December 10th, 2012
11:23 AM ET
2 years ago

President, House speaker trying to talk their way down from fiscal cliff

Washington (CNN) – It's crunch time for avoiding the fiscal cliff, with President Barack Obama and House Speaker John Boehner and their aides holding private talks on issues that will affect every American.

Three weeks remain to cut a deal before the automatic tax hikes and spending cuts of the fiscal cliff go into effect on January 1.

FULL STORY

Filed under: Fiscal Cliff • John Boehner • President Obama
soundoff (32 Responses)
  1. Lynda/Minnesota

    "In a rare display of bipartisan concurrence, both sides issued identical statements declaring that no details of the meeting would be forthcoming."

    Must really irk Dana Bash (and others) that they aren't being included. Let the spin begin ... depending on what side of the fence journalists sit on these days. It's been decades since we've gotten anything close to journalistic integrity in America. Why should the so called fiscal cliff be any different?

    December 10, 2012 11:31 am at 11:31 am |
  2. 2hheels2

    The Republican party has held America hostage long enough. This election should be a mandate as well as the polls telling the Republican to raise the tax rate over 250k, We do need to tell the negotiators not to sell the middle class down the river. The medicare eligibly age should not be raised to 67, people that work in very laborious jobs cannot afford that.

    December 10, 2012 11:33 am at 11:33 am |
  3. Kelby in Houston, TX

    Just give in Republicans
    Just give in
    It would be easy for you and better for us if you would just let go
    give the President and the people what they want
    what do you think your base is gonna do? vote democrat?!? ...no they aren't going anywhere
    just stop this madness and give in
    Do as your are told
    just give in
    The GOtP can save us from the disaster the GOtP created
    just let go

    December 10, 2012 11:43 am at 11:43 am |
  4. J'Cincinnati'Redd

    Ok house speaker, lets get a fair deal. For starters 250k is not rich. The higher rates should start at 750k. And lets get entitilement reform.

    December 10, 2012 11:47 am at 11:47 am |
  5. J'Cincinnati'Redd

    Raising rates on the rich is not going to be enough. Sorry buU u might have retire at 67 or 68

    December 10, 2012 11:51 am at 11:51 am |
  6. rs

    "Boehner and Republicans also seek savings from entitlement programs such as Social Security, Medicare and Medicaid totaling another $800 billion or so"

    If this is the case perhaps the GOP would accept making Social Security and Medicare unavailable to those who earn over, say, $250,000 (or something higher).

    Better idea- why not just have Republicans turn down those benefits. That ought to reduce those programs ' costs by about 30%- until the GOP has no members.

    December 10, 2012 11:53 am at 11:53 am |
  7. rs

    One point to our GOP friends: raising Medicare and possibly Social Security eligibility to 67 or higher will increase unemployment. Why? People will not retire early (making their jobs available) if the NEED those benefits to safely retire.

    December 10, 2012 11:56 am at 11:56 am |
  8. Sniffit

    "Raising rates on the rich is not going to be enough. "

    Pay attention to something other than Faux News and RedState.com. NOBODY is saying that just raising the rates on income above $250K will be enough. NOBODY.

    December 10, 2012 11:58 am at 11:58 am |
  9. rs

    "Boehner and Republicans also seek savings from entitlement programs such as Social Security, Medicare and Medicaid totaling another $800 billion or so..."

    If this is the case, perhaps the GOP will agree that no member of their party will take Social Security upon retirement. That will save the program approximately 30%- until there are no longer any Republicans.

    December 10, 2012 11:58 am at 11:58 am |
  10. Realista

    Let's Talk "Entitlements":

    Tell Boehner to First Cut ALL Medicaid to "Red States"!

    Then,
    1. Oil Depletion Allowance
    2. Tobacco subsidy for not growing.
    3. Corn Ethanol subsidy.
    4. U.S. Sugar subsidies. (Import @ 4 cents/lb from Dominican Rep & Brazil instead.
    5. U.S. Agribusiness subsidies.
    6. U.S. Congressional Travel Entitlements, since only work Tue to Thursday!

