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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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  •  You are ignoring the obvious, Jed (3+ / 0-)
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    little lion, bobdevo, splintersawry

    In your zeal to find fault with any legislation Obama signs ever, you have omitted some crucial facts. This analysis from Leo Soderman points out what you refuse to, most salient being that the CBO assumes the Bush cuts expire. So BIG defense cuts will need to be enacted to cover any extension of the Bush cuts. Which is, of course, suicidal for Blue Dog & GOP defense dolla ho's. Either the Bush cuts die or the Pentagon cries. And since we know what America's biggest export is (hint: rhymes with "poor"), the Defense industry that supplies our lovely carnage will not stand to be put on a diet.  Which means it's likely they'll expire. It's Tea Party Loonies vs. Country Club Cronies, and my bet is on Old Money.

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