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Intro: "By next Wednesday, the so-called supercommittee, a bipartisan group of legislators, is supposed to reach an agreement on how to reduce future deficits. Barring an evil miracle - I'll explain the evil part later - the committee will fail to meet that deadline. If this news surprises you, you haven't been paying attention. If it depresses you, cheer up: In this case, failure is good."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)


Failure Is Good

By Paul Krugman, The New York Times

17 November 11

It's a bird! It's a plane! It's a complete turkey! It's the supercommittee!

By next Wednesday, the so-called supercommittee, a bipartisan group of legislators, is supposed to reach an agreement on how to reduce future deficits. Barring an evil miracle - I'll explain the evil part later - the committee will fail to meet that deadline.

If this news surprises you, you haven't been paying attention. If it depresses you, cheer up: In this case, failure is good.

Why was the supercommittee doomed to fail? Mainly because the gulf between our two major political parties is so wide. Republicans and Democrats don't just have different priorities; they live in different intellectual and moral universes.

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+45 # tinkertoodle 2011-11-18 11:48
So very very true
 
 
+42 # tedrey 2011-11-18 12:23
True, if we could count on not one Democrat shifting through pressure, threat, or bribery. As it is, I shall continue to be very very nervous.
 
 
+30 # Billy Bob 2011-11-18 16:50
I won't be surprised at all if at least one democrat caves in on this. I haven't seen ANY evidence of a willingness to fight among Democrats for the past 10 years.
 
 
+54 # NanFan 2011-11-18 12:32
But the biggest reason they need to just do nothing...I mean NOTHING...is that if the Dems really are on the moral high ground they would do nothing because if nothing is done, then, $450 billion in cuts from the military budget will go through social security and medicare stuff will be left intact for now. That's because, IF the DEMS don't do anything...those cuts to the military budget are automatic, as are the affects on SS and Medicare.

T'would indeed be time to celebrate. Failure is good; it teaches many lessons to those paying attention.

Thanks, Krugman, as usual.

N.
 
 
+64 # fredboy 2011-11-18 12:44
It is ironic that the supercommittee was formed to trim government spending, with Congress claiming that would boost the economy. Then, just this morning, I read headlines declaring "Supercommittee cuts could stall the economy."

Total, unmitigated bullshit on both counts.

Then I read about Gingrich and many other former members of Congress have been feasting on Freddie Mac's tit while Congressional members of their party--and Gingrich himself--decried Freddie Mac! Amazing!

We are being played, people. We are being played.

The first order of business MUST BE the reigning in of Congress and the banning of all consulting, lobbying, advisory and similar practices both while in office and thereafter. These vampires are draining our nation dry.
 
 
+14 # chick 2011-11-19 07:08
Good but before all of that let us vote out every Republican. That alone would be a big, big help.
The Democrats would listen to the American people with the Independent and great Bernie Sanders.

the Republicans keep saying the American people want this or that. Bull Sh--t.
the only people they listen to are the corporations and the Tea Party.
 
 
-3 # dorianb@fuse.net 2011-11-19 16:00
Chick: A sweeping statement always leaves something left out. Read the posts by ME BROWNING and OKIEANGELS before making "all or nothing" remarks which are neither reliable or appropriate.
 
 
+1 # AMLLLLL 2011-11-19 15:19
Sign the petition at getmoneyout.com! It's a step in the correct direction.
 
 
+57 # MEBrowning 2011-11-18 13:13
I wish Barack Obama had realized this simple, sad truth three years ago instead of selling Americans down the river time after time after time in his quest to reach a "middle ground" with Republicans. Our country might be in a very different situation today.
 
 
+22 # Okieangels 2011-11-18 13:25
You think he didn't know???
 
 
+7 # tomo 2011-11-18 16:36
Okieangels, I'm with you. Somehow the notion of a dumb Obama is impossible for me to take in. Holmes told Watson: "When you have eliminated the impossible, then what remains--however improbable--is what happened." What remains in the case of Obama is that he sold us out before the first night he ever slept in the White House. The fact he'd like to continue sleeping there for an additional four years is no reason to help him do that.
 
