A Bold Stand from the Journal

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As a wise man once said, you could devote your entire life to debunking inane Wall Street Journal editorials once you let yourself get sucked into their gaping maw. But via Ezra Klein, today’s editorial is a gem, not pretending to even a germ of reason or sanity:

The White House is now floating a bipartisan commission to reduce federal borrowing, and much of the political class is all for it. We only hope Republicans aren’t foolish enough to fall down this trap door….Republicans should respond with their own choice: They’ll agree to a deficit commission only if it takes tax increases off the table….

Yeah, I’m sure Democrats will jump at that deal. And I can’t wait for the Journal’s detailed fiscal plan for cutting federal spending by 30% — especially since they simultaneously seem to think that Medicare should be cut and that it should be preserved as is. Should be a crowd pleaser.

In fairness, plenty of liberals agree with the Journal in a mirror image sort of way: a commission would be nothing but a facade for Pete Peterson to gut Social Security and Medicare and probably throw in a few tax cuts for the rich for good measure. It looks like bipartisanship has as bleak a future in 2010 as it did in 2009.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

The bottom line: Corporations and powerful people with deep pockets will never sustain the type of journalism Mother Jones exists to do. And advertising or profit-driven ownership groups will never make time-intensive, in-depth reporting viable.

That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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