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	<title>Comments on: My Views on Spending Cuts and Entitlements</title>
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	<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/</link>
	<description>Facts, Thoughts, and Commentary</description>
	<lastBuildDate>Mon, 20 May 2013 11:25:30 +0000</lastBuildDate>
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		<title>By: Mitchel</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-700894</link>
		<dc:creator>Mitchel</dc:creator>
		<pubDate>Wed, 15 May 2013 16:30:25 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-700894</guid>
		<description><![CDATA[Great post.]]></description>
		<content:encoded><![CDATA[<p>Great post.</p>
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		<title>By: Andi</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-423923</link>
		<dc:creator>Andi</dc:creator>
		<pubDate>Thu, 03 Jan 2013 02:05:18 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-423923</guid>
		<description><![CDATA[Good article Postkey, I was going to put the link up myself. It&#039;s not a personal attack article, but does highlight the fact Jared (like so many other progressive economists) allows his terms of reference to be set by a conservative neo-liberal framework.

It&#039;s frustrating because I love so many of your ideas Jared. But while we&#039;re saddled with this demonstrably incorrect conservative idea that the Government has to be run like a household we won&#039;t build the WITT society we&#039;d like.]]></description>
		<content:encoded><![CDATA[<p>Good article Postkey, I was going to put the link up myself. It&#8217;s not a personal attack article, but does highlight the fact Jared (like so many other progressive economists) allows his terms of reference to be set by a conservative neo-liberal framework.</p>
<p>It&#8217;s frustrating because I love so many of your ideas Jared. But while we&#8217;re saddled with this demonstrably incorrect conservative idea that the Government has to be run like a household we won&#8217;t build the WITT society we&#8217;d like.</p>
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		<title>By: Helen C</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-423760</link>
		<dc:creator>Helen C</dc:creator>
		<pubDate>Thu, 03 Jan 2013 00:09:12 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-423760</guid>
		<description><![CDATA[Assistance programs?  Try standing next to a young person at the bank presenting   gov&#039;t check for 4,000 or 5,000 dollars for a welfare entitlement in January and t
then monthly ly for each child they have and the majority under 10!  They all have cell pho-es, are dressed to the tee and don&#039;t work!  The more kids they have the more. Support they get.  Their grocery baskets are 
full. They appear to.be the only ones able to a doctor for a sore tonal and they get their drugs paid for.

I am alone on disability with small help from a little part time job ((10) hrs a week and I can&#039;t pay a go-pay!   Social security is constantly checking me.

Talk about abuse.  I wish someone would publish these wasteful money five-away where everyone can see them.  The deficit would probably be reduced be 1/2..I  wish, too, that congress would stop this melodrama every year.]]></description>
		<content:encoded><![CDATA[<p>Assistance programs?  Try standing next to a young person at the bank presenting   gov&#8217;t check for 4,000 or 5,000 dollars for a welfare entitlement in January and t<br />
then monthly ly for each child they have and the majority under 10!  They all have cell pho-es, are dressed to the tee and don&#8217;t work!  The more kids they have the more. Support they get.  Their grocery baskets are<br />
full. They appear to.be the only ones able to a doctor for a sore tonal and they get their drugs paid for.</p>
<p>I am alone on disability with small help from a little part time job ((10) hrs a week and I can&#8217;t pay a go-pay!   Social security is constantly checking me.</p>
<p>Talk about abuse.  I wish someone would publish these wasteful money five-away where everyone can see them.  The deficit would probably be reduced be 1/2..I  wish, too, that congress would stop this melodrama every year.</p>
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		<title>By: Postkey</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-420550</link>
		<dc:creator>Postkey</dc:creator>
		<pubDate>Tue, 01 Jan 2013 21:50:16 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-420550</guid>
		<description><![CDATA[There is an &#039;interesting&#039; comment on &quot;My Views on Spending Cuts and Entitlements&quot;

