J. Bradford DeLong's Grasping Reality with a Prehensile Tail
Senator Conrad voted for Medicare Part D. Senator Gregg voted for the Bush tax cuts. Of the $36 trillion Auerbach-Orszag present-value fiscal gap through 2080 $11 trillion is due to the Bush tax cuts and $6 trillion is due to Medicare Part D. Eliminate those two fiscal policy mistakes, and our long-run (out to 2080) fiscal problem is half the size.
Isn't the easiest thing--and the most obvious thing, and the most constructive thing--Senators Conrad and Gregg could do in order to help fix the deficit is for them to stop making it worse? Isn't the obvious thing for them to resign, and as they resign to tell Americans that they should never elect senators like them again?
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But when I look at Senators Conrad and Gregg, I don't recognize fellow members of my species. They may be glueing the feathers of deficit hawks onto themeselves, but they are birds of a very different order--doves, turkeys, chickens, whatever, but I hope they are dodos.
http://delong.typepad.com/sdj/2009/12/is-this-a-congressional-joke.html