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Obama requests $1.2T increase in debt ceiling (Obama needs more taxpayer's money to buy votes)
Fox News ^ | 1/12/2012 | fox news

Posted on 01/13/2012 3:44:33 AM PST by tobyhill

President Obama is kicking off 2012 with an uncomfortable but inevitable request -- for Congress to permit another $1.2 trillion increase in the debt ceiling.

With the U.S. debt at about $15.2 trillion, it is now estimated to be larger than America's entire economic output. The proposed increase would boost the debt ceiling to $16.4 trillion, which should be enough to allow the government to keep borrowing until the end of 2012, or just after the presidential election.

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


TOPICS: Extended News; News/Current Events
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1 posted on 01/13/2012 3:44:40 AM PST by tobyhill
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To: tobyhill

So, Obama is adding over a trillion dollars to our debt every 4 months or so now? This is sheer insanity and a hard rain is gonna fall.


2 posted on 01/13/2012 3:47:33 AM PST by circlecity
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To: tobyhill
I thought the addition to the credit limit in AUGUST was supposed to be enough of an increase to see the budget through the election, and/or all of 2012.

Maybe they will be calling this QE3 before long.

3 posted on 01/13/2012 3:51:52 AM PST by willgolfforfood
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To: tobyhill

President Obama is kicking off 2012 with an uncomfortable but inevitable request — for Congress to permit another $1.2 trillion increase in the debt ceiling.

If congress allows itself to be snookered again...


4 posted on 01/13/2012 3:51:54 AM PST by wita
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To: tobyhill

Someone has to find the balls to cut off the drug supply to this addict!

WTF has happened to everyone...how can anyone imagine this could all end well!?


5 posted on 01/13/2012 3:53:41 AM PST by Bobalu (Newt is just the a-hole we need at a time like this)
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To: tobyhill

You see how much effect that spending is having on the unemployment rate-zero!


6 posted on 01/13/2012 3:53:46 AM PST by fortheDeclaration (All that is necessary for the triumph of evil is that good men do nothing. Burke)
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To: wita

Why not? They abrogated responsibility long ago. And they’ll let him blame it on Bush.


7 posted on 01/13/2012 3:55:12 AM PST by theDentist (FYBO/FUBO; qwerty ergo typo : i type, therefore i misspelll)
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To: tobyhill

Make it stop - please, somebody, MAKE IT STOP!!!


8 posted on 01/13/2012 3:56:26 AM PST by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
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To: tobyhill

My gosh, when is this insanity going to end?


9 posted on 01/13/2012 3:59:28 AM PST by mmanager (Reagan Revolution + Republican Revolution = Bury Obama in 2012 - Go Newt!)
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To: tobyhill
I'm not sure how to stop this guy. Our Congress is useless and impenitent, and Obama could care less what “We the people” want.. Its like watching a train wreck in slow motion.
10 posted on 01/13/2012 3:59:40 AM PST by Shane (When Injustice Becomes Law, RESISTANCE Becomes DUTY.----T.Jefferson)
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To: Shane

I know how to stop it. But they don’t let you discuss things like that here.


11 posted on 01/13/2012 4:01:40 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: tobyhill

Like I said last year, we will be at 17 trillion before 2012 is over.


12 posted on 01/13/2012 4:01:45 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: circlecity
The spending is authorized by the Congress and the Senate, they have the responsibility for the expenses. Obama’s proposed budget had received zero votes in the Senate.

This one is on Congress and our Republican majority there.

13 posted on 01/13/2012 4:01:56 AM PST by garyb
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To: F15Eagle

I think you’re low.


14 posted on 01/13/2012 4:04:41 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: tobyhill

Why does Hussein need to buy votes? Seems as if so-called conservatives are doing all his campaigning for him.


15 posted on 01/13/2012 4:05:49 AM PST by YankeeReb
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To: tobyhill

Scrawled in lipstick on the mirror in the West Wing of the White House: “Please catch me before I spend more!”


16 posted on 01/13/2012 4:06:29 AM PST by luvbach1 (Stop the destruction in 2012 or continue the decline)
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To: tobyhill
The Republicans nor the press have found the scam that the Dems are pulling...

