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Obama: Give Me Debt Ceiling Power Or Iíll Veto My Own Tax Proposal
freedom outpost ^ | 12-6-12 | tim brown

Posted on 12/06/2012 5:54:54 PM PST by TurboZamboni

In case there is still anyone out there that continues to believe that the 2008 campaign lines that Barack Obama gave about changing the way Washington works, stopping “politics as usual,” and providing more transparency in government are true, then get a load of this. On Wednesday, Obama demonstrated just how partisan and how much of a power grabber he is. He indicated that if he were not given unlimited powers to raise the debt ceiling, apart from Congressional approval, that he might just veto his own tax hike proposal should it come to his desk.

As Obama addressed corporate CEOs at the Business Roundtable, he told them that business leaders “should not accept going through” another debt-ceiling crisis like the one that occurred in 2011, which caused stocks to fall and ended with the first U.S. credit rating downgrade.

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


TOPICS: Constitution/Conservatism; Government; News/Current Events
KEYWORDS: ceiling; debt; obama; spending
Image Hosted by ImageShack.us

1 posted on 12/06/2012 5:54:59 PM PST by TurboZamboni
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To: TurboZamboni

I do truly believe Obama is insane.


2 posted on 12/06/2012 5:57:57 PM PST by Sacajaweau
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To: TurboZamboni

Go ahead, Repubs.

Do it and you’ll own CW-II.


3 posted on 12/06/2012 5:59:12 PM PST by Da Coyote
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To: Sacajaweau
I do truly believe Obama is insane.

Quite possibly so, his arrogance has no bounds.

4 posted on 12/06/2012 6:01:34 PM PST by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: TurboZamboni

5 posted on 12/06/2012 6:03:01 PM PST by TigersEye (Who is John Galt?)
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To: Sacajaweau

Since automatic 7% annual increases are built into the federal budget, any “cuts” to the budget would have to be more than 7% per year to achieve a net reduction in spending. A reduction in the rate of growth is not a cut.

In DC speak, only increasing spending x% after proposing a y% increase is a “cut”.

Congressional Budget and Impoundment Control Act of 1974
Balanced Budget and Emergency Deficit Control Act of 1985
Budget Enforcement Act of 1990
Balanced Budget Act of 1997.

How many MORE “Acts” need to be legislated so that we actually have a Balanced Budget? The really sad part is that after the HUGE TARP bill, the Stimulus bill and Obama’s budgets, if you only talk about cutting hundreds of billions, you are now talking about chump change.

Have you noticed that the media doesn’t even dare to utter the word “default”?

Or when the word is mentioned, it is preceded by the word “disastrous” or “cataclysmic.”

The reason why default is never mentioned as a possibility by the Socialist media, is because default will destroy U.S. gubmint credit, making it impossible for gubmint to borrow. (Maybe) It would force balanced budgets for a generation?

Socialists prefer inflation, which is disguised taxation, or even austerity. But a Keynesian’s worst nightmare is a government unable to borrow money.


6 posted on 12/06/2012 6:04:03 PM PST by TurboZamboni (Looting the future to bribe the present)
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To: TurboZamboni

Don't move or....

7 posted on 12/06/2012 6:05:57 PM PST by PeaceBeWithYou (De Oppresso Liber! (50 million and counting in Afghanistan and Iraq))
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To: Sacajaweau

>> I do truly believe Obama is insane.

What will it say about Boner when Boner rushes to comply with the megalomaniac’s wish?


8 posted on 12/06/2012 6:06:34 PM PST by Nervous Tick ("You can ignore reality, but you can't ignore the consequences of ignoring reality.")
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To: Da Coyote

CW II is probably the only thing that would save this country. God help us.


9 posted on 12/06/2012 6:06:40 PM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: TurboZamboni

MOBUTU


10 posted on 12/06/2012 6:07:32 PM PST by dontreadthis
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To: TurboZamboni

Please please please if the GOP does anything, stick to the simple answer of NO! NON-Negotiable, and I believe unconstitutional because Congress cannot assign it’s responsibility away nor encumber another Congress with such a move as abdicating it’s power to control the debt.

Congress implicity approves of debt ceiling increases when it passes budgets that exceed revenue. There is absolutely no reason to give this to Obama. If they allow this, Obama’s next move is to enact tax increased and develop revenue via presidential executive orders.


11 posted on 12/06/2012 6:07:42 PM PST by Usagi_yo
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To: TurboZamboni

It’s stunning arrogance to think that Obama wants Congress to cede Congressional Constitutional power to the executive branch ....

I really think he knows that will never happen but asks for the impossible to get what he wants seem to be trivial ...


12 posted on 12/06/2012 6:08:41 PM PST by JZoback
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To: TigersEye

You took the image right out of my neuronz!!


