View Full Version : obama's deathblow to America almost complete
Team Sergeant
07-14-2011, 07:03
Socialism is about to destroy America, obama spends one more dollar (we don't have) and it's game over. Even Moody's is attempting to "warn" the democrats that if this spending continues we're done. Prepare for a severe depression....
Team Sergeant
Obama, Cantor Clash in Heated Deficit Talks
Published July 14, 2011
| FoxNews.com
President Obama meets with congressional leaders regarding the debt ceiling, Wednesday, July 13, 2011. in the Cabinet Room of the White House in Washington.
Tensions are flaring as lawmakers return to the negotiating table Thursday, after President Obama ended the last session by dressing down House Republican Leader Eric Cantor.
"Don't call my bluff," the president told Cantor, according to the GOP leader.
Democratic and Republican sources have offered several versions of the final moments of Wednesday's meeting -- by most accounts it ended on a low note, raising questions about whether negotiators can make any progress under increasing pressure to strike a deficit-reduction deal and raise the debt ceiling. A startling warning came Wednesday when credit rating agency Moody's said the U.S. government's impeccable credit rating was under review for a potential downgrade. The agency said the ongoing stalemate increased the risk of a first-ever default on the government's debt.
http://www.foxnews.com/politics/2011/07/14/obama-debt-enough-is-enough/
To sum up his career to date: "When in doubt, pout."
A pretty good overview of the key issues in the budget debate: Fiscal 2012 Budget (short-term), Debt Ceiling (medium-term), and Social Security (long-term).
A User's Guide To The Budget Battles
Budget battles involving Republicans, Democrats and President Obama have become so frequent that they may sound like one big shouting match. But there actually are three separate budget debates going on simultaneously.
In the end, they are all about the same thing: how much money should government take in and spend. But the three debates involve different time horizons, and each problem has to be solved in a different way.
http://www.npr.org/2011/07/14/137789902/a-users-guide-to-the-budget-battles?ps=rs
Richard :munchin
Team Sergeant
07-14-2011, 07:33
A pretty good overview of the key issues in the budget debate: Fiscal 2012 Budget (short-term), Debt Ceiling (medium-term), and Social Security (long-term).
A User's Guide To The Budget Battles
Budget battles involving Republicans, Democrats and President Obama have become so frequent that they may sound like one big shouting match. But there actually are three separate budget debates going on simultaneously.
In the end, they are all about the same thing: how much money should government take in and spend. But the three debates involve different time horizons, and each problem has to be solved in a different way.
http://www.npr.org/2011/07/14/137789902/a-users-guide-to-the-budget-battles?ps=rs
Richard :munchin
npr, really... seriously?:rolleyes:
"Don't call my bluff," the president told Cantor, according to the GOP leader.
Cantor need to not only call his bluff, but submit Articles of Impeachment on this jackass for incompetence.
In my opinion, Obama has before now, and throughout all of this debt ceiling crisis, acted in a manner contrary to his trust as President and subversive of constitutional government, to the great prejudice of the cause of law and justice and to the manifest injury of the people of the United States. Wherefore Obama, by such conduct, warrants impeachment and trial, and removal from office.
"I've reached my limit. This may bring my presidency down, but I will not yield on this," Obama said, according to a Republican aide.
Could this be a self-fulfilling prophesy...:munchin
"I've reached my limit. This may bring my presidency down, but I will not yield on this," Obama said, according to a Republican aide.
Could this be a self-fulfilling prophesy...:munchin
Only if the Repubs don't cave.
npr, really... seriously?:rolleyes:
Seriously - less hyperbole. ;)
Rep. Michele Bachmann and others are accusing President Obama of misleading the public about the consequences of a failure to raise the debt ceiling which puts them at odds with the party's congressional leadership's warning of a "real catastrophe."