 
+3 # chick 2011-11-19 07:17
I totally disagree with you tomo. No one but I mean no one could take the insults thrown at him from the Republican party.

He heard the polls saying the people were disgusted with congress and wanted them to get along.

In spite of insults he tried "getting along". I think he has now awaken.

And some of the things he caved in was because he wanted to help the people out of work and give some health care that were hurting.

So he gets insults from the Repugs and from the people like you.

Give the guy a break, no president has ever come into his presidency not only with a broke america and with two wars going on.
When we have a true Democratic Congress then you will see him as a true fighter for the people.
 
 
-6 # dorianb@fuse.net 2011-11-19 16:04
Tomo, You speak with insight. Posters like CHICK need to reflect slowly and thoughtfully on what you have said.
 
 
-5 # KittatinyHawk 2011-11-18 18:13
Well his buddy the Clintons started this bipart bs.
 
 
+1 # dorianb@fuse.net 2011-11-19 16:17
His buddy, the Clintons??? Since when?
Bill Clinton was an effective negotiator and knew how to get along with and communicate with a bipartisan congress and he was a great President. Obama promised hope and change to the same people who are now feeling so hopeless and frustrated with his policies and priorities, they are Protesting not only WS which Obama has bandied up to but the unacceptable quality of life Obama's leadership has brought us to. "Finally waking up" is too late and toolittle for people who are unemployed. losing homes, impoverished, and angry at the current state of affairs. And what gives you the idea that some kind of awakenng has occurred. It's the same old same-oh.
 
 
-1 # chick 2011-11-19 07:09
True but on every poll at the beginning and on some still, it says the American people want Congress to get together on issues.

So he did try, but I think he finally woke up.
 
 
+8 # Billy Bob 2011-11-19 12:18
He was pretty selective about those polls though, wasn't he?

What about the polls that said 71% of Americans favored single payer?

In reality, his job isn't to please people who want to see him dead. His job is to please the people who hired him. That would be all those liberals he's ignored since entering office. We're the ones who voted for him in the first place. We're the only ones who would consider voting for him again.

I agree with the others. He's either an idiot or a liar. I really don't think he's an idiot.
 
 
+11 # fredboy 2011-11-18 14:07
The "middle ground" to Republicans is the economic enslavement of all others. Obama was raised and schooled in privilege and does not get it. We need a leadership who can relate to all the people and their challenges.
 
 
+14 # Scotti 2011-11-18 20:41
Quoting
The "middle ground" to Republicans is the economic enslavement of all others. Obama was raised and schooled in privilege and does not get it. We need a leadership who can relate to all the people and their challenges.


Fredboy, he was not raised in privilege. And I think he does "get it". But he's stuck with the political reality that a president, no matter how well meaning, cannot behave like a benign dictator in a system designed to have a balance of power and which gives Congress the purse strings. It was done that way on purpose by our Founding Fathers, of course, so that the President could not become a de facto King. And certainly politics were factious in their day too. In the musical "1776", John Adams says, "If Pro is the Opposite of Con, is Progress the Opposite of Congress?"
 
 
+1 # chick 2011-11-19 07:21
Scotti thank you, you said it better than I.
 
 
+1 # Billy Bob 2011-11-19 12:19
Why does that logic only apply whenever there's a Democrat in the White House?
 
 
+6 # R U Kidding Me? 2011-11-19 01:05
Since when are food stamps and low income housing priviledge. I would hate to see your version of poverty!
 
 
+4 # chick 2011-11-19 07:20
Thats the bull the Republicans are trying to hand out.
He mother raised him with the help and I repeat the help of her parents.

He worked hard to get good grades which enabled him to go to college and then Harvard.
 
 
+6 # AMLLLLL 2011-11-19 15:26
Republicans in general are threatened by democracy. Too much uncertainty. They would rather wallow in the Hell they know.

One instance is the appearance of Bristol Palin on DWTS. Her fans cheated right and left, making hundreds of phony votes, to make her win, even though she sucked. This is the mind-set: win at any cost, the end justifies the means.

The pity is that the majority of moderate Republicans don't even know they're being sadly used.
 
