Obama's McConnell meeting: Will someone blink first?
June 27th, 2011
08:43 AM ET

Obama's McConnell meeting: Will someone blink first?

If President Obama is hoping to at least hash out a blueprint for a debt ceiling agreement Monday with top Republicans that includes some tax increases, he best not look at some of the quotes that came out of the Sunday shows:

From Minority Leader Mitch McConnell:

"Throwing more tax revenue into the mix is simply not going to produce a desirable result, and it won't pass," he told the ABC program "This Week." "I mean, putting aside the fact that Republicans don't like to raise taxes, Democrats don't like to either."

And there was this from Arizona Sen. Jon Kyl:

"What we've said is we're perfectly willing to consider those kinds of issues in the context of tax reform, which we would very much like to do," Kyl said. "But we're not going to have the time to do it or be able to do it in order just to raise revenue as part of the exercise, which should be about reducing spending."

With an August 2 deadline looming to increase the federal debt ceiling or face possible default on debt obligations, pressure is mounting to reach a deal that will prevent market jitters and it may come down to who blinks first.

Topics: The News

soundoff (12 Responses)
  1. KatR

    When a family is experiencing financial hardship the first thing they do is cut their spending. If that isn't enough they seek another job to bring in more income. It baffles me why the GOP refuses to accept this basic logic.

    June 27, 2011 at 9:05 am |
  2. cindy

    Dear President, "Please do not compromise with this "Old Buzzard" He is against Mainstreet America!!! Don,t let him take what is Rightfully Ours!!! No Medicare cuts,and save our seniors and kids from this "Danger to America" We independants are depending on you?

    June 27, 2011 at 10:34 am |
    • Jay in NC

      Oh, the irony of it, you call him 'old buzzard' in the name of saving our seniors.

      June 27, 2011 at 12:18 pm |
      • rhumba

        YEP. he's rich, so he doesn't have to worry too much about his golden years. However, Jay in NC, those who have worked hard in low paying jobs their entire lives are the ones who do have to worry about their golden years. They've never been able to afford to save for their retirement while they raised their families and lived paycheck to paycheck. So yes, the poor seniors must depend on people like the old rich buzzard McConnell, but all they see is him and others like him circling and waiting for them to give up even more of their hard earned money in their retirement. The old buzzard wants to pick their bones.

        June 27, 2011 at 7:48 pm |
      • Jay in NC

        rhumba, what you are saying is that these people are incapable of managing their own money. If the gov. did not take the SS tax from them they would have more money to manage and save. Remember the biz gets taxed the same amount. Why do you not have more respect for the 'hard worker' why do you feel the need to coddle them?

        According to the SS website. The average worker and their employer paid $3,400 on an average wage of $27,400.

        June 28, 2011 at 8:14 am |
    • jean2009

      Thank you Cindy...I might add forJay. We pay for that "Old Buzzard's" wages, retirement, and health care...and we didn't do that so he could side with lobbyist for big corporations who pay minimum wage.

      No Jay, we are saying that $3,400 per year paid every year over a period of 45 years accrues interest and dividends.
      Also people remember Jay is discussing minimum wage earners who without a doubt have no benefits such as health coverage paid by their employer....also thanks to that "Old Buzzard".

      June 28, 2011 at 12:01 pm |
      • Jay in NC

        There is no interest earned on SS money. It comes in the door, the gov. then borrows more and pays it out the same day. Your argument shows how out of touch Liberals are with spending.

        June 28, 2011 at 8:38 pm |
      • jean2009

        Jay: Read Social Security Trust Fund -FAQ's which I posted on another topic here. .

        There is not only interest earned...the fund is not broke. We go through this fight with the Repugs every few years when the fund needs adjustments. The last time was in 1983.

        June 29, 2011 at 4:16 pm |
  3. MICK

    NO MORE TAXES!!!!!!

    Time to cut everything. Starting with Social Security and Medicare.



    June 27, 2011 at 2:51 pm |
    • jean2009

      Did you realize for broke we are still #1 and still the 800lb. gorilla on the world stage?

      And did you also realize, that "old buzzard" is one of the main road block to this country remaining #1.

      June 28, 2011 at 8:14 pm |
  4. M Gonzales

    No, The both sides are very partisan at the moment and who ever blinks will pay for it in the coming elections. The Republicans will probably not give in and wait untill just before the default date and then pass in congress their version of a new bill. It would then be on the Democrats vote it down in the Senate or Veto it and then default and they would most likely get the full blame.

    June 27, 2011 at 11:44 pm |
  5. DewyB

    Hey Mick, we're not broke, we have BILLIONS in gold, Trillions in military assets, and more income every quarter from REAL AMERICANS paying their taxes. We have accounting issues and need to balance the budget and bring down debt. It's not an excuse to gut social safety nets and the EPA.

    June 28, 2011 at 2:05 am |