July 10th, 2011
06:49 PM ET

Latest debt talks start

Congressional leaders are in talks Sunday evening with President Barack Obama at the White House, hoping to craft a comprehensive deficit reduction deal that appeared to stall earlier in the weekend.

The key players - including House Speaker John Boehner, R-Ohio, and Senate Majority Leader Harry Reid, D-Nevada - met in a White House conference room Sunday evening.

When asked before the start of Sunday's talks if a deal could be reached within 10 days, Obama told reporters, "We need to."

FULL STORY
soundoff (24 Responses)
  1. Big Game James

    If all the service industry workers and all the truck drivers went on strike together (a collaborative effort) this crap will get done with the quickness. It might be too late for this round but we could hold these b!tches by the short ones for things this country needs. I am a democrat and support the President but there are too many politicians and not enough MEN!! After a few days of the high and mighty having to figure out how to do things on their own as well as the major stores not getting any deliviries they'll fall over themselves to do what WE THE PEOPLE want. I'm tired of all this "take our country back" crap. America hasn't been taken by anybody...except us. We are too busy following trials that have nothing to do with us, eating ourselves into a coma (my biggest problem) and worshiping false idols as well as false ideals. We all need a swift kick in the butt.

    July 10, 2011 at 7:08 pm | Report abuse |
  2. Big Game James

    And have any of you regular bloggers here noticed that the republican supporters who were posting heavy back in November '10 are less and less since their boys took office? Just a thought.

    July 10, 2011 at 7:14 pm | Report abuse |
    • Scottish Mama

      @James I hope they support the country this time around and know that the dems are not perfect eithebut if we start supporting regular people who support the people we can get the lifelong people out and get the people we need in to get to the bottom of things and raise our people up and not the wealthy. This will be remembered. Why can we raise the debt ceiling for the Bush administration 6x plus the 1st year of Obama and not when our country is in need? We are being punnished for the greed of politics and preservation of the wealthy no tax.

      July 11, 2011 at 10:57 am | Report abuse |
  3. Jonathan Witerski

    This is becoming a very serious situation – as usual, both sides are going to wait until the very last minute to pass legislation to avert any potential financial catastrophe. I certainly hope we don't have to find out the financial repercussions via reality instead of postulated theories. – Jonathan Witerski

    July 10, 2011 at 7:31 pm | Report abuse |
  4. Product Placement

    I'm just going to tell my bill collectors that I'm raising my debt ceiling and to stop calling me, for I will pay them when I get a decent job. This comment was brought to you by Debt Ceiling Fans. Perfect for any room with an unlimited budget.

    July 10, 2011 at 7:35 pm | Report abuse |
    • Scottish Mama

      evidently when the republican president, house, and senate raised the debt ceiling 6x during the Bush administration it was ok, big government spending was ok during the good times? But when our democratic president wants to raise it to help us thru this quagmire it is refused, huh, political games afoot with the republicans because the wealthy do not want to pay any taxes, ah huh, but they want the seniors to pay and the cost of living goes up and they get 1/2 of what it really goes up. Taking from the less fortunate and giving to the wealthy does not balance the seniors checkbook.

      July 11, 2011 at 10:34 am | Report abuse |
  5. Obama

    Don't worry everybody. I'm going to end outsourcing or tax the pants off any company that does it and either bring back the millions of jobs lost, or I will use the increased tax revenue to provide education opportunities to dislocated workers. Since we lost around 8 million jobs in a decade I think we can reasonably expect the ones who bankrupted this country to make up for the losses by way of taxation. No more should the middle or lower classes fix their mistake (crime).

    July 10, 2011 at 7:44 pm | Report abuse |
  6. There, I said it

    The Teapublicans don't have the kahunas to not to raise the debt ceiling. Their heroe Reagan raised it. He said, he didn't care about the deficit, and wasn't ŵorried about how it might effect later generations, while he flooded the Black comunity with crack to funduhd Iran/Contra debacle. G.H. Bush raised taxes. G.W. Bush raised the debt ceiling 7 times. Wall Street won't let it happen.

    July 10, 2011 at 8:21 pm | Report abuse |
    • Scottish Mama

      I say dems call their bluff and raise them the wealthy and tell the congress that the dems willnot take from the seniors and lets see how fast the republicans cave. The next voting sycle will show the republicans who will fix the economy and who will not be a part of the solution, take a back seat please.