 
+18 # DPM 2011-11-18 14:11
I don't trust Democrats to do the right thing. I DO trust Republicans to do THEIR thing. Either the Democrats cave, in committee, or the Republicans will repeal the cuts to the military, at the very least, when no deal is reached. They're politicians, folks. It's what they do.
We need "citizen" politicians. Serve two terms, then out. Decent wage, no lifetime benefits, except respect.
 
 
+10 # Billy Bob 2011-11-18 16:48
You had me until "term limits".

Term limits are a HUGE advantage for repugs, because they usually outspend Democrats 2 to 1 in campaigns with all things else being equal.

The only thing that ever levels the playing field is when the Democrat happens to be an incumbant. It's repugs who want the term limits, because then, their unlimited campaign funding would make them invincible.
 
 
+4 # Regina 2011-11-18 21:46
And term limits would give us a steady supply of newbies for the old-head lobbyists to manipulate. That's no solution!
 
 
+2 # Billy Bob 2011-11-19 12:19
Thank you. That's another grim reality I hadn't even thought of.
 
 
-2 # dorianb@fuse.net 2011-11-19 16:27
The big spending of politicians and the incumbant, Obama are spending for their campaigns is obscene and should be done away with. We have seen, especially with Obama it has nothing to do with their intentions or aspirations as POTUS.
It's inauthentic, political game-playing AKA hogwash. They should contribute the millions-billions to the unemployed and impoverished.
 
 
+17 # angelfish 2011-11-18 14:12
Stay focused People, United, we will NEVER be defeated! The Power is in the Voting Booth! Justice is coming on Election Day 2012!
 
 
+15 # Dion Giles 2011-11-18 18:13
The power isn't in the voting booth, it's in the lobbyists. The 99% elect the pollies, the 1% buy them. Fredboy (above) got it dead right: the main focus has to be on the corruption. Whether it's Tweedledum or Tweedledee that gets first dibs at the trough matters, because one is more vicious than the other, but corruption is the big elephant in the loungeroom.
 
 
+1 # dorianb@fuse.net 2011-11-19 19:11
Shakespeare said "Things at their worse either cease or move upward." We are not going to see our economy or the 99% moving upward in the voting booth if a fascist Republican is elected OR if Obama who has done nothing for the 99% is re-elected. We need a leader in the WH who has the intelligence and ability to negotiate and communicate with the citizens like Bill Clinton or someone like Bernie Saunders who has said he will not run for POTUS. Perhaps, he can be persuaded if he believed there would be strong grass roots support. But, the choices we have now are neither powerful enough or committed enough to cause any real change.
 
 
+19 # Tee 2011-11-18 14:17
Forget about the individual political sellouts on both republican and democratic side. Both parties respond to money and power. This is why Israel gets everything its wants and the American people get I'm sorry from the democrats and lies from the republicans.

Go to www.getthemoneyout.com and lets vote for ridding our system of the money that have made whores out of our politicians in both parties.
 
 
+17 # seeuingoa 2011-11-18 14:20
For sure they live in different universes!

The difference between policy in
Europe and America is that in Europe
the political parties are civilized.

The differ in opinions, they argue
sharply but know they are going to live
together the day after.

In America they H A T E each other
until death.
 
 
+14 # Scotti 2011-11-18 20:45
Quoting
For sure they live in different universes!

The difference between policy in
Europe and America is that in Europe
the political parties are civilized.

The differ in opinions, they argue
sharply but know they are going to live
together the day after.

In America they H A T E each other
until death.


Huzza! Well said. We could vastly improve our situation if we adopted a few things from the Brits: like limited campaigning (I beileve theirs is very short - like just a few weeks), and getting rid of the need for obscene amounts of money to gain office, necessitating more campaigning than governing most of the time.
 
 
+2 # dorianb@fuse.net 2011-11-19 16:34
RIGHT ON, SCOTTI! YOU SID IT!
 
 
+7 # chick 2011-11-19 07:44
And that proves my point. Yes they hate each other because one party wants good laws and wants to help the American people
while the other party (Repugs) just want to help the wealthy and corporations.

I cannot understand how anyone here does not understand that.
 
 
-7 # dorianb@fuse.net 2011-11-19 16:35
I can't understand how you do not understand that your sweeping statements are not sensible or logical.
 
