Washington (CNN)–President Barack Obama addressed the nation on the debt ceiling seven days before the nation is forecast to reach the debt limit of $14.29 trillion dollars. Lawmakers must reach an agreement before August 2 to increase the amount of money the nation can borrow and avoid the possibility of default. Republican Speaker of the House John Boehner delivered a response to the address following the president's remarks.
11:18 p.m. ET @EWErickson Boehner's plan is best called "Punt, Kick, & Pass." Punts to another commission, kicks the can & passes more debt onto future generations.
11:00 p.m. ET @ChuckSchumer Time for @SpeakerBoehner to lead his caucus; right now, extreme bloc in House is leading him instead
10:13 p.m. ET @PressSec Jay Carney (EOP) As #POTUS said, Americans are "fed up with a town where compromise has become a dirty word." Rs & Ds need to come together, and act.
10:00 p.m. ET @KyungLahCNN What do you think? #Japan's yen now below 78, big concerns in Tokyo of impact to Japan from lack of #debt ceiling deal. Who do you blame?
9:53 p.m. ET @CoryBooker Obama agrees with Reagan (and every other president over the past 30 yrs). it is outrageous not to raise debt limit and pay our obligations.
9:46 p.m. ET @JeffFlake President wants a balanced approach? How 'bout agreeing to sign cut, cap & balance.
9:45 p.m. ET @DanaPerino I think potus could help himself if next appearance included Bo the dog – dogs can help sell anything!
Read the full liveblog after the jump.
9:35 p.m. ET @JonHuntsman @BarackObama's call for tax increases and his own politically convenient timetable are misguided and reckless
9:35 p.m. ET @LisaDCNN OBAMA v BOEHNER political bottom line: Tonight was time travel from #debt debate to opening shots in 2012 election cycle.
9:32 p.m. ET @rolandsmartin It's time for YOU to ride Congress to get a deal. In the morning, CALL 202-225-3121 & BLOW UP the lines of ALL members of Congress! RT!
9:29 p.m. ET @LarrySabato Dems think Obama did well. Rs think Boehner did well. And in a nutshell there's the problem.
9:28 p.m. ET @PJCrowley The world is indeed watching. We must live within our means, but #America also has national and global interests that default would harm.
9:26 p.m. ET @EWErickson Boehner's speech was right on. The problem is Boehner's plan doesn't cut enough to avoid a credit downgrade.
9:23 p.m. ET @LisaDCNN Boehner yet to answer president's charge that his bill would just "kick the can" to next year and rattle the markets.
9:22 p.m. ET Speaker Boehner: This debate isn't about President Obama and House Republicans … it isn't about Congress and the White House … it's about what’s standing between the American people and the future we seek for ourselves and our families.
You know, I’ve always believed, the bigger government, the smaller the people. And right now, we have a government so big and so expensive it’s sapping the drive of our people and keeping our economy from running at full capacity.
The solution to this crisis is not complicated: if you’re spending more money than you’re taking in, you need to spend less of it,
There is no symptom of big government more menacing than our debt. Break its grip, and we begin to liberate our economy and our future.
We are up to the task, and I hope President Obama will join us in this work.
God bless you and your families, and God bless America.
9:21 p.m. ET Speaker Boehner: You see, there is no stalemate in Congress. The House has passed a bill to raise the debt limit with bipartisan support. And this week, while the Senate is struggling to pass a bill filled with phony accounting and Washington gimmicks, we will pass another bill – one that was developed with the support of the bipartisan leadership of the U.S. Senate.
Obviously, I expect that bill can and will pass the Senate, and be sent to the President for his signature. If the President signs it, the ‘crisis’ atmosphere he has created will simply disappear. The debt limit will be raised. Spending will be cut by more than one trillion dollars, and a serious, bipartisan committee of the Congress will begin the hard but necessary work of dealing with the tough challenges our nation faces.
The individuals doing this work will not be outsiders, but elected representatives of the people, doing the job they were elected to do as outlined in the Constitution. Those decisions should be made based on how they will affect people who are struggling to get a job, not how they affect some politician’s chances of getting reelected.
