" it covers the amount of debt Obama added… in February!"

And that's assuming that the companies involved don't do anything to lessen the tax burden, or that the increased taxes don't cause further economic slowdown decreasing the amount of money raised by other taxes.

"[H]e pretends that he’s the serious adult at the table."

That's the only thing Big O is capable of doing: pretending.

He pretended to be a Constitutional scholar while producing absolutely ZERO publications, ZERO case law, and ZERO public commentary.

He pretended to be an Illinois State Senator while casting the majority of his votes as "present".

He pretended to be whatever he thought people wanted him to be during his campaign for President.

Now, he's pretending to be President while doing NOTHING to help the economy, reduce unemployment, get a handle on the national debt, advance the interests of the U.S. foreign relations, lead during wartime, etc. etc.....

Here is the full Youtube clip: External Link 

My questions revolve around the end game. Obama is not serious, of this we know. But where does this all lead. On August 2nd do we miss a payment have our credit rating drop to D?
I'm beginning to think this is by design, and I don't even own a tinfoil hat.

I guess Krauthammer believes that the other couple trillion comes from massive items and not, in fact, details. That's wrong, of course, the way this proceeds is through a bunch of small and medium cuts aggregated to make large ones and large cuts that will be given to executive departments to disaggregate into spending decisions.

You have to work a little to do the math on the effect of extending depreciable lives on corporate aircraft from five to seven years.

The most important thing to note is that the total deductions over time remain the same, they are simply deferred a little more with a seven-year schedule. Thus the cumulative effect is only one of timing: the government collects more tax in the earlier years, but then less in the later years. If you take the cumulative tax differences and assume they result in a reduced deficit financed at a 4% interest rate and use the applicable accelerated depreciation method, the net effect would be to decrease the cumulative deficit by 1.16% of the cost of the corporate fleet — a rounding error in deficit calculations.

So why does the president harp on it? Class warfare. We have to assume that class warfare tests well in Democrat focus groups. We had better do some focus groups of our own to see what counter message gets traction with, especially, independent voters.