President Obama doesn’t like the GOP’s “Cut, Cap, and Balance” plan. He prefers his own plan, which is, um, well, he’ll get back to you on that one.
Throughout the day, White House officials slammed the Cut, Cap and Balance plan.
The plan “is an extreme version of a constitutional amendment that would cap government spending and require a two-thirds supermajority to cut tax loopholes or take other steps on revenue,” Jason Furman, the deputy director of Obama’s National Economic Council, announced on the White House blog this morning.
In contrast, he wrote, “the President is pushing everyone to come to the table, put politics aside, work through our differences and prove to the American people that we can still do big and difficult, but necessary things.”