Alternate title: man who raised America’s debt, deficit, and spending to “historic” levels will to do nothing but run his lips in support of short term debt deal as long as someone else gets screwed in the long term, but, that takes up a bit more room
The Obama administration signalled it may accept a short-term increase in the U.S. debt limit if it is combined with a major agreement to cut the deficit.
“The president has been clear that he will not support a short-term extension of the debt ceiling†without an agreement to cut the deficit, White House spokesman Jay Carney told reporters today. President Barack Obama plans to meet with top congressional Democrats today as the Aug. 2 deadline for raising the US$14.3-trillion debt limit nears.
Usually when Obama says “let me be clear”, expect snake oil and some wonderful lies. Why does he want a long term deal on the deficit? Because it allows him to get his massive tax increases, while ignoring the agreed upon cuts which would have supposedly come later. Then he gets to spend even more.
While the deadline is “real and fast,†the press secretary said, “there is still time to do something significant if all parties are willing to compromise.â€
Something significant means Republicans giving away the baby and the bathwater.
Meanwhile, the same story points out that Obama will be leading with Congressional Democrats to discuss their proposed debt/deficit legislation. Ed Morrissey wonders what they will do in the second minute.
