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Tuesday, July 12, 2011

Focusing on 2012: GOP reveal primary goal in debt ceiling talks; removing Pres. Obama from office

Official photo of United States Senator and Mi...Image via Wikipedia
Minority Leader Mitch McConnell revealed
on the Senate floor the GOP true intent in debt
ceiling negotiations: to see President Obama
removed from ofice. 

According to CBS News, it appears that the Republicans primary goal, instead of focusing on the upcoming debt ceiling crisis in this week’s negotiations with President Obama, is to remove the president from office. 

Senate Minority Leader Mitch McConnell (R-KY) said on July 12th, that he doesn’t see a way for Republicans and Democrats to come to agreement on meaningful deficit reduction as long as Pres. Obama remains in office.
"After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is probably unattainable," Senate Republican Leader Mitch McConnell said in remarks on the Senate floor.
The debt ceiling is scheduled to be hit on August 2nd if no agreement reached between Congressional Republicans, Democrats and the White House Administration. 

President Obama has placed cuts to cost of living adjustments to Social Security and Medicaid insurance premium increases on the table. Republicans will not bulge in turn to expiring of tax cuts for the nation’s wealthiest tax payers in 2013.

Treasury Secretary Timothy Geithner on CBS 'Face the Nation' on July 10th, warned of economic catastrophe if the $14.3 trillion debt ceiling is not raised. Geithner cited President Obama is willing to make cuts to Democratic staple programs Social Security and Medicare to make a deal happen.
"It’s very hard politically, it's going to take some movement on both sides for that to happen. The president has made it clear he's willing to do some very difficult political things for him, for his party, but the Republicans are going to have to do some things too," he stated to Face the Nation Host Bob Schieffer.
McConnell suggested in his remarks that the debt ceiling will still be raised on the date required but, will 'kick the goalposts' to a broader deal on long-term deficit reduction for discussion during the 2012 elections period.
"The president has presented us with three choices: smoke and mirrors, tax hikes, or default. Republicans choose none of the above. I had hoped to do good, but I refuse to do harm. So Republicans will choose a path that actually reflects the will of the people, which is to do the responsible thing and ensure that the government doesn't default on its obligations," he said. 

House Speaker John Boehner (R-OH) in remarks to the press on Tuesday, he believes that failure to increase the nation’s debt ceiling falls sorely on President Obama, and not the GOP shoulders.
"The debt limit increase is his problem”, Boehner cited. "And I think it's time for him to lead by putting his plan on the table….something that the Congress can pass," he noted.
Republicans twice have walked away from negotiations led by President Obama to reach a $4 trillion 'grand bargain' deficit reduction deal over ten years. Leadership in the GOP are stating a smaller deal for $2 trillion in benefits, would possibly be more agreeable. 

The smaller deal was first offered in negotiations with House Majority Leader Eric Cantor (R-VA) and Vice President Joe Biden in June, which Cantor walked away from. 


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