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Topic: Obama hints at big debt-ceiling brawl, but can he win this one? |
Obama hints at big debt-ceiling brawl, but can he win this one?
Christian Science Monitor, by Patrik Jonsson
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Original Article
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Posted By:NorthernDog, 1/5/2013 12:25:00 PM
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| President Obama said Saturday that he´s willing to compromise with Republicans on taxes and spending cuts in coming months, but will not budge on honoring America´s obligations as the national debt this week topped $16.4 trillion – the congressionally set "debt ceiling." "I will not compromise over ... whether or not Congress should pay the tab for a bill they’ve already racked up," Mr. Obama said in his taped weekly address, his first of the new year. "If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire
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Comments: As usual the media is most interested in Obama ´winning the fight´, not the stability of the country´s finances.
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Reply 1 - Posted by:
Cleanhousein2012, 1/5/2013 12:32:16 PM (No. 9100315)
The real question will we have to listen and see the kabuki dance before Boehner and McConnel cave.
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Reply 2 - Posted by:
Scribelus, 1/5/2013 12:37:45 PM (No. 9100327)
The Marxist is utterly devoid of decent character. A robust butt-kicking in the upcoming desperate battle might begin to build one in him, but I doubt it.
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Reply 3 - Posted by:
whyyeseyec, 1/5/2013 12:40:33 PM (No. 9100337)
Boehner should be announcing any day now his willingness to raise a debt ceiling `a little bit` if the president will agree to spending cuts in the Year 2742........./s
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Reply 4 - Posted by:
Northern Redman, 1/5/2013 12:49:19 PM (No. 9100361)
There´s plenty of money to "pay the tab for a bill they’ve already racked up". There´s just not any money to rack up new bills. So, tell those federal workers to take some time off without pay. Also, deny all new applications for food stamps, unemployment, etc. These are not previous obligations.
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Reply 5 - Posted by:
dirtydave, 1/5/2013 1:00:27 PM (No. 9100382)
At the first hint of calumny, the GOP will start to crumble. They like to hand out taxpayer funded stuff as much as any Democrat.
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Reply 6 - Posted by:
strike3, 1/5/2013 1:08:18 PM (No. 9100398)
The gall of this lying oaf is simply unbelievable. First he talks congress into spending trillions on various vote-buying boondoggles, now it´s they who racked up the bills. If republicans cave on this decision, all is truly lost. When you give an addicted spendaholic a no-limit credit card, disaster is unavoidable.
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Reply 7 - Posted by:
fayebeck, 1/5/2013 1:26:12 PM (No. 9100428)
It is not a question of obama "winning" it´s the Republicans proclivity to lose.
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Reply 8 - Posted by:
veritas, 1/5/2013 1:32:26 PM (No. 9100434)
FTA: "If Congress refuses to give the United States the ability to pay its bills on time...."
Or, if the usurper "President" outspends the country´s ability to pay for that spending, eh?
FTA: [House Speaker John Boehner] made clear that he will demand a dollar-to-dollar match between spending cuts and more borrowing.
OK. He still hasn´t figgered out the borrowing´s gotta stop.
John, thanks for playing, we have a nice parting gift for you -- now get out of my sight.
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Reply 9 - Posted by:
OhMy, 1/5/2013 1:49:17 PM (No. 9100459)
Boehner is talking tough. He better follow through with it. He is becoming a joke for caving in to Obama. He has the upper hand this time so if he cries and caves again he is done. Boehner you wanted to be the leader so LEAD.
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Reply 10 - Posted by:
wilarrbie, 1/5/2013 1:52:32 PM (No. 9100463)
Subtle in how he now blames CONGRESS for the bills THEY racked up. Obama gets to be hero again, making sure there´s enough money to pay back.
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Reply 11 - Posted by:
Grambo, 1/5/2013 2:07:33 PM (No. 9100481)
The Party of small government and low taxes gave Obama $41 of tax increase for every $1 of spending cuts. But this time, oh boy, this time, they’re really, really gonna be tough. Yeah.
