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Why Liberals Hate the New Simpson-Bowles Deficit Reduction Plan

TROUBLED_CALIFORNIAN Wrote: Feb 20, 2013 10:40 PM
The IMF and world body has spoken Global Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy .......the United States is faring considerably better than other developed nations against the threat of a renewed recession and remains “the brightest spot in the world economy,” according to the latest indicators tracked by the Financial Times and the Brookings Institution. Known as TIGER, or Tracking Indices for the Global Economic Recovery, the comprehensive data report compiled by the London-based business daily and the centrist Washington think tank provides a factual context for the U.S. presidential debate.
scrow Wrote: Feb 20, 2013 11:39 PM
Did someone say it wasn't faring better than other developed nations?

However, comparative rankings don't tell if the U.S. (or anyone else) is good or bad, high or low.
TROUBLED_CALIFORNIAN Wrote: Feb 20, 2013 11:08 PM
tuttut Wrote: Feb 20, 2013 10:50 PM
Tee hee, these same IMF squids said the Eurozone crisis was a "temporary anomaly." Tell that to Greece, Spain, etc. It costs these internationals nothing to cheer as this irresponsile administration flushes the dollar down the drain. The U.S. is on an unsustainable course, and the GAO just published a report saying that Obama's monetary and fiscal policy is unsustainble. What planet are you from?

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