First Deficit Recommendations Are Political Theater to Make the Coming Brutal Assault on the Middle Class Seem Reasonable
Alan Simpson and Erskine Bowles, co-chairs of Obama's deficit commission, released their personal recommendations for cutting the deficit yesterday. It set off a flurry of analysis, and no small amount of hand-wringing. But look under the hood of these Very Serious Men's Very Serious Proposals and you'll find some ludicrously unworkable measures that have little-to-no chance of gaining the support of Congress.
The White House says it was caught flat-footed by the release. So why did these August figures float the proposals now?
In Special Coverage, I argue that it all amounts to some Kabuki theater -- designed primarily to make the commission's actual recommendations appear more reasonable, more "moderate," in comparison when they arrive.
Give it a read, here.