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Given what the GOP has done in Obama's attempts to find a deal that he could accept and avoid the chance of a recession, and given that Boehner has basically pulled the plug on negotiations with his "Plan B" which the Senate and the President will not accept, I wonder what our best course of action is in January.
Let's remember that the general spending cuts in the sequester would be almost impossible to undo(state governments would also have to cut if we go over the cliff) and the AMT would go up and there isn't any easy way to fix that. Unemployment benefits would expire for over 2 million people, and that would be difficult to get back unless we make further concessions. Now the two things that will be front and center are taxes and the debt ceiling. Taxes are our leverage and the GOP believes that the debt ceiling is theirs. So, what would Daily Kos think about making sure that any tax cut is tied to a 2-year increase to the debt ceiling and the McConnell plan where the President gains the authority to raise the debt ceiling and Congress would have to get a supermajority to overturn that? The President is insistent that he won't play the Debt Ceiling game that we had to go through in the summer of 2011, and the Senate could pass a bill that cuts taxes for 98%(or more) of Americans AND raises the debt ceiling. The GOP gets no other alternative. The President could then have the backup plan of asking the Treasury to issue a few $1 Trillion dollar coins so that the United States doesn't default on the full faith and credit of our nation.