Deals have been around for a long time in the U.S. There was Teddy Roosevelt’s Square Deal, everyone know the New Deal and many know the Fair Deal. So what’s the next deal, and what’s it going to be called? If you have noticed all the talk about a fiscal cliff, sequestration, Simpson-Bowles, and so on, this talk is the lead up to the next deal. From all appearances the next deal promises to be a significant downgrade to the quality of life for at least a majority of the population and maybe a very high percentage of the population. In other words this next deal is going to be a _______ or a _________ deal. Please feel free to fill in the blanks.
In January 2013 automatic budget cuts and the expiration of Bush’s temporary tax cuts are set to occur. This is a result of a deal that Congress reached last year. The budget cuts are even directed at the sacred military industrial complex, so you will find tons of articles on the looming national security crisis if you google “sequestration.” Educators and local governments will also lose, and their loss is more poignant, because they have never received the kind of funding that the bloated military industries receive. So, there is a lot of bluster about the devastation of the cuts. There is tremendous motivation by polititicians to avoid cuts to the defense industry.
There is also a lot of talk about a fiscal cliff, which is hard to understand. Somehow the U.S. is facing an abyss in January 2013. Although, letting Bush’s temporary tax cuts expire would seem to help the U.S. finances tremendously, it is portrayed as a looming disaster. The narrative is being told and retold that January 2013 is a time when cuts and sacrifices must occur.
Without delving any further into the policy and where the truth can be found, the point needs to made that Americans are going to be stuck with a deal, and indications are that it will be a deal that weakens Social Security and other key programs that create a baseline of economic security. The chatter and discussion going on in the media and the beltway is the elites convincing themselves that “everyone” needs this, it is “inevitable” and it must be done. Fait accompli. This next deal will be unlike the deals of the past, because it will represent a blow to the economic security of most Americans, and the Square Deal, the New Deal and the deals of the past were good deals. It is a new age and the end of any good deals.