clean bill. we should not be making economic policy for the next ten years, you know, lawrence, these proposals cover the budget for the next ten years. that s you re tying the hands of the presidency, i cannot possibly meet emergencies under these conditions. thank you very much for all your consideration, i tried and tried and tried to reach an agreement with you, now enough. i want a clean bill on my desk by thursday. i will veto anything else, and i will take it to the american people if you don t do that. that is exactly the speech that i would like to hear. that s the speech i would write for him. i think he has positioned himself perfectly now to deliver that speech, appearing to compromise on all these things. it seems to me he has successfully gotten the republican leaders onboard with the notion that failing to raise the debt ceiling is impossible, we absolutely must do it. if we must do it and time hasรง
dollar-for-dollar savings in the debt ceiling, no revenues, and cuts that they have supported. so ask yourself, the american people will be asking themselves, if they oppose this, why? since it s everything they asked for. this is a very hard decision for many on our side. our side knows that any serious debt reduction plan must include revenues, but in the interest of preventing a default, we can have the fight on revenues later when we get to the grand bargain speaker boehnor couldn t bring himself to accept from barack obama, we offer this plan. it s a tough choice, but for democrats, we get an increase in the debt ceiling through 2012, and we succeed in extending benefit cuts in medicaid, medicare, or social security. so this proposal meets both
leader eric cantor described their new plan at a news conference at the capitol. we put out our plan as to what it is we want, the cut, cap, and balance last week, this plan is not that. you know, the president said that he wants a higher taxes and he wants a vote through the election. this plan doesn t have that in it. so it is a situation where no side gets all that they want. under the house republicans latest proposal, they get multiple debt ceiling votes, pending cuts without revenue increases, and cuts to the entitlement programs like medicare that democrats want to protect. the head of the non-partisan center, bob greenstein, issued a scathing verdict on this new republican plan. house speaker john boehner s new budget proposal would require deep cuts in the years immediately ahead in social security and medicare benefits
everyone on the debt ceiling during an election year. of playing politics with this debt ceiling recently because the president says he doesn t want to have a vote during an election year, he wants the next debt increase after the election year. if the president is playing politics by saying he doesn t want a vote during an election year, aren t the republicans playing politics specifically by saying they do want to put the democrats and the president through another debt ceiling vote in an election year? i think it s very obvious that s exactly what they are doing, and as a matter of fact, their rhetoric is to put president obama in a bad spot. i disagree with chuck schumer, by the way, he said what democrats get out of this is raising the debt limit. that s not what democrats get out of it, that s what america gets out of it, a responsible country that pays its bills and protects the financial stability of our country, every credit card, 401(k) programs, stock
everyone except them will go to held when they die. hard choices and putting the that s what governing it really about. good evening from new york, in one hour the president will address the nation on the looming debt crisis as we approach the august 2nd deadline for a legislated increase in the borrowing authority of the united states treasury. up to now, raising the debt ceiling has always been a routine legislative matter, never the stuff of presidential addresses, never a reason for the president to ask the networks for time to address the nation. but never before has one party seriously threatened to prevent an increase in the debt ceiling. the president will speak at 9:00 p.m. eastern from the east room of the white house, house speaker john boehner has requested response time from the networks. the duelling speeches come after