Dems: Debt, Schmedt: We Prefer the Land of Unicorns and Rainbows

Bernake states that Congress better get its fiscal house in order QUICK or a fate such as Greece's awaits us.

And yet some continue to debate the addition of a $1 trillion+ entitlement to our debt obligations.

Unicorns and rainbows are much more fun to think about for our politicans than slashing spending.

Fall on Your Sword

Nancy Pelosi tells moderate Democrats to pass Obamacare and lose their seats in November.

So those safe in the rear tell the front lines to engage in a frontal assault in broad daylight. I wonder what the front lines have to say about this?

Political Death March Through the Valley of Reconciliation

Lamar Alexander states today that the GOP will campaign to repeal Obamacare if it passes by reconciliation.

As I said yesterday, if they do pass it via reconciliation, Katie bar the door. It's gonna get ugly for Democrats and liberals.

The Red State guys agree with me. The opposite reaction to the passage of Obamacare would probably include a pledge by the GOP to repeal it and enact sane health care reform in the next Congress. I'm sure they can figure a way to repeal it due to the huge public opposition to it.

An Equal and Opposite Reaction

Andrew McCarthy at National Review's Corner states yesterday that the president knows and doesn't care that the Democrats are going to get killed in November from Obamacare.

For them, they are happy to pay that price to 'transform America.' Because such a program would be very difficult to repeal, goes the argument.

I see the point, but look: The passage of Obamacare via reconciliation would be a shocking political action in the face of strong public disapproval.

I think for that strong ACTION, there would be a difficult to comprehend REACTION from mainstream America.

No one imagined in January 2009 that the president would cause the Tea Party movement to spring up. And look where it is today.

If Obamacare passes, look for serious public revolt. Lawsuits and legislative action at the state level are certain. And what else? I don't know. But I know this - most Americans don't want a European welfare state on these shores.

And again, the Obamacare action will absolutely guarantee an equal and opposite reaction. Bank on it.