“The political problems of liberal populism are bad enough,” Jon Cowan and Jim Kessler of the “centrist” group Third Way wrote last week in The Wall Street Journal. “Worse are the actual policies proposed by left-wing populists.”
They’re warning Democrats not to push policies promoted by Massachusetts Sen. Elizabeth Warren and newly elected New York City Mayor Bill de Blasio.
Cowan and Kessler aren’t exactly Tea Party activists. Before Third Way, Cowan was Democrat Andrew Cuomo’s chief of staff at both Housing and Urban Development and then as Governor of New York. Kessler worked for Sen. Chuck Schumer (D‑NY) and as director of policy and research for Americans for Gun Safety.
Still, Warren and de Blasio are faulted for having a “‘we can have it all’ fantasy,” believing that, “If we force the wealthy to pay higher taxes (there are 300,000 tax filers who earn more than $1 million), close a few corporate tax loopholes, and break up some big banks then — presto! — we can pay for, and even expand, existing entitlements. Meanwhile, we can invest more deeply in K‑12 education, infrastructure, health research, clean energy and more.”
It’s “reckless” to ignore the looming financial insolvency of Social Security, Medicare and Medicaid (which is being dramatically expanded) warn these Third Way authors: “Sen. Warren and her acolytes are irresponsibly pushing off budget decisions that will guarantee huge benefit cuts and further tax hikes … in a few decades.”
In response, groups like Social Security Works, Progressives United and Progressive Change Campaign Committee are threatening any politician associated with Third Way not to dare challenge their hankering for unlimited entitlements forever.
Delusions die hard.
This is Common Sense. I’m Paul Jacob.