Excerpt
By putting deep spending cuts and substantial tax increases on the table, President Obama’s bipartisan debt-reduction commission has exposed fissures in both parties, underscoring the volatile nature and long odds of any attempt to address the nation’s long-term budget problems.
Among Democrats, liberals are in near revolt against the White House over the issue, even as substantive and political forces push Mr. Obama to attack chronic deficits in a serious way. At the same time, Republicans face intense pressure from their conservative base and the Tea Party movement to reject any deal that includes tax increases, leaving their leaders with little room to maneuver in any negotiation and at risk of being blamed by voters for not doing their part.
Mr. Obama, on a diplomatic tour of Asia in which the fiscal condition of the United States has been a recurring backdrop, maintained his silence on Thursday about the particulars of the draft deficit-reduction plan the commission chairmen had released the day before.
DUH... would anyone expect anything different when ANY big change is purposed?
No comments:
Post a Comment