Debt-Ceiling Deal? 'Hell, No Caucus' Stands Firm
A fourth consecutive day of talks at the White House for a deal to raise the debt ceiling by Aug. 2 ended abruptly Wednesday night, with President Obama walking out on a meeting with congressional leaders. That was hours after the credit-ratings agency Moody's threatened to cut the U.S. credit rating, warning of an increased risk of a government debt default.
Meanwhile, GOP congressional leaders in particular are increasingly at odds with members of their own party in the debt-ceiling debate.
House Speaker John Boehner sounded a tad exasperated earlier this week on Fox News when asked whether he had enough votes in his big Republican majority to raise the debt ceiling.
"We have a number of our members who just don't believe that they should ever vote to increase the debt ceiling," Boehner said.
In fact, as many as half of the House Republicans now appear inclined to vote against increasing the nation's legal borrowing limit — something Congress has already done 89 times since 1939. Obama warned on CBS this week that not raising the debt ceiling by Aug. 2 could mean some people will not get their monthly Social Security checks.
"There may simply not be the money in the coffers to do it," he said.
'Quit Lying'
In a Web video posted Wednesday, freshman House Republican Joe Walsh of Illinois accused the president of misleading people.
"President Obama, quit lying," Walsh said. "You know darn well that if Aug. 2 comes and goes, there's plenty of money to pay off our debt and cover all of our Social Security obligations."
Walsh, who got elected with strong Tea Party backing, is a leading member of what's been dubbed the "Hell, No caucus" — the Republican lawmakers who refuse to raise the debt ceiling. House Tea Party Caucus Chairwoman Michele Bachmann of Minnesota, who is running for president, accused Obama and Treasury Secretary Timothy Geithner of selling the nation a bill of goods.
"It's this: that if Congress fails to raise the debt ceiling by $2.5 trillion, that somehow the United States will go into default and we will lose the full faith and credit of the United States," she said. "That is simply not true."
That puts Bachmann and many other House Republicans at odds with Boehner, who had this warning in the Fox News interview: "Missing Aug. 2 could spook the market, and you could have a real catastrophe. Nobody wants that to happen."
Will Opposition Backfire?
Fellow House Republican Louie Gohmert of Texas says he thinks Boehner has been bamboozled.
"The problem with the speaker, in him saying that, is he believed the president, and I will encourage the speaker not to believe the president anymore," he said.
Gohmert and other House Republicans are pushing legislation that puts active-duty service members and debt holders at the head of the line for government payments if the debt ceiling is not raised. Their willingness to allow at least a partial default on the debt alarms Senate Republican leader Mitch McConnell. He told radio host Laura Ingraham on Wednesday that Republicans would be saddled with the blame for a default. That, he said, would put them in a very bad position for next year's election.
"We knew shutting down the government in 1995 was not going to work for us," he said. "It helped Bill Clinton get re-elected. I refuse to help Barack Obama get re-elected by marching Republicans into a position where we have co-ownership of a bad economy."
McConnell has proposed a plan in which Congress would authorize Obama to raise the debt ceiling, without any of the massive deficit reduction that Republicans have been demanding. It's a fallback plan to be used only if a deal cannot be reached among negotiators.
But Tennessee Republican Sen. Bob Corker calls it an embarrassment.
"This place is way too caught up in trying to protect each side for the 2012 elections," he said.
Still, Lamar Alexander, Tennessee's other GOP senator, predicts McConnell's contingency plan will only keep looking better.
"I think after about one week, maybe two weeks, there are going to be a lot of Republicans and a lot of Democrats thanking Sen. McConnell for leaving an option on the table so that we don't have a default," he said.
http://www.npr.org/2011/07/14/137832130/debt-ceiling-deal-hell-no-caucus-stands-firm
I am kinda curious as to which version of the POTUS walking out of the discussion is closer to the truth. I do like the "dont call my bluff comment." It sounds like a political version of the old "I know you are but what am I" argument. I have no doubt that both current versions (dem/repub) of the walk out are factually inaccurate, I am just wondering which act of smoke and mirror mastery is closer to reality...
http://www.
reuters.com/article/2011/07/13/usa-debt-blowup-idUSWEN537120110713
http://www.
politico.com/news/stories/0711/58937.html
http://www.
huffingtonpost.com/2011/07/13/obama-debt-ceiling-meeting_n_897815.html
http://www.
cbsnews.com/8301-503544_162-20079304-503544.html?tag=stack
It is discouraging to watch our nations leaders carry on like they are filming an episode of a reality TV show...