 
+8 # chick 2011-11-19 20:12
Okay here are my sweeping statements.

Young person whoever you are male or female. I am 84 years and have always voted.
Through all the years the Democrats have made good bills to help the American people starting with FDR who in the opinion of most people in my age should be the president put on that rock with Jefferson, Lincoln, Washington and Roosevelt (his cousin) As I said I cannot remember at this point the name of that rock but I am sure you know it.

Social Security, Medicare, Medicade, minimum wage, child labor laws (no more kids working in mines), unemployment compensation, 40 hr. week, right to form unions, Money insured FDIC, regulation on stock market (until deregulated by clinton with pressure frm guess who), equal opportunity, desegrated schools, G.I. bill (help for vets), civil and voting rights. and many more.

All put in by the Democrats.
Republicans---0000000

As the years go by the Republicans have gotten worse and worse. And anyone who votes for Republicans and not millionaires are cutting off their nose to spite their face as the people in Ohio and Wisconsin have found out. Now they are fighting for their life to get them out.
If we have a strong (and not with Blue Dogs Dems) Democratic party we can return our once great country around.
 
 
+4 # dorianb@fuse.net 2011-11-19 16:32
And they spend too much money smearing each other in these hateful campaigns. Why can't they just get up on a pulpit and say what they intend to do and present their ideas to the people like in days gone by. The citizens should be protesting these big money campaigns which are being run by WS and lobbyists.
 
 
+6 # jimeshelman 2011-11-18 14:31
Not to disagree, but I wonder if we can ignore the credit-rating agencies threat to downgrade U.S. further, should this committee not reach some kind of agreement. We've already taken one hit due to congressional intransigence.
 
 
+3 # KittatinyHawk 2011-11-18 18:20
The credit rating agencies...another joke like the world is going to end last year or was it the Millennium? Not sure, but I think it is going to end next year?
I do know that it will end...when, ask Mother Nature, she seems to be giving some warnings!
Another gimmick like wall street values. anyone can punch numbers and scare people, we let them. want to think about numbers look at Italy, Greece do you see them in Headlines shivering from Credit Agency? Wall Street..no, they know they have debt.
Now they have to grow up, work with their people and fix their problems, every time people tak other people's money they dig themselves deeper..look at mortgages, credit cards.
 
 
+30 # Barbara K 2011-11-18 15:10
I agree, we are being played. Maybe this so-called super committee has figured it out. The poor and middle class have nothing left to give. They can't bleed us any more, there's nothing left. They are going to have to get the money from the wealthy and the freeloading big corps who don't pay their taxes. That's the only place they can get the money, it's already been taken from the rest of us. Many are out of jobs (actually many millions) and the others are underemployed. So they cannot get any more from us. They got it all already.

NEVER VOTE REPUBLICAN !!
 
 
+18 # TrueAmericanPatriot 2011-11-18 17:06
Quoting
I agree, we are being played. Maybe this so-called super committee has figured it out. The poor and middle class have nothing left to give. They can't bleed us any more, there's nothing left. They are going to have to get the money from the wealthy and the freeloading big corps who don't pay their taxes. That's the only place they can get the money, it's already been taken from the rest of us. Many are out of jobs (actually many millions) and the others are underemployed. So they cannot get any more from us. They got it all already.

NEVER VOTE REPUBLICAN !!


You are right, BK. And again I add, "NEVER, EVER VOTE REPUBLICAN AGAIN! VOTE OUT ALL BLUE DOGS & RED ELEPHANTS IN 2012!!! VOTE EARLY!!!
 
 
+5 # chick 2011-11-19 07:48
Thank you TrueAmericanPat riot, you sound just like me.

Never vote Republican, You must not forget they are the party of millionaires and corporations.
 
 
+7 # KittatinyHawk 2011-11-18 18:22
I think perhaps they better go over the Psych books if they think we cannot do anything. Rats in Corners...not good scenario.

They can get more from us, it is up to us to get involved, get off our butts and do more than text here!
 
 
+4 # Billy Bob 2011-11-19 03:48
People are doing a lot more than just texting.
 
 
+12 # LessSaid 2011-11-18 15:20
How can you get an A+ performance out of a group people who have already Failed the test/grade.
 
