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Obama asks Congress for $1.2 trillion increase in nationís borrowing limit
Washington Post ^

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 nation’s debt limit.

The request is largely a formality. It’s 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 president’s spending policies.

Congress has 15 days to reject the president’s 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 ...


TOPICS: Breaking News; Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: debtceiling; democrats; fraud; nobama2012; obama
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Sure, just fire another trillion down the blackhole.
1 posted on 01/12/2012 12:47:48 PM PST by sunmars
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To: sunmars

November cannot get here fast enough!!!


2 posted on 01/12/2012 12:49:46 PM PST by nagdt ("None of my EX's live in Texas")
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To: sunmars

Abd “Cry-Baby” “Boner” will give it to him, POS!


3 posted on 01/12/2012 12:49:46 PM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: All


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4 posted on 01/12/2012 12:51:02 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: sunmars

Why not just ask for a bazillion bazillion and get it over with?


5 posted on 01/12/2012 12:51:05 PM PST by edcoil (It is not over until I win.)
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To: sunmars

Moochelle must be planning another vacation.


6 posted on 01/12/2012 12:52:04 PM PST by tgusa (gun control: deep breath, sight alignment, squeeze the trigger .......)
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To: sunmars

OH MY GOSH!!!!!!!!!!!!!!! HELP US LORD.


7 posted on 01/12/2012 12:52:56 PM PST by rep-always
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To: rep-always

spending like a drunk sailor on shore leave with a pack of streetwalkers.


8 posted on 01/12/2012 12:54:33 PM PST by sunmars
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To: sunmars
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

~ Senator Barack H. Obama, March 2006


9 posted on 01/12/2012 12:55:01 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: sunmars

With the difference being that drunk sailors eventually run out of money and streetwalkers won’t take IOUs.


10 posted on 01/12/2012 12:59:13 PM PST by tumblindice (Rew Scromney)
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To: sunmars

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.


11 posted on 01/12/2012 1:02:54 PM PST by Wuli
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To: sunmars

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?


12 posted on 01/12/2012 1:06:34 PM PST by Leep
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To: sunmars

I wish “O” had a sphincter on his mouth!


13 posted on 01/12/2012 1:06:41 PM PST by SMARTY ("The man who has no inner-life is a slave to his surroundings. "Henri Frederic Amiel)
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To: sunmars

I was a drunken Sailor,but I spent my own money. Funny concept.


14 posted on 01/12/2012 1:06:59 PM PST by mortal19440
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


15 posted on 01/12/2012 1:09:13 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: sunmars

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.”


16 posted on 01/12/2012 1:10:25 PM PST by NTHockey (Rules of engagement #1: Take no prisoners)
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To: sunmars

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.


17 posted on 01/12/2012 1:11:32 PM PST by Dubya-M-DeesWent2SyriaStupid!
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To: sunmars

*Obama pulls down his pants and urinates on you*

Now pay your taxes - your government is broke. :)

/sarc(?)


18 posted on 01/12/2012 1:18:54 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: sunmars

Congress’ Ways & Means committee, A Typical Day

http://www.bing.com/videos/search?q=Das+Boot+bar+scene+youtube&view=detail&mid=89C34214E77276FDC42B89C34214E77276FDC42B&first=0&FORM=LKVR30


19 posted on 01/12/2012 1:20:26 PM PST by tumblindice (Rew Scromney)
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To: tumblindice

The difference is the sailor actually gets something for his money - if only a hangover.


20 posted on 01/12/2012 1:21:23 PM PST by edcoil (It is not over until I win.)
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