[Hound of the Baskervilles]

Well then we are doomed. We are going down. America is over. Obama is Marx, Lenin and Mao rolled into one. No one can overcome him. He will destroy America and then dance on her grave.

Or maybe we are getting just a little bit paranoid.

MAYBE.

[kabar]

You are the one who said that this is the hill not to die on. It is the same kind of rationalization Reps use to postpone the real fight. I predict that the Reps will cave on the debt ceiling and they certainly agree with Obama that the sequestration cuts should not happen as legislated. They will collaborate on another phony deal that postpones the cuts and increases the debt and deficit.

The consensus among political observers is that Obama leaves Washington victorious after winning $620 billion in tax hikes from Republicans in exchange for minimal spending cuts. And Obama will be demanding more tax revenue for any cuts in spending.

The Reps lost this fight in their 2010 lame duck Congress fight that allowed Obama to extend the Bush tax cuts for just two years and later on the sequestration deal that the WH originated to delay spending cuts and to force the Reps to do something to prevent cuts to the military. This will all play out in a few months, but one thing is sure--there will be no real spending cuts.