I realize I haven’t been around all that much, but life and OFA have been a distraction and keeping me busy. I’ve dropped in Kos more than a bit, but dropping in and out there is easier than here. Here, I actually have to spend sometime and give some thought to what writers are saying in their posts. Speaks well of Moosers.
OK onto the subject at hand. THE DEBT CEILING!!!!!! The world coming to end as we know it. Either because we actually default because the Republicans have painted themselves so far into a corner on tax increases that they no longer can escape. Or that “A Grand Bargain” is reached, but in that bargain Obama does the unthinkable and touches the third rail of Medicare and Social Security.
And so it begins the right the Tea Party base is in full rage mode over taxes. The left is full rage mode over entitlements. We have been here before. I’ll leave the Tea Party loons out the rest of this diary
The left is sure, nay convinced once again Obama is caving, giving away the farm instead of hanging tough and telling the Republicans to shove it! Once again the left is insisting that Obama is Republican lite. Sigh. How many times do we need to go down this road before people get a clue.
I seem to recall that during the budget talks to keep the government from shutting down last spring the same screams, moans and gnashing of teeth were heard. The same calls of progressive traitor and the same mantra of he caved, he caved. And then the numbers came out and people started to take a hard look at the hard numbers. And what do we find out? The Republicans got no where close to what they wanted and Obama got pretty much what he said he always wanted.
Now this time things are a bit different, the stakes a bit higher and the Republicans maybe a bit wiser – doubtful – but maybe.
There is a majority of Republicans in The House who have declared fealty to Norquist’s no tax pledge. Eric Cantor is their leader not John Boehner. And will not sign onto any deal that includes tax hikes no matter how they are achieved. The net result of this? Boehner needs Democrats to pass a deal in The House and a lot of them.
Now onto the Democrats. They have declared they will not sign onto a deal that does not include revenue increases, tax increases or touches Social Security or Medicare in a way that hurt beneficiaries. Nor will they come riding to John’s rescue unless he delivers a good chunk of Republicans who will vote yes to give the Dems some political cover and force the The Republicans to own tax increases thus breaking their pledges to The Tea Party and Norquist crowd.
So now onto President Obama and the negotiations and his supposed caving, selling out his base and the ideals of Medicare, Medicaid and Social Security. Really?
Ponder this dear reader. Do you suppose that Obama is aware of all of the above. That he knows full well that the House will not pass tax increases and the Dems won’t vote for anything that doesn’t include them and hurts entitlement beneficiaries. Result there will be no “grand bargain.”
In the meantime Obama will get to honestly say he bent over backwards was willing to enrage his base, risk his re-election by slaughtering the Democratic sacred cow of entitlements to stave off economic disaster. The Republicans not so much.
Who looks bad in this scenario with the Independent voter and moderate Democrats. Who has to start back peddling furiously to save themselves from themselves?
However, by this time we are rapidly running out of time. Default is looming, the clock is ticking. So what happens?
The Republican leadership starts to panic. Their monied based is pounding their phones and sending lobbyist to Hill to berate them on how the fire is about to get out of control. They fear Obama will pull the trigger on the 14th Amendment option of just ignoring them. He won’t, but they are starting to get nervous about it or why would Republicans in The Senate be trying to introduce a bill to take the option off the table? So in the end the Republicans are left with few choices, but to pass a clean debt ceiling bill or something that get’s them little of what they want.
Now could I be so far wrong as this diary should be read as a snark? Absolutely! However I just might not be.
Peace, love and anybody up for a game of 11 dimensional chess?
Steve
UPDATE: Boehner this AM at Capital Hill briefing
“While some think we can go past August 2nd, I frankly think it puts us in an awful lot of jeopardy, and puts our economy in jeopardy, risking even more jobs,”
[snip]
“At the end of the day we’ve gotta have a bill that we can pass through the House,” Boehner said. “In all honesty I don’t think things have narrowed — I don’t think this problem has narrowed — at all in the last several days.”
http://tpmdc.talkingpointsmemo…
Are we beginning to see the beginnings of a back peddle? Is he starting to hint that they are so far apart still that they may just have to pass a clean bill with a guarantee that deficit reduction negotiations will continue? We shall see.
Update 2 Well it appears the hair on fire rumors about COLA changes to Social Security may not have been a fact.
Rep. Barney Frank says Minority Leader Pelosi reassured House Democrats that the COLA change (which amounts to escalating cuts to Social Security over time) floated in the press will not happen.
http://talkingpointsmemo.com/a…
Update 3
Well it seems Lawrence O’Donell has decided to steal my thinking.
http://www.msnbc.msn.com/id/21…
“What you are now witnessing is the most masterful rope-a-dope ever performed by a president against an opposition party in Congress. It began months ago… Joe Biden then lead negotiations with Senate Republicans about how to find a compromise position on the White House position of doing nothing but raising the debt ceiling and the Republicans position of cutting $4 trillion in spending while raising the debt ceiling. Biden and Senate Democrats then rope-a-doped the Republicans into weeks of discussions over trillions of dollars of spending cuts. And during that time, Democrats appeared to be increasingly willing to go along with trillions of dollars of spending cuts — possibly as much as three trillion. Then Biden and the President insisted that there be at least a trillion in tax revenue increases and Republican Eric Cantor fell for the Obama ultimatum and walked out of the talks doing exactly what the President wanted him to do because Cantor was thereby proving to the country once again that President Obama was willing to be much more flexible and reasonable in these negotiations and compromises with Republicans than Republicans were willing to be with the President. Specific policy issues aside, President Obama has already won the public contest of who appears to be more reasonable and he won that weeks ago.”
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