Sink Obamacare Now

By are margin of two to one (63-31 percent) independent voters favor repeal of Obamacare. Among all voters those favoring repeal prevail by a 54 to 39 percent majority. As readers will remember Obamacare takes in tax revenue for ten years and pays out benefits for six years thus making it in the muddled thinking of Democrats "deficit neutral". Exactly what the country is to do in year 11 when outlays exceed tax revenue by 67% is left undecided until the then President comes before the Congress to announce the country is broke. In spite of this ticking time bomb that Obamacare creates repeal is off the table in the current debt ceiling negotiations. The same is true for high speed rail-nonnegotiable. "Cut, Cap and Balance" would be the death knell for both of these programs and for that reason Obama has threatened to veto it should it ever reach his desk. Senate majority leader, Harry Reid says Cut Cap and Balance will not come up for a vote in the Senate. Even conservative pundits dismiss its chances of ever getting enough Senate votes to pass noting that the "Balance" part of the bill would require a two thirds majority in both houses.

Three polls out today suggest the President is losing the debt battle and fast. Forget the poll that shows Obama to have the upper hand on the debt negotiations. Since the debt bargaining began Obama has dropped 6 percentage points in the daily Gallop tracking poll. He is now underwater 42-48 percent. In the Real Clear Politics poll which is an average of eight polls Obama is down 45.8-48.3 percent but the worst shock is a PPP poll showing Obama tied with Romney at 45%. Pollsters will tell you when an incumbent polls less than 50% he's in trouble. The voters have years to make up their minds on an incumbent and if after that long they are still undecided it does not bode well for him. It's almost like saying that after three years of marriage you're not sure if you love your wife. Public Policy Polling is a Democratic poll. It is used exclusively by Democrats and it is often accused of bias. If PPP says Obama is in trouble he is in trouble. PPP admits as much.

“There’s a very good chance Barack Obama would lose if he had to stand for reelection

today,” said Dean Debnam, President of Public Policy Polling. “This is his worst poll

standing in a long time and he really needs the economy to start turning around.”

Suppose Cut, Cap, and Balance is defeated in the Senate. Obama will be forced to accept a stopgap bill that would allow the debt limit to rise by at least half a trillion dollars. Suppose further the House Republicans attached the repeal of Obamacare to that bill. Obama would have to sign it or explain to angry voters why Obamacare was worth shutting down the government.