Friday, May 27, 2011

Apocalypse soon?

It's distressing when we have a ticking time bomb in the form of the debt limit problem, and today:

(a) McConnell said no deal without massive Medicare cuts, which almost certainly is a response to Tuesday's election. The evident idea is that the Democrats must surrender the ability to flog the Republicans on the Ryan plan, or else he is unwilling to surrender his hostage (i.e., the U.S. and world economies).

(b) Ryan said that any increase in tax revenues is absolutely, unconditionally unacceptable because to him this is a matter of "economic doctrine."

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