GOP's Cantor pulls out of bipartisan budget talks
gimmesometruth27
St. Fuckin Louis Posts: 23,303
what a baby. his rope of no tax increases on the wealthy while cutting social programs for the poor is going to hang him and the republicans if they allow the debt ceiling to expire....
GOP's Cantor pulls out of bipartisan budget talks
http://firstread.msnbc.msn.com/_news/20 ... get-talks-
From NBC's Luke Russert
House Majority Leader Eric Cantor, R-Va., has abruptly pulled out of bipartisan budget talks led by Vice President Joe Biden, saying that an impasse over taxes cannot be resolved without direct negotiations between the president and Speaker of the House John Boehner.
In a statement, Cantor said that Democrats are insisting that tax increases must be part of the debt limit deal but that there is not sufficient support in the GOP-majority House to pass any tax hikes.
"Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue," he said. "Given this impasse, I will not be participating in today's meeting and I believe it is time for the President to speak clearly and resolve the tax issue. Once resolved, we have a blueprint to move forward to trillions of spending cuts and binding mechanisms to change the way things are done around here."
The bipartisan negotiating group has been trying to hammer out a budget deal in advance of an August 2 deadline to raise the federal debt limit.
GOP's Cantor pulls out of bipartisan budget talks
http://firstread.msnbc.msn.com/_news/20 ... get-talks-
From NBC's Luke Russert
House Majority Leader Eric Cantor, R-Va., has abruptly pulled out of bipartisan budget talks led by Vice President Joe Biden, saying that an impasse over taxes cannot be resolved without direct negotiations between the president and Speaker of the House John Boehner.
In a statement, Cantor said that Democrats are insisting that tax increases must be part of the debt limit deal but that there is not sufficient support in the GOP-majority House to pass any tax hikes.
"Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue," he said. "Given this impasse, I will not be participating in today's meeting and I believe it is time for the President to speak clearly and resolve the tax issue. Once resolved, we have a blueprint to move forward to trillions of spending cuts and binding mechanisms to change the way things are done around here."
The bipartisan negotiating group has been trying to hammer out a budget deal in advance of an August 2 deadline to raise the federal debt limit.
"You can tell the greatness of a man by what makes him angry." - Lincoln
"Well, you tell him that I don't talk to suckas."
"Well, you tell him that I don't talk to suckas."
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The debt this administration has racked up is what will unwind us....and is.
http://news.yahoo.com/s/nm/us_usa_debt_cantor
WASHINGTON (Reuters) – U.S. budget talks hit an impasse on Thursday after a both Republicans walked out, throwing doubt on Washington's ability to reach a deal that would allow America to continue borrowing and avoid a debt default.
Representative Eric Cantor, the No. 2 Republican in the House of Representatives, said participants had identified trillions of dollars in potential spending cuts but were deadlocked over tax increases that Democrats want.
"Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue," he said in a statement.
Republican Senator Jon Kyl also left the talks, an aide said.
House Speaker John Boehner said Democrats must abandon any tax increases for negotiations to continue.
"These conversations could continue if they take the tax hikes out of the conversation," Boehner said. He added tax increases could never pass the Republican-controlled House in any event.
Negotiators had hoped to reach a budget deal by next week that would give lawmakers the political cover to raise the $14.3 trillion debt ceiling before the Treasury Department runs out of money to pay the country's bills.
Default could occur if Congress does not act by August 2, pushing the United States back into recession and sending markets plunging around the globe.
So far, worries of a possible default haven't affected bond markets as investors focus on other news and assume that Washington will ultimately strike a deal. But that probably won't come until the last minute, analysts said.
"I just think that at the end of the day that (the markets) still don't believe that anything could remotely happen in that respect," said James Combias, head of government bond trading at Mizuho Securities in New York, of the prospect of default.
The talks are "not dead but they are on life support," said Greg Valliere, a political analyst for investors at Potomac Research Group. "This is going to look ugly for the next few weeks."
Cantor's announcement caught Democrats by surprise, coming as President Barack Obama met with House Democratic leaders at the White House.
Congressional aides said they did not know whether the remaining negotiators, led by Vice President Joe Biden, would go ahead with the next meeting, scheduled for 2 p.m. EDT.
