Sunday, July 31, 2011

New Debt Deal That Obama, Democrats Dislike

President Barack Obama makes a statement on new debt deal - July 31, 2011
A new debt deal is in place, as confirmed on Sunday night. The would increase the ceiling by one trillion dollars, which is enough to get the US government through the February of 2012, while cutting spending. On the partisan scale, the Republicans got more of what they'd like than the Democrats. In fact, Speaker of the House‎ John Boehner urged his fellow Republicans get on board with plan on Sunday night. On the other hand, the Democrats are not so excited. The Congressional Progressive Caucus vowed to vote against this deal as it lacks tax increases on the rich. Furthermore, Minority Leader of the United States House Nancy Pelosi, who is considered a progressive Democrat, was nowhere to be seen in public.

Until now and then, there's a congressional committee setup to report on further debt reduction procedures. Those plans will be voted on in November of this year.

"A bipartisan committee of Congress to report back by November with a proposal to further reduce the deficit, which will then be put before the entire Congress for an up or down vote," said Pres. Obama.

Meanwhile, on tax reforms, as President Obama said on Sunday, he will make the case for the law makers to increase taxes on the rich and big corporations.

"Over the next few months, I’ll continue to make a detailed case to these lawmakers about why I believe a balanced approach is necessary to finish the job," said President Obama.

President Obama made clear that this isn't the deal he preferred, stating "I believe that we could have made the tough choices required -- on entitlement reform and tax reform -- right now, rather than through a special congressional committee process."

President Obama ended his short speech on Sunday night by saying this deal is better than nothing. Honestly, he's right, because if there's no deal at all, then he has the most to loose ( that's just political talk, not what's best for US :-) )

Obama concluded with a shutout to lawmakers, "We’re not done yet. I want to urge members of both parties to do the right thing and support this deal with your votes over the next few days. It will allow us to avoid default. It will allow us to pay our bills. It will allow us to start reducing our deficit in a responsible way. And it will allow us to turn to the very important business of doing everything we can to create jobs, boost wages, and grow this economy faster than it's currently growing."

Photo courtesy of White House
Read full remarks:

Opinion on Republicans Cutting Entitlement Programs

Opinion on Republicans Cutting Entitlement Programs
Written by Melissa Hempe, entitlement program supporter (and advocate), donor, and believer in the strength of Obama's vision for America

Do Republicans really know anything about the real people that live day to day on so-called "entitlement" programs? I invite them to visit my neighborhood. The poor families that live on Oak Street.

Tonight I took a few neighbor kids to Fred Meyers to buy a birthday present. Jordan turned 16 this year, and I have watched him grow from an eight year old boy to a fine teenager. Delinquent, to be sure, but I don't judge him. His alcoholic mother drove her car into a tree and died instantly when he was only four. He showed me the tree, still bare of bark around the base after so many years. His father, also an alcoholic, can't hold a job. Lately he has been delivering the paper, and the two of them barely scrape by. Jordan often smells because his dad rations their water usage to one shower a week

The other kids at school have the newest gadgets and phones and computers and clothes and spending money. Jordan chops wood for the wood stove, takes his ratty skateboard to skate night at church once a week, and makes the best of things. He smiles and manipulates and charms me into buying things for him; ear buds, cell phones covers, a drink at McDonald's. He is quite the little player, and only once in awhile do I burst his bubble and let him know I'm aware of what he's doing. I've spent a pretty penny that I don't have through the years on Jordan, only to watch him immediately trade or lose things, so the birthday gifts are smaller now, and probably more appropriate. I have no children, and use that as a convenient excuse for spoiling him when I can. Which is once a year, and no more than ten dollars. It's amazing how much joy that money can create.

Living in a low-income neighborhood has taught me much about gratitude. Before leaving for Fred Meyer's tonight, one little guy named Christian begged me to buy him a belt, since the one he was wearing was not only too small, but ratty and unraveling. I couldn't afford it. Plus, it's always such a touchy thing, because poor parents have pride just like any other parents, and I have to respect that pride even though their kids do without. I will use excuses at times to give things to the kids. "I am trying to get rid of the clutter in the house - would you mind if I gave your girls some of my old miniature tea sets?" I interact carefully with the poorest of the moms. I sigh and speak of money troubles and the rising price of groceries and how much I respect them for raising children when I have only myself to look after. But I see in their tired eyes the pain of lack, and the knowledge that they are barely getting by. They see the same things in my own eyes, and we end up staring at the pavement many times, lost in our worries.

During the great miniature tea set giveaway, I expected a lot of fighting since such possessions are scarce and coveted. I was surprised to see how generously the little girls shared with each other. The boys are like this too; I have seen one teenager buy another a t-shirt that he will wear every day for several months, and another teen surprise his friend with a used iPod or cheap cell phone, most likely stolen. I appreciate the heart behind these gestures - let the parents teach the lessons. There are good hearts in these kids.

Almost all of the boys have emotional and behavioral issues. Cameron was beaten so badly by his father that he frequently screams and falls to pieces and is barely understandable; he needs speech therapy the family cannot afford. He runs up to me and asks for a hug, and I tell him what a good boy he is and ask him to protect me from any trouble he might see. He stands up straight and takes his mission seriously. Jordan loads up any computer he can find with the kind of porn that shocks even his dad, and has been kicked out of different schools for bad behavior. Zach is sixteen going on twenty-five and I don't even want to know what he does, but he's labeled a "bad kid" and his absentee dad and angry mom guarantee he is seen a lot on the streets. Christian has a blank stare and seems to have no capacity for empathy. His emotional bursts of rage actually frighten me at times. There is something missing, and all the children sense it.

Every now and then the police cars show up and it barely phases me anymore. Brow-beaten moms sit on the front steps of a dilapidated duplex across the street and rumors of child-abuse and suicide threats and troubled children are usually proven true. A social worker stops by rarely and rides bikes with the kids, probably chats with the parents, and does whatever else social workers do. Having no money for extras does not mean a family is unhappy. But the thirst of poverty is best revealed in the children of the home. "I will do anything for money, Missy. I will wash your car or pull some weeds or help you around the house." I tell the kids that I can't give them money, but I can give them love and hugs. Money and material things are said to be the obsession of the rich, but in reality, the poor are consumed by comparison and desire for the basic of luxuries. Which comes first, the emotional troubles that lead to an inability to obtain or keep a well-paying job? Or the poverty? It is a wicked cycle.

