Until Obama declares the debt ceiling unconstitutional, the GOP can go right back to putting a gun to
the economy's head.
Come 2013, Obama will need to raise the debt limit and pursue other goals such as raising $600 billion in further revenues by limiting tax deductions for people with high incomes, extending unemployment benefits, averting a pay cut for physicians who treat Medicare patients, and avoiding indiscriminate federal spending cuts.
Right now, the expiring Bush tax cuts constitute his critical leverage. Take that away and suddenly Republicans are in control, better positioned to press their policy demands vis-a-vis taxes and entitlement spending.
1 comment:
I believe it's about time Obama invoked the "Fuck ya'll motherfuckers" clause of the Constitution.
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