On the debt ceiling debate, this seems to me a good sign (from the New York Times today):
“We don’t need a minideal,” Senator Richard J. Durbin of Illinois, the No. 2 Democrat, said Wednesday on the Senate floor. “We need something that speaks authoritatively to the world that the United States understands its deficit challenge and is prepared to make the hard choices to address it.”
And President Obama appears to be swinging for the fences in a grand gesture (again, according to the New York Times):
Mr. Obama, who is to meet at the White House with the bipartisan leadership of Congress in an effort to work out an agreement to raise the federal debt limit, wants to move well beyond the $2 trillion in savings sought in earlier negotiations and seek perhaps twice as much over the next decade, Democratic officials briefed on the negotiations said Wednesday.
Barack Obama appears to be on the path that Democratic Governor Jerry Brown has recently taken in California (in which painful but honest budget decisions were made, and the state’s deficit substantially reduced). It’s good politics, and it will put President Obama on a road to probable reelection. Nobody wants to live in a state or country that appears to be going broke.
My bet is that Obama will win a grand deal over the next month and there will be smiles all around.
Overall, Barack Obama has proved to be a pretty darn good president, don’t you think?