Overheard on CNN.com: Beyond frustrated with debt stalemate
July 26th, 2011
11:51 AM ET

Overheard on CNN.com: Beyond frustrated with debt stalemate

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!!!”

Do you feel your views align with these commenters' thoughts? Post a comment below or sound off on video

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

soundoff (2,307 Responses)
  1. Kim

    I just think everyone should be taxed the same percentage, no matter how much they make, sounds only fair to me.

    July 26, 2011 at 1:16 pm | Report abuse |
    • A Real American

      So let's say everyone gets taxed 15%. A person making $1 million a year takes home $850k. A person making $20k takes home $17k. Fair?

      July 26, 2011 at 1:21 pm | Report abuse |
    • Pat

      ... only if everyone has the same percentage of their net worth in stock portfolios and pays the same percentage of their income as sales tax?

      What? You're so wealthy that half of your income comes from stock dividends? Well, definitely you need those reinvested dividends as badly as a single mother needs food for her kids.

      July 26, 2011 at 1:21 pm | Report abuse |
    • Carcar

      I agree w/Obamas "balanced approach" to reduce the federal deficit!!!!! We very much believe the very rich PEOPLE AND COMPANIES should not get the tax breaks they get and they should pay their fair share – we absolutely know they are laughing all the way to the bank!! Right now down here in the 'Middle Class' – we are being burdened way too much. There is little hope left.... we need hope! In our 'Middle Class' world we have always been lead to believe – " the more you make the more you are going to pay in taxes- Uncle Sam wants his part. I think it is time this applies to the RICH – and BIG COMPANIES MAKING MILLIONS/BILLIONS- they are NOT paying their part – this is NOT in quesiton!!! Me and my family do NOT want Boehners Plan.....

      July 26, 2011 at 4:16 pm | Report abuse |
  2. Ken

    It is time for a Bolshevik style revolution is this sad excuse of a nation!! The U.S. is a has been and is crashing and burning right before our very eyes. There should be mass protesting, instead all people care about is the next sale at Wal-Mart!!

    July 26, 2011 at 1:18 pm | Report abuse |
    • ThatGuy

      Ummmm... I wouldn't call upon the Bolshevik revolution... many died, and the resulting communist government was highly corrupt

      July 26, 2011 at 5:00 pm | Report abuse |
  3. Mamamia

    Compromise Congress (GOP)...get the job done today before we all pay the price!

    July 26, 2011 at 1:18 pm | Report abuse |
  4. sdurr

    Absolutely concur with majority of these comments. It should be criminal to act the way Boehner and his cohorts are acting. It would be nice if they could see these comments. I e-mailed both my congressman and senator this a.m. and told them if they don't get togeher and get this ironed out, I will do everything in my power to make sure they pay next election. It is ridiculous. Get rid of the tax cuts for the rich – even the rich are saying it – and increase their tax burden. Don't increase mine and don't put fingers on my social security, medicare and medicaid

    July 26, 2011 at 1:18 pm | Report abuse |
  5. Ronald Reagan's ghost

    Well, it seems that things have changed since I left; so here it is, straight and right on, to the Teanut-GOP, Mr Boehner and Mr Eddie Cantor, TEAR DOWN THIS WALL of WOODEN-HEADEDNESS!!

    July 26, 2011 at 1:18 pm | Report abuse |
  6. bob

    President Obama;

    State your position and stick with. You are looking foolish.

    July 26, 2011 at 1:18 pm | Report abuse |
    • MTATL67

      Looks like a damn good leader to me. Boeher, McConnell and the walker Cantor are uncompromising fools. I which there was a vote of no confidence in the House The Government defaults and you'll blame the President.

      July 26, 2011 at 2:22 pm | Report abuse |
    • BinFL

      President Obama is doing his job and trying to be the mediator between these two dysfunctional parties. He's keeping the American informed of what's going. If you have paid attention you would know that he has stuck to his guns as to what he believes is far and just but also has to deal with an obstructionist party that wants to defeat him at all costs.

      July 26, 2011 at 3:01 pm | Report abuse |
    • BinFL

      Meant to say "he's keeping Americans informed of what's going on"

      July 26, 2011 at 3:03 pm | Report abuse |
    • Carcar

      President Obama did a great job in explaining the situation in his speech. I did not vote for him – but I definately will the next time – I hope he wins this one – those other guys are crazy –

      July 26, 2011 at 4:19 pm | Report abuse |
  7. Sue B

    I don't want to pay for one more Debt Commission. They have had 17 of them. Why should I believe they will listen to the 18th one. I say, live within your means. We do not have a revenue problem. Washington has a spending problem!!! I believe we are all taxed enough already. Figure it out Washington. Live like we all have to, spending only what you have. I am watching and I vote!!!

    July 26, 2011 at 1:19 pm | Report abuse |
    • BinFL

      Yes, we have a spending problem but just how much do you think should be cut before we all suffer for it! Revenue has to be raised. There are two things that are definite in life .....DEATH & TAXES!!! Get over it!

