Joe Klein at TIME wrote an op-ed piece about the Republican stand-off over the debt ceiling debate. Yes, he's an anti Tea Party liberal, but his scolding words resonated with me, and seem to make sense in the current political climate. The gist of his argument: The Republicans have asked for everything and more and the Democrats have essentially agreed to all of it - including massive cuts and changes to the Big 3 Entitlements (Social Security, Medicare, and Medicaid). Yet, the Tea Party folks will have none of it. They add more and more demands. And, as a result of their failure to compromise, the country will default on it's debt for the first time in history. What does it mean? Read on!
Navigating the Roller Coaster Ride that is American Politics
Friday, July 29, 2011
Debt Charade
Joe Klein at TIME wrote an op-ed piece about the Republican stand-off over the debt ceiling debate. Yes, he's an anti Tea Party liberal, but his scolding words resonated with me, and seem to make sense in the current political climate. The gist of his argument: The Republicans have asked for everything and more and the Democrats have essentially agreed to all of it - including massive cuts and changes to the Big 3 Entitlements (Social Security, Medicare, and Medicaid). Yet, the Tea Party folks will have none of it. They add more and more demands. And, as a result of their failure to compromise, the country will default on it's debt for the first time in history. What does it mean? Read on!
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