Obama Feels ‘Supremely Confident’ About Debt Deal

Obama Feels ‘Supremely Confident’ About Debt Deal
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Recently, business leaders from across the country have met with President Obama and been briefed on where the “fiscal cliff” negotiations stands.  According to a Politico article, the President seems “…supremely confident that he’ll come out on top of a fiscal cliff deal — with Republicans bending to his will on tax increases for the wealthy and Democrats sucking up deep spending cuts.”

Recently, President Obama has been launching a major public campaign to sell his vision to Americans and there seems to be no end in sight.  With his Second Inaugural Address and fifth State of the Union approaching, the President has insurmountable platforms from which to speak to the American people.

However, according the to the same Politico article, “Obama knows that Republicans, by contrast, will have to get some significant spending concessions in order to sign off on tax increases and may resist a debt limit bump. If they don’t get real cuts, Republicans, including many key senators up for reelection in 2014, face increased prospects of bitter primary challenges. A deal with a small rate increase coupled with spending cuts would be much easier to sell to conservative constituents as an act of fiscal necessity.”

Read the full Politico article here.

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