I do like the "dont call my bluff comment." It sounds like a political version of the old "I know you are but what am I" argument.
lol Fiery, potent discourse. :D
...dont you DARE, dare me"
...I'm going home. You guys all suck!
stomp stomp stomp stomp......
...slam
lol Yeah. "It's MY football!"
But Tennessee Republican Sen. Bob Corker calls it an embarrassment.
"This place is way too caught up in trying to protect each side for the 2012 elections," he said.
Based upon everything I've been reading, I tend to think Senator Corker's take is correct.
Richard :munchin
Based upon everything I've been reading, I tend to think Senator Corker's take is correct.
Richard :munchin
The Republicans won the House. The Dems are petulant because they no longer call the shots.
The problem in finding "middle ground" is the "cuts" are spread out from 6 to 10 years from now. And as we all know - tomorrow never comes. Kick the can down the road a little bit more, get mine now and we'll start all over again in a couple of years.
We have to stop the increase in spending "NOW". Not projected cuts in 10 years that we will never see.
Not "savings" caused by by slight-of-hand shifting of funds from here to there.
Cuts now - stop the madness.
http://www.myfoxtwincities.com/dpp/news/politics/mn-shutdown-dayton-agrees-republican-budget-july-14-2011
"I'm taking my toys and going home."
In truth, I'm re-loading.......
rubberneck
07-14-2011, 11:06
The President has to realize that you only bluff when you don't have a hand to play. He's essentially telling Cantor "you guys have me over a barrel with my party and any way I go and I am screwed. Please don't point that out publicly." Proof of that is his backtracking on entitlement reform. He was for it until he realized his base would walk on him but without it there is no chance of getting the GOP on board for anything. I don't think Cantor is going to let the President off the hook and perhaps that's why Harry Reid wants him kicked out of the meetings.
The President has to realize that you only bluff when you don't have a hand to play. He's essentially telling Cantor "you guys have me over a barrel with my party and any way I go and I am screwed. Please don't point that out publicly."
Too late:
http://www.gallup.com/poll/148475/Satisfaction-Slides-Two-Year-Low.aspx
...dont you DARE, dare me"
...I'm going home. You guys all suck!
stomp stomp stomp stomp......
...slam
If only he'd just take his toys, leave the playground and go home.
Errr guess I should have read wet dog's post first. :D
He's intent on ruining this country, I'm convinced.
and he has done absolutely NOTHING about debt or deficit management.
That's not true. He has added quite a bit to the debt...
He's intent on ruining this country, I'm convinced.
I'm convinced he's as easy to ignore as Casey Anthony or Yoda.
And so it goes...
Richard :munchin
GratefulCitizen
07-14-2011, 20:55
Somebody hacked the potus's teleprompter.
This is what was fed to him:
http://www.youtube.com/watch?v=z99iVXJ8OtA
Almost complete? So we're driving thus bus full of noisy passengers...down a mountain road...at night...ice on the road...to the right is a sheer cliff straight down...to the left is a mountain face...and up ahead, our headlights reveal that the bridge is out.
We can step on the brakes - but we cannot stop in time. We can dodge one way and fall to the sharp stones far below. We cannot dodge the other way. Or we can crank up the radio and go out in a blaze of glory.
Does anyone really believe we can cut the budget by 40%? That's what a balanced budget demands. Anything less merely adds to the problem. If we put it off for a decade while making modest incremental adjustments, nothing is solved - perhaps delayed a bit, but not solved. If we do cut spending by 40%, then we will face a reduction of GDP larger than the 1929 depression.
