Because it’s not really about deficit reduction. Anyway, instead of slashing benefits, cutting or holding constant science spending, and so on, the Congressional Progressive Causus has released its own deficit reduction plan (details in pdf):
Of course, this will never pass (boldface mine):
Today, liberals in the House of Representatives will roll out a new plan to avert the sequester. It calls for more investment in job creation as a way to generate new revenues to bring down the deficit. It calls for a mix of new revenue increases and spending cuts — all focused on defense — that would bring the overall balance between revenues and cuts in the deficit reduction of the past two years into a one-to-one ratio.
Needless to say, this plan — the creation of the Congressional Progressive Caucus — has no chance whatsoever of passing Congress. Which is exactly the point: No plan that prioritizes job creation as the best means of reducing the deficit; no plan that cuts defense while determinedly avoiding any cuts that would hurt the poor and elderly; no plan that includes equivalent concessions by both sides — could ever have a prayer in today’s Washington. It’s yet another indication of how out of whack Washington’s priorities are…
That such a plan has no chance of passage is only the latest sign of just how marginalized this view — that we should prioritize investing in job creation first in order to bring down the deficit — has become.
Nevertheless, it’s important to get this out there; if nothing else, it pushes the discussion back towards the left. And if you are fortunate enough to have Democratic Congressmen or Senators, why not ask them if they support this? If not, why not? It’s a good bill.