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View Full Version : Boehner abandons efforts to reach comprehensive debt-reduction deal



Rockntractor
07-09-2011, 11:27 PM
By Paul Kane and Lori Montgomery, Updated: Saturday, July 9, 7:41 PM

House Speaker John A. Boehner abandoned efforts Saturday night to cut a far-reaching debt-reduction deal, telling President Obama that a more modest package offers the only politically realistic path to avoiding a default on the mounting national debt.

On the eve of a critical White House meeting on the debt issue, Boehner (R-Ohio) told Obama that their plan to “go big,” in the speaker’s words, and forge a compromise that would save more than $4 trillion over the next decade had fallen victim to the toughest ideological issues: how to raise taxes and cut spending on popular health and retirement programs.

That leaves negotiators reexamining a less-ambitious framework — aimed at saving roughly $2.4 trillion over the next decade — that had been under discussion between Vice President Biden and a bipartisan group of lawmakers. But that group’s talks broke down more than two weeks ago over the tax issue as well.

“Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase,” Boehner said in a statement released less than 24 hours before the White House meeting was to take place.

The sweeping deal Obama and Boehner were discussing would have required both parties to take a bold leap into the political abyss. Democrats were demanding more than $800 billion in new tax revenue, causing heartburn among the hard-line fiscal conservatives who dominate the House Republican caucus. Republicans, meanwhile, were demanding sharp cuts to Medicare and Social Security, popular safety net programs that congressional Democrats have vowed to protect.

Obama, at least, was willing to make that leap and had put significant reductions to entitlement programs on the table. But on Saturday, Boehner blinked: Republican aides said he could not, in the end, reach agreement with the White House on a strategy to permit the Bush-era tax cuts for the nation’s wealthiest households to expire next year, as lawmakers undertook a thorough rewrite of the tax code.

Democrats quickly accused Boehner of placing tax breaks for the rich above the nation’s financial salvation.

“We cannot ask the middle-class and seniors to bear all the burden of higher costs and budget cuts. We need a balanced approach that asks the very wealthiest and special interests to pay their fair share as well,” White House communications director Dan Pfeiffer said in a written statement.

“Both parties have made real progress thus far, and to back off now will not only fail to solve our fiscal challenge, it will confirm the cynicism people have about politics in Washington.”

The Sunday meeting at the White House will go on as scheduled, and Pfeiffer said Obama will continue to press for a broad deal aimed at stabilizing the soaring national debt. Without such a plan, lawmakers in both parties have said they will not vote to grant the Treasury additional borrowing authority. Unless Congress acts to raise the $14.3 trillion legal limit on the debt, Treasury Secretary Timothy Geithner has said that the government will begin to default on its obligations after Aug. 2.

The Biden framework, which he crafted with key Republicans, including House Majority Leader Eric I. Cantor (R-Va.), includes cuts to federal agency budgets and more modest reforms to entitlement programs. That package would allow Congress to approve an extension of the federal debt ceiling into spring 2013.

Ironically, it was Boehner who cajoled Obama into pushing for the big deal. Both leaders believed that this moment of divided government, with Republicans in charge of the House and Democrats holding the Senate and the presidency, might provide an opportunity to demonstrate to the nation that civil politics was still possible on a grand scale.

A deal to save more than $4 trillion over 10 years would be the largest debt-reduction package in at least two decades. And the plan was to strike at all the major drivers of government borrowing, from Social Security and Medicare to military spending.

The emerging deal, however, appeared to be collapsing under its own ideological weight. Liberals were outraged by Obama’s offer to rein in entitlement spending, particularly Social Security, which congressional Democrats believed would not be a part of the debt-reduction effort. Conservatives, meanwhile, were uniformly opposed to raising taxes. More>
http://www.washingtonpost.com/business/economy/boehner-abandons-efforts-to-reach-comprehensive-debt-reduction-deal/2011/07/09/gIQARUJ55H_print.html

Boehner needs to go, we need a speaker with balls as big as Nancy Pelosi!

Apocalypse
07-09-2011, 11:37 PM
I don't agree. Boehner is looking ahead to '12 by doing this. Obama's offer with SS, Medicare and Medicaid was a political trap set by Obama to give them a platform to brown beat every GOP candidate across this nation come next year.

