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WH Fiscal Cliff Offer Includes Unlimited Executive Power to Raise Debt Ceiling
Breitbart ^

Posted on 11/30/2012 8:31:57 PM PST by chessplayer

Treasury Secretary Timothy Geithner, President Barack Obama's point man on the fiscal cliff negotiations, presented Republican leaders a proposal to avoid the fiscal cliff on Thursday, which gives Obama unprecedented powers to raise the debt ceiling whenever he wants.

The White House proposal includes $1.6 trillion in tax increases, a one-year deferral of sequestration, and $400 billion in savings from Medicare and other programs.

In addition, the White House's initial offer also gives Obama the authority to raise the debt ceiling essentially to infinity without congressional approval and a “multi-year” stimulus package that would be “at least” $50 billion for fiscal year 2013.

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


TOPICS: News/Current Events
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If this doesn't prove he WANTS to go over the fiscal cliff and DELIBERATELY push us into another recession, nothing will.
1 posted on 11/30/2012 8:32:09 PM PST by chessplayer
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To: chessplayer

The White House and Democrats have shown they do not want any deal.


2 posted on 11/30/2012 8:33:55 PM PST by GeronL (http://asspos.blogspot.com)
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To: chessplayer
"I have a proposition for you, okay? I'm going to make you an offer. Now, this is a sweet deal, so I want you to listen. Here's the thing: how about, you give me unlimited power? Huh? What do you say?"

Boehner may have to think about it, but I bet he says yes.

3 posted on 11/30/2012 8:35:16 PM PST by ClearCase_guy (Global Warming is a religion, and I don't want to be taxed to pay for a faith that is not mine.)
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To: GeronL
well they can't walk away from this....START A MASSIVE INFORMATIVE TV/RADIO CAMPAIGN AND EXPOSE THIS INSANITY....

this guy will give OUR money to more of his shyster friends....

4 posted on 11/30/2012 8:38:26 PM PST by cherry
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To: ClearCase_guy

Actually, there is a deal that he could put on the table for the President. Give the President unlimited power....to lower the debt ceiling. I’d even offer the President a bonus for each billion he can trim off the debt.


5 posted on 11/30/2012 8:38:43 PM PST by pepsionice
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To: chessplayer

I’m still trying to figure out why we have a debt ceiling if they keep raising it. Why bother. Just do away with it and stop the pretense.


6 posted on 11/30/2012 8:39:16 PM PST by doc1019 (Women have a choice, unborn babies don't.)
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To: chessplayer

If he gets it, I am negotiating with my employer to pay me in Yuan.


7 posted on 11/30/2012 8:39:23 PM PST by Vince Ferrer
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To: chessplayer
“Avoid the fiscal cliff by giving me unprecedented powers” LOL!

Come on people! We are supposed to be so stunned and mortified by this revelation that we begin calling and writing our representatives, to basically give Bambi what he wants - cover. Homey don't play that.

8 posted on 11/30/2012 8:39:48 PM PST by KittenClaws (You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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9 posted on 11/30/2012 8:39:48 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: ClearCase_guy
Boehner may have to think about it, but I bet he says yes.

But [sniff] at least we get to have a good cry about it.

They should move the coverage of the House from C-SPAN to Lifetime so bored housewives don't have to flip channels to see another hormonal b##ch cry on teevee.

10 posted on 11/30/2012 8:40:00 PM PST by Repeat Offender (What good are conservative principles if we don't stand by them?)
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To: GeronL

this is getting surreal,

this is how America dies,


11 posted on 11/30/2012 8:40:04 PM PST by captmar-vell
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To: chessplayer

The dark side knows the Republicans are screwed either way, so the GOP may as well throw the whole mess overboard. Agree to nothing and let’s get this cliff jump over with.


12 posted on 11/30/2012 8:40:50 PM PST by ScottinVA (I've never been more disgusted with American voters.)
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To: chessplayer

I have my seat belt on...let’s go!


13 posted on 11/30/2012 8:42:20 PM PST by O6ret
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To: chessplayer

The power to destroy the country. Just what he always wanted.


14 posted on 11/30/2012 8:45:02 PM PST by MtnClimber (I did not vote for 0bama, someone else did that!)
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To: cherry

The GOP better not agree to this crap


15 posted on 11/30/2012 8:45:42 PM PST by GeronL (http://asspos.blogspot.com)
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To: captmar-vell

exactly

The GOP needs to know better than to make a deal like this


16 posted on 11/30/2012 8:46:02 PM PST by GeronL (http://asspos.blogspot.com)
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To: chessplayer
Photobucket
17 posted on 11/30/2012 8:54:14 PM PST by Slings and Arrows (You can't have IngSoc without an Emmanuel Goldstein.)
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To: GeronL

Problem is he knows he holds all the cards and knows the GOP has nothing. We go over the cliff and into another recession, the majority of people will blame the GOP.


