The Mudcat Café TM
Thread #119159   Message #3027623
Posted By: Amos
09-Nov-10 - 11:13 AM
Thread Name: BS: The Bush Years In Retrospect
Subject: RE: BS: The Bush Years In Retrospect
"...You can't have a coherent conversation about deficit reduction if tax increases are off the table and the country is still at war. This is fantasyland economics, the equivalent of believing that John Boehner can fly.

People traveling in the real world understand that the federal budget deficits are sky high because of the Bush-era tax cuts, the costs of the wars in Iraq and Afghanistan, and the spending that was needed to keep the Great Recession from spiraling into another Great Depression.

Even if deficit reduction right now were a good idea — which it is not, given the sorry state of the economy and the vast legions of the unemployed — the deficit zealots have no viable plan for getting their misguided mission accomplished.

What's needed now is the same thing that has been needed for the past two years and more, a bold plan to put millions of Americans back to work and paying taxes, and a careful, thoughtful, strategic but unequivocal withdrawal of U.S. troops from Afghanistan and Iraq.

If we don't engage these two issues effectively, there is little hope of getting to the other enormous challenges facing the country, including the metastasizing presence of poverty, the worsening problems facing already chronically underperforming public schools, and the deteriorating economic and social conditions that have drained the vitality of so many cities, rust-belt communities and rural areas.

The golden doors of opportunity are closing on America's young. The United States, once the world's leader in the percentage of young people with college degrees, is now a sorry 12th among 36 developed nations, according to the College Board.

As a society, we've lost our way, and there is no chance of getting reoriented if we can't find the courage to make some really tough decisions about warfare, taxes, public investment, the crying need to educate all young people, and the paramount importance of gainful employment as the cornerstone of a revitalized America.

Great sacrifices will have to be made if the U.S. is to get its act together, and those sacrifices will have to be shared. We can start now, or we can wait and continue to fantasize about an eventual triumph in Afghanistan, or about cutting budgets with some magic cleaver until they're finally balanced and all's right with the world, or whatever other impossible dream is floated by the chronically dissembling political class to blind us to the real world. "


NYT Columnist Bob Herbert