Krugman: Getting to Crazy

NYT Op-Ed Column, "Getting to Crazy," By Paul Krugman:

... President Obama has made it clear that he’s willing to sign on to a deficit-reduction deal that consists overwhelmingly of spending cuts, and includes draconian cuts in key social programs, up to and including a rise in the age of Medicare eligibility. These are extraordinary concessions. As The Times’s Nate Silver points out, the president has offered deals that are far to the right of what the average American voter prefers — in fact, if anything, they’re a bit to the right of what the average Republican voter prefers!

... If a Republican president had managed to extract the kind of concessions on Medicare and Social Security that Mr. Obama is offering, it would have been considered a conservative triumph. But when those concessions come attached to minor increases in revenue, and more important, when they come from a Democratic president, the proposals become unacceptable plans to tax the life out of the U.S. economy.

... Yet, Republicans are saying no. Indeed, they’re threatening to force a U.S. default, and create an economic crisis, unless they get a completely one-sided deal - [Chairman of the House Budget Committee Paul Ryan's proposed a supposed deficit-reduction plan that includes huge tax cuts for corporations and the wealthy and converting Medicare from guaranteed coverage to a private health insurance voucher coupon program.]

... Beyond that, voodoo economics has taken over the G.O.P. Supply-side voodoo — which claims that tax cuts pay for themselves and/or that any rise in taxes would lead to economic collapse — has been a powerful force within the G.O.P. ever since Ronald Reagan embraced the concept of the Laffer curve. But the voodoo used to be contained. Reagan himself enacted significant tax increases, offsetting to a considerable extent his initial cuts.

Read the full column at the NYTimes...

Dems' Concessions On Debt Debate Are 'Very Troubling'

Huffington Post -- A resolution to raise the nation's debt ceiling may remain far off. But the long-term framing of the debate over spending and debt is becoming slightly clearer, and it's causing philosophical fissures among Democrats.

In an interview with The Huffington Post, former Ohio Governor Ted Strickland (D) aired his concern that the fiscal "belt-tightening" President Obama and many Democrats have pursued has effectively diminished the party's brand. Democrats, he argued, have "allowed the center of the political debate to be shifted so far to the right that we find ourselves debating on their territory and using Republican language ... It's very troubling".

Removed from office after a bruising re-election campaign, Strickland has largely avoided the political spotlight, choosing, instead, to help to build Democratic infrastructure in Ohio. But the debt ceiling debate has piqued his interest and drawn him back into the national conversation -- in large part, he said, because he's worried that his party is unnecessarily folding its superior hand.

Instead of conceding philosophical points to fiscal hawks, he said, the president should being using his bully pulpit to reframe the debate. Congressional Democrats, he added, should be forcing regular votes on "jobs bills" that would create an effective contrast between themselves and Republicans.

"You've got to create conflict, but it's got to be the right kind of conflict," he said. "The thing that bothers me is we allow ourselves to debate issues using their frame and we're doing it with this deficit issue. Everyone now, with the exception of maybe [House Minority Leader] Nancy Pelosi, begins their first statement with, 'Oh, we've got to deal with the deficit.' Yes! But not in 2011. We've got to deal with job losses in 2011."

Natural Shields Against Climate Change Weaker Than Anticipated

Former U.S. Vice President Al Gore plans to hit the climate crisis hard with a day of organized global action on Sept. 14. Gore announced his “Climate Reality Project” in this video. The day of action aims to use 24 speakers to broadcast 24 straight hours of climate activism, encouraging others to get up and undertake climate mitigation efforts as well.

The soil and the ocean are being weakened as buffers against global warming, in a vicious circle with long-term implications for the climate system, say two new investigations.

If the seas and the land are less able to soak up or store greenhouse gases, more of these carbon emissions will enter the atmosphere, holding in even more heat from the sun.

A study published in Nature [and ScienceDaily] says a gradual increase in atmospheric carbon dioxide (CO2) over the last half-century has accelerated the release of methane and nitrous oxide in the soil.

These gases are respectively 25 and 300 times more effective at trapping radiation than CO2, the principal greenhouse gas by volume.

"This feedback to our changing atmosphere means that nature is not as efficient in slowing global warming as we previously thought," said Kees Jan van Groenigen, a professor at Trinity College Dublin and the paper's lead author.