Tuesday, April 26, 2011

The Senator from Massey Energy (i.e., West Virginia)...is an idiot.

I seem to remember saying (warning) y'all about what a bad Senator Joe Manchin (??-WV) might be. I think I called him another Ben Nelson (??-NB), that he was a complete and total whore for Massey Energy, and that he was holding 2.1 Million Americans hostage to serve his political ambitions.

Now this:

Today, Machin will formally endorse a Republican proposal for strict new spending caps, saying it would be "irresponsible" not to. He joins the Senate GOP, independent Sen. Joe Lieberman (Conn.), and Democratic Sen. Claire McCaskill (Mo.), which suggests the measure, generally known as the CAP Act, now has the support of a Senate majority, or at least close to it. There's even some talk it will be included as part of a "compromise" on the debt ceiling.

To date, the proposal hasn't gotten much attention, but it's important to understand how dangerous this is. Ezra Klein, who's arguably even more cautious in his rhetoric than I am, recently described the spending cap idea as "completely insane."

Spending caps are bad policy, and the McCaskill-Corker spending cap -- which holds spending to 21.5 percent of GDP, or three percentage points lower than it is right now -- is a badly designed spending cap. But beyond all that, it's laughable to posit it as a compromise: It's arguably the most radically conservative reform that could be made to the federal budget. More extreme, by far, than Paul Ryan's plan.

Start with the shell game at the core of this discussion: We're worried about the debt ceiling but talking about a spending cap. This works just fine if you hew to the conservative conceit that "we have a spending problem, not a taxing problem." But that applause line is just an effort to deny the contribution tax cuts have made to the deficit and keep tax increases from being part of a solution. If you think we have a debt problem -- and that's what being upset about raising the debt ceiling implies -- then do something about the debt. The "trigger" proposal the White House included in is budget, for instance, is tied to the debt, not to spending or taxes.

Of course, to the Republicans, that's a feature, not a bug. The virtue of a spending cap is that by focusing on only one contributor to debt, it admits only one solution to it: spending cuts. Savage ones. The Corker-McCaskill proposal is so aggressive that there are years when even Paul Ryan's budget, with all its fantastical assumptions and hard caps, wouldn't qualify. "You put McCaskill-Corker into law," says Bob Greenstein, president of the Center on Budget and Policy Priorities, "and progressive policy is dead for the next quarter-century."
Not that Lieberman and McCaskill are helping.  McCaskill is about to become the former Senator from Missouri, and Lieberman is well...Lieberman.

You wait. This scumbag will be campaigning for the Republican Nominee come 2012.