Oh hell no.
A Congressional aide briefed on ongoing negotiations between House Speaker John Boehner and President Obama says the two principals may be nearing a “grand bargain” to raise the debt limit which would contain large, set-in-stone spending cuts but only the possibility of future revenue increases.
“All cuts,” the aide said. “Maybe revenues some time in the future.”
…[T]wo aides and a third source, close to the principals confirmed that Obama has been emphatic with Democratic negotiators that his preference is to negotiate a big deal with Boehner and squeeze it through Congress.
To summarize, Obama opened with an offer to give the batshit tea party wing 90% of what they want – take for granted the horrible idea of slashing spending in a recession and add just enough revenue (~17%) to lube the pole for Harry Reid. Now, for what he must think is his last chance at a ‘deal’, he wants to jettison the revenues.
If I haggled for carpets like this, the rug merchant would own my house and kids and I still wouldn’t have a carpet.