POLITICO.COM : House Minority Whip Chris Van Hollen (D-Md.), appearing on CNN’s “State of the Union,” said the Biden talks identified only about $1 trillion in spending cuts. “Our Republicans colleagues are dreaming if they think we had $2.4 trillion in cuts,” said Van Hollen, a participant in the Biden talks.

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Obama eating the best Ham Sandwich ??

"Obama will push Congress to stay focused on negotiating a large deficit-reduction package". - Is Obama stealing the Deficit Reduction Flags of the Republican and Tea Party ??

This is a riddle and a mystery wrapped in an enigma ! - Obama is acting like a Centrist or Independent or someone that wants to conquer these people at the center of the Political Spectrum.

"Tim Geithner said the scale of the country’s deficit problems requires doing something “substantial” to bring down the debt over the long term, noting that the politics of a smaller package won’t be any easier".

Timothy Franz Geithner ( born 1961) is an American economist, central banker, and civil servant. He is the 75th and current United States Secretary of the Treasury, serving under President Barack Obama. He was previously the president of the Federal Reserve Bank of New York.

POLITICO.COM
Barack Obama will push for biggest deal possible
By CARRIE BUDOFF BROWN
July 10, 2011


Barack Obama will push for biggest deal possible


Some excerpts :

The administration had hoped that by acting more boldly and putting more options on the table, it would be easier for the two sides to come together on a package aimed at the reducing the deficit — and at stimulating the lagging economy.

“Small deals are very tough too because it requires very difficult reforms, savings, cuts and things people depend on that matter. Very hard to do a small deal too,” Geithner said on NBC. “We have to find a way to pass an agreement, but the president’s going to keep working towards the largest possible deal we can do because that’s the right thing for the country.”

Republicans want to work off the progress made during weeks of talks led by Vice President Joe Biden. The group identified deficit reduction in the range of $1.7 trillion to $2 trillion in savings. But that leaves a gap of $400 billion to $700 billion to be filled, and Democrats have argued strongly that revenue increases must be part of the mix.

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