Skip to comments.Top 9 Lies in Obama’s Debt Ceiling Speech
Posted on 07/26/2011 9:25:10 AM PDT by kingattax
It seems like weve been talking about the debt ceiling for an awfully long time. Probably because we have been talking about the debt ceiling for an awfully long time. President Obama made a primetime appearance on Monday night to address the nation over this impending financial doom.
I disagree with the president on a lot of issues. Thats ok. But lying is not. There were so many mistruths coming out of our leaders mouth during that speech that Im throwing any shred of political correctness out the window and calling him out.
Ill be awaiting my invitation to the White House for a Wine Summit.
(Excerpt) Read more at thestir.cafemom.com ...
“Ill be awaiting my invitation to the White House for a Wine Summit”
These days POTUS is only interested in Whine Summits, so don’t hold your breath.
It does not matter. His base will never abandon him. But keep up the good work anyway.
At the time, Senator Obama was urging Congress not to tolerate an increase that would bring the debt ceiling to $9 trillion.
Under President Obama, the debt ceiling has been raised to $14.3 trillion. Even without counting most unfunded liabilities, the national debt is now calculated to be nearing $14.1 trillion.
It increases about $4.22 billion per day (each citizen's share stands at roughly $45K). Thus, Democrats will soon demand that the debt ceiling be raised, lest the sky fall. When they do, they will be asking for a significant boost in a ceiling that is already 60 percent higher than the one Barack Obama said was "a sign of leadership failure" five years ago.
Hairy Reid on raising the debt ceiling on 2006:
"If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy. How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it's fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. Thats what it will have to be. Why is it right to increase our nations dependence on foreign creditors?"
Obama skips debt commission meeting (Dec. 2010)
WASHINGTON (CNN) - President Obama did not attend a White House meeting Thursday with members of his own debt commission, irking some of the Democrats on the panel who were expecting a high-level push from the commander-in-chief to show that its comprehensive deficit reduction plan is being taken seriously by the White House. "He should have at least dropped by," one Democratic member of the debt commission told CNN, speaking on the condition of anonymity because he wanted to speak more freely about the panel's private meeting.
yeah, he cares.
Look, the boy-child wants “compromise?”
Then give him compromise! The freshman Republicans should begin demanding an actual CUT in spending back to 2000 spending levels (when we had...uh...er...a surplus (LOL))!
Then, let’s find a “common ground” from THAT starting point!
I believe it was in this speech where he referred to America as a “democracy”. Apparently, he thinks we’re a democracy when we’re actually a republic.
Yeah, but it’s a BALANCED APPROACH, leading to COMMON GROUND, on a BIPARTISAN basis.
Howzzat, all you “coveted” independent voters out there?
Kin I have another term? Pretty please?
Dave Ramsey put this entire debate into perspective with the following information. I am doing it from memory, so my numbers may be slightly off...
Average Family, if they spent like the feds:
Annual Income: $50,000
Annual Spending: $90,000 - 180% of annual income
Existing CC bill: $330,000
Now, if this same family wanted to increase their income (raise revenues) and they patterned that after the same numbers that the dems are discussing for “taxing the rich” it would equal that family getting a second job that earns an extra income of $80 per year yes, that is eighty dollars, I did not leave of a K or anything .
But don’t worry about it, this family doesn’t have a spending problem either.
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