At http://bilbo.economicoutlook.net/blog/?p=22230]]></description>
		<content:encoded><![CDATA[<p>There is an &#8216;interesting&#8217; comment on &#8220;My Views on Spending Cuts and Entitlements&#8221;</p>
<p>At <a href="http://bilbo.economicoutlook.net/blog/?p=22230" rel="nofollow">http://bilbo.economicoutlook.net/blog/?p=22230</a></p>
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		<title>By: Alyosha</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-419607</link>
		<dc:creator>Alyosha</dc:creator>
		<pubDate>Tue, 01 Jan 2013 10:53:25 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-419607</guid>
		<description><![CDATA[Jared,
It sounds like the Eight Vicissitudes—in this case praise/blame or fame/disrepute—are causing you suffering. For me, such suffering is always a sure sign of the ascendance of my egoic self. When you view your own media appearances, what do you see shining forth: ego or Buddha-nature?

Why not focus on the tremendous gratitude you must feel for the opportunity you’ve been granted to speak for the vast number of Americans who do not have a voice in elite policy determination? As you rightly point out, too much balance can lead to unbalance. We cannot become enthralled with one aspect of the dharma above the others. The peril of false equivalence in Washington is also widely recognized. Knowing that you will inevitably err, why not err on the side of the downtrodden, rather than the powerful?

No one in our nation’s capital completely escapes the insidious corruption, but we are obligated to try mightily. When I lived in DC, I found that, when I deigned to notice, there was always a homeless person or low-wage service worker around to talk to and straighten out my priorities.]]></description>
		<content:encoded><![CDATA[<p>Jared,<br />
It sounds like the Eight Vicissitudes—in this case praise/blame or fame/disrepute—are causing you suffering. For me, such suffering is always a sure sign of the ascendance of my egoic self. When you view your own media appearances, what do you see shining forth: ego or Buddha-nature?</p>
<p>Why not focus on the tremendous gratitude you must feel for the opportunity you’ve been granted to speak for the vast number of Americans who do not have a voice in elite policy determination? As you rightly point out, too much balance can lead to unbalance. We cannot become enthralled with one aspect of the dharma above the others. The peril of false equivalence in Washington is also widely recognized. Knowing that you will inevitably err, why not err on the side of the downtrodden, rather than the powerful?</p>
<p>No one in our nation’s capital completely escapes the insidious corruption, but we are obligated to try mightily. When I lived in DC, I found that, when I deigned to notice, there was always a homeless person or low-wage service worker around to talk to and straighten out my priorities.</p>
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		<title>By: Alyosha</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-419515</link>
		<dc:creator>Alyosha</dc:creator>
		<pubDate>Tue, 01 Jan 2013 10:00:50 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-419515</guid>
		<description><![CDATA[Thanks for providing some much-needed perspective on the current debate. With the exception of the runup to the second Iraq War, I can&#039;t recall a time when our public discourse has been so disconnected from reality.]]></description>
		<content:encoded><![CDATA[<p>Thanks for providing some much-needed perspective on the current debate. With the exception of the runup to the second Iraq War, I can&#8217;t recall a time when our public discourse has been so disconnected from reality.</p>
]]></content:encoded>
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		<title>By: Alyosha</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-419495</link>
		<dc:creator>Alyosha</dc:creator>
		<pubDate>Tue, 01 Jan 2013 09:44:52 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-419495</guid>
		<description><![CDATA[All of your points are absolutely spot-on, but the first of them is especially important right now. Unfortunately, many liberal elites seem to specialize in parroting conservative frames. That is certainly Obama&#039;s modus operandi, though I suppose it&#039;s not surprising that he doesn&#039;t focus on the unemployment disaster. In a sense, the Great Stimulus Pre-Compromise of &#039;09 was the catalyst for a perpetual motion machine of economic policy failure. Slow wage growth and spiraling inequality will keep austerity at the top of the agenda indefinitely.]]></description>
		<content:encoded><![CDATA[<p>All of your points are absolutely spot-on, but the first of them is especially important right now. Unfortunately, many liberal elites seem to specialize in parroting conservative frames. That is certainly Obama&#8217;s modus operandi, though I suppose it&#8217;s not surprising that he doesn&#8217;t focus on the unemployment disaster. In a sense, the Great Stimulus Pre-Compromise of &#8217;09 was the catalyst for a perpetual motion machine of economic policy failure. Slow wage growth and spiraling inequality will keep austerity at the top of the agenda indefinitely.</p>
]]></content:encoded>
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		<title>By: urban legend</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-419359</link>
		<dc:creator>urban legend</dc:creator>
		<pubDate>Tue, 01 Jan 2013 08:50:51 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-419359</guid>
		<description><![CDATA[Is it proposed that veterans benefits will be shifted to a chained-CPI? How about cost adjustments in defense contracts or government employee wages? Is the BLS in the process of shifting its official, top-line figure from the CPI-U to the Chained-CPI? If not, why not?

