Tuesday, August 9, 2011

Doubling Down On Disaster

Yeah, the House GOP ignoring the whole "S&P thinks Republicans contributed to the downgrade by blocking any revenue increases" and vowing to continue to destroy the economy was about the safest bet you could make this week. Eric Cantor:

In a Monday memo to the House GOP caucus, he candidly acknowledged that S&P faulted the party's unyielding stance on tax revenues for the downgrade. But he encourages members not to erase this bright line.

"Over the next several months, there will be tremendous pressure on Congress to prove that S&P's analysis of the inability of the political parties to bridge our differences is wrong," Cantor wrote. " In short, there will be pressure to compromise on tax increases. We will be told that there is no other way forward. I respectfully disagree.... I firmly believe we can find bipartisan agreement on savings from mandatory programs that can be agreed to without tax increases. I believe this is what we must demand from the Joint Committee as it begins its work."

And by "mandatory programs" he means Social Security and Medicare cuts, period.  GOP is going to be running on that into 2012 and they're confident they are going to win, through Democratic malfeasance and/or Village indifference.

Perhaps it's time for Democrats to start pointing this out, yes?

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