Tonight I set off to take a walk around the park down the street. Since I must pass the houses of the neighborhood kids on my way, I soon had an impressive posse ranging in age from three to sixteen. I asked the mom of three of the children if she would like to go with me. It was the first time she and I had really spoken. She responded that she was just too lazy and tired and unmotivated. I told her I could see why, since she had to run after three kids all day, but we both knew it wasn't just that. I made a mental note to get to know these moms a little better; perhaps start a coupon club and invite them over for a drink and a nice cool house with air conditioning. There is an apathy that comes with being poor; I understand completely the acceptance of less than the ideal.

When the kids walk with me, I have to walk at a snail's pace. I can barely keep from tripping over the wiggling, active bunch, complete with one boy on a skateboard. I decided to make the most of it.

"I'm an old woman! Slow down! " I came to a complete stand-still. "I MUST BE PUSHED OR PULLED FORWARD! I CANNOT GO ONE STEP FURTHER. I AM PARALYZED WITH LAZINESS!" The youngest kids obliged gleefully and pushed me from behind, while almost ripping my arms from my sockets while pulling. It was great fun. I continued to whine and complain.

"It's too hot out here! Why did you FORCE me to go on a walk? Missy is too fat to exercise! I AM AS ROUND AS A BOWLING BALL!" This elicited laughter and protests from the little ones, "But we didn't force you to go for a walk!" and rolling of the eyes from the teenagers, and both responses were just what I had hoped for.

"No more Starbucks for me," I lied, and Jordan immediately called me on it. "Missy, you ALWAYS say that and then you ALWAYS end up getting Starbucks at 3:00 a.m. in the morning! I hear your car leave!" Yikes. No secrets are kept when walls are cheaply made and you can hear everything that goes on outside.

"Why, that's simply not true," I said, and acted offended and shocked. "I have only had ONE Starbucks drink this entire year, and you know it."

"MISSY, YOU HAVE GONE TO STARBUCKS EVERY NIGHT THIS WEEK!" yelled Jordan. It was true. Whenever I get a gift card, the Starbucks trips become a nightly thing.

I am one of these children. I live far below the national poverty level, but I have a beautiful car thanks to the generosity of a loving boyfriend. I live in a lovely townhouse thanks to rent that is far below what it should be thanks to an excellent roommate who is also a friend. I can spend my check on improving my life instead of having to divide it between two, four, even five family members. I am the rich girl in their eyes, and how I wish it were true. Because I would give these children everything they needed to be at the same level of their peers, and then some. A belt. A decent skateboard. Speech therapy. Acne medicine. Daily showers. No more verbal abuse. Or physical abuse. Instead I give them hugs and try to make them laugh.

I remember the reason I have chosen not to have children. I knew I could not tolerate the high levels of stress that parents experience. I may sound like I judge the parents of these kids, but I do not. I don't judge them for any of it. Not the abuse, not the seeming laziness, not the neglect, not the addictions. They are doing the very best they can with the resources they have, and I'm not just talking about money. Families that accept welfare usually do so because of a lack of emotional resources. A "lack of work ethic" most often does not spring from laziness, but the inability to be consistent at . . . anything. Let alone a job. And I understand that, and I am that, and I have compassion for all of the poor kids, sure, but also for the parents.

I hope our nation continues to remember that "Blessed are the merciful, for they shall obtain mercy." Social entitlement programs mean just barely getting by. They are a hand-out from the government, but they are nothing to envy. Keeping a roof over one's head and cheap food on the table is about all welfare does. I find it is often the fathers who are suffering the most in these families. Unable to control or manage emotions, they know they do not fit the mold of what a father should be. They cannot keep a job, and the anger they feel at themselves boils over and spills on innocent children. Then the next generation of young men are equally unstable and unable to provide with any kind of consistency. I see the desperation in the eyes of fathers who are home all day, smoking cigarettes they cannot afford, burdened by constant financial drain and children poorly dressed and acting out. Will they make the rent next month? They can't afford to keep drinking, but only drinking makes the pain tolerable. People call men like this lazy. I call men like this broken.

Unless we want a country that reverts to treating the poor like they were in a Charles Dickens novel, I hope the wealthy accidentally drive through my neighborhood now and then. I hope the Republicans with their push to remove taxes from the rich and eliminate "entitlement programs" for the poor get a flat tire and end up walking the length of Oak Street. I want them to see a ten year old boy who begs for a belt; a mother resigned to spending the rest of her life in stark poverty, and a father whose anger is mostly at himself for being unable to provide.

I hope they see me, just as poor as the rest. If I could, I would take them on a guided tour. I would try to teach generosity and compassion and how wrong their understanding of entitlement truly is. So many Republicans and Tea Party members are holding on to wealth and a severe sense of morality. They are holding on to labels and judgments; holding on to black and white; holding on to a sense of fairness. It is not fair that those who work for their wealth should be called on to give it away to the poor. I agree with that. Life is not fair. And we are none of us alike.

We do not all start out life with the exact same foundation to build on. We do not possess intellectual and emotional equality, regardless of what the Declaration of Independence so bravely states. If those born and developed with advantages such as emotional stability and keen intelligence believe that men requesting welfare are their equals who simply haven't tried hard enough, they are terribly mistaken. The developing brain of a child born into a situation of financial poverty and stress actually creates more nerve endings to respond to chaos and fear. As an adult the brain's oversensitivity to stress causes chronic anxiety and many men use drugs or alcohol simply to calm their nerves and make life bearable. This doesn't happen with all men born into poverty or abusive homes, but it does happen to many.

There are many, many reasons why those who are wealthy become wealthy, and most of them are not simply hard work and dedication. They are abstract things like healthy emotional development, intellectual capacity, drive and motivation, a capacity for consistency. And anyway, just how expensive does a car need to be? How much gold jewelry is needed for happiness? How big does a mansion need to be for a family of four?

I'm all for being rewarded for work. Those who work hard and provide excellent products and services that keep our country and economy going should be paid richly for what they do. But I just keep coming back to Christian and his ratty little belt. I believe Christian is entitled. And at least with entitlement programs, he can afford the pants his belt barely holds up. So the rich pay a bit more in taxes. They let the cook take a day off on Wednesdays, or buy a less expensive model of Mercedes.

Because to me, the rich were also given a handout. Taxes pay for the handout life itself gave them from birth, or environment, or education, or nerve endings, or good genetics.

Capacity. It's a handout. And since most of our poor are paying the price of a lack of capacity, I do not see why the rich cannot pay the price for their own handout, no matter how much they argue their wealth came "all from their own hard work and effort."

I suppose I'll be accused of being a socialist. And pure socialism really doesn't work. But we are poised on the brink of experiencing what pure capitalism will work like in America, and it makes me want to stock up . . . on belts.

