“Let’s Step Up…Let’s Do It”

Picture 8

Obama at White House presser says he is willing to “take significant heat from my party” to get a budget deal.

Highlights from Obama’s remarks:

Says he “will not sign” short-term extension.

“I have bent over backwards” to compromise with Republicans on tax increase.

“Nobody” has talked about tax increases for this year or next—only as part of broader package.

Says leaders agree it’s “not acceptable” to not raise debt ceiling.

Deal must include “meaningful changes” to entitlement programs, requires both parties to sacrifice “sacred cows.”

“We don’t risk U.S default on our obligations because we can’t put politics aside.”

The president used a full-length press conference to make his case (again) for a grand bargain. He praised John Boehner, said he would reject a short-term fix, and pointed out that he is “willing to take significant heat” from Democrats to get a deal — in order to try to control the center. He also made his usual equity case for why tax cuts for the wealthiest should be part of any package. And/but with no new proposals or dynamic-changing rhetoric, it is hard to see right now how this appearance could become a game-changing moment.
Related Topics: News

Post a Comment

You must be logged in to post a comment.

  • Tweets

    View More Tweets From @TIME

Follow

Get every new post delivered to your Inbox.

Join 246 other followers