Facebook
Fark
Digg
Reddit
Stumble
Monday, Jan. 7, 2013 | 9:49 a.m.
President Barack Obama says he absolutely will not let Republicans use a debt ceiling crisis to extract deeper federal spending cuts. Congressional Republicans of all stripes say Obama has no choice but to accept the spending cuts they want in exchange for a hike in the national debt limit.
The two sides might reach a mutual agreement before the matter becomes a crisis in March, or possibly late February.
But the tough talk suggests this year's political fight could be even nastier and more nerve-grating than the recent "fiscal cliff" showdown. It revives memories of the 2011 brinkmanship that triggered the first-ever downgrade of the nation's credit-worthiness rating.
Obama and Democrats campaigned for two years on hundreds of billions in revenue from increasing the tax rate on the back of the job creators AND $2,400 billion in spending limits for a total of $3.2 trillion.
What America got was
- ZERO SPENDING LIMITS - ONLY TAX RATE REVENUE INCREASES - NO BALANCE
The official Moody rating service subsequently said without the spending limits they will have to cut America's credit rating again
Yet after Obama WON and got his envy tax on the rich - Democrats want to increase revenue more by eliminating or capping deductions which will impact the middle class the hardest to address the debt ceiling. Exactly what Democrats just fought against.
Democrats still can not find any spending limits in the $50 trillion Ten year budget.
President Obama said he "...refused to horse trade" with Congress over spending cuts. In fact Obama told Republicans "We do not have a Debt problem".
--
Obama retorts "I will not COMPROMISE over...the tab for a bill they've already racked up"
That is utter nonsense!! What we are talking about is LIMITING FUTURE GROWTH that has NOT YET BEEN AUTHORIZED AND RACKED UP. Utter nonsense.
----
OBAMA WAS FOR SPENDING LIMITS BEFORE HE WAS ELECTED - AND OBAMA IS AGAINST SPENDING LIMITS AFTER IS IS ELECTED. Which Obama Lied to America
Now Obama is FAILING AMERICA. Obama and Democrats are RENEGING on their 2012 campaign promise to make a three to one (3-1) spending cuts to revenue increases as part of the balanced approach.
"deeper federal spending cuts"
What cuts would those be?
Senator Obama would approve of what the GOP is doing. He must have 'evolved' he-he.
The Senator Obama called Bush unpatriotic for tooooo muuuuch sppppending
Defense spending has been cut in real terms over a trillion dollars by Obama . Nice try though.
Question why did Obama double the troops in Afganistian and extend the war. That cost us money bring them home today
But we still have free prepaid cell phones for inner city dope dealers. and free abortions
Billions going to bankrupt green manufacturers
Why don't we use the chain CPI so increases in SS benefits reflect true inflation?
Why aren't we means testing so the rich do not get entitlement benefits
WHY DID OBAMA LIE TO AMERICA DURING THE CAMPAIGN ABOUT MAKING SPENDING LIMITS
What NEEDS to be cut is defense spending. (Really, it is offense spending because we go to other countries and start wars there. )
The US spends more on "defense" spending that all of Europe, Russia and China COMBINED.
That is crazy and just PROVES TO THE REST OF THE WORLD WHO IS THE AGGRESSOR.
It seems as if something has changed in the President's view on the debt since September.
http://www.businessinsider.com/obama-deb...
Spending has got to be addressed at some point in time. The upcoming debt ceiling battle would be a perfect time to show a willingness to work with the house and do something good for the country.
The GOP scoffed at his inauguration and all of his state of the union speeches. They scoff if his name is even mentioned.
Antigov, funny name for an Obama supporter. Shouldn't it be progov or supergov?
Obama is in a box on this, since he's on the record desiring to bring this country to its knees so the freeloaders and takers can stay on easy street,
Oh, this is what O. meant by vowing he'd end partisan bickering. Just ignore everybody else but himself.
Obama is a fraud and the rest of us are simply extras in his extravaganza.