 
+9 # reiverpacific 2011-11-18 17:04
[Quote] Why was the supercommittee doomed to fail? Mainly because the gulf between our two major political parties is so wide. Republicans and Democrats don't just have different priorities; they live in different intellectual and moral universes.
No shit!
However, if the term had been expanded to state "from each other" and then go on to add "And both from the rest of us", it would have encompassed the true sweep of disengagement and disconnectednes s in the almost wholly-owned corporate state!
As I've sated from their recent, pathetically engineered formation, don't expect ANYTHING but pandering from this bunch of well-upholstered and fundedconformis ts!
 
 
+7 # tomo 2011-11-18 17:11
Let me begin by endorsing Paul. His Keynesianism is a conviction upheld by experience: governments DO do well to spend in times of recession. It's also a truth one can reason to--as perhaps Keynes had to.

Having said that, let me quibble over "two parties that live in different moral universes." Democrats still have a hankering (much compromised) for a universe in which each of us is not a law unto oneself--a hankering for a constraint upon the individual in the interest of a "common good."

Republicans, on the other hand, find the very notion of such a good quaint. Draped in stolen garments, this brand of Christian knows that God is dead. (Or if He's only in intensive care, it's a matter of time till they finish Him off.) Whatever they say of Jesus on Sunday, they know on the other six days that each is a law unto himself or herself--Nietzsche and Ayn Rand have told them so; we only go around once, and each has an obligation to himself/herself to take everything that is loose. The real gospel is "there is no morality, and the free market is much too important to be left to chance."

Paul's right though about the bankruptcy of centrist journalism. If a new madman wants to kill all inhabitants of East Endia, this journalist would say: "It would be wrong to kill all of them; it would be equally wrong to let all live."
 
 
+5 # Dion Giles 2011-11-18 19:15
'If a new madman wants to kill all inhabitants of East Endia, this journalist would say: "It would be wrong to kill all of them; it would be equally wrong to let all live." '.

What a beautiful way of expressing the truth about the "even-handed" copout. It even caps the Polish joke when the Stalos ran the country and radicals pressed for democracy: "Some extremists claim 2+2=6, the opposite extremists say it's four. Sensible people make it five."
 
 
+13 # pernsey 2011-11-18 17:31
They arent trying to cut corporate welfare or make them pay more taxes...oh no they are trying to cut things for middle class and poor people. I think this might make OWS even stronger and more relevant!!

OCCUPY OCCUPY OCCUPY!!!
 
 
+12 # Sallyport 2011-11-18 19:21
All that damned committee needs is for one democrat to quaff the republican Rx, and it is easy to guess who'll do that: Reliable old Max Baucus. This committee from hell was stacked from the get-go.
 
 
+1 # Regina 2011-11-18 21:51
And their work would have been done weeks ago if Ben Nelson had been appointed to it.
 
 
+4 # Billy Bob 2011-11-19 12:21
That's just what I've been thinking. Even if it "fails", something sure doesn't smell right about the whole thing, does it?
 
 
+5 # Holyone 2011-11-19 07:39
Watch Max B . It is he who held up the Health Reform Bill and voted against it as head of the Committee that had oversite. Mad Max also was a force behind killing the Public Option.

Reid put this man on the committee with full knowledge that he is only a Republican.

There could be some peace of mind if Reid had selected Senator Sanders rather than Mad Max.

We need to have someone run against him and B. Nelson and a few others.
 
 
+10 # Travlinlight 2011-11-19 08:57
Ayn Rand, who chain smoked herself into cancer and then applied for Medicare, is the great intellectual hero of many Republicans. Her John Galt character said that he would not live his life for another, nor ask another to live his life for him. How nice; however, that has never been the practice of the corps and banks in this country. Who had to live his life for another when trillions were handed out to the casino capitalists that blew super-fortunes on reckless, criminal speculation? Who had to live his life for another for all those decades of exploited labor before the union movements finally got some power in this countr? Who lived his life for another in the chivalrous, glorious South that built its fortunes on 300 years of slave labor? The Rand philosophy is just a warmed over version of the old Calvinist tripe from cenruries ago. There never was and never could be any "outward sign of grace" in getting rich and fat off the sweat, blood and misery of others.
 
