This will be awkward for Obummer - since he is actually on record as agreeing with the Republicans.
#msg-632405 Fortunately, 'awkward' is getting to be his specialty.
June 24,2011
Obama takes lead in debt talks
By MEREDITH SHINER & CARRIE BUDOFF BROWN
Politico.com
President Barack Obama signaled on Friday that he is ready to take over the debt-limit negotiations, summoning Senate leaders to the White House next week as the continuing impasse pushes the country closer to a potential default.
Obama will meet separately with Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) on Monday. The meetings follow the collapse Thursday of talks between Vice President Joe Biden and congressional leaders.
The sticking point, as expected, is taxes. Democrats argue that any deal to reduce the deficit and raise the country’s borrowing limit must include new revenues. Republicans say they won’t go there.
“The president is willing to make tough choices, but he cannot ask the middle class and seniors to bear all the burden for deficit reduction and to sacrifice while millionaires and billionaires and special interests get off the hook,” White House press secretary Jay Carney said Friday. That’s not “a fair and balanced approach.”
Meanwhile, House Speaker John Boehner (R-Ohio) said the “realities of the situation” are that the House won’t pass any deal that involves raising new revenues, and the package must include budget reforms and spending cuts that exceed the amount of the debt limit increase, which is expected to top $2 trillion.
Full story: http://www.politico.com/news/stories/0611/57718.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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