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Obama's debt problem (Hussein wants “balanced” approach?)
Politico ^ | 1/03/13 | REID J. EPSTEIN, GLENN THRUSH |

Posted on 01/03/2013 2:14:42 AM PST by Libloather

President Barack Obama won’t be able to enjoy much of a victory lap from his win over congressional Republicans on the fiscal cliff fight.

There are about 16.4 trillion reasons why.

**SNIP**

Former Clinton administration official Alice Rivlin, a member of Obama’s defunct deficit commission, says Obama “understands the [deficit-reduction] issue” but “he’s got to deal with his own left wing, which is not enthusiastic about doing it. The real problem … is that Social Security has become kind of [a] no-no” to liberals.

In a video message to his 2012 campaign supporters released Wednesday, Obama offered few specifics on how he’d approach the coming fight. He reiterated his call for a “balanced” approach to deficit reduction despite a cliff deal that contains only a few billion in cuts and may add hundreds of billions to the debt in coming decades, according to the Congressional Budget Office.

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


TOPICS: Crime/Corruption; Editorial; Government; News/Current Events
KEYWORDS: debt; deficit; hussein; trillion
Obama offered few specifics

Mr. Transparency never does.

1 posted on 01/03/2013 2:14:56 AM PST by Libloather
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To: Libloather

Obama field tested the new meme the other day: We’ve already cut 2 Trillion from the budget over the last two years. We already did the spending cuts!


2 posted on 01/03/2013 2:24:07 AM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Cyber Liberty
"Obama field tested the new meme the other day: We’ve already cut 2 Trillion from the budget over the last two years."

What budget?

3 posted on 01/03/2013 2:27:17 AM PST by circlecity
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To: Libloather

Its impossible to cut entitlement spending.

Disabled individuals who live on $710 a month Social Security - I don’t see why they should have to give their COLA back when the politicians just awarded themselves a massive pay raise!

They don’t consume any luxuries. There’s plenty of fat to trim in Washington. Just don’t take away from the most vulnerable what they need to survive.


4 posted on 01/03/2013 2:30:23 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Libloather

“Former Clinton administration official Alice Rivlin, a member of Obama’s defunct deficit commission, says Obama “understands the [deficit-reduction] issue”

6 Trillion in new debt...She needs to take this comedy act on the road.


5 posted on 01/03/2013 2:52:02 AM PST by Artie (We are surrounded by MORONS)
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To: Cyber Liberty

“Obama field tested the new meme the other day: We’ve already cut 2 Trillion from the budget over the last two years. We already did the spending cuts!”

The spending cuts were supposed to start Jan 1 of this year. The fiscal cliff bill delayed the cuts by 2 months, and the cuts will likely be delayed again. Yet there he is, taking credit for something that hasn’t happened and that he’s trying to prevent from happening.


6 posted on 01/03/2013 3:03:14 AM PST by arista
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To: Artie
Obama “understands the [deficit-reduction] issue”

Yeah, he just has no plans to do it.

Mrs. RWA and I understand how we could increase our deficit by spending all our income and maxing out all our credit cards, we just have no plans to do it.

7 posted on 01/03/2013 3:14:03 AM PST by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Libloather

Physical.


8 posted on 01/03/2013 4:16:50 AM PST by gotribe
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To: arista
He said the cuts have already happened over the past two years. He said that at the rally/speech 12/31. "We have already cut two Trillion over the past two years, so that's in the past, it's done."
9 posted on 01/03/2013 4:52:07 AM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: circlecity

‘Zackly. There’s been no budget yt two Trillion was cut. How can one tell if there’s no budget? It’s like driving somewhere unknown with no road map, nothing to measure progress against. One can claim anything and sound sage.


10 posted on 01/03/2013 4:54:19 AM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: goldstategop

“Its impossible to cut entitlement spending.”

If you rob Peter to pay Paul, you will always have the support of Paul. This country reached a tipping point; 51% are Paul, and 49% are Peter. Obama didn’t just buy re-election with freebies; he has secured the future for the Dems with it. If enough (51%) people are getting freebies, the Dems will own government for the foreseeable future.


11 posted on 01/03/2013 5:25:42 AM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Cyber Liberty
"It’s like driving somewhere unknown with no road map, nothing to measure progress against."

And claiming "We're almost there"

12 posted on 01/03/2013 6:20:28 AM PST by circlecity
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To: circlecity

Or “We just passed it!”


13 posted on 01/03/2013 6:26:26 AM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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