Where does Obama get the authority to keep spending at the level that creates these deficits? Bingo! We are operating on continuing resolutions based on the enormous FY 10 Budget. The Senate has deliberately failed to even vote on a budget since then (except for the joke that Obama sent up with even more spending - which even the Democrats in the Senate could not stomach). By using the CRA the Dems get to keep slushing it out to their constituencies as they force the Republicans to go along by creating crisis's over extensions of the CRA and debt ceilings, and, of course, the Republicans are blind to what is going on and lack the political will to do anything about it.

17 posted on 01/13/2012 4:06:48 AM PST by RedEyeJack
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To: theDentist

Why not?

Lots of reasons, it will be interesting who they want to blame this time if the threat not to extend is made.

Supposedly nothing matters anymore because this is the year of the triple whammy. End of the Bush tax cuts, the beginning of Obama care tax hikes, and there is another leg to the stool I can’t remember that spells further disaster for the economy. Huh, it can be more disastrous than it is?


18 posted on 01/13/2012 4:12:12 AM PST by wita
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To: driftdiver

Probably so - get ready for a global crash and then global currency


19 posted on 01/13/2012 4:12:52 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: tobyhill
From Sen. Obama’s Floor Speech, March 20, 2006:

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. … 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.

20 posted on 01/13/2012 4:15:25 AM PST by Jaidyn
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To: F15Eagle

The abomination that causes desolation is sure going to get a lot of worship by “saving” the starving masses with his global government.


21 posted on 01/13/2012 4:39:46 AM PST by MikeSteelBe (Austrian Hitler was as the Halfrican Hitler does.)
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To: tobyhill

No way another 1.2 trillion will get us through until the election,It might take us to the 4th. of July, but I doubt that.


22 posted on 01/13/2012 5:04:25 AM PST by Venturer
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To: tobyhill

Folks, it’s very, very simple. At the top levels of government, pretty much everyone is in on the scam. Nothing more, nothing less. There are a few outliers in Congress, but not enough to alter the course.

This ends with a crash. A big crash. With the powers that be hanging their heads in sadness, telling us what needs to happen next for the good of the country. It won’t be good, though. Get ready while you can.

PS - what happened to the debt commission and the automatic cuts if they failed? Where did the talk of the 400 Billion stimulus that was critical go? I thought the debt ceiling wouldn’t be raised again before the next election? All smoke and mirrors to buy time. Wake up, pay attention, and stop wasting time arguing the irrational argument. It’s what they want to distract us from the truth.


23 posted on 01/13/2012 5:06:07 AM PST by cliniclinical (space for rent)
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To: wita
If congress allows itself to be snookered again...

Its a foregone conclusion. It will be the same old game;

There will be an emotional build-up including threats of a government shutdown. Threats that teachers, fire and police will be laid off. Minority women and children will be trotted out to the Tee Vee cameras for the usual interviews. The Main Stream Media will again claim there will be disaster and the government will shut down. Then there will be a campaign with threats to BLAME the GOP and then ...

John Boehner will arm-twist others to go along to get along and then John Boehner will cave-in in order to QUOTE reach across the aisle UNQUOTE and then give another $1.2 Trillion of taxpayer dollars to Obama. John Boehner and Eric Cantor and then Mitch McConnell will hold a presser and claim it was the QUOTE Best deal they could get UNQUOTE.

Then rank-and-file Americans will b!tch and moan about the unfairness of it all and further indebting their children and then ... the cycle will begin anew.

24 posted on 01/13/2012 5:17:45 AM PST by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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To: wita
Change the "if" to when, insert "Republican" before Congress and add"men" to "Congress and you are right on target.

Anyone, who after observing this "continuing resolution" bullshit that has been going on since the Democrats took over control of Congress in '07, that has not come to the conclusion that the Republican Party is in cahoots with the Democrat Party is only deluding themselves.

What the Republicans in the House should have done way back when was say, "We are going to have a budget"! When the Democrats balked, shut down the Government until a budget was passed.

But there was a reason they did not do that. The reason? Then the Republicans would have to have done the things that they campaigned on and were elected to do. In the forefront was defunding obamacare.

25 posted on 01/13/2012 5:28:08 AM PST by sport
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To: tobyhill

I think this is a huge conspiracy. All the politicians are in on it. Raise the national debt as high as they can, steal the money and when America falters, they all go to somewhere else and live like kings.