The opinions expressed in this commentary are solely those of Melissa Hempe.
Tell us what you think, leave a comment below:

Saturday, July 30, 2011

Weekly Address: Compromise on Behalf of the American People

Weekly Address: Compromise on Behalf of the American People
In this week’s address, President Obama urged both Republicans and Democrats to take action to avoid defaulting for the first time in our nation’s history. While the two parties are not far apart in their goals, they must resolve their differences quickly so that the United States can continue paying its Social Security checks, veterans’ benefits, and contracts with thousands of American businesses. The time has come to stop endangering the Triple A bond rating of the United States, put aside partisan politics, and behave responsibly to ensure a balanced approach to reducing our nation’s deficit.

Today, I’d like to speak with you about the ongoing and urgent efforts to avoid a first-ever default and get our fiscal house in order.

Republicans in the House of Representatives just spent precious days trying to pass a plan that a majority of Republicans and Democrats in the Senate had already said they wouldn’t vote for. It’s a plan that wouldn’t solve our fiscal problems, but would force us to re-live this crisis in just a few short months. It would hold our economy captive to Washington politics once again. If anything, the past few weeks have demonstrated that’s unacceptable.

Any solution to avoid default must be bipartisan. It must have the support of both parties that were sent here to represent the American people – not just one faction of one party. There are multiple ways to resolve this problem. Congress must find common ground on a plan that can get support from both parties in the House. And it’s got to be a plan that I can sign by Tuesday.

Look, the parties are not that far apart here. We’re in rough agreement on how much spending we need to cut to reduce our deficit. We agree on a process to tackle tax reform and entitlement reform. There are plenty of ways out of this mess. But there is very little time.

We need to reach a compromise by Tuesday so that our country will have the ability to pay its bills on time – bills like Social Security checks, veterans’ benefits, and contracts we’ve signed with thousands of American businesses. If we don’t, for the first time ever, we could lose our country’s Triple A credit rating. Not because we didn’t have the capacity to pay our bills – we do – but because we didn’t have a Triple A political system to match it. And make no mistake – for those who reflexively oppose tax increases on anyone, a lower credit rating would be a tax increase on everyone – we’d pay higher interest rates on mortgages, car loans, and credit cards.

That would be inexcusable, and entirely self-inflicted by Washington. The power to solve this is in our hands. All that’s needed is a simple vote that Democrats and Republicans have taken for decades, including all of the leaders in Congress today. It was done 18 times under President Reagan. 7 times under George W. Bush. And it must be done again now. It’s not a vote that allows Congress to spend more money. Raising the debt ceiling simply gives our country the ability to pay the bills Congress has already racked up. It gives the United States of America the ability to keep its word. And it will let businesses and our economy breathe a sigh of relief.

On Monday night, I asked you to make your voice heard in this debate. And the response was overwhelming. One of the emails we received was from a woman named Kelly Smith, who wanted to send this message to Washington:

“I keep my home clean, work hard at a full time job, give my parents any monies I can so they can afford their medications, I pay my bills and by all appearances I am a responsible person. All I’m asking is that you be responsible. I have my house in order and all I’m asking is that you get yours the same way.”

Here in Washington, we need to get our house in order. And I have to say, Democrats in Congress and some Senate Republicans have been listening and have shown themselves willing to make compromises to solve this crisis. Now all of us – including Republicans in the House of Representatives – need to demonstrate the same kind of responsibility that the American people show every day. The time for putting party first is over. The time for compromise on behalf of the American people is now. Thank you.

Friday, July 29, 2011

President Obama Calls on the American People to Make their Voices Heard

President Obama Calls on the American People to Make their Voices Heard

This morning, President Obama spoke on the status of the debt ceiling negotiations from the Diplomatic Reception Room at the White House. The President urged Republicans and Democrats in Congress to find a bipartisan solution to avoid default that he can sign by Tuesday.
Now, on Monday night, I asked the American people to make their voice heard in this debate, and the response was overwhelming.  So please, to all the American people, keep it up.  If you want to see a bipartisan compromise -– a bill that can pass both houses of Congress and that I can sign -- let your members of Congress know.  Make a phone call.  Send an email.  Tweet.  Keep the pressure on Washington, and we can get past this.

And for my part, our administration will be continuing to work with Democrats and Republicans all weekend long until we find a solution. The time for putting party first is over. The time for compromise on behalf of the American people is now. And I am confident that we can solve this problem. I’m confident that we will solve this problem. For all the intrigue and all the drama that’s taking place on Capitol Hill right now, I’m confident that common sense and cooler heads will prevail.

But as I said earlier, we are now running out of time. It’s important for everybody to step up and show the leadership that the American people expect.
Read the Transcript  

Thursday, July 28, 2011

Updates on Boehner's Failed Debt Plan

Updates on Boehner's Failed Debt Plan
John Boehner is a pathetic! Simply put, he couldn't get his own Republican colleagues to agree to his debt plan. GOP is deeply divided. There's the established branch of Republicans, likes of John McCain and Mitt Ronmey. And there's the branch of tea-baggers. That branch won't support Boehner's plan, saying that it doesn't have enough deep cuts, namely doesn't cut the much needed entitlement programs. Meanwhile, President Obama is out of spotlight dealing with his own stuff in the White House, which is the smart thing to do, because he doesn't want to get involved with this Republican madness. Nevertheless, here are the updates we received on Boehner's failed plan:

update (5:00 PM): Boehnerto delay vote on deb ceiling in the House because there's lack of Republican support! In other words, his own colleagues ( tea baggers ) won't support his approach. If Behonor fails to pass his own piece legislature through a Republican House, it could be a huge embarrassment for himself and the Republican leadership!

update II( 10:34 PM): Boehner's debt bill still hasn't hit the House floor yet because, as reported earlier, there's lack of support among Republicans! Looks like the House won't debate on this tonight, thus postponing this to tomorrow. We are surely running out of time, folks! More as we get it, stay turned.

Update III ( 10:38 PM): Ron Paul is among Republicans who won't support the Speaker Boehner's debt plan. Also, it's just reported NO House Democrat will support this plan!

update IV ( 10:40 PM): No debt vote tonight in the House! Boehner has to add some legislative changes to his plan to get the Republicans to vote on it, so a vote is taking place tomorrow.

Boehner's debt plan won't pass in Senate

Boehner's debt plan won't pass in Senate
Speaker John Boehner's plan to raise the nation's debt ceiling will be voted on TODAY, around 6PM EST. This is a cuts-only plan, not the balanced approach that neither President Obama or the American people want. Thus, a group of brave Democratic senators have clearly declared that they would defeat the plan. The Democrats are finally stepping up to the plate to save the middle class.

