“DOWN TO THE WIRE”
White House Photography Pete Souza, July/11, 2011
President Obama hosts a news conference at the White House to discuss the status of efforts to find a balanced approach on deficit reduction.
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THEWHITEHOUSESPIN.COM
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WASHINGTON
WEDNESDAY, JULY 13, 2011
WASHINGTON- In the morning, U.S. President Barack Obama and U.S. Vice President Joe Biden will receive the Presidential Daily Briefing in the White House Oval Office.
Later in the morning, President Obama will meet with Russian Foreign Minister Sergey Lavrov. The two Presidents will discuss a variety of issues including Russia’s World Trade Organization accession and Libya.
Later, President Obama will meet with members of the President’s Intelligence Advisory Board in the White House Roosevelt Room
Later in the afternoon, President Obama and Vice President Biden will meet for lunch in the Private White House Dining Room; after meeting with senior advisors in the Oval Office.
In the early evening, President Obama and Vice President Biden will negotiate with Congressional Leadership in the Cabinet Room to discuss the ongoing efforts to achieve a balanced approach to deficit reduction.
WHITE HOUSE SOUP OF THE DAY
Roasted Red Pepper & Tomatoes Soup
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“DOWN TO THE WIRE”
Posted by Karen Ann Carr
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WASHINGTON- When the debt limit is reached on your credit card, you most likely refocus on the values your parents or spiritual advisors have taught you. You manage your spending. You operate on a budget. You stop spending. You focus on paying off the credit card. And only if it is an emergency, you request an increase debt limit based on what your resources are.
But now, Wall Street got bailed out after stealing billions. The President is saying the debt limit must be increased to save our future; Wall Street quietly stands by as all hell breaks loose within the global economy; and money is waiting to see who will blink first in fear. Senator McConnell proposes raising government debt ceiling if sufficient cuts in spending are upheld. However, what Senator McConnell is really doing is passing automatic power to President Obama to increase the American debt limit to 16.7 trillion dollars.
So for the fourth straight day the White House is hosting talks between U.S. Congressional leaders and the U.S. Presidential leaders to increase the possibility of economic failure. The focus is on brokering a deal that would increase the debt limit, while handing the blame to President Obama. Focus on century old virtues such as paying off debts and budgeting based on real resources are not the goals, according to White House sources.
We are better than this. We have a GOP who wants to be increase the debt limits, but does not want to be viewed as being complicit in the act. And we have a Democratic party who is not willing to let wealthy people to keep their cash in their own pockets. Wealthy people shouldn't be required to help the poor by way of legislation, especially since many give to the needy.
As it is now, America may never retire the debt.
America's Wall Street Market is sleeping! The American representatives of the U.S. Congress are resting! The White House leadership is waiting for the U.S. Congress to come to an agreement. But America is better than this. The GOP must be apart of any decision to increase the government debt limit. This is not a decision to be placed, totally, in the hands of the Obama administrative staff. The U.S. citizens did not elect the economists of the Obama administration. And the individuals of states did not elect the Federal Reserve Chairman to run the economy of the U.S. government.
Some decrease in spending must happen. Fiscal tightening is required to get people back to work. Fiscal spending must be reduced to decrease the housing market crisis. Fiscal tightening is needed to generate the money that is needed to improve the technical skills of the consistently unemployed. Wake up Americans! Wake up!
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