9:19 p.m. ET @LisaDCNN BOEHNER: President Obama wants business as usual, a routine increase in the debt. GOP will say "not so fast".
9:18 p.m. ET @LisaDCNN BOEHNER: Introduces himself. He is the speaker of the "whole house".
9:17 p.m. ET House Speaker John Boehner response: Good evening. I’m John Boehner. I serve as Speaker of the whole House - of the members of both parties that you elect. These are difficult times in the life of our nation. Millions are looking for work, have been for some time, and the spending binge going on in Washington is a big part of the reason why.
Before I served in Congress, I ran a small business in Ohio. I was amazed at how different Washington DC operated than every business in America. Where most American business make the hard choices to pay their bills and live within their means, in Washington more spending and more debt is business as usual.
I’ve got news for Washington – those days are over.
President Obama came to Congress in January and requested business as usual - yet another routine increase in the national debt limit - we in the House said 'not so fast.’ Here was the president, asking for the largest debt increase in American history, on the heels of the largest spending binge in American history.
Here's what we got for that spending binge: a massive health care bill that most Americans never asked for. A 'stimulus' bill that was more effective in producing material for late-night comedians than it was in producing jobs. And a national debt that has gotten so out of hand it has sparked a crisis without precedent in my lifetime or yours.
The United States cannot default on its debt obligations. The jobs and savings of too many Americans are at stake.
What we told the president in January was this: the American people will not accept an increase in the debt limit without significant spending cuts and reforms.
And over the last six months, we’ve done our best to convince the president to partner with us to do something dramatic to change the fiscal trajectory of our country. . .something that will boost confidence in our economy, renew a measure of faith in our government, and help small businesses get back on track.
Last week, the House passed such a plan, and with bipartisan support. It’s called the ‘Cut, Cap, and Balance’ Act. It CUTS and CAPS government spending and paves the way for a Balanced Budget Amendment to the Constitution, which we believe is the best way to stop Washington from spending money it doesn’t have. Before we even passed the bill in the House, the President said he would veto it.
I want you to know I made a sincere effort to work with the president to identify a path forward that would implement the principles of Cut, Cap, & Balance in a manner that could secure bipartisan support and be signed into law. I gave it my all.
Unfortunately, the president would not take yes for an answer. Even when we thought we might be close on an agreement, the president’s demands changed.
The president has often said we need a 'balanced' approach - which in Washington means: we spend more. . .you pay more. Having run a small business, I know those tax increases will destroy jobs.
The president is adamant that we cannot make fundamental changes to our entitlement programs. As the father of two daughters, I know these programs won’t be there for them and their kids unless significant action is taken now.
The sad truth is that the president wanted a blank check six months ago, and he wants a blank check today. That is just not going to happen.
9:15 p.m. ET President Obama: History is scattered with the stories of those who held fast to rigid ideologies and refused to listen to those who disagreed. But those are not the Americans we remember. We remember the Americans who put country above self, and set personal grievances aside for the greater good. We remember the Americans who held this country together during its most difficult hours; who put aside pride and party to form a more perfect union.
That’s who we remember. That’s who we need to be right now. The entire world is watching. So let’s seize this moment to show why the United States of America is still the greatest nation on Earth – not just because we can still keep our word and meet our obligations, but because we can still come together as one nation. Thank you, God bless you, and may God bless the United States of America.
9:13 p.m. ET President Obama: Congress now has one week left to act, and there are still paths forward. The Senate has introduced a plan to avoid default, which makes a down payment on deficit reduction and ensures that we don’t have to go through this again in six months.
I think that’s a much better path, although serious deficit reduction would still require us to tackle the tough challenges of entitlement and tax reform. Either way, I have told leaders of both parties that they must come up with a fair compromise in the next few days that can pass both houses of Congress – a compromise I can sign. And I am confident we can reach this compromise. Despite our disagreements, Republican leaders and I have found common ground before. And I believe that enough members of both parties will ultimately put politics aside and help us make progress.