Boehner got decent cuts. Yes he could hold out for more, but now he can come and say he only made some cuts that won't burden any one unfairly, say he compromised which Obama and his Ilk have been saying we haven't, and make enough cuts to slow if not stop the slide.

Its not to say we can't get more after '12 when we finally win back the white house and the Senate. But if we really cut deep and make people feel pain, force a shut down, and look like we are obstructing every thing regardless. Chances are we won't beat Obama, and may lose the House if we give the Dems speaking points. We still don't have that go to guy running for the White House, so we have to do what we need to help the runners.

Apache
07-10-2011, 12:10 AM
I don't agree. Boehner is looking ahead to '12 by doing this. Obama's offer with SS, Medicare and Medicaid was a political trap set by Obama to give them a platform to brown beat every GOP candidate across this nation come next year.

Boehner got decent cuts. Yes he could hold out for more, but now he can come and say he only made some cuts that won't burden any one unfairly, say he compromised which Obama and his Ilk have been saying we haven't, and make enough cuts to slow if not stop the slide.

Its not to say we can't get more after '12 when we finally win back the white house and the Senate. But if we really cut deep and make people feel pain, force a shut down, and look like we are obstructing every thing regardless. Chances are we won't beat Obama, and may lose the House if we give the Dems speaking points. We still don't have that go to guy running for the White House, so we have to do what we need to help the runners.

two words...


American people

Apocalypse
07-10-2011, 12:35 AM
two words...


American people
American People what?

American People want massive Budget Cuts as we keep saying?

American People want National Health-care, and High speed rail as they keep saying?

Or is it that the American People want is jobs, and a less stressful life?

Fact of the mater is, the American People want a lower deficit, they want a smaller government, and they want lower taxes. But when it comes time to make the cuts required to provide all three of those. They are willing to cut any thing but what they them selves benefit from.

Don't cut my farm aid.

Don't cut my Medicare

Don't dare cut my SS payments

And you better damn well leave my welfare check alone,

But always cut some thing I don't benefit from.

If we want to regain the White house and boot Obama and the dems from power to right this sinking ship, then we have to win '12. And if we make all those painful cuts now all at once. We might right the ship for a short time, but we will sink our party for sure and after the elections, it will all be for-not as the Dems will quickly undo it all.

Rockntractor
07-10-2011, 12:51 AM
American People what?

American People want massive Budget Cuts as we keep saying?

American People want National Health-care, and High speed rail as they keep saying?

Or is it that the American People want is jobs, and a less stressful life?

Fact of the mater is, the American People want a lower deficit, they want a smaller government, and they want lower taxes. But when it comes time to make the cuts required to provide all three of those. They are willing to cut any thing but what they them selves benefit from.

Don't cut my farm aid.

Don't cut my Medicare

Don't dare cut my SS payments

And you better damn well leave my welfare check alone,

But always cut some thing I don't benefit from.

If we want to regain the White house and boot Obama and the dems from power to right this sinking ship, then we have to win '12. And if we make all those painful cuts now all at once. We might right the ship for a short time, but we will sink our party for sure and after the elections, it will all be for-not as the Dems will quickly undo it all.

We are tired of your out of control spending and your socialism, I don't care if it is of the D brand or R brand, you stick up for them so completely I feel like I'm talking to the leadership when you post.
We are sick of it Mr status quo!

Apocalypse
07-10-2011, 01:05 AM
You don't think I'm sick of this shit.

I grew up in the '80s under Reagan. I remember when Carter won as a kid and thinking that it couldn't be good. I have seen the slow slide getting faster.

Cheap ass tricks to our rights in the name of equality or the greater good. Watching as Clinton sold us out to the Chinese, watched as Tom Delay paid back every one who helped put them in power. I've seen this nation go from flag waving and god loving, to a nation divided with half of it seeming to desire nothing more then to see it ripped down from its greatness out of some self serving desire to proclaim some misguided justification of "Fairness".

I also know that any thing we accomplish now is worthless unless we win next year. If Obama wins, then every thing is for nothing. Regardless.

