Paul Ryan Hits It on the Head
Apparently Paul Ryan now thinks sudden and harsh austerity measures are disruptive and traumatic to the economy. I’m sure he’s re-writing his past two budgets as we speak.
But here’s the key line that Ryan slips in. Listing previous examples of presidents negotiating over the debt ceiling, he includes:
Two years ago, Mr. Obama signed the Budget Control Act, which swapped spending cuts for a debt-ceiling hike.
Ha! So the “negotiating” Obama did during the debt ceiling debacle two years ago—at gunpoint—is now being used as a precedent to force him to “negotiate” now—at gunpoint. That’s exactly why Obama’s not negotiating now.