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IT'S OFFICIAL: Obama Has Completely Dismantled The Debt Ceiling As A Political Weapon
Yahoo Finance ^ | 2/11/14 | Brett LoGiurato - Business Insider

Posted on 02/11/2014 11:18:31 AM PST by NormsRevenge

If there was any doubt after the government shutdown and last protracted battle over the debt ceiling, this cave from Republicans should make it clear: The debt ceiling is no longer a legitimate political weapon.

House Speaker John Boehner will bring a "clean" debt-ceiling increase to the floor on Tuesday night. For Republicans, it completes an epic swing in positions from 2011, when they first made the debt-ceiling increase a major vehicle to try to force spending cuts from President Barack Obama and Democrats.

Consider the swing: In 2011, Boehner established the rule in his namesake — "the Boehner rule," which required a dollar in cuts for every dollar raised in the debt ceiling. In 2013, the Boehner rule is dead. And in the end, even before Republican leaders conceded and said they would allow a "clean" hike to come to the floor, Republicans were talking about spending increases that would be attached with the bill.

It got to the point last week, when House leaders were considering a method called "pen

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Government; Politics/Elections
KEYWORDS: debtceiling; dismantled; obama; politicalweapon
Blow-d it up, good, Real good!
1 posted on 02/11/2014 11:18:31 AM PST by NormsRevenge
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To: NormsRevenge

It’s too late to make debt an issue. Both parties are to blame. Why take the total blame for the collapse?
Prepare yourself and your loved ones to get out of the way. When interest rates go up, and they will, when, who knows....
It’s going down. I’m yelling timber.


2 posted on 02/11/2014 11:25:22 AM PST by griswold3 (Post-Christian America is living on borrowed moral heritage)
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To: FReepers

Click The Pic To Donate

Support FR, Donate Monthly If You Can

3 posted on 02/11/2014 11:27:49 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: NormsRevenge

The debt ceiling should not be a political weapon. In a grown-up world, it should be addressed by sound fiscal policy, which is completely absent in this administration.

I want fiscal responsiblity. However, that ain’t happening until this evil administration’s hands are tied. And that’s not happening until the opposition controls more than 1/2 of 1/3 of the federal government.

Winning in November trumps a futile fight that would only give 0 another chance to divert the conversation from his incompetency.


4 posted on 02/11/2014 11:30:53 AM PST by Jedidah
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To: NormsRevenge

The day it’s passed all Republicans should wear black armbands. Declare a day of shame. Call on Americans to elect Republicans and pledge to stop the madness.


5 posted on 02/11/2014 11:34:14 AM PST by DManA
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To: griswold3
It’s going down. I’m yelling timber.

Ha. Okay, Ke$ha.
6 posted on 02/11/2014 11:39:14 AM PST by andyk (I have sworn...eternal hostility against every form of tyranny over the mind of man.)
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To: DManA

Every time the kenyan browbeat the GOP over “paying our bills” Boehner should have shoved it right back in his face. The fact is every other POTUS has negotiated this stuff. Boehner rarely did say a word back and never on a consistent basis.

What we have here is a standard preemptive surrender by the stupid party. Been there, done that.


7 posted on 02/11/2014 11:40:11 AM PST by lodi90
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To: DManA

The current Republican Congress members are just as guilty as the Obama admin regarding the debt ceiling. They don’t want to quit spending money, either.

The whole thing will have to blow up before anything changes, imo.


8 posted on 02/11/2014 11:42:09 AM PST by ltc8k6
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To: NormsRevenge
Hard to have any political leverage when past Repub Presidents ignored previous “ceilings” and pushed to “raise the roof”. Now look at what the “party” has caused, massive interest payments that are inching closer to the most expensive expenditures in the budget.
9 posted on 02/11/2014 11:48:06 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
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To: Jedidah
However, that ain’t happening until this evil administration’s hands are tied the electorate grow up and start voting for sound responsible representatives that neither Democrats and Republicans can claim they have (Especially in leadership positions).
10 posted on 02/11/2014 11:53:36 AM PST by rollo tomasi (Working hard to pay for deadbeats and corrupt politicians.)
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To: rollo tomasi

It’s like a remake of The Blob.

There is no escaping its tentacles or the oozy things that come out of it.

Time for a major freeze..


11 posted on 02/11/2014 11:56:44 AM PST by NormsRevenge (Semper Fi)
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To: ltc8k6
The current Republican Congress members are just as guilty as the Obama admin regarding the debt ceiling. They don’t want to quit spending money, either.

John Cornyn's ads make me want to puke...talking about how he stands up to Obama every day.

After watching his performance over the past several years, IMHO John Cornyn is a "Terracotta Senator".

12 posted on 02/11/2014 11:57:11 AM PST by Night Hides Not (For every Ted Cruz we send to DC, I can endure 2-3 "unviable" candidates that beat incumbents.)
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To: NormsRevenge

Why even have a debt ceiling? It means nothing to the spendaholics in DC. After all, it’s not their money they’re spending.


