The Next Debt Ceiling Deal In 2012/2013 Will Likely Be Much Worse

[Better Believe It]

The Next Debt Ceiling Deal Will Likely Be Much Worse
By Jon Walker
August 3, 2011

There should be no doubt that one of the most dangerous aspects of this current debt ceiling deal, is that it set a precedent for Republicans turning every future debt ceiling increase in the future into another hostage situation to force spending cuts.

Another debt ceiling vote will take place in late 2012 or early 2013. Assuming President Obama is re-elected and Republicans hold at least one chamber of Congress or even a large minority in the Senate, we are being told very clearly will we have this same basic fight again. Yet this next time it should end much worse for liberals.

When the Republicans took the debt ceiling hostage this time they were in risky uncharted waters. They didn’t know what Obama’s bottom line would be. They didn’t know if he would fold on new revenue. They didn’t know if Obama would be willing to use some innovative solution like the 14th amendment or a trillion dollar coin. The Republicans took a politic risk not knowing if their stance would make them look incredibly unreasonable causing their poll numbers to crash and Obama’s and Democrats’ poll numbers to rise sharply. They didn’t know if the media would turn on them in this fight.

This next time the Republicans will go into the fight much better informed and far more confident that this tactic will work against Obama. They now know Obama won’t use an innovative work-around and that he will accept an all-cuts package if the GOP holds firm.

Read the full article at:

http://fdlaction.firedoglake.com/2011/08/03/the-next-debt-ceiling-deal-will-likely-be-much-worse/

[Poll_Blind]

1. Recced to 0! I guess someone thinks the Repukes will be eating out of his hand next time.

:rofl:

PB

[ClarkUSA]

2. I'M OUTRAGED!! TWO YEARS IN ADVANCE!!! It's never too early to shit-stir and speculate!!

:sarcasm:

[Poll_Blind]

4. You're rigth, ClarkUSA- we should give the Repukes the benefit of the doubt!

:rofl:

PB

[ClarkUSA]

5. No, I'll instead pretend I know exactly what's going to happen 2 years from now!!

[Firebrand Gary]

3. What happens if the deficit starts to come down and...

by miracle unemployment starts to fall?

[dhill926]

7. you'll be ducking pigs..........

[Better Believe It]

8. Such a miracle would turn me into a god fearing christian!

[alcibiades_mystery]

6. They're gonna etch that on your tombstone, BBI

"X WILL LIKELY BE MUCH WORSE"

[tularetom]

9. By 2012 or 2013 we will be in a full fledged depression

With 20-25% unemployment and the Dow hovering around 5000.

At that point we will have to tax the rich because nobody else will have any money.

The problem will be solved only when the very wealthy begin to fear the rest of us. And I have a feeling that day is not too far off.

[truedelphi]

10. Let's get control of the jargon - this is not a

"Debt Ceiling" - this is Humanicide.

It will get you and yours if:

1) you are out of work now, or out of work by January 2013

2: you are trying to pay your own health insurance, but find it impossible right now

3: you are over 55 years of age, or you are ill or disabled

4: you are facing a bankruptcy of any type

5: you need to send kids to college, and you are not an executive making over 100K

6: you are trying to go to college

7: you would like to change jobs


If you know and care about anyone in the above situations.