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Robert Scheer Dishes on the Deficit Deal (Video)

Posted on Aug 1, 2011

The White House

Truthdig Editor-in-Chief Robert Scheer and FireDogLake contributor David Dayen appeared Monday morning on Uprising Radio to discuss the costs and consequences of the debt ceiling and deficit reduction deal reached Sunday by President Obama and Congress. —ARK

Uprising Radio:

This final version is a compromise between competing plans introduced into the Senate by Majority Leader Harry Reid, and the House by Speaker of the House John Boehner. Over 10 years it will cut at least $2.4 trillion in spending. The debt ceiling will be raised by about $1 trillion immediately, a short-term increase to avoid default. Then, a bipartisan congressional committee will be established to create a set of recommended cuts equal to the amount of the second debt ceiling increase, anticipated at $1.2 trillion to $1.5 trillion.

Watch the interview in two parts:

Read more and listen here


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By Rixar13, August 5, 2011 at 11:21 am Link to this comment

“Then, a bipartisan congressional committee will be established to create a set of recommended cuts equal to the amount of the second debt ceiling.”

Hung jury with no compromise via Republicans and Tea-Baggies… sigh

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By Digging Truth, August 2, 2011 at 12:37 am Link to this comment
(Unregistered commenter)

Boosting the economy and stopping the loss of jobs to other countries requires some sort of trade barriers based on environmentalism, unemployment level changes, and other “level playing field” reasoning.  The foreign interests and oligarchy are not likely to allow this.

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THX 1133 is not in the movie...'s avatar

By THX 1133 is not in the movie..., August 2, 2011 at 12:36 am Link to this comment

Hmm, the problem is; Obama can’t spell. Compromise is
not spelled c-a-p-i-t-u-l-a-t-i-o-n.

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By Alan, August 2, 2011 at 12:13 am Link to this comment
(Unregistered commenter)

Hey, Bubba! This thing is way after the fact, the
flupping House, flupping did vote for that flupping fascist nonsense.  Obama ain’t even a
Heinrich Bruening, I guess maybe he’s an
early dementia Hindenburg!

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By RayLan, August 1, 2011 at 6:51 pm Link to this comment

Robert Scheer always lifts my spirits with his uncompromising on target insights on the national political scene - Chris Hedges is also edifying in his moral strength and moving prose.

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By James M. Martin, August 1, 2011 at 6:37 pm Link to this comment

We have a Dust Bowl in Texas and things are looking more like the Depression all the time.  These bozos are trying to shut down spending too fast and so many Americans will suffer Bachmann will think nostalgically of the Battle of Concord, N.H.  When neither the Tea Party nor progressives can be pleased, might a civil war be next?  The Class War is already here.

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By Kevin Egan, August 1, 2011 at 6:03 pm Link to this comment
(Unregistered commenter)

What to do?  Primary Obama.  The movement is starting to
draft Elizabeth Warren for that job (see the great article by
Yves Smith at Naked Capitalism today), and she would be my
choice (has been for two years, since the single-payer sellout).

Whether or not Warren would do it, the important point is to have a progressive challenge in the
primaries, so that someone can give a voice to the non-bank,
non-technocratic point of view.  At the very least, broaden the
discussion and push Obama to the left.

I hate to say I told you so, but I was for Hillary because she
was tough and experienced; I predicted that the Republicans
would annihilate Obama—and so they have. Step aside, Mr.
President: you had your chance, let someone else try to put
these Republicans in their place, because you certainly can’t
do it.  Hell, you practically are one yourself!

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By Egomet Bonmot, August 1, 2011 at 4:54 pm Link to this comment

A compromise with no new taxes.

Sort of like the Hiroshima compromise of 1945.

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By Robert, August 1, 2011 at 4:43 pm Link to this comment
(Unregistered commenter)

You have to record at a higher audio volume.  I had the player volume all the way up and my computer’s volume all the way up and could hardly hear the audio.

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By Axekicker, August 1, 2011 at 4:34 pm Link to this comment

I bet Obama is one of those rubes who shops at Bed, Bath & Beyond with one of
those stupid 20% off coupons to buy a towel that’s overpriced by 40%.

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By CJ, August 1, 2011 at 1:50 pm Link to this comment

Well worth the listen, especially to Scheer.

(One objection for Kolhatkar, and Goodman too, while we’re at it: What’s up
with making people join Facebook in order to enter into discussion? The
demand is fairly surprising coming from progressives who ought know better.
However, should Facebook ever really go public, and after IPO is snatched up by
the privileged and the price settled back down, grab as much as you can afford,
perhaps to retire wealthy, IF you can grab enough and are still youngish. Even
progressives love it, evidently.)

