Thu Dec 20, 2012, 01:57 AM
cliffordu (30,992 posts)
So: For those of you who want to go off the Cliff.
You first have to get on the Cliff.
I'm tanned, rested and ready.
15 replies, 1569 views
So: For those of you who want to go off the Cliff. (Original post)
|Ganja Ninja||Dec 2012||#12|
Response to msongs (Reply #2)
Thu Dec 20, 2012, 02:25 PM
Ganja Ninja (15,953 posts)
12. More like it's Democrat$ being bought.
I don't buy the excuse that these clowns are giving in because of framing or fear of some contrived negative public backlash. That's just not believable.
Response to cliffordu (Original post)
Thu Dec 20, 2012, 04:19 AM
Prometheus_unbound (57 posts)
Whether we hit the cliff or not, the debt ceiling will still have to be raised. Conceding now will not stop Republicans from asking more later. Holding the nation hostage on the debt ceiling was not a 2011 exception, they have already done the same in 1995 and 1996. Everything makes you think that they want to turn this into a regular occurrence. This game has to end before it starts, and looking weak now is not a good way to do it.
Secondly, from January two the Democratic position will be stronger. In essence, Jan 2 the Bush cuts (for everybody) expire, and so does the extension to long term unemployment benefits. This would reduce the deficit too fast and hurt the economy - after it kicks in, which is in the following several months. The REAL deal then would be to exchange the continuation of long term unemployment subsidies with keeping partial tax reductions for the lower incomes.
This would be a compromise worth fighting for. It would be just, and it would be good for the economy (or at least, not so bad for the economy). But the President is not fighting for this. The current proposals center around trading cuts in social security (call it what you like, using chained cpi is a cut) in exchange for keeping the tax cuts and reducing itemized deductions, that is to say closing loopholes, except Republicans didn't say which loopholes.
If I wanted that, I would have voted Romney.