The president made his comments to the National Council of La Raza on Monday as congressional leaders struggled against time to come up with a plan to meet an Aug. 2 deadline to raise the nation's debt ceiling.◼ Obama kills bipartisan deal, then Reid resorts to smoke and mirrors - Endorses New Plan with 'Sham' Savings... - Jennifer Rubin/Washington Post via Drudge
Senate Majority Leader Harry Reid is devising a sham that will never pass muster in the House. A Capitol Hill source with knowledge of the plan tells me: “It includes $1.2 trillion in OCO [Overseas Contingency Operations] savings . . . which was assumed anyway, $1.2 trillion (over $1.1 trillion less than [Majority Leader Eric] Cantor identified in the Biden talks) and $300 billion in interest savings.” A Senate aide says dryly that Reid “has about a trillion in ‘savings’ from ending the war in Iraq that’s already going to end.” And a disgusted House adviser bluntly tells me that Reid’s plan “isn’t real.”◼ 'Cuts' include money not spent in Afghanistan over next 10 years... - FOX
We shouldn’t be too harsh on Reid. HE DID reach a bipartisan deal with the House. But the president squashed it. (Note to Congress: Next time don’t ask, just pass it and leave town.) Now we are back to gamesmanship.
◼ BOEHNER: Plan 'full of gimmicks'... - AP
