Friday, July 15, 2011

Debt Duel - Obama v. Cantor - Progressives v. Everyone Else

" Stupid Bush. . . . Stupid Congress . . . This is a Big Deal . . . Joe! Wait up, Joe!" ( Photo from Gateway Pundit)

“The meeting ‘ended with the President abruptly walking out of the meeting,’ Cantor told reporters after the session,” per the New York Daily News. "I know why he lost his temper. He's frustrated. We're all frustrated."

The New York Post: “Angry Obama walks out on debt-limit talks.”
The Hill: “Obama warns Cantor: 'Don't call my bluff' in debt-ceiling talks”

Roll Call: “As news broke late Wednesday that Moody’s Investors Service was mulling a downgrade of the U.S. government’s triple-A credit rating, Congressional leaders emerged from a ‘tense’ White House meeting that ended abruptly after a heated exchange between President Barack Obama and House Majority Leader Eric Cantor (R-Va.).”

The Wall Street Journal: "Moody's Investors Service said it was reviewing the government's top Aaa bond rating for a possible downgrade, citing the ‘rising possibility’ that the government's $14.29 trillion borrowing limit won't be raised soon enough to prevent the U.S. from running out of money to pay its bills."
Stu Rothenberg’s take: “Fundamentally, the two parties are fighting over values, not dollars. … [I]n reality, what we are witnessing is nothing less than a fight over the role of government. And it is much harder, if not impossible, to “split the difference” on these kinds of matters of opinion.”

In sum, here it is . . .
Who wins?

No comments: