Krugman: The Soft Bigotry of Low Deficit Commission Expectations [View All]

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The Soft Bigotry of Low Deficit Commission Expectations

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What the commission was supposed to do was something much harder: it was supposed to produce a package that Congress would give an up and down vote. To do this, it would have to produce something much better than a package with some good stuff buried in among the bad stuff; it would have to produce a package good enough to accept as is.

And it didn’t do that. Instead, it produced a package that may have had some good things in it, but also, remarkably, introduced a whole slew of new bad ideas that weren’t even in the debate before. A 21 percent of GDP limit on revenues? Cutting the top marginal rate to 23 percent? Sharp reductions in the government work force without, as far as anyone can tell, a commensurate reduction in the work to be done? Instead of cutting through the fog, the commission brought out an extra smoke machine.

Or put it another way: what on earth are people who say things like, “This proposal can be a starting point for discussion” thinking? We’ve been discussing and discussing, ad nauseam; the commission was supposed to provide a finishing point for discussion. Instead, it produced a PowerPoint that is one part stuff that has long been on the table, one part conservative wish-list, and one part just weirdly ill-considered.

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As Ezra Klein said, There is no report from the fiscal commission:

...The co-chairmen have some interesting policy ideas for how to balance the budget, but as of yet, they've not made any discernible progress on the political deadlock preventing us from balancing the budget. And it's the deadlock, not the policy questions, that they were asked to solve.

This was a kitchen-sink proposal. The question is why did the co-chairs release a draft not reviewed or approved by the members of the commission?