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View Diary: Pray for Doomsday (124 comments)

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  •  This seems to me more and more likely (6+ / 0-)

    Frankly, it would give the Republicans the ability to say, "the President got exactly what he asked for  -- a vote to extend all middle class tax cuts, raising taxes on the rich, with us talking about spending cuts later."  The President will get his $800 billion in revenue over 10 years. The "later" will be the debt ceiling increase.  And then they will take same position that led to the Budget Control Act of 2011 with regard to the debt ceiling -- $1 of spending cuts for every $1 of debt ceiling increase.  The President then can no longer say that the sticking point is Republicans' refusal to raise taxes on the rich.  They will have done that.  

    This is not a good solution, of course, in that it doesn't address the other aspects of the fiscal cliff, like the sequestration cuts, the increase in payroll taxes, the extension of unemployment insurance, etc.  

    The other thing that has been getting traction in conservative circles, I think, is for Speaker Boehner to put forth the Simpson Bowles plan (the one that Simpson and Bowles endorsed but fell short of the number of votes needed), or (as they will phrase it) the plan from the President's debt commission, as their "offer" in response to the President's offer.  

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