We still don't have a strong candidate. Better point, the current best front runner is Romney.

Rockntractor
07-10-2011, 01:27 AM
You don't think I'm sick of this shit.

I grew up in the '80s under Reagan. I remember when Carter won as a kid and thinking that it couldn't be good. I have seen the slow slide getting faster.

Cheap ass tricks to our rights in the name of equality or the greater good. Watching as Clinton sold us out to the Chinese, watched as Tom Delay paid back every one who helped put them in power. I've seen this nation go from flag waving and god loving, to a nation divided with half of it seeming to desire nothing more then to see it ripped down from its greatness out of some self serving desire to proclaim some misguided justification of "Fairness".

I also know that any thing we accomplish now is worthless unless we win next year. If Obama wins, then every thing is for nothing. Regardless.

We still don't have a strong candidate. Better point, the current best front runner is Romney.

We have to stick to our guns, too much compromise and Casper milk toast Republicans, will do what the Dole campaign did, no one will show up to vote, now before the primaries is the time to be serious and fight, not compromise.

Odysseus
07-10-2011, 11:13 PM
The issue is this: Republicans have traded tax hikes for spending cuts repeatedly, and never gotten the spending cuts. Reagan agreed to a tax hike in 1985, and Tip O'Neill never delivered the spending cuts. George HW Bush went back on his no new taxes pledge in return for a promise of spending reductions, but the Democrats lied. This is what Republicans need to present to the American people. We don't have a revenue problem. We're taking in more revenues than ever in our history. We have a spending problem, and if we can't control spending, then nothing that we do to raise revenues will be enough, because any money gained through new taxes will be spent, not applied to debt.

SaintLouieWoman
07-10-2011, 11:24 PM
The issue is this: Republicans have traded tax hikes for spending cuts repeatedly, and never gotten the spending cuts. Reagan agreed to a tax hike in 1985, and Tip O'Neill never delivered the spending cuts. George HW Bush went back on his no new taxes pledge in return for a promise of spending reductions, but the Democrats lied. This is what Republicans need to present to the American people. We don't have a revenue problem. We're taking in more revenues than ever in our history. We have a spending problem, and if we can't control spending, then nothing that we do to raise revenues will be enough, because any money gained through new taxes will be spent, not applied to debt.

It's embarassing. You'd think the Republicans would learn not to trust the Dems and their promises. I couldn't believe when W also fell into that trap.

History will be repeated if we do not learn from it. The Republicans had best take a remedial political history course.

MountainMan
07-10-2011, 11:44 PM
Good on Boehner. For you naysayers, what Boehner has done is told the democrats "NO MORE TAX HIKES". When this all started, the republicans said they want 2 trillion in cuts. That takes us to about the 2012 election cycle where they can hammer Obama and the democrats over their horrible economic plans.

This is a good sign and we need to start recognizing that.

Apocalypse
07-11-2011, 07:45 AM
Good on Boehner. For you naysayers, what Boehner has done is told the democrats "NO MORE TAX HIKES". When this all started, the republicans said they want 2 trillion in cuts. That takes us to about the 2012 election cycle where they can hammer Obama and the democrats over their horrible economic plans.

This is a good sign and we need to start recognizing that.Exactly. Why did Boehner walk away from the 4 trillion? Because the only way the Dems would agree to it was if they got massive new taxes, for the promise of cuts some day... maybe.

Boehner said no, cuts now, not promises that never come. And realized that with time short is trying to get half the cuts and avoid the shut-down and being blamed for it.

Nubs
07-11-2011, 09:46 AM
Boehner and his surrogates need to get out and explain their reasoning. All I hear is how Barry wants "4B" and Boehner only wants 2B.

AmPat
07-11-2011, 11:10 AM
Why if we cut spending do we also need tax hikes?
Why do we need a debt ceiling raised when we are looking to cut spending?
How does the two make sense?

Americans know that the government (DUmboRAT) doublespeak is absurd and will see through this. The GOP needs to hold firm. If Boener doesn't have the balls, give the gavel to Cantor, We could use a Hebrew Hammer right now.