13 posted on 12/06/2012 6:08:52 PM PST by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: ought-six

It’s already started. What Obama and the democrats are doing is nothing short of an attack on this country.

The shooting has yet to start but I suspect it’s just a matter of time.


14 posted on 12/06/2012 6:09:45 PM PST by cableguymn (The founding fathers would be shooting by now..)
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To: TurboZamboni

His aim is the take the power of the purse away from the House of Representatives. This leads directly to tyranny. Better to have all the taxes go up on January 1st.


15 posted on 12/06/2012 6:09:59 PM PST by cotton1706
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To: TigersEye

Classic!


16 posted on 12/06/2012 6:10:37 PM PST by Usagi_yo
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To: Attention Surplus Disorder; PeaceBeWithYou
I hope that didn't hurt! ;^)

It's the perfect metaphor from popular culture.
Nothing else could come as close.
And it's going to work just like it did in the movie.

17 posted on 12/06/2012 6:11:52 PM PST by TigersEye (Who is John Galt?)
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To: TurboZamboni

I want to know how they increase the budget 7% every year when they haven’t passed a budget in 3 years!

That should not be legal.


18 posted on 12/06/2012 6:12:14 PM PST by GeronL (http://asspos.blogspot.com)
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To: ought-six

>> CW II is probably the only thing that would save this country. God help us.

You named the alternative to CW II at the end of your post.

“...if my people who are called by my name humble themselves, and pray and seek my face and turn from their wicked ways, then I will hear from heaven and will forgive their sin and heal their land.” 2 Chron 7:14

This is the promise of Almighty GOD, but it comes with conditions. Are we Christians and Jews willing to do what is necessary?

GOD help us, indeed.


19 posted on 12/06/2012 6:13:22 PM PST by Nervous Tick ("You can ignore reality, but you can't ignore the consequences of ignoring reality.")
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To: TurboZamboni
"The reason why default is never mentioned as a possibility by the Socialist media, is because default will destroy U.S. gubmint credit, making it impossible for gubmint to borrow. (Maybe) It would force balanced budgets for a generation?"

Unfortunately no. Much of our debt is already simply bought by the Federal Reserve Bank. Obama wouldn't have any compunction simply having all the debt rolled over to the Fed and we would just monetize it even faster. Of course, we would go the way of Wiemar Germany, but Obama would still be spending more and more.

20 posted on 12/06/2012 6:18:16 PM PST by Truth29
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To: TurboZamboni

Hussein wants the same dictator power as Pharoah Morsi in Egypt has. It does not matter what the law is.

Congress does not have to do anything. Obama ignores the law anyway. If he says the debt goes to 20 Trillion now and he is giving himself a 4 trillion raise, so be it. Who is going to stop it? The Senate? The Supreme Court? Nobody will stop him from outspending the debt ceiling. It is meaningless.

Obama currently outspends government revenue by $2 Trillion per year anyway. So he needs a 25 Trillion ceiling just to finish out his Second Term, at the current spending rate.

Go ahead veto your tax proposal Mr Kenyatta. It is the spending problem you have that you need to worry about. Not having the revenue does not seem to be your issue. Fiscal cliff indeed.


21 posted on 12/06/2012 6:18:16 PM PST by FlyingEagle
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To: Attention Surplus Disorder
Boehner is the 'common clay.'
22 posted on 12/06/2012 6:18:33 PM PST by TigersEye (Who is John Galt?)
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To: TurboZamboni

No, he’s not insane, he’s quite sane. He’s playing the ultimate game, he’s seeing exactly how far he can go, and what he can get away with; and dragging the Repubs and Dems along with him (or seeing exactly WHO he can drag and how far). I really pray that the Repubs are not STUPID enough to fall for this, and I’m a little scared that a few are that STUPID.


23 posted on 12/06/2012 6:52:03 PM PST by Thorliveshere
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To: TurboZamboni
This man has been given everything he ever wanted from childhood to now.

He is acting like an entitled dictator.

Will congress try to slow his grasp for power?


24 posted on 12/06/2012 6:56:45 PM PST by garjog (Heroes Died. Obama Lied.)
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To: TurboZamboni

Obama Regime Labor Union, (ORLU), makes demands to get more spending money, or will go on the Obama Spending Cliff strike.


25 posted on 12/06/2012 7:00:54 PM PST by Graewoulf ((Traitor John Roberts' Obama"care" violates Sherman Anti-Trust Law, AND the U.S. Constitution.))
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To: TurboZamboni

This is where we will find out if the Re[publican Party is owned by the same people who own the Democrat Party. f so those people belong to the Communist Party. It is as simple and as sad as that.


