It doesn’t matter what Obama says or wants anymore. He has been dealt out of the game.
Second, it doesn’t matter if Reid’s cuts are real or illusory. If they are real, then Obama/Reid infuriate the Left. If they are a sham, then the credit agencies will step in and downgrade our debt, thus further weakening the economy.
Frankly, if the Reid plan is a sham, I don’t think it can get through the Senate itself, anyway.
What we need most today is for Reid to make his plan public. Boehner should wait on his plan until Reid issues his.
We had a housing bubble, education bubble etc, and now the govt bubble is going to pop.