    And Many More You Can ADD

    December 10, 2012 12:14 pm at 12:14 pm |
  11. Ancient Texan

    You can raise taxes on everyone in the USA, confiscate the belongs of those same "rich" that the left wants to punish, and take the profits of all the top Corporations and it still would not begin to lower our REAL debt. We have a spending problem that is being ignored by the administration and the majority of the voters.

    December 10, 2012 12:15 pm at 12:15 pm |
  12. J'Cincinnat'Redd

    Let us be honest. Most people that post comments on cnn blogs clearly want tax rates to go up for the rich,ok im fine with that (for the ones who make 750k and up) 250k is not rich. But i dont hear any of you talking entitilement reform. What is OBAMA going to put on the table?

    December 10, 2012 12:15 pm at 12:15 pm |
  13. Rudy NYC

    "Raising rates on the rich is not going to be enough. "
    --------------
    Spoken as if cutting $150 million from PBS would be enough.

    December 10, 2012 12:15 pm at 12:15 pm |
  14. anonymous

    we need 2 go off the cliff – if we don't , then the repubs will win. If we go off the cliff, then we will have a dem majority in 2014 – if we go off the cliff, then Everybody Pays – "everybody" the only thing is this : the ones with the money or shall I say "wealthy" it will never hurt them, Why ? because they will always be the "haves" of the world. and it won't hurt the poor, because they have always been poor – it will drop the middle class to the "poor" position. but they even struggled in the middle class position. nobody wins – GOP loses, if we go over the cliff, in other words, they lose in 2014, period.

    December 10, 2012 12:23 pm at 12:23 pm |
  15. Darryl

    If entitlements are on the table fine. Stop people getting Social Security if they make more than $ 750,000.00 a year and that includes Medicare. Why in the world would they be recieveing thoese benifits when they have more than enough money to pay for health Insurance and surely can afford the persentage not covered on their policys. And as far as Social Security ? Social Secutiry was designed for people who retired and could have some help with their older age in society they put into for that reason alone. People who are at least 750,000 bracket don't need social security to help with their retirement whatsoever. It was NOT set up for the wealthest people of this country to begin with. And now with the ACA ( Obama care ) everyone has to pay for Health Insurance. Thats already shown a positive drop in the system in reduction of wast and fraudulanty abusive past ect.

    December 10, 2012 12:26 pm at 12:26 pm |
  16. Marie MD

    @jcinci, $250K is not rich, you are right. In the repug world, according to the twit, $250K is middle class.
    That means that most Americans making less than $100K are poor, then again, that is almost not too far from the truth.
    As far as raising the retirement age many folks work in physically demanding jobs and they are lucky to be standing on their own by 65 never mind one or two more years!
    Why doesn't congress retire their members? They are going to get retirement and almost free healthcare and most od them are a useless waste of space and oxygen.

    December 10, 2012 12:29 pm at 12:29 pm |
  17. Data Driven

    Advice to the President: ply the other guy with liquor. Bipartisan magic!

    December 10, 2012 12:35 pm at 12:35 pm |
  18. anonymous

    America went into decline beginning with Nixon giving people like Kaiser free rein in the insurance industry. Then Reagen destroys all fair banking laws and allows banks to become legal loan sharks. Not to mention the Bush's involvement in swindling millions in the savings and loan scandal, walking sweetly away when others would have still been in jail.
    The laws and policies in place now support ONLY the 1%. This has been a systematic
    take-over and most people can't even see it!

    December 10, 2012 12:38 pm at 12:38 pm |
  19. Sniffit

    "We have a spending problem that is being ignored by the administration and the majority of the voters."

    Really? Is that why Obama ran on making cuts in a responsible manner at a rate of anywhere between $2.50-$4.00 in cuts for every $1.00 in additional revenue? Again, stop pretending that anyone has claimed that expiring the Bush tax cuts for the wealthy solves all of the problems all by itself. NOBODY HAS SAID THAT. NOBODY. Do you have trouble with the definition of the word "nobody"?

