The debt showdown continues

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POSTED: Tuesday, July 12, 2011 - 7:50am

UPDATED: Thursday, July 14, 2011 - 4:11am

"This is the same shot you got yesterday except we're wearing ties today,” said the President pointing out we've been here before and those close to the talks say little but the dress code is changing.

The two sides still far apart on spending cuts and taxes.

"I'm prepared to take on significant heat from my party to get something done and I expect the other side should be willing to do the same thing," said President Obama.

The President says he'll put the Democrats so called sacred cows like Social Security and Medicare on the table, but insists Republicans need to be open to tax changes that would go into effect in 2013.

House Speaker John Boehner said, "No tax increases ever on the table. There was never any agreement to allow tax rates to go up in any discussions I've ever had with the White House, not one."

But Republicans still can't find agreement on the two and a half trillion in deficit reduction they want, to allow the government to pay its bills through 2012.

The one thing the sides do agree on? That something needs to be done soon.

President Obama said, "It's not going to get easier it's going to get harder so we might as well do it now, pull of the band aid. Eat our peas."
 

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The Democrats take too much money and give to people who are not producing, and The Republicans take too much money and spend on war.......wait a minute! Pres Bush expanded Medicare Drug benefits to the tune of one trillion dollars, and Obama keeps Gitmo Bay open, keeps Iraq going, expands Afghanistan, and invades Lybia. We have a one party two headed monster in this country and half blame the reps and half blame the dems and every four to eight years we swap out the head without effecting any change. Ask your self honestly what has changed from Bush one to Clinton to Bush two to Obama. The elitist rulers have us fighting over bread crumbs while they are taking trillions of dollars while we still have to take paycheck advance loans in order to live till payday. The US dollars is doomed and is and will be slipping for ever. Buy gold and silver and protect your own family because the Democrats and Republicans sure will not.

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