      July 26, 2011 at 3:05 pm | Report abuse |
    • Art R

      Taxed eniough already? Federal revenues are now 14% of GDP, the lowest in decades. And you want it lower. One major reason for our current problems is the $1.7 trillion given out from Bush's tax cuts, (of course added to the deficit) which created very few jobs (the cost was calculated at $329,000 per job created – what a waste). Those Bush tax cuts cost $73,000 for every American adult – can you find anyone in the middle class who thinks they got $73,000 of incremental economic benefits. But I'm sure the rich think they got their money's worth.We could have created more jobs by taking that $170 billion per year of the Bush tax cuts, put the cash into a fleet of helicopters and dropped the money on the middle class.

      July 26, 2011 at 5:47 pm | Report abuse |
    • Art R

      If there's any wealthy people out there who think they are taxed too much, they should simply find a different accountant who has even more sophisticated and creative ways of reducing tax liability, There was a good article in an April edition of Business Week describing 11 ways of "How to Pay No Taxes":

      http://www.businessweek.com/magazine/toc/11_16/B4224no_taxes.htm

      And we wonder why the deficits are so large – in addition to a spending problem, we also have a (lack of) revenue problem.

      July 26, 2011 at 6:04 pm | Report abuse |
  8. A Real American

    Hahaha. Capitalism is destroying itself by shutting off demand. How can the "job creators" create jobs when nobody can afford to buy anything?

    July 26, 2011 at 1:19 pm | Report abuse |
  9. U'Wanna M'Deek

    Why is everyone so concerned about crashing the economy? It already crashed!

    Thank you George Bush & the Republican war mongers.

    We WILL remember you, each & every one of you & I do not mean at election time.

    Your finances will be exposed for the entire nation to see. Your campaign contributors will be identified & how you vote will be considered along with the financial influence your real supporters (corporations) have given you.

    The nation is on the verge of more then financial turmoi. People are really angry & I don't mean angry in a philosophical sense, they're PO'ed beyond anything any of Congress realizes. And when the masses turn out in the streets you better head for your private islands.

    July 26, 2011 at 1:19 pm | Report abuse |
  10. Annie

    Debt Ceiling: The Republicans don't know the meaning of compromise. They believe that because a few fools voted for the tea party that they are in the majority. What is that they say about beeing fooled...Fool me once, shame on you; fool me twice, shame on me. The American public is not going to be fooled twice...the Republicans will be booted out of Congress.

    July 26, 2011 at 1:19 pm | Report abuse |
  11. Rus

    The problem is not Republicans or Democrats, the true problem is an American public who get irate at every spending cut, and want taxes raised on everyone but themselves to pay for it all. We need a Balance Budget Amendment to keep the George Bush's of the future to not to into wars that are not paid for and add massive health care expansions financed by debt. We need to keep the Barack Obama's of the future to stop "investing" in green technologies that do not work and expanding our military might all over the world.

    Back in 1995, a Balanced Budget Amendment nearly passed with bi-partisan support, it failed by 1 vote in the Senate after being passed by the House. It is not a radical idea, it's been called for the past 30 years. We will never keep influence from lobbyists and special interests out of Washington until the credit card has a limit.

    July 26, 2011 at 1:20 pm | Report abuse |
    • DB402L

      And what happens when another 9-11 happens or another national disaster like Katrina- or worse? That wouldn't be within the "Budget". Does the President then go hat-in-hand to Congress to beg for the funds to handle it?! The Republican Congress will demand what in return for their patriotism in aiding their country?

      July 26, 2011 at 2:26 pm | Report abuse |
  12. Snakebite201

    Our economy is broke. Our government is broke. I am broke. What's next?

    July 26, 2011 at 1:20 pm | Report abuse |
    • Carcar

      I am broke TOO!!!!

      July 26, 2011 at 4:21 pm | Report abuse |
  13. paulakurian

    plain simple wisdom of solomon: cut the living child in half, so that my adversary will lose her child too. good christian training for republicans

    July 26, 2011 at 1:20 pm | Report abuse |
  14. Rob LeChevallier

    The funny thing about the debt ceiling deadlock is that it will be the people that have assets in the stock market or in $$ in the bank that will take the financial hit if the deadlock is not broken. So those who have assets will be hurt the most initially –i.e. mostly mainstream Republicans–farmers, small business owners and professional!

    Americans will not stand to see social security checks stopped or soldiers in Iraq or Afghanistan not paid their pay. I think we should suspend the pay for Congress and their aides until this is resolved.

    July 26, 2011 at 1:20 pm | Report abuse |
  15. Ron Paul 2012!

    POLITICAL DIFFERENCES IN DEBT DEBATE EXPLAINED TO SHEEP

    Democrat: Follow Greece's Path. Raise the credit limit and get more loans to pay for it, but do not default.
    Result – Riots in the streets, banks profit, & China comes out ahead.

    Republican: Follow Ireland's Path. Introduce "Austerity Measures" and cut spending, but do not default.
    Result – Riots in the streets, banks profit, & China comes out ahead.

    Libertarian: Follow Iceland's Path. Pay out minimum amount of money to keep National government running at reduced levels, pay retirees, and default.
    Result – 2 to 3 years of pain, international TBTF banks suffer, & economy surges past China's.

    Note: Population levels have nothing to do with credit agency ratings – just like it doesn't matter how many people live in your household with your personal credit. What matters is your country's debt to GDP ratio – just like your debt to income ratio.

    July 26, 2011 at 1:21 pm | Report abuse |
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89