I realize that a lot of the new members of Congress and I don’t see eye-to-eye on many issues. But we were each elected by some of the same Americans for some of the same reasons. Yes, many want government to start living within its means. And many are fed up with a system in which the deck seems stacked against middle-class Americans in favor of the wealthiest few. But do you know what people are fed up with most of all?
They’re fed up with a town where compromise has become a dirty word. They work all day long, many of them scraping by, just to put food on the table. And when these Americans come home at night, bone-tired, and turn on the news, all they see is the same partisan three-ring circus here in Washington. They see leaders who can’t seem to come together and do what it takes to make life just a little bit better for ordinary Americans. They are offended by that. And they should be.
The American people may have voted for divided government, but they didn’t vote for a dysfunctional government. So I’m asking you all to make your voice heard. If you want a balanced approach to reducing the deficit, let your Member of Congress know. If you believe we can solve this problem through compromise, send that message.
America, after all, has always been a grand experiment in compromise. As a democracy made up of every race and religion, where every belief and point of view is welcomed, we have put to the test time and again the proposition at the heart of our founding: that out of many, we are one. We have engaged in fierce and passionate debates about the issues of the day, but from slavery to war, from civil liberties to questions of economic justice, we have tried to live by the words that Jefferson once wrote: “Every man cannot have his way in all things…Without this mutual disposition, we are disjointed individuals, but not a society.”
9:10 p.m. ET @AriFleischer I guess O forgot he voted against raising the debt limit when he was a senator. Not so routine then I guess...
9:10 p.m. ET President Obama: And Republican leaders say that they agree we must avoid default. But the new approach that Speaker Boehner unveiled today, which would temporarily extend the debt ceiling in exchange for spending cuts, would force us to once again face the threat of default just six months from now. In other words, it doesn’t solve the problem.
First of all, a six-month extension of the debt ceiling might not be enough to avoid a credit downgrade and the higher interest rates that all Americans would have to pay as a result. We know what we have to do to reduce our deficits; there’s no point in putting the economy at risk by kicking the can further down the road.
But there’s an even greater danger to this approach. Based on what we’ve seen these past few weeks, we know what to expect six months from now. The House will once again refuse to prevent default unless the rest of us accept their cuts-only approach. Again, they will refuse to ask the wealthiest Americans to give up their tax cuts or deductions. Again, they will demand harsh cuts to programs like Medicare. And once again, the economy will be held captive unless they get their way.
That is no way to run the greatest country on Earth. It is a dangerous game we’ve never played before, and we can’t afford to play it now. Not when the jobs and livelihoods of so many families are at stake. We can’t allow the American people to become collateral damage to Washington’s political warfare.
9:08 p.m. ET @LisaDCNN Getting lots of tweets from you guys that this sounds like a campaign speech.
9:08 p.m. ET President Obama: Now, what makes today’s stalemate so dangerous is that it has been tied to something known as the debt ceiling – a term that most people outside of Washington have probably never heard of before.
Understand – raising the debt ceiling does not allow Congress to spend more money. It simply gives our country the ability to pay the bills that Congress has already racked up. In the past, raising the debt ceiling was routine. Since the 1950s, Congress has always passed it, and every President has signed it. President Reagan did it 18 times. George W. Bush did it 7 times. And we have to do it by next Tuesday, August 2nd, or else we won’t be able to pay all of our bills.
Unfortunately, for the past several weeks, Republican House members have essentially said that the only way they’ll vote to prevent America’s first-ever default is if the rest of us agree to their deep, spending cuts-only approach.
If that happens, and we default, we would not have enough money to pay all of our bills – bills that include monthly Social Security checks, veterans’ benefits, and the government contracts we’ve signed with thousands of businesses.
For the first time in history, our country’s Triple A credit rating would be downgraded, leaving investors around the world to wonder whether the United States is still a good bet. Interest rates would skyrocket on credit cards, mortgages, and car loans, which amounts to a huge tax hike on the American people. We would risk sparking a deep economic crisis – one caused almost entirely by Washington.
Defaulting on our obligations is a reckless and irresponsible outcome to this debate.
