Forum: The Budget Deal of 2013 - Who wins, who loses?
The Budget Deal of 2013: Pentagon and Military Contractors Win; Workers, Vets, and Retirees Lose
A conversation with Jack Rasmus, Ph.D. Political Economist / Economy Writer for “Z” Magazine Who ‘wins’ and who ‘loses’ in the just concluded 2013 Ryan-Murray Budget Compromise? Why does it represent more ‘austerity’? What’s the strategic significance of the deal? Are social security-medicare cuts really ‘off the table’? Are corporate tax cuts next? Contrary to the media spin, there is a grand bargain in progress. It’s just dispersed, implemented over the course of several years since 2011 and in stages. It is being rolled out in segments and in phases.
The August 2011 deal. The phony Fiscal Cliff deal. Now the budget deal of 2013, in which defense spending cuts area fully restored while a ‘smoke and mirrors’ game is being played with domestic discretionary spending.
Dr. Jack Rasmus, Ph.D Political Economy, teaches economics and politics at St. Mary’s College in California. He is the author and producer of the various nonfiction and fictional works, including the books Obama’s Economy: Recovery for the Few, Pluto Press, 2012, Epic Recession: Prelude to Global Depression, Pluto Press, 2010, and The War at Home: The Corporate Offensive from Ronald Reagan to George W. Bush. Jack is the host of the weekly radio show, Alternative Visions, on the Progressive Radio Network, and a journalist writing on economic, political and labor issues for various magazines, including ‘Z‘ magazine, ‘Against the Current‘, ‘In These Times‘ and others. He blogs at jackrasmus.com, where weekly commentaries on US and global economic matters are available. His twitter handle is @drjackrasmus. Be a part of the studio audience!