Debt Ceiling Deal: The Devil is in the Details

By AmericanDreamer on Thu, 08/04/2011 - 11:49am |

Leo Soderman (about whom I know not a thing), posted at Edited for Clarity on August 1. Perhaps the most positive take I have seen so far on the debt deal.

URL:

http://www.editedforclarity.com/2011/08/01/debt-ceiling-deal-the-devil-is-in-the-details/

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Correct link should be (I'll go back and correct it but need a comment to do that):

http://www.editedforclarity.com/2011/08/01/debt-ceiling-deal-the-devil-is-in-the-details/

by AmericanDreamer on Thu, 08/04/2011 - 12:40pm

Excellent reading material ! Thanks for the link too! So the debt ceiling debate was a prelude to an even greater debate where the GOPer's are automatically on the loosing side. It will be interesting to watch, however, since they've tasted the bitter fruit of hostage taking and liked it, I'll be waiting to see who their next hostage will be.

by Beetlejuice on Thu, 08/04/2011 - 12:57pm

I doubt that this will play out as Soderman predicts, unfortunately.

Question: Who in Washington has the most to lose if the automatic cuts set in?

A president responsible for slashing Medicare and the military will have a tough time getting re-elected, so guess who's going to be most desperate to make a deal happen?

Since desperation is not an asset when it comes to brinkmanship negotiations--a talent that Obama has not shown much aptitude for in the first place--he may well get spanked much harder than he did the first time round.

by Michael Wolraich on Thu, 08/04/2011 - 2:12pm

What about the Democrats actually setting on the Committee, and the Democratic Caucuses in both the House and Senate. Don't they deserve some responsibility in ensuring the discourse and path of the negotiations aren't one-sided?

by Elusive Trope on Thu, 08/04/2011 - 2:41pm

"A president responsible for slashing Medicare and the military will have a tough time getting re-elected, so guess who's going to be most desperate to make a deal happen?"

Interesting take. So, you apparently don't think that the "Republicans would rather cut Medicare and gut our military than close loopholes for corporations and the wealthy" will have any traction in 2012?

by brewmn on Thu, 08/04/2011 - 3:00pm

The White House Blog has this up, from Jon Carson, "Myths and Facts About the Debt-Ceiling Compromise", August 4:

http://www.whitehouse.gov/blog/2011/08/04/myths-and-facts-about-debt-cei...

by AmericanDreamer on Sat, 08/06/2011 - 11:38pm

Thanks.

Personally, it makes me very nervous.

by Flavius on Sun, 08/07/2011 - 4:32am

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