Obama’s confusing debt ceiling gambit

Published June 29, 2011 4:00am ET



The Obama administration’s position on the debt ceiling continues to get more confusing. At his press conference today, President Obama called out Republican congressional leaders who walked out of negotiations with Vice President Joe Biden last week, declaring, “They need to do their job.”

“If everyone else is willing to take on their sacred cows and do tough things in order to achieve the goal of real deficit reduction, I think it will be hard for Republicans to stand there and say a tax break for corporate jets is sufficiently important that we’re not willing to come to the table and get a deal done,” the president said.

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