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POLITICO- Obama: Debt ceiling deadline is Friday
Politico ^ | 7-14-01 | Manu Raju

Posted on 07/14/2011 2:06:46 PM PDT by tcrlaf

President Barack Obama told congressional leaders that a deal must be in place on Friday, or lawmakers will have to make contingency plans to raise the national debt ceiling, a top Democratic negotiator said Thursday.

Senate Majority Whip Dick Durbin (D-Ill.) relayed Obama’s message to reporters Thursday, saying they will have to act fast on a Plan B if a deal doesn’t appear in place by tomorrow. Treasury has said the country will run out of money to pay all of its bills on Aug. 2.

"The president has expressed to the group that by Friday we have to get something done,” Durbin said Thursday. “And it’s realistic because if we’re going to extend the debt ceiling, it takes some time to not only write the bill but to have it scored and move forward.”

Asked if that meant that Congress must move to another option if a deal isn’t reached on Friday, Durbin said: “We will have no choice at that point but to turn to some other option.”

(Excerpt) Read more at politico.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bluff; debt; debtdeal; debtdealbluff; liar; obama
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Obama wants a Deal NOW... He has a tee-time for Saturday, and doesn't want anything to interfere with the all-important RAMADAN VACATION.

Check out some of the whackjob lib comments in this article. It's hilarious how stupid these people are.

1 posted on 07/14/2011 2:06:50 PM PDT by tcrlaf
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To: tcrlaf

“I want that ice cream NOW...Bwaaaaaaaaaaaaaaaaaaaaaaaaaaa!” Is it proper for a President (nobama) to have tantrums? Bwahahahahahahahahahahahahahahahahahahaha!


2 posted on 07/14/2011 2:08:43 PM PDT by hal ogen
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To: tcrlaf

Friday, or else!

Ok, you got “ELSE”! Take that, and put some ice on it!


3 posted on 07/14/2011 2:09:02 PM PDT by The Bronze Titan
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To: tcrlaf

Hey Barry and your messenger boy Dick Turban, go pound sand.


4 posted on 07/14/2011 2:10:48 PM PDT by Argus
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To: The Bronze Titan

Here’s that “patience of Job” the o-hole from California told us about.


5 posted on 07/14/2011 2:11:12 PM PDT by treetopsandroofs (Had FDR been GOP, there would have been no World Wars, just "The Great War" and "Roosevelt's Wars".)
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To: tcrlaf
It's hilarious how stupid these people are.

I know you probably don't think they are really hilarious, but I just wanted to say I find them infuriating. Idiots like them have almost completely destroyed our country and when it is destroyed they will still be too stupid to realize they are the people that did it.

6 posted on 07/14/2011 2:11:31 PM PDT by beaversmom
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To: tcrlaf
Soon-to-be Sen. Majority Leader McConnell just laid it out for Bobo -- 'You're gonna lose in 2012, and you're not taking a single GOP candidate with you. You made this mess -- now own it.'
7 posted on 07/14/2011 2:12:19 PM PDT by StAnDeliver (/)
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To: tcrlaf

What happened to Camp David this weekend?


8 posted on 07/14/2011 2:12:27 PM PDT by sanjuanbob (Festina Lente)
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To: tcrlaf

lol that is so right! I am sooooo sure. He can not be put out.


9 posted on 07/14/2011 2:12:45 PM PDT by southernindymom
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To: treetopsandroofs

I pray he has to endure at least 1/10th of what Job did.


10 posted on 07/14/2011 2:13:04 PM PDT by rokkitapps ( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
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To: tcrlaf

POLITICO 44 said the idiot was going to Montana for vaca. SO he will leave like a cry baby and find he has a challenger upon his return. They will decide the country does not need impeachment hearings during a depression.


11 posted on 07/14/2011 2:13:54 PM PDT by Dubya-M-DeesWent2SyriaStupid! (Allen West 2012 Make it happen!)
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To: tcrlaf

Key words are also “all it’s bills”. So, you don’t pay all the bills, just the most important ones. The “pork” can sit and age a little.


12 posted on 07/14/2011 2:14:33 PM PDT by southernindymom
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To: beaversmom
Idiots like them have almost completely destroyed our country and when it is destroyed they will still be too stupid to realize they are the people that did it.

