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Bully Pulpit

The term "bully pulpit" stems from President Theodore Roosevelt's reference to the White House as a "bully pulpit," meaning a terrific platform from which to persuasively advocate an agenda. Roosevelt often used the word "bully" as an adjective meaning superb/wonderful. The Bully Pulpit features news, reasoned discourse, opinion and some humor.

Monday, July 18, 2011

President Obama might accept GOP-backed debt-limit plan

WASHINGTON (By S.A. Miller, NY Post) - The White House yesterday cracked the door open for a smaller, GOP-backed debt-limit deal to avert a looming financial crisis.

Statements made by a top aide show that for the first time, the administration could back off its hard-line demands for a large, sweeping deal to increase the debt limit.

For weeks, President Obama has touted a massive $4 trillion plan that would hike taxes, increase spending cuts and overhaul Social Security and Medicaid.

House GOP leaders instead offered a smaller deal with only spending cuts that would increase the debt limit by $2.4 trillion, just enough to last until after the 2012 elections.

Obama's top staffers for the first time yesterday said a smaller bargain will do, if that's all they can get.


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