[Stardust]

WASHINGTON - House Speaker John Boehner abruptly broke off talks with President Barack Obama Friday night on a deal to make major cuts in federal spending and avert a threatened government default, sending already uncertain compromise efforts into instant crisis.

Within minutes, an obviously peeved Obama virtually ordered congressional leaders to the White House Saturday morning for fresh negotiations on raising the nation's debt limit. "We've got to get it done. It is not an option not to do it," he declared.

For the first time since talks began, he declined to offer assurances, when asked, that default would be avoided. Moments later, however, he said he was confident of that outcome.

At a rebuttal news conference of his own a short while later in the Capitol, Boehner said, "I want to be entirely clear, no one wants default on the full faith and credit of the United States government, and I'm convinced that we will not."

The two men offered sharply different accounts of the compromise efforts so far and who was at fault for the collapse.

"I've been left at the altar now a couple of times," Obama said wryly.

"It's the president who walked away from his agreement," Boehner contended.

The speaker said Obama wanted higher taxes and not enough spending cuts.

The president countered that he had offered an "extraordinarily fair deal" that totaled $2.6 trillion in spending cuts and $1.2 trillion in additional revenue.
http://news.cincinnati.com/article/20110...|FRONTPAGE

[real_change]

Why are democrats obsessed with raising taxes??

The CBO at the request of Obama, researched the budget and deficit, finding that the budget could be balanced quickly without ANY cuts, or ANY revenue increases, aka. tax hikes.

Yet, the 'evil rich' must be punished I guess. As well as, transfer of wealth to the 'unfortunate' and 'have nots'.

Nov 2012 can't come fast enough.