Tuesday, July 19, 2011

GOPers And Debt

The GOPers seem to be in hostage taking mode or in the position of dead hostages don't matter. Either position works for opposing Democrats. Now it does seem as though almost all economists are scared spitless of default and yet a good sized piece of the GOPers are stating publicly that it just doesn't matter. Another piece simply don't seem to be able to follow the numbers from the BushCo tax cuts sufficiently to have reason get into play.

The dead hostage bunch likes to make the case that the President has the ability to decide who gets paid, which is true. The problem is that a ten percent whack to the GDP will result in a serious crash no matter who gets paid what. They will tell their ignorant true believers that the crash happened because the President made the wrong (ie socialist) choices. They win with their nut-base no matter what when the crash comes.

The hostage takers are betting that the President and Democrats will blink (or more correctly swerve in the game of chicken). What they ignore at their peril is that Democrats would be committing electoral suicide to swerve. Not just some, but almost all of them, and the polls are real clear. They also manage to ignore that doing anything about the deficit without taking back some of the gifts to the plutocrats is impossible. Electorally the consequences to them depend on whether they can continue to successfully play their "job killing tax increases" mythology to their base and some "middle" voters in the face of what history says since BushCo did it.

It is my guess that the President and a bunch of Democratic legislators believe some sort of reason will seap into the ranks of the GOP. I see a complete lack of evidence of such a thing. Most of us have zero ability to do anything to prepare for the consequences of a failure of that optimism. It seems the results will be either a car crash involving a tree or a long fall off a cliff depending on default or cave in and the same 27%ers* will be cheering - despite what happens to them.

*Those who'd be crushed by drastic cuts will also continue to not vote - either from GOP disenfranchisement or apathy. The GOP** knows it and counts on it.

**So do the "Ben Nelsons" of the Democratic world.

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