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View Diary: FAIL! There Will Be Austerity Kabuki Every 3 Months (146 comments)

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  •  each time Congress meets to tackle the "crisis" (5+ / 0-)

    Obama proposes to cut SS/Medicare. He's beaten back by Republican intransigence on tax increases and the reluctance of Democratic congresspeople who are getting tons of angry phone calls from their constituents.

    But each time he fails, he ends up giving away a little bit of Democratic leverage over the GOP, a few bargaining chips.

    Well, they're guaranteed to keep meeting, every few months. And there's a finite supply of bargaining chips. So eventually the Democrats will run out of chips, except for SS/Medicare.

    Then Obama will put SS/Medicare on the table once again. At that point the GOP will "reluctantly" agree to a Grand Bargain, since they won't be asked to raise taxes. And Democrats will be too worn down to resist.

    And Obama will parade proudly around, crowing publicly about his awesome Grand Bargain and putting all his political capital to ram it through the Democratic caucus, and making sure everyone knows that the Democrats own it, that they're all about cutting the safety net.

    I figure this will be in plenty of time for the GOP to run a freshly rebranded crop of neo-teabaggers in 2014, using the cuts to SS/Medicare as their key campaign issue against the Dems.

    2014 will be a lot uglier than 2010 was. A lot uglier.

    "In America, the law is king." --Thomas Paine

    by limpidglass on Wed Jan 23, 2013 at 05:19:14 PM PST

    [ Parent ]

    •  It makes no sense, though (1+ / 0-)
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      angel d

      He no longer owes anyone anything and is smart enough to know that his legacy will be judged much more on the extent to which he fulfilled his second inaugural rhetoric than on that whole Grand Bargain horseshit. So what's the point? He can't possibly believe that austerity makes economic sense.

      He befuddles me.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Wed Jan 23, 2013 at 05:49:03 PM PST

      [ Parent ]

      •  I think he believes it wholeheartedly (0+ / 0-)

        which is why he's been pursuing it so doggedly.  And I have concluded that the rest of the Democratic Party electeds agree.

        Shirley Chisholm was right. Our Republic is in deep trouble.

        by Big River Bandido on Thu Jan 24, 2013 at 07:00:25 AM PST

        [ Parent ]

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