littlewonder
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ETA-This is Kana. I've switched locales and now surf Mousenet. Just follow the trail of cheddar! quote:
ORIGINAL: mnottertail Ah, the big O? Let's try to suss out the excerpt and the yellow journalism here: They turned to [White House national economic council director Gene] Sperling for details about a compulsory trigger if they didn’t cut spending or raise taxes in an amount at least equivalent to the debt ceiling increase. “A trigger would lock in our commitment,” Sperling explained. “Even though we disagree on the composition of how to get to the cuts, it would lock us in. The form of the automatic sequester would punish both sides. We’d have to September to avert any sequester” — a legal obligation to make spending cuts. “Then we could use a medium or big deal to force tax reform,” Obama said optimistically. “If this is a trigger for tax reform,” [House speaker John] Boehner said, “this could be worth discussing. But as a budget tool, it’s too complicated. I’m very nervous about this.” “This would be an enforcement mechanism,” Obama said. Who is they? The quote is excerpted by The Washington Post from Bob Woodward's book called The Price of Power, page 215. I'm not sure I would go calling that Yellow Journalism, the Post is a pretty reputable paper and Woodward made his bones ages ago during Watergate. Not to mention that this is a paper and a reporter who, if they have biases, tend towards the left. If anything, one would expect them to err on Obama's side, not nail him. I don't own the book, and while I hate to resort to it, I'm feeling lazy and not up to lots of digging so I'm gonna cite Wikipedia, which excerpts the book. I'm also going to make sure to include the part of the quote where that Boehner agreed to the sequester, so he ain't exactly blameless in this here boondoggle: "The solution came from White House National Economic Council Director Gene Sperling, who, on July 12, 2011, proposed a compulsory trigger that would go into effect if another agreement was not made on tax increases and/or budget cuts equal to or greater than the debt ceiling increase by a future date. Ultimately, the intent of the sequester was to secure the commitment of both sides to future negotiation by means of an enforcement mechanism that would be unpalatable to Republicans and Democrats alike. President Obama agreed to the plan. House Speaker John Boehner expressed reservations, but also agreed."
< Message edited by littlewonder -- 7/11/2013 3:51:23 PM >
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