Absolutely the truth.

13 posted on 07/14/2011 2:16:51 PM PDT by A message
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To: tcrlaf
LIES, LIES AND MORE LIES.
The government has money coming in every month from a number of sources, withholding, etc..
The money to pay the interest on the debt, maturing debt, SS and Medicare is there.
All Obama and his minions are doing are raising the Hysteria levels higher for no reason.
My Father, who is 87, told me Obama could take his SS check and shove it. He knows the truth and is calling him on it.
The folks out there are not falling for his lies like they might have.
14 posted on 07/14/2011 2:17:07 PM PDT by Captain Peter Blood
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To: sanjuanbob

Exactly.

These people can’t keep their stories straight for one day!


15 posted on 07/14/2011 2:17:44 PM PDT by Rational Thought
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To: tcrlaf

Has the president submitted a budget to Congress? NO! Has Congress written a budget? NO!

NO “DEAL”!!!

We all know what a “deal” means. Obama wants the House to cave and let him get away with stealing. We KNOW this. If they cave, they lose. We will be taking names and remembering come election day.


16 posted on 07/14/2011 2:18:07 PM PDT by Judith Anne ( Holy Mary, Mother of God, please pray for us sinners now, and at the hour of our death.)
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To: tcrlaf

Pharo Obama is losing it. The MSM made him think he was King of America. Option B. Obama and Biden resign. We PARTY!


17 posted on 07/14/2011 2:18:28 PM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: The Bronze Titan

lets just hope that’s the thinking of cantor/boehner/mcconnell.....

the deal is simple- for every $1 of debt ceiling increase there’s a reduction of $1 in spending....its what most people who have a constrained budget do....


18 posted on 07/14/2011 2:19:27 PM PDT by God luvs America (63.5million pay no federal income tax then vote demoKrat)
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To: tcrlaf

My God, he sent someone down to Congress to tell them what he wants? Can you see Harry Truman or LBJ doing that. What a whoosie.

Not only must he sit down when pees, but he has to make sure his shorts are long so no one sees his maxi pad on underneath.


19 posted on 07/14/2011 2:19:27 PM PDT by Vermont Lt
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To: Captain Peter Blood
"All Obama and his minions are doing are raising the Hysteria levels higher for no reason.

LOL, no reason? Are you freakin' SERIOUS!!

20 posted on 07/14/2011 2:19:31 PM PDT by 101voodoo
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To: hal ogen

Be right back. Have tyo go eat my peas. The dictator said so.


21 posted on 07/14/2011 2:20:53 PM PDT by Sacajaweau
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To: tcrlaf

Well, skooby do!


22 posted on 07/14/2011 2:21:51 PM PDT by Paperdoll (NO MORE BUSHS!)
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To: tcrlaf

Ha! Or what?!


23 posted on 07/14/2011 2:22:17 PM PDT by jackv (The darkness hates the light!)
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To: tcrlaf

Now go away you spending kill-joys or I shall taunt you a second time.

He’s got golf balls to hit, ice cream to eat, trips to take, tax dollars to spend.
And Chewbacca should be coming back soon from yet another vacation.


24 posted on 07/14/2011 2:24:11 PM PDT by tumblindice
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To: tcrlaf

Key words are also “all it’s bills”. So, you don’t pay all the bills, just the most important ones. The “pork” can sit and age a little.


25 posted on 07/14/2011 2:24:54 PM PDT by southernindymom
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To: sanjuanbob

Boner told zero no to Camp David.


26 posted on 07/14/2011 2:25:47 PM PDT by Arrowhead1952 (zero hates Texas and we hate him back. He ain't my president either.)
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To: jackv

So let me get this straight....

Reid wants Cantor out of the room because he is “juvenile,” yet Dick Turbin is the White House spokesman on these “negotiations”? Who the hell let him into the room?

So according to the libs we have Dick Turbin, Harry Reid, and Obama as the responsible adults in the room. Yeah, right.


27 posted on 07/14/2011 2:26:21 PM PDT by mrs9x
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To: God luvs America

The Rs need to tell zero to dump obummercare and then we talk again.


28 posted on 07/14/2011 2:27:52 PM PDT by Arrowhead1952 (zero hates Texas and we hate him back. He ain't my president either.)
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To: StAnDeliver

Did he actually say that?


