Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama: Raise debt ceiling or risk global recession
Yahoo ^ | 4/15/11 | Ben Feller - AP

Posted on 04/15/2011 11:07:33 AM PDT by NormsRevenge

CHICAGO (AP) -- Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis.

"I think he's absolutely right that it's not going to happen without some spending cuts," the president told The Associated Press in an interview in his hometown, agreeing with House Speaker John Boehner's assessment.

Obama urged swift action, saying he doesn't want the United States to get close to a deadline that would destabilize financial markets. He said he was confident Congress ultimately would raise the limit.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Government; Politics/Elections
KEYWORDS: debtceiling; globalrecession; obama; risk
Navigation: use the links below to view more comments.
first 1-5051-100101-120 next last
I doubt his brother in Kenya would notice much difference.
1 posted on 04/15/2011 11:07:38 AM PDT by NormsRevenge
[ Post Reply | Private Reply | View Replies]

Fear
Doom
Chaos

How to organize a community on a cheap budget.


2 posted on 04/15/2011 11:08:51 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Let the fear mongering begin...


3 posted on 04/15/2011 11:08:56 AM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

So if we raise the debt ceiling and get another global recession anyway, then what?


4 posted on 04/15/2011 11:09:59 AM PDT by ConjunctionJunction
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Vote “no” just like he did when he was a smug senator.


5 posted on 04/15/2011 11:10:12 AM PDT by onyx (If you truly support Sarah Palin and want to be on her busy ping list, let me know!)
[ Post Reply | Private Reply | To 2 | View Replies]

Voters, holding a sign referring to the U.S. national debt, wait for the start of the Tax Payer Tea Party Rally in Concord, New Hampshire April 15, 2011. REUTERS/Brian Snyder


6 posted on 04/15/2011 11:10:16 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

So, what does Barry know about economics that would give him credentials to speak authoritatively on this issue? I think absolutely nothing.


7 posted on 04/15/2011 11:10:16 AM PDT by 556x45
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
‘The sky is falling’ administration. Same old, same old rhetoric. We heard this during the stimulus, tarp, and health-care. This administration is so pessimistic. Bring back President Reagan!
8 posted on 04/15/2011 11:10:36 AM PDT by rawhide
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

So everything this bunch wants is a disaster if it doesn’t get passed?


9 posted on 04/15/2011 11:10:54 AM PDT by ColdOne (I miss my poochie... Tasha 2000~3/14/11)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Obama the spokesman for the unholy trinity of hate, lies and death. America must cast off this ghoul.
10 posted on 04/15/2011 11:11:07 AM PDT by Armaggedon
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Always the fear-mongering with these people. Do exactly what I demand, or else the worst-case scenario will occur.

Obozo didn’t seem to have any problems voting against it when he was Senator.


11 posted on 04/15/2011 11:11:39 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DonaldC
Let the fear mongering begin...

And coming from a guy who had made CRYSTAL clear that he knows absolutely nothing about micro- or macro-economics. In fact, any statement he makes about cause/effect, supply/demand, etc. is likely to be 180 degrees from reality. It's all about grabbing pieces of the pie - he has ZERO interest in growing the pie.
12 posted on 04/15/2011 11:11:47 AM PDT by rockvillem
[ Post Reply | Private Reply | To 3 | View Replies]

To: onyx
who they gonna sell the debt too?

A Chinese bank worker checks a US 100-dollar bill together with stacks of 100-yuan notes at a bank counter in Hefei 2010. China trimmed its holdings of US debt for the fourth straight month in February, but was still the largest holder, according to Treasury Department data released on Friday.(AFP/File)


13 posted on 04/15/2011 11:12:05 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: NormsRevenge

We ALREADY HAVE global recession, silly Ozombie.

Not enough food riots in the middle east for yah, eh?


14 posted on 04/15/2011 11:13:05 AM PDT by TruthConquers (.Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

The burden of the world on my back again Øbama?
FUBO


15 posted on 04/15/2011 11:13:29 AM PDT by ▀udda▀udd (7 days - 7 ways a Guero y Guay Lao >>> with a floating, shifting, ever changing persona.....)
[ Post Reply | Private Reply | To 1 | View Replies]

The Right may not have picked a candidate .. yet..
but something tells me they'll be ready when it counts. ;-)

Voters listen to the speakers at a Tax Payer Tea Party Rally in Concord, New Hampshire April 15, 2011. REUTERS/Brian Snyder


16 posted on 04/15/2011 11:13:43 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Qbert
Do exactly what I demand, or else and the worst-case scenario will occur.
17 posted on 04/15/2011 11:13:50 AM PDT by kosciusko51
[ Post Reply | Private Reply | To 11 | View Replies]

To: NormsRevenge
Cool, lets tip the cow and see what happens.

