"The consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved."
That sounds pretty reasonable to me. But it was clear from Obama's combative remarks Monday, with disturbing illusions of hostage-taking, ransom demands and "a gun at the head of the American people," that he's looking for a political fight, that his campaign isn't over, and that this is the way he's going to govern for the next four years.
He repeated his annoying re-election boast, which he's made quite often since Election Day, that "the American people agreed with me."
"So they've (the Republicans) got a particular view of what government should do and should be. And, you know, that view was rejected by the American people ..."
Well, the American people also voted to keep the House in Republican hands by a decisive margin. Don't they have a say in this, too? Apparently Obama doesn't think so.
Boehner sincerely believes that blocking the debt-ceiling hike cannot be an option in any discussion about the size of the budget, and has said that a government default on our debt would have a calamitous effect on our economy.
But this doesn't mean a reasonable agreement can't be reached that cuts spending by the same amount we raise the debt ceiling -- which is what he wants to do.
The irony in all of this -- and let's throw in hypocrisy, too -- is that then-freshman Sen. Obama voted against raising the debt ceiling in 2006 when he was attacking President George W. Bush just about every other day. Here's what he said at the time, according to National Review Online:
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the U.S. government can't pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. ... Increasing America's debt weakens us domestically and internationally. Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
Bush's budget deficit in fiscal 2006 was a tame $242 billion when Obama voted against raising the debt ceiling. It fell to $161 billion in 2007 -- delivering on Bush's promise to cut the deficit -- the year before the great recession hit and tax revenues plunged, boosting the 2008 deficit.
Bush's last four deficits totaled $1.1 trillion. Obama's first four deficits totaled $5.2 trillion.
On Feb. 23, 2009, President Obama promised the American people he would "cut the deficit we inherited by the end of my first term in office."
Not even close. Not only have his record budget deficits remained in the trillion-plus range, but they are expected to stay in that range for the next several years at best and, possibly, for the rest of this decade.
The president is still blaming George W. Bush for his sky-high budget deficits, while others are more accurately calling the mountain of debt Obama has piled up "a failure of leadership."
In the final analysis, the two sides in this debate have been talking past one another. The Republicans want to work out a plan to cut spending and shrink the debt, while Obama seems fixated on shifting the blame, picking a fight and scoring political points.
The latter doesn't sound like leadership to me.
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