Obama and Biden to powwow with Reid and McConnell on debt talks
June 24th, 2011
11:56 AM ET
10 years ago

Obama and Biden to powwow with Reid and McConnell on debt talks

(CNN) - President Barack Obama and Vice President Joe Biden will meet Monday with Senate Majority Leader Harry Reid, D-Nevada, and Senate Minority Leader Mitch McConnell, R-Kentucky, to discuss "the status of the negotiations to find common ground on a balanced approach to deficit reduction," according to a White House statement released Friday.

Listen: CNN’s Candy Crowley and Bob Costantini talk about the president’s Afghanistan address to the nation; and the breakdown in negotiations to avoid Uncle Sam defaulting:

Obama and Biden will meet with Reid in the morning and McConnell in the afternoon, the statement said.

Filed under: Debt
soundoff (71 Responses)
  1. ThinkAgain

    Mark in Kansas: Get real! The President has done everything he possibly can to turn our economy around – which it is slowly doing.

    The Republicans have drug their feet like the whiny little children they are, every single step of the way.

    You know what really blows my mind, though: After the 2010 mid-terms, Boehner and all those other yahoos yammered on about how "The American people have spoken" as their argument for the President to do things their way.

    Yet in 2008, when the Democrats took the White House, Congress and the Senate, where was Boehner and his flapping lips about "the will of the people"?

    If that doesn't prove beyond a shadow of a doubt just who the Republicans care about (hint: Themselves, their party and their corporate sponsors), then I don't know what does!

    June 24, 2011 12:45 pm at 12:45 pm |
  2. 2bits

    Keep Obama out of the talks he is a moron economically and failed Economics for Dummies.

    June 24, 2011 12:45 pm at 12:45 pm |
  3. Spartan

    I don't generally make comments on these threads, but, I have really been surprised lately at how similar our world is to when Jesus was here! The people were all looking for this political "savior" to fix everything....why o why do we look for a human to fix the ENORMOUS issues that pertain to this world?? Its a flawed mind set!!! Its like we vote a person into office to fix everything while knowing all along that he/she is just our scapegoat for the issues that continue to be recycles throughout history...

    June 24, 2011 12:46 pm at 12:46 pm |
  4. ThinkAgain

    Sniffit: Hear, hear!!!!

    June 24, 2011 12:46 pm at 12:46 pm |
  5. Sniffit

    "Because the historical debt increase in the last four years isn't destroying America as we know it?"

    The vast majority of our debt and deficit problems stem directly from GOP policies put in place during the Bush administration THAT THE GOP WILL NOT LET US RESCIND (massive tax cuts) or could not just be wiped away (Iraq and Afghanistan) by waving a magic wand and sprinkling pixie dust everywhere. Go head and google the charts and graphs that show the relative contributions of the Bush era policies and Obama's policies to the national debt and deficit. They show beyond doubt that Obama's contribution to the problem PALES in comparison. Go ahead. Google it and inform yourself...what's that...you don't want your preconceived tinfoil hatted partisan talking opint ideologue notions to be debunked so you're not going to go inform yourself? What a surprise.

    June 24, 2011 12:46 pm at 12:46 pm |
  6. Anonymous

    A good way to lower oil prices and make the medeast irrelevent would be to announce the creation of a national solar power refuge. You build a solar panel factory at the site and in ten to fifteen years, free power. You need an area 100 miles by 100 miles in the desert, say white sands New Mexico. The oil price drops on the announcement and the Arabs will be falling over each other to pump oil as fast as they can.

    June 24, 2011 12:46 pm at 12:46 pm |
  7. The Elephant In The Room

    Mr. President –

    Go on the air with 1 or 2 simple "Ross Perot like" charts.

    Show the public two columns of actions;

    A) to cut spending and
    B.) to raise revenue.

