So President Obama is ticked off that Congress is not acting like grownups and agreeing to raise the debt ceiling.
And what’s the disagreement?
The GOP insists there should be no tax increases and Obama insists there needs to be.
So in essence, President Obama is ticked off that Congress does not agree with him.
This short column in the Washington Post is worth a read, but here is a small clip.
Most people were never comfortable with the idea that the only way to preserve the financial system was by bailing out its worst members. The claim that the stimulus bill would keep unemployment at 8 percent or below was proven false long ago. The Federal Reserve’s Quantitative Easing program has not resulted in sustained recovery.
The idea that the way to solve America’s debt problem is by raising the debt ceiling is the most counterintuitive of them all. The public doesn’t buy it. In the experience of most Americans, the way to get out of debt is to cut up the credit cards and stop spending. They have not read Lord Keynes and doubt whether his prescriptions work in the real world. For them, thrift is not a “paradox” but a virtue.
In today’s Longmont Paper is this call in to our anonymous opinion section (in print only) is this little call in. Take note how it perfectly matches what the columnist above is suggesting.
“Nation’s credit at risk”? “Economy could suffer”? Are you kidding me? These people don’t get it yet. We’re top heavy. We’re brok. The solution is simple. What would you do? What would the biggest companies in the world do? What does anyone with common sense do?
And in the meantime, Obama is stomping his feet.
How hard would it be to agree to cuts in government, get his higher debt limit passed and then go back and look at his taxes? But he won’t do it. It’s about “face”.
Dear Mr. Boehner,
Make him blink. It will please me greatly.
All my best
Terri
UPDATE: Daniel Henninger at the WSJ sees this moment as defining who we are. Looking at Greece, I have to agree.
We do not want to be babies of the big state. At least not yet. We’ve been complacent but as look at ourselves in the mirror we have to choose. I know who I want to be.
His condescending attitude and sarcasm are just plain rude and unprofessional. As much as I didn’t want Obummer in office I did think he would at least be a decent diplomat. FAIL.
What’s worse is that we’ve (R side) already agreed to take some of the President’s pet issues OFF the table in return for taxes being OFF — namely Obamacare, no Medicaid block grant, no Medicare reform. And yet, he gets to paint the Rs as stubborn and unwilling to compromise.