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.