My senator,
Mitch "Turtle Boy" McConnell, takes to Yahoo News today in an op-ed designed to...I think, at least...assure the American people that they're going to suffer nasty spending cuts pretty soon, so they might as well get used to the pain of austerity, declaring another hostage situation on the debt ceiling is imminent.
Yeah, that's what I said when I read it, too.
Predictably, the President is
already claiming that his tax hike on the “rich” isn’t enough. I have
news for him: the moment that he and virtually every elected Democrat in
Washington
signed off on the terms of the current arrangement, it was the last
word on taxes. That debate is over. Now the conversation turns to
cutting spending on the government programs that are the real source of
the nation’s fiscal imbalance. And the upcoming debate on the debt limit
is the perfect time to have that discussion.
We simply cannot increase the
nation’s borrowing limit without committing to long overdue reforms to
spending programs that are the very cause of our debt.
The only way to achieve the
balance the President claims to want is by cutting spending. As he
himself has admitted, no amount of tax hikes or revenue could possibly
keep up with the amount of money Washington is projected to spend in the
coming years. At some point, high taxes become such a drag on the
economy that the revenue stalls.
While most Washington Democrats
may want to deny it, the truth is, the only thing we can do to solve the
nation’s fiscal problem is to tackle government spending head on — and
particularly, spending on health care programs, which appear to take off
like a fighter jet on every chart available that details current trends
in federal spending.
The President may not want to have a fight about government spending
over the next few months, but it’s the fight he is going to have,
because it’s a debate the country needs. For the sake of our future, the
President must show up to this debate early and convince his party to
do something that neither he nor they have been willing to do until now.
Over the next two months they need to deliver the same kind of
bipartisan resolution to the spending problem we have now achieved on
revenue — before the 11th hour.
In other words, Mitch is all but promising massive Social Security, Medicare, and Medicaid cuts, and once again is threatening no new revenue. Should be just about as effective as the last time the GOP tried this, leading directly to the spanking they got at the polls in November. It's a pretty clear signal that Republicans expect to cut trillions from these programs and get away with it.
They've got another thing coming.