Obama Says No Debt Deal if Reps ‘Don’t Budge,‘ Won’t Sign Short-Term Extension
- Posted on July 11, 2011 at 12:00pm by
Billy Hallowell
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WASHINGTON (The Blaze/AP) — President Barack Obama declared on Monday there would be no deal on raising the government‘s debt limit if Republicans won’t compromise, and he said he would not sign a short-term extension – raising the stakes on volatile negotiations with the clock ticking toward an Aug. 2 deadline.
“I don‘t see a path to a deal if they don’t budge. Period,” the president said in a challenge to his political opponents, accusing Republicans of having a “my way or the highway” posture.
Asked whether or not he would veto legislation temporarily increasing the debt ceiling, the president said: “I will not sign a 30-day, or 60-day, or 90-day extension.”
Citing the impending election year, Obama seemed to indicate that passing something in the short-term would make the situation tougher down the line, as candidates would be even more fearful to take a stand on the debt prior to election day. According to CBS News, he said, ”We might as well do it now. Pull off the band aid. Eat our peas.”
The president warned that failure to reach agreement could create another recession and throw millions of Americans out of work, painting a picture of catastrophe if a partisan stalemate is not broken and Congress fails to act. He criticized politicians who say the debt ceiling doesn’t need to be raised.
“It’s irresponsible. They know better,” Obama said.
The president spoke at a White House news conference the morning after convening a rare Sunday meeting with lawmakers in the White House Cabinet Room, where he continued to push for a “grand bargain” in the range of $4 trillion worth of deficit cuts over the coming decade. That ran into Republicans’ refusal to raise taxes.
Obama conceded that House Speaker John Boehner, who pulled his support for a large-scale deal over the weekend, faced a potential revolt by his caucus, and suggested Republicans should take a political risk – as the president said he is.
“I am prepared to take on significant heat from my party to get something done,” Obama said, contending he has “bent over backward” to work with Republicans.
Despite the signs of stalemate, Obama also declared, “We will get this done by Aug. 2.”
At issue in the volatile debate is the strength of the U.S. economy and the political fortunes of Obama himself – as well as lawmakers – heading into next year’s elections. The administration warns of catastrophic economic results that would reverberate around the globe in addition to threatening the fragile recovery at home if the debt limit is not raised by Aug. 2, throwing the government into default for the first time.
Obama renewed his case Monday for a large deficit-cutting package that would put a historic dent in the country’s deficits by blending politically poisonous elements for both parties – tax hikes opposed by Republicans, and social service cuts that Democrats decry.
“Now is the time to deal with these issues. If not now, when?” the president asked, repeating a comment he made in private Sunday to lawmakers. The congressional leaders were meeting again later Monday at the White House, and Obama has said he’ll call them to meet every day into the partisan deadlock is broken.
The president said that without the tax increases all the burden would fall on those who can least afford it including seniors and poor children. “And that’s not fair,” Obama said, arguing that most people would agree with him.
Obama challenged Republicans to make the necessary compromises and accused them of adopting a “my way or the highway” posture.
“What I’ve said to them is, `Let’s go,’” the president said, as the clock ticked down to Aug. 2.
Obama also took aim at the common GOP retort, “Where are the jobs?”
He said resolving the debt limit issue while tackling the nation’s longer-term deficit problems “can have a positive impact in overall growth and employment.”
“So what’s the holdup?” the president asked.
“It is possible for us to construct a package that is balanced, shares sacrifice, would involve both parties taking on sacred cows,” the president said, mentioning Medicare and Social Security.
Nonetheless, momentum could be on the side of a smaller measure of perhaps $2.5 trillion, due to Republican opposition to tax increases.
Last week, Boehner and Obama had private talks that led Democrats to believe the House speaker was willing to entertain revenue increases as part of a full overhaul of the tax code later this year in exchange for Democrats agreeing to stiff curbs on the growth of Medicare and lower increases in Social Security cost-of-living adjustments. But Boehner abandoned the idea Saturday night in a move that rattled the talks.
Sunday’s sometimes testy session was shorter than some had anticipated, and it’s clear neither side is willing to budge on taxes. Democrats say tax increases are a prerequisite for big spending cuts; Republicans rule out the idea unless taxes are lowered elsewhere.
The meeting Monday afternoon was expected to focus on agreements reached earlier in negotiations led by Vice President Joe Biden that resulted in tentative understandings on cuts to farm subsidies, student aid, federal workers’ pensions and domestic agency budgets, among others. But the Biden group was bitterly divided over taxes, as Republicans including House Majority Leader Eric Cantor of Virginia repulsed Democratic demands to shut down tax breaks for oil and gas companies and deductions enjoyed by the wealthy. And Republicans resisted Democratic attempts for a mechanism to guarantee the Pentagon would contribute to cuts.
