posted on Jul, 13 2011 @ 07:41 PM
Bloomberg perhaps conveniently forgot this part of the story when Obama was leaving the debt negotiations.
U.S. President Barack Obama told Republicans at the conclusion of a stormy budget meeting on Wednesday that he would not yield further even if it
puts his presidency at risk, a Republican aide said.
"I have reached the point where I say enough," Obama said, according to the aide. "Would Ronald Reagan be sitting here? I've reached my limit.
This may bring my presidency down, but I will not yield on this."
Could this be a bluff on his part? I doubt it, what he would really gain from saying that he does not care if it costs him his presidency. He knows
that alone would not bring the Republicans closer to his side in the negotiations. For him this quite possibly could be very serious, something he
believes in so much he would even risk his Presidency for it. At least we know he has officially made his position known on at least one issue; he
will not subscribe to the cuts GOP Congressman is proposing.
Republicans had $4 trillion in cuts, cuts never before seen in modern American history, they threw that out the window because it closed loopholes and
raised revenue. But Cantor and the Conservatives cannot really be worried about raising revenue as their main disapproval; they showed that yesterday
by proposing raises revenue at the expense of college students through the student loan program.
I am sorry these people have alternate motives for what they are doing and it is not opposition to all rising of revenue, their allegiance is not with
us it is without someone else. We already know Cantor would profit from a default due to his investments. 59 Republicans have already said they will
not vote for any debt ceiling raise, period. So now it is time for the rational ones in this debate to throw the Conservatives under the bus here.
They need to push McConnell’s proposal through the House and Senate with the support of the Democrats and Moderate Republicans.