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View Diary: The debt ceiling dance and the trillion dollar coin (218 comments)

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  •  No tax hike risk (5+ / 0-)

    That's because there's no risk of the wealthy being asked to pay more when they're in power.  Once this even becomes a remote possibility, everything goes into preventing it.  I'm convinced it's the primary reason the tea party was created.  That and the President's race.

    •  race (2+ / 0-)
      Recommended by:
      ratcityreprobate, wishingwell

      Sadly, racism probably trumps tax aversion.

      Apres Bush, le deluge.

      by melvynny on Sun Jul 31, 2011 at 08:41:58 AM PDT

      [ Parent ]

      •  the Trillion Dollar Coin Is Not Even (2+ / 0-)
        Recommended by:
        Calgacus, Mr Robert

        A Compelling Fantasy!

        A simple fantasy would be that Obama didn't WANT to cut Medicare, Medicaid and Social Security.

        In that case he would simply have fought the Republicans, starting in 2009. He would have demanded a much larger stimulus -- one that would do the job. The economy would be in much better shape so benefit cuts would never arise as an issue.

        If he simply refused to extend the Bush tax cuts then the budget would be a long way towards balance.

        As for the current debt hostage negotiation, it would never have happened, because Obama would have announced in the State of the Union that he would absolutely veto ANY attempt to hold the full faith and credit hostage to Republican efforts to repeal Social Security and Medicare.

        And every Republican argument in favor of "balancing the budget" would be met with a demand for a tax increase on the rich and a denunciation of Republicans for attempting to "cut your Social Security."

        That would be a debate that Republicans could NEVER hope to win. Bush TRIED back in 2005 remember? Fresh off his victory in the 2004 election he decided to use his "mandate" to replace SS with vouchers.

        And it tanked utterly, and set the stage for a blank repudiation of Republican rule in Washington in 2006 & 2008.

        BUT Obama never WANTED to win. He wanted his "Grand Bargain" at our expense. He's the worst traitor since Benedict Arnold!

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