Sunday’s meeting featured some tense exchanges, officials briefed on the talks said, as Democrats accused Republicans of being inflexible. And officials briefed on the talks said Obama sharply rebuked Republicans for saying there’s no time for a “grand bargain” blending new revenues with big spending cuts – including curbs to Social Security and Medicare.
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Comments (233)
does this burka make me look fat?
Posted on July 11, 2011 at 11:40amWhat’s the matter Mr. Obama…the sheep not bending over for the shepherd?
Report Post »Arizona Don
Posted on July 11, 2011 at 12:47pmYou silver tongue son-of-a-gun: you sure have a way with words.
Report Post »One Man One Voice
Posted on July 11, 2011 at 4:34pmHence the reason why shepherds wear robes. Sheep can’t hear them sneaking up on them.
Report Post »TRONINTHEMORNING
Posted on July 11, 2011 at 11:40amAttention Republcans in Congress: DON’T BUDGE, DON’T BLINK, DON’T GIVE IN. You were elected to do this thing; contrary to our progressive prez, we the people do care and it has been proven without doubt. Any compromise is unfounded and will not be acceptable to any true conservative Americans. Be advised, you representitives are on notice to be sure.
Report Post »Skippy Toes
Posted on July 11, 2011 at 12:40pmHere! Here!
Report Post »Anonymous T. Irrelevant
Posted on July 11, 2011 at 12:41pmSame here.Email your Representatives and tell them not to cave. It is turning into “who blinked first” and you cannot blink for the sake of our country. Obama is trying to make it look like the Republicans won’t budge when it has been him all along.
Report Post »Mil-Dot
Posted on July 11, 2011 at 1:22pmI just don’t understand why they are afraid to live within the means of this country. Do not raise the debt ceiling one penny. Then, they will have to cut spending. I am not buying this calamity threat. Lets see what happens. Maybe we will get an opportunity to get rid of some leeches and low lifes.
Report Post »kickagrandma
Posted on July 11, 2011 at 11:38amYOU go, GOD! Keep kicking that man’s lousy, lazy, arrogant butt right on out of this, YOUR beloved country.
THANK YOU GOD, for waking us up, driving us to our knees in repentance and opening our mind, hearts and spirits to YOU once again.
JESUS, we thank YOU for holding us close, forgiving our multitude of sins and for turning us around toward YOU.
We are standing, LORD, by YOUR GRACE.
We thank YOU for delivering us from this man and from all who control him; and, we sing YOUR praises now and forever. In JESUS’ name, amen.
Report Post »smalldog
Posted on July 11, 2011 at 11:36amREVENUE? STOP GIVING AWAY OUR MONEY TO FOREIGNERS, FOREIGN BANKS, THE FEDERAL RESERVE, BIG GLOBAL COMPANIES!!!
Why aren’t local communities funding their own infrastructure? Asking local people to determine priorities?
The only ones who benefit from Obama are foreigners and special interests.
Report Post »oliveoil123
Posted on July 11, 2011 at 11:35amHave you noticed how condescending he is to we the people. He’s a snake, BHO can’t be trusted,
I hope Boehner does not give in, it‘s his future that’s being scrutinized by we the people.
GETLIFE
Posted on July 11, 2011 at 12:39pmEven if it were true that not coming to an agreement on the debt ceiling would worsen the world economic situation, the WORLD will not blame the Republicans in Congress. They will blame Obama. Obama symbolizes the US, and the rest of the world will blame OBAMA. He knows this. He is BLUFFING. He knows he is the one who really needs to compromise, or he will be blamed; he is just counting on the stupidity of the Republicans to not realize this.
Report Post »Bearack
Posted on July 11, 2011 at 11:34amHe sure is blowing the “progressive” trumpet today, isn’t he????
Report Post »Juan Gault
Posted on July 11, 2011 at 2:09pmToday? Are you kidding me? When he is blowing an instrument, he is leading the band! Pay attention to what he has done not what he says.
Report Post »smalldog
Posted on July 11, 2011 at 11:33am“We care about”?
Maybe many of “we” believe government DOES NOT have a role in stealing/taxing money from hard working people.
Maybe “we” believe head start, education, infrastructure should be funded by individuals and local communities, not government scammers.
The Federal government takes/steals from everyone and future generations, and give to special interests, the lazy,, foreigners, global companies/banks, private banks, and the greedy. Nothing for hard working families, or the little people on Main Street.
