Former Congressional Budget Office director Douglas Holtz-Eakin, appeared on CNBC this morning. He panned the White House’s insistence on granting President Obama a blank check that gets him past the 2012 election. “The president doesn’t want to talk about his record of debt between now and and the election and everyone knows that.”
White House Is Making Political Argument “Wrapped In Economic Clothing.” “Look, to my eye this has all been political. The desire to get to 2013 can get wrapped in economic clothing but it’s fundamentally a political argument. The president doesn’t want to talk about his record of debt between now and the election and everyone knows that. They had a deal. And the deal was sitting there, waiting to be taken, and at the moment when they could get the deal they pushed for more taxes, which is a political argument at the expense of less entitlement reform, which is the substantive problem.”
