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As the debt ceiling - deficit deal comes to a head, consider one element: Timing

Back in the early 90's my mother was in her 'guru' phase of life. She read books and attended seminars by Leo Bradshaw, and the like, trying to change her life. One day she said one of her financial "advisers" was convinced the economy would crash in 2008. That was in 1992 or 93. 2008, such an odd year, I thought.
Damn if I can't remember the name of that prescient person.

Recently, the Mayan calendar has come under some derision because the calendar ends with the winter solstice of December 2012. [And last year we learned the Mayans hate John Cusack.] Of course the pagans from central America can't predict the end; that's the prerogative of the "faithful".

Which brings us to the Tea Party in the House.

As currently devised, the debt ceiling will be raised so that another vote won't take place until after the November '12 elections.

A vote to increase the debt ceiling will come in a lame duck session of Congress in December. Here's what will happen:

Tea Party members of Congress are intractable and unreasonable today. Imagine their disposition if they lose in the 2012 elections. One last grand gesture of suicide before they depart the House will be to refuse to vote 'aye' again. Oh, what a fun Christmas it will be.

Or, the Tea Party hold their seats (or wins more). Having their craziness validated this week, they will have no incentive to play along again.

Also up for expiration (thus extension) in December 2012 are the Bush Tax Cuts. Again. Tea Party'ers will hold those tax rates hostage -again- to get what they want: Make these rates permanent, or no debt ceiling vote. But they might vote against the ceiling anyway.

The debt ceiling must be raised through the 2012 elections into the spring of 2013 to eliminate one possibility. If the Tea Party loses, at least that chip is gone.
If the Party wins, and Obama is reelected, the debt ceiling vote must come first. Yes to the ceiling, veto the extension.

But fear not --

If Obama loses, the Tea Party will still do it.

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Comment Preferences

  •  Tip Jar (1+ / 1-)
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    •  HR'd because (1+ / 0-)
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      This is bigoted against the Maya people, who many people don't realize still exist. The interpretation of the ancient Mayan calendar as the end of the world (or similar) occurring in Dec 2012 is not accurate according to Scholars. It's a story made up, mostly by Americans,   to sell books and movies.

      I know you intended this as snark. But there are indigenous people throughout Mexico and Central  America who are Mayan.  They have family here in the USA too.

      So it reads as incredibly ignorant and racist.

      I assume the former. But it shouldn't be here as it is written, especially with that title.

      © grover

      The library is a wonderful place with books to read and you can listen to records like "The Air is Alive with the Sound of Music." -- grover, the furry blue taxi driver

      by grover on Mon Aug 01, 2011 at 10:15:36 AM PDT

      [ Parent ]

  •  they will hold their seats as the main 25 (0+ / 0-)

    crazies come from solid red districts; as far as their fellow travelers some of them may be vulnerable, but who cares?  PT Barnum's dictum still works for picking up 50 or so suckers to support your craziness.
    They will survive and like termites in the woodwork they will continue to try to trigger another constitutional convention.  Hopefully, the wardens will not hand the keys to the inmates again  

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