Wednesday, July 13, 2011

Who is paying attention to the debt ceiling?

Contrary to President Obama, Americans are paying attention to the debt ceiling and they are opposed to lifting it.
President Obama has run into a brick wall. It’s called the will of the people. The reason he can’t force Republicans to raise the debt ceiling is that he will not countenance a deal that cuts spending but doesn’t raise taxes. He seems unable to grasp that 236 Republicans in the House of Representatives and 41 Senators have signed the Taxpayer Protection Pledge, promising that they will “oppose any and all efforts to increase the marginal income tax rates for individuals and /or businesses…and oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.”
The newly elected Republicans in the House believe they were sent to Congress to harness runaway government by reducing spending. They are, shockingly, committed to the principles on which they campaigned. This is such a foreign concept in Washington that it seems President Obama can’t wrap his mind around it. 

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