Actually, I think the next big surprise is going to be the meltdown of the Chinese economy. The central planners there have been pushing the gas and the brake at the same time for a while now. Nobody trusts the numbers coming out of there, so no one has a reliable idea of what's really happening there.

18 posted on 04/15/2011 11:14:15 AM PDT by throwback ( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Did John Boehner move to Kenya?


19 posted on 04/15/2011 11:14:30 AM PDT by Tupelo (The Boudicca from Wasilla supporter)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Not the Japanese!


20 posted on 04/15/2011 11:14:38 AM PDT by TruthConquers (.Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 13 | View Replies]

To: TruthConquers
We ALREADY HAVE global recession

Is that true? I thought it was just a few Euro countries and the US. Aren't most other countries doing fairly well?

21 posted on 04/15/2011 11:14:41 AM PDT by nascarnation
[ Post Reply | Private Reply | To 14 | View Replies]

Comment #22 Removed by Moderator

To: NormsRevenge
"Raising the debt ceiling is a sign of a lack of leadership"

- Senator Obama

23 posted on 04/15/2011 11:15:36 AM PDT by jeffc (Prayer. It's freedom of speech.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; ...
I thought Obama was against raising it, OHH that was 2006. He says he changed his mind on it, Has he ever done that before?

Now we got a case of Rs and Ds in congress most of which opposed raising the limit at one time or another who will pull together now to say we must raise it or else.

As I posted on another thread. raise it about $200B with another $30B of cuts in the same bill, then repeat a few months later. Since Obama and Reid say it must be passed they will have to accept them, right ?? LOL

24 posted on 04/15/2011 11:15:42 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

“Obama: Raise debt ceiling or risk global recession”

Or in other words:

“You better let me put a few more sticks of dynamite on the pile around you, or I’ll blow you sky-high”


25 posted on 04/15/2011 11:16:53 AM PDT by RFEngineer
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge
Propose outrageous plan after outrageous plan and threaten the opposition with the consequences of your last outrageous plan if they don't go along with each.

A political perpetual motion machine- worked for years.

When will the GOP wise up and start playing the PR game like they know what they're doing?

26 posted on 04/15/2011 11:17:06 AM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

Latest Gallup Poll.. Lowest so far for O -— H/T Drudge
http://www.gallup.com/poll/147140/Obama-Job-Approval-Tying-Low.aspx
41% approval

PRINCETON, NJ - The latest Gallup Daily tracking three-day average shows 41% of Americans approving of the job Barack Obama is doing as president. That ties his low as president, which he registered three times previously — twice in August 2010 and once in October 2010.

sounds like he has finally found his stride.


27 posted on 04/15/2011 11:17:22 AM PDT by NormsRevenge (Semper Fi ... Godspeed .. Monthly Donor Onboard .. Obama: Epic Fail or Bust!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

At least global recession will lower food and gas prices again :)


28 posted on 04/15/2011 11:17:43 AM PDT by sickoflibs ("It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 1 | View Replies]

To: nascarnation

The news media here doesn’t report everything, might make the Ozomibe look bad.

Food riots are my evidence. The flood of cheap US dollars are going to keep it that way.


29 posted on 04/15/2011 11:17:50 AM PDT by TruthConquers (.Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 21 | View Replies]

To: skeeter

“When will the GOP wise up and start playing the PR game like they know what they’re doing?”

I have given up thinking that the GOP is stupid.
It has given them cover for SO MANY years, I am sick of it.

Doesn’t fly or add up anymore. They just aren’t for the people anymore. That is my conclusion.


30 posted on 04/15/2011 11:21:07 AM PDT by TruthConquers (.Delendae sunt publicae scholae)
[ Post Reply | Private Reply | To 26 | View Replies]

To: ClearCase_guy

LOL!!!!
Oh lowdy lowd!! Do what he sayyyyyy.....


31 posted on 04/15/2011 11:21:17 AM PDT by moehoward
[ Post Reply | Private Reply | To 22 | View Replies]

To: NormsRevenge

If we don’t raise the debt ceiling, unemployment will go above 8%...


32 posted on 04/15/2011 11:22:41 AM PDT by MichaelNewton
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

So, the banksters want the US to raise the debt ceiling or, so they threaten, they screw the world? Fiat currency made out of thin air by a marxist cartel is so cool.

How could we live without it? I don’t know.

(You know this ain’t coming from Obama. He’s got puppet masters that want this and are telling him what to say and do.)