9:07 p.m. ET @cnnbrk #Obama on what default could mean: "Interest rates could climb for everyone who borrows money" #debt http://t.co/3ilpiFX
9:06 p.m. ET President Obama: Because neither party is blameless for the decisions that led to this problem, both parties have a responsibility to solve it. And over the last several months, that’s what we’ve been trying to do. I won’t bore you with the details of every plan or proposal, but basically, the debate has centered around two different approaches.
The first approach says, let’s live within our means by making serious, historic cuts in government spending. Let’s cut domestic spending to the lowest level it’s been since Dwight Eisenhower was President. Let’s cut defense spending at the Pentagon by hundreds of billions of dollars. Let’s cut out the waste and fraud in health care programs like Medicare – and at the same time, let’s make modest adjustments so that Medicare is still there for future generations. Finally, let’s ask the wealthiest Americans and biggest corporations to give up some of their tax breaks and special deductions.
This balanced approach asks everyone to give a little without requiring anyone to sacrifice too much. It would reduce the deficit by around $4 trillion and put us on a path to pay down our debt. And the cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small business and middle-class families get back on their feet right now.
This approach is also bipartisan. While many in my own party aren’t happy with the painful cuts it makes, enough will be willing to accept them if the burden is fairly shared. While Republicans might like to see deeper cuts and no revenue at all, there are many in the Senate who have said “Yes, I’m willing to put politics aside and consider this approach because I care about solving the problem.” And to his credit, this is the kind of approach the Republican Speaker of the House, John Boehner, was working on with me over the last several weeks.
The only reason this balanced approach isn’t on its way to becoming law right now is because a significant number of Republicans in Congress are insisting on a cuts-only approach – an approach that doesn’t ask the wealthiest Americans or biggest corporations to contribute anything at all. And because nothing is asked of those at the top of the income scales, such an approach would close the deficit only with more severe cuts to programs we all care about – cuts that place a greater burden on working families.
So the debate right now isn’t about whether we need to make tough choices. Democrats and Republicans agree on the amount of deficit reduction we need. The debate is about how it should be done. Most Americans, regardless of political party, don’t understand how we can ask a senior citizen to pay more for her Medicare before we ask corporate jet owners and oil companies to give up tax breaks that other companies don’t get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don’t need and didn’t ask for?
That’s not right. It’s not fair. We all want a government that lives within its means, but there are still things we need to pay for as a country – things like new roads and bridges; weather satellites and food inspection; services to veterans and medical research.
Keep in mind that under a balanced approach, the 98% of Americans who make under $250,000 would see no tax increases at all. None. In fact, I want to extend the payroll tax cut for working families. What we’re talking about under a balanced approach is asking Americans whose incomes have gone up the most over the last decade – millionaires and billionaires – to share in the sacrifice everyone else has to make. And I think these patriotic Americans are willing to pitch in. In fact, over the last few decades, they’ve pitched in every time we passed a bipartisan deal to reduce the deficit. The first time a deal passed, a predecessor of mine made the case for a balanced approach by saying this:
“Would you rather reduce deficits and interest rates by raising revenue from those who are not now paying their fair share, or would you rather accept larger budget deficits, higher interest rates, and higher unemployment? And I think I know your answer.”
Those words were spoken by Ronald Reagan. But today, many Republicans in the House refuse to consider this kind of balanced approach – an approach that was pursued not only by President Reagan, but by the first President Bush, President Clinton, myself, and many Democrats and Republicans in the United States Senate. So we are left with a stalemate.
As a result, the deficit was on track to top $1 trillion the year I took office.
9:05 p.m. ET @AriFleischer As a senator, O supported an even more expensive, bigger Medicare drug program, which wasn't paid for.
9:03 p.m. ET @LisaDCNN OBAMA: so far, saying I inherited the deficit and then the economy tanked.
9:02 p.m. ET @EWErickson The President starts out blaming the GOP. Hey GOP, guess what he'll do if Boehner's plan passes and we lose our credit rating?