29 posted on 07/14/2011 2:29:48 PM PDT by erod (Unlike the President I am a true Chicagoan.)
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To: Captain Peter Blood
The money to pay the interest on the debt, maturing debt, SS and Medicare is there.

Is there any logical reason that Social Security and Medicare should be considered more important for the government to pay than any of the other things included in the spending bills that were passed into law?

30 posted on 07/14/2011 2:31:03 PM PDT by Wissa (Gone Galt)
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To: tcrlaf

So, Obama caved. He allowed for a Plan B. Start passing Plan B in the House. Direct the Treasury to pay debt, military, ss, medicare recipients, NIH, etc., first. Then give percentage targets for the other departments. If the GOP did this, there is no way on earth the O will veto it.


31 posted on 07/14/2011 2:31:24 PM PDT by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: Tennessean4Bush
I don't think it would be a plan B from the House, I think it would be an attempt to exclude the Congress through Executive orders.
IMO the Congress better be prepared to go to the Supremes after what I think will come.
32 posted on 07/14/2011 2:34:42 PM PDT by A CA Guy ( God Bless America, God bless and keep safe our fighting men and women.)
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To: tcrlaf

Aha! Bombadan starts 8/1, no wonder the boy King is in such a big rush.


33 posted on 07/14/2011 2:35:46 PM PDT by Cyber Liberty (Oh, well, any excuse to buy a new gun is good enough for me.)
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To: tcrlaf

But if they had agreed to go to Camp David this weekend, would the deadline still have been tomorrow?


34 posted on 07/14/2011 2:36:32 PM PDT by 9YearLurker
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To: Captain Peter Blood

Heard today on TV that items NOT on the chopping block are:

Green programs for Obama’s pie in the sky green jobs - like the ones that Spain failed at

High speed rail - oh we really need that at a time like this. I understand this is highly cost inefficient.

And how many other of zero’s favorite programs is he demanding be funded that we don’t want?

He really does think he’s king.


35 posted on 07/14/2011 2:36:42 PM PDT by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: sanjuanbob

Boner said “No dice.” He knows it’s a losing proposition. I know it’s not his first thought, so I credit Cantor.


36 posted on 07/14/2011 2:37:29 PM PDT by Cyber Liberty (Oh, well, any excuse to buy a new gun is good enough for me.)
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To: Wissa

By law certain things are going to have to be paid. Given these are entitlement programs it may be they are in line first before other things.


37 posted on 07/14/2011 2:38:08 PM PDT by Captain Peter Blood
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To: Wissa
Is there any logical reason that Social Security and Medicare should be considered more important for the government to pay than any of the other things included in the spending bills that were passed into law?
Long term, no difference. Short term, big difference. Drastically reducing this without ample time to allow people to prepare hurts the most vulnerable in our society. That is why most reform focuses on altering the structure gradually in these programs - raising the retirement age gradually over the course of a decade allows people to adjust and reduces financial exposure. JMHO
38 posted on 07/14/2011 2:38:23 PM PDT by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: tcrlaf

“OK Buckwheat. What is a bicameral legislature?”
Honorary Civics/Civil Teacher Obama

Buhwheat: Silence

“Can you tell me what a quorem is?”

Silence

Suppose I—as president—told a co-equal branch of government that something must be done by a certain time.
Can you use the word `dictate’ in a sentence’”?

(Pause)

“How do my dictate?”


39 posted on 07/14/2011 2:40:16 PM PDT by tumblindice ( Otayyyyyyy!)
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To: tcrlaf

This sure sounds curious after the walkout - it’s strategy, not a real need - Obamanation wants to force a final decision on his terms. I’d say, let Friday pass with nothing decided.


40 posted on 07/14/2011 2:42:27 PM PDT by existentialist
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To: Aria

Oh - obama still wants to funnel money to La Raza, SEIU, ACORN, Hamas, and a hundred other illicit outfits... obama thinks these things are more important than S.S., Medicare, etc.


41 posted on 07/14/2011 2:42:55 PM PDT by ICCtheWay
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To: Aria

It will be incredibly interesting to see what gives. If Obama caves and starts cutting drastically, he will lose his base and basically be finished as a President. If the GOP caves and allows spending to increase with no meaningful cuts it will spell the end of their careers. Neither side will cave, imho. Not sure what is going to happen. If O issues executive orders to supersede the House then we will have a constitutional crisis on our hands. People will revolt. Literally.


