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Obama Steps Up Deficit Talks, But Can There Be ‘A Grand Bargain’?

July 11, 2011 by  

Obama Steps Up Deficit Talks, But Can There Be ‘A Grand Bargain’?

In a press briefing today, President Barack Obama announced that he will meet with Congressional leaders again today, and every following day, until an agreement on the debt and deficit can be reached. The President continued to express optimism, saying,not only will a deal be reached by the Aug. 2 deadline, but also that the resulting deal will be large.

“We should use this opportunity to do something significant,” the President said. Such a deal would prove to the American people that “this town can actually do something once in a while.”

The mainstream media are calling the proposed deal “a grand bargain,” after a statement made by Democratic Leader Representative Nancy Pelosi (D-Calif.) after the Sunday debt talks: “We came into this weekend with the prospect that we could achieve a grand bargain.”

However, such “a grand bargain”—originally rumored to amount to $4 trillion in spending cuts, but also including large tax hikes—has received correspondingly immense amounts of criticism from both sides of the aisle. POLITICO reports that House Speaker John Boehner (R-Ohio) has faced especially tough criticism for his seeming willingness to compromise, and may soon find himself outshined by House Majority Leader Eric Cantor (R-Va.).

“It’s crazy to think the speaker was considering a trillion (dollars) in tax increases. After all, we’re the anti-tax party,” one Republican lawmaker close to leadership told the news site. “Cantor brought him, the economy and our party back from the abyss. Cantor is strengthened, clearly. And it’s another example of the speaker almost slipping beyond the will of the GOP conference.”

Boehner has since officially backed away from his support of “a grand bargain.” For his part, in today’s briefing Obama defended Boehner, saying that the Speaker is “a good man who wants to do right by the country,” and acknowledging the trouble Boehner may face in convincing those Republicans “not in the (negotiation) room” to support any compromise.

Saying that it is time to come to a “big,” “balanced” agreement, Obama suggested that making all the “painful” decisions now will save further political pain later: “pull off the Band-Aid; eat our peas.”

 

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  • s c

    Mr. Boehner, here is your opportunity to go for the throat of the beast. If you do the right thing, America will owe you a great debt. If you act like a wimp’s wimp [or worse], consider leaving politics.
    You can stop Herr Obummer in his tracks, OR you can join the rest of the weasels in Washington in selling out your country.
    Go for the throat, Mr. Boehner, and rip it out. You will never get another chance.

    • Doc Sarvis

      It all depends on if the Republicans are willing to risk kicking our economy and the hardworking 98% of the population to the curb (again). If the Republicans buck the President, whose compromise position the Democrats don’t like either, it will be to benefit the top 2% of our population and screw the rest of us.

  • JeffH

    Well, the POTUS has just kicked “the people” in the arse again. The American people just can’t see and understand what the “proffesional” politician does.

    Doc, the only people kicking “our economy and the hardworking 98% of the population to the curb (again)” are the same people that have been doing it forever…sorry to tell you, but you’re clueless with your “rhetoric”…top 2%…where have I heard that one before? Reminds me of the “redistribution of wealth” rhetoric. LMAO!

    You want a deal to raise the debt limit, then concede to massive S-P-E-N-D-I-N-G cuts…get it? At least the Republicans “fake” it and say that is a proprity to get a deal done. Why is it so hard to understand that? As usual, the POTUS operates his administration based on fearmongering…”default”…we have seen 4 deadlines come and go without incident…remember, it was Obama who “vowed not to sign any short-term deal that would use budget cuts already agreed”.

    After Sunday’s meeting, an aide to Boehner issued a statement: “The speaker restated the fundamental principles that must be met for any increase in the debt limit: spending cuts and reforms that are greater than the amount of the increase, restraints on future spending, and no tax hikes.”

    Afterall, in my book, 2+2 still = 4

    Once, just once, I’d really like to see Washington think about somebody else besides themselves.