13 posted on 02/11/2014 11:59:05 AM PST by Organic Panic
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To: Organic Panic

Why the hugh debt?

Exactly what you’re saying.

It’s not like they have to pay it back personally.

And the fact, great great great great great grand kids will

WE elect the dumbest it seems. It reflects the herd.


14 posted on 02/11/2014 12:02:57 PM PST by NormsRevenge (Semper Fi)
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To: NormsRevenge

In effect the election of a Republican House in 2010 had zero impact. The Republicans have caved on every issue while happily being beat up for being obstructionists. In hindsight we’d have been better off with a Democrat majority, and Pelosi as Speaker. That way the 2016 elections would have the Democrats running 100% on their record and results. Now they’ll blame the bad economy on Republicans preventing Obama from getting his way.

As for the Republican minority in the Senate. . .

Meanwhile the nation goes into the abyss.


15 posted on 02/11/2014 12:04:18 PM PST by Soul of the South (Yesterday is gone. Today will be what we make of it.)
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To: NormsRevenge

This lying commie anti-american bastard used the debt ceiling as a weapon while Bush was president.

F-the media.

I cannot stand the double standard with the Golden Child who is deliberately stealing this nation’s wealth.

WE DO NOT HAVE THIS MONEY. HE’S SPENT MORE OF IT THAN ANYONE ELSE.

HE HAS NO INTENTION OF EVER PAYING IT BACK.

RIP what was once a great nation.

Adults are no longer in charge or willing to speak up.


16 posted on 02/11/2014 12:04:27 PM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: NormsRevenge

“In 2013, the Boehner rule is dead.”

It died last year, in a blizzard of media hatred blaming republicans for Obama’s refusal to negotiate on anything.

That meme survives, and if anything, has just been reinforced by the media, so now even the most uninformed sheeple believes it.


17 posted on 02/11/2014 12:06:24 PM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: griswold3

The so called debt ceiling is a joke, has been for a long time. The US can’t do anything but go further in debt forever. There is no possible way except for reneging on the debt. Which wouldn’t help anyway because the spending will still exceed income forever.

Even worse, the debt hasn’t be accurately reported in.....well, never.

We have a semi secret non governmental entity printing money to “buy” government debt as well as set monetary policy. This entity supposedly holds US gold and leases it out to manipulate gold prices and prop up the dollar. But we are not allowed to audit this entity, nor are we allowed to question it in any way.

The government holdings of gold at Ft. Knox are secret, no audit of them in over 50 years. No one knows what is there. The Democrats say that 11 million dollars (what a joke coming from them)is too much to spend to inventory this gold we supposedly have.


18 posted on 02/11/2014 12:07:24 PM PST by ChildOfThe60s ((If you can remember the 60s.....you weren't really there)
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To: NormsRevenge

Whenever the rare opportunity to reduce the size of the Spendaholic Federal Government approaches a decision point, the unchallenged and therefore invincible Obamanation Congressional Format, ( OCF ), unfolds flawlessly as follows:

* Permissive, weak and cowardly Speaker “Doormat” Boehner proclaims that THIS time he will protect and defend the US Constitution;
* “Assistant Doormat” Cantor will nod like the bobble head lap dog that he is;
* Cave-In, Con-Artist Ryan will make a side deal with his Pelosi Pals;
* “Rubberstamp” Reid will then approve whatever the Pelosi Pals have shamed Ryan into ramming through the House;
* Lazy, Anti-Work Obama will say “The OCF worked again! That was sooooo EASY!”
* The Left Stream Media will gently boo Boehner, while mildly applauding his “Bipartisan” Leadership;
* “Doormat” Boehner will then slink off sobbing, relieved that he dodged another major tongue-lashing from the Left Stream Media;
* Karl Rove will go on FOX and say “The Moderate House Republicans are showing that they are willing to work with Obama;”
* Krauthammer will go on FOX and say “Unbelievable;”
* The Conservative voters will say:
*** “Yup, permissive RINOs are no match for the Commies, Socialists and Democrats in Congress.
*** We are doomed to feel sorry for ourselves, again.
*** What shall we do?
*** Sigh - - - - .”

BTW, Boehner, Cantor and Ryan are all heavily favored to win re-election to their well-worn House seats in 2014 - - - - .

_____________

The voters in Boehner’s Ohio House District vote Boehner into the US House, and the US House Members vote to choose THEIR Speaker.

Weak, cowardly, permissive “Doormat” Boehner thus fairly represents our weak, cowardly, permissive, doormat RINOs.

The voters in Ohio are simply overjoyed that the US House RINO Members have loyally continued to keep in place a weak, cowardly, permissive, doormat Speaker who has ALWAYS caved in to Obama.

Boehner’s Speakership is safe, as our House RINOs just love to Cave In to Commies, Socialists, Democrats, and especially to Obama.

_____________________

Oops, I feel a “Boehner” coming on! Please pass the Kleenex! Sob!

No, No! The Charmin is for an Obama!

Kleenex is for a Boehner! Sob, sob, sob - - - - - .


