As debt ceiling talks continue, last night both sides presented reasons for a stalled solution. President Barack Obama called the political showdown "no way to run the greatest country on Earth" while House Speaker John Boehner insisted that excessive government spending is the root cause of America's financial problems and that expenditure cuts are the only solution.

Based on their comments, CNN.com readers are frustrated by the deadlock and many blame Republicans and House Speaker Boehner for not being willing to compromise.

Comment of the morning:

“It's looking to me kinda like grandma won't get her SS check because we invaded Iraq needlessly. That's pretty hard to swallow.” - ArooMadazda

Where’s the compromise?

Here's what else our readers had to say on the issue:

MasterJ51503 said, “Other than surrendering himself for impeachment, President Obama has given the Republican party EVERYTHING they desire. This is about as much compromise from Democratic leadership I have seen in decades, and the Republicans un-willingness to strike a deal on such circumstances that favor them tremendously only shows their true agenda: they want to paint Obama as a "failure.”

aahawks said, “No matter which side you are on, the President said one important word: "Compromise." From what I see, Obama is willing to make cuts and meet in the middle. The Republicans are not willing to meet in the middle. It’s their way or no way. Compromise is how we get things done.”

TorukMakto said, “Can we get the approval ratings for Boehner? I thought Bush was bad, but I have never seen a politician so openly threaten to let the U.S. economy get destroyed as long as the wealthy and corporations continue to enjoy the Bush TAX CUT.”

adamThegr8 said, “Obama speaks to you. Bohner speaks at you.”

Samuel27 said, “Boehner's speech boiled down to ‘Do what I say, and no one gets hurt!’”

TryLogic said, “Hey, Boehner: It's not a blank check. It's a debt ceiling increase, which has happened 74 times since 1962. And it's for exactly $2.4 trillion. Stop holding our nation hostage with politics.”

TheRealist20 said, “Boehner chooses to make extra cuts to Medicare and Social Security so he can preserve tax CUTS that were supposed to expire anyway, for the wealthiest 2 percent of the population. What a total slime ball.

Switters02 said, “Boehner cannot get his 'plan' passed by the House – 39 Republican Representatives have SIGNED A PLEDGE not to vote for it. Priceless.......”

anonyname said, “Remember, Speaker Boehner, if you break, it you own it. While you try to blackmail the President to keep millionaires and billionaires from paying more taxes, you are in GRAVE danger of being the guy who places the last straw that craters our economy. Do you want to be remembered forever as the guy who did that?”

Guest responded, “It's the President who doesn't UNDERSTAND the economy. He has NO background to be in the position as the President. It's showing BIG time here.

zzbbe said, “For some strange reason Boehner is determined to reelect Obama. His performance last night must have been worth many million votes for the Democrats.”

ihantotta said, “Poor Boehner. He looked so pathetic. He had to get up in front of the whole country and tell us that his party won't lift a finger for the common man.”

Truthwins101 responded, “Any sane person listening to Boehner last night would never be able to vote for Obama again in a million years. If you pull the lever for Obama in 2012 it speaks VOLUMES about your lack of mental capacity.”

brianguy123 said, “Obama's speech rambles about the year 2000, teachers, firefighters and corporate jets, none of which have anything to do with the issues at hand. The guy is from Pluto. He is not living in the real world.”

CorruptUS said, “If I had to choose right now between the plans presented last night. Hands down would I choose the one Obama was pushing.”

apaige said, “President Obama explained the debt ceiling crisis in everyday language to many Americans who didn't understand how serious this situation has become. He asked for balance and compromise while Boehner spent his time attacking the President. More importantly, the President told the country how a small cult of extremists have taken over the government and produced this very dangerous and unnecessary stalemate.”

ChefCHEESE said, “I watched President on TV last night and I think his plan makes 100% sense. The Republicans are an arrogant bunch of people who act as if they are still in power. I hope the voters will realize that and given them a real beating in election in 2012.”

gman90210 said, “Obama is openly lying to you. 'Tax the millionaires and billionaires'. Then in the same speech the plan is to tax 250k+, which is closer to zero than a million. Democrats can't understand simple math, blindly following a clueless leader who only cares to kick the can down the street to get past the next election instead of solving real problems.”

BobnLA said, “What is sad is that the President has to ask people to get involved in their own future. Getting a phone number or email address for any politician is simple- Google them. The real problem? Most Americans don't know who their representatives are!”

fiskenmann said, “Contact your lawmakers? Sorry, Mr. President, our lawmakers in South Dakota do not respond to voters unless you give them a check!!!”

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Compiled by the CNN.com moderation staff. Some comments edited for length or clarity.