Bill Clinton at Ideas Festival today in CO: Advice for Obama

Aspen, Colo.—Former President Bill Clinton Saturday night urged President Obama not to “blink” at Republican demands to exclude revenue increases from any agreement to extend the government’s debt ceiling.

If Republicans maintain their opposition to revenue increases, Clinton said, Obama should pursue a short-term deal to extend the debt ceiling based on spending cuts both sides have already accepted in the negotiations between the administration and Congressional leaders from both parties.

“I hope they will make a mini-deal,” Clinton said in an interview conducted with him at the Aspen Ideas Festival here.

http://nationaljournal.com/clinton-calls-on-obama-not-to-blink-on-debt-ceiling-deal-with-gop-20110702