This sickens me, no really. You anything good for our nation in it? Me neither:
Obama proposed freezing “annual domestic spending for the next five years” to “reduce the deficit by more than $400 billion over the next decade,” but warned that going after discretionary spending would not be enough. To significantly reduce spending, Congress will also have to target entitlements — reduce Medicare and Medicaid spending and find a “bipartisan solution to strengthen Social Security.” Obama did not endorse his deficit reduction commission’s proposal to “raise the retirement age, and otherwise reduce Social Security benefits.” The President said that Congress must do more to control health care spending without undoing the new health law, endorsed the GOP proposal to fix the nation’s malpractice system, and called for greater simplification of the tax code, noting that many corporations “are hit with one of the highest corporate tax rates in the world.” Democrats and Republicans, Obama said, should “[g]et rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years — without adding to our deficit.” That line played well with Republicans, as did Obama’s pledge to veto legislation that contained earmarks. (Link.)
Doomed! Bailouts for Dummies. Hope we each get one….
Professor Krugman, you’re wrong: When it’s all lies and one doesn’t care about truth or facts, you can say anything. Particularly if you’re an unprincipled whore to start with.
Doomed! All the stimulus went to Goldman Sachs, none to anyone actually in need. And surely it will happen again. And it won’t be affected by a spending freeze.
Help them. Harps Food Stores wants to be boycotted:
It can always get worse: