Boehner, in a letter circulated to the House Republican rank and file, said he had withdrawn from the talks with Obama because “in the end, we couldn’t connect. He said he would turn instead to negotiations with leaders of the Senate,which is controlled by majority Democrats.
The disconnect in the talks with the White House, Boehner said, was “not because of different personalities, but because of different visions for our country.”
The talks had veered uncertainly for weeks, generating reports as late as Thursday that the two sides were possibly closing in on an agreement to cut $3 trillion in spending and add as much as $1 trillion in possible revenue while increasing the government’s borrowing authority of $2.4 trillion.
Boehner’s statement HERE.
Boehner said the talks broke down because he and Obama had agreed to $800 billion in revenue (READ: TAX) increases (over 10 years), but Obama decided to ratchet that up to $1.2 trillion. On top of that, Obama was not serious about cutting spending. No surprise there.
Video here: http://www.cbsnews.com/video/watch/?id=7374233n
The Dems accuse Republicans of being the ‘party of no’, which we should take as a compliment. The Dems can never say no to raising taxes. And when the debt ceiling is raised, it will just give Obama that much more to spend.