President Barack Obama talks about the ongoing budget negotiations on Monday in the briefing room of the White House in Washington.
published Monday, July 11th, 2011
It had to come to this. After getting his nose bloodied every time he offered Republicans a reasonable compromise on debt reduction -- balancing spending cuts and tax offsets -- President Obama finally had to acknowledge that there will be no budget compromise short of a plebiscite. That, apparently, will come in the 2012 elections.
