Published reports indicate congressional Senator, John Boehner, has walked away from the debt ceiling debate, against President Barack Obama, exasperated that they have been unable to come to a final agreement. There is talk that Obama's own Democrats are angry with him over the lack of progress. The press and public had hoped the issue was almost resolved, but the latest on the negotiations illustrate otherwise.
"Video: Speaker Boehner: Time for the No-Budget Senate to Act on Cut, Cap & Balance"
Prominent Republican senator, John Boehner, took to the podium today, to announce the Republican party has developed a financial plan for America, but await a response from U.S. President, Barack Obama, regarding the course of action he intends to take. The clock is winding down to the August default deadline, in the debt ceiling debacle Congress is currently presiding over.
Barack Obama
The regrettable fact regarding the congressional fighting, excuse me, debates, is neither side has been able to take the better ideas from each party and merge them into one proper solution. Overall, the Republican party has the better, more prudent economic plan save for the no taxes clause, which, frankly, is a problem.
John Boehner
The Democrats' financial plan has too much spending, but its true redeeming factor is the tax increase on the rich, which would make a big difference (provided the money isn't squandered by too much spending again). Really, is it that hard to compromise with each other. Even the government had to admit this week that the talks have become unusual and strangely stalled, in comparison to past negotiations. Something is wrong.
In a jab at U.S. President, Barack Obama, leading Republican, John Boehner, outlined his party's economic and political plans for America, in the wake of a terrible financial crisis. Boehner also went on to state, President Obama has no financial plan for America, only issuing speeches in the face of serious issues.
Senator John Boehner (left) and President Barack Obama (right)
As the deadline for the debt ceiling nears, the President and his fellow Democrats, are locked in negotiations with rival Republicans and it appears they have made very little headway. Here's hoping both sides will accomplish something in the coming days.
U.S. President, Barack Obama, is reportedly very frustrated with the lack of progress in negotiations, regarding America's debt ceiling. He lashed out in anger this week stating, "I have reached the point where I say enough. Would Ronald Reagan be sitting here? I’ve reached my limit. This may bring my presidency down, but I will not yield on this." Currently, if there's anything that is going to bring Obama's presidency down, it is his unprecedented government spending, with no results to show for it, as the economy continues to worsen in every way.
John Boehner
On the other side of the aisles, top Republican, John Boehner, is sticking to his guns on not raising taxes on the rich (which the Judiciary Report does not agree with) and budget cuts (which the Judiciary Report does agree with). It is in times like these, it is beneficial to look to economic plans of the past that worked and within reason, apply those lessons to the challenges of today.