 
+1 # medusa 2011-11-19 12:04
For the record, Calvin (and Calvinism) considers the "outward signs of grace" to be, by tradition, the sacraments. In the lives of believers, the signs of grace are the virtues: faith, hope, love; courage, patience, mercy, temperance.
 
 
+3 # Travlinlight 2011-11-20 06:50
Medusa,

If we're going to be for the record on Calvin, his administration of justice while he was in Geneva is quite interesting. Even the slightest offences by citizens were punished in cruel and draconian ways. Calvin had a secret police force that, from descriptions of it, was very much like the German Gestapo or the Russian KGB. What really amazes me is the incredible extent of claims made regarding what God has in mind, and the mind-bending statements about predestination and free will. It seems that Calvin, his supporters and his crtics, all knew exactly what God was thinking, or so they opined. It's no wonder that so many people have simply given up on all this interminable folderol. Faith, hope, love,courage, patience, mercy and temperance are great virtues, and they have never been dependent on anyone's adherence to rigid, authoritarian systems of belief, which, by the way have resulted in massive persecution and mass murder more often than not. All of that is also on the record.
 
 
+1 # warrior woman 2011-11-19 09:19
And, what about Obama's promises to the IMF??
U.S. needs to make progress on deficit, IMF warns
1/27/11 http://www.washingtonpost.com/wp-dyn/content/article/2011/01/27/AR2011012707000.html
U.S. officials must act quickly to control government deficits or face slower growth and even more difficult choices in the future, the International Monetary Fund ... response to its rising public debt.
The IMF warning comes as federal officials grapple with a congressional projection this week that the annual deficit will reach a historic $1.5 trillion this year. ..."The U.S. has a lot of credibility. This does not imply their credibility can last forever," IMF fiscal affairs director Carlo Cottarelli said as he released the IMF study. It concluded that the United States is falling behind on a promise it made to other top economic countries to halve its budget deficit by 2013.
"This is a problem many years in the making and will take a concerted effort by Democrats and Republicans working together to find a solution," White House press secretary Robert Gibbs said in answer to a question about the IMF report.
He noted that President Obama called for a freeze on discretionary spending during this week's State of the Union address. IMF officials have welcomed the step but said that spending cuts in pension and health entitlement programs are also needed.
 
 
+2 # RLF 2011-11-20 05:32
The IMF? Aren't these the same people that made tons of irresponsible loans to South American countries in order to force privatizations and outright theft by huge corporations? They are a big part of the problem. Have you heard about the privatizations going on all over the country? Time for US to default and start over like Brazil.
 
 
+3 # RLF 2011-11-20 05:29
This is a failure of the "science" of economics. The inability for economists to debunk the lies of Milton Friedman and trickle on me economics is just another reason that the sciences in general are not trusted. When science is at the beck and call of industry, giving them what ever makes them more money...all of science is denigrated.
 
 
+5 # stonecutter 2011-11-20 06:22
Reagan and his evil political spawn: principally the religious far right and the hacks below the Mason-Dixon line who artfully refined Nixon's infamous "Southern Strategy"-which turned traditional southern Democrats pissed off at civil rights legislation and de-segregation into right-wing Republicans almost overnight-morphed the GOP from a rational minority-party amalgam of libertarians and moderate/liberal northeastern Republicans, into today's hornet's nest of teabaggers, gun nuts and white supremacists. If you can find a real moderate or liberal Republican anywhere who isn't hiding under a sheet (and hood), I'll give you my car. They're gone, gone, gone.

The sophistry that these pernicious bastards, portrayed by the media as a "force for smaller government" or some such whitewashing tripe, could or would reach agreement with Democrats on what day it is, let alone budget cuts over the next ten years, is patently ludicrous. It's pure (bad) political theater, which is par for the course during a presidential campaign.

When they come up with a last minute deal, which solves nothing and kicks the can down the road, we'll have another benchmark for the profound joke that is Congress, a joke that will lead the 99% to the slaughter, laughing. Maybe a dozen of these fools deserve to be re-elected? No, on second thought scratch that.
 

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