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Recommend “Steve Kornacki” - Does Obama realize that a "grand bargain" would be fool's gold? (Email)

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Repeat after me: Voters don't care about deficits -- no matter what they say

Steve Kornacki

July 11, 2011

http://www.salon.com/news/politics/war_room/2011/07/11/obama_grand_bargain

Republican leaders pretty much made it clear over the weekend that a "grand bargain" on long-term deficit reduction is out of the question right now, thanks to their base's absolute unwillingness to accept tax increases of any kind. But President Obama is apparently still pushing for one anyway. Per the New York Times:

White House officials said Mr. Obama was still determined to pursue the boldest package possible — one that would require new tax revenue as well as cuts in Medicare and other entitlement programs — but he faces steadfast opposition from Republicans and growing qualms among Democrats.

The question of why Obama, who dramatically put the grand-bargain concept on the table last week, is doing all of this is an interesting one.


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