Tax and Spend

Boehner's grand plan to shame Obama backfired when he fails to get enough votes to pass his plan. Somebody please fire this guy. Naturally Republicans voted to re-instate the spending because they get rich off the spending, but they wouldn't vote to raise taxes. That's because they don't benefit from taxes, and taxes are really meaningless because it doesn't matter whether spending is paid for through direct taxes or indirectly by the Fed printing money. I said all along this is political theater, and Boehner just screwed up his role badly.

Here's some good propaganda:

"The vote on “Plan B” was perhaps the most consequential test of Boehner’s leadership since he took control of the House early last year. Persuading a majority of Republicans to cast a politically treacherous vote to permit higher taxes could have enhanced his leverage with President Obama in future talks to secure a broad plan to rein in the national debt, Republicans said. "

If Boehner had convinced Republicans to bow down and kiss Obama's ring, then Obama would have worked with him. What a joke. The other joke here is that Republicans are revolting. Nearly 200 Republicans supported this travesty, so don't tell me about Republicans are revolting and working to cut taxes and spending. A handful of Republicans revolted. Whether this bill passed or not, like the best theater, this is just ratcheting up the tension before the final, bipartisan deal gets done at the eleventh hour.