The phony Republican outrage after Tim Geithner’s visit to Congress yesterday shows what a pickle they are in. Geithner carried to the Hill the same proposal Obama made to Boehner and Co. last Friday, but this time the Speaker went public with his outrage as if he had never heard the proposal before. According to insiders, that’s because Boehner didn’t think Obama was serious last week and only now realizes the President is serious as a heart attack.
Time is on Obama’s side. If the Republican leadership won’t yield before December 31, the Bush Tax Cuts go away and Republican’s get blamed for raising taxes on the middle class. You can bet a bill changing that gets passed within days and so all this talk of fiscal Armageddon is pure nonsense. The bigger question for progressives is how to hold on to the big cuts in the Military budget that were part of the sequester. As Christopher Drew has pointed out, there is so much waste and incompetence in Pentagon weapons budgets, that cutting the billions from their budget is desperately needed to force them to get their house in order. This is where the Liberal-Libertarian coalition against the Military Industrial Complex has got to step up to the plate.