Drudge Retort: The Other Side of the News
Wednesday, September 05, 2018

Minority Leader Nancy Pelosi has made a promise to handcuff her party's progressive ambitions, by resurrecting the "pay-go" rule that mandates all new spending is offset with budget cuts or tax increases. She is playing into the hands of Republican strategists eager to warn voters that Democrats' top priority is raising taxes. Forcing budget offsets for every piece of legislation would make it more difficult for Democrats to pass a host of liberal agenda items, from "Medicare for All" to tuition-free public college. It continues a trend of Democrats caring far more about deficits than Republicans while giving conservatives free rein to blow giant holes in the tax code.

More

Alternate links: Google News | Twitter

Under modern monetary theory, public spending is only constrained when the economy is running at full capacity and inflation starts to rise, which is not the case today. Public deficits are just another way of talking about private surpluses. Balanced budgets are a system of taking money from ordinary people into the hands of the rich. "Pay-go" is a unnecessary economically illiterate approach to budgeting. Republicans know this, which is why they have unabashedly used their power to expand deficits and deliver windfall gains for big corporations and the super-rich.

Just another example of how deceptive and hypocritical Democrats are becasue they appeal to unions and ordinary working people, but pull the rug out from under them in favor of the 1% time and time again. Republicans do the same and often worse, but they are not two faced about it.

Pelosi is one of the people in DC most despised by the average Republican, yet from a policy perspeoctive, she is a close ally.

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Good.

It also plays into the GOP's hands to run a platform full of pie in the sky ideas without realistic ways to pay for them.

#1 | Posted by jpw at 2018-09-05 10:53 AM | Reply | Newsworthy 1

It also plays into the GOP's hands to run a platform full of pie in the sky ideas without realistic ways to pay for them.

POSTED BY JPW AT 2018-09-05 10:53 AM | REPLY

Nonsense. All they have to do is mention all of the wars going on and say the GOP doesn't care how they are paid for.

#2 | Posted by LauraMohr at 2018-09-05 10:55 AM | Reply

Pelosi needs to go. Her effectiveness is over. We need new blood now.

#3 | Posted by LauraMohr at 2018-09-05 10:57 AM | Reply

I think voters like me would welcome this move by Pelosi, it creates a perfect opportunity to repeal the Republican tax cuts we simply can't afford much less afford to pursue a more progressive agenda. Voters want a progressive agenda but they also want it paid for.

#4 | Posted by danni at 2018-09-05 12:10 PM | Reply

I think voters like me would welcome this move by Pelosi, it creates a perfect opportunity to repeal the Republican tax cuts we simply can't afford much less afford to pursue a more progressive agenda. Voters want a progressive agenda but they also want it paid for.

#4 | POSTED BY DANNI AT 2018-09-05 12:10 PM | REPLY | FLAG:

Your attitude is why the Democratic party keeps failing. You forgot your progressive roots and are losing at the polls. Return to progressive ideas and ideals or whither on the vine. Your choice.

#5 | Posted by LauraMohr at 2018-09-05 12:20 PM | Reply

"Your attitude is why the Democratic party keeps failing." - #5 | Posted by LauraMohr at 2018-09-05 12:20 PM

Just ask US Senator Roy Moore.

Or Governor Ed Gillespie.

Or Congressman Rick Saccone.

Because the Democratic Party keeps failing.

#6 | Posted by Hans at 2018-09-05 12:23 PM | Reply

I think has been a hindrance to progressive leadership for a long time, and she needs to retire. That said, I don't think progressives have ever said that their ideas shouldn't be paid for. I think that's the reason, in an era of significant vilification of government and taxes, that it will be very difficult to ever implement such ideas that are long overdue. But at least progressives are speaking to the right ideas. At least progressives are speaking up for ideas that would help ALL Americans, and not just an elite few. I'd certainly rather see politicians that take a stance that benefits everyone than a stance that only protects their job.

#7 | Posted by Whatsleft at 2018-09-05 12:28 PM | Reply

www.politico.com

Clearly, we must face the fact that most Americans want significant changes. But rather than embracing this core lesson of 2016, Democratic establishment leaders -- the very people who just lost the most important election in modern history -- are using that defeat to grab more money and power, distracting allies from their failures by redirecting attention to the very real damage being done by Republicans. They embrace the same broken tactics, privileging well-connected insiders and an uninspiring agenda that was part of what led to their catastrophic loss -- which would all but ensure further losses, more infighting and a deeply divided opposition to the Trump agenda.

