{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Obama and Boehner trade blows on debt crisis impasse' data-url='/boclips/videos/5c54bfe8d8eafeecae146bc0' data-video-url='/boclips/videos/5c54bfe8d8eafeecae146bc0' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nObama and Boehner trade blows on debt crisis impasse\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. US President Barack Obama walking to podium2. SOUNDBITE (English) Barack Obama, US President:\"Would you rather reduce deficits and interest rates by raising revenue from those that are not now paying their fair share? Or would you...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. US President Barack Obama walking to podium\u003cbr/\u003e2. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"Would you rather reduce deficits and interest rates by raising revenue from those that are not now paying their fair share? Or would you rather accept larger budget deficits, higher interest rates and higher unemployment? And I think I know your answer. Those words were spoken by Ronald Reagan but today many Republicans in the House refuse to consider this kind of balanced approach, an approach that was pursued not only by President Reagan but by the first President Bush, by President Clinton, by myself and by many Democrats and Republicans in the United States senate. So, we're left with a stalemate, now what makes today's stalemate so dangerous is that it has been tied to something known as the debt ceiling.\" \u003cbr/\u003e3. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"We would risk sparking a deep economic crisis, this one caused almost entirely by Washington. So defaulting on our obligations is a reckless and irresponsible outcome to this debate and Republican leaders say that they agree we must avoid default. But the new approach that Speaker Boehner unveiled today, which would temporarily extend the debt ceiling in exchange for spending cuts, would force us to once again to face the threat of default just six months from now. In other words it doesn't solve the problem.\" \u003cbr/\u003e4. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"The American people may have voted for a divided government but they didn't vote for a dysfunctional government. So I'm asking you all to make your voice heard. If you want a balanced approach to reducing the deficit let your member of congress know. If you believe we can solve this problem through compromise sent that message.\"\u003cbr/\u003e5. SOUNDBITE (English) Barack Obama, US President:\u003cbr/\u003e\"The entire world is watching so let's seize this moment to show why the United States of America is still the greatest nation on earth. Not just because we can still keep our word and meet our obligations, but because we can still come together as one nation. Thank you, God bless you and may God bless the United States of America.\"\u003cbr/\u003e6. Wide of House Speaker John Boehner at podium\u003cbr/\u003e7. SOUNDBITE: (English) John Boehner, US House Speaker, Republican, Ohio:\u003cbr/\u003e\"And the sad truth is that the president wanted a blank cheque six months ago and he wants a blank cheque today, this is just not going to happen. You see there is no stalemate here in Congress, the House passed a bill to raise the debt limit with bipartisan support and this week, while the Senate is struggling to pass a bill filled with phoney accounting and Washington gimmicks, we're going to pass another bill, one that was developed with the support of the bipartisan leadership of the US Senate. Obviously I expect that bill can and will pass the Senate and be sent to the president for his signature. And if the president signs it the crisis atmosphere that he has created will simply disappear. The debt limit will be raised, spending will be cut by more than one (t) trillion dollars and a serious bipartisan committee of the Congress will begin the hard but necessary work of dealing with the tough challenges our nation faces.\" \u003cbr/\u003e8. SOUNDBITE: (English) John Boehner, US House Speaker, Republican, Ohio:\u003cbr/\u003e\"The solution to this crisis is not complicated - if you're spending more money than your taking in you need to spend less of it. There is no symptom of big government more menacing than our debt, break its grip and we begin to liberate our economy and our future. We're up to the task and I hope President Obama will join us in this work. God bless you and your family and God bless the United States of America.\"\u003cbr/\u003eIn unprecedented back-to-back appearances on nationwide television, President Barack Obama and House Speaker John Boehner clashed on Monday night over the cause and cure for the nation's debt crisis. \u003cbr/\u003eThe two men spoke as Congress remained gridlocked on legislation to avert a threatened default after August 2.\u003cbr/\u003eDecrying a \"partisan three-ring circus\" in the nation's capital, Obama assailed a newly minted Republican plan to raise the nation's debt limit as an invitation to another crisis in six months' time. \u003cbr/\u003eHe said congressional leaders must produce a compromise that can reach his desk before the deadline.\u003cbr/\u003e\"The American people may have voted for divided government, but they didn't vote for a dysfunctional government,\" the president said in a hastily arranged prime-time speech. \u003cbr/\u003eHe appealed to the public to contact lawmakers and demand \"a balanced approach\" to reducing federal deficits, including tax increases for the wealthy as well as spending cuts.\u003cbr/\u003eResponding moments later from a room near the House chamber, Boehner said the \"crisis atmosphere\" was of the president's making.\u003cbr/\u003e\"The sad truth is that the president wanted a blank cheque six months ago, and he wants a blank cheque today. That is just not going to happen,\" the speaker said. \u003cbr/\u003eObama stepped to the microphones in the East Room of the White House a few hours after Republican lawmakers, then his own Democrats, drafted rival emergency legislation to head off a potentially devastating default.\u003cbr/\u003eThe back-to-back speeches did little to suggest that a compromise was in the offing, and the next steps appeared to be votes in the House and Senate on the rival plans by mid-week.\u003cbr/\u003eDespite warnings to the contrary, US financial markets have appeared to take the political manoeuvring in stride, so far. \u003cbr/\u003eWall Street posted losses Monday but with no indication of panic among investors.\u003cbr/\u003eWithout signed legislation by day's end on August 2, the Treasury will be unable to pay all its bills, possibly triggering an unprecedented default that officials warn could badly harm a national economy still struggling to recover from the worst recession in decades.\u003cbr/\u003eObama wants legislation that will raise the nation's debt limit by at least 2.4 (t) trillion US dollars in one vote, enough to avoid a recurrence of the acrimonious current struggle until after the 2012 elections.\u003cbr/\u003eRepublicans want a two-step process that would require a second vote in the midst of the 2012 campaign with control of the White House and both houses of Congress at stake.\u003cbr/\u003eMonday night's speeches were a remarkable turn in a six-month-old era of divided government as first the president, then his principal Republican opponents appealed to the nation in a politically defining struggle.\u003cbr/\u003eObama quoted Ronald Reagan, a hero to many conservatives, who also spoke of a balanced plan and stressed a need for compromise. \u003cbr/\u003eObama stopped well short of threatening a veto of the Republican-drafted legislation that he criticised.\u003cbr/\u003eBoehner's remarks seemed aimed at the general public and also at 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