    Show the $$ impact that each would have on the deficit over the NEXT FIVE YEARS. (Instead of some ridiculous 20 or 30 years)

    Share with the America citizentry that THIS is the framework for the debate. You FRAME IT. This will place the "surveryor symbols" on McConnell, Cantor, Boehner & the rest of the GOP. Put the Republicans on notice that if THEY reject working within this framework that it will be clear to CITIZENS that THEY ARE OBSTRUCTIONISTS. Then let's see how they behave.

    One thing John McCain promised obstrutionists regarding earmark reform during his presidential campaign was that "The American People Will Know Your Names" if they got in the way of results. This sort of public confrontation may not be your style [black men apparently can't be confrontational in professional settings without getting unfairly labelled] but it is time for you to bring this kind of transparency to Washington.

    The vast majority of the public will back you sir!

    June 24, 2011 12:48 pm at 12:48 pm |
  8. socal frank

    The Republicans are holding a gun to Obama's head – and if he gives them what they want – that's when they will pull the trigger.

    June 24, 2011 12:49 pm at 12:49 pm |
  9. ThinkAgain

    2bits: On what do you base your assessment of the President's economic acumen? The fact that his policies kept our country from going into a Great Depression?

    Perhaps you should review your basic math and history: GW Bush (unprecedented in our nation's history) cut taxes during war time. He also kept the cost of two wars off the books. In the face of the budget surplus he inherited turning into a huge deficit, he cut taxes more (unlike Reagan, who had the good sense to RAISE TAXES 9 TIMES DURING HIS PRESIDENCY).

    If you're looking for a economics moron/dummy, look no further that GW Bush and all the Republican adherents to trickle-down (tinkle-down) economics WHICH DOES NOT WORK!

    June 24, 2011 12:49 pm at 12:49 pm |
  10. Anonymous

    I understand that there is an actual phisical differance in the brain of a republican compaired to a dem. This is no joke. the brain funtion is differant. Thats why one side can't understand how they think the way they do

    June 24, 2011 12:50 pm at 12:50 pm |
  11. Name

    The middle class are not the poor. Also I went to public school, worked three jobs to pay my way through college. Let me say first I am not opposed to helping others and give to charity, but why should my taxes increase to pay for someone else poor life choices. They had the same opportunities as me and choose not to take them.

    June 24, 2011 12:50 pm at 12:50 pm |
  12. S.B. Stein E.B. NJ

    The question is will McConnell actual bother to show up and listen. If he says that there is no way for a tax increase, then I say the president announce that first and show some general guide lines that he wants done in an agreement to raise the debt ceiling. The tax cuts that were announce by Bush and approved by the Republican controlled Congress were done with borrowed money. That shouldn't be done because it didn't help the economy and increased our debt. Tax cuts don't do much if anything at all.

    June 24, 2011 12:52 pm at 12:52 pm |
  13. ThinkAgain

    Spartan: What are you saying? Just throw up your hands and hope Jesus fixes everything?


    Sorry for the shouting, but I get so tired of people not taking responsibility for their actions and hoping some magical religious fairy will come down and fix everything.

    God's gift to me if my life, and my gift to God is what I do with it.

    Get off your duff AND DO SOMETHING!!!

    June 24, 2011 12:52 pm at 12:52 pm |
  14. wade

    The Obama TAX CITS- Oh that is right Liberals they are now the Obama TAX CUTS since he passed them were just passed last year and now he wants to raise the taxes in the middle of a recession to kill even more jobs. This man is insane ! this never going to happen CUT THE DAM SPENDING do that and only that and then MAYBE we can talk about raising the debt ceiling which of course will be Obama 4th time of raising it and proof beyond any doubt of his total failure as president.

    June 24, 2011 12:54 pm at 12:54 pm |
  15. jschmidt

    The last budget past was reduce by 61 billion of 1.14% of the budget. THe Democrats said the world would end, the poorhouses started and cutting that much was going to cause a world of hurt. THe Dems are not serious about cutting budgets. Obama is invisible to anything to help the country. He makes speeches to get re-elected, makes military decisions to get re-elected or he's on vacation. The US government has too many employees, created too many regulations that prevent business from doing their jobs of creating jobs and making a profit. Government needs to get out of the way and the Dems need to do it too.

