- Sridevi\'s \'English Vinglish\' mints $1 million in JapanAlia-Shahid start shooting for ShaandarB-Wood leggy divasSussane Khan brought Ganapati alone in her new homeShekhar Kapoor’s ‘Paani’ girl Ayesha Kapur is a hot girlWhy is Katrina praising ex boyfriend Salman so muchSadhana from a mystery girl to a clubberFive Bollywood sex Comedies
Novak Djokovic didn't let Philipp Kohlschreiber stand in the way of another Grand Slam qu
Obama urges Republicans to compromise on fiscal cliff Last Updated : 20 Dec 2012 11:04:50 AM IST Obama urges Republicans to compromise on fiscal cliff
US President Barack Obama has asked Republicans to move beyond partisan objections to compromise with him on averting the year-end fiscal cliff.
"If you just pull back from the immediate political battles, if you kind of peel off the partisan war paint, then
we should be able to get something done," Obama said.
Obama and congressional Republicans are struggling to come up with a deal to avoid year-end tax hikes and spending cuts that many economists say could plunge the economy back into recession.
The president made a fresh offer earlier this week that would raise taxes on those making USD 400,000 a year or more,but the House of Representatives could vote on a proposal by Speaker John Boehner that would extend current tax rates for all but those making USD 1 million or more.
Obama said he is still optimistic that a deal is possible, but said he is puzzled that Republicans have not yet accepted his plan as a basis for negotiation.
"Frankly up until about a couple of days ago, if you looked at it, the Republicans in the House and Speaker (John) Boehner were in a position to say, we've gotten a fair deal.The fact that they haven't taken it yet is puzzling," Obama told reporters yesterday at an impromptu White House news conference.
Obama said this could be because them co-operating with him could make them vulnerable in their election districts. "Cooperating with me may make them vulnerable. I recognise that," said US President in response to a question. Obama categorically asserted that he is not going to negotiate with the Republicans on debt limit or their attempt to use this as next pressure point.
"We have been very clear about this. This is the United States of America, the greatest country on Earth, the world's economic superpower. The idea that we lurch from crisis to crisis, and every six months, or every nine months, that we threaten not to pay our bills on stuff we've already bought,and default, and ruin the full faith and credit of the United States of America -- that's not how you run a great country,"he said.
"So I've put forward a very clear principle: I will not negotiate around the debt ceiling. We're not going to play the same game that we saw happen in 2011 -- which was hugely destructive; hurt our economy; provided more uncertainty to the business community than anything else that happened,"Obama said.
Obama said it is important to reduce deficit in a balanced and responsible way."In order to arrive at a compromise, I am prepared to do some very tough things -- some things that some Democrats don't want to see and probably there are a few Republicans who don't want to see either," he said.
"But the only way that we're going to be able to stabilise the economy, make sure we've got a platform for long-term economic growth, that we get our deficits under control and we make sure that middle-class families are protected is if we come up with something that members of both parties in Congress can support," said the US President.
Post Your Comment (0 posted):
Sonam Kapoor looks scorching hot in Vogue September issue 2014. Check out some pics from t
- Sridevi's 'English Vinglish' mints $1 million in Japan
- Alia-Shahid start shooting for Shaandar
- B-Wood leggy divas
- Sussane Khan brought Ganapati alone in her new home
- When public watched porn film instead of Desi Kattey songs
- Shekhar Kapoor’s ‘Paani’ girl Ayesha Kapur is a hot girl
- Why is Katrina praising ex boyfriend Salman so much
- Sadhana from a mystery girl to a clubber
Claudio Vieira de Oliveira was born with his neck folded back. Read about his inspirationa
With rumors of an imminent launch early next month, let's show you how the iPhone 6 will l