Obama Wants Debt Deal Today, Cuts Tomorrow
Published July 07, 2011
White House Wants a J. Wellington Wimpy Deal on Entitlements
“In my view it’s easier to get the votes for a bigger deal. For any deal there will still be painful cuts. A big deal that puts the country on a sound financial footing is a big accomplishment. Our view is the easiest thing to pass is, ironically, a bigger, harder package.”
-- Senior Democratic official talking to FOX News colleague Wendell Goler about President Obama’s decision to expand the scope of debt ceiling negotiations.
President Obama will propose to congressional leaders today a plan that trades an immediate increase to the federal government’s $14.3 trillion credit limit and increased taxes in exchange for a bouquet of immediate and prospective and tweaks to entitlement and welfare programs, including Medicare and Social Security.