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Republicans, Democrats Still Far Apart On Deficit Debate

July 8, 2011 by  

Lawmakers are still struggling to reach a consensus on the debt ceiling.On Thursday, President Barack Obama spoke with Congressional leaders from both sides of the aisle about the debt ceiling debate.

The President said that there were "real differences" between the two sides of the debate, according to The New York Times. Treasury Secretary Timothy Geithner said that America will begin defaulting on its loans on Aug. 2 if the debt ceiling is not raised, something Republicans have refused to do without promises of spending cuts.

Speaker of the House John Boehner (R-Ohio) said that a deal on the deficit is not close, noting that the two sides are still far apart on how to best address the country's economic issues.

"It’s not like there is some imminent deal about to happen," he said during a news conference. "This is a Rubik’s cube that we have not worked out yet."

Boehner also pointed to recently released data from the Labor Department — which showed the unemployment rate increased to 9.2 percent — as a sign that Obama's economic policies were not working.

Despite the differences, The Associated Press reported that Obama called the recent talk "very constructive."

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  • Raggs

    Maybe, just maybe there is at least one republican that knows how to read prior to voting yeah on an increase. surely there has to be at least 3,000 pages in the bill that we have to find out once it gets passed. And as far as oblama goes ( i hope it is a long way from america ) it’s the ole spend and tax rutine ya know spend more tax more borrow more, spend more tax more borrow more… Alway’s more you gotta feed the beast. And a hungry PIG it is!

  • Thinking About

    I hope members of Congress who have taken an oath to uphold the Constitution remembers their first duty rather than playing politics. The money has been spent over the last several years and now the limit must be raised. This has been a combination of spending and cutting revenues that did not match. We did not need a war of choice and started under false pretenses. Mission accomplished of locating bin Laden and not where the wars was, imagine that. We give away welfare to farm corporations and many others which we can not afford.

  • s c

    Until enough Americans wake up and realize that 99% of the geeks we send to Washington are bums, thieves, liars and borderine criminals, we might as well conclude that we work for THEM.
    They suffer from a most peculiar form of ‘entitleitis,’ which lets them think they’re entitled to everything they can get while they’re in Washington. A rope or a whip would be more like it.
    I’d feel a lot better if a special entitlement tax was levied against any politician who tried to retire early or managed to ‘get rich’ while in office. Anyone who claims to represent the people and gets rich while in office is a criminal. Period.

  • Jana

    I sure hope the Republicans will for once stick to their guns on this and not fall for a tax increase without at least a good sizeable sink your teeth in it spending cuts.
    I imagine there will be some tax increases. The problem is Obama says it will be on only the very rich, but his idea of who is very rich gets lower and lower all of the time. We can’t depend on him keeping his word on the amount. Hehas changed it too many times already.

  • jopa

    Well I guess we all know what way Eric Cantor will vote on the debt limit hike.He has invested in Pro shares Ultra-short 20+ Year treasury ETF.This basically a fund the bets against US government bonds and if the US defaults and goes belly-up Cantor stands to make a whole lot of money.He is currently being investigated for conflict of interest but I doubt if anything will be done to him.A lawmaker betting against the United States should tried for treason and hung.

    • s c

      J, here’s your opportunity. I wasn’t aware that progressives knew squat about treason or treasonable offenses committed against the American people. Have you allowed for the high porbability that the current, temporary administration is heavily infested with traitors and that that little personality quirk (treason) extends all the way to the W H?
      Here’s your one chance to shine, sunshine. Have at it. We’re waiting. You can explain and prove your case in ten small paragraphs or less. Now, get off that ‘moderate’ fence.

    • pete


      Sounds like an interesting investment opportunity, where’s the webpage for this fund ??? Maybe we all should do the same thing like Mr.Cantor ! Ha Ha !

  • jopa

    sc;What do you do all day just sit around and count your food stamps and become totally unaware of what is going on around you.This Cantor story has been on all the news channels, but I doubt if Faux news carried it.Anyone alive during the Bush years was able to see treason firsthand and we are still suffering the consequences.

  • s c

    I suggest that you get in touch with your progressive chums, and take a quick poll. Your pants are down around your ankles – again – and you don’t have a clue as to how they got there.
    Apparently, predictable is your middle name (still). You can’t a) stay on topic (YOU picked it), b) you couldn’t help yourself avoid blaming GB for anything and everything and c) if asked, you will insist that your responses are ‘brilliant’ and ‘deep.’
    You don’t have a clue, and you couldn’t get a clue on sale at WalMart. Do yourself a favor. The next time you get in front of a mirror, start laughing. The joke’s on you, putzy. Only a progressive couldn’t “get it,” and THAT”S YOU, comrade.

  • jopa

    sc: You sure do plenty of mumbling about nothing.Then you come up with an answer or statement that is so childish.Where is i41 he at least made more sense than you.What’s with the comrade bit,a little bit of that commie shining through.Have a good day.

  • pete

    All I notice is I’m not getting anymore unemployment benefits ! HA HA!
    I never applied for food stamps before so I’m gonna’ fill out the form tomorrow and mail it in….

    But I’m sort of getting off the point. The point I’m trying to make is –

    The Federal Government has all this money, WHERE IS IT ALL GOING ? I haven’t gotten a dime in unemployment benefits since May 2010 …. I’m just Joe SmallGuy who eats franks and beans (with some rice) – I had a retirement IRA, It’s gone .. had to eat, pay bill$…

    So here is my suggestion to all of you…. If you get laid off from your job, roll your retirement into something that will survive BANKRUPTCY.
    GO BANKRUPT RIGHT AWAY !!! I rolled my retirement pension into a IRA. BUT I DIDN’T GO BANKRUPT. If I had gone BANKRUPT back in 2006 – I would have saved my IRA ….. Them credit card payments is what killed me. HA HA !!! Your cashflow position will be much better, plus any unemployment benefits you receive will go much,much,much farther !!!

  • johntvalentine

    Mr obama says Americans are to busy to know what is going on. This obama, is a master of all lies and deceit. Must be informed by someone. Because as of now 69% will go to 73%. American Citizenry are not as stupid as he thinks. This master of all lies and deceit will be a one term destroyer of our beloved America’s GOD, given CONSTITUTION.


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