26 posted on 12/06/2012 7:04:32 PM PST by Paperdoll
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To: TigersEye

What movie is that from?


27 posted on 12/06/2012 7:21:23 PM PST by tbw2
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To: TurboZamboni

fine. veto it. the american public will eventually turn on obamugabe.


28 posted on 12/06/2012 7:24:28 PM PST by SoFloFreeper
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To: tbw2

Blazing Saddles.


29 posted on 12/06/2012 7:24:36 PM PST by US_MilitaryRules (Unnngh! To many PDS people!)
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To: TurboZamboni

We’ve got to get back to a real currency standard, that is the only way to really control government spending. With a real standard, the government doesn’t have the option to spend first and pay later, because they can’t print money on demand. Plus, there would be no more hidden tax of perpetual inflation foisted on us.

The worst we would probably have to worry about was obtaining enough of whatever backing we use to keep up with the growth of the economy and avoid currency shortages. Heck, our money could actually increase in value for once, if demand for the backing exceeded supply.


30 posted on 12/06/2012 7:24:55 PM PST by Boogieman
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To: Sacajaweau

Most dictators are.


31 posted on 12/06/2012 7:26:42 PM PST by jersey117
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To: TurboZamboni
This is plain and simple nothing more than TERRORIST MENTALITY.

In case you've forgotten, that's the mentality that says, "I'll destroy myself in order to destroy you."

Obozo is really beginning to press his luck and he has NOT yet been sworn in for a 2nd term.

32 posted on 12/06/2012 7:34:13 PM PST by VideoDoctor
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To: TigersEye

Blazing Saddles..... LOL!
That’s what I tbought of, too.


33 posted on 12/06/2012 7:56:29 PM PST by silverleaf (Age Takes a Toll: Please Have Exact Change)
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To: TurboZamboni

34 posted on 12/06/2012 8:12:11 PM PST by tumblindice (America's founding fathers: All armed conservatives.)
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To: TurboZamboni; Gilbo_3; Kaslin; maica; blueunicorn6; Cyber Liberty; doc11355; nomobs; NTHockey; ...
RE :”In case there is still anyone out there that continues to believe that the 2008 campaign lines that Barack Obama gave about changing the way Washington works, stopping “politics as usual,” and providing more transparency in government are true, then get a load of this. On Wednesday, Obama demonstrated just how partisan and how much of a power grabber he is. He indicated that if he were not given unlimited powers to raise the debt ceiling, apart from Congressional approval, that he might just veto his own tax hike proposal should it come to his desk.

You see?
And some Rs want to make it easy for him to blame Republicans for hiking taxes on the middle class. Some actually want to hold those middle class <=$250K tax cuts hostage for some unknown principle in a battle that cant be won, and be exactly what O has accused them of for 4 years.

Call Os bluff. (The House) Extend the tax cuts for <$250K and declare victory, middle class saved and the crisis over. Tell O to go to hell on the rest.

Come on folks, this is so obvious.

Yes I know Rush is really upset that he will have to pay higher taxes, Hannity is too. But lets not HELP Obama destroy all effective opposition to him over that.

35 posted on 12/06/2012 8:51:57 PM PST by sickoflibs (Has Bohner caved yet? And called it historic again?)
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To: TurboZamboni

obamma and the RATs create this fiscal cliff because of their asinine policies these past 4 years. Now they are demanding it be fixed! The RATS caused this situation!


36 posted on 12/06/2012 9:14:59 PM PST by rawhide
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To: TurboZamboni

Boehner had damn well better tell Obama to SHOVE IT!!


37 posted on 12/06/2012 9:18:31 PM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: JZoback

Not only is zero’s demand for sole control of the debt ceiling limit preposterous, but also it illustrates an appalling failure to approach these “fiscal cliff negotiations” in anything close to good faith.
Because zero’s demand is so far out in left field (actually not even in the ball park), I see it less as a tactic employed by a seasoned negotiator and more of sign that he does not give a damn about the economy.


38 posted on 12/06/2012 9:22:44 PM PST by BIV (typical white person)
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To: Sacajaweau

He and Pelosi and Reid and.... are all nuts/insane. He doesn’t really have to make good on his threat to veto his own bill because it’s so bad Reid won’t even let it come up for a vote because most of the Dims in the Senate may be rabid liberals, but won’t vote for it.


39 posted on 12/07/2012 2:50:09 AM PST by trebb (Allies no longer trust us. Enemies no longer fear us.)
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To: TurboZamboni

If they give it to him, then they should just shut down Congress and go home.


40 posted on 12/07/2012 6:01:29 AM PST by E. Pluribus Unum ("The more numerous the laws, the more corrupt the state." - Cornelius Tacitus, Roman Senator)
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