President Obama's quest to reach a historic budget agreement with House Speaker John Boehner (R-OH) fell into deep doubt Thursday, after a noisy rebellion by Senate Democrats over reports that Obama might hand Republicans the farm on discretionary and entitlement spending, with few or no guarantees that the GOP will accept any new tax revenues.[...]
If the initial leak was meant to serve as a trial balloon, Senate Majority Leader Harry Reid (D-NV) shot it out of the sky the same day.
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And the administration, clearly in damage control mode, summoned Democratic leaders up Pennsylvania Ave late in the day to clear the air, nurse wounds, and lay out a possible framework for a grand bargain to the skeptical crowd.
Well, it’s nice to know they still have some sensibilities.
Democrats are worried that in his zeal to accomplish something historic, Obama will agree to a debt plan that omits, or complicates, a key Democratic demand: new, concrete sources of tax revenue.
And well they should be. But it’s not just his zeal to accomplish something historic, although I don’t doubt that’s a large factor in everything he does. It’s also his zeal to appease his corporate donors so his coffers stay flush.
....but hey, do what you want....you will anyway.
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