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View Diary: Why is Raising Medicare Eligibility to Age 67 a Bad Idea? Here's Why. (196 comments)

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  •  i've quoted it a few times (14+ / 0-)

    because i think andrew leonard nailed it:

    The realpolitik of the situation is that in this game of debt ceiling poker, the Republican bluff has yet to be called. Time is getting tight, but we're still a ways from a crisis. And not only is the bond market not yet freaking out, but GOP hardliners also have no reason to believe that Obama will play his hand to the limit. So why should they compromise? Obama is very likely to decide that it would be the height of folly to risk "the full faith and credit" of the United States in a showdown over the debt ceiling. He has huge economic incentives to make a deal. Meanwhile, the longer House Republicans can successfully pretend that they are willing to go over the debt limit precipice, the better the ransom they can extort.

    That may change if enough political heat is generated. And if we want to be optimistic, maybe it's possible that the events of the past few days could start focusing the nation's attention on exactly who it is in Washington that is behaving most irresponsibly. Much as it made progressives nervous, Obama's offer to put big cuts in Social Security and Medicare on the table did expose how shallow House Republican allegiance is to making a meaningful difference in the budget deficit.

    But it's going to take more than rhetorical gestures and "grand bargain" offers to get House Republicans to crack. Ultimately, the only way I can see for Obama to win this battle is to go over the precipice himself.


    The cold passion for truth hunts in no pack. -Robinson Jeffers

    by Laurence Lewis on Mon Jul 11, 2011 at 09:15:57 PM PDT

    [ Parent ]

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