Back again, right? Every couple of months or so we are faced with a manufactured fiscal crisis. Again, this is by design, not by necessity. The Republican party – particularly the hard core of yargle-bargle types known as the “tea party” – has long pursued the practice of enormous deficit spending while they hold the White House and austerity when they are in the opposition. This time around, it’s austerity with a vengeance. Sure, the president signed on to this sequester deal, but it was in response to another manufactured fiscal crisis, brought on by the newly-installed G.O.P. Congress in 2011. In other words, if it wasn’t the sequester, it would be the debt ceiling, or the budget, or some key appropriations bill – anything to jam up the works.
There is nothing surprising about this. Grover Norquist, patron saint of the cheapskates (and clearly someone who did not like eating his peas when he was 4), articulated it quite clearly when he said, in effect, when Democrats are in power, force them to rule like Republicans. Parse out the irony (as mentioned earlier, Republicans are much more generous with presidents of their own party) and you can see the sense in what they’re doing. Of course, it goes beyond that. I think most Republicans are smart enough to know that the kinds of cuts they’re advocating will result in a second recession. That works to their political benefit. Winning is paramount to them, even (and perhaps especially) when they lose. If they can discredit a Democratic president, so much the better.
The Democrats are enablers of this continuing train wreck. They were handed the reins in 2009, and instead of meeting the financial crisis with a response of an appropriate magnitude, they allowed conservatives to talk them down to a small-bore strategy that simply was not sufficient to pull us out. The stimulus worked to the extent that it was designed to work; when the money ran out, so did the steam. Now we are in what Krugman rightly calls a depression – an economy that is not shrinking, but not really gaining ground either – and all Washington can talk about is cutting the freaking deficit. The problem is unemployment, not short-term debt. Fix one, and the other will take care of itself. Want to solve long-term debt? Stop maintaining health insurance as the province of private profit-making industry; expand Medicare and you will make it solvent.
How do you get these people to do the right thing? To borrow a phrase from V.S. Naipaul, a million mutinies now. Tell your representative and your senators that you want them to invest in the economy, not starve it.
luv u,
jp
