Skip to comments.Obama to ask business leaders to push Congress to raise debt limit
Posted on 09/18/2013 3:44:19 AM PDT by markomalley
President Barack Obama will appeal to business leaders on Wednesday to urge Congress to approve an increase in the U.S. debt limit and avoid a default that is possible as early as mid-October.
Obama is to address the Business Roundtable as part of a renewed push to focus on domestic budget and economic issues after a month dominated by foreign policy.
The U.S. Treasury is expected to exhaust measures to avoid exceeding the $16.7 trillion debt limit as soon as mid-October. If the cap is not raised, the United States will not be able to pay all of its bills and would go into default.
Obama will tell business leaders that they should pile pressure on Congress, which must vote to increase U.S. borrowing capacity, to avoid a default.
(Excerpt) Read more at ca.news.yahoo.com ...
Business leaders would be the first to acknowledge that raising the debt ceiling, the amount of debt beneath the ceiling, would not be something they would advocate simply on principle.
“Obama will tell business leaders that they should pile pressure on Congress”
It is time to drain the cesspool in Washington. Time to take the checkbook away from Obama and shut off his wasteful giveaways to foreign countries and fraudulent funding to green industries in the US.
Oh yeah... corporate hacks from great companies like BP and Goldman Sachs... a parade of wall street pimps and con-men... piss up a rope ya kenyan turd!
AND THE ARMING OF OUR ENEMIES IN SYRIA... AL QAEDA, MB, HAMAS AND HEZBOLLAH.
I think they'll look at lost government contracts or subcontracts. Or loss of revenue from their customers who are, in turn, dependent upon massive government spending.
Yes Barry. Call up your buddy Immelt, whos company paid no corporate income taxes last year, and tell him to urge taxpayers to empty their pockets once more for the holy government.
Wouldn’t a normal President go and try to work with Congress, instead of demagoging (sic?) every issue? TOTUS gets tiresome...
Keep dishing out the Obamaphones, EBT cards, Social Security disability, food stamps, etc. and just let that old debt limit keep climbing. After all, Obama, there’s nothing like a broke United States!
I believe the argument is raise the debt limit and fund Obamacare.
The Congress will not do both .
Obama is urging raising the debt limit and funding Obamacare.
If they separate the two I believe the House will pass the debt mimit raise without a problem.
Obama wants it all.
They will. They are the ‘job creators’
They want amnesty too.
Golf Clown, B. Hussein Obama wants to shut down the US Federal Government so that he will have more free time to play Golf, away from the fog of responsibility.
Party on, Golf Clown, party on!
Impeachment file on B. Hussein Obama, aka Barry Soetoro, a legal citizen of the sovereign Nation of Indonesia.
He loves being on the “down low” with reggie too!
Yep. Those one percenters will all do what they’re told to do. That’s how they stay in the one percent. It’s the “small business” leaders who get screwed.
Why not have the true Republicans request a BINDING, updated, Federal Financial Impact Statement for 2012-2013 for Obamacare?
It should take a month or two to complete, allow for a vote to delay Obamacare for a year, and then show the great financial harm to our Economy that the Statements numbers will document.
Wharton, Stanford, Michigan and Princeton could also file their independent Financial Impact Statements to compare to the Office of Budget and the Congressional Budget Office Financial Impact Statements.
As B. Hussein is fond of saying: We need to get all the facts first.
ipso facto, if our “representatives” vote themselves an exemption, are we not “exempt” as well.
obama no care.