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Clinton to Obama: Don't blink on debt ceiling showdown
CNN ^ | July 3, 2011 | Pamela Sellers

Posted on 07/03/2011 3:34:17 AM PDT by bobk333

"This is the political equivalent of the government shutdown when I was president," Clinton said. "The White House could blink. I hope not."

Clinton made his argument in front of a large crowd at the left-leaning Aspen Ideas Festival in Colorado Saturday. Should the United States default on its payments, the country's credit ratings will decline, Clinton said, and interest rates could rise.

Growing anti-government forces like the Tea Party are truly affecting healthy government reform, Clinton said. "It's astonishingly good politics," he admitted, "but poor economic policy."

(Excerpt) Read more at edition.cnn.com ...


TOPICS: Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: clinton; clintondebtceiling; debtceiling; debtlimit; government; governmentshutdown; obama; shutdown; teaparty
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I hope Boehner and the Republicans don't blink.

Spending on handouts to special interests and cronies is good politics, but astonishingly poor economic policy.

1 posted on 07/03/2011 3:34:27 AM PDT by bobk333
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To: bobk333

You damn right us tea partiers are affecting ‘reform’. We are not for the ‘fundamental transformation’ of this country.


2 posted on 07/03/2011 3:39:18 AM PDT by Free America52 (The White guys are getting pissed off. We beat Hitler Hirohito and Krushchev. Obama will be easy.)
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To: bobk333

The government shut down twice under Clinton. Same story, different day...


3 posted on 07/03/2011 3:39:35 AM PDT by Sacajaweau
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To: Free America52

The Clintons paved the way smoothly for Obama.


4 posted on 07/03/2011 3:46:08 AM PDT by Twinkie (For whoever shall call upon the name of the Lord shall be saved. Romans 10:13)
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To: Twinkie

Who cares what this pervert has to say anymore.


5 posted on 07/03/2011 3:56:06 AM PDT by DooDahhhh (ma)
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To: Free America52
Growing anti-government forces like the Tea Party are truly affecting healthy government reform, Clinton said.

I was going to jump on Clinton for using the term “anti-Government” after reflection I'll agree with that but contest the “affecting healthy government reform”. Coming from his ilk that's a joke.

6 posted on 07/03/2011 4:02:38 AM PDT by Recon Dad (Herman Cain is the man in 2012)
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To: bobk333
WOW!!! What wisdom. I so miss Bill and Hillary being in the White House.
(Do I need the sarcasm tag here?)
7 posted on 07/03/2011 4:03:06 AM PDT by no dems (When I learn that a person, regardless of who they are, is a Democrat, I lose respect for them.)
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To: bobk333
I hope the Republicans are prepared this time. The arrows of blame are aimed directly at them.

They should cite all Obama's czars, his trips and vacations, Michelle's expensive junkets, on and on blame Obama and his cronies.

How about parties at the White House, expensive meals, cars, SUVs, unnecessary trips on Air Force 1, on and on?

Somebody should put together a big list of expenses to blame on Obama and the Repubs should memorize the list and repeat the points every time they are on the air.

It doesn't matter if the numbers add up - all that counts is the blaming of Obama.

8 posted on 07/03/2011 4:28:08 AM PDT by eCSMaster (We will fight for America and it starts here in Madison, WI. It starts here. It starts now.)
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To: bobk333

My guess is that the Republicans will blink, Boehner will cry, and if necessary, Zero will declare a national emergency and simply assume control.

The problem we have is one that that only an election or impeachment can fix.


9 posted on 07/03/2011 4:30:20 AM PDT by Phillipian (Post Tenebras Lux)
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To: bobk333

Interest rates SHOULD rise for a number of reasons. I believe that lack of return on savings is one of the things holding the economy back. Also, maybe if loan rates rose, banks would [really] start lending again. Who wants to make a loan which effectively has no return?


10 posted on 07/03/2011 4:31:45 AM PDT by rbg81
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To: Phillipian

Impeachment starts in the senate so that option is off the table...


11 posted on 07/03/2011 4:46:10 AM PDT by Eric in the Ozarks (Eh ?)
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To: Eric in the Ozarks
C'mon, Eric. Do a little research before you post stuff like that.
12 posted on 07/03/2011 4:55:08 AM PDT by Timmy
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To: Eric in the Ozarks
Impeachment starts in the senate so that option is off the table...

Incorrect. Impeachment starts in the Supreme Court, and is decided by the vote of the Cabinet in the Executive branch. In the event of a tie, the Speaker of the House casts the deciding vote.

13 posted on 07/03/2011 5:00:32 AM PDT by Lazamataz (Until Obama, has there ever been, in history, a Traitorous Ruler?)
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To: Lazamataz

Apologies to all.
What was I thinking of ?


14 posted on 07/03/2011 5:09:45 AM PDT by Eric in the Ozarks (Eh ?)
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To: Eric in the Ozarks

No need to apologize to him...he’s wrong also...impeachment starts in the house of representatives...as best I remember...when Clinton was impeached!


15 posted on 07/03/2011 5:11:44 AM PDT by RVN Airplane Driver
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To: bobk333

0bama’s call to increase taxes on “The Rich” and corporations sounds good to many, after all, “The Rich” have more money than they can use.
I ask these people what “The Rich” do with their money. Most just shrug. I tell them that their surplus isn’t stuffed in a mattress or coffee can. They invest it. Money that is invested creates jobs, jobs create tax revenues.
Even though our government leaders refer to spending tax money as “investing” very little of it actually gives us a return on the dollar. Very little actually creates long lasting jobs.
When it comes to an increase in interest rates I wouldn’t mind. I don’t borrow money. I’d like to see my savings account rate rise from .25%


16 posted on 07/03/2011 5:16:40 AM PDT by R. Scott (Humanity i love you because when you're hard up you pawn your Intelligence to buy a drink)
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To: RVN Airplane Driver

Yes, Clinton was impeached by the House, The Senate rinos would not remove the scum bag from office.


17 posted on 07/03/2011 5:23:59 AM PDT by reefdiver ("Let His day's be few And another takes His office")
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To: RVN Airplane Driver

Still recovering from our son’s wedding in Leavenworth, Washington.
The old man had too much wine...


18 posted on 07/03/2011 5:31:10 AM PDT by Eric in the Ozarks (Eh ?)
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To: bobk333

First of all, there would be no default. OTHER spending might be cut, but government securities obligations would be given a high priority.

This would actually enhance the attractiveness of investment in U.S. securities, because it would demonstrate that we are serious about maintaining a sound economy.

Don’t just stand your ground, Boehner. Attack, attack, attack!


19 posted on 07/03/2011 5:33:20 AM PDT by Walrus (Throw your thief out in 2012; get yourself a Mike Kelly)
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To: Sacajaweau

Oh, by the way, I wonder how many corporate jets were used by the attendees to get to and from this “Aspen Ideas Festival”? (snicker)


20 posted on 07/03/2011 5:36:31 AM PDT by Walrus (Throw your thief out in 2012; get yourself a Mike Kelly)
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