Obama addresses debt as Congress confers
President Barack Obama speaks at a news conference in the Brady Press Briefing Room at the White House July 15, 2011 in Washington, D.C. / Mark Wilson/Getty Images
WASHINGTON — Racing the debt clock, Congress is working on dual tracks while President Barack Obama appeals to the public in hopes of influencing a deal that talks have failed to produce so far.
"We have to ask everyone to play their part because we are all part of the same country," Mr. Obama said Saturday, pushing a combination of spending cuts and tax increases that has met stiff resistance from Republicans. "We are all in this together."
In his weekly radio and Internet address, President Obama said the wealthiest must "pay their fair share." He invoked budget deals negotiated by GOP President Ronald Reagan and Democratic House Speaker Tip O'Neill, and Democratic President Bill Clinton and Republican Speaker Newt Gingrich.
"You sent us to Washington to do the tough things, the right things," he said. "Not just for some of us, but for all of us."
As a critical Aug. 2 deadline approached, the chances that Obama would get $4 trillion or even $2 trillion in deficit reduction on terms he preferred were quickly fading as Congress moved to take control of the debate.
At a news conference Friday, President Obama opened the door to a smaller package of deficit reductions without revenue increases.
A weekend deadline that the president gave congressional leaders to choose one of three deficit reduction options became a moot point after House and Senate leaders made it clear to the White House on Friday that they were moving ahead with their own plans.
House Republicans prepared to vote this coming week on allowing an increase in the government's borrowing limit through 2012 as long as Congress approved a balanced-budget constitutional amendment, which is highly unlikely.
In the Senate, the Republican and Democratic leaders worked on a bipartisan plan that would allow President Obama to raise the debt limit without a prior vote by lawmakers. The talks focused on how to address long-term deficit reduction in the proposal in hopes of satisfying House Republicans.
In the Republicans' address Saturday, Sen. Orrin Hatch of Utah argued for passage of a balanced-budget amendment. He blamed Democrats for failing to embrace adequate budget cuts and said "the solution to a spending crisis is not tax increases."
An amendment that requires a balanced budget, he said, "would put us on a path to fiscal health and would prevent this White House or any future White House from forcing more debt on the American people."
The government said Friday it was using its last stopgap measure to avoid exceeding the current $14.3 trillion debt limit. Administration officials, economists and the financial markets have warned that missing the Aug. 2 deadline and precipitating a government default would send convulsions through an already weakened economy.
President Obama had held five straight days of meeting with congressional leaders at the White House, but none of the three options he proposed — deficit cuts of $4 trillion, $2 trillion or $1.5 trillion over 10 years — were unlocking enough support to increase the debt ceiling by the $2.4 trillion Obama wants to make it last beyond the 2012 elections.
Essentially declaring those discussions over, Senate Republican leader Mitch McConnell said Friday: ""Now the debate will move from a room in the White House to the House and Senate floors."
In search of a deal, President Obama has used a combination of private meetings with congressional leaders and high visibility press conferences, radio addresses and public statements in an effort to win the public to his side. His pitch is also aimed at independent voters, to whom he is presenting himself as a willing compromiser.
In a White House video distributed Saturday by Obama senior adviser David Plouffe to supporters, Mr. Obama is shown praising the virtue of compromise to a group Democratic, Republican an independent students. He noted that President Abraham Lincoln's Emancipation Proclamation permitted slavery in border states loyal to the Union, in an attempt to hold the nation together.
"Here you've got a wartime president whose making a compromise around probably the greatest moral issue that the country ever faced because he understood that `right now my job is to win the war and to maintain the union,'" President Obama said.
"Can you imagine how the (liberal news outlet) Huffington Post would have reported on that? It would have been blistering. Think about it, 'Lincoln sells out slaves.'"
He told the students: "The nature of our democracy and the nature of our politics is to marry principle to a political process that means you don't get 100 percent of what you want."
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Do you like an ever greater micro-managing your-life govt ?"
Ha ha ha!!!
The party that requires candidates to sign marriage oathes wants to talk about the government micro-managing your life?
You just can't make this stuff up!!!
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by obwan222 July 17, 2011 12:02 PM EDT "Do you people not have any morals at all?"
So you found two people that bent the rules to get a tax break, big whoop.
If that offends you then how about we end those tax breaks right now? Can we do that without the Republicans calling it a tax increase? Of course not, because asking people to pay the full tax rate on yachts and corporate jets is an unspeakable sin to Republicans.
And what about the neo-cons who started two wars without a way to pay for them? And passed a huge prescription drug plan without a way to pay for it? Do you people not have any fiscal responsibility at all?
My american fellows, you are the voters that made possible this catastrophe, The House and Congress went back to the conniving republicans, tied Obama's hands in the process. How irresponsible and gullible voters are. Now we are concerned about this mess.
We hope that the people wish will prevail and we should express our support for this administration, that after all, inherited misdeeds from Mr. Bush and republicans and conservatives, fat cats, etc etc . God save America !!!!!!!!!!!!
Also, take a look at this video.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
By Kevin Freking, Associated Press Writer
WASHINGTON - U.S. taxpayers spent about $32 subsidizing the cost of the typical Amtrak passenger in 2008, about four times the rail operator's estimate, according to a private study.
Leading the list was the train traveling between New Orleans and Los Angeles - the Sunset Limited - which lost $462 per passenger.
Taxpayers subsidize the losses to keep the passenger train service running.
Remember folks this is the AP reporter, and we all know that AP is in the tank for the democrats.
In June 2009, longtime veteran Amtrak inspector general Fred Weiderhold was abruptly "retired" - just as the government-subsidized rail service faced mounting complaints about its meddling in financial audits and probes. He had blown the whistle on overzealous intrusion by the agency's Law Department into his investigations of $1.3 billion in rail stimulus money and exposed how Amtrak's legal counsel had usurped the watchdog's $5 million portion of federal stimulus dollars to hamstring his probes. Even more threatening to the Democratic attorneys' cabal, Weiderhold discovered that the federal rail bureaucracy was retaining outside law firms beyond the independent watchdog's reach and obstructing subpoenas issued to an outside financial adviser.
You have to love the HOPE and CHANGE of this admin. Funny, but you don't hear much about HOPE and CHANGE any more.
Put your money where your mouth is.