      July 11, 2011 at 10:38 am | Report abuse |
  7. pmk1953

    Big Game James, I agree. When reagan fired the airtraffic controllers, I tried to talk the USWA (via my local) to walk. If all union workers would have walked out for just 24 hours, we wouldn't have this mess. If they can do it in Europe, why don't we have the gyts to do it. Ever since reagan, the unions have declined, taking our standard of living with it.

    July 10, 2011 at 8:28 pm | Report abuse |
  8. There, I said it

    I am for a One World Government with the US in charge and a One World Religion with the Vatican in control of it.

    July 10, 2011 at 9:04 pm | Report abuse |
    • Donnie Brasco

      @There, I: You don't really mean that do you? The whole "one world" concept is sooo vanilla. We can't be like God and the angels, now can we? Isn't that what this is about? The false illusion of freedom, free will and the pretending we want peace, but only if it is attainable through war? Tell the sheep they're free, but then make them prisoners in their own homes. Tell them they can have whatever they want, but by your rules? Having goods if they accept that they can't possess anything without everyone else trying to take what's theirs? Falling in love with someone who doesn't want to commit, so you're forced into a swinger's club without wanting to be a swinger. Nice vision, but not for me.

      July 10, 2011 at 9:31 pm | Report abuse |
    • leeintulsa

      @there: i'm all for the one world government, but religion in *any* form can kiss my shiny yellow butt..

      July 10, 2011 at 11:57 pm | Report abuse |
  9. Colt 45

    The entire country knows that Mitch Mc Connell did nothing to rein in spending when George Bush was in office and for pity's sake, closing loopholes is NOT a tax hike and finally,it is crystal clear that he does not care about jobs but only to defeat Obama in 2012! All Congressmen should immediately take a pay cut to less than $20k/year to get a taste of real life in America today!

    July 10, 2011 at 10:48 pm | Report abuse |
  10. leeintulsa

    The people in europe are protesting becoming like us – less socialist.. Having to work for a living and pay for college, instead of getting paid just to be greek. That's what i get, anyway..

    July 10, 2011 at 11:52 pm | Report abuse |
  11. Jay Horn

    Let the union workers strike there plenty of out of work people to take their place. And to hell with a one world government.

    July 11, 2011 at 12:52 am | Report abuse |
  12. Stevereeno

    It sure would be nice if the partisans in Washington could quit playing games and address the nations problems.
    But no, they're more interested in obstructonism and limiting Barack Obamas re-election possibilities.
    They don't mind if the country struggles to accomplish this end.

    July 11, 2011 at 4:18 am | Report abuse |
  13. Ernie

    Sorry dems, but some of us are still talking. The government musst quit spendding money it dont have. You can only get in drbt so far & then the roof caves in, it is sagging now. Don't any of you see what is happening in Greece? All from debt! Stop the spending!

    July 11, 2011 at 8:02 am | Report abuse |
    • Scottish Mama

      @Ernie where were you when Bush raised the debt ceiling 6x and 1ce during Obamas 1st year. why can we not raise it and help get us out of the hole. We were not in crisis mode during Bush and now the staunch supporters of republicans cannot help. I believe all republicans will lose this next election for holding the debt ceiling hostage, not taxing the wealthy and not supporting a President that wants to be out of the hole.

      July 11, 2011 at 10:46 am | Report abuse |
  14. Larry L

    If the Republicans hold America hostage and allow our economy to completely crater, just voting them out will not be sufficient punishment for their crime. They should be tried for treason and imprisoned – or worse. Our struggling economy is beginning to recover and people are starting to see some hope. If the Republicans, in their mission to make the rich even richer, allow America's credit to default, the poor and working-class will suffer horribly. Conservatives always throw out sound bites about socialism – but facism is their real belief of the Republican leadership.

    July 11, 2011 at 9:50 am | Report abuse |
    • Scottish Mama

      @Larry the republicans signed a pledge with Grover Norquist that will also come back to haunt them. The oath to ameican people should override any pledge not to raise taxes on the wealthy. The treason is in the republicans taking a pledge that will hurt the american economy and its people, they are there to defend the masses not make pledges to not help its people. All pledgers will be voted out.

      July 11, 2011 at 10:50 am | Report abuse |
  15. Scottish Mama

    President Obama tellthe republicans the reform will be for the wealthy and outsourcing and the seniors and the people who need medicare are off the table. Call them to the mat. They 41 congressmen signed a treasonous pledge against the health and welfare of our country, take them to the mat, give them nothing.

    July 11, 2011 at 11:00 am | Report abuse |
1 2