Diary

The Debt Ceiling - Please Help

Increase Taxes or Else!

Raise Taxes … Or Else!

Somebody help clarify this matter for me. Some Republicans are demanding a balanced budget amendment as a condition for raising the debt limit — why not just vote against the increase? The result would be a future without additional borrowing — hence a balanced budget. How can the left have any demands? The Democrats have no leverage. It is funny to listen to them threaten not to vote for an increase unless half is derived from tax increases (additional revenues in their language). Let them vote against it and make austerity a bipartisan result. Isn’t it this simple — or am I missing something?