Posted on 07/30/2011 4:25:46 AM PDT by Sub-Driver
Obama: House Republicans wasted 'precious days' with Boehner plan By Gautham Nagesh - 07/30/11 06:00 AM ET
President Obama used his his weekly address to call out House Republicans for holding up the process of getting "our fiscal house in order."
"Republicans in the House of Representatives just spent precious days trying to pass a plan that a majority of Republicans and Democrats in the Senate had already said they wouldn’t vote for," Obama said in the Saturday morning message.
Late Friday, the House narrowly passed legislation authorizing a limited increase in the $14.3 trillion debt limit in exchange for more than $900 billion in spending cuts. The plan introduced by Speaker John Boehner (R-Ohio) was quickly halted by the Senate.
"I have to say, Democrats in Congress and some Senate Republicans have been listening and have shown themselves willing to make compromises to solve this crisis," Obama said.
"Now all of us – including Republicans in the House of Representatives – need to demonstrate the same kind of responsibility that the American people show every day," Obama added. "The time for putting party first is over. The time for compromise on behalf of the American people is now."
The president warned that a failure to pass a budget deal before Tuesday could result in the U.S. losing its Triple A credit rating, which would result in higher interest rates on mortgages, car loans and credit cards.
"That would be inexcusable, and entirely self-inflicted by Washington," the president said. "The power to solve this is in our hands. All that's needed is a simple vote that Democrats and Republicans have taken for decades."
Obama said the two parties are "not that far apart" on a final deal. He said a rough agreement has been reached on how much spending to cut and on a process to tackle tax and entitlement reform. But he emphasized that raising the debt ceiling is an issue of the nation being able to pay its existing bills, not new spending.
Raising the debt ceiling "gives the United States of America the ability to keep its word," Obama said. "And it will let businesses and our economy breathe a sigh of relief."
The president argued the House GOP plan would force the government to re-live the same tense situation in a few short months and said any solution to avoid default must be bipartisan so it can pass both chambers of Congress.
Two plans out of the House. Nothing out of the RAT branches. Isn’t it about time for the rookie Hussein to play some golf?
We need to get the message out that there will be no default unless someone deliberately makes that choice and a credit downgrade is coming anyway.
Playing politics despite his repeated assertions and claims to the contrary....how quaint. Not! =.=
It will take decades to fix what this SOB POTUS fraks up in 4 years; bet.
FUBO!!!
Obama is a waste of life
He’s such a whiner.
getting “our fiscal house in order.”
His idea of getting our fiscal house in order is shop until you drop. Spend, borrow, tax, print likes there no tomorrow.
The meaning of "compromise" to the Democrats - Republicans give in to Democrats.
Twenty-two would simply not drink the cup of poison that Obama and Reid placed in front of them.
Just goes to show that a broken clock is right twice a day...even if it doesn't know it's right.
TOTUS is absolutely right on this issue.
The House passed Cut, Cap, and Balance. They should have gone on to another issue afterwards.
LLS
Yep - "We already told you how we want it - now play nice and do it our way..."
No wonder he's angry.
Well, how did we get to this point, Barack? After all, the House Repubs have only had the majority since last fall. Harry Reid is the one who said back then that April ‘11 was soon enough to start taking a look at raising the debt ceiling. That way it would be done on the House Repub’s watch, not under Nasty Pelosi.
I guess neither Reid nor Obama ever DREAMED that the House Repubs would get uppity.
onama wastes precious air every time he inhales, and pollutes the air around him every time he exhales.
Fortunately, time, like air, keeps going. And this time, it belongs to US.
obama? YOUR TIME IS UP!
Well there it is...
And the Republicans thought they were gonna dodge blame.
-——a credit downgrade is coming anyway.-——
The message yesterday is it’s Tea party fault if down grade happens. The down grade is certain. The Fed is responsible for the downgrade. The coming rise in rates has been known since the real down grade, the announcement by PIMCO in January it was out of US securities. S&P and Moody are actually late in making the announcement. The announcement is now tainted, stained if you will, with politics.
The rise in rates will be necessary to dredge up some customers for bonds. Every body knows it
That’s not playing well.
The leftys I deal with notice that Obama has voted present and Reid is just yakking.
Not good for the left when their game plan is noticed by the obtuse left-minded.
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