9:02 p.m. ET President Obama: To make matters worse, the recession meant that there was less money coming in, and it required us to spend even more – on tax cuts for middle-class families; on unemployment insurance; on aid to states so we could prevent more teachers and firefighters and police officers from being laid off. These emergency steps also added to the deficit. Now, every family knows that a little credit card debt is manageable. But if we stay on the current path, our growing debt could cost us jobs and do serious damage to the economy. More of our tax dollars will go toward paying off the interest on our loans. Businesses will be less likely to open up shop and hire workers in a country that can’t balance its books. Interest rates could climb for everyone who borrows money – the homeowner with a mortgage, the student with a college loan, the corner store that wants to expand. And we won’t have enough money to make job-creating investments in things like education and infrastructure, or pay for vital programs like Medicare and Medicaid.
9:01 p.m. ET Note: Standing off to stage right in the East Room: Chief of Staff Daley, fellow Chicagoan Valerie Jarrett, Press Secretary Jay Carney.
9:01 p.m. ET President Obama Good evening. Tonight, I want to talk about the debate we’ve been having in Washington over the national debt – a debate that directly affects the lives of all Americans.
For the last decade, we have spent more money than we take in. In the year 2000, the government had a budget surplus. But instead of using it to pay off our debt, the money was spent on trillions of dollars in new tax cuts, while two wars and an expensive prescription drug program were simply added to our nation’s credit card.
8:41 p.m. ET @David_Gergen In past, Presidents usually give emergency speeches about someone outside hurting USA. This is a self-inflicted wound!
8:36 p.m. ET @ErinBurnettCNN Source who met w/S&P says SIZE of Boehner plan is the problem.MIGHT not be enough to avert downgrade,needs to be closer to $3TR all at once.
8:35 p.m. ET @David_Gergen On CNN, will be watching #Obama, #Boehner to see if they can get past posturing, lead us to safety.
8:22 p.m. ET Robert Reich during interview on CNN Social Security "is not the problem." Says social security is actually in surplus right now, and is making the deficit actually look smaller than it is.
8:18 p.m. ET Sen. Jeff Sessions during interview on CNN "The problem we've got is not the debt ceiling. The problem we have is the surging deficit."
6:52 p.m. ET @AWMooneycnn More on Obama's speech: He will outline no new plan
Only during the Obama administration have we tied raising the debt ceiling to deficit reduction.
Most the debt has been incurred during republican administrations and know you are fighting some one who is trying to meet these obligations. Boehner has no vision for this country and is willing to run it to the ground.
I am shocked at the GOP holding the American economy hostage. I wish they would stop talking about what the "people" want ... do they only pay attention to polls during elections? The main argument for not cutting out the favored tax status for the wealthy is that you do not tax "job creators"....so, with the famous Bush tax cuts WHERE ARE THE JOBS??? It seems there is a flaw in that logic some where. There is a huge segment of the population that are indepentant voters – beware.
The President made sense in his statements about taking care of this now and the consequences of defaulting. We have never had a President need to speak to the American people about raising the debt ceiling. The President is willing to compromise and it is obvious that Boehner is playing to his base. Unfortunately, this is not a game. Jobs will not be created because the debt ceiling is raised it is merely a step in keeping our country solvent.
Can't even get throuth to my congressman. "Server too busy" or "Voice mail is full".... so much for having a voice – but at least I still have a vote!
This should not be a political problem...Both the dem and repub seem not to understand the real problem.. we elected them to get down to work and fix the nation.. I believe neither side is in touch with the people... No real facts were promoted tonight to solve the debt impasse...just political positioning... The president is putting the ball in the house and senate's court.. The American people can not settle for a tie, this time around...........po
Thought you are supposed to be a news service–don't really appreciate the personal comments injected by reporters–just report and let us form our own opinions. Opinion pieces are totally separate from live news reporting. And some of your remarks seem biased–not good journalism.
If Obama was as tough as House Republicans, we wouldn't be in this situation. Position could be: on debt ceiling increase or will be ignored as unconstitutional, and Bush tax cuts expiration for those with high income or let Bush tax cuts expire for everyone. And Norquist gave Republicans (and Tea Partiers) permission to let cuts expire.