Can we grow our way out of it? Almost certainly not. The debt burden is already too great, and will undermine the efforts to regain strong growth.
Ultimately, the U.S. will default. It is noteworthy that states and cities are already defaulting on pensions they promised to pay. Oh, it's legal - but promises were made, people acted on those promises, and governments have now walked away from those promises. I have no doubt that the U.S. government will do the same, although it's impossible to be sure which committments will be ignored.
I suspect that Social Security, Medicare, and Federal Pensions will be drastically cut. The military budget probably will be slashed as well - just as China gets stronger and starts to challenge us.
The next couple decades may be grim.
http://theweek.com/article/briefing_blog/107/the-national-debt
Richard :munchin
mark46th
07-14-2011, 22:14
If the debt ceiling is not raised, revenue will not cease to flow. Money will still be coming in at the same rate. All entitlements will be paid, Social Security and Medicare will be funded. If these entitlements are not paid on time, it will be by the choice of the Treasury, i.e., Obama.
Roguish Lawyer
07-14-2011, 22:43
It is difficult for Republicans to take a principled position on these issues after spending like drunken sailors when we were in power. The Bushes were terrible Presidents in this regard. YMMV.
It is difficult for Republicans to take a principled position on these issues after spending like drunken sailors when we were in power. The Bushes were terrible Presidents in this regard. YMMV.
Agreed,
Unfortunately though, they’re our only hope.....credibility be dammed.
oy vey
True, but if the debt ceiling is not raised, nearly 40% of government spending would have to stop, which would have catostrophic effects as one can't just stop 40% of government spending all of a sudden.
Why not?
Personally I do not believe they have any idea what will happen if they do not increase this imaginary ceiling of debt, no more than they knew we had to have TARP and the StimuLIE. But on a whole, is it wise to continue inching our way towards a final catastrophe through crisis management?
Com'on man! Just one more fix, I promise it will be the last..........would you assist a drug addict in their bad habit? Or would you give a spouse or friend another credit card when they have already racked up 100k in revolving credit?
When Gambling Costs Too Much
Rock bottom for Barack was running out of cash, but the key to his turnaround was in realizing he had simply lost control of their finances. If you can answer "yes" to any of these questions, you are likely depending on gambling to bail you out of financial trouble:
Do you ever gamble to get money to pay debts?
Do you often gamble until your last dollar is gone?
Do you ever borrow to gamble?
Are you reluctant to use "gambling money" for household expenses?
Have you ever sold anything to finance your gambling?
Odds are slim that a big win is right around the corner. Better to take an objective look at the situation with an impartial consumer credit counseling service, trained to consider realistic options for your financial future.
Are you a compulsive gambler?
Answer all 20 questions below and view our comments based on your answers.
1. Did you ever lose time from work or school due to gambling? Yes No
2. Has gambling ever made your home life unhappy? Yes No
3. Did gambling affect your reputation? Yes No
4. Have you ever felt remorse after gambling? Yes No
5. Did you ever gamble to get money with which to pay debts or otherwise solve financial difficulties? Yes No
6. Did gambling cause a decrease in your ambition or efficiency? Yes No
7. After losing did you feel you must return as soon as possible and win back your losses? Yes No
8. After a win did you have a strong urge to return and win more? Yes No
9. Did you often gamble until your last dollar was gone? Yes No
10. Did you ever borrow to finance your gambling? Yes No
11. Have you ever sold anything to finance gambling? Yes No
12. Were you reluctant to use "gambling money" for normal expenditures? Yes No
13. Did gambling make you careless of the welfare of yourself or your family? Yes No
14. Did you ever gamble longer than you had planned? Yes No
15. Have you ever gambled to escape worry, trouble, boredom or loneliness? Yes No
16. Have you ever committed, or considered committing, an illegal act to finance gambling? Yes No
17. Did gambling cause you to have difficulty in sleeping? Yes No
18. Do arguments, disappointments or frustrations create within you an urge to gamble? Yes No
19. Did you ever have an urge to celebrate any good fortune by a few hours of gambling? Yes No
20. Have you ever considered self-destruction or suicide as a result of your gambling? Yes No
Oh, they'll wind up raising the ceiling.
