Skip to comments.Obama asks Congress for $1.2 trillion increase in nationís borrowing limit
Posted on 01/12/2012 12:47:40 PM PST by sunmars
WASHINGTON President Barack Obama is asking Congress for another $1.2 trillion increase in the nations debt limit.
The request is largely a formality. Its the third and final request the president is allowed under a deal the White House and lawmakers reached in August to prevent a government default.
But Republicans are likely to use the election-year request as an opportunity to criticize the presidents spending policies.
Congress has 15 days to reject the presidents request. The White House says Obama would veto any objections in order to avoid a default.
Obama originally planned to make this request in late December. But with Congress on vacation until mid-January, lawmakers asked Obama to delay his request so they could vote on the matter when they return.
(Excerpt) Read more at washingtonpost.com ...
November cannot get here fast enough!!!
Abd “Cry-Baby” “Boner” will give it to him, POS!
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Why not just ask for a bazillion bazillion and get it over with?
Moochelle must be planning another vacation.
OH MY GOSH!!!!!!!!!!!!!!! HELP US LORD.
spending like a drunk sailor on shore leave with a pack of streetwalkers.
~ Senator Barack H. Obama, March 2006
With the difference being that drunk sailors eventually run out of money and streetwalkers won’t take IOUs.
So, what this really means is that Obama wants another year of fiscal brinkmanship, where his budget is DOA as soon as the House gets it, where Harry Reid never allows the House Budget bill and Senate amendments, and a joint House and Senate Committee, to be considered and approved with a final Senate agreement with the House sending clear and complete federal budget bills to Obama.
No, that would mean Senate debate on every area of Obama’s spending and Dims in the Senate having to vote on them.
No. Like last year, Obama will work again with Reid to insure continued fiscal brinkmanship where the only votes in Congress - at the 11th hour - will be just to keep the total spending and annual additions to the deficit unchanged, without any votes on specific executive branch expenditures other than defense - leaving most of what Obama is spending unchecked by a GOP house majority, just as it is now.
Who is and will be the only one in Washington who will not compromise, when it comes to Federal spending? Obama.
If the GOP leadership allows Obama to again portray them, unchallenged, as the “obstructionists who won’t compromise”, the GOP Congressional membership should replace all their leaders.
We are living on barrowed time and so things don’t seem so bad. Apparently about half the citizens and rulers of the US could care less?
I wish “O” had a sphincter on his mouth!
I was a drunken Sailor,but I spent my own money. Funny concept.
The list, Ping
Let me know if you would like to be on or off the ping list
I’ve seen plenty of drunken sailors and I must say, sailors are more restrained.
IF Boner had a set, he’d say: “You get the money when the non-recess appointments are rescinded.”
While Obama spends money worse than a drunken Kennedy.Vacations,lavish hollywood parties at the WH, we have to suffer and he must spend another trillion more than the last trillion he snuck in before the trillion before that or the last.
*Obama pulls down his pants and urinates on you*
Now pay your taxes - your government is broke. :)
Congress’ Ways & Means committee, A Typical Day
The difference is the sailor actually gets something for his money - if only a hangover.
Another difference: we’re paying to get screwed.
Why bother asking?
“Why not just ask for a bazillion bazillion and get it over with?”
Wouldn’t be enough.
That statement should be used prominently in the campaign for the general election.
The Euro is tanking. Italy is going bankrupt. In Greece parents are GIVING away their young children because they cannot take care of them. Taking them to churches, etc., because they cannot afford them. AND this idiot wants to run us another $1.5 trillion in the hole. Just great. Hope and change rocks on.
That would be nice to see in breaking news just above this article :-)
I hope so. I’ve sent it out to my email list. I got it in email.
Yep! Exactly what I posted on a different thread earlier today! (That one was about the recess appointments but it’s applicable to this situation as well.)
“I just called Boehners office to ask what specific legal remedies the Speaker intends to take against the Executive branch for their illegal, un-Constitutional actions. No big surprise - The Speaker believes that the President has overreached his authority in making these appointments but he has not yet determined what course of action to take.
I told the aide that the American people have already seen Boehner stomp his feet and cry and wed like something a little more forceful this time. I said that if he wont immediately freeze all funds to the Executive Branch than we have to assume he is either incompetent or corrupt, but either way he doesnt deserve the office he holds and maybe we should start investigations against him!
Doubt that it will help - there must be a special machine in DC that remove the testicles of Republicans as soon as they arrive!”
A B O at all costs.
We can’t survive another obama term.
Thugbama getting a second term will collapse this nation into irreversible destruction.
Man the printing presses!
I certainly wish more people could see Obamas statement.
I just posted it on my facebook
and yes - if DHS and SS are reading this - yes, FFFUUUBBOOO!!!!
Don’t worry about the increase, ronpaul is there to stop it. Hahahahahahahha
what does this bring the new debt ‘cap’ to? $17 trillion?
I use it to determine the percent adjustment of the market and commodities as it directly relates to the devaluation of the dollar
either way, you can be assured the market will ‘go up’ as the unit of measure decreases
I think what you meant to say was the Ron Paul will load the bill with earmarks and THEN voite against it.
Exactly. Then he will get more campaign dough because he convinces the gullible that he is against spending.
And what about the disappearing Tea Party guys that were going to be so aggressive on reducing spending? Did they get paid off too?
Taxation by inflation
Let me ask you a judgment question. I found an NRO article with the quote from Jan 4th, 2011. It was never posted. Should I?
Yes. I found several other sources with the same quote.
Like all political scum, they forgot who put them there.
One Trillion Dollars
Equals One THOUSAND BILLION DOLLARS....
Equals ONE MILLION MILLION DOLLARS....
So, you could give away a million dollars to a million people......
But, if congress refuses to give him the money he can say he tried to fix things and the money would have doen it but the “do nothing” congress said no. That is going to be his mantra this year. Do nothing congress prevented me from doing my job!
Funny thing. That soundbite never, ever comes back to bite Obama on his ass.
Investing with a credit card is insane !...unless yer a socialist democrat idgit !
See, Congress and Obama have all been briefed on the Mayans being right about the world ending on Dec 21st of this year. We peons will never be told.
They’ll spend and spend until the meteor/planet X hits.
That’s the only explanation why they can’t stop....
Oh, so they LIED to us again?