42 posted on 07/14/2011 2:47:24 PM PDT by Tennessean4Bush (An optimist believes we live in the best of all possible worlds. A pessimist fears this is true.)
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To: Tennessean4Bush

That doesn’t address the question of how the decision is made of which bills won’t be paid right now, once the debt limit is reached.


43 posted on 07/14/2011 2:49:45 PM PDT by Wissa (Gone Galt)
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To: tcrlaf

Tic Tic Tic


44 posted on 07/14/2011 2:51:47 PM PDT by woofie
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To: tcrlaf
That's HIS deadline to stop checks and/or bank transfers from being sent out.
45 posted on 07/14/2011 2:54:22 PM PDT by shield (Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
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To: tcrlaf
“We will have no choice at that point but to turn to some other option.”

Let him move to Schumers option...it will give the house NO choice but to impeach him.

46 posted on 07/14/2011 2:56:24 PM PDT by shield (Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
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To: tcrlaf
President Barack Obama told congressional leaders that a deal must be in place on Friday, or lawmakers will have to make contingency plans to raise the national debt ceiling

Mister Bigshot is full of BS, too.

Bump to the TRUE Conservatives who have said they won't vote to allow nobama's continued spending our country inyo oblivion!

47 posted on 07/14/2011 3:01:16 PM PDT by upchuck (Think you know hardship? Ha! Wait till the dollar is no longer the world's reserve currency.)
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To: tcrlaf

Congress is on double secret probation.


48 posted on 07/14/2011 3:03:34 PM PDT by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: sanjuanbob

Speaker said ,,,,NO.


49 posted on 07/14/2011 3:07:45 PM PDT by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: Wissa
Here's what Jack Wheeler says [I certainly wish the house would do just this]: It is a snip...from an article..

To be specific, Mr. Obama lied when he threatened on July 12 that there wouldn't be enough money to send out Social Security checks on August 3 if the debt ceiling isn't raised.

The federal government receives more than $200 billion in tax revenue a month. Interest on federal debt per month is $29 billion. Social Security costs per month are about $49 billion. Medicare and Medicaid about $50 billion. Active duty military personnel and veterans programs some $2.9 billion each. Those monthly costs add up to around $134 billion - which leaves $66 billion per month left over.

The problem is - and get ready for this - the federal government is spending $108 billion more than it takes in every month now. The CBO estimates are that Washington spent $973 billion more, which means borrowed, than it received for the first nine months of FY2011. The Demagogues are digging the hole we're in $108 billion deeper every month - and they say the only way out is to keep digging and borrowing more!

I say no. I say this has to stop. Which is why I must admit I am keenly disappointed by my fellow Republicans in the House leadership, whom I feel have been suckered into a red herring trap on this.

They keep proposing ridiculous alternatives to Mr. Obama's impossibly destructive demand to raise both the debt ceiling and taxes - such as "entitlement reform," and agreeing to raise the debt ceiling by trillions right now in exchange for what Congressman Allen West appropriately terms "fairy dust" cuts in spending years from now.

I feel what they need to insist on is spending reform right now. As we saw in the numbers above, this requires the following actions by the House:

*Refusing to raise the debt ceiling. (Remember that only the House has the Constitutional authority to raise it, or indeed to authorize any and all spending by the federal government.)

*Specifying that the approximately $200 billion in monthly federal revenues be first spent as itemized above (debt interest payment, Social Security, et al).

*Negotiating with Mr. Obama on how the remaining some $66 billion in monthly revenues should be prioritized. This is the only discussion the House leadership should be having with Mr. Obama.

The discussion should go something like this. Mr. Obama, you've been spending $174 billion a month beyond the most essential priorities of debt service, Social Security, etc., and as of next month, you'll only have $66 billion. As Commander-in-Chief, a most basic responsibility of yours is to provide for the national defense, so a significant fraction of that $66 billion must go to the Pentagon. How do you propose to spend what's left, realizing that a majority of the House has to agree?

50 posted on 07/14/2011 3:09:04 PM PDT by shield (Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
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