President Obama to address budget discussions
July 14th, 2011
07:15 PM ET

President Obama to address budget discussions

President Barack Obama will hold a news conference at 11 a.m. on Friday on efforts to reach a deal on the debt ceiling and budget cuts, according to a senior administration official.

Fifth day of talks ends without deal
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Filed under: Barack Obama • Budget • Economy • Politics
soundoff (67 Responses)
  1. Joey Isotta-Fraschini

    I just got here.

    July 15, 2011 at 5:11 am | Report abuse |
  2. oldntired

    Bring our soldiers and our diplomats home NOW, before we can't afford to.

    July 15, 2011 at 8:58 am | Report abuse |
  3. Scottish Mama

    Pres. Obama, Tell it like it is.........we will be watching....and call the GOP on the things they said you lied on...SS.. The truth o meter will be on. Tell us the sticky points... the middle class republicans are backing you and hoping you will do the right thing. Don't let them hold the debt ceiling over your head the rest of your term, they will make the job process hard and the GOP will stall everything you try to do. Viva La Middle class!!!!!!!!!!!!!!!!!May see you on the steps of the white house on Labor Day, if all does not go well for the seniors and poor, bring the boys home.

    July 15, 2011 at 9:23 am | Report abuse |
  4. bob

    @marsha: um I believe you talked to a name thief several time, just saying.

    July 15, 2011 at 10:17 am | Report abuse |
  5. bob

    CNN your censor program really sucks.

    July 15, 2011 at 10:35 am | Report abuse |
  6. bob

    @Jeff Frank: I am not an Obama fan but it isn't him who wants to do away with social security and medicare it's the Republican Party, they've been trying to since it's inception, cut military spending though-no way even though it accounts for nearly 2/3rds of all spending(1.2trill. a year,that's) 100x more than all other country's combined spend on their's. All "enti tlement" programs combined account for about 600 billion a year we collect 210 billion a month in taxes so as anyone can see social security and medicare are not the problem like the republican party is trying to claim it's scare tactics plain and simple. BTW I have been a staunch republican since before 1980 but this current crop is off their rockers. Same message I tried to post earlier but was rejected get a goddam clue cnn.

    July 15, 2011 at 10:46 am | Report abuse |
  7. bob

    BTW the 1.2 trillion isn't even taking into account what we're spending on the wars, that's a separate budget. Also I didn't bring up all the money that has been stolen from medicare and social security over the years. If that money hadn't been stolen the programs would be fully funded for well into the future, of course you won't here Rush or Hannity even think about discussing the military spending or the theft of funds for social security because they're total hacks.

    July 15, 2011 at 10:54 am | Report abuse |
  8. Jon Stall

    Did I get here on time for the conference? I think I missed it because I just saw one paragraph and that's it 🙁
    Never mind, I just heard that we ended the day without a deal again.

    July 15, 2011 at 2:47 pm | Report abuse |
  9. Lonnie

    I just read Roland Martin's article where he said it was "totally insane" to demand a balanced budget without raising taxes. I disagree. I believe that equally honest and sane people can have different points of view. Indeed, I believe that just this sort of dialogue is what makes our country great. If I'm insane, please answer this question: how much revenue is enough? When will tax hikes end?

    July 16, 2011 at 12:31 pm | Report abuse |
    • Joey Isotta-Fraschini

      Are you kidding here? Of course we need tax hikes in order to balance the budget unless those idiots in Washington wise up somehow and decide to get us out of these obnoxious wars overseas the way they need to but won't plus cut out the unnecessary military spending the way they should.

      July 17, 2011 at 12:17 am | Report abuse |
    • concerned

      Actualy Lonnie, we are at the lowest tax level since the Eisenhower era. It is not that I am in favor of more taxes, but so far it seems that this whole economic downturn is resting in te backs of the mddle and lower class of this country. The main idea of the tax breaks for the wealthy was to let them keep more money to create jobs. Well!!! that has clearly not happened. Regarding your last question, I think this issue has been adressed by several people in a sense that tax hikes for the wealthy should be at least at the pre-Bush era levels (when this country had a fiscal surplus).

      July 26, 2011 at 4:40 pm | Report abuse |
  10. saywhat

    second that.
    @ bob
    the cost of wars to US has crossed $ 3.7 trillion & climbing

    July 17, 2011 at 4:58 pm | Report abuse |
  11. john wyatt - blog about current events

    July 20, 2011 at 12:24 am | Report abuse |
  12. Eugene

    At what point in his presidency does he stop blaming Bush and the Reublicans – Obama needs to take ownership of his job and handle this – we Americans are tired of this behaviour – this is what we get for electing a man with no P&L experience and has only received and handed out money – he is making a sham out of the Oval Office

    July 25, 2011 at 9:36 pm | Report abuse |
  13. D L Sturgis

    Why do we domesitically have to be punished because of the overspending and borrowing of the congress and is continuing to grant billions and billions of dollars to other countries. I think each congressman and senator should have their income stopped until this is resolved and stop punishing the American tax payer. I also believe we should stop ALL OUT SOURCING OF OUR JOBS TO OTHER COUNTRUES, If large business continues to do outsource; triple their taxes; and if they continue to do this for 6 months or more, take their American citizenship away from them.
    This may be an over simplication of a solution to the problems; but it is basic and hits home; and may just solve some of the issues.

    July 29, 2011 at 9:41 pm | Report abuse |
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