If Chained-CPI is &quot;more accurate,&quot; why does BLS say that &quot;[t]he CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today&#039;s prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period,&quot; or that the CPI-U is &quot;[o]ur broadest and most comprehensive CPI&quot;? Why does BLS take seriously critiques asserting that the CPI-U understate inflation as it does for ones asserting it overstates it?]]></description>
		<content:encoded><![CDATA[<p>Is it proposed that veterans benefits will be shifted to a chained-CPI? How about cost adjustments in defense contracts or government employee wages? Is the BLS in the process of shifting its official, top-line figure from the CPI-U to the Chained-CPI? If not, why not?</p>
<p>If Chained-CPI is &#8220;more accurate,&#8221; why does BLS say that &#8220;[t]he CPI is generally the best measure for adjusting payments to consumers when the intent is to allow consumers to purchase at today&#8217;s prices, a market basket of goods and services equivalent to one that they could purchase in an earlier period,&#8221; or that the CPI-U is &#8220;[o]ur broadest and most comprehensive CPI&#8221;? Why does BLS take seriously critiques asserting that the CPI-U understate inflation as it does for ones asserting it overstates it?</p>
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		<title>By: Matthew G. Saroff</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-418706</link>
		<dc:creator>Matthew G. Saroff</dc:creator>
		<pubDate>Tue, 01 Jan 2013 02:10:32 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-418706</guid>
		<description><![CDATA[It seems to me that a Chained CPI is a fraud for two reasons.

First, the old CPI has been set to lower reported inflation below actual inflation for years, Greenspan has been lobbying for this since the late 1980s, at least.

Second, and most important, is that an accurate reporting of CPI among the elderly would be &lt;b&gt;higher&lt;/b&gt; rather than &lt;b&gt;lower&lt;/b&gt; than the already under reporting standard CPI.

As an aside, I would also note that the &quot;Chained CPI&quot; is pro cyclical:  It makes social programs contract when poverty rises, and expand when poverty falls.]]></description>
		<content:encoded><![CDATA[<p>It seems to me that a Chained CPI is a fraud for two reasons.</p>
<p>First, the old CPI has been set to lower reported inflation below actual inflation for years, Greenspan has been lobbying for this since the late 1980s, at least.</p>
<p>Second, and most important, is that an accurate reporting of CPI among the elderly would be <b>higher</b> rather than <b>lower</b> than the already under reporting standard CPI.</p>
<p>As an aside, I would also note that the &#8220;Chained CPI&#8221; is pro cyclical:  It makes social programs contract when poverty rises, and expand when poverty falls.</p>
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		<title>By: apetra</title>
		<link>http://jaredbernsteinblog.com/my-views-on-spending-cuts-and-entitlements/#comment-417249</link>
		<dc:creator>apetra</dc:creator>
		<pubDate>Mon, 31 Dec 2012 13:50:54 +0000</pubDate>
		<guid isPermaLink="false">http://jaredbernsteinblog.com/?p=7409#comment-417249</guid>
		<description><![CDATA[House Republicans should pass a standalone bill that extends the debt limit by $200 billion, but dedicates the amount exclusively to interest and due principal on already outstanding national debt.

