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Thursday, February 24, 2011

Borden: A Middle-Class Movement May Destroy the Middle Class

Tax Prof Bradley Borden (Brooklyn), Getting What You Ask For: How a Middle-Class Movement May Destroy the Middle Class (Huffington Post):

Last fall the Tea Party flexed its muscles and helped send many new faces to Congress. Now the news is filled with talk of budget-cutting, and House Republicans threaten to shut down government. They propose cuts that reduce spending by $100 billion. This would be good news if our deficit were that small and the cuts didn't adversely affect those who support them.

Cutting $100 billion comes nowhere near to closing a budget gap that exceeds $1 trillion. If the actions do not include tax law fixes, public services such as transportation infrastructure, social security, Medicare, police and fire protection, and public education will be on the chopping block. Cutting those services primarily and negatively affect the middle class.

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Comments

There's some truth in this, but there's enough hypocrisy to go around. For example, the left is now claiming that "social justice" requires taxpayers with relatively modest fringe benefits to subsidize public employees with relatively generous benefits. That doesn't make a whole lot of sense, and it isn't any less illogical than what the Tea Party wants: it just has different victims.

Posted by: mike livingston | Feb 24, 2011 1:40:43 PM

"public services such as transportation infrastructure, social security, Medicare, police and fire protection, and public education will be on the chopping block."
You say that like it is a bad thing?
Not saying that these should disappear, but we used to get more for less. And, the public pension systems are bankrupting almost every state.
A lot of people are going to get hurt, and it'll be becuase of the union leaders and cowardly politicians that promised more than could be delivered.
And, as for Social Security, no one in my generation expects to see that or to merely be given a pittance check.
.
"This would be good news if ... the cuts didn't adversely affect those who support them."
More noble to sacrifice than to gorge greedily at the through.
.
"Cutting $100 billion comes nowhere near to closing a budget gap that exceeds $1 trillion."
Well, let us cut $1 trillion then.
How about we cut $100 billion now, and then have 9 more rounds of cutting $100 billion each round?
.
"House Republicans threaten to shut down government."
They only people I have heard threatening to shut down the government are the Democrats (Polisoi & Ried especially).
Of course, if the government is closed maybe they won't spend anything.


Posted by: wikiwiki | Feb 24, 2011 5:20:09 PM

The Pubs have only had the House for a month and a half. Jeez, give them a little time, wudja?

Besides, we've just had one experience at having legislation shoved down our throats, via backroom deals and procedural legerdemain, and it's taken a year to "find out what's in it" and confirm that it's rotten to the core.

This time, let's hope that they take some time to work out all the kinks beforehand, eh?

Posted by: ColoComment | Feb 24, 2011 6:22:00 PM