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Obama to Congress: The Time For Immediate Action on Fiscal Cliff is Now

jerry2 Wrote: Dec 28, 2012 9:39 PM

This recession (and the continuing recession) is yours. The tax crisis is yours. The debt ceiling crisis is yours -- all because the Democrats will not pass a constitutionally mandated budget. We will not assist you in your continuing efforts to destroy America's economy. The first thing you should do is urge the Senate to pass our bill preserving the Bush tax cuts. Then, in the unlikely event that you actually want to negotiate anything, we will continue to try to reach a reasonable compromise. You have to stop dictating if you want us to sit down at the table with you.

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Obama to Congress: The Time For Immediate Action on Fiscal Cliff is Now

So how did the last-ditch fiscal cliff meeting go this afternoon? Not great. President Obama again put forth the scaled-back version of the proposal he pitched last week.

A source familiar with the meeting told CNBC that Obama was not making a new offer; just laying out what he thinks can pass the House and Senate. That includes keeping the tax cut for those making up to $250,000 and an extension of unemployment insurance for 2 million people. He will then ask the participants what they are willing to support, and if they don't have a counterproposal that...

Related Tags: Mitch McConnell Harry Reid Barack Obama Fiscal Cliff