Obama is bluffing. He so desperately wants to keep spending at high levels and to increase taxes that he is threatening to withhold social security checks from recipients.
Republicans should take a reasonsble deal if it is available. A structure of scaling back spending, even if not what we would want, without tax increases is a deal worth taking.
But running up another $2.5 trillion in national debt without any constraints on spending is not worth it. Something has to give, and as Obama says, if not now, when?
Call his bluff, while being willing to take a reasonable deal of spending constraints and no tax increases. But…
If Obama is so hot not to pay social security checks even though there will be enough money on hand to pay those checks, and all other essentials including payments due on the national debt, then let him do it. Because he won’t.