Economy

The Next Liberal Freak-Out

Dean Baker in the Guardian:

Given his track record, there is little doubt that President Obama can be trusted to make further concessions, possibly involving social security and Medicare, in negotiations on the debt ceiling. Oh well, at least we can laugh at the experts being wrong about the fiscal cliff "Mayan apocalypse".

I get it. We're supposed to start shaming the president for putting Social Security and Medicare on the table during the forthcoming debt ceiling debate, even though he, you know, hasn't. Actually, he clearly took these things off the table in the fiscal cliff deal. (And don't tell me the congressional Democrats get the credit for that. Either the president is responsible for the terms of the deal or he's not.)

Seriously, there are enough things in this world to be outraged about, why do we need to invent new ones?