Obama Holds Debt Ceiling Press Conference (VIDEO)

It really is that simple.

Obama is conceding 5-to-1 spending cuts to revenues raised.  The method by which those revenues would be raised is by closing tax loopholes, which, once a program is cut it's gone, but once a loophole is closed, it can easily be opened again or a way around found.  That's why what Obama is doing with Republican­s is kabuki theater, fooling nobody but the most innocent and ignorant of voters.
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