"This is the kind of perverse policy outcome that’s the consequence of the GOP’s no-tax pledge. They could get a deal from the Obama administration that would cut Medicare and Social Security and all the other spending Republicans want to cut so long as they’d also raise taxes. And they wouldn’t even have to raise tax rates — they could just get rid of loopholes and tax breaks in the code. Instead, they’re threatening to cut the spending they care most deeply about using an unreliable mechanism that was designed to be so objectionable that they’d never let it become law.To which we can only say, "Go ahead. Make my day."
"But this is the corner they’ve backed themselves into. Having lost an election, and having tied themselves to a no-tax pledge, they’re so desperate for leverage, so desperate for a hostage they can actually shoot, that they’re willing to point the gun at their own head and threaten to pull the trigger." (our emphasis)
Sunday, January 27, 2013
The Rethugs' Next Hostage
Ezra Klein on the Rethuglican's threat to use the looming sequester cuts as leverage: