I was bothered all last night after seeing somewhere (The Ed Show?) that a two year elimination of the debt ceiling might be part of the Fiscal Cliff agreement. What happened to President Obama’s resolve that he wasn’t going to allow the Republicans to extort the United State in this way in the future? Apparently, I was taken in when I wrote, Why the Debt Ceiling is No Problem. He seemed so convincing. But it appears that he was just bluffing and we have the usual Democratic Party president: limped dick and badly in need of a belief system.
I’m not the only one to notice this. Matt Yglesias wrote earlier today:
If I could depend upon allies like the president, I would become a Republican. Then I might get the policy I want!