ddoering
07-15-2011, 06:59
Politics has become like professional wrestling. You have the good guys (party out of power) and the bad guys (party in power) struggling for domination accompanied by bombastic pronouncements of doom and gloom etc... But at the end of the day, both sides meet up for a beer and laugh about the story line they have fed us......
Politics has become like professional wrestling. You have the good guys (party out of power) and the bad guys (party in power) struggling for domination accompanied by bombastic pronouncements of doom and gloom etc... But at the end of the day, both sides meet up for a beer and laugh about the story line they have fed us......
Add maniacal laughter and "big oil" buying the rounds and you have nailed the picture in my head.
Why not?
Personally I do not believe they have any idea what will happen if they do not increase this imaginary ceiling of debt, no more than they knew we had to have TARP and the StimuLIE. But on a whole, is it wise to continue inching our way towards a final catastrophe through crisis management?
Com'on man! Just one more fix, I promise it will be the last..........would you assist a drug addict in their bad habit? Or would you give a spouse or friend another credit card when they have already racked up 100k in revolving credit?
I kind of agree with you. They don't know what will happen. They ought to bust, at least for a day or two, just to send a message.
Oldrotorhead
07-15-2011, 07:39
Add maniacal laughter and "big oil" buying the rounds and you have nailed the picture in my head.
Just one correction change "big oil" to " big Hollywood". There are more Hollywood critters making $100 million a year than CEOs of any stripe.
Politics has become like professional wrestling. You have the good guys (party out of power) and the bad guys (party in power) struggling for domination accompanied by bombastic pronouncements of doom and gloom etc... But at the end of the day, both sides meet up for a beer and laugh about the story line they have fed us......
It's all fun and games until somebody gets an eye poked out.
ddoering
07-15-2011, 08:27
Depends on whose eye it is.
Depends on whose eye it is.
In the case of this crowd, the collective Country...
The government has been providing lots of good material for the political cartoonist market - I'm beginning to suspect it must be linked to some sort of stimulus plan to support the cartoonist's union. ;)
Richard :munchin
The government has been providing lots of good material for the political cartoonist market - I'm beginning to suspect it must be linked to some sort of stimulus plan to support the cartoonist's union. ;)
Richard :munchin
Those are hilarious, except for the "Chinese as landlords" one...
ddoering
07-15-2011, 09:30
Those are hilarious, except for the "Chinese as landlords" one...
My only bright pinpoint of light in all of this is that when our Chinese overlords take over, most of that crowd will not be found suitable for slave labor and therefore expendable.:munchin
Badger52
07-15-2011, 09:55
True, but if the debt ceiling is not raised, nearly 40% of government spending would have to stop, which would have catostrophic effects as one can't just stop 40% of government spending all of a sudden.As part of the "provide for the common defense" consortium, looking at other pieces of the Federal monolith, have to admit there would be an enticing brief spike in the unemployment rate. It will also provide some stark relief to priorities.
:confused:
One one-thousand...
Two one-thousand...
OK, go for it.
I'm convinced he's as easy to ignore as Casey Anthony or Yoda.
That's one hell of an ugly doggie. :D
http://thehill.com/homenews/administration/171997-obama-officially-threatens-to-veto-cup-cap-and-balance
http://dailycaller.com/2011/07/18/stress-related-condition-incapacitates-bachmann-heavy-pill-use-alleged/
Paragrouper
07-19-2011, 09:25
http://dailycaller.com/2011/07/18/stress-related-condition-incapacitates-bachmann-heavy-pill-use-alleged/
Want to play politics Honey?
Not now, I got a headache.