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Ezra Klein “When it comes to the debt ceiling, the White House has a credibility problem. Their plan is to simply refuse Republican demands to negotiate over the debt ceiling. But for that plan to work, Republicans need to believe the White House won’t negotiate over the debt ceiling. Otherwise, they’ll refuse to raise the debt limit, assuming that as we get closer to actually breaching the ceiling, the White House will be forced to the table.

At the moment, Republicans don’t believe the White House. Nor does the media. Or, really, anyone. This White House is seen as almost congenitally unable to resist negotiations. At today’s news conference, Bloomberg’s Julianna Goldman put the question directly to President Obama:

‘I just want to come back to the debt ceiling, because in the summer of 2011, you said that you wouldn’t negotiate on the debt ceiling, and you did. Last year, you said that you wouldn’t extend any of the Bush tax cuts for the wealthy, and you did. So as you say now that you’re not going to negotiate on the debt ceiling this year, why should House Republicans take that seriously and think that if we get to the one-minute-to-midnight scenario that you’re not going to back down?'”

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/14/on-the-debt-ceiling-the-white-house-has-a-credibility-problem/

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