The Blue Dogs' Boondoggle
By echoing Republican calls for austerity, conservative Democrats could derail the fragile recovery.
The Blue Dog Coalition -- a group of self-identified moderate Democrats in Congress -- has become the latest group trying to establish its bona fides as "serious" about reducing the deficit. Echoing Republican calls for austerity as we face the worse economic recession since the Great Depression, earlier this week the coalition released its own proposal to rein in "out-of-control" federal spending. But as with Republican blueprints that also call for drastic cuts to discretionary spending, the Blue Dog plan offers little hope of ensuring real economic stability.