Wednesday, June 1, 2011


Debt ceiling kabuki theater continues...
House Republican leaders scheduled the clean debt limit increase vote for one reason: to defeat it. They believe this will support their strategy of holding a debt limit increase hostage to enactment of a deficit-reduction package they favor that would impose deep cuts in Medicare, Medicaid, and other important programs while protecting Bush-era tax cuts for the wealthiest taxpayers and various dubious tax breaks for large corporations and other special interests.
 Pure economic terrorism.

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