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Posted at 6:30 PM ET, 12/10/2010

Reconciliation

By Ezra Klein

Recap: Why tax reform will be harder than you think; six lessons from the tax deal; and Silicon Valley thinks different.

Elsewhere:

1) How generous was the original Social Security program?

2) McConnell convincing Democrats of the need for filibuster reform.

3) Wait, what?

4) TED talks for foodies.

5) I'll be talking tax reform and tax deals on Larry Kudlow's show tonight. Hit time is 7:40 eastern.

Recipe of the day: Chili with espresso?

By Ezra Klein  | December 10, 2010; 6:30 PM ET
 
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Next: Wonkbook: Senate to move on tax deal today; bill might keep 2 million out of poverty; Senate still dysfunctional

Comments

Ezra, lose the sideburns and the part in front of your hair, otherwise you did ok.

You're supposed to be passionate about your POV, cut loose!

Posted by: 54465446 | December 10, 2010 7:55 PM | Report abuse

How on earth did you manage to not even mention the 8 hour speech on, let me see what was the topic, economic and domestic policy that Bernie Sanders gave on the floor of the Senate today? Apparently something like half a million people watched it online, and it was the number one and two topic on Twitter. It was also incredibly substantive.

One would think, Ezra, that a blog that purports to cover domestic policy would at least mention a historic speech on the Senate floor and the obvious stir it created among a good many Americans. Actually I would have hoped for a detailed discussion of it in a post. But instead, nothing. Very disappointing.

Posted by: brooklyngj | December 10, 2010 8:02 PM | Report abuse

"How on earth did you manage to not even mention the 8 hour speech on, let me see what was the topic, economic and domestic policy that Bernie Sanders gave on the floor of the Senate today?"

Or not mention Bill Clinton's endorsement of the tax deal. How about Jimmy Carter?

Posted by: tuber | December 10, 2010 8:42 PM | Report abuse

Ezra,
If you haven't already done so, you may wish to consider interviewing David Stockman Reagan's former budget director at some point. He has some interesting contrarian views about the ineffectiveness of stimulus in the current economy, given that the financial crisis was not a typical business cycle downturn. He also makes the point that the recovery process is over and what we are in now is the "new normal", so all that additional stimulus spending will do at this point is run up the debt without generating self-sustaining economic growth.

http://www.thefiscaltimes.com/Issues/Budget-Impact/2010/10/06/David-Stockman-US-Is-in-Race-to-the-Fiscal-Bottom.aspx

http://www.npr.org/templates/story/story.php?storyId=129052425

http://www.nytimes.com/2010/08/01/opinion/01stockman.html

http://online.wsj.com/video/the-big-interview-with-david-stockman/8E99A460-CA55-4D99-ABE8-5E4BBF6B6A32.html

Posted by: jnc4p | December 10, 2010 9:24 PM | Report abuse

jmcp4:

I know Stockman has a lot more credibility than me, but I've been writing the same thing in posts for the last 3 days. LOL

Of course I might be a homeless guy on a public library computer for that matter.

Posted by: 54465446 | December 10, 2010 11:24 PM | Report abuse

"Chili with espresso?"

No.

Posted by: pj_camp | December 11, 2010 5:15 PM | Report abuse

"to not even mention the 8 hour speech on, let me see what was the topic, economic and domestic policy that Bernie Sanders gave on the floor of the Senate today?
Or not mention Bill Clinton's endorsement of the tax deal."

i think it is all grandstanding and window-dressing, and the moment wont be complete without some predictable, shrill haranguing from howard dean.
the following quote will matter a whole lot more than a chorus of sanders,clinton and dean, in my opinion.

WASHINGTON -- The country's foremost senior-issues advocacy organization on Friday night lent its support to a critical provision of the president's tax cut deal with Republicans.".
In what could prove to be a consequential assessment of "the framework," AARP's Executive Vice President John Rother says that both he and his organization have determined that a two percentage point reduction in the payroll tax rate (from which Social Security gets its revenue) would not endanger the solvency of their community's cherished program.

Posted by: jkaren | December 12, 2010 3:01 PM | Report abuse

I agree Ezra,

You should have written about the Sanders speech.

Pat

Posted by: pparris | December 13, 2010 11:04 AM | Report abuse

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