26 posted on 01/13/2012 5:28:24 AM PST by New Jersey Realist (America: home of the free because of the brave)
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To: mmanager
"My gosh, when is this insanity going to end?"

Soon, I've been hearing rumbles that folks in other countries are not all that happy about accepting dollars from Americans traveling abroad, no first hand knowledge but no surprises. I've also heard that the Treasury has to offer T-bills backed by real estate to attract the interest of any buyers. In other words no one wants to buy our deft, or hold our debt (dollars). So the end is near and the end will be UGLY. Check out some of the recent threads on Greece for a preview. I advice stocking up now while your dollars will still buy stuff. For a thought experiment, imagine what happens should OPEC not accept dollars for their oil.

27 posted on 01/13/2012 6:03:02 AM PST by jpsb
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To: MikeSteelBe

Yep and his false prophet will wow the scoffers and unbelievers by calling down fire from the sky in front of them. Then once they worship the image they will receive a mark so that they can buy and sell.


28 posted on 01/13/2012 8:39:51 AM PST by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: New Jersey Realist; sport; pyx

There are 535 men and women, if they are all in on it, not counting czars, the fed, the BIC, the men in black, the cabinet, Congressional staffers, and probably a few others needing the citizen trial. The last thing that is going to happen is they all fly off into the sunset to live like kings.

Economic collapse will bring retribution unlike anything congress has ever witnessed, and since I’m going to a birthday party for the only senator in my state worth talking too, this is going to be a subject of conversation. Hate to ruin a good birthday bash, but face to face deserves some worth while conversation regarding continuing the insanity.


29 posted on 01/13/2012 8:43:16 AM PST by wita
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To: tobyhill

Another $1.2 trillion increase in the debt ceiling because socialism needs a little more priming to take hold.


30 posted on 01/13/2012 9:27:49 AM PST by Vaduz
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To: F15Eagle

I surprised they are still even making new cash bills.

The “logic” for going cashless and the chip reading technology available will help it happen soon.

They are already chipping cards in Europe for security, and a lot of places in America have the card reader you wave your card by instead of inserting in a slot to read the strip.

Those little debit card microchip “marks” implanted can’t get easily lost or stolen, can they?

Folks are getting thir pets chipped nowadays as an alternative to the old “dog tags”.


31 posted on 01/13/2012 9:54:17 AM PST by MikeSteelBe (Austrian Hitler was as the Halfrican Hitler does.)
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To: driftdiver
I think you’re low.

By two times at least.

32 posted on 01/13/2012 10:10:20 AM PST by sport
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To: wita
Economic collapse will bring retribution unlike anything congress has ever witnessed,

Most respectfully. I am frustrated. And truly, I say this to you with all due respect but, IN YOUR DREAMS.

John Boehner, Eric Cantor and Mitch McConnell have blatantly, completely and totally SOLD OUT rank-and-file Americans in the most patently obvious manner many, many, many, times in past. And those wretched b@$t@rd@ will be only too happy to do it again. The GOP AND the democRATs have not only mortgaged our CHILDREN, both parties, BOTH POLITICAL PARTIES, have mortgaged our GRAND CHILDREN and our GREAT-GRAND CHILDREN.

FIFTEEN POINT TWO TRILLION TAXPAYER dollars is the cost to our GREAT-GRAND CHILDREN, our GRAND CHILDREN and our CHILDREN.

Now I don't know about some others, but I and very likely you do not take kindly to the democRATs along with John Boehner, Eric Cantor and Mitch McConnell anally raping our children, grand children and our great grand children in front of us.

...and since I’m going to a birthday party for the only senator in my state worth talking too, this is going to be a subject of conversation. Hate to ruin a good birthday bash,

You should ruin a birthday bash for a state senator when he and his cronies on BOTH SIDES of the aisle just eviscerated THREE GENERATIONS OF OUR FAMILIES in front of us.

And you know what, you know what singes my tail-feathers ? Those POLITICOS did it with smiles on their faces because ... They along with their buddies in the MSM were laughing AT us.

33 posted on 01/13/2012 11:59:39 AM PST by pyx (Rule#1.The LEFT lies.Rule#2.See Rule#1. IF THE LEFT CONTROLS THE LANGUAGE, IT CONTROLS THE ARGUMENT.)
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