These guys have no idea what they’re doing…which is no surprise.
From The Washington Free Beacon:
Obama deputy campaign adviser Stephanie Cutter falsely claimed Monday that it was Rep. Paul Ryan (R., Wis.) who killed the “grand compromise” budget deal last summer—but it was President Obama, according to the president himself.
“Ryan killed grand bargain def. red. deal b/c it would help Obama reelection. Politics b4 country, not bold OR courageous,” Cutter wrote on Twitter.
But President Obama said he could not “stomach” the cuts proposed by House Republicans, at a July 22, 2011 press conference.
REPORTER: But they were willing to move on some revenues, apparently.
THE PRESIDENT: Absolutely. But what you saw — and, again, you’ll see this from the description of the deal — essentially what they had agreed to give on is to get back to a baseline — this starts getting technical, but there were about $800 billion in revenue that were going to be available. And what we said was when you’ve got a ratio of $4 in cuts for every $1 of revenue, that’s pretty hard to stomach.
Experts say a ration of $6 in cuts to $1 in revenue is the average ratio for countries who successfully climb out of debt.