Any fiscal deal should do the following:
1) force the Republicans to violate their Norquist pledge.
2) make the Republicans give up their ability to threaten our credit rating by threatening to default on our debts.
3. make the Republicans vote for classic Keynesian stimulus spending.
This is about killing off a fever. If the Class of 2010 is compelled to commit the three aforementioned apostasies, they will be a spent force.
In that context, whether we have Chained CPI or CPI-W or CPI-E is very much a secondary consideration for me. I don’t support Chained CPI. But I want to see these bastards broken up on the rocks of their own deluded ideology. That, for me, is paramount.
