Reversing course, Obama and his fellow progressives now are letting it be known that they will go along with a short term or temporary increase in the ceiling on the government's economy crushing indebtedness.
They say the change in their position is to allow time to work out the details of a longer term and more comprehensive debt limit increase deal.
That is a disingenuous explanation of what is motivating them . . . or, in simple terms, a lie.
They, and not the public, are in a panic. They fear the possibility of no debt ceiling increase in place by their August 2 deadline and the public noticing on August 3 that the sky had not fallen or given any real indication that it would fall *.
Were this to occur, they foresee it more difficult to frighten the populace sufficiently to cause the kind of stampede necessary to enact their bogus problem solving programs in the future. Who would ever again believe them about anything?
Another fear of his crowd, as shown by this report, is a debt ceiling increase deal that would make it harder to raise taxes in the future.
Also, the American Spectator has this good on line piece about the politics of the debt increase.
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* Note: Our President apparently doesn't expect the sky to have fallen or to be falling on August 3. That's when he is throwing himself a New York City bash to mark his 50th birthday with his fellow citizens or, at least, those able and willing to pay $38,500 a couple to celebrate the event with him.
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