This version of Boehner's plan comes after his initial plan was dismissed by his own Republican colleagues after CBO pointed out that it would only cut a billion in the year of 2012. So he went back the drawing board and crafted this plan - which heavily favors the rich, as always.

A CNN/ORC International Poll reveals a growing public exasperation and demand for compromise. Sixty-four percent of respondents to a July 18-20 survey preferred a deal with a mix of spending cuts and tax increases. Only 34% preferred a debt reduction plan based solely on spending reductions.

Senate Majority Leader Harry Reid, D-Nevada, declared that the Senate is prepared to immediately vote on -- and defeat -- the speaker's plan Thursday night, assuming the House approves it.

"There are things that either side cannot get," Reid said Thursday morning, adding that Republicans need to "accept that and move on." Sen. Chuck Schumer, D-New York, called Boehner's proposal "a futile gesture."

Wednesday, July 27, 2011

Who Created Debt Problem - Obama or Bush?

Who Created Debt Problem - Obama or Bush?
Republicans say all the time it's because of President Barack Obama's spending, we are in this mess. Well, in reality that's not the case. The fact are, the Bush Taxcuts, enacted in 2001, added $1.7 trillion to the debt, along with $1.3 trillion he spent in Iraq and Afghanistan since 9/11. Also an addition $369 billion since the Medicare Prescription Drug Plan of 2003. In total, these spendings account for $3.369 trillion. These just highlights along with many other spending and government waste that took place under the Bush Administration.

All the above highlighted spendings were voted/approved by the current Republican leadership in congress. John Boehner and Eric Cantor voted for all of those - the same people who pretend to care for the debt ceiling issue we are facing today.

$3.369 trillion is how much Boehner and Cantor spent, yet they are refusing to raise the debt ceiling! Unbelievable.

In 2010, when President Obama agreed with the Republicans to extend Bush taxcuts for two more years, it cost over $870 billion. Wouldn't the Republicans have agree to it had they care for the debt ceiling? Only thing the Republicans care about is giving taxcuts to the rich, regardless of the amount that gets added to the national debt ceiling.

Remember these points when you're voting next time, either you're a Republican or Democrat. Share this with your friends and family on Facebook and Twitter.

Tuesday, July 26, 2011

Donald Trump's Crazy Talk on Obama, Debt Ceiling

Donald Trump's Crazy Talk on Obama, Debt Ceiling
Photo courtesy of

The Donald is back on Fox News, with his usual crazy, eye-popping rhetoric. On Monday, Trump said the Republicans should let USA default because then American's will blame President Obama for it, and that come election day, "[Americans] not going to remember any of the Republicans' names. They are going to remember in history books one name, and that’s Obama."
Frankly the Republicans would be crazy unless they get 100 percent of the deal that they want right now to make any deal. If this happens, for instance if this stuff is going on prior to an election, he can’t get reelected. He possibly can’t get elected anyway. … The fact is, unless the Republicans get 100% of what they want, and that may include getting rid of Obamacare, which is a total disaster, then they should not make a deal other than a minor extension which would take you before the election which would ensure Obama doesn’t get elected, which would be a great thing.- Trump on Fox, Monday July 25th

Cantor: 'The debt limit vote sucks', and Pours Load of BS Into Other Republicans

Cantor: 'The debt limit vote sucks', and Pours Load of BS Into Other Republicans
We could not have found a better photo that reflects Cantor!
Eric Cantor said today in a behind closed door meeting with fellow Republicans that "the debt limit vote sucks," whatever that means. He said there's going be a bill to vote on, a one that include just cuts, tomorrow. He urged the rest of the Republicans to rally behind that plan, despite that fact that President Obama and the public clearly demand a more balanced approach - one that includes cuts and revenue increases.

Speaker John Boehner was also in the room. He was just as lame as Cantor. "It comes down to the people in this room. It comes down to the willingness to stand together. This is the path to victory for the American people,"said Boehner.

It seemed as thought the two Republican leaders were pouring a good load of BS into their colleagues minds, because yesterday President Obama clearly said the American people demand a balanced approach. Last night, Pres. Obama said "Most Americans, regardless of political party, don’t understand how we can ask a senior citizen to pay more for her Medicare before we ask a corporate jet owner or the oil companies to give up tax breaks that other companies don’t get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries?"

It's really unbelievable how these idiotic Republicans' brains work. Tell us what you think, share your comments below.

photo courtesy of -

Pres. Obama Calls For a Balanced Approach on Debt Ceiling

Last night President Obama and House Speaker John Boehner gave back to back addresses to the nation updates us on debt ceiling issue. President Obama said there are two plans: one of which is a balanced approach that cuts government spending, set modifications to social security and medicare so that people can continue to rely on them, and increase government revenue, that is increase taxes on the rich. This plan is largely opposed by the Republicans in the Congress because they support the second plan, which calls for just cutting government spending, no revenue increases at all. To compensate for no revenues, US government would have to cut DEEPER cuts - cuts that could potentially eliminates programs like Social Security! This is clearly not a balanced approach, yet the Republicans proudly standby it. In fact the public agrees with President Obama's balanced approach. As the debt ceiling debate drags on, a new CNN/ORC International Poll reveals a growing public exasperation and demand for compromise. Sixty-four percent of respondents to a July 18-20 survey preferred a deal with a mix of spending cuts and tax increases. Only 34% preferred a debt reduction plan based solely on spending reductions.
The debate right now isn’t about whether we need to make tough choices. Democrats and Republicans agree on the amount of deficit reduction we need. The debate is about how it should be done. Most Americans, regardless of political party, don’t understand how we can ask a senior citizen to pay more for her Medicare before we ask a corporate jet owner or the oil companies to give up tax breaks that other companies don’t get. How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don’t need and didn’t ask for?

Learn more at

Sunday, July 24, 2011

No Debt Deal, Pres. Obama Frustrated

Before the weekend it seemed as if there was going to be a final deal after all, but over the weekend, things dramatically changed in Washington. On Saturday House Speaker John Boehner walked out of negotiations with President Obama. There was also sings that Republicans are rooting for a short-term deal, once again. Boehner said Sunday his last offer remains on the table as pressure mounted to avert a looming government default.

"It may be pretty hard to put Humpty Dumpty back together again, but my last offer is still out there. I have never taken my last offer off the table," Boehner said on "Fox News Sunday."

