Posted on 07/13/2011 7:18:37 PM PDT by tobyhill
U.S. President Barack Obama clashed with Republican lawmakers on Wednesday in a fierce White House meeting on deficit reduction that left a deal in question as the clock ticked toward a debt default.
"Enough's enough," Obama said, according to a Democratic official familiar with the talks.
The meeting came as Moody's Investors Service jolted Washington with a stark warning that the United States may lose its top credit rating in the coming weeks if the $14.3 trillion limit on America's borrowing was not raised.
The warning sent the U.S. dollar tumbling against most major currencies. Stock futures and debt prices also fell.
Eric Cantor, the No. 2 Republican leader in the House of Representatives, said the talks on Wednesday became so acrimonious that Obama walked out, but a Democratic aide called Cantor's account "overblown."
"He said he had sat here long enough. No other president, Ronald Reagan wouldn't sit here like this," Cantor told reporters.
(Excerpt) Read more at reuters.com ...
Classic. That will leave a mark.
He sounds like an ineffective parent, and I bet he’s used the “Don’t call my bluff” line on Malia and Sasha a time or two.
He sounds like an ineffective parent, and I bet he’s used the “Don’t call my bluff” line on Malia and Sasha a time or two.
This is just the tip of the iceberg. BO is on the verge of a nervous breakdown.
That may be true, but at least he's keeping the family together so his kids aren't just living with Michelle and therefore have no feminine role model.
actually Reagan gave the dems their spending in exchange for funds to fight the cold war. Reagan saw the Russians as a clear and present danger. Much more so than heavy debt. The dems did not see the Russians as the threat Reagan saw them as.
He's a dick.
You took the words right out of my mouth! Every time I hear this man compare himself to the Great Communicator I just want to hurl. Cantor should have made that retort. It would have gone viral on youtube.
Don't pretend he wasn't concerned about debt.
We've had 20 years to reverse the trend and only accelerated. The debt is so far out of scale and scope now as to beyond comprehension. In the 80s we won the Cold War and got America back on its feet. What have we gotten for the debt piled up since? Nothing.
STOP FEEDING THE MORAL EQUIVALENCE LIE!
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