Will U.S. get the money in time?

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Will U.S. get the money in time?

Conservators and liberals everywhere, have charged against lawmakers in order to prevent them from ceding any ground in the current deficit discussions. This will surely complete the latest attempt in getting a deal good enough to raise the debt ceiling.

President Obama and Vice President Biden have set a meeting today several lawmakers from both sides to attempt another compromise. These meetings have been going on just about each day since Sunday. Every discussion has failed and there the answer to the question of how to raise the 14.3 trillion debt ceiling, has yet to be found. Not to mention that late requests and new conditions that keep appearing day after day, certainly doesn’t make things easier.

President Obama offered to rise the age of the elderly that are entitled to Medicare, from 65 to 67, that moment all the liberal Democrats were like one in crying “foul”. Republican Raul Grijalva gave an interview to Fox News telling and stated that such a move would be a political and also a fiscal “error”.

A liberal group, the Progressive Change Campaign Committee actually turned to more aggressive tactics and lauched an email to all the supporters asking them to sign an online petition in which they agree to withdraw their support for the Obama campaign in 2012 if he goes ahead with the plan of cutting the funds allocated to Social Security or other entitlement programs such as Medicare and Medicaid.

House Democrat Nancy Pelosi stated that she continuously opposes to any cuts inflicted upon the entitlement programs and urges President Obama to cease treating Social Security and Medicare as “piggybanks” in order to protect the wealthy from taxes.

The pressure from the conservative spire was at least as strong. They urge the President to head for deeper spending cuts. The Club for Grouth actually was showing an ad which was supposed to provoke the Republicans. The ad “spoke” of a Balanced Budget Amendment, and that a boost to the debt limit can only be done with real spending cuts.

The frantic resistance shown on both sides that intervened in the budget talks has considerably affected the negotiations, making them harder than ever. President Obama stated that House Speaker John Boehner was making things a lot more difficult. The president also suggested that his own side will have to make some compromises as well.

He said that each side wants 100% of the deal to be done their way, and that is impossible, so if both parties keep it up in the same rhythm, this problem will never be solved in time.

Despite some scattered calls that came from the conservative wing regarding the cell debt raising, Boehner has emphasized the importance of doing that. the only objection Boehner and other leading republicans have, is related to the tax increase. So what will be the final outcome?

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