Geithner told CNN's "State of the Union" on Sunday that the so-called grand bargain sought by Obama remains in play, but he also opened the door to a two-step process pushed by Republicans that would raise the debt ceiling with some spending cuts now, then bring broader structural and tax reforms next year.

"He needs Democrats for that to work, and Nancy Pelosi said that she will not vote for that approach. And it will not make its way through the Senate. So that's not a viable option. Now there's nothing wrong with doing this in stages, but what we can't do is leave the threat of default hanging over the American economy. That's like a tax on all Americans. It's deeply irresponsible. And you can't put that additional burden of uncertainty and fear on average working Americans, and on American businesses going forward,"Geithner said on Sunday.

Saturday, July 23, 2011

A Bipartisan Approach to Raising Debt Ceiling

In this week’s address, President Obama discussed the urgency of Democrats and Republicans coming together to take a balanced approach to cutting the deficit to strengthen our economy and leave for our children a more secure future.

Remarks of President Barack Obama
Weekly Address
Saturday, July 23, 2011
Washington, DC

For years, the government has spent more money than it takes in. The result is a lot of debt on our nation’s credit card – debt that unless we act will weaken our economy, cause higher interest rates for families, and force us to scale back things like education and Medicare.

Now, folks in Washington like to blame one another for this problem. But the truth is, neither party is blameless. And both parties have a responsibility to do something about it. Every day, families are figuring out how stretch their paychecks – struggling to cut what they can’t afford so they can pay for what’s really important. It’s time for Washington to do the same thing. But for that to happen, it means that Democrats and Republicans have to work together. It means we need to put aside our differences to do what’s right for the country. Everyone is going to have to be willing to compromise. Otherwise, we’ll never get anything done.

That’s why we need a balanced approach to cutting the deficit. We need an approach that goes after waste in the budget and gets rid of pet projects that cost billions of dollars. We need an approach that makes some serious cuts to worthy programs – cuts I wouldn’t make under normal circumstances. And we need an approach that asks everybody to do their part.

So that means, yes, we have to make serious budget cuts; but that it’s not right to ask middle class families to pay more for college before we ask the biggest corporations to pay their fair share of taxes. It means that before we stop funding clean energy, we should ask oil companies and corporate jet owners to give up the tax breaks that other companies don’t get. Before we cut medical research, we should ask hedge fund managers to stop paying taxes at a lower rate than their secretaries. Before we ask seniors to pay more for Medicare, we should ask the wealthiest taxpayers to give up tax breaks we simply cannot afford under these circumstances.

That’s the heart of this approach: serious cuts, balanced by some new revenues. And it’s been the position of every Democratic and Republican leader who has worked to reduce the deficit, from Bill Clinton to Ronald Reagan. In fact, earlier this week, one of the most conservative members of the Senate, Tom Coburn, announced his support for a balanced, bipartisan plan that shows promise. And then a funny thing happened. He received a round of applause – from a group of Republican and Democratic senators. That’s a rare event in Washington.

So there will be plenty of haggling over the details in the days ahead. But this debate boils down to a simple choice. We can come together for the good of the country and reach a compromise; we can strengthen our economy and leave for our children a more secure future. Or we can issue insults and demands and ultimatums at each another, withdraw to our partisan corners, and achieve nothing. Well, we know the right thing to do. And we know what the American people expect us to do.

Wednesday, July 20, 2011

Pres. Obama: Debt deal is done, almost

Pres. Obama said Today there's a almost-done deal, which has the support of Republican and Democrat senators, as well it's the support American people. The plan of course includes "modifications" to medicare, medicaid and social security. Tomorrow, President informed, Harry Reid, Nancy Pelosi, Mitch McConnell, and Speaker Boehner will hammer out a final deal - if that's ever possible.

"Some progress was made in some of the discussions, some narrowing of the issues. Speaker Boehner and the Republican House caucus felt it necessary to put forward the plan that they're going to be voting on today. I think everyone's estimation is, is that that is not an approach that could pass both chambers, it's not an approach that I would sign and it's not balanced. But I understand the need for them to test that proposition," said President Obama yesterday

"We have a Democratic president and administration that is prepared to sign a tough package that includes both spending cuts (and) modifications to Social Security, Medicaid and Medicare that would strengthen those systems and allow them to move forward, and would include a revenue component," Obama added today.

President Barack Obama delivers a statement in the James S. Brady Press Briefing Room on the status of efforts to find a balanced approach to deficit reduction, July 19, 2011.

Tuesday, July 19, 2011

Obama dismisses GOP debt measure

President Barack Obama offered strong praise Tuesday for a deficit reduction plan put together by a bipartisan group of senators, calling the measure's mix of tax changes and spending reductions "broadly consistent" with his own approach to the current debt ceiling crisis.

Democrats and Republicans agree that getting our fiscal house in order is one of the critical challenges facing America. To address it we are going to have to make tough choices, bringing to the table a commitment to examine every area of the budget and every loophole in the tax code without presumptively taking any of the options off the table. But it is critical that we not bring down our deficits and debt at the expense of economic growth, innovation and job creation, or place the greatest burden on older Americans and the most vulnerable. That is precisely what the House’s Cut, Cap and Balance plan would do – a proposal that White House Press Secretary Jay Carney described as “duck, dodge and dismantle.”

The House plan fails to achieve a balanced plan to reduce the deficit, which is precisely the approach that has worked successfully in America in the past and has recently been recommended by a number of different fiscal commissions.

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Sunday, July 17, 2011

Pres. Barack Obama and First Family Watch Soccer World Cup Final

President Barack Obama, First Lady Michelle Obama, and their daughters Sasha and Malia watch the World Cup soccer game between the U.S. and Japan, from the Treaty Room office in the residence of the White House, Sunday, July 17, 2011.

How Tough to Beat Obama in 2012: Very Tough

Written by George Adams, a grassroots activist in Ohio for Obama'12 Re-election Campaign
Well, the unemployment and economic growth may suggest otherwise. In fact, today Goldman Sachs issues a report stating that they expect the economic growth in 2011 and 2012 be less than expected, and also unemployment rate would be no better than 8.75% at the end of 2012. For Obama, this is no way to get re-elected in 2012. But he has to send a direct message to the American people that he's the one who's doing the most to recover from such economic calamity - because he is. Consider the debt debate we've been having for the past couple of weeks. The Republicans refuse to put revenues ( i.e. no taxes ) on the table. Though they claim they are the Part of Reagan, the fact of the matter is, Reagan raised taxes 11 times of 17 debt raises - as a way to bring in more revenue.

