How Obama Blew a Big Debt Deal - Rick Newman (usnews.com): "What is the difference between Obama's economic proposals and a dead cockroach lying in the corner? The cockroach has a clear position and it is not constantly changing its position while proclaiming that it hasn't.Perfect.
What to believe? Obama's budget which would have raised the debt if passed but was unanimously defeated in the Senate? His vague claims of a 4 trillion dollar reduction which had no specifics? His vow to require a 1 trillion dollar tax increase or his latest praise of the Senate Gang of Six that really has no certain spending cuts but likely raises taxes in the 3 trillion dollar range? And don't tell me that tax increase is offset by eliminating the AMT since that was never going to actually be imposed on the middle class. And this is the 'rational' man? As Boehner observed, negotiating with Obama is like negotiating with jello."
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Profits of Doom
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