Liveblog: Obama addresses the nation on debt
July 25th, 2011
08:54 PM ET
11 years ago

Liveblog: Obama addresses the nation on debt

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

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

Filed under: Congress • Debt • Deficit • President Obama
soundoff (306 Responses)
  1. St. Louis

    Mr. Boehner, how come no one can send you an email message? Get your butt to the White House and get the job done.

    July 25, 2011 10:38 pm at 10:38 pm |
  2. Speaker 07

    Rep. Boehne did not metion the fact that increasing revenue has a dramatic effect upon reducing the national debt. He did not state that the revenue badly needed at this time would come from the Americans most able to pay higher taxes and from the huge corporations and hedge fund managers that pay very little in taxes compared to the profits they make as American companies and the priviledges that come with operating business in America. Rep. Boehner talked of being a small businessman and how he ran his business. I have no doubt that he worked harder to increase the income to his business and he did not cut his expenses very much. It is more likely that an increase in revenue is the solution most of us take and it should be the same with the USA!!!! Thank You.

    July 25, 2011 10:38 pm at 10:38 pm |
  3. Steve Hendry

    Well let's see – cut the deficit, how about a $350billion cut to the defense budget – $3.5 trillion over 10 years. How many $5million missiles do we need to fight wars in Libya, Afghanistan, Iraq, etc. Osama is fish food, bring in the reins. If you want your defense $ back, then pass cap and balance for American jobs to be brought back to America. If we had more high paying jobs here than giving them to China and India we would have the tax revenues to pay for discretionary military spending.

    My mom is 90, she has dementia. She lives in a modest assisted living facility. She worked from 13-70, paid taxes and just had nothing left after helping 4 kids through school. She noW gets benefits to live in this facility to help her. According to you mental incompetents, she doesn't deserve that nor her meager social security check that leaves enough for a monthly haircut and manicure.

    I hope all of you that support cap and c$ap have the same illness and wind up under a bridge eating out of a garbage can – that's what you deserve. We are the only country in the world that treats our citizens worse than our pets. All of you that support TEA moronics should be ashamed of yourselves.

    July 25, 2011 10:38 pm at 10:38 pm |
  4. Glenn Noller

    I support a balanced approach that includes both tax reform along with deficit reduction. Seems like a no brainer to me!

    July 25, 2011 10:38 pm at 10:38 pm |
  5. bdillahu

    Just because we hit the debt limit doesn't mean we automatically default. We can still service our debt obligations, if they will just do it. We just have to stop spending more than we bring in per month (kind of like I have to do at home). As I have heard, we could pay the debt service, all of Medicare and SS and have quite a few billions to spare every month. Let's be looking at those options.

    July 25, 2011 10:38 pm at 10:38 pm |
  6. marje

    It is hard for me to understand why the GOP feels it is OK to lower Social Security and Medicare benefits and not ask the rich to pay their fair share.
    Come election time I feel the GOP will feel the wrath of the seniors.

    July 25, 2011 10:38 pm at 10:38 pm |
  7. brenda

    Does anyone besides me see that this problem didn't just start with President Obama, but with the previous presidents. iI wish that everyone would stop criticizing him. if you think you can do a better job than him then you would be president and not him.

    July 25, 2011 10:38 pm at 10:38 pm |
  8. Shankar Parajuli

    Speaker Boehnar needs to think past the election of 2012 and stop breeding a temporary idea of kicking can down the road.

    July 25, 2011 10:39 pm at 10:39 pm |
  9. Name john

    For the sake of the country, please mr. President, let the republics have there way on this one.

    July 25, 2011 10:39 pm at 10:39 pm |
  10. Vincent Vescovi

    Republicans refuse to raise taxes on corporations & the wealthy because they say the extra money they don't pay in taxes will be used to stimulate the economy. How can they be so sure that the corporations & the wealthy won't just pocket their extra money?? Businesses right now have record amounts of money on hand & they are not spending it to stimulate the economy. Seems to me that their logic has some flaws.

    July 25, 2011 10:39 pm at 10:39 pm |
  11. Bruce McHale

    This is a mess – This mess started when Democrats were complacent and did not go to the polls and vote in 2010. This is what they ended up with for sitting at home. Now that we are here – There should be a way to get this done – use the 14th amendment and raise the debt ceiling

    July 25, 2011 10:39 pm at 10:39 pm |
  12. steve hoefling

    sounds like there are several answers.None of them PERFECT OR RIGHT. Now, let's all hope & pray they are smart enough to pick one.

    July 25, 2011 10:39 pm at 10:39 pm |
  13. Lee

    Say that we cut every government spending program (without
    exception) by 3% to 9%.
    "Without Exception" includes entitlements, defense spending,
    earmarks, EVERYTHING gets cut by X% equally. No exceptions is
    very important. X% is the amount needed to balance our budget.

    From the governments point of view, the budget becomes immediately
    balanced, with no favoritism shown to ANY spending program. This
    will effectively "push down" the budget problem into each
    individual program and/or person. There is a positive final

    It then becomes the responsibility for each affected program (and
    person) to "fix" their individual budget by managing more
    responsibly. The smallish percentage reduction in everyone's
    budget will tighten belts, but hopefully not destroy.
    It will cause a budget "push down" effect for all systems. The
    change needs to be directed at improving efficiency.

