Progressives Recoil At Reported Debt Ceiling Deal

From Talking Points Memo:

Progressive groups are speaking out against the debt ceiling deal currently being hashed out in Washington. The response from two of the nation’s largest organizations goes essentially like this: really?!?

Progressives are more than a little upset that the deal does not include new revenues upfront, a line in the sand President Obama drew early on in the process and apparently had to abandon as the cogs of the legislative machinery turned hours before the nation went into default. They’re casting the deal outlined on the Sunday talk shows this morning as a huge win for Republicans — and (yet another) agonizing defeat for the left.

“Seeing a Democratic president take taxing the rich off the table and instead push a deal that will lead to Social Security, Medicare, and Medicaid benefit cuts is like entering a bizarre parallel universe,” said Stephanie Talyor, a co-founder of the Progressive Change Campaign Committee. “One with horrific consequences for middle-class families.”

The PCCC called on Democrats to reject the deal.

“The middle class has sacrificed enough,” she said. “We need jobs, not cuts, to get the economy moving again.”