Debt ceiling agreement a fair compromise?

Answering today’s question, I realized there are two distinctly different kinds of deals: those that produce new ideas and those that reduce all ideas to the lowest common denominator.

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Arena Asks:Facing the imminent prospect of default, the White House and Senate Republicans worked through Sunday to close a debt ceiling deal that gives President Barack Obama greater certainty in managing the Treasury’s borrowing needs while making a joint commitment to major deficit reduction without any explicit concessions by the GOP on new tax revenues. Is this a good deal? Which side came out ahead?

My Answer: Unlike Franklin Roosevelt’s New Deal, which created an expansive new vision for America, this Obama–Boehner–Tea Party Deal lowers our sights as a nation. It’s a deal in the negative, narrow, horse trading sense of the word. It is a leadership fail all around.

This deal offers no new solutions to the great problems of our day. Who cares which side came out ahead? It’s clear who’s left behind: the American people.

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gloria

3 Comments

  1. Jeanne Craft on August 1, 2011 at 6:21 pm

    The horse trading we are seeing is a vigorous quest for mediocrity. It takes great courage to stand up for cooperation and a vision for the future when the blinded by the “reelection” light. It is so disappointing.

  2. Facebook comments on August 3, 2011 at 10:05 pm

    Gordon Black the more I read, the less I like…

    Deborah Lopez Not fair at all. We just keep taking from the poor and giving to the rich – and no one will stop it. Certainly not this President.

    Kirstin Falk Well said Gloria…

    Esam George Suleiman Dead Ceiling has risen!

    Janie Sperry I couldn’t agree with you more… and on so many issues we are failing America.

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