Take, for instance, the continued prominence of David Brock and his organizations as centerpieces of the party apparatus. Brock is a conservative journalist-turned-liberal political strategist who some have called Hillary's attack dog. To many progressives, Brock represents the insider, establishment wing of the party -- the Wall Street Democrats who have roused the ire of Americans who rightly feel that they've been sold out. As a longstanding member of Hillary Clinton's team, during last year's primaries, Brock orchestrated attacks on Bernie Sanders were brutal and unfair -- as when he proclaimed that "it seems black lives don't matter much to Bernie Sanders" -- and exacerbated divides within the Democratic Party.

Brock is just one part of a broader constellation of insider efforts to maintain the dominance of the neoliberal wing of the Democratic Party against a rising progressive populism. Another such group is Third Way, the centrist think tank featured prominently at Brock's January conference. Third Way's president, Jonathan Cowan, is open about his intent to steer the party away from the likes of Elizabeth Warren and Bernie Sanders and back toward an uninspiring, Republican-lite, status quo agenda (which makes sense given that a major component of Third Way's budget comes from donors on Wall Street). Even now, in the wreckage of the 2016 election, Third Way has launched a $20 million effort to win back white working-class voters in the Rust Belt -- seemingly ignorant of the fact that the pro-Wall Street, pro-free trade economic policies that Third Way has long promoted helped lead to the Rust Belt's demise.

#8 | Posted by LauraMohr at 2018-09-05 12:28 PM | Reply | Newsworthy 1

I'm not sure why, but somehow NP's name was stripped out of my above comment.

#9 | Posted by Whatsleft at 2018-09-05 12:32 PM | Reply

#6

Democrats lost over 900 seats nationwide, over the last ten years.

#10 | Posted by Whatsleft at 2018-09-05 12:36 PM | Reply

Democrats lost over 900 seats nationwide, over the last ten years.

#10 | POSTED BY WHATSLEFT AT 2018-09-05 12:36 PM | FLAG:

Yeppers because they forgot what they stood for. Danni wants that trend to continue sadly and she'll blame me for it.

#11 | Posted by LauraMohr at 2018-09-05 12:39 PM | Reply

You are at fault Laura, by not voting for Her Bitterness, the Queen.

Here's to the Handcuffs! May their prisoners for ever suffer. Cheers!

Hip-hip-hooray!

#12 | Posted by SheepleSchism at 2018-09-05 12:48 PM | Reply | Funny: 1

Oh, I almost forgot...

#Lurch2020!

and/or

#CreepyUncleJoe2020!

#Resist&Disrupt

#13 | Posted by SheepleSchism at 2018-09-05 12:50 PM | Reply

For some reason there is never any constraint on spending for perpetual war, criminal banking bailouts, homeland security which has never stopped a terror attack, Corporate farming bailouts following unnecessary tariffs, or Trump's MaraLago security detail...

The only problem with our budgeting is that we have put private bankers between the right of the Government to issue currency effectively doubling the cost of every public works project. Another enormous problem is the ridiculous cost of everything associated with military spending. What makes this topic even more gregarious is that military's track record post WWII is abysmal. Their agenda is to spend and spend and spend without any accountability. They have failed in every substantial mission since WWII. They have left a trail of death, destruction and permanent poisoning of the target country environment that will plague those countries fro centuries. Every US invasion since WWII has violated the Nuremberg principles established by the USA.

Pelosi and virtually ALL Republicans and few Democrats are only concerned about budgets when it benefits the lower classes.... Every country which has its own Central Bank has unlimited funds to manage its own economy and 2008 and the Iraq war prove that... our leaders just don't want to lift the poor, they'd rather use, abuse and profit from them...

The purpose of "alleged balanced budgets" is to deprive ordinary people of the right to life, liberty and pursuit of happiness, so that a few rich people can have more life, liberty and opportunity for happiness.

#14 | Posted by bayviking at 2018-09-05 01:35 PM | Reply | Newsworthy 3

Nonsense. All they have to do is mention all of the wars going on and say the GOP doesn't care how they are paid for.

#2 | Posted by LauraMohr

So whataboutism, hypocrisy and financial irresponsibility as a policy platform?

I can't wait to watch you stand around wondering how the Dems snatched defeat from the jaws of victory.

#15 | Posted by jpw at 2018-09-05 02:05 PM | Reply

.. wondering how the Dems snatched defeat from the jaws of victory.
#15 | POSTED BY JPW

You're exhibit A. I expect all the other exhibits to line up and flag you NW.

...like the good little sheep that they are. #-----------

#16 | Posted by SheepleSchism at 2018-09-05 04:11 PM | Reply

You're exhibit A. I expect all the other exhibits to line up and flag you NW.

LOL because I expect more than empty promises for a political platform?

I guess you have a point, though, as that strategy has worked for the Republicans.

