I think President Obama managed to find a way to totally cave to the Republicans (reducing the deficit by $4 Trillion entirely through spending cuts, with no increase in tax revenue) and yet get the Democrats to vote for it.
He did this by leaking to the press that he is willing to add cuts to Social Security and Medicare to the debt-ceiling negotiations.
Democrats in Congress reacted predictably, by speaking out forcibly and warning the President that they won't accept ANY cuts to Social Security or Medicare benefits!
Obama will then "reluctantly" back off any entitlement benefit cuts, and present the Democrats with a debt reduction plan that they normally wouldn't have accepted (all cuts, no revenue increases), but now, relieved that they protected Social Security and Medicare, they will vote for the agreement, an agreement that will probably insure high unemployment for years to come, falling wages, and a very weak economy for the foreseeable future.
--Trakker
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