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In reply to the discussion: Obama, how DARE you cave on tax cuts for the rich & then raid Social Security to pay for them [View all]Tom Rinaldo
(23,193 posts)Republicans could have bargained for letting more of the rich keep their temporary tax cuts after they won the 2010 mid term election, but they refused to. They wanted to keep every dime and slice up up the federal budget instead. Their "compromise" was to eztend the Bush tax cuts in full for two more years. Republicans were confident they would retake the Senate for sure and probably the Presidencyalso in 2012. They sadi let the people decide, and the people decided.
The tax cuts by law are set to expire. Every dollar Obama lets the rich keeps from them needs to be offset some place else. The Republican House will never pass any bill with significant revenue increases in it. NEVER. Compromising on tax cuts for the wealthy means someone else will have to sacrifice as part of any deficit plan, and Obama has just offered up those on fixed Social Security incomes as the designated sacrificial lambs.
The only thing that can save Obama from following through is total Republican stonewalling and going over the cliff. By far that is now the better option.