Boehner: '50/50' odds for possible deal
July 7th, 2011
12:16 PM ET
3 years ago

Boehner: '50/50' odds for possible deal

Washington (CNN) – House Speaker John Boehner told fellow House Republicans Thursday that he will know in the next few days whether an agreement on the debt limit is possible, saying he thinks the odds are "maybe 50/50," according to a Republican aide.

Boehner spoke to House Republicans behind closed doors before heading to the White House to meet with the president and other congressional leaders.

According to two Republican sources, reaching an agreement depends on whether the White House insists on tax hikes. One source added that top House Republican leaders are scheduled to meet at 4:45 p.m. ET in Boehner's office to discuss the White House meeting.


Filed under: Congress • Debt • Deficit • House • John Boehner • Republicans
soundoff (17 Responses)
  1. diridi

    listen, cutting entitlements, like Medicare, Social Security is bad for the nation. Now you know where you are standing for voting for these GOP animals. They do not want to raise the taxes on who make more than 250k or more. These GOP thugs are for rich guys. Just know this truth. It is the time to raise Debt Ceiling, without it, nation goes standstill, which they can blame Obama Administration for it. On this pretext, they can win in election, and again, rich like Kentucky Derby, and Oil Corporate guys can evade taxes. Without Taxes, without generating revenue, How these idiots cut deficit? Just think, vote all these GOP thugs out of offices in next election. Just vote direct Democratic Ticket. I am voting for Direct Dem. ticket. Obama2012. Watch all kind of Nasty Drama in Congress....wake up, Americans, we need to Revolt....I mean "Revolt". o.k,

    July 7, 2011 12:22 pm at 12:22 pm |
  2. TomInRochNY

    And, your odds of getting re-elected if you help force a shut down of the government will be less than 50%.

    July 7, 2011 12:25 pm at 12:25 pm |
  3. Four and The Door

    Speaker Boehner holding the line on tax increases is how the American economy will get back in a growth mode and how unemployment will finally start coming down. And government revenues will go up. Even Obama's own Chief Economic Advisor agreed:

    December 8, 2010

    Washington (CNSNews.com) – In an unusual argument from a Democratic administration, the director of President Obama’s National Economic Council, Larry Summers, contended Wednesday that a deal with Congressional leaders to keep taxes low for another two years will not only jumpstart the economy but increase government revenue in the long run.

    July 7, 2011 12:30 pm at 12:30 pm |
  4. ConservaFASCISTS

    The fascists republican regime keep referring to tax hikes. They're not tax hikes. They're loopholes that need to be closed because that is wasteful spending. These subsidies that are given to the most profitable companies are draining us dry. They don't need them and majorty of the country feels that way.

    July 7, 2011 12:32 pm at 12:32 pm |
  5. Rudy NYC

    Some people feel that the entitlement programs are in trouble because people take out more than what they contribute. That's true in almost all cases, except that is not the problem with the programs running out of money.

    The problem is how many people donate to the programs compared to how many people withdraw from the trust funds. When Medicare was created there were roughly 5.3 contributors for every beneficiary. Today, because of a lowering of the upper taxable income where it applies, we now have roughly 2.5 contributors for every beneficiary.

    Entitlements are in trouble because they have been systematically starved to extinction through tax cuts.

    July 7, 2011 12:32 pm at 12:32 pm |
  6. NYC REPUB

    The GOP....wow....they are no longer looking for common sense solutions......The party of Lincoln, Teddy Roosevelt, and Eisenhower......gone!!!!!!
    Obama 2012!!!

    July 7, 2011 12:41 pm at 12:41 pm |
  7. ConservaFASCISTS

    In an unusual argument from a Democratic administration, the director of President Obama’s National Economic Council, Larry Summers, contended Wednesday that a deal with Congressional leaders to keep taxes low for another two years will not only jumpstart the economy but increase government revenue in the long run.
    -------------------------------------------------–
    Larry Summers is a Wall st. cronie just like every economic advisor or Treasury Secretary. Of course they're going to lookout for their Wall St. buddies. Explain how unpaid tax cuts that were due to expire will eventually create revenue when we not only have a spending problem, but a revenue problem as well? Please explain that voodoo economic theory.

    July 7, 2011 12:46 pm at 12:46 pm |
  8. Rudy NYC

    Remember, America. The last time when we the Republicans took control of White House and Congress, they forced the *temporary* Bush Tax Cuts onto us. Those tax cuts have cost us a lot. Extending them for two years cost us nearly a trillion dollars. They have been in place for a decade.

    We need to get rid of Bush's Medicare Plan D while we are at it. I don't see how inserting a middle man into the money stream saves us money, although Republicans have argued relentlessly that it does.