Report Post »Snowleopard {gallery of cat folks}
Posted on July 11, 2011 at 2:10pmToday I had a rare conversation with a band of liberals (not progressives), where they are now in the fear mode of the President upsurging his Constitutional authority over the debt and deficit. When the left is starting to worry, not the progressives and radicals of DC, then it is interesting times to come.
Report Post »TelepromoterNChief
Posted on July 11, 2011 at 11:32amObama how is Vera Baker?
Report Post »TRONINTHEMORNING
Posted on July 11, 2011 at 11:30amGood ole poser Barry actually said that he and his ilk “are paid to work on this stuff” and that the general public really doesn’t get it. Oh, how Limbaugh and Levin will be lit up today.
Report Post »Whostolemypig
Posted on July 11, 2011 at 11:28amThis joker had a majority in both houses and could pass a budget, so how can one expect him to lead on this issue now.
Report Post »He‘s stuck on those few dollars in tax loopholes for the rich simply because it’s a matter of pride for him. He’d rather take the money out of the hands of people that create jobs than to admit he is wrong.
SoliDeoGloria
Posted on July 11, 2011 at 11:27amEvery word out of this man’s mouth makes me cringe. WTF were we thinking America?
Report Post »cntrlfrk
Posted on July 11, 2011 at 11:39amWhaddya mean, “We”?
Don’t blame me for this
Report Post »Fly Old Glory 24/7 365
Posted on July 11, 2011 at 11:51amthe “we” that were thinking cringed when doing so, but we voted for McCain. Those that were not thinking voted for this inexperienced boy wonder. Now, all of “we” have to live with it. 2012 is coming, just now soon enough…
GRAMPA-D-NH
Posted on July 11, 2011 at 12:01pmWhats up with the “we”??? Confess your personal sins, don’t blame anyone else. Make restitution by winning 3 Obummer voting sheeple to vote conservative in 2012.
Report Post »vennoye
Posted on July 11, 2011 at 12:02pmSorry…………will NOT be included in that “we”!!!!!!!!!!! Knew he was bad before the election ever happened, talked to anyone who would hear me, donated to other candidates!!!!! People who voted for him just were not paying attention to all the inconstancies and red flags.
Report Post »Truthbeliever2
Posted on July 11, 2011 at 1:06pmEVERYONE who voted for BO, voted for him because he is black. Whites voted for him in a misguided attempt to prove to others they are not racists. And the blacks… Well we all know why they voted for him for no other reason except his being a black man.
FOOLS all of you.
Report Post »Juan Gault
Posted on July 11, 2011 at 2:14pmthe problem was/is we the people, were not thinking.
Have we the people had enough, do you vote. Do you share your views with others?
just say no Obama,in 2012. that will ultimate,finally get his dang attention,as he exits the W.H.
Report Post »vtxphantom
Posted on July 11, 2011 at 11:27amThis dog, obama, has a big problem, and he is going to unload everthing bad that happens onto the republicans. If you think bad times are here, just wait, it is about to become bad. Impeach this slug.
Report Post »Texas Grasshopper
Posted on July 11, 2011 at 11:26amHe is fustrated that Americans arent as stupid as he wants us to be , .wow what a lying POS …..Hey Bama ..I want to heat about why you signed a bill that supplied weapons deliberatly to known Narco-terrorists . ….How about that another while you are in Custody MF …any citizen doing the same thing would be in Prison . ….The public isnt paying attention !! WTF !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Report Post »SHOESHINEBOY
Posted on July 11, 2011 at 11:24amuhhhhh…uhhhhh..uhhhh…raise taxes..uhhhhhh.uhhhhh..more spending..uhhhhh.uuhhhhhh get something..uhhhhh.uhhhhh..done.uhhhhhh.uhhhhh raise taxes on the rich…uhhhhhh.uhhhhhhh.uhhhhh..get something done..uhhhhhhhh uhhhhhhhhhhhhh uhhhhhhhh
Report Post »Juan Gault
Posted on July 11, 2011 at 1:36pmUghhhhhhhhh ughhhhhhhhhhh
Report Post »ares338
Posted on July 11, 2011 at 11:22amMean ole Republicans won’t let us spend all of the money! What’s the problem? Just tax all of those evil rich people!
Report Post »TheObserver
Posted on July 11, 2011 at 11:21amThe Glenn Beck radio program supersedes President Obama long winded speeches and public appearances.
SoliDeoGloria
Posted on July 11, 2011 at 11:14amObama is such a puppet. How is it that the man who is, along with his former Democratic supermajority, largely responsible for our debt issue, gets to be the ‘adult in the room’ and talk down to everyone about how we need to tighten our belts.
