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Obama: Halt '3-ring-circus' of debt-limit debate

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FreakinDJ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 10:51 PM
Original message
Obama: Halt '3-ring-circus' of debt-limit debate
Source: DAVID ESPO - AP Special Correspondent

Obama: Halt '3-ring-circus' of debt-limit debate



WASHINGTON (AP) Decrying a "partisan three-ring circus" in the nation's capital, President Barack Obama criticized a newly minted Republican plan to avert an unprecedented government default Monday night and said congressional leaders must produce a compromise that can reach his desk before the Aug. 2 deadline.

"The American people may have voted for divided government, but they didn't vote for a dysfunctional government," the president said in a hastily arranged prime-time speech. He appealed to the public to contact lawmakers and demand "a balanced approach" to reducing federal deficits.

Obama stepped to the microphones a few hours after first Republicans, then Democrats drafted rival fallback legislation Monday to avert a potentially devastating government default in little more than a week.

Obama said the approach unveiled earlier in the day by House Speaker John Boehner would raise the nation's debt limit only long enough to push off the threat of default for six months. "In other words, it doesn't solve the problem," he said.



Read more: http://news.yahoo.com/obama-halt-3-ring-circus-debt-lim...
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 10:57 PM
Response to Original message
1. So, When the Game Goes Against Him
Obama wants to pick up his ball and go home?

Too late now.
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Pirate Smile Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 11:01 PM
Response to Reply #1
2. So bizarre that you choose to attack Obama and not Boehner.
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Fearless Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 11:03 PM
Response to Reply #2
3. They're both acting like corporate sponsored children.
Both do not have the American people's interest in mind it seems. Any cuts to social programs is a Republican move. Period. They're in the same boat, one is just paddling harder.
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ooglymoogly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-25-11 11:47 PM
Response to Original message
4. At this point we have only a few more days to see what is really going on here.
Many of us have our suspicions, many of those based on the history of the last two years. Now we will come to know the truth about another world altering outcome effecting us all, presided over by this president with little but a scant hope.
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JJW Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-26-11 01:40 AM
Response to Original message
5. DIaaster Capitalism
Yup this is what happens when you empty the treasury by not taxing corporations and the top 5%. A reverse Robin Hood.

If Mr. O did nothing last December, Bush tax cuts would have expired but, no he had to extend them and drop Estate Tax to lowest level ever.
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