George Wenschhof
A visibly upset President Obama held a press conference shortly after Republican House Speaker John Boehner (R-Ohio) sent a letter informing him he was ending negotiations on the "grand deal" and beginning talks with Senate and House Leaders.
“Essentially what we had offered Speaker Boehner was over a trillion dollars in cuts to discretionary spending both domestic and defense. We then offered an addition $650 billion in cuts to entitlement programs, Medicare, Medicaid and social security,” Obama said.
“In addition what we sought were revenues that were actually less than what the Gang of 6 signed off on,” Obama added.
Obama said it could have been accomplished with tax reform and closing tax loopholes.
“In other words this was an extraordinarily fair deal,” Obama said. “If it was unbalanced it was unbalanced in the direction of not enough revenue.”
The president summoned Congressional leaders to the White House tomorrow at 11:00 AM to continue discussion on parameters for a rise in the debt ceiling and deficit reduction measures.
Visit msnbc.com for breaking news, world news, and news about the economy
---
To receive "Daily Updates" from Air-it-Out with George Wenschhof, click on "Subscribe to this feed" below.
No comments:
Post a Comment