Wednesday, July 13, 2011

The debt ceiling impasse - will the GOPer crazies go along with McConnell's handing off to Obama?

Is the GOP's Senate leader capitulating on the debt ceiling, salvaging nothing out of the negotiatons but some weak version of "face"?  Explanations and analysis of Mitch McConnell's somewhat arcane proposal to take an elaborate dive - while wagging a finger at the President - from Talking Points Memo HERE and Ezra "Wonkbook" Klein HERE.  If this thing flies, it looks like President Obama's game of high-stakes chicken with his adversaries has succeeded. Or not, in the less sanquine view of Salon's Andrew Leonard, HERE. We'll see how this scheme plays out very soon.
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  1. JamieJuly 14, 2011 at 2:45 AM

    My 2 cents:
    The Dem's didn't win this argument in any real sense, they lost it on day one. An 18/92% split on revenue/cuts is essentailly surrender, But Obama is going to appear like the winner because the GOP don't want to win the policy debate, they just wanted to be seen on TV disagreeing with Obama. McConell's "plan" is a surreal example of this point. Rather than make trillions of dollar's of cuts to the budget he would abdicate financial responsibility tot he executive. What does he think his job is? The GOP is so hung up on theatrics that they have zero interest in governance. They just want the next soundbite, even if it means giving up actual policy goals.

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