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Reply 12 - Posted by:
otronome, 1/5/2013 2:10:42 PM (No. 9100486)
The way to pay your bills on time is to spend no more than you make or have spare cash to pay.
It is not by demanding that your credit card limit be increased to infinity.
The federal government has to "slim down" to $3 trillion of spending. And drop the baloney that certain expenses are sacrosanct.
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Reply 13 - Posted by:
nonsense, 1/5/2013 2:10:44 PM (No. 9100487)
So am I supposed to swallow the line that King Obama is not responsible for "racking up" any of this debt. He is always the Imperial by-stander, nothing touches his royal purple robes.
Surely even the no information voter has heard an inkling that the USA is broke. Right?
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Reply 14 - Posted by:
pineledger, 1/5/2013 2:23:31 PM (No. 9100511)
I don´t think there will be Kabuki theatre. I am reading that there is a growing appetite for doing a Newt and letting the govt shut down.
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Reply 15 - Posted by:
GreatPlains, 1/5/2013 2:28:02 PM (No. 9100521)
Boehner and the House Republicans passed 2 budgets detailing the cuts they would make in spending. It went nowhere because Republicans..don´t..control..the process. Obama and the Senate Democrats have the power to ignore anything Boehner and the Republicans pass. Demanding that Boehner " lead " ignores math and the Constitution. The Tea Party Senate candidates of O´Donnell, Akin, Angle, Buck, Mourdock, Raese, Rehberg and Berg cost us the Senate in 2010 and 2012. Boehener´s options and McConnell´s would be entirely different if Democrats did not have a 10 seat advantage in the Senate and the Presidency. The far right and talk radio demand that Boehner " lead." Apparently that means making unrealistic demands that will never happen legislatively . Limbaugh and Levin promote some type of Congressional fantasy land where all Republicans have to do is stick to their " principles " and voila !-wonderful legislation happens. Do they really think Obama and Reid and Schumer and Leahy and Boxer et. al and the rest of the 53 Democrats and 2 Indys will suddenly agree with conservative ideas ???
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Reply 16 - Posted by:
Coy860, 1/5/2013 2:33:59 PM (No. 9100526)
EVERY Republican should be briefed and learn the mantra..If you have maxxed out your credit card, can you go to the bank and demand that they raise the spending limit? Well, neither can the government. It has to stop, and stop now. Take 2% off Foo Stamps and the Obama pho for starters..call it a tax.
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Reply 17 - Posted by:
belwhatter, 1/5/2013 2:37:41 PM (No. 9100531)
I have no doubt whatsoever that the Republican "leaders" will concede the debt limit - they are already a joke, they will prove it once and for all. My preference would be to shut down the government - it has no money to spend anyway. It may take weeks without freebies for the truth to seep into the low intelligence mush minds. If ever there was a need for tough love, it is now.
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Reply 18 - Posted by:
yuban, 1/5/2013 2:52:27 PM (No. 9100546)
No, you stick to your principles and stop all action. You won´t get what you want but the Left also won´t get what THEY want. The best the GOP can do is stall the process, which is better than caving.
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Reply 19 - Posted by:
Heil Liberals, 1/5/2013 2:56:17 PM (No. 9100556)
Bottom line: the debt ceiling is going up. Spending will go up. Taxes will go up. And a generation born today will deal with the reckoning of today´s weak. When there is no more money to be borrowed or printed, people will line up readily behind the next "leader" who promises bread and full employment. I pray, not for today, but for my son´s future.
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Reply 20 - Posted by:
bob913, 1/5/2013 3:31:22 PM (No. 9100590)
Boehner and McConnell could win if they just mention the enormous expensive vacations obama takes. The huge debt he and the democrats have created. The huge unemployment that never goes down.
Boehner and McConnell will not. I think they have been bribed to cave in to the democrats.
