It's wierd. For months I was pissed at the House Republicans for not being able to compromise and agree to higher taxes for the rich.
Well now they've agreed to them (albeit not nearly enough that I would have preferred).
But what's done is done. Both left and right have worked out a compromise somehow on taxes.
And now... I find myself in the odd position of agreeing with the House Republicans on spending cuts and being pissed at the Democrats for refusing to let up.
As I've said before, I want both taxes on the rich and also spending cuts.
It's a damn terrorist tactic the Republicans are using with the debt limit thing. "Do what I want or else I'll blow up the economy/kill the hostage".
Yet, does one really believe the Democrats would actually agree to cut Social Security and Medicare in a drastic way for the baby boomers, without such a terrorist action?
Even Fahreed Zakaria believes that Medicare should be cut due to demographic failures. http://www.time.com/time/magazine/artic ... 36,00.html
Just as taxing the rich should harm the economy the least, cutting entitlements to the elderly also doesn't hurt the economy as other things.
With the wars winding down, we can save a lot of money by cutting Defense spending, something the Democrats would certainly opt for. But there is no point to Defense cuts if Medicare and Social Security doesn't get cut also. Sort of like how there is no point to cutting green house gas emissions if China doesn't agree to them as well.
Medicare and Social Security must be cut. It doesn't matter if it's now cheaper than ever for the United States to get a loan. Why should we continue to get loans? So the baby boomers can die off before they actually have to pay for anything, in terms of tax rises or benefit cuts?
Maybe it does require a terrorist action. Maybe one must absolutely play chicken.
And the Democrats better blink. Because I don't want the Republicans to back down.
EDIT: And yes I do realize the hypocrisy of previously criticizing Republicans playing chicken with the fiscal cliff, but now encouraging them to play chicken with the debt ceiling. Let me think on that for a bit.