And why is the President doing the job of the Congress? His job is supposed to be to execute - not legislate. Yes, we know. The Repubs would not do anything unless the President was involved. But did he have to agree with them? It is a Congressional responsibility.
Obviously, the President and the Democrats want a grand and large plan to get past the next election. Naturally, the Republicans do not want to give up their perceived advantage on this issue and would like a smaller deal to get through this year, so they can come back with the same attacks this time next year.
And now, the Washington Post is reporting that the sticking point is really the Bush tax cuts.
http://www.washingtonpost.com/business/economy/boehner-abandons-efforts-to-reach-comprehensive-debt-reduction-deal/2011/07/09/gIQARUJ55H_story_1.html<snip>
"Obama, at least, was willing to make that leap and had put significant reductions to entitlement programs on the table. But on Saturday, Boehner blinked: Republican aides said he could not, in the end, reach agreement with the White House on a strategy to permit the Bush-era tax cuts for the nation’s wealthiest households to expire next year, as lawmakers undertook a thorough rewrite of the tax code.
...
In private negotiations with the White House last week, Boehner dangled a tax deal that he thought might bridge the divide. Republicans would immediately extend the Bush tax cuts for middle-class households, leaving the cuts that benefit the nation’s wealthiest taxpayers on track to expire next year. That would have been a huge win for Democrats, whose liberal base views ending tax cuts for the rich as a top priority — and one that Obama has failed to deliver."
<end snip>
So, we now see how the Bush taxcuts are coming back to bite Obama and the Democrats in the ass. In reality, the Bush taxcuts should have already been gone. They expired at the end of last year but Obama and the Democrats agreed to extend them. Now they have become the central debating point in negotiating the debt limit. Who is surprised?
Is there any wonder there is so much frustration with the Democrats? Our incompetence overfloweth.
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