I listened with great care to Mr. Obama’s and Mr. Boehner’s renditions of what is going on. I listened to them again this morning. Here is my opinion of the bottom line.
The White House, the House Minority Leader and the Senate Leader have made compromises. The President has called for cuts amounting to almost $4 trillion in the next ten years, something fiscal conservatives were originally seeking. The President wants to take the debt ceiling discussion out of the 2012 campaign as an issue and increase the debt ceiling by $2.4 trillion. He is asking those who can afford paying higher taxes to pay their fair share, that businesses that are making billions in profits pay their fair share, and that money speculators, who add nothing to output of this country, pay their fair share.
Mr. Boehner is talking about a one year debt increase of $1.4 trillion, deep cuts with no increase in revenues, while taking the issue of the debt ceiling into the political arena once more as a 2012 campaign issue.
National polling shows almost 80 percent of Americans agree with compromise. Compromise is not a cuss word… at least not yet.
What is keeping those on Boehner’s side of the aisle from compromising? It appears that the Republican Party is being held hostage.
Read more: Who is holding the Republicans hostage?