Being held hostage - Debt Ceiling
"We extended the tax cuts to the wealthy that will do nothing to stimulate the economy out of the financial down turn. This extension does add to the deficit problem facing this country; as does the additional spending provisions of extending unemployment insurance, temporarily reducing employment taxes and other spending provisions. Obama effectively said to the Republicans, "I will let you spend more, if you let me do the same." In other words he caved into the hostage takers. Guess what, the hostage takers will be back." Free Our Free Markets, December 23, 2010Obama deserves some of the blame for the hostage situation we are in. The Republicans were successful once so they are trying again.