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View Diary: WSJ warns John Boehner on debt limit: 'You can't take a hostage you aren't prepared to shoot' (101 comments)

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  •  Actually, I think a shut down is probably their (0+ / 0-)

    best strategy.

    1. It's early in this Congressional session, so many voters will have largely forgotten the details by 2014.

    2. They are about as low in public opinion as they can go, anyway..

    3. It would fire up their base

    4. If presented right, they could make it a "stand on principles" type of action - if they could get someone better than Boehner or Ryan as spokesperson

    Eventually, Dems are going to have to deal with spending.. ignoring it will only work for so long.  You cannot go year after year spending $1.2 Trillion of borrowed money for the basic necessities of running a country.

    Obama was foolish settling for a mere $60 Billion in new revenues last week.  It's not enough, but the GOP gave him what he asked for.. tax the wealthy.  Now he has to come back to the American public with hat in hand and say "Well, that wasn't anywhere near enough".

    I personally think public sentiment will turn in favor of spending cuts this cycle.

    •  That's cold, hard headed clear minded reasoning. (2+ / 0-)
      Recommended by:
      Bon Temps, splintersawry

      The kind in short supply around here.

      Of course $600 billion in revenue was foolish which is why the GOP is now turning his tax bill on him and saying "Well..you got your tax increase...now you want MORE!" That's when conservadems start getting jittery and splitting off.

      The public wont turn in favor of entitlement cuts though. They're just going to wonder why did Obama pass a $4 trillion tax cut in the first place if it meant cuts to Social Security and Medicare.

    •  The way to deal (0+ / 0-)

      with the deficit is to raise revenues, which are a fraction of what they ought to be, and a fraction of what they would be if tax rates from most of the 20th century were still in place.

      The Republicans spent a couple of decades deriding Democrats as "Tax and Spend" Democrats.  But at least the Democrats raised revenue for what they spent.  What the Republicans should have been called were the "Cut Taxes, But Spend Anyway" party.  They cut revenues, but increased spending like a drunken sailor on shore leave.

      •  Start with the dividend tax. (0+ / 0-)

        Why should dividends be taxed at 20% and my earned income be taxed at 39.6%?  For that matter interest is taxed at 39.6%.

        I could go along with 39.6% - CPI * the principle.  As inflation caused gains shouldn't be taxed.

        But maybe not.  

        The highest form of spiritual practice is self observation with compassion.

        by NCJim on Fri Jan 04, 2013 at 12:57:00 PM PST

        [ Parent ]

      •  And a fraction of what they will be (0+ / 0-)

        if/when the economy recovers. There's been a lot less income to be taxed lately.

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