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Why Liberals Hate the New Simpson-Bowles Deficit Reduction Plan

bbtruth Wrote: Feb 20, 2013 11:00 PM
Demand is not our economic problem. From a Keynesian point of view I suppose lack of demand would be viewed as the problem. The remedy for which would be stimulus of some kind or another. Of course, that's all just a bunch of nonsense, right americanliberal?

The short and obvious explanation is that the revamped proposal emphasizes spending reductions, which is a blow to Democrats' false mantra du jour; namely, that the country doesn't have a spending problem.  The Atlantic's Derek Thompson gripes that the new bipartisan framework, advanced by the former co-chairmen of President Obama's fiscal commission earlier this week, emits a distinct whiff of Republicanism. The MSNBC crew is predictably unimpressed, as are lefty bloggers like