Debt Ceiling Talks Break Down….Again; Obama – Tax Hikes not “some wild-eyed socialist position”
Talks broke down on the debt deal…again, and we all know why. The Democrats were upset about the deal Obama was about to make so at the last minute he moved the goal posts and expected the Republicans to cave. Didn’t happen:
[Boehner] said the two sides had agreed on an unspecified amount of revenue to be included in deficit reduction, achieved by broadening the number of Americans who pay taxes and lowering general tax rates. But he said President Obama on Thursday demanded another $400 billion in revenue, which Boehner said “was going to be nothing more than a tax hike on the American people.”