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Obama: Debt Ceiling Deal Required Tough Concessions By Both Democrats And Democrats Alike

Posted on August 4th, 2011 at 8:17 by John Sinteur in category: News -- Write a comment


A day after signing legislation that raised the government debt ceiling and authorized steep budget cuts, President Obama thanked Democrats as well as Democrats for their willingness to make tough, but necessary, concessions during negotiations. "I’m truly grateful that both Democrats and their Democratic counterparts were able to reach this consensus, accepting an agreement that is far from perfect not just for Democrats, but also for Democrats," Obama said Wednesday of the deal that cut federal spending $2.1 trillion over 10 years but included no revenue increases of any kind. "Lawmakers from across the political spectrum—from moderate Democrats to the more liberal members of the party to dyed-in-the-wool progressives—reached within the aisle and showed the nation that compromise requires real sacrifice from everyone." Obama added that while it may look ugly at times, politics is about Democrats giving up what they want, as well as Democrats giving up what they want, until an agreement can ultimately be reached.

  1. Actually, Democrats won 2:1

    “The liberal agenda came in three parts: First, raise taxes on high-income Americans to limit domestic spending cuts; second, protect the social “safety net,” especially Social Security and Medicare; and finally, cut defense spending to spare (again) domestic programs. Liberals got two of three. They failed on taxes, the Republicans’ litmus test. But they prevailed elsewhere.”

    It’s not a big, hallelujah legislation, but saying that “democrats gave up everything” is a bit of a stretch.

  2. And I didn’t check the link. Now I see it’s an Onion article. Just shows that Onion is one of the most relevant sources for real life news.

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