Remember what the White House included on their fact sheet about the debt deal:
The Bush tax cuts expire as of 1/1/2013, the same date that the spending sequester would go into effect. These two events together will force balanced deficit reduction. Absent a balanced deal, it would enable the President to use his veto pen to ensure nearly $1 trillion in additional deficit reduction by not extending the high-income tax cuts.
And Steve Benen says this:
White House Press Secretary Jay Carney, for example, told reporters that the president will veto any measure that extends the Bush-era rates for the wealthy. There was no wiggle room. Obama would almost certainly make permanent the breaks for those making less than $250,000 — breaks that arguably need to be scrapped, too — but if Republicans fight make the same demands as they did in December 2010, the president apparently won’t accept another deal.
Indeed, I’ve heard rumors that when the White House was trying to help sell the debt deal yesterday, officials swore up and down they’ll follow through on this in 2012.
While I'm sure the poutragers will insist that President Obama is weak and doesn't follow through because he's not a chest-thumper, I'd suggest that a certain orangeman is learning that you don't mess with this guy.
"won't happen" seriously? :-)
ReplyDeletei think i need to keep my blood pressure in check by skipping the big box blogs thinking today. predictions, based on negative outlooks, aren't going to move anything forward.
outrage sells. except even Glenn Beck finally lost his advertising. moral to Glenn Beck's story, courtesy of Lawrence O'Donnell: advertisers don't buy ads with end-of-the-world doomsters. (doomstyers?)