Posted on 07/10/2011 8:06:51 PM PDT by tobyhill
President Obama told congressional leaders tonight that he is prepared to make the tough decisions on entitlement spending to reach a deal on raising the debt ceiling and cutting the deficit, a Democrat familiar with the negotiating process told ABC News.
But if Republicans are not willing to do the same regarding taxes, the president asked them during a meeting at the White House, what is their alternative?
After meeting for 75 minutes, congressional leaders will be back at the White House Monday afternoon to continue negotiations.
Monday morning the president will hold a news conference on the matter, making his case to the American people about why tax rates for wealthier Americans and corporations need to be raised as part of a deficit reduction package of at least $4 trillion over the next decade.
Republicans say House Speaker John Boehner, R-Ohio, sought a similarly sized package that would reduce and reform entitlement spending and to cut and cap discretionary spending. The bill -- which would also raise the debt ceiling through November 2012 -- would also contain language committing to principles of tax reform, which key House and Senate committee chairmen would then turn into actual numbers.
(Excerpt) Read more at abcnews.go.com ...
Let ozero come to Congress.
What're you guys THINKING ?
If he caves it could be another “read my lips” moment which the dims would relish.
Boehner and cronies had best take Palin’s advice on this. She has had more executive experience than Teardrop Boehner in such financial quagmires.
making his case to the American people about why tax rates for wealthier Americans and corporations need to be raised as part of a deficit reduction package
IN A RECESSION...
His plan has worked so well so far, why shouldn’t we listen to him again /S
in public, on the House floor, then to Senate, in public...
expose these "gentlemen", for what they truly are....########!
Just pass the bill you want GOP Congress. Force Harry scReid and the weasels in the Senate to sign or reject it. Bypass the pricktator in the WH-—for now!
Amen. I mean just damn... maybe this is what ozero talked him out of on the 14th green.
We need to pass a bill what just exactly what we want.
We are so screwed , why do our elected officals inform the public what is on the table.
Have CBO score it for 10 years.
“President Obama told congressional leaders tonight that he is prepared to make the tough decisions on entitlement spending”
Last I heard, this was a reduction of $100B over ten years by way of reducing the COLAs!
So, his proposal is some pie in the sky BS paper work exercise while he proposes to immediately raise taxes. FWIW, I don’t fall in the group under the alleged bracket however this is like being a little bit pregnant, once it starts, it does not end there.
BTW, how about we put more people back on the tax rolls? Seems to me if we are having shared sacrafice, the onus should be on all. Of course, as that group went over the 50% of the electorate level or is close to it, it is NEVER going to happen.
What’re you guys THINKING ?
They are thinking how to who-do us into believing whatever deal bonehead cuts is a good deal. Can u say Continuing Resolution reduex
Republicans have to start plain talk about taxes. Taxes have already been increased substantially. The Democrats increased individual and corporate taxes in Obamacare. The plain talk is that Democrats want to increase taxes again. Republicans should also focus on the tax freeloaders. The fifty percent of tax filers need to pay at the 10 percent rate. Dump all refundable tax credits and make them pay.
agreed, can’t wait until i hear how many “trillions” in “savings” this crap sandwich contains!!
hello tobyhill,
20 to 1 boehner folds like a cheap suit?
I go offshore fishing and see jellyfish all the time with bigger spines.
I’m thinking that after the CR fiasco he may have wised up. Keywords, “may have”.
Eventually they will take a deal back to the US House of Representatives. But, it's going to be very, very difficult to get a deal that will pass the US House and the US Senate and signed by the President.
In fact I believe it to be impossible until one side believes the are in polling/political hell.
Both sides will be taking their point of view to the media and the electorate.
We are in for a truly grand fight. The GOP knows that if they don't get REAL CUTS at least equal to the size of the debt increase AND no tax increases, they are dead come Nov 2012.
Their careers will be over.
It took Boner too long but he may have been awakened by the mobs with torches and pitch forks at his door. Folks are in a lynchin' mood.
And then the US House should take it's normal summer recess. Come back in September.
I thought they already had-Ryan’s budget plan.
KEEP IT UP, BONER!!!
Perhaps they could utilize a few quotes from Thomas Jefferson:
To preserve [the] independence [of the people,] we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. If we run into such debts as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our callings and our creeds, as the people of England are, our people, like them, must come to labor sixteen hours in the twenty-four, give the earnings of fifteen of these to the government for their debts and daily expenses, and the sixteenth being insufficient to afford us bread, we must live, as they now do, on oatmeal and potatoes, have no time to think, no means of calling the mismanagers to account, but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow-sufferers." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:39
"I deem [this one of] the essential principles of our government and consequently [one] which ought to shape its administration:... The honest payment of our debts and sacred preservation of the public faith." --Thomas Jefferson: 1st Inaugural, 1801. ME 3:322
"I sincerely believe... that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816. ME 15:23
"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:40
Most Americans, seeing the joblessness, the hopelessness, and the frustration of their unemployed family and community members, would understand such plainspoken honesty, coming from principled men in either political party who will not fold in the face of challenges by the "One" who has championed this redistributionist borrowing spree, along with his fellow hucksters, Pelosi and Reid.
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