Republicans laugh it up, feel like they're under enemy fire. This is all very interesting since it was actually Eric Cantor who walked right out of the Biden budget talks, which led to Obama's involvement. The Biden talks had 10 sessions and Obama is now on his fifth today.
Boehner says the only choice is to cut spending and not raise taxes, when economists say the only way to reduce the deficit is to cut spending (expenses) AND raise taxes (increase income).
Obama wants deal by Friday: