Obama knows the GOP and its herd of RINOS will cave. The stupid 25 year plan they have proposed is a joke.
I bet the GOP will go along in the end with a VAT Tax and cutting defense. The Ponzi must survive! I hope I am wrong but I see the signs already.
In wrestling with the deficit, the most important area is entitlement reform. Unfortunately, even many Conservatives place tremendous importance on "who will make sure my check keeps coming?"
Politicians know that entitlement reform is a quick way to lose an election. They have no stomach for it. The solution, therefore, is to freeze the debt ceiling. That FORCES the government to do the necessary but unpopular things like entitlement reform.
Pay the interest on the debt. Then, look at the amount of money left over (it won't be very large) and ask, "What do we really want to do? What does the Constitution mandate?"
Nothing serious will get done about the debt until it becomes more painful to work the problem than kick it down the road.
Hanson hits it out of the park.
and obama is heading out today to “sell his debt plan in swing states”, i.e. campaigning again.
and the evening news will air clips of him adnausaem without exposing any of the lies.