Reid Signals Defeat

At least that’s how I see the appointment of Max Baucus to the super committee. He’s probably the most conservative Democrat in the senate. In most states he’d pass easily as a Republican. So the overall committee will skew far to the right of center, making it all too likely (certain) that they’ll all go with the Republican plan to slash more spending, further destroy the middle class, and ensure the rich don’t pay a cent more in taxes.
There is still the possibility that they can let the Bush tax cuts expire, though what reason do we have to believe that they won’t cave on that again? Because they can’t just let the tax cuts on the rich expire; it’s all of a piece. They’d have to let the tax cuts on everyone expire (which would be fine; no one in the middle class even realized they’d gotten a tax cut, it was so little. I doubt they’d notice the little tax increase.) And like last time, Obama won’t do that, for whatever reason. So he’ll cave and extend the Bush cuts for everyone including the rich again. In his speech Monday about the only specific thing Obama suggested was extending the payroll tax cut for another year. That was a horrible Republican idea to begin with. It’s shameful that a Democratic president is laying this groundwork for the ultimate destruction of social security. What we should be doing, of course, is not cutting the social security tax deduction, but rather removing the cap, which would go an awful long way towards solving social security’s problems for the long term (or at least a far longer term than any of the other more immediate problems we have.

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About JP

We're two guys who met in college, in 1980. We've stayed in touch, and like to talk politics, current events, music and religion. JP is nore liberal than Sid, but not in every way. We figure that dialogue stimulates ideas, moderates perspective, and is in general friendly. These are things we need badly in these dangerous times. The blog name is taken from a song by Bruce Cockburn.
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