Monday, July 25, 2011

No Short Term Deal

President Obama will veto a short term debt ceiling increase because it "could put our credit rating at risk and leave the cloud of uncertainty over the American people." His threat has nothing to do with his reelection campaign, despite his earlier phrasing that any deal would have to extend "past the 2012 elections." He has dropped that unfortunate terminology and is now saying it must extend "into 2013."

Let me find my hip boots, because it is getting deep in here.

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