Cantor said that Obama must "speak clearly and resolve the tax issue." Aides familiar with the talks have said that a final deal will have to be struck between Obama and Boehner, not their deputies.
Democratic lawmakers reacted cautiously.
"That's too bad," Senate Democratic Leader Harry Reid said when reporters told him the news.
Aides were less circumspect. "When the going gets tough, Cantor gets going," one said.
Another said Cantor recognizes that tax increases will have to ultimately be part of any deal but that he didn't want to be the one to say so. "Cantor just threw Boehner under the bus," the aide said.
"Well, you tell him that I don't talk to suckas."
the problem right now is not the debt, the problem is how you want to go about getting rid of it.
if i was obama i would call them on it. i do not think the gop wants to go down in the history book as the party that let the debt ceiling expire causing us to go back into a recession all because they wanted to keep tax cuts for rich people.
"Well, you tell him that I don't talk to suckas."
That's not the GOP position and you know it. Are you suggesting we combat the debt solution with...more debt? Inexcusable.
We will all see our taxes be raised, not just the "rich" if this is the solution to reduce debt.
the 2 articles i posted said exactly that. cantor and kyl will not meet until raising taxes on the rich is off the table. they would rather not vote at all and let the country go further down the toilet than have to vote to increase taxes on their rich base.
"Well, you tell him that I don't talk to suckas."
The most overused, fear tactic of them all.
or how about "government takeover of healthcare".
or even "obama is a socialist who is going to indoctrinate your kids on the first day of school with his evil televised speech to kids".
"Well, you tell him that I don't talk to suckas."
"Well, you tell him that I don't talk to suckas."
yeah, I get really scared when this...
I think taxes should be raised...I'm serious...
boo!!
I have two reasons why I don't want taxes on the rich to go up:
1) The federal government has proved they can't reduce spending so why should we bail them out until they deliver proof that the budget can be reduced?
2) Once the rich get taxed, we are all next. And we don't have powerful lobbies fighting for us. I view the "taxing the rich" issue as a metaphorical levee. Once the first one breaks, chaos ensues and a torrent of raging water known as the federal government will rape our wallets (more).
Geez.....
I just jumped out of my chair.
Higher taxes on the rich? that is some scary stuff
This is probably the most ignorant thing I've read on here and I've read a lot of ignorant things. The problem is the debt. You are even saying that the debt is the problem in saying we need to get rid of it. If it wasn't a problem, why get rid of it?
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See, you have already been trained to hate the rich. You bought in.
Yes, because the way to stimulate the economy is through even more government theft.
No thanks, I'll pass on the Kool Aid.
hate is such a strong word...
you act as if the rich will be hurt by going back to pre-bush tax rates...I think everyone should go back to those rates, not just the rich folks that you want me to feel sorry for...
I don't want you to start feeling sorry for them, I just want you to stop hating them so much. It's not their fault that you aren't successful.
theft, huh...
interesting word choice...very dramatic...downright scary...
how about this, don't pay those thieves, you know since it's so terrible to member of the American Society...perhaps that will work out better for you...
and I understand that you don't want anymore Kool Aid....it appears as if you had your fill....
Oh, Cincy...you know I don't hate, I have love for all...
I really don't think it's hate...I think everyone should return to the tax rates in place before the bush tax cut...it's really about love for my country and those who live in it...I really don't mind paying my dues to be part of it...
Here's a good read for you...
http://tpmdc.talkingpointsmemo.com/2011 ... hp?ref=fpa
btw, hope you and yours are doing well...
Funny how you call me dramatic. Well, better get back to criticizing those evil, money-grubbing rich people sucking the system while the entitlement class sits back and collects the checks they deserve.
yeah, you're not being dramatic....
I say quit whining and stop paying those thieves...
and who's "criticizing those evil, money-grubbing rich people sucking the system"...personally I think corporate welfare should be discussed as much as "entitlement class" welfare...don't you?
those voices in your head talking to you again...
Of course there are corporate abuses, dare I say even some your president overlooks, which pervert the system. When almost half the population is on the government dole, I'd say it's time for a re-evaluation.
Common sense (and BASIC economics) suggests our entitlement culture is financially unsustainable. Yout hink otherwise? Maybe YOUR voices are lying to you.
what...?