Report: Boehner Agrees To Trade Tax Rate Hikes For Entitlement Savings. Obama Says, Thanks For The Tax Hikes But I'll Pass On The Savings

I know it's crazy but maybe, just maybe this big spending, statist really isn't interested in dealing with our spending problems. Shocking, I know.

President Barack Obama is not ready to accept a new offer from the Republican leader of the U.S. the House of Representatives to raise taxes on top earners in exchange for major cuts in entitlement programs, a source said late Saturday.

The shape and details of Boehner's offer were uncertain Saturday night, as was the exact reason the president was prepared to reject it.

The source said Obama sees the offer made on Friday by U.S. House Speaker John Boehner as a sign of progress, but simply believes it is not enough and there is much more to be worked out before Obama can reciprocate.

Tax rates and entitlements are the two most difficult issues in the so-far unproductive negotiations to avert the "fiscal cliff" of steep tax hikes and spending cuts set for the new year unless Congress and the president reach a deal to avoid them.

I don't get why the GOP is negotiating in good faith. Obama isn't. He wants nothing short of absolute surrender. Either give it to him (Let It Burn) or change the terms of the debate drastically.

Pretending that Obama is actually interested in a "balanced approached" is only paying by his rules and Republicans can't win that game.

posted by DrewM. at 03:33 PM

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