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View Diary: Obama should veto any 'Gang of 12' plan that doesn't effectively repeal Bush high-income tax cuts (167 comments)

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  •  Yes, the debt limit was a must raise situation (2+ / 0-)
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    TAH from SLC, splintersawry

    and everyone, Rs included, knew that was the ultimate outcome. The rest was all kabuki--why did POTUS give any ground at all when he knew that the outcome was that the debt ceiling had to be raised--as did all of the players. digby was very well likely completely right all along, as usual.

    There are moments when the body is as numinous as words, days that are the good flesh continuing. -- Robert Hass

    by srkp23 on Tue Aug 09, 2011 at 09:43:53 AM PDT

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    •  Question. (1+ / 0-)
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      TAH from SLC

      What were the consequences if the debt limit wasn't raised?

      Careful here.  We could start a whole new thread in another diary comparing the projections of doom and gloom if it wasn't raised and what we are actually witnessing in the real world of the here and now.

      If you're ultimate claim is that confidence in government would've resulted apart from a run on Treasuries (never happens in a flight to security - gold and treasuries) then how do you explain the crisis in government post debt ceiling raise deal.


      by Aeolos on Tue Aug 09, 2011 at 09:52:17 AM PDT

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