July 22, 2011

SURPLUS TO NEEDS:

Democrats' Debt-Deal Shutout: House Democrats are shocked and outraged that Obama is pursuing a debt deal with Boehner that sidelines them and won't hike taxes--though some are resigned to it. (Patricia Murphy, Jul 22, 2011, Daily Beast)

House Democrats got a painful lesson on the realities of divided government Thursday when news leaked that President Obama was nearing a major agreement with House Speaker John Boehner to raise the debt ceiling.

The possible framework would slice more than $3 trillion from the federal budget over the next 10 years, including cuts to key entitlement programs such as Medicare, which Democrats have vowed to block.

Worse, in other Democrats' minds, was a proposal to move a tax reform package in Congress to raise revenues, instead of the party's plan to hike income taxes on wealthy Americans.

Not only was the president apparently moving without their knowledge, but as details of the possible agreement made clear, Obama was choosing a path that was designed to win the votes of the Republicans' caucus in the House and not the Democrats' own caucus.


Posted by at July 22, 2011 6:57 AM
  

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