Wonkbook: The GOP's dual-trigger nightmare
Posted by Ezra Klein at 06:39 AM ET, 11/23/2011
Looks like dilemma time coming up for the party of Koch/Grover. Looks like a trick bag to me.
<In August, Republicans scored what they thought was a big win by persuading Democrats to accept a trigger that consisted only of spending cuts. The price they paid was 1) concentrating the cuts on the Pentagon while exempting Social Security, Medicaid, Medicare beneficiaries, and 2) delaying the cuts until January 1, 2013. That was, they figured, a win, as it eschewed taxes. Grover Norquist's pledge remained unbroken.>
<So now there are two triggers. One is an extremely progressive spending trigger worth $1.2 trillion that goes off on January 1, 2013.>
<The other is an extremely progressive tax trigger worth $3.8 trillion that goes off on...January 1, 2013.>
<It's distributed far more progressively than anything the Democrats have even considered proposing. And all that needs to happen for it to pass is, well, nothing.>
Wonkbook: The GOP's dual-trigger nightmare - The Washington Post