institute. He said today: “Even by American legislative standards, this deal is a turkey and it’s totally appropriate that the new bipartisan Congressional committee should have to report at Thanksgiving. The U.S. economy is plainly stalling out, but beginning in October, the bill enforces sharp cuts in annual appropriations — about $300 billion. It’s obvious that tax rises will not be a significant part of the package: if you couldn’t get any now, what are the chances you can later, with a presidential election even closer? And the noises coming out of Washington today about possible cuts in Medicare falling only on providers and not program beneficiaries are hot air and in D.C. they know it. Because the bill’s second stage opens up the entire tax code to revision, it also guarantees a bonanza in campaign contributions for candidates of both parties next year. This bill is an expensive lesson in what might be termed the investment theory of political parties: that both parties represent big money interests, with the Democrats now representing old Republican positions and the Republicans in some new political hyperspace, where normal math and economics no longer apply — for a while. In time, I think, the popular reaction will be fierce.”

http://www.accuracy.org/release/super-congress-budget-deal-a-turkey-a-lesson-in-investment-theory-of-political-parties/

May this sham be unmasked for what it is.

As long as they can eat as many Big Macs as they want, and watch Dancing with the Stars, they ain't rebelling against anything.