Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Official White House transcript of Pres. Obama's news conference on debt ceiling talks

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion: Presidency Donate to DU
 
Zenlitened Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 05:45 PM
Original message
Official White House transcript of Pres. Obama's news conference on debt ceiling talks
http://www.whitehouse.gov/the-press-office/2011/07/11/p...

11:15 A.M. EDT

THE PRESIDENT: Good morning, everybody. I want to give a quick update on what's happening with the debt negotiations, provide my perspective, and then I'm going to take a few questions.

As all of you know, I met with congressional leaders yesterday. We're going to be meeting again today, and we're going to meet every single day until we get this thing resolved.
The good news is that all the leaders continue to believe, rightly, that it is not acceptable for us not to raise the debt ceiling and to allow the U.S. government to default. We cannot threaten the United States' full faith and credit for the first time in our history. We still have a lot of work to do, though, to get this problem solved. And so let me just make a couple of points.

First of all, all of us agree that we should use this opportunity to do something meaningful on debt and deficits. And the reports that have been out there have been largely accurate that Speaker Boehner and myself had been in a series of conversations about doing the biggest deal possible so that we could actually resolve our debt and our deficit challenge for a long stretch of time. And I want to say I appreciate Speaker Boehner's good-faith efforts on that front.

What I emphasized to the broader group of congressional leaders yesterday is now is the time to deal with these issues. If not now, when? I've been hearing from my Republican friends for quite some time that it is a moral imperative for us to tackle our debt and our deficits in a serious way. I've been hearing from them that this is one of the things that's creating uncertainty and holding back investment on the part of the business community. And so what I've said to them is, let's go. And it is possible for us to construct a package that would be balanced, would share sacrifice, would involve both parties taking on their sacred cows, would involved some meaningful changes to Medicare, Social Security, and Medicaid that would preserve the integrity of the programs and keep our sacred trust with our seniors, but make sure those programs were there for not just this generation but for the next generation; that it is possible for us to bring in revenues in a way that does not impede our current recovery, but is fair and balanced.

We have agreed to a series of spending cuts that will make the government leaner, meaner, more effective, more efficient, and give taxpayers a greater bang for their buck. That includes defense spending. That includes health spending. It includes some programs that I like very much, and we -- be nice to have, but that we cant afford right now.

And if you look at this overall package, we could achieve a situation in which our deficits were at a manageable level and our debt levels were stabilized, and the economy as a whole I think would benefit from that. Moreover, I think it would give the American people enormous confidence that this town can actually do something once in a while; that we can defy the expectations that were always thinking in terms of short-term politics and the next election, and every once in a while we break out of that and we do whats right for the country.

So I continue to push congressional leaders for the largest possible deal. And there's going to be resistance. There is, frankly, resistance on my side to do anything on entitlements. There is strong resistance on the Republican side to do anything on revenues. But if each side takes a maximalist position, if each side wants 100 percent of what its ideological predispositions are, then we cant get anything done. And I think the American people want to see something done. They feel a sense of urgency, both about the breakdown in our political process and also about the situation in our economy.

So what Ive said to the leaders is, bring back to me some ideas that you think can get the necessary number of votes in the House and in the Senate. Im happy to consider all options, all alternatives that theyre looking at. The things that I will not consider are a 30-day or a 60-day or a 90-day or a 180-day temporary stopgap resolution to this problem. This is the United States of America, and we dont manage our affairs in three-month increments. We dont risk U.S. default on our obligations because we cant put politics aside.

So Ive been very clear to them: Were going to resolve this, and were going to resolve this for a reasonable period of time, and were going to resolve it in a serious way. And my hope is, is that as a consequence of negotiations that take place today, tomorrow, the next day and through next weekend, if necessary, that were going to come up with a plan that solves our short-term debt and deficit problems, avoids default, stabilizes the economy, and proves to the American people that we can actually get things done in this country and in this town.

