We’re in Trouble Now: President Pushover “Takes Lead in Budget Talks”Posted: June 24, 2011
Politico reports today that President Obama
signaled on Friday that he is ready to take over the debt-limit negotiations, summoning Senate leaders to the White House next week as the continuing impasse pushes the country closer to a potential default.
Obama will meet separately with Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) on Monday. The meetings follow the collapse Thursday of talks between Vice President Joe Biden and congressional leaders.
This isn’t good news for us liberals. Once Obama gets involved, I think we can assume he will give away the store to the Republicans. He’ll probably give them much more than they’re asking for. We’re going to need some stiffened Democratic spines in the Senate if we want to rescue Medicare and Medicaid. Are there and Democratic Senators left who have spines to stiffen?
“The president is willing to make tough choices, but he cannot ask the middle class and seniors to bear all the burden for deficit reduction and to sacrifice while millionaires and billionaires and special interests get off the hook,” White House press secretary Jay Carney said Friday. That’s not “a fair and balanced approach.”
Oh fine. Just what we needed–a Fox News reference.
Meanwhile, House Speaker John Boehner (R-Ohio) said the “realities of the situation” are that the House won’t pass any deal that involves raising new revenues, and the package must include budget reforms and spending cuts that exceed the amount of the debt limit increase, which is expected to top $2 trillion.
Boehner’s demands are insane, but that probably won’t stop Obama from allowing Republicans to put the final nails in the coffin of the U.S. economy.