Page 36 - August 2 News Today

So what happens now? president obama has to be thinking what president clinton rather forcibly put into words today. "he would invoke the constitutional option without hesitation and force the courts to stop me in order to prevent a default should congress and president fail to achieve agreement before the august 2 deadline." reported today at national memo. happy talk coming out of washington and gangs of senators all getting along with the president now is nice, its happy talk, but being reali...

The speaker then said this in a press conference. >> i believe that the congress must act before august 2. and i hope that were prepared to do that. ill keep my discussions with the president between the president and myself. it would be -- it would be irresponsible on behalf of the congress and the president not to be looking at backup strategies for how to solve this problem. >> still feeling he had to make it absolutely clear that he had not moved one inch in the presidents direction on taxes...

Country. >> republicans suggested tax savings should be used to other tax cut and not lower the deficit. some are reluctant to raise the debt ceiling. >> none of us want to raise the debt ceiling. up in of us think its a good idea to spend money we dont have. its a problem we have been doing it for so long. >> senator paul says the balanced budget would make him more comfortable with the debt ceiling hike but there is not enough time for that. one thing the white house says both sides agreed on ...

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That means there would be no default -- you get the default -- that gets off the table -- but the president would then be responsible for all spending decisions, spending cuts and spending increases. that puts that around his neck, so to speak and takes the political problem away from the republicans and puts it on the president. >> some conservatives are saying mitch mcconnells proposal is spineless because it kicks the can further down the road. >> reporter: its spineless, say the conservative...

Ininvestment that help put people to work right now. make us more competitive in the future. >> to reach the desired state before they exceed $14 trillion on or about august 2, the white house acquiesce in g.o.p. proposal to cut future benefit from social security and medicare. changes to entitlement programs that pelosi, democratic lawmakers told fox news privately warned the president this morning not to embrace. >> tension wires go up when you talk about making changes unless you can justify ...

>> reporter: walsh is angry that president obama said that social security checks may not go out. if there is not a debt limit deal by august 2. he says its not true. a message echoed by senate freshmen who sent a letter today to the president. >> i think the president should apologize for politicizing social security, for threatening not to send out checks. >> g.o.p. and senate freshmen may be the new kids on the block but they are not slinking violets. many were elected by vocal, passionate te...

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