Both Robert and David cover a lot of territory on Sonali’s program, most all the
discussion impossible to disagree with.

Scheer thinks Obama will be reelected, despite the rhetoric, which yes is just a
line. Damn, Obama’s a bust! In every way! Scheer notes he’s a product of
meritocracy, and that’s indeed the case. So why do we keep falling for the line?
All Obama does is discredit his own rhetoric, which when thought about for a
second or so is bizarre. But…again as Scheer notes…it all works, got him
elected and will likely do so again.

I’m thinking not. I think Obama’s lost it, whatever it was—nothing beyond
rhetoric, and after mid-term turn-out? Unless voters do go the dismal lesser-
of-two-evils way, which they well might—again.

No one liked or likes Nader, at a personal level, I think. We Americans seem to
have a major problem getting past appearances and so candidates have to be
“attractive.” Reagan and Clinton, and even Bush for some, all
so damn personable. And all so deceptive, as appearances usually are. (Machiavelli couldn’t have made this stuff up.)

We are such SUCKERS for these people! THAT might be the central problem, this
absurd culture of celeb worship, long as he or she looks good and talks a line.

(Yes, Mr. Scheer, it is Wall Street, always and forever it seems. Money talks, of
course, and always.)

We’re just not getting it while the place is going to hell. Now a central
committee? What? Is that even legal? Seriously, is it legal? Constitutionally? Never
mind since even if it weren’t they’d make it legal like Yoo did for Bush.

Whatever it takes. For them, not you.

Obama was pretender, though not really once known and hardly radical at any
point. Strange how we don’t mind “radical” (actually reactionary) candidates,
happily elect them. And no one says, “OMG, ANARCHY HAS ARRIVED, HEAD FOR
SHELTERS!” But an actual lefty? Media’s all over it even when it’s not about to
happen. The person is declared a Marxist crazy who will destroy America, blah,
blah, blah, Che’s back!

Well, reactionaries get there via Wall Street, and that’s different (right?), even as
our economy is ACTUALLY going to hell and not as result of a crazed leftist
Marxist, but as a result of crazed Randian Libertarians.

The deal will pass, as Scheer states. Indeed no thanks to Wall Street. As
always for that class the existence of which is weirdly denied. When,
that is, it’s not worshipped as the epitome of American-ism, to be emulated.

Two models are mentioned: Recent California election and events in Wisconsin.
Those really are models, at least for something less (more) than reactionary.
Brown used to talk radical on KPFA. He doesn’t seem really to be that in practice.

Sanders is mentioned and is right now on with Ratigan. Scheer mentions
McGovern and what happened: the Dems running for Wall Street, eventually Bill
Clinton, the DLC, etc. What a lost cause.

But, we keep on keeping on thinking them the party of FDR. They ain’t, but do
seem to have a line-up of pretty people to get elected also by way of cheap talk. Then
comes the sell-out—time and again, and we never learn.

The good news is some minimal cutting of defense spending, which as Scheer
notes, Bush was talking about. (And more likely would have gotten done a lot
sooner.) Obama thinks the cut too much, naturally and went without saying.

And so…vote for him again.

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By MaxShields, August 1, 2011 at 1:41 pm Link to this comment

Keysianism is problematic. The debt created over decades.

Here’s the issue, Keysianism (and really even the Chicago school which is depicted as its relative opposite) all believe (Rep/Dem alike) that we need to grow our way out of the economic demise. That is faulty and shared by all the “doctor” economists with outlier exceptions. We are at the end of growth - as determined by GDP which has flat lined and has always been a pathological measure of a “heathy” economy.

The problem is much deeper, much more systemic. Both Krugman and Scheer are on the same page as the Republicans EXCEPT the Republican believe that we need to cut to grow, while the Dems (including our Mr. Krugman, et al) believe we need to stimulate to grow. It is the very notion of growth which is the devil in the details…the rest of this is chit chat about a place we’ve never been before.

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By Michael Cavlan RN, August 1, 2011 at 1:34 pm Link to this comment

Well Well

A little honesty, at last..

Now the question is, what the hell do we do about it?

The answer of course is

ORGANIZE and stop listening to the apologists..

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By Wounded and Dangerous, August 1, 2011 at 1:29 pm Link to this comment

I think you are right Robert. When Wall Street bankers demand something they get it. These financial behemoths who control our economy are only interested in the financial health of the nation in so far as it concerns the ability of the American people to continue to be fleeced like the sheep that the bankers think they are.  Obama is bought and paid for by Wall Street and isn’t that the real reason for his shoddy behaviour? Maybe one day one of these politicians will break their deals with Wall Street and the bankers. Do you think the American population would take him or her to task for that type of betrayal?

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