But if you look at how much Obama's re-election campaign and the Democratic Nation Party have raised, $86 million to be exact, which is more than all Republican candidates haul combined, it's going to be very hard to defeat Pres. Obama in 2012. Mitt Romney, who leads the Republican hopefuls in terms of fund raises, hauled in a load of $18 million. This shows that there's is great dissatisfaction among the Republican voters.
"It's going to be a close election, I think it's going to be a hard-fought election. I think we're still in tough economic times. The president has made some courageous decisions. They're starting to pay off. We're starting to see results, but we are not there yet.

And I think that is going to make it a very tough election. But I'm absolutely confident that when you look at the grassroots support the president has, rallying the base, and then you look at where he is in the political dialogue versus the extreme positions the Republicans are taking, he's going to energize the base, capture the middle, and win re-election." - RON KLAIN, FORMER CHIEF OF STAFF TO VICE PRESIDENT BIDEN

The opinions expressed in this commentary are solely those of George Adams

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Saturday, July 16, 2011

Pres. Obama Discusses Debt Ceiling Fiscal Responsibility

Pres. Obama Discusses Debt Ceiling Fiscal Responsibility
Weekly Address - July 16, 2011
In this week’s address, President Obama called on both parties to work together to find a balanced approach to solving our nation’s deficit problem. The President emphasized the importance of compromise and shared sacrifice so that we can overcome our fiscal challenges and move our country forward. To get our fiscal house in order, we must cut spending, but we must also close tax loopholes for special interests and ask the wealthiest Americans to pay their fair share. Through cooperation and a bipartisan approach, we can get our economy on firmer ground and give our businesses the confidence they need to create more jobs across the United States.

Some highlights:
For a decade, America has been spending more money than we’ve taken in. For several decades, our debt has been rising. And let’s be honest – neither party in this town is blameless. Both have talked this problem to death without doing enough about it. That’s what drives people nuts about Washington. Too often, it’s a place more concerned with playing politics and serving special interests than resolving real problems or focusing on what you’re facing in your own lives.
The truth is, you can’t solve our deficit without cutting spending. But you also can’t solve it without asking the wealthiest Americans to pay their fair share – or without taking on loopholes that give special interests and big corporations tax breaks that middle-class Americans don’t get.

Read the whole transcript at

Friday, July 15, 2011

Bill Maher Talks Obama, Bachmann and Palin in 2012 Showdown

The great Bill MAHER was interviewed by CNN's Piers Morgan couple of days ago. He was asked wide grange of interesting political questions, from President Obama to 2012 general election. Here are some highlights:
When asked if Palin could become President: Absolutely. Absolutely. Yes. People who say this one is a joke or this one is a joke. I remember when I was 12 years old in 1968 and Ronald Reagan was first considering running for president.

And I remember what a joke that was. Ronald Reagan? You mean the bedtime for Bonzo guy? But I think he did become president. Yes, absolutely. Because if she could get the nomination, and anything can happen with -- I mean this Republican Party is not your father's Republican Party.

Somewhere along the line they got on a short bus to crazy town and if someone gets the nomination of one of the two major parties, especially in a bad economy, with a black president, yes, she could become president.
A choice between Palin and Bachmann: I guess Bachmann, I don't know. Who could say? Because at least she's somebody who can read. You know she has a job. She was a lawyer. She's in Congress. She's not someone who just sits there and reads the prayers on her BlackBerry like Sarah Palin. I mean, you know, we're splitting hairs here.
On President Barack Obama's presidency: He's just terribly disappointing as a negotiator and as a liberal. You know it makes me laugh when they say he's a socialist. He's not even a liberal. He's a centrist at best. He's constantly voicing the Republican opinion.

Paul Krugman had a column about this the other day. He said why is Obama carrying water for the Republicans Party? Why if they're having this giant discussion about the debt and the deficit, why is Obama saying the stupid things that they say? We have to treat our government like a family does. Well, that's stupid. You don't treat -- a family doesn't run up a deficit whereas we know a certain deficit is good for a government.

The silliness canard about how we're -- we have to like be super kind to the rich because they're the job creators which is BS also. And that sometimes you have to, even when you have a debt, spend more money so -- to get the economy going again.

Thursday, July 14, 2011

Obama vs Cantor & Republicans at Debt Negotiations, Tensions Run High

It was reported by CNN Politics last night that President Barack Obama got angry because the Republicans, Cantor, House Speaker John Boehner and others, agreed to a short-term debt limit plan. President Obama had said clearly in his press conference before that he would veto such a plan. As a result of Republicans changing their position, last night the debt negotiations came to an abrupt end.

A fourth straight day of talks intended to head off a possible government default ended on a tense note Wednesday, with House Majority Leader Eric Cantor saying President Barack Obama cut him off by saying "I'll see you tomorrow" before walking out.

"And he said to me, 'Eric, don't call my bluff.' He said 'I'm going to the American people with this,' " Cantor quoted Obama as saying.

"I was somewhat taken aback," Cantor said. When he continued to press the issue, Cantor said, Obama "shoved back from the table, said 'I'll see you tomorrow' and walked out."

A Democratic source familiar with the talks said on condition of not being identified that Obama cut off Cantor at the end when the Virginia Republican questioned the president for a third time on his opposition to a short-term extension of the federal debt ceiling.

Another Democratic source, also speaking on condition of anonymity, described the tone of the meeting as tense but constructive and said that at one point, Cantor was challenged on what the source called "talking out of both sides of his mouth."

Here are couple of videos outlining how things carried out during the debt negotiations inside the room:


Wednesday, July 13, 2011

What Pres. Obama Said At the Debt Negotiations

As you may know, tensions ran high today during the debt negotiations among President Barack Obama, the Republicans and Democrats. Of course it was a closed-door meeting, but some reliable sources came out expressing that President Obama lost his temper, and walked out of debates because the Republicans repeatedly pushed him for a short term deal - one which President Obama had clearly said he would veto.

We've got some interesting quotes that would help you picture the tense drama that unfolded this afternoon at the White House:
Eric, don't call my bluff. I'm going to the American people on this. This process is confirming what the American people think is the worst about Washington: that everyone is more interested in posturing, political positioning, and protecting their base, than in resolving real problems. - Pres. Obama said, according to both Cantor and another attendee
Talk about arbitrary. I am totally willing to do the hard stuff to get well above what you need and you won't do it because you can't put one penny of revenue on the table. At least Mitch McConnell, to his credit, was willing to work for a solution. 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. - Pres. Obama acknowledging the proposal by the Senate Minority Leader

Obama Reelection Campaign Record-Breaking Donations

President Barack Obama raised more than $86 million for his 2012 re-election campaign in the second quarter of this year, the campaign announced in a video e-mailed to supporters Wednesday.

