RangerDave wrote:
How so? S&P explicitly stated that it was a big part of their decision, as were the Republicans' refusal to consider revenue increases and the failure of both parties to agree on entitlement reform (though I'll note that the Dems put entitlement reform on the table and the Reps still walked away).
What's this "on the table"? Which "Dems" proposed this bill? Is this referring to the notion that Obama "talked" about it before poisoning the deal with a last minute 50% hike in "revenue"? Failure of "both parties" to agree on entitlement reform? I only know of one plan that deals with entitlement reform. It passed the House. Why didn't the D's in the Senate choose to debate the merits rather than go with the predictable scare tactics of pushing grandma off the cliff? Why haven't the D's presented their own plan as a means of at least having something to start with? It couldn't be because they are afraid of what will happen to their electorate? Is that the same reason there was no budget passed (or even proposed AFAIK) by the D controlled House and super-majority of D's in the Senate?
RangerDave wrote:
Like it or not, this was an entirely predictable (and, indeed, widely predicted) result of the Republicans' decision to launch a scorched earth campaign over the debt ceiling.
Scorched earth? Oh, you mean like presenting multiple bills, you know the ones that actually passed the House? You know the one's in writing?
RangerDave wrote:
However, if you just mean that S&P's analysis is b.s., I don't really disagree. S&P is right that the Reps' political strategy has put default on the table in a way it never was before...
It is unreal that people still talk about "default" when everyone knows there was zero chance of it actually happening even without an increase in the debt ceiling.
I can't tell you how freaking amazingly happy I am the the idea that the Gov't can get another line of credit without so much as a word about trying to curb our of control spending is now dead.
RangerDave wrote:
Dash wrote:
While I think the dems make a good point about bashing S&P for downgrading the US while keeping those toxic mortgage bonds AAA, they're full of it when it comes to saying they offered this or that and Republicans walked away. Nothing of any great substance was ever offered and we still dont have a budget from the administration. The debate was over how much MORE debt to incur, not how to reduce the debt.
I really don't see how you can think this, Dash. Obama put a $4 trillion deficit reduction plan on the table, with a 3-1 cuts-to-revenues ratio that included entitlement reforms like raising the eligibility age for SS & Medicare, changing the cost-of-living index, cutting Medicare/Medicaid spending, etc., with the revenues coming mostly from reforming deductions rather than increasing rates. That's already a conservative-leaning plan (basically the same basic structure suggested by the Gang of Six and by Simpson-Bowles), and it was his
opening offer. Imagine how much more conservative-friendly it would have become if Reps had agreed to work within that framework and negotiate the details. How is that not "of any great substance"?
Or, if Obama had actually meant to present that plan to the Senate D's...
Or, if Obama hadn't intentionally poisoned it by leaving a message for Boehner (
after the two of them had "agreed in principle") saying he needed to increase the taxation portion by $500 billion (50%)...
Or, if, since it was his "opening offer" there had been, I don't know, a second offer...
Or, if Obama had actually been willing to commit anything to
writing...
It's not of "great substance" if it's not in writing, not approved by the D's, and not in good faith.
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"Dress cops up as soldiers, give them military equipment, train them in military tactics, tell them they’re fighting a ‘war,’ and the consequences are predictable." —Radley Balko