Obama drops his facade of bipartisanship
During the debt ceiling negotiations, President Obama made an offer to Speaker of the House John Boehner that was the epitome of reasonable:: in return for lifting the debt ceiling, Obama proposed a $4 trillion reduction in federal deficits over ten years, split roughly 2-to-1 between spending cuts and revenue increases, with little to none of the cuts occurring in the next two years. Boehner, having waited for this sort of middle-of-the-road compromise for weeks, quickly accepted. And for a moment, I thought it was all going to work out.
- What oil subsidies?
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