The figure represents money raised both by the Obama campaign itself and the Democratic National Committee, and comes from 552,462 individuals, campaign manager Jim Messina said.

The contributions reflect "more grass roots support at this point in the process than any campaign in political history," Messina said, calling it a "monumental achievement." He said 98% of the donations were for $250 or less.

"You own this campaign, so you deserve to get this news first," Messina wrote. "And thanks to you and other supporters all over the country, there’s a lot of good news to share." - Campaign Manager Jim Messina

Saturday, July 9, 2011

President Obama called on both parties to come together on debt ceiling

In this week’s address, President Barack Obama called on both parties to come together during this unique moment to find a significant, balanced approach to deficit reduction that lets us live within our means without hurting investments our economy needs to grow and create jobs. The President Obama believes the American people deserve to have their leaders work in a bipartisan way to find common ground to tackle our fiscal challenges so we can be in a stronger position to focus on new job-creation measures to get the American people back to work.

Remarks of President Barack Obama:

Earlier this week, we did something that’s never been done here at the White House – we had a Twitter Town Hall. I even sent my first live tweet as President. The questions at the town hall were sent in from across the country and covered all kinds of topics – from jobs and the economy to education and energy.

Lots of people also submitted different versions of another question. They’d start by saying that our politics has grown so contentious. Then they’d ask, When will both parties in Congress come together on behalf of the people who elected them?

That’s a really important question, and it goes to the heart of a debate we’re having right now in this country – and that’s the debate about how to tackle the problem of our deficits and our debt.

Now, there are obviously real differences in approach. I believe we need a balanced approach. That means taking on spending in our domestic programs and our defense programs. It means addressing the challenges in programs like Medicare so we can strengthen those programs and protect them for future generations. And it means taking on spending in the tax code – spending on tax breaks and deductions for the wealthiest Americans.

But I also know that Republicans and Democrats don’t see eye to eye on a number of issues. And so, we’re going to continue working over the weekend to bridge those gaps.
The good news is, we agree on some of the big things. We agree that after a decade of racking up deficits and debt, we finally need to get our fiscal house in order. We agree that to do that, both sides are going to have to step outside their comfort zones and make some political sacrifices. And we agree that we simply cannot afford to default on our national obligations for the first time in our history; that we need to uphold the full faith and credit of the United States of America

With a recovery that’s still fragile and isn’t producing all the jobs we need, the last thing we can afford is the usual partisan game-playing in Washington. By getting our fiscal house in order, Congress will be in a stronger position to focus on some of the job-creating measures I’ve already proposed – like putting people to work rebuilding America’s infrastructure, or reforming our patent system so that our innovators and entrepreneurs have a greater incentive to generate new products, or making college more affordable for families. And businesses that may be holding back because of the uncertainty surrounding the possibility of a default by the U.S. government will have greater confidence to invest and create jobs.

I know we can do this. We can meet our fiscal challenge. That’s what the American people sent us here to do. They didn’t send us here to kick our problems down the road. That’s exactly what they don’t like about Washington. They sent us here to work together. They sent us here to get things done.

Right now, we have an extraordinary – and extraordinarily rare – opportunity to move forward in a way that makes sure our government lives within its means, that puts our economy on a sounder footing for the future, and that still invests in the things we need to prosper in the years to come. And I’m hopeful that we will rise to the moment, and seize this opportunity, on behalf of all Americans, and the future we hold in common. Thanks everyone, and have a great weekend.

Friday, July 8, 2011

President Barack Obama’s Remarks on June Unemployment Report

With only 18000 jobs added in the last month, the official unemployment rate increased to 9.2%. Bad news for most of us, and especially those who are still looking for jobs, and also for business that looking forward to invest in the private sector. President Obama addressed the issue today at the White House:
Good morning, everybody. Obviously, over the last couple of days, the debate here in Washington has been dominated by issues of debt limit, but what matters most to Americans, and what matters most to me as President, in the wake of the worst downturn in our lifetimes, is getting our economy on a sounder footing more broadly so the American people can have the security they deserve.

And that means getting back to a place where businesses consistently grow and are hiring, where new jobs and new opportunity are within reach, where middle-class families once again know the security and peace of mind they’ve felt slipping away for years now. And today’s job report confirms what most Americans already know: We still have a long way to go and a lot of work to do to give people the security and opportunity that they deserve.

We’ve added more than 2 million new private sector jobs over the past 16 months, but the recession cost us more than 8 million. And that means that we still have a big hole to fill. Each new job that was created last month is good news for the people who are back at work, and for the families that they take care of, and for the communities that they’re a part of. But our economy as a whole just isn’t producing nearly enough jobs for everybody who’s looking.

We’ve always known that we’d have ups and downs on our way back from this recession. And over the past few months, the economy has experienced some tough headwinds — from natural disasters, to spikes in gas prices, to state and local budget cuts that have cost tens of thousands of cops and firefighters and teachers their jobs. The problems in Greece and in Europe, along with uncertainty over whether the debt limit here in the United States will be raised, have also made businesses hesitant to invest more aggressively.

The economic challenges that we face weren’t created overnight, and they’re not going to be solved overnight. But the American people expect us to act on every single good idea that’s out there. I read letter after letter from folks hit hard by this economy. None of them ask for much. Some of them pour their guts out in these letters. And they want me to know that what they’re looking for is that we have done everything we can to make sure that they are rewarded when they’re living up to their responsibilities, when they’re doing right by their communities, when they’re playing by the rules. That’s what they’re looking for, and they feel like the rules have changed. They feel that leaders on Wall Street and in Washington –- and believe me, no party is exempt –- have let them down. And they wonder if their efforts will ever be reciprocated by their leaders.

They also make sure to point out how much pride and faith they have in this country; that as hard as things might be today, they are positive that things can get better. And I believe that we can make things better. How we respond is up to us. There are a few things that we can and should do, right now, to redouble our efforts on behalf of the American people.

Let me give you some examples. Right now, there are over a million construction workers out of work after the housing boom went bust, just as a lot of America needs rebuilding. We connect the two by investing in rebuilding our roads and our bridges and our railways and our infrastructure. And we could put back to work right now some of those construction workers that lost their jobs when the housing market went bust. Right now, we can give our entrepreneurs the chance to let their job-creating ideas move to market faster by streamlining our patent process. That’s pending before Congress right now. That should pass.

