The bottom line of the revisionist spin is this: that 2011 is no 1995. Should the unthinkable occur on some coming budget D-Day — or perhaps when the deadline to raise the federal debt ceiling arrives this spring — the G.O.P. is cocksure that it can pin the debacle on the Democrats. [...]
The 2011 rebels are to the right of their 1995 antecedents in any case. That’s why this battle, ostensibly over the deficit, is so much larger than the sum of its line-item parts. The highest priority of America’s current political radicals is not to balance government budgets but to wage ideological warfare in Washington and state capitals alike. [...]
The real goal is to reward the G.O.P.’s wealthiest patrons by crippling what remains of organized labor, by wrecking the government agencies charged with regulating and policing corporations, and, as always, by rewarding the wealthiest with more tax breaks… The once-bedrock American values of shared sacrifice and equal economic opportunity have been overrun. [...]
[T]he dollars that will be saved are minute in terms of the federal deficit, but the payoff to Koch interests from a weakened E.P.A. is priceless. The same dynamic is at play in the House’s reduced spending for the Securities and Exchange Commission, the Internal Revenue Service. and the Commodities Futures Trading Commission (charged with regulation of the esoteric Wall Street derivatives that greased the financial crisis). The reduction in the deficit will be minimal, but the bottom lines for the Kochs and their peers, especially on Wall Street, will swell.
Frank Rich has much more here.
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