President Obama Wants Budget Deal “Not For Party But For Country”

The news this morning from Washington is mixed when it comes to the need to raise the debt ceiling, and find a budget agreement to allow for that necessity.  One can only hope that the players, based on their statements, are keeping their cards close to their vest so as not to create a backlash until a final product is ready to be detailed.

For the needs of the nation we must hope that the tone of the remarks from the Republicans are for political purposes and not to be taken as the full truth.

I have long suspected that House Speaker Boehner wants more of a moderate plan that can actually pass, and may at the end of the day need to arouse some wrath from congressional teabaggers in order to get a deal for the country.  After all, there is no way that the harsh measures from the extreme right of his party can be implemented.  But the middle road approach of means testing some entitlements, and closing tax loopholes would have, I strongly suspect,  enough votes to pass.

With that said this morning after some just awful employment numbers were announced the two main players made remarks about the budget deal.

From Politico.

President Barack Obama, responding to disappointing job numbers this morning,
said that the sooner Congress reaches an agreement to extend the debt ceiling
and achieve significant deficit reduction, “the sooner we will give our
businesses the certainty they will need” to make additional investments and
speed the economic recovery.

Obama said a deal should be made “not for party but for country” and expressed optimism about the talks with congressional leaders that will resume Sunday at the White House.

From The Wall Street Journal

House Speaker John Boehner on Friday said no budget agreement with Democrats is
“imminent” and that he didn’t see differences between the two parties narrowing
in recent days. There is no deal between him and the president “in public or
private,” he said.

The remarks came as congressional leaders and President Obama planned to work this weekend to reach a compromise that includes as much as $4 trillion in deficit reductions over the next decade and an increase of the U.S. debt ceiling.

From First Read

Here’s what we learned from yesterday’s meeting: 1) the Democratic and GOP leaders agreed on the necessity to raise the debt ceiling by Aug. 2; 2) six of the eight congressional leaders in attendance said their preference was to go big in deficit reduction; 3) the two who said their preference was a mid-sized deal were Eric Cantor and Jon Kyl, veterans of the Biden talks where the $2.5 trillion deal was essentially written; and 4) Democrats don’t want significant cuts to come from Medicare and Social Security

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