Tuesday, December 20, 2011
Obama vs. Boehner
Boehner recently made public a letter urging Obama to order the Senate back from their holiday break to take part in further talks. The Democratic- controlled Senate rejected this idea and Obama agreed with them. The House ended up approving of a resolution supporting a yearlong extension of both the payroll tax cut and emergency federal unemployment benefits. About three measures have been approved that are set to expire December 31. These measures have slammed into a conservative roadblock in the House. No one knows how to stop the logjam. The Republicans are calling for a one-year payroll tax cut extension. Boehner has decided to ask Obama to appoint negotiators. If we don't act on this we might have a major economic and political fallout. Boehner is in favor of the Senate plan ( a two month long extension) and most rank and file members are against it. The Senate's two month measure would reduce the deficit by approximately $3 billion. The two month extension was agreed on as a fallback position.
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