    June 24, 2011 12:55 pm at 12:55 pm |
  16. A J

    I love how the Republicans say they want to reach a compromise but they won't compromise. They want the Democrats to give them everything they want. How is this a compromise. The reason the Republicans don't want the tax increases is not because it affects the middle class. It is because the tax increases proposed by President Obama and the Democratic party will raise taxes on the rich. If the Republicans allow the tax increasesthen they will lose their power base and their meal tickets.

    June 24, 2011 12:57 pm at 12:57 pm |
  17. ThinkAgain

    The Republicans are caught up in what I call the Sweater Principle:

    If they were to man-up and admit that their economic theory of trinkle-down/pander to the wealthy and all will be fine HAS BEEN PROVEN TO NOT WORK, their whole reality would start to unravel.

    I know that's a tough one, but personally, I would rather they deal with that than let them take our whole country down the tubes.

    I spent time in a third-world nation growing up and know first-hand what it looks like for the average person. Not only is it tragic, it is obscenely wrong. Our country is better than that; it is time WE become the next Greatest Generation, reinvesting in our people and our infrastructure, and rewarding those companies and people that put the long-term prosperity of the U.S.ahead of their short-term profits.

    June 24, 2011 12:58 pm at 12:58 pm |
  18. Tony

    It is obvious that giving the Republicans control of the House has been a complete failure. I would like to know one damn thing they have accomplished to improve the average American's life. The only thing the Republicans have accomplished is to stop the legislative process. Politics is the art of compromise to achieve the best outcome for everyone. Republicans view of politics is it my personal point of view and my constituents and the rest of the country be damned.
    I am feed up with Reid, Boehner and McConnell.

    June 24, 2011 12:58 pm at 12:58 pm |
  19. Rudy NYC

    Here are the facts of our economy over the past 30 years. Everytime we have implemented aggressive tax cuts for the top wage earners, the economy sank into a depression while those top wage earners did very well. They only way out of those recessions were through tax increases. Those are the facts. The only recession that we have not climbed out of is the current one because we have not "undone the dumb" tax cuts pursued by Republicans.

    June 24, 2011 01:00 pm at 1:00 pm |
  20. Polly

    @ anonimous.
    Can we afford to buy all this solar panels from China?In 10=15 years it will be to late.And all the water solar panels need.Were will you get it in the desert?

    June 24, 2011 01:00 pm at 1:00 pm |
  21. kurtis

    Mr. President, please don't interfere with the negotiations. If the whiny little snot of a ne-nazi Cantor wants to throw a tantrum and walk about from doing his job, then let the American economy fail. The entire world is watching and waiting and will know who to aim at if their savings, their 401K and other retirement vehicles disappear. Those worthless bastards will be lined up against a wall, and a permenent recall will occur on the spot. It's time to prove once and for all that Republicans are the greatest threat to the American economy. Call their bluff Mr President.

    June 24, 2011 01:01 pm at 1:01 pm |
  22. Rieckster

    Top lawmakers???? How about you do something smart for once and talk to top ECONOMISTS and those who have made and saved millions. Why are you trying to make one job work for another? That's about as dumb as a president making decisions for a military he's never served in. Oh wait! Nevermind.

    June 24, 2011 01:01 pm at 1:01 pm |
  23. h8 repubs

    Why these unpatriotic repubs keep getting elected is beyond comprehenssion

    June 24, 2011 01:03 pm at 1:03 pm |
  24. Scott

    I thought Obamacare (includes Medicare) was going to be paid for by taxing the rich. Now without taxes all we get is an additional 2 trillion dollar debt.

    June 24, 2011 01:03 pm at 1:03 pm |
  25. Tulsa

    Better that nhe Republicans,
    Borrow, borrow, borrow, spend, spend, spend....... then blame the Democrats.

    June 24, 2011 01:05 pm at 1:05 pm |
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