Posted on 07/05/2011 9:46:13 PM PDT by fight_truth_decay
Transcript
JUDY WOODRUFF: President Obama announced late this afternoon that he will host the bipartisan congressional leadership at the White House Thursday for continued talks on a deal to reduce the deficit and raise the nation's debt limit.
He went before cameras at the White House today to argue what he sees as the terms of debate ahead of this next round of negotiations.
PRESIDENT BARACK OBAMA: It's my hope that everybody is going to leave their ultimatums at the door, that we will all leave our political rhetoric at the door, and that we're going to do what's best for our economy and do what's best for our people. And I want to emphasize -- I said this in my press conference -- this shouldn't come down to the last second.
JUDY WOODRUFF: Last week, Jeffrey Brown sat down with White House Chief of Staff Bill Daley to get the administration's take on the negotiations.
Tonight, we bring you the Republican point of view.
Sen. John Cornyn of Texas joined me from Capitol Hill a short time ago. He chairs the National Republican Senatorial Committee and sits on the Senate Budget and Finance committees.
(Excerpt) Read more at pbs.org ...
Judy's Buts:
"But if Democrats are prepared to give ground on entitlements, on Medicare and Medicaid, why can't Republicans.."
"But it's not -- it's not just tax rates that have been low or tax revenues that have been low compared to what they were for the last 60 years. Corporate tax, as a percentage of domestic -- gross domestic product lowest that it's been in a very long time. We know corporations are sitting on a lot of money..."
"But, meanwhile, you're watching business owners, corporate CEOs not share in the sacrifice. "
"But let me ask you about what bipartisan folks like Erskine Bowles, Alan Simpson, the Center for a Responsible Federal Budget, I mean, they're saying there's simply no way to get at this huge $14 trillion debt just on the spending side..."
Cornyn's Buts:
"...but, unfortunately, the president is kind of late to the game. He delegated this to Joe Biden.."
"But what it sounds like the president really wants is, in exchange for spending cuts, he wants to raise taxes on individuals, including job-creators here."
"...but they're sitting on that cash because they don't know what's going to happen in terms of tax rates and in terms of regulation, in terms of what the health care costs...
"But, again, I think the last thing I would think you would want to do, when the recovery is so anemic..when the private sector is sort of sitting on the sidelines because they don't know what the costs of doing business are going to be"
"But what I think David Brooks ["Republican Party doesn't accept the logic of compromise...a movement with no sense of moral decency"] underestimates is what it's going to take to pass this...it's going to take more than the president having a press conference or having a meeting."
John had his way with her.
In the words of PeeWee Herman, “Everyone I know has a big ‘but’...”
If everyone acknowledges that we’re in crisis mode at the present, then let’s not play games with the ten year spending cuts. Keep it in the present. Talk about the proposed income and spending for next year. Got to aim for cutting the deficit by a minimum of a third next year...three years to balance, based on balanced budget amendment. No tricks either side.
If the Republicans stand firm, Obama will be an lame duck in less than 30 days...
I didn’t think he was very effective.
[leave their ultimatums at the door, that we will all leave our political rhetoric at the door...]
Would that be the same door that Republicans were banned from entering by democrats ...THAT door?
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