On today's BradCast (link to complete audio below), Republican and Democratic leadership strike a deal to avoid defaulting on U.S. loan payments and to keep the government open for two years. But at what cost?
Financial journalist David Dayen of Salon joins us to explain both the grand deal and its cost to both Republicans and Democrats (though, arguably, much more to Democrats.)
"In general what this whole thing does is prevent a bunch of hostage-taking," on the part of Republicans, Dayen explains. "I think that is the real problem that the House Freedom Caucus [formerly the 'Tea Party Caucus'] has with it." Other than that, as he breaks it down for us, Republicans and war hawks seem to get a much better deal out of the bargain.
Democrats, while getting some much needed relief to arbitrary spending caps on several social programs, ultimately pay a price for cuts to Medicare and Social Security in this agreement, says Dayen. While Republicans, on the other hand, receive a huge $32 billion "slush fund" above and beyond anything Democrats get, in order to pay for more militarism under the bogus guise of "Overseas Contingency Operations".
"When we have homeless people that need shelter or poor people that need food for the food stamp program, then the answer is 'We're broke! We cannot pay for that! We're selling out our children's future! There's no way we can scrounge up any more money out of the couch cushions!," Dayen explains on today's show. "But when this little kitty that Pentagon generals want to use to protect their favorite program or build more weapons of any kind --- that we have plenty of money for, and if you don't like it you hate the troops and you're un-American."
All of that and much more detail to help you understand what's really going on in this deal and on one crucial point concerning the nation's debt ceiling that Dayen describes as "a total failure...by the leadership of the Democratic Party."
Also today: Poll shakeups in the Presidential race(s); The dog who shot his owner; The major retailer that plans to close for "Black Friday"; And --- speaking of excrement "in the barn" in Washington D.C. --- Desi Doyen joins us for our latest Green News Report with a new plan to literally put it all to good use and much more...
Download MP3 or listen to complete show online below...
(Snail mail support to "Brad Friedman, 7095 Hollywood Blvd., #594 Los Angeles, CA 90028" always welcome too!)