Obama goes for broke - literally
President Obama has emerged from talks with Republicans about cutting the massive federal debt and thrown down the gauntlet, daring the GOP to oppose his plan for additional stimulus measures and tax hikes.
A recipe for disaster:
With the country still struggling to emerge from the deepest recession since the 1930s, Obama said Congress needs to take steps to bring down the 9.1 percent unemployment rate even as it weighs medium-term austerity measures.
"There are more steps that we can take right now that would help businesses create jobs here in America," he said.
Those measures likely would add hundreds of billions of dollars to budget deficits at a time when the White House and lawmakers are trying to narrow them by more than $1 trillion.
Congressional Republicans, determined to cut spending, say additional stimulus have no place in the debt ceiling talks.
"The president's remarks today ignore legislative and economic reality," said Republican House of Representatives leader John Boehner. "The president is sorely mistaken if he believes a bill to raise the debt ceiling and raise taxes would pass the House. The votes simply aren't there."
Weirdly, he compared his daughter's school work to the work of bringing sanity back to federal spending:
Since deficit-reduction talks collapsed last week, Republicans and Democrats have made no progress on a deal to allow Congress to extend the government's borrowing authority.
But Obama, invoking the example of his daughters Sasha and Malia, told Congress to do its job: "They don't wait until the night before. They're not pulling all-nighters. They're -- they're 13 and 10. You know, Congress can do the same thing."
So from here on out, it's a battle to blame the other guy for failure to achieve any budget cuts and raise the debt ceiling. Invoking the example of his children only shows the president to be wildly out of touch and just not serious about cleaning up the mess for which he is largely responsible.