The following comments seem pretty much right to me:
- Steve Landsburg: “This deal does absolutely nothing to control entitlement spending, which means it’s 100% fiscally irresponsible.” (Come on, Steve, tell us what you really think.)
- Greg Mankiw: “After all the public discussion over the past couple years of what a good fiscal reform would [look] like, it is hard to imagine a deal that would be less responsive to the ideas of bipartisan policy wonks.”
- David Brooks: “[T]he proposal is not a balance of taxes and spending cuts. It doesn’t involve a single hard decision. It does little to control spending. It abandons all of the entitlement reform ideas that have been thrown around.”
- Bruce Bartlett: “[G]etting Congress to act [is] … what economists call a time-inconsistency problem. The Congress that raises taxes and cuts benefits will suffer politically, while the benefits of lower deficits will accrue to future Congresses.” (This one is for Kim Schoenholtz.)
- Stan Zin: “Using “quotes” around random “words” is a cheap ploy used “by” people who don’t “really” know how to write.”
Which is to say, lots of drama, but absolutely no movement on long-term budget issues. The good news? New episodes of Psych due February 23.
January 1, 2013 at 7:15 pm
January 8th for new Justified episodes.
January 8, 2013 at 10:04 am
Tonight @ 10!
January 2, 2013 at 9:32 am
What was “Zin” attempting to get at?