``While the Bowles-Simpson plan was embraced by some congressional liberals including Nancy Pelosi (and Obama issued subsequent deficit proposals Ezra Klein called "in almost every category, to the right of Simpson-Bowles"), it was panned by a battery of progressive pundits and economists. Paul Krugman called the plan "tax cuts for the wealthy, tax increases for the middle class," and charged that it was "basically saying that janitors should be forced to work longer because these days corporate lawyers live to a ripe old age." Dean Baker slammed the pair for "ignorance of basic economics" and "xenophobic fear-mongering" about China, writing that "the current deficit is a support for the economy, rather than a drain on the economy," and "the transfer of wealth to China depends entirely on our trade deficit, which is determined by the value of the dollar, not the budget deficit."''

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