    July 7, 2011 12:51 pm at 12:51 pm |
  9. Rudy NYC

    Boehner's right about one thing. "We don't have a revenue problem." We have a Republican problem.

    July 7, 2011 12:56 pm at 12:56 pm |
  10. Four and The Door

    ConservaFASCISTS
    ... Explain how unpaid tax cuts that were due to expire will eventually create revenue when we not only have a spending problem, but a revenue problem as well? Please explain that voodoo economic theory.
    __________________________________________________________________________________________________
    Okay, since you said please. Taking less money out of the economy will allow that money to be invested in businesses. Those new investments will create new jobs as well as new tax revenue streams for local, State and Federal governments. As well, investors and business owners are more confident about taking the risk of new investment and new hires when they are confident that taxes are not going to be raised once that investment begins generating revenue and income.

    July 7, 2011 12:58 pm at 12:58 pm |
  11. Gregory Newbold

    As Chief Executive, President Obama has the contitutional and fiscal responsibility to take all measures within his authority to maintain the county`s solvency.

    In private industry, an executive would restructure operations, even if only on a temporary basis, to stop burning through cash.

    Via Executive Order to the US Treasury Secretary [who reports to the President] Mr. Obama can STOP Congressional & Executive paychecks to conserve cash.

    I`m willing to bet that would drive Mr. Boehner`s estimate on the "chances for a deal" to 100%.

    July 7, 2011 12:58 pm at 12:58 pm |
  12. once upon a horse

    it's too bad that some people just don't seem to get it. The president is not in favor of increasing taxes on everyone, just the ones that can afford to pay more and closing loopholes for the hedgefund folks. Practically every poll given says that the American people, you know the ones the Republicans claim they want to do the will of, are in FAVOR of tax increases on the upper 2%..there have even been some in the upper 2% that are in favor of it. But I must admit if Obama caves in, fails to get this done and messes with SS and Medicare instead my support for him is really going to dwindle.

    July 7, 2011 01:17 pm at 1:17 pm |
  13. Wes B.

    If Republicans REFUSE to budge, then why should Democrats ever budge on an issue?

    Both parties must compromise. Right now, it looks like Dems are very open to giving in...but Repubs won't.

    The American people as a whole understand that compromise is how society works–why don't our representatives understand this?

    July 7, 2011 01:31 pm at 1:31 pm |
  14. jack ostrander

    VOTE OUT ALL REP-UBLICANS IN NEXT ELECTION.
    They are the sum of the world. Pushing Grany off the cliff and want all seniors to follow but give oil companys 20 billion .
    Close 400 of the 700 bases and save 1 trillion per year. stop all wars Iraq, Pakistan, Libia, Afganistan.
    and look we spent 4 trillion so far on these wars and its killing america.....
    Pentagon should be cut in half the size, no more defence contracts to the crooked contractors/owned by Republicans.
    Cut the staffs in half the size, no more defence contracts. contractors haven,t paid taxes that are owed in years.
    20 million illegals here E-VARIFY FOR EVERY BUSINESS IN USA GET OUR JOBS BACK TO AMERICANS.
    E-VARIFY FOR ALL GOVERNMENT BENEFIT PROGRAMS. DRIVERS LICENSES MANATORY. MILLIONS OF FAKE IDs out there, find them arrest and deport.
    REPUBICANS SUCK. SHIP THEM TO Bin Lawdens compouind. let them rule that dirt bag place over there.

    July 7, 2011 01:41 pm at 1:41 pm |
  15. michaelam

    President Obama:
    I have supported you since day one and I will continue to support you. However, if you make ONE concession that directly alters Social Security and/or Medicare negatively, you lost my vote in the upcoming election. You may raise the tax on these programs, change them so wealthier individuals do not receive the same benefit structure as us “small” people, BUT, you may NOT alter the age or benefit structure that would negatively affect the middle-class and poor in any way, shape, or form. If you choose to throw us under a bus, I will reverse my “Am I in?” status, stop donating and campaigning for your re-election, AND you will NOT receive my vote because YOU do NOT deserve it if you elect to mess with our Social Security and/or Medicare!

    Quit making deals with hostage takers! Use your Constitutional rights afforded to you and ALL of us under the Fourteenth Amendment!

    July 7, 2011 02:09 pm at 2:09 pm |
  16. pmk1953

    Boehner's 50-50 = the dems will give us everything or no deal.

    July 7, 2011 02:17 pm at 2:17 pm |
  17. Ed

    @ four, democrats are actually talking about going back to tax rate during clinton yrs buddy. Btw repubs got their tax cuts extented, where are the jobs? Better yet where have the jobs been the past 11 yrs the tax cuts been in place? U know the gop is toast in 2012 right. But good luck anyway bro

    July 7, 2011 02:20 pm at 2:20 pm |