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December 26, 2012

Maria Bartiromo Becomes First Journalist In American History To Ask What Democrats Are Prepared To Do To Achieve A Compromise

So it can be done after all!

First of all, we're going to hit the debt limit on Monday. The Treasury will take a series of measures, such as delaying schedule payments to pension funds, to make $200 billion in breathing room.

"These extraordinary measures ... can create approximately $200 billion in headroom under the debt limit," Treasury Secretary Timothy Geithner wrote in a letter to congressional leaders.

Normally, these measures would buy the Treasury about two months time before hitting the debt ceiling, Geithner said in the letter. But a series of planned tax hikes and spending cuts due to take effect in early January could give Treasury further time if they take effect as scheduled, he said.

Since The Media is supposedly in favor of "compromise," it's curious that they never ask Democrats how they might be prepared to compromise.

Maria Bartiromo actually did ask a Democrat that, Sen. Ben Cardin.

Answer: He's not willing to compromise on anything. His Plan A, Plan B, Plan C, and Plan D are all the same: Higher taxes.


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