Obama Breaks 3:1 Cuts-to-Taxes Promise
Can the President possibly believe that the Grand Bargain he proposed less than two years ago is somehow a raw deal? He is acting as if that’s the case.
Progressives are once again claiming the problem in deficit negotiations is intransigent Republicans. But looking back at the outlines of the deal the President himself proposed, it’s Democrats who are not negotiating in good faith. This is true in at least two important ways.
First, the President is not abiding by the balanced approach of spending cuts to taxes he identified. In April 2011 the President published his Framework for Shared Prosperity and Shared Fiscal Responsibility, also known as the April Framework.