#17 | Posted by jpw at 2018-09-05 04:38 PM | Reply

Pelosi and Schumer are more a part of the problem than the solution. At heart, they're both Nixon Republicans. More allegiance to the donors than voters.

#18 | Posted by morris at 2018-09-05 06:05 PM | Reply | Newsworthy 1

Ok, she's out of there!

#19 | Posted by fresno500 at 2018-09-05 07:29 PM | Reply

Voters want a progressive agenda but they also want it paid for.

#4 | POSTED BY DANNI AT 2018-09-05 12:10 PM

No, they don't. A progressive agenda is somewhat popular because we don't pay for it. The progressive agenda would likely become very unpopular if everyone had to actually pay for it via substantially higher taxes.

#20 | Posted by JeffJ at 2018-09-06 03:30 PM | Reply | Newsworthy 1

We want it paid like the 1.5 trillion tax break was paid.

#21 | Posted by fresno500 at 2018-09-06 04:27 PM | Reply

We want it paid like the 1.5 trillion tax break was paid.

#21 | POSTED BY FRESNO500 AT 2018-09-06 04:27 PM | FLAG:

Or these illegal immoral unjust wars. NO Conservative ever complains about THAT one.

#22 | Posted by LauraMohr at 2018-09-06 04:33 PM | Reply

There goes that kink. One thought of Pelosi and some handcuffs - ugh. If anyone needs me I'll be doing my Ace Ventura crying in the shower routine.

#23 | Posted by zeropointnrg at 2018-09-06 05:55 PM | Reply

This kind makes a lot of sense. I don't want it to be paid for with debt.....

#24 | Posted by BruceBanner at 2018-09-06 11:33 PM | Reply

People hate Pelosi but don't even know why.

#25 | Posted by BruceBanner at 2018-09-06 11:34 PM | Reply

"No, they don't. A progressive agenda is somewhat popular because we don't pay for it."

You're full of crap Jeff. We pay for SS, Medicare and Medicaid through our taxes. Now tell me how we paid for the tax cuts for the 1% liar. Two Santa Clause agenda worked by Republicans since the 1980's because they just want us to be poor because poor people are easier to control. Ronald Reagan decided that when he watched middle class kids protesting the Vietnam War, the powerful can't have that so their strategy is to make us poor enough we won't step out of line. That's the truth whether or not you are intelligent and curious enough to even research it. You won't cuz you're not.

#26 | Posted by danni at 2018-09-07 09:55 AM | Reply

"Pelosi and Schumer are more a part of the problem than the solution. At heart, they're both Nixon Republicans. More allegiance to the donors than voters."

Simplistic nonsense. They weren't the SC that decided Citizens United. They are just politicians working in the system as it is. YOu can have other politicians who work in the system you want but they are ineffective and useless. Reality bites. Get Democratic majorities in both houses and the Presidency and change the laws. Pelosi would be happy to ignore donors dumb ass but she can't and still be elected. Her ability to help Americans is dependent upon her getting reelected. I know, real democracy isn't always pretty, pragmaticism is the only road to progress, like it or not.

#27 | Posted by danni at 2018-09-07 10:00 AM | Reply

This article is far left crap; "Be more like Republicans!". Who have billions in tax cuts without paying for them.

- A progressive agenda is somewhat popular because we don't pay for it.

More rwing myth.

"Though she waived the rule to pass the economic stimulus bill responding to the Great Recession, most of the other major legislative initiatives of the early Obama era -- including the Affordable Care Act -- were paid for. In 2010, Obama took this even further by signing the Statutory Pay As You Go Act. It enables presidents to enforce across-the-board cuts if Congress violates the rule." from the article

And here's the now Wall Street darling Bernie Sanders "staffer" whom the article so admires, the one who says that we can't run out of money:

Kelton's core idea ― that the government can't run out of money or go bankrupt, no matter how much it spends ― hasn't really changed since the days when Buiter and Krugman were trashing her thinking. But it seems the world has. Today she is a full-fledged member of the American power elite, juggling television bookings with MSNBC's Chris Hayes and Bloomberg TV's Joe Weisenthal, writing op-eds for The New York Times and being quoted in The Wall Street Journal.

www.huffingtonpost.com

#28 | Posted by Corky at 2018-09-07 10:07 AM | Reply

--A progressive agenda is somewhat popular because we don't pay for it."

People love free stuff. That's why "socialism" is becoming popular among young people. They want "free" tuition, "free" healthcare, subsidized rent, student loan debt erased, etc.

#29 | Posted by nullifidian at 2018-09-07 10:11 AM | Reply

Comments are closed for this entry.

Home | Breaking News | Comments | User Blogs | Stats | Back Page | RSS Feed | RSS Spec | DMCA Compliance | Privacy | Copyright 2018 World Readable

Drudge Retort