July 26th, 2011
08:07 PM ET
12 years ago
Lawmakers struggle to break stalemate in debt talks
Washington (CNN) - A day after competing nationally televised speeches by President Barack Obama and House Speaker John Boehner, talks on a debt-ceiling deal to avert a government default next week generated fresh hostility Tuesday amid some signs of possible movement.
While political leaders continued sniping at each other's latest proposals, conservative Senate Republican Leader Mitch McConnell called for renewed negotiations with Obama and indicated his party must be willing to move away from some of its demands.
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The president should use the forth amemment and then fight it out in court.
There is apparently no way to compromise with the GOBP when their motto is "help the greedy, not the needy." The teatards flatout refuse to call on their fellow corrupt corporatist cult members to make sacrifices, while expecting the rest of us to pick up the slack for these greedy and un-American corporate welfare queens. Talk about unnecessary entitlements!
I am sick of the pundits blasting Obama for continuing to talk about a balanced approach when the 2 plans (which have little change of passing both houses) by Reid and Boehner do not increase revenue. Obama is correct in saying that EVERYONE needs to pitch in and sacrifice a little. S&P has said that both the Reid and Boehner plans may not result in enough debt reducition to put off a downgrade in our credit rating.
The Gang of Six proposal has had the most bipartisan support of any plan to date. The problem is squarely with the tea party extremists who have taken over the House and they need to be smacked around and put in their place.
We need a balanced approach so that the middle/working class don't shoulder all of the burden while the rich do nothing. The rich aren't creating jobs anyway so they might as well do SOMETHING to help.
I hope all of these tea party freshman Congressmen get their offices FLOODED with angry citizens demanding a balanced approach. Spending cuts sound all nice until someone doesn't get their Social Security check – then watch how fast these guys change course.
Pass debt ceiling, Raise taxes on wealthy, cut defense, not medicare, and social security. o.k, Watch social security cheats....o.k,
"There will be no compromise." Spkr. John Boehner, Dec. 2010
"We need a long term solution, not a short kick down the road." Rep. Eric Cantor, June 2011
"My two step plan has...." John Boehner, July 2011
Sounds more like the Republican party needs to work out a compromise within itself.
I am deeply upset and disgusted with the members of congress. Instead of patting each other on the backs for not compromising, they need to get the job done. Less time complaining and more time spent putting the pencil to the paper. It should not be left to the President to address the people because of a week Congress. It is time to clean house and start over. If my was not happy with my work he did not go out side the plant and whine about me, he would address the issue and monitor my performance and take appropriate corrective actions. The same should be done here. Time for corrective action. The members of congress know that the American public is furious with their lack of performance.
He is not going to convince the sensible people of this country to allow him to continue with his wasteful spending. The result will be as bad or worse than default.
He is liar, and a manipulator, who wants to place the blame for this on the opposition, when in fact the blame is mostly his. He is the one who has run up the debt beyond any sensible level, and placed us in the position of bankruptcy, of the country. Just last week he gave away millions, he didn't have, to Somalia.......and that was no different than throwing the money in the trash!
This entire debt ceiling debate is a controversy manufactured to keep the American people's eye off the ball. To distract us from the real issue of jobs.
Draconian spending cuts will take hundreds of billions out of the economy and will actually destroy jobs instead of creating them.
The way out of a recession is to spend your way out. Increased trade and commerce creates a demand for jobs, which puts more money into the economy to be spent. An economy can feed itself, or destroy itself. Suddenly taking large amounts of capital out of the economy through massive gov't spending cuts will only hurt the economy.
If August 2nd comes and they have not come to an agreement then they should not get paid. We should hold them accountable for not working together and putting country first. I want the old, sick, poor and disable to get my hard earned tax payer dollars not these selfish political leaders.
Boehner lied repeatedly last night in his speech. His was characterized by smart-alecky, sophomoric quips while the President was professional, factual, and gracious to Mr. Boehner. Quite a contrast.
I support President Barack Obama and his called for a balanced approach that would narrow our deficit through increased taxes and prudent cuts in our expenses.
Agree to kill the loopholes NOW you Republicans.
get out of two wars... that save a ton.. drug test anyone who recieves government help.. that would save a ton..butr we wont were guttless....
ENOUGH with compromise.
What they really need to be discussing is three things they won't discuss: more limitation on foregih aid, [we don't have the resorces] outsorced jobs [we need the jobs here] and enforcing illegal hiring laws[the illegals will just go home] If they could solve these three things there may not need to be any worry about the debt ceilling.
"Obama is correct in saying that EVERYONE needs to pitch in and sacrifice a little"
Who is everyone...how will you be sacrificing? Listen, I don't make $250k a year so my taxes wouldn't go up (yes, they are taxes. I love how Obama refuses to use the word and instead says "revenues"). I would be fine if taxes went up, but only if two things happened first:
1. Tax codes are changes so that S Corps (i.e. small businesses whose revenue flow through the owner's personal income tax returns) are somehow separated from personal income. This is no time to raise taxes on small businesses.
2. The cut-off is increased from $250k to $400k. Obama came up with an arbitrary number, picked out of a hat! If you are a family of four living in NYC, you are not rich if your family income is $250k. You aren't poor but you certainly aren't rich.
Keep the pressure on the GOP, Mr. President. Make the American public see this partisan, party before nation fiasco for what it is so that when they go to the ballot box in 2012, they will flush out the House GOP.
And this is how it is, ladies and gentlemen: Obama calls for compromise, Republicans take hostages. True, Republicans may be more effective at getting their way- but with 70-78% of Americans disagreeing with them, it may be their political suicide we're watching. Need a little more rope there, Boehner?
I hope all who write to the Ticker, and those who follow it, are writing your Congressmen.
Welcome to the Cold Hard facts of life. Don't like what you voted for? The Liberals and Democrats want to run the Country but they want the Conservatives and Republicians to pay for it. If you need a Bailout get yourself a bucket and start bailing. My bucket is full. It looks like it will be a while before the "Banker" gives out any more money.