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From March 24, 2009: Grassley Proposes Insane Three Year Spending Freeze

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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:41 PM
Original message
From March 24, 2009: Grassley Proposes Insane Three Year Spending Freeze
Edited on Mon Jan-25-10 09:47 PM by neverforget
Nothing like a recycled idea from a Republican with a shout out from noted liberal Evan Bayh. He had some help with it though from that other liberal Sen Chuck Grassely (R-Ia):

Grassley Proposes Insane Three Year Spending Freeze

Sen. Chuck Grassley (R-IA) has been on a roll recently. In the last few weeks, he suggested that AIG executives commit suicide, advocated lying about comparative effectiveness research and electronic medical records, and is now pushing an insane, debilitating spending freeze as a response to our economic ills:

What you get when you have an across-the-board freeze is everybody is seen as contributing something, Mr. Grassley saidadding that a three-year freeze would produce a more dramatic effect. Over a period of time, theres something predictable about a freeze, and over a period of time it makes a big differenceThe multiplier effect of freezing something for three years is very dramatic.

As Paul Krugman wrote regarding a spending freeze, thats not a retrogression to Herbert Hoover; even Hoover knew better than that. David Brooks agreed, calling such a move insane.

A freeze would have the dramatic effect of providing dangerous anti-stimulus at the precise moment when stimulus is needed most. Its a shame that this policy prescription is coming from Grassley, who can be so reasonable when not engaging in crazy rhetoric.

(edited for missing word)
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:45 PM
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1. Im interested in whether Krugman will have the stones to oppose Obama's version
This will be a good test of whether he's still an economist, or if he's nothing but a political commentator.

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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:48 PM
Response to Reply #1
2. My gut tells me Krugman will oppose Obama's version. But that's just
me.....
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:53 PM
Response to Reply #2
3. I would hope so
Its economic suicide for a recovery.
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Kurt_and_Hunter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 09:54 PM
Response to Reply #1
4. Krugman will go nuts... he has been warning against this 24/7
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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:11 PM
Response to Reply #4
5. I hope he stays true to what he said last year about a spending freeze
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PA Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 09:24 AM
Response to Reply #1
11. Krugman: Obama Liquidates Himself
http://krugman.blogs.nytimes.com/2010/01/26/obama-liqui... /

<snip>

A spending freeze? Thats the brilliant response of the Obama team to their first serious political setback?

Its appalling on every level.

Its bad economics, depressing demand when the economy is still suffering from mass unemployment. Jonathan Zasloff writes that Obama seems to have decided to fire Tim Geithner and replace him with the rotting corpse of Andrew Mellon (Mellon was Herbert Hoovers Treasury Secretary, who according to Hoover told him to liquidate the workers, liquidate the farmers, purge the rottenness.)

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moondust Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:16 PM
Response to Original message
6. Obama's plan is not across the board.
Adviser on Rachel says it is targeted at wasteful spending that does not help create jobs, whatever that means.

Grassley's plan was across the board, which is Stupid Hooverism.
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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:23 PM
Response to Reply #6
7. If it's wasteful spending, then why is it funded now? Where are these programs?
It's a rhetorical question. I know the answer because one person's wasteful spending is another ones priority.
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moondust Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 10:29 PM
Response to Reply #7
8. Don't ask me.
Maybe nonsense supported by Bush/Cheney for 8 years. :shrug:
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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 11:09 PM
Response to Reply #8
9. That's about it
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neverforget Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-26-10 09:18 AM
Response to Original message
10. Kick
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