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Robert Kuttner

BIO

Robert Kuttner: How to Abort the Recovery

Co-Founder and Co-Editor of The American Prospect

As unemployment continues to rise, deficit hawks are upping their efforts to use the economic crisis as a pretext for gutting basic social programs such as Social Security and Medicare. The idea keeps surfacing for a bipartisan deficit-reduction commission, supposedly insulated from politics, which would agree to mandatory caps on spending and perhaps increased taxes as well. The latest ploy to promote such a commission is to use the upcoming vote on increasing the national debt, scheduled for late November. But the whole approach is bad economics and bad politics on several grounds.

 

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