Tea Party - Obama "Greek" Tragedy

 From: TeaParty@TeaParty.org Sent: Sunday, July 17, 2011 Subject: Tea Party - Obama Tragedy

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• He claimed 80 percent of Americans support what he called "a balanced approach" to the problem and it is time Republicans on the Hill listened.
• President Barack Obama tried to go over the heads of GOP Congressional leaders on Friday, pleading with Republican voters to back his plans for revenue-raising measures to be included alongside spending cuts in a debt ceiling deal.
• He claimed 80 percent of Americans support what he called "a balanced approach" to the problem and it is time Republicans on the Hill listened.
• Taking repeated potshots at the GOP leadership, Obama said, "The American people do not want to see a bunch of posturing. What they want is for us to solve problems.

     "The clear majority of Republican voters think that any deficit reduction package should have a balanced approach and should include some revenues," Obama said. "That's not just Democrats. That's the majority of Republicans.  "At what point do (Republicans in Congress) start looking to the people who put them in office?  "I don't expect politicians to not think about politics. But every so often there are issues that are urgent, that have to be attended to that require us to do things that we don't like to do.  "The problem is that members of Congress have dug in ideologically... They have boxed themselves in with their previous statements."  Despite saying repeatedly that the country is running out of time with less than three weeks to the Treasury's Aug. 2 deadline, the president seemed to downplay the problem. "We don't have to do anything radical to solve this problem. We aren't Greece, we aren't Portugal," he said.

     "Our problem is we cut taxes without paying for them for the last decade. We ended up instituting programs like the prescription drug program for seniors that was not paid for. We fought two wars, we didn't pay for them. We had a bad recession that required a recovery act and stimulus spending and helping states. All that accumulated and there's interest on top of that.

     "To unwind that, what's required is to roll back those tax cuts on the wealthiest individuals."

     Obama was giving his third press conference in two weeks on the debt ceiling. The Treasury says the country will run out of money and will have to default on its debts in early August unless the $14.3 trillion limit is lifted.  He said he is still hopeful of a "big deal," where the debt ceiling is dealt with at the same time as the "general underlying problem" of debt and deficits........Click -> You Have Got To Keep Reading This Article!

So the fondest Washington hopes for a grand debt-limit deal have broken down over taxes. House Speaker John Boehner said late Saturday that he couldn't move ahead with a $4 trillion deal because President Obama was insisting on a $1 trillion tax increase, and the White House quickly denounced House Republicans for scuttling debt reduction and preventing "the very wealthiest and special interests from paying their fair share."

How dare Republicans not agree to break their campaign promises and raise taxes when the jobless rate is 9.2% and President Obama's economic recovery is in jeopardy? ...KEEP READING THE STORY

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