Susan Crabtree
House Democrats emerged from a White House meeting with President Obama confident that the GOP Medicare plan has Republicans on the ropes and more determined than ever to ensure that tax increases on the wealthiest Americans are included in any long-term debt-reduction package.
Minority Leader Nancy Pelosi (D-CA) said the meeting was "very productive" and a "great exchange of ideas."
In negotiations with Republicans to raise the debt-ceiling and reduce the ballooning debt, Pelosi said Democrats and the President are committed to strengthening the middle class and reducing the debt with "balance" and "fairness."
She also said that the primary focus of the meetings was on greater job creation.
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"I was very pleased by the firmness the president displayed that defaulting on the debt is absolutely not an option," Rep. Peter Welch (D-Vt.) said. "He expressed some optimism that they would be able to reach an agreement in a month or so. and what he said that I think is quite practical and important for all of us in Congress to understand is we really can't afford to have a countdown clock on reaching a resolution on the debt ceiling."
Added Welch: "If we create real uncertainty in the market -- and we're already seeing some market volatility -- that could do lasting damage to the country's credit rating and do real damage to a fragile economy."
Attendees said other key meeting topics included raising taxes on the wealthy, new highway and jobs bills, withdrawing from Afghanistan and protecting domestic social programs in ongoing budget talks with the Republicans.
The president offered few specifics on those fronts, but did insist he'd stand by Medicare, which the Republican budget proposal would turn into a more costly system of subsidies for private insurance programs. And Obama allowed that raising revenues was on the table.
"He said Medicare is not negotiable," said Rep. Jose Serrano (D-N.Y.), who felt the overall discussion was positive and appreciated by the members.
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