The Obama Plan: Gut the GOP.

Here is the Obama plan as reported:

1. Give Obama the authority to raise the debt ceiling;
2. Raise tax rates on top 2% of earners;
3. Give Obama a $50B stimulus (another slush fund);
4. Postpone any cuts for at least a year.

Pretty much as what I expected except the request for giving Obama the authority to raise the debt limit. This request is unconstitutional, because by law it is the House of Representatives where spending requests must originate. Its inclusion in Gaithner's "secret" proposal to the Republicans is designed as a deal breaker.

In "Progressive" circles it is bandied that they get the best deal (the biggest move toward Socialism) by going over the Fiscal Cliff. That would raise everyone's taxes via the AMT. It would also enable the Left to seriously slash the military. Obama is thinking ahead to the 2014 elections. He wants his cake (higher taxes on the higher earners) and eating it too (claim that he preserved the lower tax rates for the "middle class." Obama knows that if the Dems lose the Senate he is toast, because his ineligibility to be President will come to light.