[Peace-discuss] Obama's economics

[C. G. Estabrook]

[Doug Henwood continues his critique of Obama's betrayal of the populace in 
favor of business.]

So the discretionary spending freeze is meant to be just an overture. From the
NYT story today:

> But one administration official said that limiting the much smaller 
> discretionary domestic budget would have symbolic value. That spending 
> includes lawmakers’ earmarks for parochial projects, and only when the public
> believes such perceived waste is being wrung out will they be willing to
> consider reductions in popular entitlement programs, the official said.
> 
> “By helping to create a new atmosphere of fiscal discipline, it can actually
> also feed into debates over other components of the budget,” the official 
> said, briefing reporters on the condition of anonymity.

First they came for the nutrition programs - but what they really want is
Medicare and Social Security.


C. G. Estabrook wrote:
> On News from Neptune, we refer to what we've called The Incompleteness 
> Principle.  It holds that "No one can be wrong all the time."
> 
> But I'm beginning to think that the principle is at risk. A major 
> counterexample seems to be shaping up. Economist Doug Henwood marshals the 
> evidence:
> 
> "So BHO is going to call for a freeze on domestic discretionary spending. Guy
>  gets worse all the time."
> 

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