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Partisan divide on debt talks growing deeper; Obama says he won’t accept stopgap plan

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Partisan divide on debt talks growing deeper; Obama says he won’t accept stopgap plan

Post by Guest on Tue Jul 12, 2011 9:38 am

Talks between President Obama and congressional Republicans grew increasingly contentious on Monday, as GOP leaders flatly rejected his call to raise taxes on the wealthy as part of a bipartisan agreement to restrain the nation’s mounting debt.

“We keep on talking about this stuff and we have these high-minded pronouncements about how we’ve got to get control of the deficit and how we owe it to our children and our grandchildren. Well, let’s step up. Let’s do it,” Obama said. “I’m prepared to take significant heat from my party to get something done. And I expect the other side should be willing to do the same thing.”

Republicans fired back that they already are taking plenty of heat for considering an increase in the legal limit on the debt, which stands at a record $14.3 trillion. In a sign of deepening tensions, Boehner suggested that the only concession Obama should expect from Republicans is a vote to allow the Treasury to continue borrowing.

http://www.washingtonpost.com/business/economy/obama-to-hold-news-conference-before-mondays-debt-talks/2011/07/11/gIQALYxn8H_story.html

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Re: Partisan divide on debt talks growing deeper; Obama says he won’t accept stopgap plan

Post by Guest on Tue Jul 12, 2011 10:12 am

And they are not going anywhere today at all according to all reports. It's just nonsense.

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