Borosage, Robert L.

Robert L. Borosage is the founder and president of the Institute for America’s Future and co-director of its sister organization, the Campaign for America’s Future. The organizations were launched by 100 prominent Americans to develop the policies, message and issue campaigns to help forge an enduring majority for progressive change in America.

Capitulation to Tea Party Extremists, By Robert Borosage

By Robert Borosage
Campaign for America's Future

The raw deal on the budget ceiling has been cut. The Tea Party terrorists – the extremist faction willing to hold the economy hostage to get their way – have won. The Republic, common sense and decency have been trampled.

With the economy deeply depressed, 25 million people in need of full time work, the raw deal will impede any recovery. It precludes any serious action on jobs from the federal government. It will cost jobs as spending is cut. Instead of getting serious about a plan to revive this economy and put people back to work, Washington will remain fixated on what and how much to cut. From the President to the Tea Party zealots, politicians will tell Americans that this agreement is “important to our economy.” Yes, it is important – important in the way a virus is important to a sickly patient. It will make things worse.

The Debt Ceiling Debacle

By Robert Borosage

"It is clear we must enter an era of austerity; to reduce the deficit through shared sacrifice," reads the statement issued by House Minority Leader Nancy Pelosi, as she endorsed Democratic Senate Leader Harry Reid's plan to cut $2.7 trillion in spending over 10 years with no call for the wealthy to pay anything in taxes.

It has come to this. The proud liberal leader of House Democrats, excluded from many of the debt ceiling negotiations because she insisted on defending Social Security and Medicare, has now capitulated to the austerity caucus. And the Republicans still refuse to take yes for an answer.

The Gang of Six's Raw Deal

By Robert Borosage
Campaign for America's Future

The backroom Senate gang of five or six (its membership changing over time) released a plan Tuesday that swept through Washington. It got the support and the opposition of all the right people (the President carefully called it “broadly consistent with the approach that I've urged;” Harry Reid called it “wonderful;” House Majority leader Eric Cantor scorned it as a tax hike).

But this isn’t a New Deal or a Fair Deal; it’s a Raw Deal – one that every citizen concerned about rebuilding the middle class should oppose. It would add to unemployment in the short term, increase Gilded Age inequality, leave seniors more vulnerable, and shackle any possibility of rebuilding America. It puts the burden of deficit reduction on the elderly, the poor and the vulnerable, endangers jobs and growth, and lards even more tax breaks on the rich.

Ignorance Index II: The Spending Cuts Myth

By Robert Borosage

Conservative Republicans hold as an article of faith that cutting government spending creates jobs, even in the midst of a recession. House Majority Leader Eric Cantor, the conservative zealot who has personally blown up the debt ceiling talks twice over the mere hint of closing tax loopholes, says, “All of our efforts are centered around jobs – starting with cutting spending and federal regulations – to grow the economy so that people can get back to work.”

But this is nonsense. There’s no economic theory that would suggest that in current conditions, cutting government spending would create jobs.

Despite the conservative mantra that “government doesn’t create jobs, the private sector creates jobs,” even Cantor and Republican conservatives admit, news flash, that cutting government spending will cut government jobs.

Boehner: Extortion Is My Game

By Robert Borosage
Campaign for America’s Future

“Give us trillions in cuts in Medicare and Medicaid or we blow up the economy."

Stripped of its politician's gloss, this is the message that House Speaker John Boehner delivered to Wall Street Monday in discussing the price Republicans demand for raising the debt ceiling.

Boehner portrays himself as a reluctant extortionist: "It's true that allowing America to default would be irresponsible." But he told the barons of Wall Street he has no choice. The Tea Party made him do it: "Washington's arrogance has triggered a political rebellion in our country. And it would be more irresponsible to raise the debt ceiling without simultaneously taking dramatic steps to reduce spending and reform the budget process."