July 31, 2011
WHICH IS WHAT HAPPENS WHEN YOU'RE AFRAID TO HAVE YOUR SENATE MAJORITY LEADER SCARE VOTERS:
GOP on verge of huge, unprecedented political victory (Greg Sargent, 7/31/11, Washington Post)
By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.
Anything can happen, but it apppears the GOP is on the verge of pulling off a political victory that may be unprecedented in American history. Republicans may succeed in using the threat of a potential outcome that they themselves acknowledged would lead to national catastrophe as leverage to extract enormous concessions from Democrats, without giving up anything of any significance in return.
To be fair, this is Harry Reid's plan, not the House GOP's.
Posted by oj at July 31, 2011 1:39 PM