    • TIME

      Jeff,
      Per the norm your post is dead on. Just to add one little point that seems the media just can’t post or even speak about, why?
      Well thats the $15 Plus Trillion dollar question.

      When Barry Soetoro was in the US Senate he said there is “NO REASON to RAISE the DEBT limit.”
      Now we have a differant horse race where he just wants an open check book to build more under ground bunkers for whom again?
      Politicians, lets not forget people like the Duponts, GE and Rocketfellows and Rothchilds as in the scum of the earth.

      Yea thats really a great idea. Hey don’t you all question why all this bunker building in the first place?
      Ever question where all of our moneys gone? If you add up the all the numbers they don’t jell, unless you add in bunker building, and again why is that?

      • granny mae

        TIME,

        Please explain about the bunker building ! Have I missed something? Is he really building a bunker?

        • TIME

          GM,
          Look into it its all out there, just as Barry’s going after the 2nd Amendment with a lustful speed and it will all be done under Executive Order, as in we are about to hot the Nazi state even faster.

          Also while your looking into all that check into the Carbon tax thats a back door Cap & Trade from the EPA, again all done by Executive Orders. Just google these or Check out Alex Jones at Infowars.com
          Also PrisonPlanet.com.

          Also check into UN Agenda 21 just google it.

  • Dan az

    Hey Granny
    check out jessie ventura he did a piece on the bunkers I don’t have it anymore but I still have Agenda 21.
    http://www.freedomadvocates.org/articles/sustainable_development/agenda_21_–_the_blueprint_to_advance_sustainable_development_20040615100/

  • Dan az

    And Granny
    this one is up to date on what they have been doing.
    http://ppjg.wordpress.com/2011/06/19/just-another-brick-in-the-wall-un-agenda-21-in-us-law/

  • Dan az
  • Dan az
  • Dan az

    They just finished the bunker in colorado I think if you go to you tube and type in jessie ventura you will go right to it.

  • Dan az

    Granny
    here’s the one for colorado.
    http://www.youtube.com/watch?v=B9EpqBf0oCY

  • JeffH

    Ya gotta love Obama…ya think? All of you that think he’s the greatest thing since Wheat Chex…don’t forget to “eat you peas”…here’s your man in action again…such the great American POTUS…OUCH!

    Obama was asked whether he would veto legislation temporarily increasing the debt ceiling, he said: “I will not sign a 30-day, or 60-day, or 90-day extension.” The White House later confirmed that Obama meant he would veto such a bill.

    “This is the United States of America. And, you know, we don’t manage our affairs in three-month increments,” the president said.

    • pete

      I’m going to pop some Popcorn, get a nice LA Z Boy chair and put it right in front of the TV set !! This is better than watching a 1 dollar DVD rental from a Red Box machine ! These politicians are sure asking for it ! Tar and feather time !!
      So when are all the American people going to start rioting ? Stay tuned. Do you think the MSM will cover the riots ???

      • Dan az

        Pete
        I think you will find them at the airports getting groped trying to get out of dodge. :)

  • Thinking About

    Where are all the Get back to the Constitution groupies. Following the 14th amendment would work well for us now. If we ignore this amendment then we are on board to doing away with the other ones also. This is not budget talks it is raising the debt ceiling. Want to bring down the debt put all on the table, no scared cows.

  • pete

    The “Fed Reserve Bank’s” charter is coming up for renewal. That’s why the government is spending all the money. Also Wall Street fired the RePubs back in 2008, and hired the Demoncrats — that’s one reason why Obama is in office right now..

    That few games of golf Boehner had with the Prez, I wonder what they were talking about ? Maybe Boehner and Prez Obama want to get their hands on all that Libyan Gold. We sure aren’t hearing much about the War Powers Resolution’s enforcement by Boehner and the Congress …

    I wonder when all the riots are going to start here in the USA. Do you all think the voters will “tar and feather” all those Washington folks? I wouldn’t want to be in these RePub politicians shoes, especially after they cave in to the Demoncrats and raise taxes and borrow more money !!!

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