Originally published on The Agonist
Was it just a week ago that President Obama was hanging tough, insisting he would never accept a debt ceiling package that excluded tax increases? In rejecting a six month extension of the debt ceiling, Obama said last week:
But there’s an even greater danger to this approach. Based on what we’ve seen these past few weeks, we know what to expect six months from now. The House of Representatives will once again refuse to prevent default unless the rest of us accept their cuts-only approach. Again, they will refuse to ask the wealthiest Americans to give up their tax cuts or deductions. Again, they will demand harsh cuts to programs like Medicare. And once again, the economy will be held captive unless they get their way.
Here is what Speaker of the House John Boehner said today about the debt ceiling package that has now been agreed to by the House and Senate leadership, along with President Obama:
Now listen, this isn’t the greatest deal in the world," he said, according to excerpts of the call provided to press by Boehner's office. "But it shows how much we’ve changed the terms of the debate in this town."
Boehner painted the deal as victory for the Republican party because it did not include revenues, which Democrats have long called for as part of a final deal.
"There is nothing in this framework that violates our principles," he said. "It’s all spending cuts. The White House bid to raise taxes has been shut down." – source HuffPost
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