(CNN) - President Barack Obama is inviting bipartisan leaders from the Senate and the House of Representatives for a White House meeting, a senior administration official confirmed Friday.
A Democratic aide says the invitation was extended for next Friday to Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, House Speaker John Boehner and House Minority Leader Nancy Pelosi.
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The meeting comes amid talks about a deficit-reduction plan which Obama addressed in White House remarks on Friday.
If Congress fails to come to an agreement on a debt reduction package by the end of the year, everybody's taxes will go up, he said.
"That makes no sense," he said. "It would be bad for the economy."
Obama stood by his position that additional revenues are an important component of deficit reduction.
"If we're serious about reducing the deficit, we have to combine spending cuts with revenue," he said. "That means asking the wealthiest Americans to pay a little more in taxes."
Clearly those still living in the Republican bubble have no idea what the "financial cliff" actually is or who has the upper hand this time around. What a pathetically ignorant group they are to suggest anything is even remotely possible concerning John Boeher's side of the aisle during negotiations.
Uh, Travis – a legal degree does not make you a magician. A lot of people in this country have legal degrees, but they can't change the laws as they please. Everybody means Everybody! The President himself, in his own words, said he had no problem paying higher taxes and believes he should.
Travis – quit listening to FOX news. The sky is NOT falling!!
>Nothing new here...move along sheeple. BO will insist on stealing from the rich to give to the lazy and illegal. Half of America >is with you Speaker Boehner...HOLD THE LINE!
but there is no line to hold. obama and the democrats have fixed unemployment and the economy. the american people believed them and re-lected them and said raise our taxes. i say give them all the tax money they ask for to pay for the government they have created. it is only fair.
we cannot continue to live in a fantasy country that only exists because we borrow a trillion dollars a year. the fantasy must end and reality must be restored. we must wake up from the dream and see what the country really is in terms of goverment and what it truly costs to run it, today, now, without borrowing.
Pressure is on the GOP House now
@ V So why does he always need people around him cheering him on? You didn't answer the question. Could only call names like a bully on a playground – Chicago style – like our president – and the democrat party. The one who's full of hate is our president – screams from podiums and microphones with hate in his face. He doesn't love this country and doesn't deserve the honor of the office. The American people made a grave mistake on Nov. 6, and we're ALL going to suffer from it.
so you propose using the power of the federal government to starve states of tax money thay they send to washington while forcing democrat decrees on them? – No, I propose that states shouldn't receive more tax dollars back from the federal government than they pay in as it's tantamount to stealing from other states.
So should an individual citizen get no more in federal benefits than he or she put in because it would be tantamount to stealing from another individual citizen?
Obama and Democrats, SHOW US YOUR SECRET PLANS!!! Where do you want to lead this country and what are your solutions?!!
I want my taxes increased just like the rich. I'm not paying anything now. If feel it is my patriotic duty to help pay for this country and its military. I am willing to step up to the plate and contribute my fair share if everybody else is willing to do the same thing. What say you America? Do you love this country enough to pay YOUR fair share?
We've got your back Mr. President. If the Republicans won't play ball we are all contentt to link arms and go over the proverbial cliff. The GOP's refusal to raise taxes is insane. None of these one percenters ,who will spend millions to buy the White House will have their lives changed one little bit by having to pay 3% more in taxes. From the glimse of Mitt's tax returns, who beleives that they will even come close to paying 39.6%. They will be able to maintain their multiple homes and trophy wives s usual. To whom much is given much is expected. Where is their Country First Patriotism when it comes to helping the country that has given them much. We all pay taxes of some type Income or payroll, stop acting like it's a new concept.
Congressional Leaders – Is there really such a thing?