Robert Reich STILL hasn't figured out the obvious. Obama is an idiot, true, but his constant pandering to the GOP looking for "consensus" where none is possible and ignoring the voters who put him in, should be obvious to all:
Austerity economics — of which Ryan’s upcoming budget is the most extreme version — is a cruel hoax. Cruel because it hurts most those who are already hurting; a hoax because it doesn’t work.
The entire framework is based on the false analogy that the federal budget is akin to a family’s budget.
Families do have to balance their budgets. But that’s precisely why the federal government has to be the spender of last resort when consumer spending falls short of boosting the economy toward full employment.
I don't know of any family who can print their own money, so the analogy is faulty on its face. The federal government CAN'T go broke.
Furthermore, Ryan is batshit crazy.
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