    July 25, 2011 10:40 pm at 10:40 pm |
  14. Jim

    I have 3 major problems with this bill.

    1.- The Balance budget is huge: We would no longer be able to Declare National emergencies.
    A.- This would mean the states could no longer have a Balance Budget because they would have to pay for the Hurricanes, Tornadoes, Earthquakes, or floods.
    B.- We would have to dismantle FEMA. The states could no longer complain that FEMA was slow.

    2. – The defence Department could no longer be used. It would take 2/3 vote to reply to attacks such as 9/11 or Pearl Harbor.

    3. – There are NO provisions as to what would be cut. I saw the bill and it said 19% of GNP in the cap and 6trillion in cuts but it does not say what would be cut.

    July 25, 2011 10:40 pm at 10:40 pm |
  15. James

    I dont understand the absolute stupidity of our politicians. The cut cap and balance solution seems logical and if it ALSO had tax increases (small for lower and middle class and larger for upper class) it would put us well on our way to being fiscally responsible. I am sick of all politicians gambling with our futures. All of us need to take a long look in the mirror and use some common sense. A tax increase of a couple percent and asking our elected officials to live within their means is not asking the world. If everyone makes a few small sacrifices now we will be able to dig ourselves out of this hole a lot more quickly than if our credit rating is slashed.

    July 25, 2011 10:41 pm at 10:41 pm |
  16. Bob

    There was nothing new tonight except the President calling on the average citizen to try to light a fire under their representative and senators to get this done. This is not a new idea (raising the ceiling), almost ever president has done this before, including the repubs!

    July 25, 2011 10:41 pm at 10:41 pm |
  17. Jean Moore

    When is this country ever going to admit that Obama won the election – let him govern – part of the reason the stimulus did not do as good as it could have is because Republicans insisted on tax cuts – for the past 12 years we have had tax cuts – and where are the jobs that all these tax cuts created!~! In time of need and this country is in time of need we all need to help including the top bracket wage earners in this country. The debt crisis has nothing to do with the budget – pass the permission to raise the debt then deal with our spending.

    July 25, 2011 10:41 pm at 10:41 pm |
  18. Sheryl Wilson

    I completely agree with President Obama that the agreement should be fair and balance and not stacked against average Americans. They should cot waste and loopholes and not the benefits that the average working American will depend on need. They should not protect the wealthy of the backs of working class people.

    July 25, 2011 10:41 pm at 10:41 pm |
  19. dfluette

    The time has come for both parties to find compromise and get the work at hand done in Washington. Spending cuts are needed but we should not have to penalize our elderly just because the wealthy republicans are not willing to pay their fair share. The name calling needs to stop and the temper tantums as well. Obama and Boehner need to set down and work the deal if not there is much more at stake for the American peope and our economy.

    July 25, 2011 10:41 pm at 10:41 pm |
  20. Rodney Raanan

    Get this clown out of there. Stimulus stimulus what stimulus. Government is a joke the bigger it is the worst off america is. Republicans got him now hes crying on national tv. When has a president begged and whined like this one. Still blaming the previous president. Hah. O should start singing swing low and leave his shoes in the st

    July 25, 2011 10:41 pm at 10:41 pm |
  21. SmokyMountain

    I feel very concerned about the debt our nation has has accumulated over the past few years. My family has lost our home due to circumstances beyond our control (health), and yet we have been able to pay our bills and continue paying our medical bills, electric bills, food bills, and all necessary monies to survive. We've used common sense and paid off our credit cards and our auto loan so that we could focus on the matter at hand. I don't understand why our leadership has not followed the same rule of thumb.

    July 25, 2011 10:42 pm at 10:42 pm |
  22. Shirley Emery

    I will never vote for a republican again and i will never vote for an incumbent in the democratic party, Lay off social security and Medicare. Any one with any sense at all knows the tax loop holes need to be closed and the wealthier americans should pay there fair share of taxes, which they have never done.. President Obama, Go with the 14th and pass the debt increase and say the heck with the congress.

    July 25, 2011 10:42 pm at 10:42 pm |
  23. MikeH

    Republicans continue to perpetuate the lie that President Obama wants to raise taxes on everyone when in truth taxes would only go up for the wealthiest Americans. Are people blind or just stupid not to see the leading Republicans games?

    July 25, 2011 10:42 pm at 10:42 pm |
  24. Charles Richardson

    I guess this is what our tax dollars, votes has come down to. Kids who can not come to an agreement on what flavor ice cream they like the best. Maybe i will vote for my seven year old daughter on the next elections. why because truly she really does know what she wants and willing to compermise until she gets it. All of you little kids whome set on the hill really need to get your act together. Really if the goverment go's belly up the effect will unleash an unwanted taste in the american mouthes., and will have other countrys looking upon us as weak and mindless. Wake up all of you on the hill. Leader of the nation, free world., i fear not. Leaders always know the right path, confused people are all spread out with no direction. like congress and the senate are now. So i ask where are we trying to go here.

    July 25, 2011 10:43 pm at 10:43 pm |
  25. George Lincoln

    It's a sad day when NFL owners and players outperform our politicians in the art of negotiation and compromise. Perhaps we should send them to washington and let the politicians battle it out on the grid iron

    July 25, 2011 10:43 pm at 10:43 pm |
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