Skip to comments.Live Thread: Obama responds to GOP plan (9pm ET/6pm PT)
Posted on 07/25/2011 1:53:10 PM PDT by newzjunkey
Sean Hannity mentioned this prime-time address was announced a few minutes ago.
The AP confirms with a one sentence story at the source link.
jamestaranto James Taranto
#ConsequencesOfDefault Teleprompter keyboardist laid off, so Obama has to give same speech over and over. Oh wait, that already happened.
I was thinking more along the noodle line...
RightonMainSt Mike Merrill
#ConsequencesOfDefault SEIU union goons forced to cough up their own Obama campaign contributions instead of using stimulus money.
That's the difference. If the stuff lays around long enough, it is worth cash. Most of the time when we skip by the Hoarders program, my wife and I remark that they are not hoarders. Just slobs. Who collects half eaten tuna fish sandwiches and stained underwear anyway? People who don't clean.
JeffSechelski Jeff Sechelski
RT @iowahawkblog: #ConsequencesOfDefault President Obama has put Washington Monument under a tarp to hide from Chinese repo men
3 minutes ago
AmericasRight Jeff Schreiber
Hillary Clinton and Janet Napolitano forced to share pantsuits. #ConsequencesOfDefault
As in “limp”? Or wet?
Yes. I agree!
Well, hillary donates them for tax deductions.
History is scattered with the stories of those who held fast to rigid ideologies and refused to listen to those who disagreed.
Like our Founding Fathers, for instance. The blip on the screen does not have a lick of common sense. Not a lick.
Thought that statement was just another case of projection.
As the socialist/communist pillars all over the world come crashing down before his eyes, one would think he might take some time on the golf course to reassess his “rigid ideology” before he hurtles our country headfirst off the cliff and destroys 250 years of what was working.
Somebody told the greenies to save the tuna, So they did. Ain’t their fault. How were they to know it was only supposed to be the live ones?
That’s right no chance of a federal employee getting fired.
So makes for lazy workers....as said ...they drag their feet and do the very minimal the job requires, and that not well. Rather like long term fake disability workers....just milking the system on both ends.
Maybe it's a new equation..like demo/rats=o$b$a$m$a.... cause it looks like this one is going to do just that.
Don’t sweat it...that’s the same thing Geitner and others do on their taxes....make little mistakes.
May God give us strength and guidance.
Haha! I saw the strut and that fits it perfectly!
Obama's sidelined. That's why he's out there. He's got no new plan of his own. He's just whining, on the same broken record of "balanced approach," "shared sacrifice," scaring the sick & elderly, threatening markets, etc. He's gone stale.
The topic came up Monday evening and I was surprised to hear two 2008 Obama voters express they are sick of seeing him on their TVs and another outright say the "no Social Security checks" threat was a lie and it's just SS being used as a pawn.
Unfortunately memories are short and the election still 469 days away.
“demagogic drama queen”
I don’t know why, but I initially read these words as “demogagic drag queen.” In Zero’s case, either term would be spot on, too!
Really nice graphic, but it leaves out the interest on the $15 trillion.
Come on Aug 2...Make My Day
The lying scum, Harry Reid, could propose anything knowing the crimnal-in-chief would veto it and protect the democrat’s agenda. Lying and criminality is all the democrats know. Truth and morality are foreign to the criminal enterprise party.
Sorry, but I have to disagree with you.
When SSA needs cash to make a payment to a SS recipient, they redeem a special Treasury security.
The Treasury is obligated by law to redeem these special securities in full (interest plus principal).
The Treasury takes cash from the General Fund to redeem these securities; if there is not enough cash flow to support the redemption, the Treasury must borrow the money (i.e. sell government debt)
That is why SS is a pay-as-you-go system (or Ponzi scheme, depending on your POV), why the Treasury may not be able to make payments, and why Obama inadvertently told the truth in exposing the lie of a “trust fund”.
No, I do not agree. When SS presents a Treasury security for redemption, the Treasury is obligated to provide repayment of principal and interest in cash. Where does Treasury get the cash to cover a redemption? From general tax receipts, or, if cash flow is off, by selling government debt.
The trust fund contains only IOUs, which the government can only redeem with add’l debt. Obama was telling the truth in this case -
Fedaral employees are so laid back (since there are no grounds for termination) that they have to continuosly hire fresh, enthusiastic young ‘uns to get any work done. It’s an every swelling pyramid of laziness.
What you see is precisely what those who put the post turtle in Washington to accomplish have in mind. You see, one world government and thus one world economy orchestrated by at most eight entities cannot happen so long as the We The People Republic stands. We The People are the thorn in the side of the globalist, so they orchestrate the hiring of the affirmative action pResident who finishes the job of collapsing the Republic. Tens of millions of Holder’s people have been programmed to follow their orders, worship their pretend black man, and ignore all the signposts which clarify the plummet into totalitarian abyss just ahead. Sadly, these same drones will be the easily found and erased useless eaters the commies always slaughter with famine, etc. when absolute power is established through the clamouring of these very same welfare queens and kings. Dependency upon the government is certain death of freedom.
LOL He’s a drag alright!
Was Obama’s statement last night to contact Congress a preplanned Dem event? My emails are not getting thru.
Anyway, I'm being anal - your larger point is spot on. $15 trillion of debt is beyond nightmarish. We have been irrevocably screwed by the socialists - hard to see a way out.
You’re right. The small pallet is “only” $100 Million.
Crap! serves me right, I point out your mistake and make the same mistake myself! first line should have read
“Wait - $100B is 1/10 trillion”
LOL so he was 2 minutes late, I did win and did take advantage of the prize ;) Hard to take that speech without drinking game....
Then I guess you are disagreeing with the Hoover Institute Stanford Economics professor that Mark Levin interviewed yesterday?
Well, come August 2, we'll find out if he's right or you are right. I put my money on him.