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Obama left because he was late to a photo op and then is off to a fundraiser. The man-child needs to learn he is not King or Dictator regardless of his wishes to continue spending as though he has a signature only credit line.
Referring to our first black president as a "man-child" is in questionable taste anytime, given the term's racial connotation. In the current context, it is laughably inappropriate. Try asking Hillary Clinton, John McCain, Sarah Palin, the dead Somali pirates, OBL, the current GOP leadership in the House and Senate, and anyone else who has badly underestimated Obama just how "child-like" this particular black man is.
Obama does have a problem, he's negotiating with spoiled brats who are throwing a fit because they can't get 100% of what they want. That's the problem. That's the frustration.
Sure it's all one side fault. I hope the Dems push that story. It is clear the Dems in Congress won't allow him to negotiate. You hear Boehner, it's like negotiating with jello. One thing on Friday back track by Sunday. His only consistent point was in raising taxes. Surprise, surprise.
Obama does have a problem, he's negotiating with spoiled brats who are throwing a fit because they can't get 100% of what they want. That's the problem. That's the frustration.
rubbish, the only thing the republicans are holding firm on is taxes. they have already reduced the amount they want to cut spending.
Nonsense. We have PLENTY of revenue coming in to pay for SS, the troops, interest, etc.
Tell me you know this?
I know this because I actually read something about it. The debt ceiling applies to federal government debt owed to the public (i.e., anyone who buys US bonds) and debt owed to federal government trust funds used for programs such as Social Security and Medicare.
When that ceiling is reached, that means we can't continue on a spending trajectory that would take us over it.
That means that someone who is involved in a transaction involving those debt-driven dollars is not getting paid.
Therefore, social security checks may stop...or debt repayments to bond holders may stop. Wanna guess what that's going to do to world-wide markets? So take your pick. They will both result in unpleasant consequences.
Just curious, did someone keep the debt ceiling a secret until this year? Obama's been like a junky running up the credit card to pay bills, and then when he has run out of cards to run up, he starts whining about how the whole world will end if he can't get a higher limit. Why hasn't he been more concerend about this over the 2 1/2 years while he was spending like a drunk sailor? A true leader should have been able to look at the debt ceiling, realize we were going to hit it, and plan accordingly.
The only reason there aren't more people outraged about the debt is because so many Americans live the same way. As someone who is very responsible with money, I'm absolutely sick of the government running up debt, printing more money, begging for more taxes, and raising the debt ceiling. Man up and make responsible choices!
Pres walks and per Cantor says, "Don't call my bluff, I will take this to the American people". Good for the Pres, even Cantor's version shows Cantor up for the Putz that he is.
A few weeks ago, I made a post that warned the GOP to ask themselves, if they have Obama over a barrel on this debt ceiling deal, why is he smiling all the time?
Maybe the GOP leaders should start watching this board!
The first is an audio. Don't have time to listen to.
The second is Chris Walen who says we won't debault...at least not right away.
The third is a blogger.
Debt Ceiling was raised 7 times during Dubya's reign! Now the [MOD CUT] want to be fiscal conservatives after they dragged this nation into a fiscal mess with 2 Wars & a unfunded prescription drug plan while they borrowed from China! Then we had to bail out banks through TARP and the Auto industry? and you [MOD CUT] want to blame this on Obama?
Quote:
Since March 1962, Congress has enacted 69 separate measures that have altered the limit on federal debt.16 Most of these changes in the debt limit were, measured in percentage terms, small in comparison to changes
adopted in wartime or during the Great Depression. Some recent increases in the debt limit, however, were large in dollar terms. For instance, in May 2003, the debt limit increased by $984 billion.
What does that tell you knowing Medicare and Social Security are:
Quote:
The projected point at which the combined Trust Funds will be exhausted comes in 2036 -- one year sooner than projected last year. At that time, there will be sufficient non-interest income coming in to pay about 77 percent of scheduled benefits.
The point at which non-interest income fell below program costs was 2010. Program costs are projected to exceed non-interest income throughout the remainder of the 75-year period.
The projected actuarial deficit over the 75-year long-range period is 2.22 percent of taxable payroll -- 0.30 percentage point larger than in last year’s report.
Over the 75-year period, the Trust Funds would require additional revenue equivalent to $6.5 trillion in present value dollars to pay all scheduled benefits.
The whole international system—as constructed following WWII—will be revolutionized. Not only will new players—Brazil, Russia, India and China— have a seat at the international high table, they will bring new stakes and rules of the game.
The unprecedented transfer of wealth roughly from West to East now under way will continue for the foreseeable future.
Unprecedented economic growth, coupled with 1.5 billion more people, will put pressure on resources—particularly energy, food, and water—raising the specter of scarcities emerging as demand outstrips supply.
The potential for conflict will increase owing partly to political turbulence in parts of the greater Middle East.
NIC 2025 Project (http://www.dni.gov/nic/NIC_2025_project.html - broken link)
Mixed with:
Quote:
A potential long-term concern of some U.S. officials is that persistent volatility of the dollar will add force to recent calls by the international community for an end to its status as the world's reserve currency. A 2010 survey performed by the McKinsey Global Institute found fewer than 20 percent of business executives surveyed expected the dollar to be the dominant global reserve currency by 2025.
Just curious, did someone keep the debt ceiling a secret until this year? Obama's been like a junky running up the credit card to pay bills, and then when he has run out of cards to run up, he starts whining about how the whole world will end if he can't get a higher limit. Why hasn't he been more concerend about this over the 2 1/2 years while he was spending like a drunk sailor? A true leader should have been able to look at the debt ceiling, realize we were going to hit it, and plan accordingly.
The only reason there aren't more people outraged about the debt is because so many Americans live the same way. As someone who is very responsible with money, I'm absolutely sick of the government running up debt, printing more money, begging for more taxes, and raising the debt ceiling. Man up and make responsible choices!
the problem is that obama cant man up because his wife has his manhood in her purse.
besides, obama voted AGAINST raising the debt ceiling when bush was in office, and now he wants a higher dent ceiling.
At this point, I would take 1 or 2, whats behind door number 3 is pretty scary stuff.
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