We have seen what sort of person Dick Armey is. Boehner and McConnell are the same type.
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Reply 21 - Posted by:
dr fate, 1/5/2013 3:37:47 PM (No. 9100597)
Boehner has pledged never to have one-on-one meetings with Zippy anymore. He will now bring other like-minded, limp-wristed Rinos along so they can cave as a group.
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Reply 22 - Posted by:
Spidey, 1/5/2013 3:52:37 PM (No. 9100608)
What kills me is this bogus argument the left puts out there hat debt ceiling fights lead to a credit downgrade when it´s actually new spending and declining revenues that´s the problem.
It´s really distressing that people trying to keep a lid on the debt have become national villains. These are the people who make it possible to make absurd demands that the president should be allowed to raise the ceiling any time he wants. There´s almost no chance that the debt will be $20 trillion by the time Obama leaves office,especially with the huge costs of Obamacare on the horizon.Instead of expanding or hiring more people,business will be strapped for all these unnecessary costs rammed down their throats.
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Reply 23 - Posted by:
Ida Lil, 1/5/2013 4:05:49 PM (No. 9100618)
As Ron made famous --Here we go again- all negative ranting without an ounce of support. The dems don´t have to crush the GOP critters the so called party members do it for them. But don´t get stressed because the Liberal nancy and others are trying to invoke the 14th amendment to allow any amount they want to spend. Ain´t just wonderful how they can be so 100 percent to claim that outdated national operating plan when they want.
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Reply 24 - Posted by:
horacer, 1/5/2013 4:20:25 PM (No. 9100626)
#23 is right on, the downgrade will come if we have no credible plan to deal with our deficits and debt. Obama is inviting a downgrade. That would force bernanke to create even more phony money to buy treasury debt, no one else wants it.
To make matters worse the student loan bubble is about to burst. 90 day plus delinquent loans are soaring.
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Reply 25 - Posted by:
aeroguy48, 1/5/2013 4:41:29 PM (No. 9100642)
A reminder obama signed every single one of the friggen spdnding bills, so he Must be held accountable.
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Reply 26 - Posted by:
snapper451, 1/5/2013 4:57:16 PM (No. 9100655)
Be ruthless this time and shut everything down. Bring the Marxist to his knees and humiliate him!
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Reply 27 - Posted by:
Cleanhousein2012, 1/5/2013 5:31:18 PM (No. 9100694)
24 - this isn´t negative ratings without support. Reality is, Republican leadership begged for our support, we´ve given it to them, and the result is Boehner folds like a house of cards after an appropriate amount of Kabuki.
A lack of trust and confidence is well deserved and earned by the idiots in DC. I simply don´t believe they´ll do the right thing.
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Reply 28 - Posted by:
hamrman, 1/5/2013 5:39:56 PM (No. 9100707)
This blabbering arrogant bully needs to be stopped now, so the rino´s had better grow some coconuts or before long we will all be living in the Gulag Archipelago!
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Reply 29 - Posted by:
CEP, 1/5/2013 7:19:10 PM (No. 9100782)
So Obama wanted the debt ceiling where it is, now he is blaming Congress for giving it to him and wants to now raise it higher? Let the government not pay it´s bills they will soon find out what we all know if we do not pay our bills or have the money to pay our bills, we do without or budget differently.
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Reply 30 - Posted by:
Trigger2, 1/6/2013 6:08:29 AM (No. 9101095)
A couple of questions: 1) who racked up the trillion dollar bill for Death? 2) who racked up the billion dollar bill for Dodd-Frank? 3) who racked up the bill for shafting bond holders and turning over 2 car companies to the union? 4) who racked up the loss for the failed stimulous which just turned money over to the favored bundlers and elitists? 5) who racked up the bill for cash for clunkers which shredded over 650,000 vehicles instead of recycling them? 6) who racked up the bill for Solyndra and other bankrupt failed solar companies? 6) who racked up the bill for handling over billions to every muslim country they could find? 7) Etc.
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