I think that the whole economic situation is a pile of crap that the Government should be ashamed of. I love the United States of America and I have nothing but compassion and respect for my fellow citizens. I feel as if we need to focus on bringing back the American Industry. We should place a fair tax on all imports that the U.S. takes in every year and we should penalize big U.S. based Corporations. Meaning that if the top share holders and the executive staff are from the United States then the majority of the manufacturing jobs should be right here in the U.S.A. For to long our Government has gotten away with an ostrich defense. They really do act as if there is no problem here in the U.S. The majority of politicians are guilty of favoring big business in one way shape or form. People are losing their homes and their careers, and for what? Political gain? The American public are waking up and they are taking notice. This game has gone on too long and too many decent hard working and yes even struggling Americans are stuck holding the bill. So the solution is to send them into another Great Depression? Here's the deal, if someone out there doesn't take notice. There are going to be a majority of politicians that will find themselves out of a job in their next election. Yes, I feel as if the Government has gotten too big and that many, many times they have gotten away with the abuse of a blank check. But, that doesn't mean that we should allow our politicians to get kick backs or to secure future employment from corporations that lobbied them for privileges that decent hard working American people can't get. I probably would escalate my opinion to an even more outraged attitude if it weren't for the fact that I would probably have consequences to face. Being as I am obligated to just roll with the punches because of my employment. Americans do need to wake up and ensure that our politicians get the hint. It's high time that we take our Country back from the few, and give it back to the many. Didn't someone once say "why should I trade one tyrant three thousand miles away for three thousand tyrants one mile away? " Oh yes, that was from the movie the Patriot. Well, it sounds like we have. I will continue to pay my taxes and I will continue to love my country but that doesn't mean that I have to like it.
The problem we face is and has always been our own failure to recognize the fact that we have limited resources. As great as America is we cannot feed the world, welcome every immigrant, police every conflict and maintain the needs of our own people. We have to set priorities and we cannot start by jeopardizing the most venerable in our society. We did not incure trillions in debt overnight and we cannot solve this problem overnight. The politicians who are using this issue as election fodder should be removed from office and in their place we must elect people who can help us help ourselves back to greatness. As long as we continue to vote straight down party lines, polititians will act straight down party lines.
Get your Act together! America need leaders who will support the Common Good and not your political opinion. Seriously! You are the best America can count on? I worry about the future of my children because of you. If you fail to reach an appropriate and timely decision you have failed us all. You probably won't feel the financial pain because your rich. You don't really get the financial crunch most of the country is going through but sleep tight. The seed you sow is the seed you reap.
Both Republicans and Democrats are responsible for the constant feeling of crisis in this country. Grow up, compromise, stop thinking about your political careers, and do what is right for this country.
Its time for the President to act as a President. This is all happening under his watch and still he does not agree in getting into an agreement. Mr. President, it is time for you to understand that in last election the citizens spoke loud and clear. Do not keep spending more money than it comes in. I dont see how serious you are in cutting costs when you know that we have go cut in entitlements in order for then to last to our kids, but you decide to impose another one "Obamacare". Time to act now, cut and balance .
I am a single parent that has to make hard choices EVERYDAY in regards to my family finances. It is not fun, it is not easy, but I do what needs to be done for myself and my daughter. I cannot believe that the Republicans in Washington are playing this dangerous game of chicken that will have severe impact on all of us. EVERYONE needs to make some sacrifices – the rich, the poor, the ones in the middle, etc.... Stop being so focused on yourselves and whether or not your big money donors will help you win your next election and make the right choice for OUR COUNTRY. I have no respect for people that are so focused on themselves and their own agenda that they cannot see the bigger picture and how it will negatively impact all of us. Your "my way or the highway" position in trying to protect the richest people/companies in the U.S. instead of looking out for the greater good for all of us is Pathetic. You should be ashamed of yourselves. Knock it off, do what you know to be right – even if it means YOU might have to look for a new job come your next election. Welcome to our reality.