    December 10, 2012 12:41 pm at 12:41 pm |
  20. Tommy G

    The only reason ANY of this is a cause for concern is because over 3 years after the end of the recession, Obama's economic policies have us stuck in a quagmire of pathetic economic growth, barely enough to hobble along, with an ever shrinking workforce as millions give up looking for work.

    Four more years of this nightmare and you'll see the REAL CLIFF!!

    December 10, 2012 12:42 pm at 12:42 pm |
  21. Rudy NYC

    Tommy G

    The only reason ANY of this is a cause for concern is because over 3 years after the end of the recession, Obama's economic policies have us stuck in a quagmire of pathetic economic growth, barely enough to hobble along, with an ever shrinking workforce as millions give up looking for work.
    -------------
    Please, do tell what his "economic policies" have been. He has kept the Bush Tax Cuts and enacted additional ones. Gee, that sounds exactly like the right wing recipe for "economic prosperity" to me.

    The Bush Republicans created a revenue crisis by cutting taxes, increasing spending, and relazing and ignoring regulations to such an extent that the economy stalled and nose dived into a ditch.

    December 10, 2012 12:49 pm at 12:49 pm |
  22. Tommy G

    Sniffit
    -
    "We have a spending problem that is being ignored by the administration and the majority of the voters."
    --
    Really? Is that why Obama ran on making cuts in a responsible manner at a rate of anywhere between $2.50-$4.00 in cuts for every $1.00 in additional revenue?
    --

    Oh honestly.... nobody on the planet believes this Obama lie. So he has proposed $1.6 TRILLION in new taxes (over and above the HUNDREDS OF BILLIONS built into Obamacare), so where are the details on the $4.0-$6.4 TRILLION in spending cuts that go along with it???

    He has actually INCREASED spending, not cut it.

    December 10, 2012 12:53 pm at 12:53 pm |
  23. 2012liberal

    The real makers r the working poor and the takers r the wealthy that use every way possible 2 not pay taxes. Tax reform and i agree w most, hv medicare and ss means tested!

    December 10, 2012 12:55 pm at 12:55 pm |
  24. rs

    Tommy G-

    Republicans have no answers. I live in Arizona- a hyper Red state-we've been cutting taxes since the 1980s; we have higher unemployment than the national average; more food stamp participation than national average; lower educational achievement and per-pupil spending; our state takes more in federal revenue than it gives (redistribution, anyone?). Clearly our state is not alone, with very few exceptions, red states are worse off.

    December 10, 2012 12:59 pm at 12:59 pm |
  25. Pete

    Medicare,SocialSecurity should be taken off the table ,they're considered "lock box" issues and aren't included in balancing of debts..Republicans in Reagan,Nixon were the ones that stole originally to balance their yearly budgets on the backs of the middleclasses futures in SocialSecurity investments..It's a fact that republicans fail to realize that if it weren't for them these two sucessful programs that Democrates created would be more viable and fruitful in future decades..It's been said that republicans have trillions in monies owed to both programs because of their insistence to steal from them to fix their financial shortfalls...Just see how SocialSecurity created by Roosevelt and Medicare created by LBJ would be if republicans kept their greedy hands from the coffers that help the populus of this nation to get by in their retiring years,they stole from us and republicans should pay for that thieft and they know it!!These two sucessful programs again are not entitlements because its much the same as your common bank savings account but on a national scale and government can't touch that and these should be treated as such!!If you want them viable than keep the monies the millionaires,billionaires invested in these two programs as well as your republicans invested in congress,senate and then you'll see some action to clean up this mess again republicans created!!And if we do go over the cliff it'll benefit the middleclass,poor because this president already has a plan drawn up to keep the tax rates that help the 98% ,all others will revert back to Clintons old rates before Bushs cuts,don't worry Boehner is!!!

    December 10, 2012 01:11 pm at 1:11 pm |
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