18 posted on 11/30/2012 8:54:21 PM PST by chessplayer
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To: chessplayer
Why don't they just "print" the amount of dollars "needed" to pay the debt?

Why the hell do they need to enslave us with taxes to death? /s

19 posted on 11/30/2012 9:02:28 PM PST by FranklinsTower
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To: chessplayer

So what if they blame the GOP?

Our entire Government is corrupt, and crybabies to boot - all of them!


20 posted on 11/30/2012 9:03:40 PM PST by KittenClaws (You may have to fight a battle more than once in order to win it." - Margaret Thatcher)
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To: chessplayer

Dumb *&# thinks he’s king.


21 posted on 11/30/2012 9:06:26 PM PST by madison10 (“Obama’s fools and Stalin’s fools share the same drink of illusion.” ~~Pravda)
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Cloward-Piven.


22 posted on 11/30/2012 9:13:51 PM PST by IncPen (Educating Barack Obama has been the most expensive project in human history)
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To: chessplayer

That spending over revenue is actually a tax on future generations. Talk about taxation without representation!!!

What an attempt at a powergrab, and he hasn’t even started his second term. I think we’ll look back on the first four years as the good old days.


23 posted on 11/30/2012 9:14:30 PM PST by paint_your_wagon
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To: chessplayer
Problem is he knows he holds all the cards and knows the GOP has nothing.

Having nothing or doing nothing are two different things. If the Repubs in the House had and testicular fortitude they would shut the country down by pulling the purse strings closed. If they don't, where are they going to take a stand?

This may be the Repubs 'Now or Never' moment.

24 posted on 11/30/2012 9:30:28 PM PST by Balata
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To: chessplayer

“the majority of people will blame the GOP”.

Yep, and if the GOP agree to it then it is a “bipartisan” recession.


25 posted on 11/30/2012 9:34:35 PM PST by MCF
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To: chessplayer
Please explain a scenario where the GOP doesn't get the blame?

After the last fiasco of a negotiation, I am having a hard time caring. Whatever happens will be a complete joke.

Our political class is absolutely insane.

26 posted on 11/30/2012 9:43:59 PM PST by hopespringseternal
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To: chessplayer
McConnell should have not only laughed in his face, he shoulda called security to throw the bum out, then told him, "Get the F*** OUT AND COME BACK SOMETIME WHEN YOU'RE SOBER!"
27 posted on 11/30/2012 10:07:33 PM PST by HeartlandOfAmerica ("We have prepared for the unbeliever, whips and chains and blazing fires!" Koran Sura 76:4)
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To: chessplayer

Who cares who they blame - expose the fraud and let the GOP do their job! The election is over - who cares about the majority!!


28 posted on 11/30/2012 10:20:11 PM PST by presently no screen name
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To: chessplayer
My personal feeling is that the Republicans in the House and Senate should hold hearings and invite all the major rating agencies to testify as to if the WH & Dem proposed package will help the US regain its AAA credit rating or if it will likely result in a drop in future credit ratings.

The problem is not rate rates for the rich, the problem is increased borrowing that is destroying this Country's (and other countries = see Euro Crisis)ability to repay borrowed funds.

Let's not get sucked into a definition of fiscal cliff that the media is pushing. Let's educate both the media and the public on what is at stake and what the Dem's are not behaving responsibly.

29 posted on 11/30/2012 11:28:34 PM PST by Robert357 (D.Rather "Hoist with his own petard!" www.freerepublic.com/focus/f-news/1223916/posts)
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To: chessplayer

Giving him the key to the economic button


30 posted on 12/01/2012 3:31:36 AM PST by ronnie raygun (bb)
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To: chessplayer

Bump


31 posted on 12/01/2012 4:09:19 AM PST by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
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To: chessplayer
THEY will blame the republicans regardless... time to do the right thing and fight evil with what we KNOW works. Just do the right thing and TALK to the American people about what you are and are NOT doing and why. Call the press liars to their face... on camera... in interviews and on TV.

LLS

32 posted on 12/01/2012 5:24:33 AM PST by LibLieSlayer (WOLVERINES!)
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To: lowbridge

Who cares if the gOP gets blamed? What they are saying is doing the right thing for America might hurt them politically. And...? Do the right thing regardless and and if the gOP loses seats so what. They were sent to DC to the right thing not to protect their jobs in 2014.


33 posted on 12/01/2012 5:28:31 AM PST by JohnD9207 (Isn't freedom worth fighting for?)
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To: MCF

all spending is suppose to start in the house.

They DO get the blame if they don’t fix it.

Bonehead and co have had the power to get spending under control since they got the majority in the house.

I DO blame them for the mess we are in. They DESERVE it.


34 posted on 12/01/2012 7:13:17 AM PST by cableguymn (The founding fathers would be shooting by now..)
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