I think Ed misses the point, which is that this carefully-bipartisan massive slashing of government spending and entitlements is what Obama had in mind in the first place. Because while the man may be a tool, he is not a fool:
Let’s recap the Barack Obama school of governing and negotiation. First, you get the Republicans to admit that it’s totally unthinkable and utterly insane to let the government default. Second, agree that 50% of the problem – the entire revenue side – is off the table. Third, let the GOP beat concession after concession out of you by bluffing about default. Fourth, get “concessions” from the GOP – in this case, I’ll bet you $100 on Obama obtaining “defense cuts” that amount to snipping a few staplers and pencils from the Pentagon budget – that hand the Republicans a ready-made “He’s a-cuttin’ the Army while our brave men and women are in harm’s way!!” talking point. Fifth, go to the electorate in 2012 with the message that sure, I and the rest of the Democrats signed off on hacking up Social Security and Medicare, but, um, the Republicans wanted to cut them a little more than we ultimately allowed. That sounds like a winner, right? The Mighty Democrats fought bravely to make sure that your benefit cuts would be slightly smaller.
Good luck with that, idiot. This presidency has been like watching a man commit suicide for three years. At first you’re in a frenzy yelling “Stop! Don’t do that to yourself!” but after a while you just want him to hurry up and get it the hell over with already.