Most especially: where is the increase in the debt limit? If you reduce current tax collections you increase the debt the government has to sell. Any reduction in current tax collections should have a debt-limit increase attached to it automatically. I thought this deal had one. But it does not. Why not?
Dan Frommkin
Concession On Tax Cuts Sends Obama Fans To New Level Of Despair: Brad DeLong, an economics blogger and Clinton administration Treasury official, told HuffPost Tuesday:
The thing that's disappointing is the level of tactical professionalism that the core Obama White House has exhibited..., I would expect a much greater recognition of the tactical realities of the ground on which they work than they appear to possess.... My impressions was that the Clinton team had a much, much firmer grasp of what was attainable and what was not, and where to push and where not to."
As for Obama's jabs at progressives at the press conference: "That's not effective coalition maintenance," DeLong said.
Published on December 07, 2010 15:07