I'm not saying that it's all bad — and we don't even know yet if it's a done deal. Yes, Obama's last offer on the income threshold was up from the original $250K to $400K, plus the chained CPI on SS. So why now $450K? Because the chained CPI is supposedly off the table?
My worry is as much or greater over what happens in a couple of months when the debt ceiling issue comes due again. Will a less than stellar deal now embolden the Repugnicans to play chicken with the global economy again? Pissant Lindsey Graham has already said he'll go for it.
A deal like this gives me even less incentive to trust the right, and all the more reason to tell the left No more Mr. Nice Guy!
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