Home > Federal, National > New Talks, No Breakthrough yet, CCandB still can be un-tabled; Obama/Democrats twist/flop and Debt Deal Semantics Are ‘Laughable’; We Must Reduce Deficit not Raise Debt; ‘Gang of Six’ Plan Mired in Higher Taxes; Giuliani knows budget, (Obama doesn’t!) speaks out.

New Talks, No Breakthrough yet, CCandB still can be un-tabled; Obama/Democrats twist/flop and Debt Deal Semantics Are ‘Laughable’; We Must Reduce Deficit not Raise Debt; ‘Gang of Six’ Plan Mired in Higher Taxes; Giuliani knows budget, (Obama doesn’t!) speaks out.

July 24, 2011
Preview

New Debt-Limit Talks: No Sign of a Breakthrough

President Barack Obama meets with House Speaker John Boehner of Ohio in the Cabinet Room of the White House Saturday to discuss the debt. Republican aides said Obama had upped his demand for higher taxes during the week. The aides said the administration had agreed to $800 billion in new revenue over 10 years but backed away and wanted $400 billion more. Neither Obama nor any of the lawmakers spoke to reporters after the meeting. (AP Photo)
Ohio Rep. Jim Jordan calls the Senate “Gang of Six” debt proposal “a terrible idea.” In this Newsmax.TV video, the chairman of the Republican Study Committee notes that 234 House members passed the “cut, cap, and balance” plan and still doesn’t rule out passage in the Senate.

PreviewNorquist: Debt Deal Semantics Are ‘Laughable’

Grover Norquist tells Newsmax the claim that allowing the Bush tax cuts to expire would not constitute a tax increase — and would not violate a pledge not to raise taxes — “doesn’t pass the laugh test.” President Obama has been trying to convince Republicans to agree to allow the cuts to expire in exchange for significant spending cuts…

 Betsy McCaughey – ‘Gang of Six’ Plan Mired in Higher Taxes

 S & P: “We Must Reduce Deficit” — or Face ‘Death Spiral’ (Notice the key line is Not “We must raise the debt” !)

Giuliani: Obama Is Afraid to Lead on Budget – Former New York City Mayor Rudolph Giuliani says President Barack Obama lacks the necessary experience to create a budget and is unwilling to take leadership in the debt debate.

“If we default, 90 percent of the responsibility is on the president of the United States,” Giuliani told Sean Hannity on Fox News after a visit to New Hampshire that fueled speculation the he would seek the GOP nomination for president. “He is yet to outline a plan because he’s too darn afraid that he’s going to have to pay political [consequences]. And he’s pretending he wants to do all these big cuts; we know he doesn’t want to do cuts . . . He wants to do the minimum number of cuts and the maximum tax increases.”

Giuliani said he is fielding advice while assessing whether to run for president.

However, he said he is certain about one thing: Obama cannot remain in office.

“My objective is we cannot have President Obama after the next year,” he said. “I mean, look at what he’s put us through with this whole debt thing, and this because the president doesn’t lead. I mean, Republicans, Democrats fight with each other in the House, and the president has never outlined how he would do [it] — this is outrageous!” he says. “No plan — this would be like if when I was the mayor of New York, if I said, ‘I’m not going to do a budget. I’ll let the City Council [do it].’ …he’s done everything this way…. Nobody knows what the heck he’s doing.”

In an interview airing 9 p.m. Eastern on Giuliani calls the House Republican “cut, cap, and balance” proposal a “very solid plan,” one that he says would address both the nation’s short-term and long-term budget problems.
“It’s actually the only way out of it,” he tells host Sean Hannity.

Giuliani says President Barack Obama simply doesn’t understand the budgeting process, telling Hannity “… you’ve made this point over and over, but just think about this — he’s never done a budget before.

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