I'm slightly calmer today than I was last night when it became apparent that the House was not going to take a vote on the Boehner Plan, but not by much. Right now I'm pissed at everyone in Washington.
I'm pissed at establishment Republicans for their part leading up to this miss and the many years of "go along, get along."
I'm pissed at Tea Party Republicans for their "burn down the house" mentality and refusal to recognize that taming the deficit is going to be a decade long process, one that will require painful but prudent cuts. They need to show they can be prudent and not just stridently principled or they will get no chance to govern. Try cutting the deficit then, idiots.
I'm pissed at Democrats for their blatantly cynical partisanship in doing not one thing to try to get something moved out of the House. President Obama keeps saying he has a plan but he refuses to actually show it. The one Democratic plan that has enough substance to get a CBO score is another cynical joke, with half of its so-called "cuts" coming from money that wouldn't be spent anyway.
Three years after another disaster at least partly inspired by the geniuses in Washington, retirement wealth has made a comeback in the form of IRAs and 401Ks. A meltdown of that again would be disastrous for the economy and Tea Party Republicans better wake up to the fact that they will be blamed, whether that is fair or not.
Obama faces two massive problems — jobs and debt. They’re both the result of his spectacularly failed Keynesian gamble: massive spending that left us a stagnant economy with high and chronic unemployment — and a staggering debt burden. Obama is desperate to share ownership of this failure. Economic dislocation from a debt-ceiling crisis nicely serves that purpose — if the Republicans play along. The perfect out: Those crazy Tea Partyers ruined the recovery!
If that happens it will go down as one of the most spectacularly stupid political blunders in our nation's history.