Today, Congress can advance trade agreements that will help businesses sell more American-made goods and services to Asia and South America, supporting thousands of jobs here at home. That could be done right now. Right now, there are a lot of middle-class families who sure could use the security of knowing that the tax cut that I signed in December to help boost the economy and put a thousand dollars in the pockets of American families, that that’s still going to be around next year. That’s a change that we could make right now.

There are bills and trade agreements before Congress right now that could get all these ideas moving. All of them have bipartisan support. All of them could pass immediately. And I urge Congress not to wait. The American people need us to do everything we can to help strengthen this economy and make sure that we are producing more jobs.

Also to put our economy on a stronger and sounder footing for the future, we’ve got to rein in our deficits and get the government to live within its means, while still making the investments that help put people to work right now and make us more competitive in the future. As I mentioned, we’ve had some good meetings. We had a good meeting here yesterday with leaders of both parties in Congress. And while real differences remain, we agreed to work through the weekend and meet back here on Sunday.

The sooner we get this done, the sooner that the markets know that the debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need in order to make additional investments to grow and hire and will provide more confidence to the rest of the world as well, so that they are committed to investing in America.

Now, the American people sent us here to do the right thing not for party, but for country. So we’re going to work together to get things done on their behalf. That’s the least that they should expect of us, not the most that they should expect of us. I’m ready to roll up my sleeves over the next several weeks and next several months. I know that people in both parties are ready to do that as well. And we will keep you updated on the progress that we’re making on these debt limit talks over the next several days. Thank you.

Wednesday, July 6, 2011

Obama Invites Congress to White House for Debt Ceiling Negotiations

President Obama said he wanted the meeting to "build on the work that's already been done and drive toward a final agreement" that would address expanding federal deficits and bring congressional approval for increasing how much money the government can borrow.
Most of us already agree that to truly solve our deficit problem, we need to find trillions in savings over the next decade, and significantly more in the decades that follow. That’s what the bipartisan fiscal commission said, that’s the amount that I put forward in the framework I announced a few months ago, and that’s around the same amount that Republicans have put forward in their own plans. And that’s the kind of substantial progress that we should be aiming for here.

To get there, I believe we need a balanced approach. We need to take on spending in domestic programs, in defense programs, in entitlement programs, and we need to take on spending in the tax code -- spending on certain tax breaks and deductions for the wealthiest of Americans. This will require both parties to get out of our comfort zones, and both parties to agree on real compromise.

I’m ready to do that. I believe there are enough people in each party that are willing to do that. What I know is that we need to come together over the next two weeks to reach a deal that reduces the deficit and upholds the full faith and credit of the United States government and the credit of the American people.

That’s why, even as we continue discussions today and tomorrow, I’ve asked leaders of both parties and both houses of Congress to come here to the White House on Thursday so we can build on the work that’s already been done and drive towards a final agreement. It’s my hope that everybody is going to leave their ultimatums at the door, that we’ll all leave our political rhetoric at the door, and that we’re going to do what’s best for our economy and do what’s best for our people.

- President Obama, July 05, 2011

Tuesday, July 5, 2011

Obama 2012 Re-election Campaign Got a BIG Endorsement

A year earlier than usual, the nation's largest teachers union on Monday endorsed President Barack Obama for re-election in 2012.

Obama "shares our vision for a stronger America," NEA President Dennis Van Roekel said in a statement issued by the group. "He has never wavered from talking about the importance of education or his dedication to a vibrant middle class."

The National Education Association statement said the organization usually waits until the summer of an election year to endorse a candidate. This year, it did so earlier than normal "in order to provide early and strong support to help ensure the election of a candidate who is on the side of students and working families."

Vice President Joe Biden addressed the meeting on Sunday and pledged continued support for public education.

Biden cited anti-union efforts by Republican governors in Wisconsin and other states who blamed benefits for school teachers as a cause of their budget deficits.

"We should working with you, not against you," Biden said to applause. "We should be listening to you, not lecturing to you. We should be embracing you, not pushing you aside. You are not the problem."


Saturday, July 2, 2011

Pres. Barack Obama on Cutting the Deficit and Creating Jobs

In this week’s address, President Obama spoke to the American people about reducing the nation’s deficit and creating jobs across the country. The President emphasized the need for Government to live within its means— just as families do—in order to put the nation on a fiscally sustainable path which is critical to long-term economic growth and job creation. To solve the deficit problem, Democrats and Republicans must make tough choices and look at every tax loophole and program for opportunities to save money. President Obama stressed the importance of trimming the budget while also making critical investments in education, research, and technology to spur job growth and invest in our future. As families and friends join together to celebrate Independence Day, the President reminded Americans that since our founding, we have overcome challenges by coming together to solve our nation’s problems.

The good news is, Democrats and Republicans agree on the need to solve the problem. And over the last few weeks, the Vice President and I have gotten both parties to identify more than $1 trillion in spending cuts. That’s trillion with a ‘t.’ But after a decade in which Washington ran up the country’s credit card, we’ve got to find more savings to get out of the red. That means looking at every program and tax break in the budget – every single one – to find places to cut waste and save money. It means we’ll have to make tough decisions and scale back worthy programs. And nothing can be off limits, including spending in the tax code, particularly the loopholes that benefit very few individuals and corporations.

Now, it would be nice if we could keep every tax break, but we can’t afford them. Because if we choose to keep those tax breaks for millionaires and billionaires, or for hedge fund managers and corporate jet owners, or for oil and gas companies pulling in huge profits without our help – then we’ll have to make even deeper cuts somewhere else. We’ve got to say to a student, ‘You don’t get a college scholarship.’ We have to say to a medical researcher, ‘You can’t do that cancer research.’ We might have to tell seniors, ‘You have to pay more for Medicare.’

Friday, July 1, 2011

Obama Campaign Raises Big Money, While Pawlenty Struggles

The official Twitter account for the Obama 2012 campaign tweeted a thank you to contributors shortly after 12 a.m. saying, “As of midnight, we’re closing the books on the first chapter of this campaign-with 493,697 donors. Thank you.”

On Obama's 2012 campaign website, it reads "It's midnight here in Chicago, and we're closing the books on the first chapter of this campaign with 493,697 donors. It's not just an amazing show of support for the President—it's a testament to the continued strength of this movement. Thank you."

The second quarter of presidential campaign fundraising closed at midnight on June 30.

Meanwhile, the Pawlenty's presidential campaign has only raised $4.2 Million! In fact, Ron Paul raised 4.5 Million in the first quarter. "It raises more questions about [Pawlenty's] validity to stay in the long haul and win out. If he can prove himself to be a more viable candidate then he can get more money," said O'Connell, a Republican consultant.
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