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Obama Speak Debt

July 29, 2011 by USA Post 

Obama Speak DebtObama Speak Debt, President Obama will discuss the impasse in the debt limit at 10:20 am ET. We’ll have more soon. President Obama plans to make any statement last night – after the Republican House Speaker approved the plan, John Boehner, the debt ceiling. Instead, as has most of the week, Obama sat down and waited for Boehner scrambled to find enough Republicans to get his plan through the House – and finally, to postpone a final vote.

Largely out from Boehner decided last week to break the direct talks at the White House, Obama and his team are constantly trying to play the next steps in the dispute the debt ceiling, hoping to avoid the possibility of a failure of the government next week.

Administration officials still expect the Boehner bill to pass at some point, hopefully today. They also hope that the Democratic Senate to kill then the Boehner plan, the establishment of further talks on a possible compromise.

Officials also said that there are enough similarities between the Boehner plan and the proposed Senate Majority Harry Reid, Nevada Democrat, to reach an agreement and avoid a possible breach of the government next week.

“What is seen as a commitment is quite clear,” said press secretary Jay Carney. “The significant deficit reduction, a mechanism by which Congress would take the difficult issues of tax reform and entitlement reform, and lifting the debt ceiling in 2013 so we do not have the cloud of uncertainty hanging over our economy right now. ”

Obama has not spoken publicly about the impasse of the debt from his prime time speech on Monday.

The parties are seeking a way to raise the debt ceiling and 14300000000000, while reducing debt in the coming years. The leaders want a deal before Tuesday, when the Treasury Department says it will lose authority and loans and face the possibility of default, they cannot afford some of the accounts of the nation.

The White House Communications Director Dan Pfeiffer Twitter today: “5 days ago, the GOP House said they were going to take and pass a bipartisan solution to the debt ceiling, they have done neither.”

The issues remain as always: How big is the debt limit increase in the lead, and how future cuts in expenditure structure? Democrats want an increase now that will last beyond the election year 2012.

Politically, Carney and other partners said any agreement would require votes from both parties. So House leaders – particularly Boehner – has to determine the number of members who can lose and still retain the majority.

Leaders of the Senate must approve a compromise plan that can pass the House and secure the support of at least 60 senators to prevent a filibuster.

Carney said Congress has no choice but to compromise.

“We need people to come together, put aside their own egos, a part of their agenda for the American people,” said Carney. “To make sure we keep the strongest economy in the world to send a signal to the world that can do great things, Washington can still get great things done.”

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