Principled, the democrats have the advantage in the negotiations in that they don’t believe the debt is a serious problem, and most of the public agrees with them. the republicans are trying to solve a problem, the democrats are trying to get political advantage.
my view is the public thinking will change when they see one of the major industrialized countries go into a debt and hyperinflation death spiral.
The usa has over a million dollars per taxpayer in unfunded social security and medicare liabilities.
http://www.usdebtclock.org/
this is not a sustainable situation, and tax increases just postpone reform and make the problem worse.
my thinking is republicans kick the can until one of europe, uk, japan collapses. then use the public focus on unsustainable welfare state to get real reform, because tax increases and fake defence cuts are not enough
Thanks -
this makes good sense if one has faith in the American people to recognize that a crumbling of another country’s economy is a precursor to our fall.
It will be played as something different. It will be some offensive video that causes Italy to crumble.