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Obama knew of Rep. strategy on debt ceiling 9 months ago

submitted by theali

1 decade 3 years 3 months 1 week ago

Obama could have negotiated the debt ceiling increase when he extended the tax cuts for the rich, but he didn't.

YT: Jane Hamsher, http://www.firedoglake.com, joins Thom Hartmann. In this debt-limit debate we witnessed far-right wing terrorists within the Republican Party - Members of Congress that even Vice President Joe Biden admitted acted like terrorists - threaten America with total economic destruction if they didn't get EVERYTHING they wanted in a debt-limit deal. And as we near the end - it looks like they'll get damn near everything they asked for. That's trillions in spending cuts - without one penny in tax increases on billionaire hedge fund managers - subsidized billion dollar oil corporations - and subsidized billionaire corporate jet owners. It's as though the president was totally unprepared for this assault by the Republicans. But it's not as if he wasn't warned that they were planning to play hostage-takers.