Oh you’ll veto, eh? Call his bluff.

From The Hill, the President leading from behind:

The White House on Monday warned President Obama will veto GOP legislation to “Cut, Cap and Balance” spending and the budget.

In a statement of administration policy, the White House Office of Management and Budget labeled the GOP bill as an “empty political statement.”

The House Rules Committee is expected to take up the measure on Monday, and it is likely to receive a floor vote on Tuesday. The measure would cut spending in Fiscal Year 2012 by $111 billion, cap future spending at 18 percent of gross domestic product and approve a balanced budget amendment to the Constitution. It would also raise the debt limit.

Instapundit notes the “coincidental” market tanking in response. Borrowing the media’s favorite economic buzzword, Gold just broke a new record unexpectedly.

Surreal.

GOP: Pass it and let the chips fall where they may.

UPDATE: Ed Morrissey at Hot Air:

A few points seem remarkable here.  Is it really Barack Obama’s contention that a balanced budget, now or in the future, threatens the dignity of retirees?  What basis does he have for claiming that deficits are a necessary component of retiree dignity?  That sounds very much like a demand for eternal deficit spending, with no attempt at any discipline whatsoever.

As far as Obama’s “comprehensive and balanced framework,” CNS News reminds us that the only specific plan Obama has published actually increases deficit spending rather than decrease it

Obama will not willingly decrease federal spending. Make this a central campaign issue. Fight him. And win.

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2 Responses

  1. Call his bluff.

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