Should the Republic Survive…

Newt Gingrich, GOP debate 12/10/11: If we do survive, it will be in part because of people like Rick [Santorum] who’ve had the courage to tell the truth about the Iranians for a long time.
Dan Drezner, Foreign Policy: Even a nuclear-armed Iran led by the current regime of nutball theocrats cannot threaten America’s survival. I get why the United States is concerned about Iran going nuclear, and I get why Israel is really concerned about Iran going nuclear. The only way that developments in Iran could threaten America’s survival, however, would be if the US policy response was so hyperbolic that it ignited a general Middle East war that dragged in Russia and China. Which… come to think of it, wouldn’t be entirely out of the question under a President Gingrich.
Lemkin: Yep. In line with suddenly making this “rotten discourse day” around here, this is just one more symptom, to be filed under “imaginary foreign policy | Serious Person edition.” Yes, existential threats to the United States and to “civilized” life on Earth as we know it are real and do exist. Climate change is very, very high on that list and may, in fact, far outweigh any other risk currently facing either the United States or, more generally, humanity itself in a truly existential fashion. That one party is allowed to categorically deny its very existence in defiance of the preponderance of evidence and inevitably in the name of journalistic integrity or “not taking sides” will be, perhaps, marveled at by whatever future race digs through the ashes of our long forgotten society. But there is simply no way a nuclear Iran poses an existential threat to these United States at any time in the near- to mid-term future. It is the height of folly to think otherwise and utterly laughable to suggest it on the national stage in the hopes of being taken seriously. And yet one party is allowed to do so frequently and in direct contradiction to any reasonable estimation of the empirical reality of the Iranian situation specifically or Middle Eastern policy in general. And, what do you know, here we are, back at our rotten discourse again. Funny that.

A mature society is one that can distinguish between 1) times when lawbreaking requires new, more robust laws, 2) when the appropriate conclusion is that there will just always be some level of crime, and 3) when the prohibition itself is incompatible with a free society.

Conor Friedersdorf, weighing in on SOPA and other draconian “law and order” approaches to the innerwebs. Which, of course, must be destroyed such that it may better serve our Galtian Overlords.
Sadly, we’re not even close to assessing the three points he lays out, because doing so would require us to throw our lot in with a bunch of pointy headed analysts and require looking into some “data” and “numbers” and making conclusions based on empirical reality. None of this is currently allowed in public discourse or decision making at any level. In fact, recourse to analysis and empiricism is frequently pointed to as a disqualification for office. And so the Republic crumbles.

I think it’s going to be Obama’s 99% versus the 1%, and Romney sort of represents the 1%.

Joe McQuaid, publisher of the New Hampshire Union Leader, on why his publication endorsed disgraced former Speaker Newt Gingrich instead of Mitt Romney. I think he’s right. But let’s not have The Democrat get to messaging this way or anything.

Tanned, Rested, and Ready

Brad DeLong gets emails:

I’m pretty sure if Aquaman dropped into the race right now and just said “Washington outsider” and “regulations are killing us” for two weeks, he would be the frontrunner for the Republican Presidential nomination through December.

Sure, sure. But he’d just as quickly be inexplicably captured by some two-bit villain with no powers to speak of and ultimately miss the early primaries while awaiting rescue. So save up all your Aquaman dreams for 2016 when things really open up. He and Huntsman will really make a run of it.

Tanned, Rested, and Ready

the current hand wringing about the administration’s pledge [not to raise sub-$250k tax rates] feels like a distraction…especially given that we could achieve medium term sustainability without going there.

Jared Bernstein agrees that we can achieve neutral debt/GDP ratios without savaging middle class rates. Serious People sure love to wring hands. It’s as though they have a vested interest in the tax rates of the trans-$250k class. Oh, right.

Again with the Middle Class

It’s almost as if our media aristocracy of inbred Serious People have a vested interest in seeing to it that the middle class, and only the middle class, gets soaked in any economic “compromise.” Amidst reacting to a particularly poor NYT Magazine piece, Dean Baker nails it:

…the piece too quickly dismisses the possibility of getting substantial additional tax revenue from the wealthy. It presents the income share for those earning more than $1 million as $700 billion, saying that if we increase the tax rate on this group by 10 percentage points (from roughly 30 percent to 40 percent), then this yields just $70 billion a year.

