ByÂ Dave Boyer-The Washington Times
Deficit-reduction talks between congressional Republican leaders and PresidentÂ Obama broke down Friday night, with SpeakerÂ John A. Boehner saying he will try to reach a deal withÂ Senate leaders instead of theÂ White House.
â€œThe deal was never reached, and was never really close,â€Â Mr. Boehnerwrote in a letter toÂ House lawmakers released at 6 p.m. â€œIn the end we couldnâ€™t connect. Not because of different personalities but because of different visions for our country.â€
A visibly frustrated PresidentÂ Obama took to the podium in theÂ White House press briefing room minutes later to reveal thatÂ Mr. Boehner had called him to say he was pulling out of the negotiations.
With the government expected to bump up against its debt limit on Aug. 2 if the nationâ€™s borrowing limit is not raised,Â Mr. Obama said he had summoned the leaders of theÂ House andÂ Senate in both parties to theWhite House at 11 a.m. Saturday â€œto explain to meâ€ how the nation would avoid default.
â€œWe have now run out of time,â€Â Mr. Obama said. â€œThe American people areÂ fed up with political posturing.â€
The president outlined the framework of the proposal he had offered Republican leaders: $1 trillion in cuts to domestic spending programs over 10 years, $650 billion in cuts to entitlement programs and $1.2 trillion in tax increases through closing loopholes and eliminating deductions.
â€œIf it was unbalanced, it was unbalanced in the direction of not enough revenue,â€ the president said. â€œI was willing to take a lot of heat from my party.â€
But it was the administrationâ€™s insistence on revenue increases that led Republicans to change directions in talks.
SaidÂ House Majority LeaderÂ Eric Cantor, Virginia Republican: â€œUnfortunately, time and again these talks have reached an impasse for one reason: the Democratsâ€™ insistence on raising taxes on small businesses and working families. We must get Washingtonâ€™s fiscal house in order, but with millions of Americans out of work, the worst thing Washington can do is to raise taxes on those we need to start hiring again.â€
â€œI appreciate the Speaker insisting on reduced spending and opposing the Presidentâ€™s call for higher taxes on American families and job creators,â€Â Mr. McConnell said. â€œIt is similarly disappointing that theÂ White House has refused to join Republicans in our effort to cut Washington spending now, cap runaway spending in the future and save our entitlement programs and our country from bankruptcy by requiring the nation to balance its budget. SpeakerÂ Boehner has informed us that he will work on a new path forward with LeaderÂ Reid to develop a solution that will prevent default, without job killing tax hikes, while substantially reducing Washington spending.â€
The president said he is still confident thatÂ Congress will raise the debt ceiling, but heâ€™s less confident about any deal to reduce deficits.
â€œCan they say â€˜yesâ€™ to anything?â€Â Mr. Obama said of Republican lawmakers. â€œCan they say â€˜yesâ€™ to anything?â€
Mr. Boehner said in his letter to colleagues that the negotiations never really came close to bearing fruit because theÂ White House and congressional Republicans have â€œdifferent views for our country.â€
To read more, visit:Â http://www.washingtontimes.com/news/2011/jul/22/obama-house-gop-only-obstacle-debt/
Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!
We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.