Obama’s Stuffed Trigger

Keith Hennessey offers a highly useful analysis of the details of Obama’s newest grand deficit proposal. The various mechanics and insider tricks were not obvious to those who just watched the president’s Wednesday speech. That’s especially true regarding the likely-to-be-triggered failsafe loophole-closing trigger, which when triggered would only have a small impact on spending but a big revenue-raising effect. … It’s hard for the left to argue Obama’s given away the store in advance, at least if you read the fine print. …