Posted by: Rick | Monday, July 25, 2011

The Democrats’ Final Offer

From AP:

After meeting at the White House on Sunday with President Obama and House Democratic Leader Nancy Pelosi, D-Calif., Senate Majority Leader Harry Reid said bipartisan talks on a solution had collapsed because Republicans were insisting on only extending the debt limit for a short period. He said he was crafting a $2.7 trillion package of spending cuts that would also push the government’s borrowing authority through next year, a timeline that Obama and top Democrats are demanding.

Reid, D-Nev., called Boehner’s forthcoming proposal “a nonstarter in the Senate and with the president.” In a written statement, he said that it “would not provide the certainty the markets are looking for and risks many of the same dire economic consequences that would be triggered by default itself.”

Republicans don’t care about the deficit. They’re the ones who blew it up in the first place! They just want to go through this debt ceiling drama a few more times before the next election. They think it will help Mitt Romney.

It’s time for the game of chicken to begin in earnest. President Obama has already persuaded voters that Republicans are impossible to deal with. He now needs to go on prime time television and blame the GOP for engineering a catastrophic default.

It will work. Republicans will back down. If they don’t, their party is finished.

And that’s all they care about.

UPDATE: Matthew Yglesias explains why Republicans won’t like Reid’s proposal, even though is satisfies their criteria of at least $2.4 trillion in cuts with no tax increases:

[Reid’s plan] doesn’t achieve either of their two real objectives. In particular, the plan doesn’t cut Medicare, which means that Democratic party candidates for office in November 2012 and 2014 can accurately remind voters of the content of the Republican budget plan. In case you forgot, this plan repeals Medicare. Having repealed Medicare, it then gives seniors vouchers to purchase more expensive private health insurance. And having replaced Medicare with a voucher system, it then ensures that the vouchers will grow steadily stingier over time. It was only after voting for this plan that Republicans seem to have realized that repealing Medicare is unpopular. Since that time, they’ve been trying to entrap Democrats into reaching some kind of Medicare détente with them, which would immunize them from criticism. Reid’s plan doesn’t do that.

Keep in mind: Republicans don’t care about deficits. Never have, never will. They care about dismantling entitlements so they can preserve and expand tax cuts for the rich.

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Responses

  1. Only an ignorant fool can justify blaming the group that passed a debt ceiling raise for letting a default happen.

    Maybe the party that voted down raising the debt ceiling and then taking some time off to go home should admit their lack of a clue on how to fix the problem. But I know, talking sense to the senseless is a waste of time.

  2. If that’s their final offer than they can go to Hell now instead of later. Holding Americans hostage so that they can get a blank check to hold them over until after the elections is a transparently partisan and frankly treasonous move on the part of the Dems.

  3. Sorry, guys. The “Republicans Are Intransigent” train has already left the station.

    If Obama makes his case, he’ll win. Of course, he may not have the guts.


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