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Friday, July 22, 2011

President Obama shows his backbone, as Speaker Boehner again walks away from debt ceiling negotations

Official presidential portrait of Barack Obama...Image via Wikipedia
President Obama's Press
Conference on 7/22 on the
debt ceiling crisis, he called
Speaker Boehner out on his
lack of leadership of this
Talks into how to fix the impending debt ceiling crisis on August 2nd has broken off for the fourth time this evening, as House Speaker John Boehner (R) walked out of talks with President Barack Obama on a budget deal to avert a government default.

Speaker Boehner cited that president wants to raise taxes too high on the so-called wealthy job creators and won't make "fundamental changes" to benefit programs such as Medicare

In the same aspect, Speaker Boehner forgot in his statement on why he walked out on the nations’ leader, why the “job creators” have not created many actual jobs, after having the same tax rate since 2002.
"Working folks know they are getting a raw deal. Because they know no matter how hard they work, they are not able to keep up", Obama stated. "For us not the remember that everyday we work up inexcusable", he noted.
President Obama speaking at a press conference at the White House, finally expressed some disgust and anger at the state of the debt negotiations, the Republican “Tea Party Caucus” and Speaker Boehner himself as he cited to reporters that Boehner would not return his phone calls.
"I’ve been left at the altar now a couple of times," Obama said.
It is doubtful that the leadership in Washington, D.C. can manage solve the debt crisis without some harm to the American financial credit rating, President Obama noted.
“Now we now run out of time,” he stated during the press conference. "It is hard to understand why Speaker Boehner would walk away from this kind of deal," Obama said. "Can they say yes to anything?"
The deal President Obama cited would have cut proved spending by up to $3.5 trillion over the next 10 years and increased tax revenues by close to a trillion dollars. 

In addition, cuts would have been made in the deal by the President. which would have made cuts to three Democratic enacted programs, Medicare, Medicaid and Social Security.

It has become apparent that Speaker Boehner has issues within his caucus, the President cited. 
“They are ok with defaulting on the nation’s debt and will not negotiate under any circumstances", the President noted.
Obama called has on top congressional leaders to attend a meeting at the White House at 11AM Saturday morning.
"I expect them to have an answer in terms of how they intend to get this thing done in the course of the next week. The American people expect action," Obama said.
Watch the entire speech on President Obama calling out Speaker Boehner and the Republican House leadership via You Tube/PBS Newshour

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