The Washington Post headline reads" "CBO: Reid plan saves more than Boehner’s". Now the democrats are actually ahead of the republicans in using cuts in what they call discretionary spending as the only means to limit the deficit. Discretionary spending means the social safety net, social security, medicaid, medicare. Chuck Schumer, the "progressive" senator from New York, spoke today about the democratic plan which raises the debt ceiling through 2012 with no increased revenue.
Schumer went on to say that it is a matter of getting the leadership to agree on a plan. This means he believes no democratic representatives or senators will object.
Everyone who is not independently wealthy is being thrown under the bus. It is no longer a debate about shared sacrifice. There will be no sharing. It is only a debate about which financial tsunami will wash over us, the U.S default or the rollback of all social programs since the New Deal. Guess which.
Melvyn Polatchek
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