Posted on 07/22/2011 11:28:34 AM PDT by markomalley
President Obama says he is intent on passing a "balanced" plan to reduce the deficit while raising the debt ceiling, but reports that the president is working on a deal with House Speaker John Boehner have Democrats frustrated and concerned.
On the Senate floor this morning, Senate Majority Leader Harry Reid warned his fellow leaders against any drastic moves.
"We all know... there are talks going on between President Obama and Speaker Boehner. I wish them well," he said. "I say to both the president and the speaker here on the Senate floor, representing my Democrats and I'm confident many Republicans: Be very careful, show a lot of caution as this negotiation goes forward, because any arrangement must be fair to all America, not just the wealthy."
A Democratic congressional aide told CBS News Thursday that Mr. Obama has been working with Boehner to reach a deal that would include $3 trillion in deficit reduction but only the promise of tax reform. Publicly, both the White House and Boehner have denied any such deal is in the works.
The president maintains any deal must include new government funding sources.
"A balanced deficit deal that includes some new revenues isn't just a Democratic position," Mr. Obama wrote in a USA Today op-ed this morning. "It's a position that has been taken by everyone from Warren Buffett to Bill O'Reilly. It's a position that was taken this week by Democrats and Republicans in the Senate, who worked together on a promising plan of their own. And it's been the position of every Democratic and Republican leader who has worked to reduce the deficit in their time, from Ronald Reagan to Bill Clinton."
(Excerpt) Read more at cbsnews.com ...
Reid knows that Obama will sell out the Senate Dems in a second..House just has to hold the line..
Okay, so lets just have the President sign an agreement to produce 1 Trillion new jobs - that’s what I call new Revenues. No tax increase needed, and a promise to make the Dems in the Senate pass cut, cap, and balance.
Dingy Harry would rather punish the wealthy by raising their taxes, than help poor Americans by creating jobs.
Compromise is highly over rated.
If the government wants more revenue, they need to get off of the backs of the people!
Private business and industry are not hiring because of the additional cost of doing business imposed by Obamacare, the EPA, and countless other Obama czars.
This, in addition to the uncertainty of the new and higher taxes Obama seeks.
If Obama succeeds in mandating higher taxes, what will he do with that money?
He will spend it to buy votes and regulate your life and business!
The fact is Obama is NOT simply after more revenue.
Obama wants to squash America’s free enterprise, industry, and your freedom!
There is nothing to be gained by compromising with this man.
Obama will cave and the MSm will cover for him. He will accept some cuts, a debt ceiling increase and NO NEW TAXES. It will send the pundits on MSNBC into orbit, but so what , who are they going to vote for Tim Pawlenty? You can take the gays, mooches, union thugs, blacks, illegals, college professors, addled students and 60's rejects for granted they have no where else to go./bingo.
His "balanced approach" talking point isn't just to sound moderate and statesman-like but to cause confusion with "Cut, Cap & Balance."
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