33 posted on 04/15/2011 11:24:52 AM PDT by MichiganConservative (The birth certificate is not the only thing. His "autobiographies" were fictional and ghost-written.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy; NormsRevenge

Perfect! I LOLed so hard.


34 posted on 04/15/2011 11:25:06 AM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
[ Post Reply | Private Reply | To 22 | View Replies]

To: DonaldC

its only fear mongering when the GOP does it- when the radical left employs this tactic then its based on fact and reality- yet the GOP stands by silently and does not point out the hypocrisy....

didn’t we hear the same BS when obozo said $1trillion stimuloss was needed to avert disaster and keep unemployment at 8%???

its time for the GOP to start pointing fingers- it was time a half dozen years ago...


35 posted on 04/15/2011 11:25:53 AM PDT by God luvs America (When the silent majority speaks the earth trembles!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TruthConquers

What do you think of the term “bi-factional ruling party”?


36 posted on 04/15/2011 11:25:53 AM PDT by MichiganConservative (The birth certificate is not the only thing. His "autobiographies" were fictional and ghost-written.)
[ Post Reply | Private Reply | To 30 | View Replies]

To: NormsRevenge
"Obama: Raise debt ceiling or risk global recession"

As opposed to this stunning recovery 0bama created for us?

37 posted on 04/15/2011 11:27:10 AM PDT by Uncle Miltie (0bamanomics: Trickle Up Poverty.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Back into recession? Who does he think he’s kidding?


38 posted on 04/15/2011 11:27:19 AM PDT by ResponseAbility (Prepare for battle and never forsake the Lord...unknown)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge; All

If they fail to raise the debt ceiling, there will be disaster.

What they fail to mention is that if they raise the debt ceiling, there will also be disaster.

I choose the former.


39 posted on 04/15/2011 11:27:22 AM PDT by Red in Blue PA (Let's apply the "reasonable man" standard to gun laws. How many would stand?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ClearCase_guy

That pretty much sums it up right there.


40 posted on 04/15/2011 11:28:12 AM PDT by montyspython (This thread needs more cowbell)
[ Post Reply | Private Reply | To 22 | View Replies]

To: NormsRevenge

Translation: Raise the debt ceiling or we won’t be able to prop up the markets any more.


41 posted on 04/15/2011 11:28:20 AM PDT by jersey117
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

“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. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?”

Sen. Harry Reid (D-Nevada), 2006


42 posted on 04/15/2011 11:28:37 AM PDT by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

All of a sudden this BOZO is an economic genius.

STFU BO!


43 posted on 04/15/2011 11:30:14 AM PDT by Kevin in California
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Wasn’t this retard just lecturing us on how we’re going to be cutting the deficit?

How’s raising the debt ceiling accomplish that?


44 posted on 04/15/2011 11:30:34 AM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConjunctionJunction
So if we raise the debt ceiling and get another global recession anyway, then what?

That would happen because they did not raise it high enough. The only solution, of course, would be to raise it again even higher.

45 posted on 04/15/2011 11:31:18 AM PDT by Prokopton
[ Post Reply | Private Reply | To 4 | View Replies]

To: NormsRevenge
LOL!

Barky is making lots of noise these days...

46 posted on 04/15/2011 11:31:28 AM PDT by GVnana
[ Post Reply | Private Reply | To 1 | View Replies]

To: NormsRevenge

Nothing comes without risk.


47 posted on 04/15/2011 11:32:03 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jeffc

US deficit up 15.7% in first half of fiscal 2011

http://www.google.com/hostednews/afp/article/ALeqM5il-7COiRQUJ9kbLkZ3gg4nrlac5Q?docId=CNG.dcd81b51497966fd4c6461748e63e3ee.921

Hairy Reid on raising the debt ceiling on 2006:

http://www.youtube.com/watch?v=ELkbDdPeL7I

“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. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?”


48 posted on 04/15/2011 11:32:22 AM PDT by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
[ Post Reply | Private Reply | To 23 | View Replies]

To: MichiganConservative
You know this ain’t coming from Obama. He’s got puppet masters that want this and are telling him what to say and do.

It's waiting for him on his desk in the morning, and he practices in front of a mirror. Then it's loaded into the teleprompter, and he's ready to go. After the speech he gets some ice cream, like a good little boy.
49 posted on 04/15/2011 11:33:29 AM PDT by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 33 | View Replies]

To: Prokopton

That and they will blame the Republicans for it anyway. LOL!


50 posted on 04/15/2011 11:34:13 AM PDT by ConjunctionJunction
[ Post Reply | Private Reply | To 45 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-120 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson