GOP Cliff Jump: Operation Rolling Tantrum and The Full McConnell!!

Just a few clever titles and straightforward facts:

Paul Krugman: Operation Rolling Tantrum: Oh, boy. This isn’t going to end … John Boehner has just declared that he’s going to hold the full faith and credit of the United States hostage every time we hit the debt limit. Nor will it be a case of holding the nation at gunpoint until it meets GOP demands; Republicans are signaling that they don’t intend to make any specific proposals, they’re just going to yell and stamp their feet until Obama soothes them somehow.

If the next two years are one long Republican tantrum, the 2014 election is not going to be a normal midterm. It will instead be a referendum on GOP obstructionism, which may attract a lot more attention — and much higher turnout — than normal.

The Full McConnell: In his interview with the Wall Street Journal, Mitch McConnell finally mentioned a few sort-of specifics about what spending cuts the GOP wants: raising the Medicare age, charging higher premiums to affluent Medicare recipients, and changing the price indexing of Social Security. But how much does all this amount to?

I’ve already noted that the CBO has estimated the fiscal savings from raising the Medicare age at $113 billion over the next decade. A study of health care options (pdf) from a few years ago put the savings from expanded premiums at $20 billion (Option 91) – that number would be somewhat higher now, but still small.

So, we get a bit more than $300 billion. Getting this would impose substantial hardship – seniors would be forced into inferior private insurance, and there are good reasons to believe that the true inflation rate facing seniors is actually higher, not lower, than the CPI. Still, what we’re looking at overall is a saving equal to only about one-fifth of what Obama is proposing to raise by higher taxes.

And that’s it; has anyone heard even a peep from the GOP about what else they’d like to cut?
This is pathetic – and these people are definitely not serious.