What happens when Austerity hits the Homeland?
November 10, 2010 - 10:31pm
The White House's fiscal commission's co-chairs, Erskine Bowles and former-Sen. Alan Simpson today released their draft recommendations on how to reduce the country's budget deficit. ...
Their recommendations are more or less a list of the third-rail issues of American politics, including cuts in the number of federal workers; increasing the costs of participating in veterans and military health care systems; increasing the age of Social Security eligibility; and major cuts in defense and foreign policy spending.
http://tpmdc.talkingpointsmemo.com/2010/11/deficit-commission-co-chairs-...
The ads that accompany this very detailed outline of taxation proposals suggest it is read by tax and investment planners.
Would you call raising the age for Social Security to 69 by 2075 a hit on the aged or a sign of confidence that the grandchildren of the boomers will be healthier, more fit? : )
Do you see concessions to GOP thinking that at the same time won't vex Democratic supporters?
I wouldn't know where to begin to predict the political effect, given the wingnut nature of political discourse there. But it would appear that total dependence on the market (and finance capitalists) has not been diminished in the Big Collapse.
There's some discussion of the report going on here:
http://www.rabble.ca/babble/news-rest-us/us-fiscal-commission-reports-th...