Pelosi Outlines Revenue-Free Path Forward On Debt Limit Fight

[WI_DEM]

House Minority Leader Nancy Pelosi acknowledged Friday that Democrats may reluctantly accept a last-minute compromise to avoid a default that involves up to $2.5 trillion in spending cuts -- without agreed-upon new tax revenues -- if Medicare, Medicaid, and Social Security are protected from the debt limit brinksmanship.

<[br />The plan would place a firewall between entitlement spending and the threat of default, upsetting GOP plans to force deep, immediate cuts to those programs. And if, as a result, the GOP declined the offer, Democrats would agree to punt the questions of entitlement spending and tax revenues to a future, streamlined legislative process.


http://tpmdc.talkingpointsmemo.com/2011/07/pelosi-outlines-revenue-free-path-forward-on-debt-limit-fight.php

[Ship of Fools]

1. Would this be sort of OK, as long as the Bush tax cuts are allowed to expire?

It seems to me that Obama got us to this point by putting "everything on the table," dammit all. However, sometimes I need help determining whether to feel pissed or pleased. I'm ever so emotionally exhausted and confused!!!!!!!!!!!!!

[udbcrzy2]

2. Deja Vu ?

This sort of reminds me of the Millionaires tax deal and unemployment deal, AND the healthcare bill...