I saw one of these recently at a Save Mart in Sacramento.. Democrats are testing the new shopping cart each will receive once Obama has authority to raise debt limit 'without drama'.
Posted on 12/05/2012 5:24:13 AM PST by ExxonPatrolUs
Snip.
"The President will highlight why it would hurt our economy and our nation's businesses if we do not find a solution to avoid another debt ceiling crisis, and will ask the business leaders for their help in supporting an approach that resolves the debt limit without drama or delay," said the official, who spoke on condition of anonymity.
It was the reluctance of congressional Republicans to agree to such an increase in 2011 without deep spending cuts that brought the nation to the brink of default. The result was a historic lowering of the U.S. credit rating and a setback to the recovery from a recession that ended in 2009.
The statutory ceiling on U.S. Treasury borrowing is $16.4 trillion. The nation is expected to hit the legal limit near the year's end, although it can tap emergency measures to stave off a default and keep the government running into early 2013.
If Congress fails to raise the borrowing cap, analysts expect the Treasury would run out of options to avoid a default some time in the latter half of February. That forecast could change depending on how the administration and Congress deal with the fiscal cliff at the end of the year.
Snip.
(Excerpt) Read more at m.cnbc.com ...
He is saying that since we can’t agree how to deal with our exploding debt bomb we should just give up trying and give him a credit card without limit. Yeah, that’s sound policy.
Obama doesn’t want to ‘deal’ with the debt bomb. He wants to build it bigger. Its part of his plan.
How about, NO, and let’s NOT raise the limit so we can enjoy some drama?
“It was the reluctance of congressional Republicans to agree to such an increase in 2011 without deep spending cuts that brought the nation to the brink of default.”
No bias here, right?
Who needs the Congress when Obama is King?
On CNBC this morning, Steny Hoyer, the old bull moose Democrat, gave a ringing endorsement of Boehner, and what a fine job he is doing. The Democrats know they can roll him just as they’ve done in the past.
If the Republicans don’t dump him as Speaker in the next Congress, every one of them should be replaced in ‘14.
Yeah, and each compromise is without spending cuts.
Right, and give me another credit card without a credit check!
I saw one of these recently at a Save Mart in Sacramento.. Democrats are testing the new shopping cart each will receive once Obama has authority to raise debt limit 'without drama'.
The GOP should be having a collective cartwheeling sh*tf*t all over Capitol Hill!
Instead the quisling Boehner is throwing the Conservatives under the bus again, stripping the conservatives in the House of key committee posts.
Leadership needs to stop talking process, and starting making it clear that Obama is dangerous in his unwillingness to address spending. No more ‘nice guy, but...’ tactics. It doesn’t work pretending like there are common goals between the parties in this negotiation.
In other words, the Commie-in-chief wants Congress to immunize him against reaction of the free-markets by helping keep it quiet and low-key.
My contempt for this thieving prick knows no bounds and it grows every day.
Obama just isn't working at his job.
He sounds like a spacey teenager!
Walk quietly and don’t cause drama as you board the boxcars.
Lets all just hold hands, sing Kumbaya, and go merrily over the fiscal cliff together. After all, how bad can it be? Wasn’t it created by the wizards of smart in Congress and signed into law by our enlightened President? Pass the kool-aid please.
As long as Tammy Faye Boehner is Speaker of the House Obama has clear sailing ahead.
Of all the countries that tried to kill this nation and faied,all it took to do so was a black pResident and his friends.
Who knew?
It was the reluctance of congressional Republicans to agree to such an increase in 2011 without deep spending cuts that brought the nation to the brink of default. The result was a historic lowering of the U.S. credit rating and a setback to the recovery from a recession that ended in 2009.
The Credit rating dropped because the democrats refused to get spending under control, which meant we'd have to keep raising our "debt ceiling" whenever we hit it. Which means we don't have a debt ceiling, and we can't control our debt, or repay it. That is what makes us a credit risk. Nobody thinks we'd default on our current debt if we "hit" a debt limit.
And the recovery of course is on hold because Obama is killing the economy, and has nothing to do with the fight over the debt limit, except that the AGREEMENT didn't get spending under control, and that was a negative impact to the economy.
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