All that happened in public on Friday regarding the debt ceiling debate was President Obama's press conference. He continues to hope for the grand deal that will solve the debt and deficit shortfall for the next decade or more, but he seems prepared to accept a deal of about a trillion in cuts along with the debt ceiling rise, still hoping at least for those middle class payroll tax cut and unemployment insurance extensions. He made a simple but persuasive case that the Eric Cant/John Banal insistence on two and a half trillion in cuts with no new revenue is functionally impossible, and not a serious proposal. He noted that polls show overwhelming support among "the American People"--using the words that Banal and Cant misuse to justify their loony positions--for a mixed approach of cuts and new revenue.
Here's the USA Today report on the press conference; here's one from Time. I furnish these as a public service, noting that the twitterized blogs and cable stations offer only opinions, with the slimmest of sound bites, if any. You still have to go to print publications and their staffs for actual reporting, and you have to pretty much go to C-SPAN or the White House site to see the press conference or read the transcript.
That's disturbing on a lot of levels. One of the cable shows led with the headline that President Obama was again portraying himself as the only adult in the room. I think a half hour spent with the press conference is convincing evidence that he is the only adult in just about any room in Washington:
"Look, we’ve been obsessing over the last couple of weeks about raising the debt ceiling and reducing the debt and deficit. I’ll tell you what the American people are obsessing about right now is that unemployment is still way too high and too many folks’ homes are still underwater, and prices of things that they need, not just that they want, are going up a lot faster than their paychecks are if they’ve got a job.
And so even after we solve this problem we still got a lot of work to do... My point is that those are a whole other set of issues that we need to be talking about and working on. I’ve got an infrastructure bank bill that would start putting construction workers back to work rebuilding our roads and bridges. We should be cooperating on that...
So there will be huge differences between now and November 2012 between the parties, and whoever the Republican nominee is, we’re going to have a big, serious debate about what we believe is the right way to guide America forward and to win the future. And I’m confident that I will win that debate, because I think that we’ve got the better approach. But in the meantime, surely we can, every once in a while, sit down and actually do something that helps the American people right here and right now."
"I am going to keep on working and I’m going to keep on trying. And what I’m going to do is to hope that, in part, this debate has focused the American people’s attention a little bit more and will subject Congress to scrutiny. And I think increasingly the American people are going to say to themselves, you know what, if a party or a politician is constantly taking the position "my way or the high way," constantly being locked into ideologically rigid positions, that we’re going to remember at the polls.
It’s kind of cumulative. The American people aren’t paying attention to the details of every aspect of this negotiation, but I think what the American people are paying attention to is who seems to be trying to get something done, and who seems to be just posturing and trying to score political points. And I think it’s going to be in the interests of everybody who wants to continue to serve in this town to make sure that they are on the right side of that impression.
And that’s, by the way, what I said in the meeting two days ago. I was very blunt. I said the American people do not want to see a bunch of posturing; they don’t want to hear a bunch of sound bites. What they want is for us to solve problems, and we all have to remember that. That’s why we were sent here."
Here's how President Obama ended the press conference:
"But we're running out of time. That's the main concern that I have at this point. We have enough time to do a big deal. I've got reams of paper and printouts and spreadsheets on my desk, and so we know how we can create a package that solves the deficits and debt for a significant period of time. But in order to do that, we got to get started now. And that's why I'm expecting some answers from all the congressional leaders sometime in the next couple of days.
And I have to say this is tough on the Democratic side, too... if you are a progressive, you should be concerned about debt and deficit just as much as if you're a conservative. And the reason is because if the only thing we're talking about over the next year, two years, five years, is debt and deficits, then it's very hard to start talking about how do we make investments in community colleges so that our kids are trained, how do we actually rebuild $2 trillion worth of crumbling infrastructure.
If you care about making investments in our kids and making investments in our infrastructure and making investments in basic research, then you should want our fiscal house in order, so that every time we propose a new initiative somebody doesn’t just throw up their hands and say, "Ah, more big spending, more government."
It would be very helpful for us to be able to say to the American people, our fiscal house is in order. And so now the question is what should we be doing to win the future and make ourselves more competitive and create more jobs, and what aspects of what government is doing are a waste and we should eliminate. And that's the kind of debate that I'd like to have."
The only other development on Friday was the House leadership announcing that there will be a series of symbolic votes next week before any real vote on whatever deal that gets agreed to, an obvious sop to the Rabid Right members. That deal is being worked out now supposedly, since everyone at the table in those White House meetings has agreed that the country going into default is not an option.
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The phenomenon known as the Hollywood Blacklist in the late 1940s through
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