The real issue? He is worried that if the limit isn’t raised, and they are forced to service the debt, it means cutting things like the EPA, parks service, IRS, etc (OH NO!) and if they have to cut things like WIC or food stamps, there goes his voting base!
Report Post »KickinBack
Posted on July 11, 2011 at 11:09amDon’t have to watch. Already know what he’s gonna say.
Report Post »Gonzo
Posted on July 11, 2011 at 11:12amIt will be more fun to watch Steve and Charles pick it to pieces on Brett Baier tonight anyway.
Report Post »TelepromoterNChief
Posted on July 11, 2011 at 11:08amWaaaaaahhhhh!!!!!!!
Me no get my way!!!!!
Waaaaaaaaaaaaaaaaaahhhhh!!!!!
Report Post »Gonzo
Posted on July 11, 2011 at 11:08amblah, blah ,blah…Republicans hate old people, children, minorities and pupies…and kittens too! Blah, blah, blah…
Report Post »Dahart
Posted on July 11, 2011 at 11:31amLOL…I feel like I am watching a Charle Brown cartoon
Report Post »SavingtheRepublic.com
Posted on July 11, 2011 at 11:08am^____^____^
Soon a world from Emperor Obama from his bully pulpit. He will whine how he wants to make a deal on our debt but the mean evil repubs wont budge. Of course he will leave out the fact that in striking a deal his highness and the socialist party want to raise taxes. The repubs dont want to raise taxes but that will never be mentioned. No instead we will hear how evil they are, how they walk out of talks, refuse to debate etc.
Im not saying the repubs are angels but this time around they are sticking to the promise they made to the American people. Emp Obama will more or less play the good guy here, we know the drill by now with this progressive….
Report Post »SavingtheRepublic.com
Mil-Dot
Posted on July 11, 2011 at 1:34pmMan, the GOPs are winning this debate. Who would have ever thought that those spineless cowards would get some conviction. But, the fat broad has not sang yet. There is still plenty of time to cave in like a mexican smuggling tunnel. And, God knows the GOPs know how to cave in. They are like political demolition experts.
Report Post »SpankDaMonkey
Posted on July 11, 2011 at 11:06am.
Report Post »I sure wish his Whiteside could escape……… Then there might be some hope………
hauschild
Posted on July 11, 2011 at 11:05amThis dude’s bordering on moronic. He makes my skin crawl more than “Peanuts” Carter.
I think I need a Billy Beer.
Report Post »hauschild
Posted on July 11, 2011 at 11:08amCan somebody from the left explain what benefit they’re gaining by propping up this useless mofo??? What’s the payoff? You do realize that when the bottom falls out, repercussions show now prejudice, right???
Report Post »Texas Grasshopper
Posted on July 11, 2011 at 12:05pmhauschild
Posted on July 11, 2011 at 11:08am
Can somebody from the left explain what benefit they’re gaining by propping up this useless mofo??? What’s the payoff? You do realize that when the bottom falls out, repercussions show now prejudice, right???
__________________________________________________________
For them , thats IS the pay off …“ Fundementally Transform the Country ” National Civilian Police Force ” Et Al …..Destruction of the United States Is his Goal
Report Post »CultureWarriors
Posted on July 11, 2011 at 12:44pmBordering on moronic? HE IS A MORON. He’s bordering on delusional. Oh wait he is delusional – never mind ;-)
Report Post »Fly Old Glory 24/7 365
Posted on July 11, 2011 at 11:05amno time, got some paint I am watching dry right now…
Report Post »cntrlfrk
Posted on July 11, 2011 at 10:59amblah, blah, blah….millionaires and billionaires…blah…blah….blah…
STFU already.
.
Report Post »SpankDaMonkey
Posted on July 11, 2011 at 11:20am.
Report Post »I, I, I, me, me, me… I wonder if those liver lips of his ever get tired of lying?………..
joe conservative
Posted on July 11, 2011 at 11:21amI just can’t even watch this guy anymore. 2012 just simply can’t come soon enough. I am so sick of getting lectured by this idiot. http://www.youtube.com/watch?v=A2OWGylJ2OM
Report Post »GRAMPA-D-NH
Posted on July 11, 2011 at 11:27amOblama looks beaten. Larthargic. Uninspiring. Depressed. He clearly doesn’t even believe his own blah, blah, BS. Repubs, keep up the pressure! Boehner, step aside if you feel ready to cry. Let Bachman, Ryan, and Demint drive the deal. Its time to break this commi-socialist grip on this country. Starting to cringe and gag hearing Obarfas voice….
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