Debt talks at White House Monday
President Obama meeting Monday with Democratic and Republican Congressional leadership on raising the nation’s debt ceiling.
July 11th, 2011
03:07 PM ET

Debt talks at White House Monday

With an August 2 deadline looming President Obama is meeting with Democrat and Republican House and Senate leaders to try to reach a compromise to raise the nation’s borrowing limit. As the press pool entered the Cabinet Room for a quick photo of the meeting, the president said "Ok this the same photo op you got yesterday except we're wearing ties.  Thank you." He answered no questions.  (read more here) 


soundoff (12 Responses)
  1. kefa34

    our system of credit is concentrated in the hands of a few men ,,
    we have come to be one of the worst ruled one of the most ,,
    completely controlled and dominated governments in the world ,,

    by the opinion and duress of small group of dominant men .
    the constitution is the supreme law of our land ;
    and it govern our action as citizens '
    only the laws of G-D which govern our conscious are superior to it .

    July 11, 2011 at 3:42 pm |
  2. kefa34

    A Banker Wrote This Statement
    let me issue and control a nations
    moeny ;
    and I care not who writes the laws .
    ye shall know them by there fruits.

    July 11, 2011 at 4:02 pm |
    • Anis

      Still not enough to oecmvore the media bias. This current financial fiasco is almost completely the fault of the Democrats but the people, due to the MSM, are blaming the Republicans. And Obama, who took huge bribes donations from Freddie and Fannie will win the election.

      August 1, 2012 at 10:40 pm |
  3. kefa34

    It Is The First Responsibilty Of Eevery Citizen To Question Authority,
    I Would Rather Be Exposed To The inconveniences attending too,
    much liberty
    then those attending too a small degree of it .

    July 11, 2011 at 5:14 pm |
    • kefa34

      Any system which gives so much power and ,,
      so much discretion to a few men
      ,so that mistakes excusable or not ;
      can have such far reaching effects is a
      bad system.

      July 11, 2011 at 8:10 pm |
  4. Doug B.

    Quit the Photo ops and do some work! Repeal the Bush Tax cuts for starters! Tell Boehner to kiss your black @#*! Next! Obama didn't create the problems, he inherited them from a Republican ran government and he was appointed by the majority to FIX IT! The system was so messed up it took spending just to stay afloat. Even if the tax rate was put as an equal rate for all the rich would complain! Let them! Do something about major corporations setting up Ghost Headquarters overseas to avoid tax! Get all of congress to pay their back taxes! Quit building Libraries for politicians and closing schools! Do an accounting of Representatives gifts, and consulting fees and tax appropriately. Rein in the bottomless pit of defense spending. Share the responsibility of war, and the associated costs!!! Create jobs by repairing roads, bridges, and waterways! Take a vote to reduce our state representatives by 50%. They aren't doing their job representing our wishes anyhow! Penalize companies who lay off workers and pay out corporate bonuses! Remove Boehner as a public service to the people! Do not cater to someone who's sole purpose in life is to drive Obama from office and keep the wealthy in control!

    July 11, 2011 at 6:35 pm |
    • jean2009

      thanks!

      July 12, 2011 at 10:37 am |
    • John

      I like a lot of what you say, but repealing the Bush tax cuts will hurt the economy, given the majority of that money will come from small businesses i.e. business owners who file as individuals. Recent stimulas, recing TARP, freeze hiring federal employees – that would be a start. The government is currently bringing in more tax money that any other time in history, by far. It is a spending problem.

      July 12, 2011 at 11:25 am |
      • jean2009

        It is a revenue problem.

        Read: As Government Revenues Reach A 60-Year Low, DeMint Claims They're At A "Record" High- by Alex Seitz Ward July6. 2011 thinkprogress org /economy

        Quoted from Outside the Beltway com site. for Feb. 2011. Taxes at an All Time Low; Deficits at an All Time High

        "According to the historical tables, federal revenues will only consume 14.4 percent of GDP this year – the lowest percentage since 1950. The postwar average is about 18.5 percent and there were many very prosperous years when revenues were considerably higher. In the late 1990s, they averaged more than 20 percent of GDP, which was a key reason why we ran budget surpluses."

        Quoted from the TIBU2 com website:

        Bush Tax Cuts Are A 10 Year Economic Disaster:

        Paul O'Neil told Bush as much and that is why he was only Secretary of the Treasury for a year.

        "Republicans aren't serious about debt reduction. By now, this should be obvious. We're told that Paul Ryan's Medicare-slaying plan is serious, as well as courageous, but the truth is that it's neither. It's silly and it involves the nation hiding its head in the sand. We've fought two wars, largely off-budget, and engaged in the biggest failure of economic policy since Hoover's performance before the Depression. Republicans shoveled money into a hole for eight years, yet we're supposed to believe that Medicare is our big problem. In 2010, our military spending made up nearly half of all world military spending combined, yet we're supposed to believe our problem is that we spend too much on grandma's heart medication."

        July 12, 2011 at 1:22 pm |
      • jean2009

        Did it ever occur to you that Bush didn't plan those tax cuts to benefit you? They were to benefit only his very rich friends.

        July 12, 2011 at 1:26 pm |
      • jean2009

        First end the Bush era tax rates, close loop-holes and subsidies for large corporations, quit paying them to move jobs overseas, quit paying large corporations to bring in workers when they could train workers here. Then address helping small businesses. This should be a no brainer.

        July 12, 2011 at 1:34 pm |
  5. Liz Carter in Georgia

    You go Doug B. You got that just right! That is it in a nut shell. That's just about all of it! I agree 100%!

    July 12, 2011 at 1:01 pm |