Larry Summers and Jason Furman Demolish GOP Arguments
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A modest proposal: time to rethink the impact of US tax reform
Jason Furman &Lawrence Summers
Relevant and even prescient commentary on news, politics and the economy.
One thing.
There was no Bowles-Simpson Commission Report.
“Why does the media keep telling us that the Bowles-Simpson commission issued a report when it clearly did not. If we go to the commission’s website and read its bylaws we can quickly find:
“The Commission shall vote on the approval of a final report containing a set of recommendations to achieve the objectives set forth in the Charter no later than December 1, 2010. The issuance of a final report of the Commission shall require the approval of not less than 14 of the 18 members of the Commission.”
In fact, there was no vote on anything by December 1, 2010 and there was never a report that received the approval of 14 of the 18 commission members. Therefore, there was no report of the commission. That’s pretty simple, isn’t it?”
http://cepr.net/blogs/beat-the-press/the-bowles-simpson-commission-did-not-issue-a-report
It’s a shame the 9 economists lied through their eye teeth but then that was the entire point wasn’t it? Giving the executive, Senate,, and House the support of renowned economists to justify their “plan” as not without economists reasoning.
Furman’s & Summers’ questions to the infamous 9 economists are enlightening to people who believe in rational analysis as opposed to propaganda lies, but I’ll bet a dollar to a donut that the infamous 9 don’t send another letter retracting everything they lied about in their letter.
The 9 economists believe in “ends justify means”.. not economics analysis. It’s also too bad that their respective alma-mater’s don’t publically rescind the degree’s they gave them.
So we’re stuck with 9 liars purporting to be rational professionals giving cover to a Senate and House an Executive lie. Ain’t politics great?
Have I missed something or is the Peterson Institute been strangely silent on the “cut plan”? Hmmm!