Tag Archives: Jan Schakowsky

The Greed of the “Bottom Half”

We’ll shortly be hearing the objections of deficit hawks to the deficit reduction package Demos, The Century Foundation, and the Economic Policy Institute. No doubt they’ll echo the criticisms that have already been leveled at the deficit-shrinkage roadmap Rep. Jan Schakowsky put on the table earlier this month. To get a sense of what those criticisms are likely to be, I recently had a close look at a Schakowsky critique by The Atlantic’s resident deficit hawk, Derek Thompson.

The first thing that makes Thompson’s November 16 piece interesting is that it actually acknowledges the existence of Schakowsky’s plan. The second thing, only slightly less extraordinary, is that Thompson makes an effort to analyze and understand the proposal. It took the New York Times nearly two weeks after Schakowsky released it to even note that it was there (and even then, didn’t provide details).

What’s most remarkable about Thompson’s analysis, however, is that he lectures Schakowsky for not squeezing poor and low-income workers hard enough. Continue reading The Greed of the “Bottom Half”

Schakowsky’s Deficit Reduction Plan Is Game Changer

Rep. Jan Schakowsky’s deficit reduction proposal is a game changer: a serious, moderate, balanced blueprint for addressing the nation’s long-range fiscal challenges, by a leading progressive lawmaker. How her colleagues on the president’s deficit commission respond to it will be a test of how serious they really are about solving the deficit puzzle in a fair and equitable way.

Jan Schakowsky is sometimes described as “one of the most liberal members” of the commission. But the deficit reduction plan she released on Tuesday is moderate, sensible, and actually more effective at lowering the deficit over the next few years than the plan co-chairs Alan Simpson and Erskine Bowles tabled last week ($427 billion in savings by 2015, vs. $250 billion). Continue reading Schakowsky’s Deficit Reduction Plan Is Game Changer

Hail Mary! Co-Chairs Spin While Deficit Commission Staggers Toward Deadlock

I’ve been saying for months that the National Commission on Fiscal Responsibility and Reform is probably doomed. The co-chairs, Alan Simpson and Erskine Bowles, appear to agree.

So my first real question is, What have these people been doing with $500,000 of the taxpayers’ money for the past nine months? Lori Montgomery in the Washington Post reports that many of the commission’s 18 members were “startled” by the Bowles-Simpson plan, which Bowles himself called a “starting point.”

Starting point? Are you kidding? This commission was empaneled in February and held its first – official – meeting in May. It’s now less than three weeks Continue reading Hail Mary! Co-Chairs Spin While Deficit Commission Staggers Toward Deadlock

Deficit Commission Member Predicts Deadlock

Rep. Jan Schakowsky, a member of President Obama’s National Commission on Fiscal Responsibility and Reform, predicts the panel will not come up with a unified pan to cut the deficit – and slash Social Security. Schakowsky, appointed by Speaker Nancy Pelosi, is one of the small number of reliable pro-Social Security voices in the commission.

Speaking yesterday on a panel at the America’s Future Now! conference in Washington, she said,

“I think it’s unlikely we’ll achieve that kind of consensus. There are 14 of us on the commission, and the dominant ethic is that deficit reduction is comparable to the security of the United States, and so sacrifices have to be made. Yet many on the commission don’t want to talk about any increase in revenue. And many of us are reluctant to talk about reductions in benefits.”

Continue reading Deficit Commission Member Predicts Deadlock