As I suspected, Obama kept demanding more and more tax increases. And Boehner turned him down FLAT.
Kudoes to John Boehner. Keep up the good work.
Could this be the first time that the Republicans actually grew a spine, and halted the long enroachment of liberalism into the United States?
Time will tell.
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http://www.foxnews.com/politics/201...lks-with-white-house-turns-to-senate-leaders/
Boehner Ends Debt-Limit Talks With White House, Turns to Senate Leaders
Published July 22, 2011
FoxNews.com
House Speaker John Boehner called President Obama Friday to inform him that he is pulling out of talks with him on raising the nation's legal limit to borrow money to avert a government default.
Boehner sent a letter to lawmakers saying, "In the end, we couldn't connect. Not because of different personalities, but because of different visions for our country."
In a hastily arranged news conference in the White House briefing room, a visibly irritated Obama said that "it's hard to understand why Speaker Boehner would walk away from this deal."
"This was an extraordinarily fair deal," he said, explaining that the White House offered $1 trillion in spending cuts and $650 billion in changes to entitlement programs in exchange for $1.2 trillion in new revenues.
Boehner will now work with Senate leaders on an alternative "to find a path forward," he wrote in the letter to lawmakers. But Obama said he wants to see congressional leaders at the White House Saturday to figure out how to avoid a government default.
"We have now run out of time," Obama said.
According to a GOP leadership aide close to the talks, the sides were moving forward toward a total package that would cut $3 trillion to 3.5 trillion over a decade. It would have included an incremental increase in the $14.3 trillion debt ceiling now and force another one late next winter.
But the aide said a disagreement over revenues "blew this up."
Senate Republican leader Mitch McConnell said in a statement "it's disappointing that the talks with the White House did not reach a favorable conclusion, and I appreciate the speaker insisting on reduced spending and opposing the president's call for higher taxes on American families and job creators."
"As I've said before, it's time now for the debate to move out of a room in the White House and on to the House and Senate floors where we can debate the best approach to reducing the nation's unsustainable debt," McConnell said.