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View Diary: 400 PEOPLE DEMONSTRATE, 20 TAKE ARREST DEMANDING SENATOR DURBIN RENOUNCE "GRAND BARGAIN". (25 comments)

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  •  What makes you think that the House Republicans (2+ / 0-)
    Recommended by:
    Roger Fox, johnny wurster

    will cave completely after January 1?  Especially since there's another debt ceiling vote coming up after the first of the year -- and that has to get past the House Republicans as well?  

    And is the $80 billion a year in additional revenue worth a recession and 9% unemployment (according to the CBO) that will start in December if it becomes clear a deal will not be reached? It's not like a recession just goes away if, for example, they miraculously reach a deal on January 31.  

    •  I think the House Republican Leadership (0+ / 0-)

      will be in crisis, should it be responsible for raising every Americans taxes. They will need to put together  a plan which is acceptable to Democrats . They will probably need Democratic votes to get it through the House. I trust that the Democrats will push for continuing the Clinton era tax rates on the top 2% and will also demand a resolution of the debt ceiling issue.

      The sequester is another issue which would need to be worked out along with the Medicare 'doc fix' and the AMT. That's a lot of shit hitting a lot of fans, but unlike  last spring, the Republicans are going to have large parts of their base, along with the financial community screaming at them to get shit done.

      Here's my take on it - the revolution will not be blogged, it has to be slogged. - Deoliver47

      by OIL GUY on Mon Nov 12, 2012 at 12:38:34 PM PST

      [ Parent ]

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