President Obama to make statement on Fiscal Cliff at 5PM EST

[Javaman]

Source: nbcnews.com

No link yet.

Read more: Link to source

[rurallib]

1. hope he says SS & Medicare are off the table forever.

[Bukherst]

2. Spam deleted by hunter (MIR Team)

[peacebird]

3. Whats he saying?

[cal04]

5. They don't have anything on yet

I guess they're waiting for him

[cal04]

4. NBC news link

http://video.msnbc.msn.com/nbcnews.com/50273666/#50273666

[high density]

6. Here is the WH video without a minute of ads

http://www.whitehouse.gov/live/president-obama-makes-statement-fiscal-cliff

[cal04]

7. thank you for the link

[alp227]

9. CSPAN link!

To watch in widescreen click "turn on closed captioning" then to get rid of the captions click the "CC" icon once the screen switches to 16 . That's weird.

http://www.c-span.org/Live-Video/C-SPAN/

[cal04]

12. Thanks alp227

[DearAbby]

8. Well he should....

We were just shown last night....WE DON'T HAVE A FUNCTIONING GOVERNMENT.

[Neatlyp]

10. Spam deleted by petronius (MIR Team)

[alp227]

11. I think the president will speak as soon as Pelosi finishes.

I'm watching CSPAN right now, and the House Minority Leader is having her conference. (Oddly to watch CSPAN in widescreen rather than cropped 4:3 you need to click "turn on closed captioning" then you can use the CC icon button to toggle the CC.)

NYT reports:

President Obama is considering a “Plan B” of his own to avert a fiscal crisis in the New Year, a bill to extend expiring Bush-era tax rates on incomes below $250,000, with a measure to temporarily suspend automatic, across-the-board spending cuts and an extension of unemployment insurance benefits, Democratic officials said Friday.

[joshcryer]

13. "The validity of the public debt of the United States shall not be questioned."

If he does not invoke this then we are lost.

[dixiegrrrrl]

14. the plan is to careen from one crisis deadline to the next, looks like.

"The plan would do nothing to cut spending or put into motion changes to entitlement programs like Medicare,

nor would it head off showdowns early next year on raising the nation’s statutory borrowing limit

or keeping the government running when a stopgap spending law runs out in March.

But it would prevent a fiscal jolt in less than two weeks."

http://www.nytimes.com/interactive/us/politics/debt-reckoning.html#sha=d1bc2cc67

[joshcryer]

15. That's been the politics ever since we lost the House.

Nothing accomplished, constant threats to the nation. Republicans are terrorists.