The GOP intends to use the debt ceiling negotiations as leverage to force cuts in the Federal budget. Actually, cutting the budget is an idea that has merit, its long overdue. But the Republicans don’t really have a plan of where to cut, or how much. No matter how much they say they won’t, its inevitable that there’s only one place where meaningful cuts in spending can occur–Social Security and Medicare.
I say fine. Let them have their cuts, BUT only if they match those cuts, penny for penny, with increases in corporate taxes. They can afford it. The economy is booming and the stock market is going through the roof. Surely, whatever pain is caused by cutting medical care and throwing old age pensioners off the bus can be mitigated by having the propertied class split the cost with the average taxpayer for a change. Like I said, they can afford it.
And if they refuse (which they will) then make sure the news is spread far and wide that the Dems were ready to deal, but that the Reps refused to chip in 50-50. If they time it just right, they can have a big fight in congress that will result in a vote just before the 2024 election. Lets see which side the American people will believe. Or anyway, what the old folks who depend on Medicare and Social Security will believe. And old folks vote.
Losing the faith and credit of the American Government will be a small price to pay to send these Scrooges straight to hell where they belong. And if they call the Libs’ bluff and sign on to the deal, that they’ll be willing to share in the real pain of “fiscal responsibility”, then maybe we can start taking them seriously for once and finally work together to get this country back on track.
But you know what will happen if the GOP gets the spending cuts they want for free: They’ll immediately ram another tax cut through Congress. Reagan did it, Bush I tried not to do it and his own party sabotaged him, Bush II did it, and Trump did it. You know if they get in the White House again they’ll do it once again, and we’ll be right back where we started.
“Deficits don’t matter.”