House GOP seeks vote on the Boehner bill as Obama calls on public law Read more:
The president, speaking with the Americans in prime-time address on Monday evening, forcing them to call Congress and ask for a bill that raises taxes on higher incomes, whilst raising the debt ceiling before in case of failure.
The American people may have voted for divided government, but did not vote for the government dysfunctional. And so I ask you all to my mind, "Obama said.House Republicans give Boehner Bill in the Senate measure shell accelerate the Senate consideration. It comes after the Speaker and the President struggled in the nation matched the address of the necessary measures to prevent any American not meet their loans.One to one site were unusual, even the speaker, who said before his speech, "I have to register to go mano-a-mano with the President of the United States."But Boehner, pressed a large class of conservative freshmen willing to agree to raise taxes and increase debt, said the President of the Party is the only one stuck to the agreement.. "The House passed a bill to increase the debt limit, with bipartisan support, and this week, while the Senate tries to pass a bill full of false accounting and Washington gimmicks, we pass another Bill - the one that was developed with bipartisan support, U.S. Senate leadership , "Boehner said.In his remarks from the White House, but Obama said the Republican proposal would hurt students, seniors and middle class by making draconian cuts in government spending."This is not a way to run the largest country in the world. It is a dangerous game we never played, and we can not afford to play it now. ... We can not allow the American people to become collateral damage in the Washington political war," said Russia's president.Obama stepped to the microphone a few hours after the first Republicans, Democrats then drafted a rival emergency legislation Monday to avert a devastating government default, a little more than a week. He said he wants to raise taxes paired with spending reductions that will put the debate in the U.S. for the next election and keep the country out of its debt arrears to creditors, set to come due in the second August."The whole world is watching. So let's use this moment to show why the United States of America is still the best nation in the world," Obama said.Boehner - the first such to provide a lively response from the State of the Union party almost four years - said Obama was looking for "blank check" to finance his administration's "spending binge.""That's just not going to happen," he said, adding that over the past six months, he tried to "convince the president to partner with us to do something dramatic to change the fiscal trajectory of our country, something that will strengthen confidence in our economy, restore faith in peace our government, and help small businesses get back on track. "Without a signed legislation at the end of 2 August will not be able to cash to pay all your bills, or launching an unprecedented default warned that officials could seriously damage the national economy is struggling to recover from its worst recession in decades.Boehner offered this week a proposal that could pass House and Congress to increase the debt ceiling at $ 14.3 trillion limit allowed previous legislation.The Republican plan is about $ 3 trillion in spending cuts over 10 years, but will increase the debt will be divided into two parts. Congress should first vote to increase the debt ceiling $ 900 billion with spending cuts, for something more, tee to Congress for another vote next year to the 12-member committee finds another $ 1.8 trillion in deficit savings. The plan would also require both chambers of Congress to vote on a balanced budget, changes to the common agricultural policy and discretionary spending.Democratic Senate Majority Leader Harry Reid offered an alternative that would cut $ 2.7 trillion spending using budget tricks, which include approximately $ 1 trillion economy of attenuation of the war in Iraq and Afghanistan. It would not raise taxes and debt ceiling would be a good trip, approximately 2013. The Democratic official said Reid was reflected its introduction in the Senate, to see what is happening with Bill Boehner and use his own as a potential savior.The group of economists and lawmakers who make their own determination of the Committee for Responsible Federal Budget said in this place - only a week to meet the deadline - either Reid or Boehner option is viable, but something must be done quickly. In both cases, the U.S. will likely face a reduction in its credit rating."We have of course to avoid failure, but each agreement must reassure the markets that policymakers seriously consider our national debt," says Maya MacGuineas, president of the group.Faced with the choice, the president clearly that supports Democrats' approach."Fails to comply with its obligations, it is reckless and irresponsible a result of this debate. A Republican leader said he agrees we need to avoid delay. But the new approach, a spokesman for Boehner released today that would temporarily extend the debt ceiling in exchange for spending cuts would force us again face the threat of default only six months from now. In other words, it does not solve the problem, "he said.However, the president also suggested that it is still on the increase in taxes."Most Americans, regardless of the political parties do not understand how we can ask retirees to pay more for their Medicare than we ask Jet owners and oil companies to the tax relief that other companies get. ... What we're talking of the balanced approach asks Americans whose incomes have increased the most over the last ten years - millionaires and billionaires, -. participate in the sacrifice, everyone else must do, and I think that these patriotic Americans are willing to pitch v. In fact, over the past few decades that I've joined every time we passed a bipartisan agreement on deficit reduction. "
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