Two interesting developments emerged tonight. The first is that the Grand Bargain appears dead. Interestingly, and contrary both to public reports and the tenor of President Obama's press conference, Obama himself drew a line. The two sides had at some point discussed a deal that would raise $800 billion in revenue over the next decade -- a terrible deal, no more than Obama would gain by fulfilling his promise to veto more Bush tax cuts for income over $250,000 a year. The two sides dispute the degree to which they ever agreed on this level.It seems likely that John Boehner tried to sell...
Source: http://www.realclearpolitics.com/2011/07/23/the_president_finally_gets_mad_259905.html
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