Rejigger federal legislation spending priorities, if need be, in the same legislation, so the funds cannot be diverted to other discretionary spending.

In one stroke, this takes the Democrats&#039; threat of default off the table.  If Republicans do it right, and additionally protect the priority of current Social Security and Medicare, Democrats cannot scare seniors, either.  If Democrats will not pass it in the Senate, or the President will not sign it -- and heaven forbid take the country into default -- they are the ones holding solvency hostage, and blame will fall on them.

Also, Republicans should pass their legislative agenda in a second, standalone bill.  Repeal Obamacare.  Enact the Ryan entitlement reforms. End the EPA&#039;s regulation of CO2 emissions and give the go-ahead to Keystone and fracking. Cut taxes by 5% across the board, while eliminating the deductibility of state and local taxes. Slash discretionary spending 20% across the board, including defence (which would have much less impact on national security with such a weak and misguided Commander in Chief). Authorize the additional (but much smaller) borrowing needed to fund this agenda, but no other.

Lay the groundwork for new bipartisan commissions to discuss selective restoration of spending, or additional cuts and department eliminations, and a new healthcare program focused on the uninsured and opening a national market for healthcare consumers.

Then, Mr. Boehner should take his caucus and leave town. Sell the program in the districts, in the streets, on the airwaves. If the Democrats default on the debt, shut down the government, debauch the currency, or otherwise act extra-constitutionally, the Republicans must fight them on all fronts.

House Republicans won an amazing victory in 2010, the most dramatic change from one party to another since the 1940s. Remarkably, they repeated that victorious performance, in the most stunning and unexpected upset of 2012. (Obama&#039;s victory not that surprising, and Senate Democrats won mainly on social issues).

Democrats want to raise taxes, but want to raise spending even more.  

Republicans must stand for the principal of cutting taxes but cutting spending even more.]]></description>
		<content:encoded><![CDATA[<p>House Republicans should pass a standalone bill that extends the debt limit by $200 billion, but dedicates the amount exclusively to interest and due principal on already outstanding national debt.</p>
<p>Rejigger federal legislation spending priorities, if need be, in the same legislation, so the funds cannot be diverted to other discretionary spending.</p>
<p>In one stroke, this takes the Democrats&#8217; threat of default off the table.  If Republicans do it right, and additionally protect the priority of current Social Security and Medicare, Democrats cannot scare seniors, either.  If Democrats will not pass it in the Senate, or the President will not sign it &#8212; and heaven forbid take the country into default &#8212; they are the ones holding solvency hostage, and blame will fall on them.</p>
<p>Also, Republicans should pass their legislative agenda in a second, standalone bill.  Repeal Obamacare.  Enact the Ryan entitlement reforms. End the EPA&#8217;s regulation of CO2 emissions and give the go-ahead to Keystone and fracking. Cut taxes by 5% across the board, while eliminating the deductibility of state and local taxes. Slash discretionary spending 20% across the board, including defence (which would have much less impact on national security with such a weak and misguided Commander in Chief). Authorize the additional (but much smaller) borrowing needed to fund this agenda, but no other.</p>
<p>Lay the groundwork for new bipartisan commissions to discuss selective restoration of spending, or additional cuts and department eliminations, and a new healthcare program focused on the uninsured and opening a national market for healthcare consumers.</p>
<p>Then, Mr. Boehner should take his caucus and leave town. Sell the program in the districts, in the streets, on the airwaves. If the Democrats default on the debt, shut down the government, debauch the currency, or otherwise act extra-constitutionally, the Republicans must fight them on all fronts.</p>
<p>House Republicans won an amazing victory in 2010, the most dramatic change from one party to another since the 1940s. Remarkably, they repeated that victorious performance, in the most stunning and unexpected upset of 2012. (Obama&#8217;s victory not that surprising, and Senate Democrats won mainly on social issues).</p>
<p>Democrats want to raise taxes, but want to raise spending even more.  </p>
<p>Republicans must stand for the principal of cutting taxes but cutting spending even more.</p>
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