Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Wednesday, July 6, 2011

Tick Tock


We get closer and closer to Default Day.  Even David Brooks has come out and said the GOP has gone crazy.

Thanks, Bobo, where have you been for the past two four six eight thirty years.

We will increasingly see the so-called mainstream Republicans and the Wall Street GOP start to push the Congressional GOP to get this done.  Hoyer just said that any Democratic votes in the House would require revenue increases.  Oddly, this might make it easier for the "sane" Republicans to cave on taxes.

More interestingly, Kent Conrad has introduced a bill that closes the deficit with 50% spending cuts and 50% revenue increases.

In other words, a responsible bill.

Hope it gets a vote in the Senate.

It will be a nice change of pace for decent legislation to die in the House for a change.

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