two minutes after the president features finishes what s expected to be about a 15-minute speech to the nation, two minutes after that, we ll hear a separate speech from the house speaker boehner. he s up on capitol hill. he ll make his case why the president right now is wrong. why the republicans are right. both of them presumably will say the stakes for the united states are enormous right now and the country must do everything possible. everything possible to avoid default. they ve been negotiating publicly and privately now for weeks and weeks and weeks. and unfortunately, for the country and indeed, for much of the world, unfortunately, the negotiations collapsed over the past few days. still possible, they might be able to work out a deal. the stakes are enormous and you see the president walking up to the microphone. let s listen. good evening. the debate that directly affects the lives of all americans. for the last decade, we spent more money than we take in. an
and i am sorry about the delay. let me ask you quickly, if you don t cut social security medicare or medicaid, and you figure out a way to get $2.5 trillion in cuts elsewhere, well that s kind of troubling, because that sounds like it s coming from discretionary spending? what is wrong with doing something responsible in entitlemen entitlements? i think we ought to do something in entitlements. we ought to create a commission to study all three of the entitlements, medicare, and medicaid, and i thought the president had a commission. doesn t the president have a commission? no. that commission was to study deficit and debt. if you are talking about the
officials say it raises the debt ceiling but there would be no tax increases. reid says he hopes john boehner will abandon his my way or the highway approach and help with a bipartisan compromise. speaking on fox news sunday, the house speaker laid out his latest solution. there is going to be a two-stage process. it s not physically possible to do all of this in one step. i know the president s worried about his next election, but, my god, shouldn t we be worried about the junt we ve got a budget deficit of $1.5 trillion. we re borrowing 42 cents on every dollar we spend. we have a $14.5 trillion national debt. it is time to get serious about stopping the spending here in washington, d.c. i don t think that s happened. i really don t. yeah. this is the plan. again do that, if you don t fund-raiser s pass, but don t say that the president s concern talking tab last week, harry reid saying snippy
i also believe that when you are in the minority, you don t have the hope in the presidency, but you have less ability to communicate broadly to the next generation, but i think that will as we heat up for 2012. is it staggering looking at carter, and then reagan in 81 82. i was 18. i was 18 in 1980. god, everybody, when i went to college, and all of my young friends said, wait, this is easy. you had indecision of jimmy carter in the hostage crisis, verses ronald reagan. there was not a clean break, but i think people thought that s what we were going to get with barack obama. for whatever reason, it has not worked out that way. the book is called american
right now, and the reason we may get downgraded is because they don t have faith the political system of ours could deal in a serious way with the deficit. the president is intent on making sure, and all of the congressional leaders, senator mcconnell, and boehner, and read and nancy pelosi said the debt ceiling will be exstenedded but it must be extended that will give certainty to the economy. so john, let s we have obviously focused on the republicans, and the responsibility front. does president obama and this administration bear any responsibilities for a lack of interest in the talks? yeah, things changed after