From The Hill:
President Obama could agree to a short-term hike of the debt ceiling if there are concrete plans in place to move quickly with a grand bargain, the White House said Wednesday.
White House press secretary Jay Carney stressed that Obama is opposed to temporary increases to the U.S. borrowing limit, but he opened the door a crack, saying that Obama could agree to something short-term in order to give lawmakers time to finalize a deficit-reduction plan like the one unveiled by the bipartisan Senate Gang of Six.
The Gang of Six offered a $3.7 trillion deficit-reduction package that won quick bipartisan support in the Senate, but even members of the group said it is doubtful the plan could be scored and translated into legislative language by the Aug. 2 deadline for raising the $14.3 trillion debt ceiling.
Carney acknowledged “overwhelming odds,” but insisted it was still possible move a big deal through Congress before Aug. 2.
“There is still time to do something significant, especially if all the parties are willing to compromise,” Carney said.
He added: “I’m not laying bets that it’s going to happen. But it would be a failure of leadership not to try just because the odds are overwhelmingly against it.”
Read the whole thing here. The “Gang of Six” Plan isn’t remotely serious. Not. Remotely. Serious. Its a transparent attempt to shift focus away from the House’s “Cut, Cap and Balance” Plan passed last night. And, to create the veneer that Obama has any kind of plan, which he most certainly does not. Why so many GOP Senators would go along with it beyond us. Senators must be drawn from a different gene pool.