Obama: GOP wants to 'extort' me with shutdown threat

Speaking to a group of some of the nation's most powerful corporate executives at the Business Roundtable, Obama said Republicans were pursuing an "ideological fight … that says we're not going to pass a budget and threaten a government shutdown unless we repeal the Affordable Care Act."

Everything Obama, Pelosi and Reid have done to us has been ideological and contrary to this Nation's founding. It makes you wonder if Obama's forked tongue lurched from his mouth in pursuit of a fly immediately after spewing such tripe.

Obama implored the gathering of CEOs to use "your influence in whatever way you can to get back to what used to be called regular order around here," arguing that the threat of "apocalypse every three months" was hurting the American economy.

Nice to see President Crony is unleashing his Capitalist guard dogs on his opposition. Perhaps this is finally the manifestation of transparency he centered his 2008 campaign around. Too bad 'we the people' aren't even considered in this fight.

But, Obama said, the debt ceiling always got raised. He asked business leaders to imagine the reverse — if a Democratic Speaker of the House threatened to default if corporate income taxes weren't raised 20 percent.

Right. The justifiable argument for saddling our Country's future generations with even more debt is, 'it's the historical thing to do'. And if that isn't reason enough, we should do it because In November 2012 when Pelosi threatened there would be no deal on the fiscal cliff if taxes weren't raised on the rich, it wasn't a threat against Corporations.

"I'm happy to negotiate with them around the budget, just as I have done in the past," Obama said. "What I will not do is create a habit, a pattern, by which the full faith and credit of the United States becomes a bargaining chip."

By negotiate, is Obama referring to the kind of negotiating he did in March of 2012 over the debt ceiling where he made a deal and then reneged after he realized he would totally piss of his liberal base so he told everyone Boehner changed his mind only to be outed by WaPo through his staffers? That kind of deal?

Obama said passing reform "can add potentially a trillion dollars to our economy" and aid the business leaders' bottom lines.

In the same way food stamps and unemployment checks create jobs?

In peacetime, arguably the only tangible presence of the federal government in most communities should be the mail services. This is because mail services are one of the only intrastate-related powers that the Founding States delegated to Congress via the Constitution, evidenced by Clause 7 of Section 8 of Article I.

In other words, most other federal government services, such as Medicaid and SSN, are actually based on 10th Amendment protected state powers which corrupt Congress has stolen from the states.

An interesting problem with these constitutonally indefensible federal services is the following. Since most of us have grown up with family members who rely on these illegal federal services, we wrongly think that they must somehow be constitutional and thus don’t question them.

But the Constitution, particularly the 10th Amendment, gives the states the first choice of implementing programs like Medicaid and SS, depending on what the voters in a given state want. And the states can always amend the Constitution to grant Congress the specific powers to establish such programs nationally.

But as a consequence of corrupt lawmakers taking advantage of constitutionally ignorant voters, voters who don’t know anything about the Constitution’s division of federal and state powers, corrupt federal lawmakers have so far gotten away with stealing the authority of the state governments to regulate, tax and spend for such programs, using such programs to buy votes to remain in power.

What a mess! :^(

Senator Barack Obama, March 2006
"Mr. President, I rise today to talk about America’s debt problem. The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’
That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. Some people may wonder why they matter.
Here is why:
This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America. And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.
Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans—a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies. But we are not doing that. Despite repeated efforts by Senators CONRAD and FEINGOLD, the Senate continues to reject a return to the commonsense Pay-go rules that used to apply. Previously, Pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending.
As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them.
Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next 5 years. That is why I will once again cosponsor the
Pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again.
Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 Presidents 224 years to run up only $1 trillion of foreign- held debt. This administration did more than that in just 5 years. Now, there is nothing wrong with borrowing from foreign countries.
But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours.
Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘‘the buck stops here.’’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.
America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit."
-Senator Barack Obama, March 2006

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