Can someone tell me what Obama's current position is r/e debt ceiling?

[BlueCheese]

What does he want out of the current negotiations? I'm kind of confused right now.

At first I thought he wanted to simply get the debt ceiling raised while giving up as few spending cuts as possible. But then he started talking about grand bargains and $4 trillion in taxes and spending cuts, including those to social safety net programs.

So would he sign a clean bill that raises the debt limit and does nothing else? It sounds like he rejected such an approach when Cantor proposed it. Maybe it was too short-term? But he's also talking about bigger is better, and how we have a unique opportunity to do something extraordinary.
Would he sign a grand bargain that raises some taxes and cuts Medicare, Medicaid, and Social Security?
Would he sign something that cuts about $2 trillion, as has apparently been talked about in the Biden-led discussions?

Does anyone here know?

[TheWraith]

1. He's suggested a "clean" bill to raise the debt ceiling, no preconditions.

He's also "offered" a deal to lower the deficit by $4 trillion over ten years, not that the Repubs are going to agree.

He's also said that he will veto any short-term debt extension ceiling bills which would move the problem down the road a few months or a year.

[BlueCheese]

2. How long does a clean bill extend the debt ceiling?

I keep reading that the limit was raised seven times when Bush was president. That sounds like about once a year. Is a year acceptable?

[dennis4868]

3. I know people here don't like....

Lawrence O'Donnell anymore because he does not keep to the PL narrative but he has explained this on his last 2 shows...great stuff!

[BlueCheese]

4. Can you summarize what he said?

I don't have TV...

[dennis4868]

5. Go to the MSNBC website...

they have videos of all the shows...enjoy! :-)