Paul Krugman | Why Are Democratic Centrists Spouting Right-Wing Propaganda? – The New York Times

Opinion Columnist

“Everyone who paid attention during the Obama years knew that Republicans would also try to undermine Democratic presidencies. Some of the G.O.P.’s actions — notably, the efforts of governors like Ron DeSantis and Greg Abbott to prevent an effective response to a deadly pandemic — have shocked even the cynics. Still, a Republican attempt to make President Biden fail, no matter how much it hurt the rest of the country, was predictable.

More surprising, at least to me, has been the self-destructive behavior of Democratic centrists — a term I prefer to “moderates,” because it’s hard to see what’s moderate about demanding that Biden abandon highly popular policies like taxing corporations and reducing drug prices. At this point it seems all too possible that a handful of recalcitrant Democrats will blow up the whole Biden agenda — and yes, it’s the centrists who are throwing a tantrum, while the party’s progressives are acting like adults.

So what’s motivating the sabotage squad? Part of the answer, I’d argue, is that they have internalized decades of right-wing economic propaganda, that their gut reaction to any proposal to improve Americans’ lives is that it must be unworkable and unaffordable.

Of course, this isn’t the whole story. We certainly shouldn’t underrate the influence of money: Both wealthy donors and Big Pharma have been nakedly throwing their weight around. Nor should we discount the importance of simple innumeracy: $3.5 trillion sounds like a lot of money, and you shouldn’t assume politicians understand (or think constituents understand) that this is proposed spending over the course of a decade, not a single year. It would amount to little more than 1 percent of gross domestic product over that period and would still leave overall government spending far below its level in other wealthy democracies. It also ignores the fact that the true cost, after net savings and new revenue, would be much less than $3.5 trillion.”

David Lindsay: In other words, this big package is only $350 billion per year, for ten years, and is easily affordable, and focus on real needs, mitigating climate change and income inequality, while helping grow the economy. Just improving tax collections could pay for it.