9:49 AM
Julio Barreto
President Barack Obama needs to end negotiations immediately. The time for talk is over. It is time to get a deal done and it is clear these individuals can’t get agree on anything. We are at a point where saving face is as important as getting a credible deal done. It is time to move on.
When everyone convenes Thursday, the president should tell all in attendance that he appreciates their effort, but there is not enough time to put together a deal that addresses the deficit and inflicts the least amount of pain on Americans. He should say he will only accept an unconditional increase in the debt ceiling.
He should say after he receives this authority, he will submit the findings of his deficit commission to Congress in legislative form. The recommendations provide for a balanced approach to the deficit everyone seeks. The recommendations enjoyed bipartisan support and will then be the starting point for new negotiations
He should then publicly announce his decision and instruct his staff to prepare for the United States to default if Republicans reject him.
It is not the perfect solution but everybody wins in the end.
Interesting Read
Top Republicans Clash over Debt-Limit Plan
By Paul Kane and Lori Montgomery
The Washington Post
With no Debt Deal, Obama Would Face Tough Choices Aug. 3 About What Bills to Pay
By Zachary A. Goldfarb
The Washington Post
Warning to Washington: Don’t Mess with the Debt Ceiling
By Bill Gross
The Washington Post
Debt talks blow up: The August debt ceiling showdown breaks along two fronts: the political forces of 2010 vs. 2012.
By: David Rogers
Politico
GOP lacks a lead Messenger : Republicans are searching for a national figure who can go toe to toe with Barack Obama.
By: Jake Sherman
Politico
Cantor risks overplaying hand: He faces consequences both if debt negotiations fail or if he cuts a soft deal with the president.
By: Jonathan Allen
Politico
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