"The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a different approach -- a cuts-only approach -– an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all.
And because nothing is asked of those at the top of the income scale, such an approach would close the deficit only with more severe cuts to programs we all care about"
July 25, 2011
Last night Obama came on TV and begged for action to resolve the impending credit downgrade of US Credit. That speech and all it's partisan rhetoric is as close as the man came to offering a plan.
In fact the only plan he has ever put in writing was a 10 year budget last spring that received zero votes in Harry's Reid's democrat senate.
Since then, all he's offered is photo-opt meetings, a temper tantrum walk off, and partisan speeches about evil hedge fund managers and corporate jets. He has never sent out a plan to reduce spending and spending (not the credit limit) is the true crisis.
Today John Boehner put out yet another compromise plan that he hoped would be acceptable to both Obama and The Tea Party Caucus. The plan had very modest immediate cuts, it proposed a bipartisan committee to come back with cuts, and offered to raise the debt limit by up to 95% of what was cut in spending.
Understand, this is not a plan I would want to see implemented, but it is the sort of compromise plan that you'd expect to see from a man who represented every American -- not just the extreme members of his party.
When people say "the adult in the room," this is exactly the type of behavior they're talking about.
Knowing that a credit downgrade will devastate the already weak economy. And running out of time and options, what does our so-called president do?
He immediately rejects it and then hides behind Jay Carney and Harry Reid, who said this afternoon:
Jay Carney: [Obama signing Boehner's Bill] was a moot point in any event, as “the speaker’s proposal can’t pass the Senate and would not reach the president’s desk.”
Harry Reid: “Speaker Boehner’s plan is not a compromise. It was written for the Tea Party and not the American people. Democrats will not vote for it. Democrats will not vote for it. Democrats will not vote for it. It’s dead on arrival in the Senate, if they get it out of the House.”
Meanwhile, the child in the room still has no plan, no budget, and no ideas on how to save the United States from an imminent financial crisis.
I guess that's the kind of leadership we get when we make a community organizer the head of the free world.
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