If Larry Kudlow Backs Harry Reid’s Plan, I’m Scared as Hell
July 25, 2011 at 6:28 PM Leave a comment
This would be let-them-eat-cake corporatist Larry Kudlow on Harry Reid’s “deficit reduction plan,” which Obama endorses:
What’s so bad about the Reid plan?
The big sticking points between the House GOP leadership and Sen. Harry Reid’s latest plan are 1) the House wants two debt increases, one this year and one next year (Reid has just one increase) and 2) the House Republicans want a guaranteed balanced-budget-amendment vote.
Regarding the Reid plan itself, it really looks like a Republican plan: A $2.7 trillion spending cut to raise the debt ceiling by something like $2.5 trillion, and no tax revenues. So, really, what’s so bad about the Reid plan? Increasingly, Wall Street gurus want one debt-ceiling increase, not two.
Time for some Quaaludes. Oh, and I think we’re watching the implosion of the Democratic Party.
Entry filed under: America for Sale, Corporatocracy, Democrats, Including Blue Dogs & "Liberals", Dumbed Down, Fascist America, Financial Crisis, MSNBC, NBC, CNBC / GE (General Electric), Our Tax Dollars, President Barack H. Obama and Co., Republicans, Including Wingers & "Moderates", We the People. Tags: .
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