I’ll give him an “A” for effort. Press Secretary Jay Carney tried hard to sell the debt deal yesterday.
He praised it for “lifting the cloud of uncertainty over the economy.” He called it a “victory for the American people.”
But a lot of Democrats just weren’t buying. And with good reason.
Yes, it’s good we won’t have to fight over the debt ceiling again in 2012. But it’s not a victory when the price for that is $1 trillion in immediate budget cuts – with nothing on the revenue side.
It’s not a victory when a Super Committee is charged with finding another $1.5 trillion in debt reduction by Thanksgiving – again, with only the possibility, but no guarantee, of new revenue from closing loopholes or getting rid of subsidies.
And it’s not a victory when Congress is forced to vote on a balanced budget amendment to the Constitution – which is nothing but a right-wing talking point that no economist takes seriously.
The closer you look at this deal, the more you realize Carney got it only half right.
The debt deal’s a victory, all right. A victory for the Tea Party. Democrats are the big losers.
That’s my parting shot for today.