So Obama is caving to make last minute deal with GOP to avert default?

[MN TN]

Am I reading this correctly?
To end debt crisis, it appears Obama is letting them have all of their spending cuts with no tax increases to the super rich!!
http://news.yahoo.com/attempt-debt-limit-deal-avert-default-035048587.html
It appears that they are getting their way by refusing to budge with no compromise on their part.
Doesn't Obama realize that GOP will also lose if country goes into default?

CNN poll says 64% of Americans want a mix of both spending cuts and tax increases.
See: http://www.cnn.com/2011/POLITICS/07/30/debt.talks/index.html
Then schroll down.

[pnwmom]

1. It's not over yet. Those tax cuts will expire unless there is a vote

across both houses to keep them.

[MN TN]

3. What tax cuts expiring?

Are you talking about the Bush tax cuts?
I'm talking about huge spending cuts.

[pnwmom]

7. Yes, there will be spending cuts -- plus tax increases, too

in a year and a half when the Bush cuts expire -- unless both the House and Senate vote to extend them.

[digitaln3rd]

8. You think they're actually going to let them expire?

What evidence is there that they'll do this?

[pnwmom]

23. All they would have to do is NOTHING. Given how impossible

it has been shown to raise taxes any other way, including closing loopholes, I think they are likely to just let this go.

[Pholus]

13. Yup, been there, done that. Look what happened.

[Skittles]

2. Obama really, really wants repukes to like him

[MN TN]

5. Since 64% of voters want both spending cuts and tax increases

Obama had better start thinking about the rest of us!

[emulatorloo]

17. The rest of us need to get the TeaBaggers out of Washington in 2012

If we want to see revenue increases.

[CakeGrrl]

10. That crap is really tired. -nt

[Skittles]

24. no, OBAMA'S CRAP is really tired

[sfwriter]

4. I think they should have negotiated with Obama over revenue increases...

This could play out to be their greatest blown chance on the GOP side. Obama would have settled for far less than if the cuts expire.

As to the cuts, Obama will do it to appeal to "independent voters" whatever the hell they are. Unfortunately, people who wait until the last weeks of a presidential election to decide WHO they side with will NEVER HEAR that Obama cut anything. Their radios will tell them hes a big-spending socialist and that's it.

[McCamy Taylor]

6. Well, the title of this thread sure makes its point. How about "Seniors will get their checks thank

to our presidents hard work and determination?" Or maybe "In the midst of the partisan bickering, Obama seems to be the only one who knows or cares that pensions will not be paid if the two parties do not stop arguing?" No, those would not portray Obama as a spineless turncoat who almost certainly would run as a Republican in 2012 if only he could make it through the GOP primary....

[B Calm]

9. Sickening. . .

[DCBob]

11. its called negotiating.. its how things get done in washington.

something many of you have no clue about apparently.

[MN TN]

15. That's not negotiating. Its called letting the Repubs have their way

It would severely harm the whole economy and both parties not to raise the debt limit.
2/3rd of Americans want both spending cuts AND tax increases.

[emulatorloo]

19. Then those 2/3rd of Americans should vote out the extremists Republicans in 2012

Rather than allowing more of them to get elected like in 2010.

[WinkyDink]

12. I gotta invite him to a poker game.

[Kablooie]

14. Maybe. Maybe not. No one knows yet because it's not over.

[MN TN]

16. Its almost over - Article entitled "Last attempt . . . to divert default"

[maryellen99]

21. I don't think it is over either

I still think we are going to default. The next week is going to be very interesting.

[Marrah_G]

18. He never wanted a tax increase, anyone who thinks he did is a fool

[emulatorloo]

20. Explain to me how you get the "Taxed Enough Already" House to vote for revenue increases?

That is the hard reality. 2010 election had consequences.

[Pholus]

22. So why did the 2008 election NOT have consequences?

Sorry, the current crowd would be handing out excuses even if they had a supermajority everywhere.

It's the nature of the beast right now.