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!
Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!
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.