The GOP May Have Some Real Leverage Here

salon.com — Republicans have essentially no leverage in the current “cliff” negotiations. The policy consequences of doing nothing are a lot worse for them than for Obama and the Democrats. So Obama is in position to demand concessions that the GOP wouldn’t ordinarily give up – like, for instance, an increase in tax rates, something no Republican in Congress has voted for in 22 years. Faced with this imbalance, though, Republicans have lately been making noise about forcing another confrontation over the debt ceiling, which we’re due to hit a little over a month into the new year. This is where things get complicated. What we know is that Obama’s official position is that any attempt by the GOP to replicate the brinkmanship of the summer of 2011 is a non-starter. The problem is that “Democrats have no consensus plan to execute if the debt ceiling isn’t increased before the end of the year.”.

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