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View Diary: The White House Rejects Solutions to the Mess it Made. We Will Pay for it With Austerity (220 comments)

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  •  Obama does not want an out. (5+ / 2-)

    But he lacks the balls to just say so.  If Obama should need to avoid default he has the means to justify doing so. He is still fishing for his grand bargain and his failure to get it in 2011, and the failure of his sequester and super committee to make it happen.

    Republican and Obama want entitlement cuts.  And both are willing to risk economic calamity to avoid being tagged with full responsibility for doing it. It was, and remains, about Obama's Grand Bargain.

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