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Friday, July 22, 2011

Obama Attemps A Back Door Manover-Causes Debit Talks To End,House speeker Says We Had A Deal-Obama Backed Out.-Obamas Nothing But A Lier And A theif.,The People Of America Needs To Fire Obama Right Now,This Mans A Crook

Boehner Ends Debt-Limit Talks With White House, Turns to Senate Leaders

House Speaker John Boehner on Friday pulled out of negotiations with President Obama on raising the nation's legal limit to borrow money, just days before an Aug. 2 deadline when the government can no longer pay all its bills and faces its first-ever possible default.
"The White House moved the goalpost," Boehner said in a news conference, claiming that the talks broke down when the White House demanded an additional $400 billion in new revenues to the $800 billion that was agreed upon, "which was going to be nothing more than a tax increase on the American people." 
Boehner also said, "They refused to get serious about cutting spending and making the tough choices that are facing our country on entitlement reform."
In a hastily arranged news conference in the White House briefing room, a visibly irritated Obama said that "it's hard to understand why Speaker Boehner would walk away from this deal."
"This was an extraordinarily fair deal," he said, explaining that the White House offered more than $1 trillion in cuts to discretionary spending, both domestic and defense and $650 billion in cuts to Medicare, Medicaid and Social Security in exchange for $1.2 trillion in new revenues.
After informing the president in a phone call of his decision to walk away, Boehner sent a letter to lawmakers saying, "In the end, we couldn't connect. Not because of different personalities, but because of different visions for our country."
Boehner will now work with Senate leaders on an alternative "to find a path forward," he wrote in the letter to lawmakers. But Obama said he wants to see congressional leaders at the White House Saturday to figure out how to avoid a government default.
"We have now run out of time," Obama said.
Boehner said he will attend the meeting.
According to a GOP leadership aide close to the talks, the sides were moving forward toward a total package that would cut $3 trillion to 3.5 trillion over a decade. It would have included an incremental increase in the $14.3 trillion debt ceiling now and force another one late next winter.
But the aide said a disagreement over revenues "blew this up."
When the bipartisan group of senators known as the "Gang of Six" released on Tuesday its deficit-reduction plan, which drew support from both political parties, including the White House, administration officials pulled back when the revenue numbers didn't match theirs.
There was a discussion about a potential trade of tax revenue for health care if spending targets weren't reached.
"There needed to be something on the other side of the ledger," the GOP aide told Fox News, adding that administration officials wanted to make this "onerous" if they were unable to reach the spending reduction goals, calling it "shared sacrifice."  
Senate Republican leader Mitch McConnell said in a statement "it's disappointing that the talks with the White House did not reach a favorable conclusion, and I appreciate the speaker insisting on reduced spending and opposing the president's call for higher taxes on American families and job creators."
"As I've said before, it's time now for the debate to move out of a room in the White House and on to the House and Senate floors where we can debate the best approach to reducing the nation's unsustainable debt," McConnell said.
House Majority Leader Eric Cantor said in a statement that "Democrats' insistence on raising taxes on small businesses and working families" has stalled months of negotiations. But he expressed confidence the country will not default on its financial obligations.
"America will pay its bills and meet its obligations, and in coming days we will offer a path forward that meets the president's request for a debt limit increase, manages down the debt, and achieves serious spending cuts," he said. 
But Democrats, of course, had a different take on the latest development.
"Republicans have once again proven unable to overcome their ideological opposition to ending taxpayer-funded giveaways for millionaires, corporate jet owners and oil companies," Senate Majority Leader Harry Reid said in a statement.
"I applaud President Obama for insisting that any deal to reduce our deficit be balanced between cuts and revenues," he added. "We must avert a default at all costs, so it is time to reengage in bipartisan talks on an agreement that at least accomplishes that goal."
House Democratic leader Nancy Pelosi said, "Our economy, our children's education, our seniors' security and our nation's fiscal soundness require that we act without further delay.
"We are prepared to compromise consistent with our values, but we will not accept a short-term extension that compromises our economic security," she said.

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