Seems to me the President did his best to put parties and politics aside and state the facts. He made positive remakes about Leader Boehner and acted collegial. We were disappointed when the House Leader came on and seemed to openly be negative about the President. This is a tough job and a tough time for both of them. However, House Leader Boehner needs to do what is right and not worry about pleasing the minority Tea Party members who appear to be holding this process back. They all need to work together on behalf of our nation.
I was sitting there begging Mr. Obama to explain the Norquist pledge to the Umurican People Two hundred thirty of the members of the House and forty Senators can't agree to raise revenue because they swore to their big business rich masters that they wouldn't. To hell with the oath of office and to hell with America. They are already bought and paid for.
Pork and entitlements have to go. Paying people not to grow crops? Studying turtles? Bridges to nowhere? Foreign aid to wealthy Muslim states? Congressional perks?
I think everyone is blaming everyone else. We elected these people to run out country. President Obama is thinking about get reelected is not thinking about the people. But they are running it into the ground. Now our President is going after the old people. People that are on social security and medicare should have to pay for the expensive that our government has made. Everyone is afraid that the country is going to hell. No one is doing their job. Do what they need to do to get this country back on it feet. Compromise is the answer. Think about the people not them self.
Boehner was willing to work with the President a week ago to come up with a compromise. Now Boehner has been smacked down by the Tea Party to the point where he needed to get his speech tonight blessed by Rush Limbaugh before he gave it. Leadership is gone from the Republican party.
I kept waiting for Boehner to start crying. Why doesn't he admit that he is under the control of the tea party and is afraid to do the intelligent thing and reach a compromise. The USA is being held hostage by a bunch of right wing religious fanatics. I have no doubt that with the direction we are heading that Bristol Palin will probably be president in the next 10 years. What idiots we are to allow such shallow ignorant people control us.
Obama wants to compromise with a balanced approach. Boehner only wants massive spending cuts of the big 3...Medicare,Social security and medicaid...This will allow more tax cuts to the millionaires and Billionaires.....
I make over $250,000 and although I do appreciate Mr Boehner looking out for me, I don't mind paying a bit more in tax. This is a great country, well worth contributing to.
The fact that the Republican Party now seems to follow Ayn Rand is not a great sign – granted she is smart, she also misses a larger complex issue called reality. Boehner and the Tea Party are being arrogant in wanting to destroy things just to prove a point that many experts have already disputed (you can't balance the budget without some taxation and program cuts – since Bush help get us into a lot of this mess to begin with – we need to compromise to move forward).
ENOUGH..we have become a nation of finger pointers FIX THE DAMN THING..10 years ago we had a balanced budget and a surplus..then we got a tax cut...and all hell broke lose..I'm 65 trying to retire and I am afraid for my 401K, my SS..which I spent 45 years paying tax for and my medicare...we ALL believe in a balanced approach do it you fools...there is a lot of anger out here more than enough to go around
Don't touch social security or medicare! Why don't the House and Senate take a pay cut and freeze, also their staff and all federal employees. Why don't the have the health care that the average Americans have, watch how fast it is fixed. I am not asking for anything FREE just what we work for!! Why do all politians forget who elected them and why when they go to Washington! Bring all our troops home, do not send moneys or aid to any countries till we are out of debit and can afford it. Freeze all pays and have pay cuts in washington dc and watch how many solve our problems with out hurting the average american! Their should be no loop holes for the rich. Everyone needs to pay their fair share! America needs to take care of America first, you don't see any countrys helping us when we need it. (Maybe Canada?) When is Washington going to start working fpr the average american trying to live. Please start with the United statess of America first. God Bless America and all the people/
The President is bending the truth. To say millionaires don't pay their fair share is bending the truth. The top five percent pay 50% of the taxes. Forty percent pay nothing. Who's sharing the burden? The democrats say the republicans want to embarrass the President. He should be embarrassed. The country is definitely worse than two years ago. The democrats want to keep Obama from being embarrassed. He is not being honest. Unfortunately our tendency to be liberal or conservative is hard-wired into our brains and the facts are seen differently by the two sides. We are in trouble.