Nancy Pelosi: It is clear we must enter an era of austerity, to reduce the deficit through shared sacrifice.
From The Guardian's analysis of the dueling debt ceiling increase plans put out by Boehner and Reid.
Did Pelosi get Plouffed? Sold out or pushed out?
...[A]s soon as Boehner's plan was launched on Monday afternoon it got savaged by the Republican rump, from House hardliners like Jason Chaffetz to the Cut Cap Balance Coalition, the influential Republican Study Committee and even the Heritage Foundation.
In response, the Democrats Senate majority leader Harry Reid today offered his plan, of $2.7tn in savings, no tax increases and the debt ceiling raised by enough to get the government through until after the November 2012 elections. (Reid's savings includes a gimmicky $1tn from ending the wars in Iraq and Afghanistan, but House Republicans had also claimed the same figures in the earlier Ryan budget.)
The White House instantly embraced Reid's plan – putting the Republicans in a difficult position, since it agrees largely with their position but without the complexities of the two-step process and bipartisan committee. To show that Democrats aren't likely to suffer from similar divisions, Nancy Pelosi backed Reid's plan in striking language:
It is clear we must enter an era of austerity; to reduce the deficit through shared sacrifice.
The net result is that a deal is no closer, since it's hard to imagine that House Republicans are going to vote for Reid's plan as it stands. Time is running out, of course, and if Boehner can't pass his own plan, for whatever reason, then the chances of a Plan Z no deal by August 2 gets closer.
#FuckWashington is looking like a great response.
Oh, and Nancy? Put a fork in it, the Dem Party is done,, a gonner.
And, Nancy, we know what "shared sacrifice" means: We get sacrificed and your wealth quintile gets our share. Damn you.