I can just hear Obama whine 2 years from now, when our debt is 20-22 TRILLION..
” Hey, this was agreed to by Democrats & Republicans alike! Don’t blame ME! “
(End of Republican Party regarding POTUS)
Well after he gets taxes to go up on ‘the rich’ then he wont have much of an argument on that anymore. Republicans can play thre O game and blame everything on those tax increases.
But unfortunately that will be too late to hurt O because he was already re-elected.
That is why he strategically (and got Pelosi, and some Senate Dems) caved on this exactly two years ago (Dec 2010) to the last congress, techically caved on tax cuts to the 2010 Senate minority filibuster. So he could run his re-election campaign on ‘the rich caused the deficits’, and it worked for him. (I saw this coming a mile away.)
The problem with such huge deficits is that if a R does take the WH in 2016/2017 then he will be trapped by the massive debt and will be advised that he must raise taxes.... well remember 1990 ???? You think Republicans are shooting each other now?
I think is why congressional Republicans are in a fret about it.