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AmericaSpeaks

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Which Would You Rather Cut: Social Security, or Interest for Foreign Governments and Rich Bondholders?

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Alan Simpson and Erskine Bowles, the Co-Chairs of “the National Commission on Fiscal Responsibility and Reform,” would have us believe that a deficit and debt crisis threatening the fiscal future of the United States is upon us, that "This debt is like a cancer,” and that unless we begin to make across the board cuts in expenditures, and also raise taxes in a way that distributes the pain across all segments of the population, there is no way we will return to fiscal sustainability. This view is false and also alarmist for many reasons. One is that Bowles's view that: "We could have decades of double-digit growth and not grow our way out of this enormous debt problem”, is ridiculous, even if one thinks there is “a debt problem.” I've shown elsewhere, that all the US needs to do to “grow our way out of the problem” is to return to the historical average decade-long growth rate we experienced between 1940 and 2000 to begin producing surpluses by 2017 and bring the public debt-to-GDP ratio down to 37% by 2020. Read more about Which Would You Rather Cut: Social Security, or Interest for Foreign Governments and Rich Bondholders?

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The Procrustean Democracy of AmericaSpeaks: Part Six

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In Part 5, I continued my analysis of the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, focusing on Step Five in the decision process used in the meeting. In that post the specific option choice frameworks AmericaSpeaks presented to participants in the categories of Health Care and Social Security spending, and analyzed the biases inherent in the way they were structured. Read more about The Procrustean Democracy of AmericaSpeaks: Part Six

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The Procrustean Democracy of AmericaSpeaks: Part Five

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In my last post I continued my analysis of the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, focusing on Step Five in the decision process used in the meeting. In that post I was critical of the overall bias in the general orientation toward the options workbook and the choices to be made in the process. Read more about The Procrustean Democracy of AmericaSpeaks: Part Five

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The Procrustean Democracy of AmericaSpeaks: Part Four

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In my previous three posts analyzing the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, I presented the steps in the decision process used for the event, and discussed the pre-conference phase and the first four steps. Read more about The Procrustean Democracy of AmericaSpeaks: Part Four

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The Procrustean Democracy of AmericaSpeaks: Part Three

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In my first two posts analyzing the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, I presented the steps in the decision process used for the event and discussed the pre=conference phase and the first two steps. As we saw, these steps reflected a strong bias toward socializing participants into the idea that there is a deficit problem and that it has to treated by cutting expenditures and/or raising taxes. Read more about The Procrustean Democracy of AmericaSpeaks: Part Three

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The Procrustean Democracy of AmericaSpeaks: Part Two

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In my first post analyzing the June 26th AmericaSpeaks Community Conversation event I attended in Falls Church, VA, I presented the steps in the decision process used for the event and then began a discussion of the steps. I broke off my account in the middle of my narrative of Step Two. Read more about The Procrustean Democracy of AmericaSpeaks: Part Two

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The Deficit Crisis Is a Fantasy

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After going to one of the AmericaSpeaks community conversations yesterday, I'm even more confident that the deficit crisis being promoted by the Peter G. Peterson Foundation, AmericaSpeaks, the National Commission on Fiscal Responsibility and Reform, and the Obama Administration, as well of much the world's global elite is a fantasy. There is no truth to it, and it is a dangerous fantasy, because if one believes it, then that can be a self-fulfilling prophecy. Read more about The Deficit Crisis Is a Fantasy

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The Mythological Narrative of AmericaSpeaks: Part Two

In Part One, I addressed the question of whether the AmericaSpeaks argument showing that increasing deficits, debts, and public debt-to-GDP ratios is a real problem America needs to solve make sense. Read more about The Mythological Narrative of AmericaSpeaks: Part Two

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The Mythological Narrative of AmericaSpeaks: Part One

The deficit terrorists ask us to believe that the US has a deficit/national debt problem, to believe in their projections about the future, and to make certain hard choices involving spending cuts and tax increases because we believe in the likelihood of their projections coming true if we don't act to prevent them. Tomorrow, AmericaSpeaks, an organization claiming unbiased neutrality on deficit issues, but funded by the Peter G. Read more about The Mythological Narrative of AmericaSpeaks: Part One

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