2016 Postmortem
Related: About this forumObama says won't allow U.S. debt ceiling crisis repeat
Source: Reuters
WASHINGTON | Wed May 16, 2012 1:58pm EDT
(Reuters) - President Barack Obama told top lawmakers on Wednesday he was ready to work with Republicans and Democrats on a "balanced" approach to deficit-cutting but would not permit another down-to-the-wire debt ceiling crisis, the White House said.
White House spokesman Jay Carney said Obama made clear in the sandwich lunch he hosted that congressional leaders needed to "avoid refighting old political fights" and made clear he will not allow "a replay of last summer's self-inflicted political crisis."
"The president made clear ... that we are not going to recreate the debt ceiling debacle of last August," Carney said, saying any agreement on deficit reduction needed to include some new revenues as well as spending and program cuts. Republicans have resisted tax increases as part of a budget deal.
(Reporting By Laura MacInnis and Matt Spetalnick; Editing by Vicki Allen)
http://www.reuters.com/article/2012/05/16/us-usa-debt-obama-idUSBRE84F11720120516
WI_DEM
(33,497 posts)give in on what the GOP wants? because Boner sure isn't going to budge because he saw what happened last time he tried to compromise and his tea party idiots went into revolt.
lsewpershad
(2,620 posts)Mr President
14 amendment....
Section 4.
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
http://www.law.cornell.edu/constitution/amendmentxiv
Let the teabaggers carry on about the president not obiding by the constution.
Right there in black and white.
The President can just say pay it.
liberalnationalist
(170 posts)the republicans will be forced to raise taxes on the rich
the election outcome is not going to be about the economy, its going to be about the inequality built into the present "free for all market" system of, for and by the rightwing republican overclass no class bigoted racist unamerican facist traitors.
Proud Liberal Dem
(24,414 posts)if the Republicans want to do something different, they have to write a whole new law and get it approved by Congress and signed into law by President Obama, right? The Republicans can't unilaterally change the law, right?