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Home Publications Blogs Beat the Press The Campaign to Tame the Debt Continues at the Washington Post

The Campaign to Tame the Debt Continues at the Washington Post

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Friday, 21 December 2012 05:25

For those of you BTP readers playing a drinking game out there in blogland, take another swig, the Washington Post used the phrase "tame the debt" in yet another budget article. Here it is:

"If there was going to be a deal to tame the nation’s debt, it had to happen now."

Not much to add here. I just will note for those tiring of my deficit projection chart showing the silliness of this out of control debt story, there is also the addition approach that Paul Krugman used in his Monday column. But as the deficit hawks say, "don't bother me with your stinkin numbers!"

Comments (3)Add Comment
...
written by JSeydl, December 21, 2012 7:47
Can somebody pls tell the Post to stop? I think I'm very close to the point of alcohol poisoning.
If only the deficit hawks weren't more hawkish about the pretax health dollars
written by Rachel, December 21, 2012 10:30

After all, we are said to lose $250 billion a year because of that exclusion.

Moreover, it contributes to high earners' stupidity with regards to health insurance. I mean stupidity literally: blurry vision, carelessness, indifference and all that. American health care is overpriced, ultimately, because too many of us are don't bother to bargain. And the tax exclusion is a good reason for high-income indifference.

Of course the deficit hawks could also be more hawkish about the mortgage deduction, which leads to other forms of stupidity, as well as taking from lower-income workers.
Bargaining
written by David, December 21, 2012 5:49
Good points, Rachel. Problem is, I have health insurance and they have already bargained with the providers. Turns out I can't pay cash even, they have to file with my carrier!

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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