"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Friday, July 22, 2011

NY Times Breaking News: House Speaker Boehner Pulls Out of Debt Ceiling Talks

UPDATE from the White House Dossier:
Deficit Negotiations Break Down Over Taxes

by Keith Koffler on July 22, 2011, 6:51 pm

President Obama stormed into the briefing room this evening to proclaim that deficit negotiations had broken down, accusing House Speaker Boehner and Republicans of walking away from a deal because they refused to include any tax increases.

I just got a call about a half hour ago from Speaker Boehner, who indicated that he was going to be walking away from the negotiations that we’ve been engaged in here at the White House for a big deficit reduction and debt reduction package.
The agreement that was on the table apparently would have reduced the deficit by about $3 trillion, including what Obama said was $1.2 trillion in “additional revenues.” This, he said, would have been less than the Senate “Gang of Six” proposal that some Republicans have signed onto.

But Republicans accused the White House of backing away from an earlier commitment to take tax increases off the table, putting them back on after the Gang of Six proposal emerged the middle of the week.

Boehner and House Majority Leader Eric Cantor claimed a deal was never close.

Obama has asked Democratic and Republican House and Senate leaders to come to the White House at 11 am Saturday for another meeting, if only to agree on a way to lift the debt ceiling before markets open Monday.
The first sentence says all anyone needs to know about Obama -- looks like he doublecrossed Republicans and then got mad when they walked out.  Storming in the WH Press Room shows that when he doesn't get his way he gets mad.  This from the President who spent weeks out campaigning ignoring the debt ceiling and then expecting to get his way on everything.   Reminder:  Gang of Six proposal is for a budget not the debt ceiling which Obama still cannot seem to get straight.  Is it on purpose?
This goes to show that you cannot deal with Obama as a Republican.  All those rumors released by the White House mouth pieces about a deal was near were nothing more than smoke and mirrors to make it look like Obama was doing something when he was still the stubborn little kid who didn't get his way so was taking his ball home.  The "I Won" Obama needs to get a clue that you broker a deal by both sides giving not demanding his way or no way which looks to be exactly what happened.
Breaking News Alert
The New York Times
Friday, July 22, 2011 -- 6:05 PM EDT
House Speaker Boehner Pulls Out of Debt Ceiling Talks

The Republican House speaker, John A. Boehner, said Friday that he had broken off talks with President Obama on getting a budget deal to avert a government default.

Mr. Boehner said that Mr. Obama wanted to raise taxes too high and won’t make “fundamental changes” to benefit programs such as Medicare.

Top Republican aides said Mr. Boehner would now work with Senate leaders on an alternative aimed at averting a market-rattling, first-ever federal default.

Source:  NY Times
Good for Speaker Boehner.  Now Obama can say he tried but no one will listen and take the weekend off to go play golf as he has nothing to do.  I would have more faith that the House and Senate can work something out if Reid wasn't head of the Senate.

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