Most Read
    Image 01 Image 02 Image 03

    So where is this heading?

    So where is this heading?

    John Boehner has given up, for now, trying to negotiate a debt deal with Obama because Obama is insisting on a tax increase as part of any deal:

    “In the end, we couldn’t connect. Not because of different personalities, but because of different visions for our country,” Boehner said in a letter to colleagues. He said Mr. Obama ” is emphatic that taxes have to be raised” and “adamant that we cannot make fundamental changes to our entitlement programs.”

    TPM is reporting that Nancy Pelosi is moving towards a deal in which there would be significant cuts without tax increases, but no cuts to entitlements:

    House Minority Leader Nancy Pelosi acknowledged Friday that Democrats may reluctantly accept a last-minute compromise to avoid a default that involves up to $2.5 trillion in spending cuts — without agreed-upon new tax revenues — if Medicare, Medicaid, and Social Security are protected from the debt limit brinksmanship.

    Oddly enough, I think Pelosi may be onto something. Cuts — more than Democrats want but less than Republicans want — while putting aside the hot button issues of taxes and entitlements, may be the only middle ground that can work. Both sides would get a small victory, and the issue would be front and center for 2012.

    Here are the dueling press conferences:

    What do you think? Will there be a deal, or no deal? And will Pelosi, of all people, be the one to get it done?

    DONATE

    Donations tax deductible
    to the full extent allowed by law.

    Comments


    […] enough, by Friday evening Pelosi was signaling it was heading that way: House Minority Leader Nancy Pelosi acknowledged Friday that Democrats may […]


    Leave a Comment

    Leave a Reply

    You must be logged in to post a comment.

    Notify me of followup comments via e-mail (or subscribe without commenting.)

    Font Resize
    Contrast Mode
    Send this to a friend