Originally Posted by Direckshun
Two new developments:
1. Boehner has offered a millionaire's tax, rather than a more traditional top 2% tax increase. So the House GOP has finally begun its cave in on higher rates.
2. Boehner has also offered to extend the debt ceiling for a year, in what is clearly a promising start. The White House wants it out of Congress' hands, period.
House Republicans would be foolish to give up the debt ceiling lever for anything short of a complete cave by the President. Someone has to constrain his propensity to spend our kids into poverty.
"Well, it is one thing for Bill Clinton to say, I feel your pain. It is another thing for Barack Obama to say I feel your pain that I have caused." - George Will