However, if we lower our bar slightly and look to the top 1 percent of households, with adjusted gross incomes of more than $400,000, and update the data to 2012 (from 2009), then we get adjusted gross income for this group of more than $1.4 trillion. Increasing the tax take on this group by 10 percentage points nets us $140 billion a year. If the income of the top 1 percent keeps pace with the projected growth of the economy over the decade, this scenario would get us more than $1.7 trillion over the course of the decade, before counting interest savings. Of course there would be some supply response, so we would collect less revenue than these straight line calculations imply, but it is possible to get a very long way towards whatever budget target we have by increasing taxes on the wealthy.

Shocking. And but also, Baker smartly includes the most important issue in any truly serious discussion of American economics and the proper balance of same: the cost of health care:

We pay twice as much per person as people do in other wealthy countries. Since more than half of the tab for our health care is paid by the government, our broken health care system becomes a budget problem. If we paid the same amount per person for our health care as people in other wealthy countries, we would be looking at long-term budget surpluses rather than deficits. The reason that we pay so much more is not that we get better outcomes – we don’t generally. Rather it is that we pay too much to drug companies, hospitals, medical specialists, and others in the health care industry.

Baker’s being generous. We spend as much as five times more per capita than the best performing countries do, all of which achieve uniformly better outcomes than we do. Obviously, the only possible answer here is just get Big Guvmint out of the way so the poor can kindly go die in the streets. It’s the only serious answer to the problem. Well, that and lowering taxes on the wealthiest 1% of the country.

Read the whole thing.

Again with the Middle Class

The question of whether the Herman Cain sexual harassment story will hurt his presidential campaign sort of misses the point that there is no Herman Cain presidential campaign. There are certain things you do when you run for president. You try to raise a lot of money. Cain is not doing that. If you can’t raise a lot of money, you campaign heavily in early primary states, trying to get some early success that can snowball into later primaries. Cain isn’t doing that, either. You hire a staff of political operatives. You at least pretend to know something about world affairs. You try to attract as many people as possible to your events. Cain, by contrast, frequently charges admission.

Cain is executing a business plan. It’s an excellent plan. The plan involves Cain raising his profile as a conservative personality, which he can monetize through motivational speaking, book sales, talk shows, and other media. Cain’s selling point is that he’s a black conservative who can capitalize on the sense of white racial victimization that has mushroomed during the Obama era. Accordingly, Cain assures conservatives that they are not racist, as proven by their support for him. Indeed, it is the liberals who are racist, as evidenced by their opposition to Cain.

If Cain were campaigning to be president, the scandal would hurt him. Since he is instead campaigning to boost his profile, it will help him.

Jonathan Chait clearly and succinctly tells you everything you need to know about the Cain Train.

…this is the way the right goes after everyone who stands in their way: accuse them of everything, no matter how implausible or contradictory the accusations are. Progressives are atheistic socialists who want to impose Sharia law. Class warfare is evil; also, John Kerry is too rich. And so on.

Paul Krugman, sole member of the mainstream media who seems to understand this simple concept.

You have a one-half of one-percent surtax on the 1,000,0001th dollar – in other words it doesn’t affect anybody who makes $999,000, it doesn’t affect anybody making $999,999 – and if you want to find the guy who make $1,000,0001, it only affects that $1. That’s the only thing the rate goes up on. If you make $1.1 million, and god-willing this passes, you would pay next year, $500 more in taxes. […] I say to the American people: watch your senator. Watch him or her choose: Are you going to put 400,000 school teachers back in classrooms; are you going to put 18,000 cops back on the street, and 7,000 firefighters back into firehouses? OR are you going to save people with average income over $1 million a one-half of one-percent increase in tax on every dollar they make over a million.

Joe Biden and every other Democrat in Washington DC should’ve been talking like this since day one. But now is as good a time to start as any. More please.