In his press conference just days ago, President Barack Obama was asked about the so-called Tea Party Plan to resolve the current debt crisis (a $2.4 trillion increase in the debt ceiling with matching spending cuts). He dismissed it saying, "You’ll probably see the House vote on a couple of things just to make political statements." But today his administration seems concerned enough over that 'political statement' to threaten a veto should the 'Cut, Cap and Balance' plan make it to his desk.

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In a just-released statement, the Office of Management and Budget says that the president would veto the plan and that setting arbitrary spending levels and a balanced budget amendment are not necessary in order to achieve financial stability.

Mr. Obama has still refused to provide his own plan for addressing the debt; seemingly content to let his congressional accomplices fight the Republicans' attempt to reign in his irresponsible spending. But with this public threat of a veto, is he acknowledging the possibility that even some Senate Democrats may realize that 'Cut, Cap and Balance' may be the best way to get the country back on sound economic footing?

In light of the president's disastrous economic record and plummeting approval rating on his handling of the economy, does he fear the possibility that some Democrats are willing to put common sense and fiscal responsibility before blind allegiance to a failed president?

If not, why threaten to veto something you believe is no more than a 'political statement'?