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View Diary: Harry Reid and Nancy Pelosi would back President Obama if he defies GOP on debt ceiling (210 comments)

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  •  Hah! Maybe this was why President Obama was so (5+ / 0-)
    Recommended by:
    bear83, msmacgyver, Noor B, markthshark, Lujane

    adamant on New Years Eve when he defiantly and even to seemed to flash anger when he reminded the House Republicans that he will not negotiate over debt they have already authorized!

    This makes sense finally.  I asked several places here, "What does this mean?" How can he say he is not going to negotiate? What is the other option?

    But, this could be the secret ace up his sleeve causing him not to be as concerned about "loss of leverage" as many of us were at the time.

    He may already have this in mind, and know he is prepared to stand off the house and win on debt ceiling, knowing that the GOP will want to negotiate to make the sequestration cuts less onerous  - especially to the military.

    With control of the Senate the House does not appear to be able to pass an alternative budget so is it true that means there only option there is to pass a continuing budget resolution?

    If so the President would seen to hold a vastly stronger hand than I imagined.  And, is may be ready to play hardball.

    Which is great because the alternative of conceding at tax revenues at 18% of GDP would be a disaster.

    But, if we have the option of financing the current 5% of GDP gap with unilaterally debt extension we do in fact have negotiating leverage.

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Fri Jan 04, 2013 at 06:17:59 PM PST

    [ Parent ]

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