Next Right-wing Target

They anticipate that their dirty deal with Obama is sealed, and will pass even in the Democratic House. Why Democrats will pass such a monster is another question.

So, right-wingers are pleased about the $700-800 billion in income tax breaks for those who don't need it--people earning over $250,000 a year. They also are moderately pleased with the Estate Tax deal, in which estates under $5 million will be exempt, and the rate above that is lowered to 35%. Actually, many right-wingers want to eliminate the estate tax altogether. They don't call it the "Death Tax" for nothing. Under Bush, they had put in place the budget-busting Medicare Part D, which is lavish to big Pharma, as well as the tax cuts now being renewed.

So, what is their next target? They are mobilizing to prevent the GOP from supporting "compromise" on the debt ceiling. It's currently at $14.3 trillion.

That looks like a large number, and it is, but the US keeps on bumping up against whatever ceiling is current law; it has been for years--except during Clinton's last two years.

Before the Great Recession, the biggest and fastest addition to the debt was during the Bush II administration. Trillions in debt were added from the two unjustified wars, the two rounds of tax cuts and the unfunded Medicare Part D.

The recession, as recessions always do, caused the debt to rise further, because the unemployed and/or defaulted homeowner is unlikely to pay income tax, but aid to both means the government has to borrow. Would it be better to let people starve in the streets? Or sink into a depression?

Right-wingers seem to think so. They don't expect to be the ones who do the starving. They apparently assume that if people don't have jobs, it's their own faults--after all, jobs are listed in newspapers and online, so why aren't people working? They have it too easy with unemployment insurance! Those stupid Democrats wanted unemployment benefits extended; it was the lever Republicans used to get their way.

However, if the government runs out of money, it won't pay unemployment. To stop the government from borrowing will, effectively, stop the government from operating.

Why do right-wingers want this?

There is much rhetoric in right-wing venues about the damage government does. Their assumption is that a coming period of stalemate will be a good thing: it will stop that African Socialist, Obama, from expanding government programs and regulations. It will also demonstrate what right-wingers believe: government can't do anything right. If they can hamstring government until the 2012 election, then right-wingers can regain power.

But they don't appear to care if, in the process, they drive the US into a depression. If they succeed, the US will lose the dollar's reserve status. Then, goodbye American Empire.