Who said it?
Why, none other than Sen. Mitch McConnell (R-KY), on Face the Nation (via Politico). According to the Turtle, the GOP is Teflon when it comes to the debt ceiling debate. In fact, everyone’s been hurt, especially we the people.
Speaking of we the people, the BushCo tax cuts should be allowed to expire (that would be on December 31, 2012) of course; it looks like the Big Tax Cut Expiration fight is set to be in full swing during the ’12 presidential campaign. That would be about the time that very wealthy anti-tax people will be donating huge amounts of money anonymously to the GOP. And by “people” I mean corporations.
Timing is everything.
Next year’s deadline offers Democrats their only chance to negotiate from a superior strategic position. Republicans will still be able to refuse to raise taxes. But if they do, it won’t matter. The only way they can succeed in keeping taxes from rising is if the Obama administration and the Democrats stand shoulder-to-shoulder with them to extend the Bush tax cuts.
Lol. Like that could ever happen.