19 posted on 02/11/2014 12:10:30 PM PST by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: DManA

“Call on Americans to elect Republicans and pledge to stop the madness.”

Too many on the “FREE SCHIT!!” dole for that now, I fear...

I can already see the “REPUBLICANS WANT TO STARVE YOUR KIDS!!!” commercials, plugs in TV comedy shows, and attacks by the late-night comics.

We no longer live in a Republic, but an IDIOCRACY, where the majority of males under 40 get their primary news from the Daily Show, and TMZ.


20 posted on 02/11/2014 12:10:46 PM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: Graewoulf

The House RINO have given up again, ——everything seems to be in place now - - - - .

We even have “Doormat” Boehner in place as the whiney, wimpy, Whimper-Speaker!

FORWARD!, into the abyss of Obamanation!

Yo-Dee-Ho! Yo-— Ho!
Yo-Dee-Ho! Yo-— Ho!
Yo-Dee-Ho! Yo-— Ho!


21 posted on 02/11/2014 12:11:12 PM PST by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: NormsRevenge

22 posted on 02/11/2014 12:11:46 PM PST by Manic_Episode (GOP = The Whig Party)
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To: Soul of the South

The only reason there is a GOP majority is that a bunch of carpet bagging careerists moved across the aisle and into the GOP tent. These Reps do not have a conservative bone in their bodies and elect leaders like John Boehner.


23 posted on 02/11/2014 12:11:49 PM PST by lodi90
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To: Jedidah

True, but at this point cutting off his money is the only leverage Congress has over Obama ruling like a dictator.


24 posted on 02/11/2014 12:13:06 PM PST by Buckeye McFrog
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To: Manic_Episode

http://www.replacethespeaker.com

Thank you Senate Conservatives Fund!!

Check the Whip List for your Rep. Do they support replacing Bonehead? Call and school or thank them! Phone numbers provided at link.

25 posted on 02/11/2014 12:13:19 PM PST by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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To: Jedidah
...that’s not happening until the opposition controls more than 1/2 of 1/3 of the federal government....

And that's not happening until there is an opposition. If you think the RNC wants to fund the government responsibly you are not paying attention.

26 posted on 02/11/2014 12:18:35 PM PST by nitzy
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To: griswold3

When hyperinflation finally hits, and the price for a loaf of bread is $500, the national debt (payable in constant dollars) will not seem nearly as scary. Even the interest will be manageable when inflation hits 1,000%.
Of course, we may all be dead in the streets at that point from the social chaos that would result.


27 posted on 02/11/2014 12:31:02 PM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: NormsRevenge

It’s TEOTWAKI and I feel fine.


28 posted on 02/11/2014 12:33:20 PM PST by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: nitzy

Oh, I’m paying plenty of attention. The fundamental reason (other than controlling only 1/2 of 1/3 of the government) that there is no brake on Obama is that there is no organized and coherant opposition.

That applies both to Republicans and to the fragmented and confused conservative and libertarian splinters who yearn for power.

There’s enough combined force there to take our country back, but an inability to unite on the big issues and work out the fine points later. There’s too much finger-pointing and name-calling to get anything done.

Sad times.


29 posted on 02/11/2014 12:39:39 PM PST by Jedidah
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To: lodi90

The purpose of installing Obama/Boehner was LOOTING THE USA.

They’re going for one last trunkful of cash before Arpaio blows the lid off WHO ‘Obama’ really is, and we get either........

FALSE FLAG >> MARTIAL LAW

or

INDICTMENTS >> CONGRESSIONAL SHOW TRIALS


30 posted on 02/11/2014 12:46:29 PM PST by LyinLibs (If victims of islam were more "islamophobic," maybe they'd still be alive.)
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To: NormsRevenge
Is there any hill Boner is willing to defend?

Please. Just one?

31 posted on 02/11/2014 12:46:29 PM PST by Gritty (Inside every liberal is a totalitarian screaming to get out! - David Horowitz)
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To: Jedidah
..."The debt ceiling should be met by sound fiscal policy"....

'Congressional fiscal policy'..


32 posted on 02/11/2014 12:51:45 PM PST by caww
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To: Gritty
'Hit the road Jack...there're ain't gonna be no more, no more, no more, no more,!


33 posted on 02/11/2014 12:58:43 PM PST by caww
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To: NormsRevenge

I don’t know why they even bother with this charade. They will obviously raise it to astronomical levels each time. Seems like there is always a consensus that they will raise it substantially no matter what.


34 posted on 02/11/2014 2:33:08 PM PST by castlegreyskull
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To: NormsRevenge
The whole CONgress has gone rogue!

The Repellican "leadership" will not stand in it's way until long after our national weakening!

By then it'll be way too late!!!

I'm workin on gittin ready for Jesus to return because there will be no other decent nation to live in under heaven when this one is GONE!!!

35 posted on 02/11/2014 3:09:15 PM PST by SierraWasp (Democrats these days are the "Glitches" in America's way of life and culture!!!)
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