Obama: No Deal on Debt Ceiling Unless Republicans “Budge” on Taxes

I’m not sure he’s said this quite so definitively before this morning’s press conference.

President Obama said Monday that he had “bent over backwards” to forge a compromise with Republicans on a debt limit deal – and that it was time for them to “budge.”

“I am prepared to take on significant heat from my Party to get something done and I expect the other side to be willing to do the same thing,” he said. […]

“I do not see a path to a deal if they do not budge, period,” he said. “They are going to have to compromise just like Democrats are willing to compromise, like I have shown myself willing to compromise.”

The word “budge” is unfortunate, but probably accurate. Democrats will give Republicans 98% of what they want to get 2% in return.

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