All right, with that Im going to take some questions, starting with Ben Feller...


Full transcript of questions-and-answers session follows. Please see the White House page:
http://www.whitehouse.gov/the-press-office/2011/07/11/p...
Printer Friendly | Permalink |  | Top
Xipe Totec Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 05:50 PM
Response to Original message
1. No compromise on Social Security. Period. nt
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:02 PM
Response to Original message
2. From "kinder, gentler" to a"leaner, meaner" social safety net. This country is in terrible trouble.
When Barack Obama looks bad by comparison to George H.W. Bush, Sr., you know that we're sliding backwards in the wrong direction, picking up speed every second.
Printer Friendly | Permalink |  | Top
 
Tennessee Gal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 06:48 PM
Response to Reply #2
3. He did not say that. Don't misrepresent what he said.
"would involved some meaningful changes to Medicare, Social Security, and Medicaid that would preserve the integrity of the programs and keep our sacred trust with our seniors, but make sure those programs were there for not just this generation but for the next generation; that it is possible for us to bring in revenues in a way that does not impede our current recovery, but is fair and balanced."

"We have agreed to a series of spending cuts that will make the government leaner, meaner, more effective, more efficient, and give taxpayers a greater bang for their buck."

As you can see, he used "leaner, meaner" in reference to the government. And in reference to the social safety net, he used these words: "preserve the integrity of the programs and keep our sacred trust with our seniors, but make sure those programs were there for not just this generation but for the next generation;"
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:57 PM
Response to Reply #3
5. You can wrap a bullshit sandwich in nice bread, but I'm not going to eat it.
BTW: His way of keeping "our sacred trust with our seniors", reported tonight, is to raise the SS retirement age two years to 67. And that's just part of it.

So, spare me the bullshit about misrepresentation. He's the one who misrepresented himself in '08 to get elected. I fell for it, and I was a paid staffer. Not again for him.
Printer Friendly | Permalink |  | Top
 
Tennessee Gal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:58 PM
Response to Reply #5
6. Reported? Where?
You misrepresented what he said and you won't own up to it.
Printer Friendly | Permalink |  | Top
 
leveymg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:00 PM
Response to Reply #6
7. It's on the Front Page.
Printer Friendly | Permalink |  | Top
 
Bluerthanblue Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 09:52 PM
Response to Reply #2
11. there wasn't much kind or gentle about GHW Bush.
He tried to play that meme, but it fell flat.

I remember the Bush years painfully well. They were only superseded by his sons reign.
Printer Friendly | Permalink |  | Top
 
Trajan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 07:15 PM
Response to Original message
4. It was a brilliant move to establish these daily communiques
They say there is no such thing as bad publicity ....

He gets his perspective reported every day, showing he is engaged and willing to bend (whether he truly is or not) .... He has a persistent record to defend his intent throughout the process ...

He is in the catbird seat; A very obvious bully pulpit that is widely exposed to the public ...

He wins this battle of the messages ....
Printer Friendly | Permalink |  | Top
 
struggle4progress Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:11 PM
Response to Original message
8. "I have bent over backwards to work with the Republicans"
Printer Friendly | Permalink |  | Top
 
Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:15 PM
Response to Reply #8
10. and bent over forwards to hit my base... n/t
Printer Friendly | Permalink |  | Top
 
Hydra Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jul-11-11 08:14 PM
Response to Original message
9. Rec'ing do everyone gets to see it
Edited on Mon Jul-11-11 08:14 PM by Hydra
But I have a few lines I want to pull:

balanced, would share sacrifice,

meaningful changes to Medicare, Social Security, and Medicaid

but is fair and balanced.


Ahem...Might I remind you, Mr. President, that you handed out TRILLIONS to the 1%ers a few months ago, and suddenly we have a debt problem?

Money is up there, not down here at the bottom. Stop. Now.


Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Dec 27th 2014, 05:20 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion: Presidency Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC