Obama: Debt Ceiling Talks Fell Apart, Boehner Walked Out

Because Republican­s want big cuts to these programs and all social program spending, and Obama's proposal did that, in addition to wanting revenues raised.  

By the Republican Party's base (lets just call teabaggers what they are, shall we?) refusing to accept increasing revenues by ending Bush's tax cuts, it killed any deal to cut Social Security and Medicare benefits.
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