Keith Koffler, editor of the White HouseDossier, has an opinion piece up at Politico. In light of the fact that the burden of U.S. unfunded liabilities now amounts to $1,045,468 per taxpayer, we enjoy the cleverness of the title, though not its many implications:
... no one knows at what point the markets will give up on the United States and determine that we are about as serious about curbing our spending bender as an alcoholic mixing cocktails at a 12-step meeting.
The White House blames Republican intransigence for the failure to make meaningful cuts to the deficit, charging that House Speaker John Boehner (R-Ohio) walked away from a deal last summer.
But the job of a president is not to harrumph with indignation. It is to solve intractable problems, to knock heads together, to clear a way through the partisan thicket.
This president was sold as someone who could rise above Washington’s partisanship. Instead, he’s supervising it.
.... Even if one believes long-term cuts in entitlements must be paired with short-term stimulus to revive the moribund economy, where is Obama’s proposal to do this? Why isn’t he holding urgent discussions with members of Congress on the $1.2 trillion in deficit reduction that Congress will have to find by the end of the year?