Obama Wants More Debt
Boy… Remember the days when TRILLION DOLLAR increases to our debt weren’t a routine decision every few months?
WASHINGTON (Reuters) - President Barack Obama formally notified Congress on Thursday that he plans a $1.2 trillion increase in the U.S. debt limit, prompting Republicans to level election-year charges that deficits are out of control.
Obama, in a one-sentence letter to House of Representatives Speaker John Boehner, the top Republican in Congress, said “further borrowing is required to meet existing commitments.”
The proposed increase would push the debt ceiling to $16.394 trillion.
Just say no.
Greece here we come…
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 0552 hrs
As I read this I got a funny taste in my mouth - I think I threw-up a little. We’re done; there’s no way we can ever pay this back; our economy is beyond repair and, short of “cutting the guts out of the federal government, no future President will ever get this fixed. And to top it off Obozo has another two kicks at the cat without legislative checks before we finally install someone else a year from now.
I have to agree with Bill.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 0637 hrs
Here’s a preview:
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 0815 hrs
What was the debt level when he took office?
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 0826 hrs
I believe that it was 9 trillion when he took office.
Posted by Jason on January 13, 2012 at 0923 hrs
Oh yeah, 9 trillion was fixable because a lot of it was Republican or bipartisan debt, but 16 trillion is right out. Apocalypse, we’re done. I’ve got news for ya, 13+ trillion under McCain would not have been any better because it would have been the ‘conservative’ party and Dems would be crushing the polls and Keynesian policies would still be in the wings instead of most of the way to the scrap heap.
The parties are broken and will remain that way until someone goes way overboard on our own austerity measures and we start paying off our debt.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1112 hrs
I wonder what if would’ve been if the Bush tax cuts hadn’t created all those jobs and generated all that additional revenue through the wild expansion of the economy we saw in the last decade?
Oh… wait. You mean Bush was the first president to see negative job growth on his watch since Herbert Hoover? AND he pushed through an enormous unfunded prescription drug benefit that we’re still shackled with? And we still haven’t gotten rid of the tax cuts? And Bush and the GOP Congress never bothered cutting spending to offset the losses in revenue? And we’re still spending money on all those things today?
Yeah, we are screwed. But mostly in the last ten years, we’ve been screwed by this ongoing hocus-pocus belief that cutting taxes on rich individuals (most of whom, by and large, are NOT “job creators”) does nothing but blow giant holes in federal revenue, and because the GOP never actually has the stones to cut spending when it has the political opportunity to do so.
Someone bring back Newt and Bill Clinton, please. At least they knew how to get things done.
Posted by Recess Supervisor on January 13, 2012 at 1152 hrs
Nice try RS, but this is Obama’s economy now, and he needs to be held accountable.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1226 hrs
Bush’s national debt - the gift that keeps on giving.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1256 hrs
Strawman lately?
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1259 hrs
Pelican, you are right, this is Obama’s economy and he needs to be held accountable for his portion. But to turn a blind eye to what he was given and stepped into is just ignorant.
Because if Obama is booted from office, and the Republican president doesn’t get the economy in shape all we are going to hear from you guys is: “Obama caused all of this and THAT is why we can’t get out of it!” Will you hold your own party to the same standard you are holding this one too? What level of increase will you find acceptable for YOUR candidate.
Both sides are hypocrites.
FYI: When Bush took office the debt was 5.7 trillion. When Obama took office it was 10.6 trillion.
http://www.weeklystandard.com/blogs/obama-vs-bush-debt_537207.htmlPosted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1314 hrs
But to turn a blind eye to what he was given and stepped into is just ignorant.
I agree with that. I also think it’s ignorant to turn a blind eye to all the promises he made while campaigning for the job that have been unfulfilled. He has no one to blame but himself for that. And that’s something that I feel against ANY party.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1319 hrs
It’s not deficits that are out of control. It is the men and women that we have elected to leadership in this country that are out of control, and as much as I would love it if they were all aliens from another planet, the fact of the matter is, they came from us. Our own society has created this monster, and it is eating us alive. At least part of the problem is that, along the way, we have created a political system in which people with real common sense gained through living within their means can seldom be elected to public office much above the local level. Sure there are exceptions, but even those who come from common sense origins wind up beholden to the power and money necessary to gain political office. We’ve forsaken the heritage of our forefathers and become the very thing that they fought against, and we have no one to blame but ourselves, and nowhere left to go to start over.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1702 hrs
Everyone will need to sacrifice. That is the inevitable solution.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 1705 hrs
Our children will sacrifice dearly. That’s what’s inevitable.
Posted by .(JavaScript must be enabled to view this email address) on January 13, 2012 at 2215 hrs
Since Obama took over, he has raised the debt by $7 trillion dollars. Yes, at the end of Bush’s 8 years, the economy was not that great, but certainly better than it is now and the first 3 years of the Obama administration.
Further, for most of Bush’s terms, the economy was pretty good, though I am sure it could be arguded that it was built on a house of cards and it started to collapse in the last year or so of Bush’s term.
However, Obama and the Democrats have screwed things up and that cannot be argued. But whether it is coincidence or not, now that the GOP has the U.S. House, some things in the economy seem to be getting better.
But no matter who gets into office- Congress and president, our future is pretty much screwed and most everyone over the age of 18 is to blame but the ones under 18 are the ones who will be hurt the most.Posted by .(JavaScript must be enabled to view this email address) on January 14, 2012 at 1905 hrs
...and because the GOP never actually has the stones to cut spending when it has the political opportunity to do so.
Someone bring back Newt and Bill Clinton, please. At least they knew how to get things done.
The first line (not too out of context) is what Republican conservatives cannot seem to comprehend. Liberals have little understanding of irony and no idea what hypocrisy means. The conervative weakness is believing that the Republicans will make it all better.
The second line seems to put you right back in with the deluded ones, RS. Name one thing that Newt or Bill did that did not contribute to the problems today. Compromise ‘American politics’ style means: ’ Il’ll let you have your money there if I get my money here.’ Did they decrease anything in Government? Dem/Rep compromise has not been had any good solutions for a generation, and I don’t see it being a solution to the current crises.
Posted by .(JavaScript must be enabled to view this email address) on January 16, 2012 at 1007 hrs
Whoa, I just read my own last comment. Ever have one of those days?
Posted by .(JavaScript must be enabled to view this email address) on January 17, 2012 at 0831 hrs
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