Stacking the Deck: The Phony 'Fix the Debt' Campaign

The Editors

February 20, 2013

The least controversial lines in President Obama’s State of the Union address should have been his assertions that “deficit reduction alone is not an economic plan” and that “we can’t just cut our way to prosperity.” Common sense, right? Wrong—if you’re getting your economic analysis from the GOP, more than a few Democrats and much of the media. Even Obama, in the same speech, paid homage to the safety-net-shredding strategies of the Simpson-Bowles deficit-reduction commission. As Paul Krugman reminds us, “Inside the Beltway Simpson and Bowles have become sacred figures. But the people doing that elevation are the same people who told us that Paul Ryan was the answer to our fiscal prayers.”