"President Obama and the Democrats should set a clear trigger — say, 6 percent unemployment and two quarters of growth greater than 3 percent — before whacking the budget deficit. "
6 % ???
for god's sake bobby
if you're preparing a completely malicious budget axe scenario
at least use 3 % as the doomsday rate
not 6%
what the hell is so great about 6%
that letting the hatchet boys free once we get there
seems like its you know maybe ..okay ?
if a progressive buys the NAIRU invisible straight jacket
what can the common citizen think ?
in fact this whole game
of axe yes but not yet...
is woefully opportunistic
are we to believe progressives
find neo liberal brakes on the job market
acceptable ?
the only time in the last 32 years
when the wage share may have gained ground
was during clinton term II
the one time unemployment was allowed to fall below the NAIRU de jour
are we to just take it
when a progressive stolidly re afirms the spurious hoax claim
that there exists
a nearly fixed set of ceilings
under which
long run nominal federal debt is free to expand ?
violate those ceilings and crisis will soon follow
total clown crap
can bobby really believe this
or is he pandering to mass ignorance
if he's pandering
he'd be better to shut up
instead of confirming the reality of the hoax