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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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To: edcoil

Another difference: we’re paying to get screwed.


21 posted on 01/12/2012 1:24:25 PM PST by tumblindice (Rew Scromney)
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To: sunmars
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.

Why bother asking?

22 posted on 01/12/2012 1:25:03 PM PST by liberalh8ter (I don't like what the world has become....)
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To: edcoil

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

Wouldn’t be enough.


23 posted on 01/12/2012 1:28:02 PM PST by pieceofthepuzzle
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To: DJ MacWoW

That statement should be used prominently in the campaign for the general election.


24 posted on 01/12/2012 1:29:49 PM PST by pieceofthepuzzle
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To: Nachum

PING. Thanks.


25 posted on 01/12/2012 1:30:53 PM PST by Tucker39
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To: sunmars

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.


26 posted on 01/12/2012 1:31:11 PM PST by RetiredArmy (The End of Days draws near. In this time, you should be drawing closer to the Lord Jesus Christ.)
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To: DJ MacWoW

That would be nice to see in breaking news just above this article :-)


27 posted on 01/12/2012 1:32:58 PM PST by Jean S
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To: pieceofthepuzzle

I hope so. I’ve sent it out to my email list. I got it in email.


28 posted on 01/12/2012 1:33:07 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: sunmars

High Treason.

Literally.


29 posted on 01/12/2012 1:35:41 PM PST by Psycho_Bunny
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To: NTHockey

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 Boehner’s 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 we’d like something a little more forceful this time. I said that if he won’t immediately freeze all funds to the Executive Branch than we have to assume he is either incompetent or corrupt, but either way he doesn’t 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!”


30 posted on 01/12/2012 1:38:04 PM PST by VikingMom (I may not know what the future holds but I know who holds the future!)
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To: sunmars

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.


31 posted on 01/12/2012 1:38:11 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: sunmars

Man the printing presses!


32 posted on 01/12/2012 1:39:45 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Jean S

I certainly wish more people could see Obamas statement.


33 posted on 01/12/2012 1:41:32 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: DJ MacWoW

I just posted it on my facebook

fffffffffffffffffffffffffffff
uuuuuuuuuuuuuuuuuuuuuuuuuuuu
bbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
ooooooooooooooooooooooooooooooo

and yes - if DHS and SS are reading this - yes, FFFUUUBBOOO!!!!


34 posted on 01/12/2012 1:45:29 PM PST by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
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To: GlockThe Vote

LOL!!!


35 posted on 01/12/2012 1:50:22 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: GlockThe Vote

Don’t worry about the increase, ronpaul is there to stop it. Hahahahahahahha


36 posted on 01/12/2012 1:51:59 PM PST by shelterguy
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To: sunmars

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


37 posted on 01/12/2012 1:55:13 PM PST by sten (fighting tyranny never goes out of style)
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To: shelterguy
Don’t worry about the increase, ronpaul is there to stop it. Hahahahahahahha

I think what you meant to say was the Ron Paul will load the bill with earmarks and THEN voite against it.

38 posted on 01/12/2012 1:56:01 PM PST by Drill Thrawl (The damage is too extensive. Burn it down and start over.)
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To: Drill Thrawl

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?


39 posted on 01/12/2012 1:59:30 PM PST by shelterguy
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To: sunmars

Taxation by inflation


40 posted on 01/12/2012 2:01:51 PM PST by Vaquero ("an armed society is a polite society" Robert A. Heinlein)
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To: Jean S

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?


41 posted on 01/12/2012 2:03:22 PM PST by DJ MacWoW (America! The wolves are here! What will you do?)
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To: DJ MacWoW

Yes. I found several other sources with the same quote.


42 posted on 01/12/2012 2:06:03 PM PST by Jean S
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To: shelterguy
And what about the disappearing Tea Party guys that were going to be so aggressive on reducing spending? Did they get paid off too?

Like all political scum, they forgot who put them there.

43 posted on 01/12/2012 2:06:26 PM PST by Drill Thrawl (The damage is too extensive. Burn it down and start over.)
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To: sunmars
...lawmakers asked Obama to delay his request so they could vote on the matter when they return.

Vote?? Why would they want to vote? That might involve real discussion and debate. Just give the dictator what he wants. That's basically what they've been doing all along.
44 posted on 01/12/2012 2:14:59 PM PST by Deo volente (God willing, America will survive this Obamination.)
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To: sunmars

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......


45 posted on 01/12/2012 2:18:53 PM PST by Red Badger (If you are unemployed long enough, you are no longer unemployed.)
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To: sunmars

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!


46 posted on 01/12/2012 2:19:20 PM PST by Bitsy
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To: DJ MacWoW

Funny thing. That soundbite never, ever comes back to bite Obama on his ass.


47 posted on 01/12/2012 2:25:17 PM PST by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
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To: Nachum

STOP SPENDING !

Investing with a credit card is insane !...unless yer a socialist democrat idgit !

48 posted on 01/12/2012 2:32:00 PM PST by Squantos (Be polite. Be professional. But have a plan to kill everyone you meet)
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To: Squantos

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....


49 posted on 01/12/2012 2:40:34 PM PST by hattend (If I wanted you dead, you'd be dead. - Cameron Connor)
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To: sunmars
Wasn't ending the Iraq war supposed to decrease spending by mega billions? I mean, that's what they told us.

Oh, so they LIED to us again?

FUBO!

50 posted on 01/12/2012 2:45:47 PM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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