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Obama wanting debt limit hike with no cuts ‘almost took my breath away’

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posted on May, 18 2012 @ 02:47 PM
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Yes, Obama wants yet another bump in in the debt limit ceiling. NO CUTS! Just MORE spending.

When is enough enough? Boehner actually supports the ceiling hike as long as there are cuts and reforms that are LARGER than the debt limit increase. It still sucks but that pill is easier to swallow than an increase without any reform or cuts.


“When the president told me yesterday that he wanted a clean increase in the debt limit, it almost took my breath away,” said Boehner, referencing his meeting with President Obama on May 16.

“We had this debate last year. I reminded the president that when we put that idea on the floor of the House it got about 20 votes and over 400 members against it. The problem is the debt. The problem is the spending. Washington keeps kicking this can down the road, kicking this can down the road, just like our friends across the Atlantic, and look at where they are. We have time to act. Why don’t we act on our own?”

Boehner also told reporters the $15.7 trillion debt is a “wet blanket” over the U.S. economy.

“Our debt and our deficit act as a wet blanket over our economy causing employers and investors to wonder about is Washington going to act,” he said.

“The sooner that we deal honestly with our long-term debt and our budget deficit, the sooner the skies begin to clear and more certainty comes so that American employers can do what they do best, put Americans to work.”


Read more: dailycaller.com...

Houston, we have a problem... Boehner mentioned our friends across the Atlantic. Yes, we should learn from their mistakes..
edit on 18-5-2012 by jibeho because: (no reason given)




posted on May, 18 2012 @ 02:50 PM
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Just let the damn thing collapse, already. This foolishness needs to end NOW.



posted on May, 18 2012 @ 02:54 PM
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reply to post by jibeho
 


No more spending.

Obama is purposly trying to ruin the country.

If it takes austerity now, then so be it!



posted on May, 18 2012 @ 02:54 PM
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POTUS should take all the funds donated by his adoring fan club, apply that to our National debt. Have Hollywood movie moguls chip in a few billion to sweeten the pot. He's more concerned about his campaign coffers, than the burdening debt piling onto us, the taxpayers......


Des







edit on 18-5-2012 by Destinyone because: (no reason given)



posted on May, 18 2012 @ 02:58 PM
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Let the ceiling fall on their stupid #ing heads.

Hope it breaks their necks and cripples their corporate masters.



posted on May, 18 2012 @ 03:06 PM
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Raising the debt ceiling is unpatriotic this guy always tries to have it both ways.
edit on 18-5-2012 by neo96 because: edited cause people might cry about that statement.



posted on May, 18 2012 @ 03:12 PM
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Originally posted by beezzer

Obama is purposly trying to ruin the country.

If it takes austerity now, then so be it!

Too late.
Do you realize that when adding to the debt, they don`t include the over-runs from Medicare, Medicaid, or

Social Security.

We are at the point of no return, including those 3, Americans even taxed at 100% would not raise enough

money, we would still be at a deficit.

Don`t get me started about the TRILLIONS owed to Freddie and Fannie



posted on May, 18 2012 @ 03:14 PM
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Austerity will kill growth, if the foolish still do not know by now. Look at EU and what's happening to UK with their 'solution' as austerity.

When the nation is doing well, that's the best time to have 'austerity'. Cuts to make on the redundant so that pain can be avoided at all levels in society.

When the nation is in a rut, the only way is to SPEND, but spend WISELY, not on bailouts, espacially on banks on finance institutions whom will only hoard up the money to balance their unwise and reckless expenditures, BUT on creating jobs and growth in the economy.

For every dollar spend, the authorities MUST make sure they get $2 in the least back. That is called 'wise' spending. It comes with returns and circulated wealth and will grow the economy.

Method to do is NOT by creating gov jobs alone, but in the private sectors to protect and promote jobs, infrastructure spending on the necesary such as roads, rail, power lines, to facilliate increase productivity in supply chains, in education to upgrade the skills of workers to take on higher valued jobs, promoting American brands through international trade, etc.

Think out of the box. It's the american way and had proven successful since independence. The current malaise is due to apathy by the masses and letting the rich elites do the thinking for mankind. And elites are ever selfish, for they know the room at the top is limited, and would need slaves and apple polishing fools to fill the bottom support base, to support their way of life.



posted on May, 18 2012 @ 03:18 PM
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Hes making ron paul sound better and better



posted on May, 18 2012 @ 03:21 PM
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To me, Obama requesting such a thing is a last straw effort.....

We are effed. But when will it happen? I'm in sales, and am struggling to convince anyone to spend their hard earned money.



posted on May, 18 2012 @ 03:21 PM
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I'm talking real austerity.

End Dept. Homeland Security
End Dept. of Education (send it back to the states)
Bring all troops home.
End foreign aid.
End Dept. Health Human Services (individual states).


Off the top of my head, THERE'S your austerity!!!



posted on May, 18 2012 @ 03:37 PM
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Originally posted by SeekerofTruth101
Austerity will kill growth, if the foolish still do not know by now. Look at EU and what's happening to UK with their 'solution' as austerity.

When the nation is doing well, that's the best time to have 'austerity'. Cuts to make on the redundant so that pain can be avoided at all levels in society.

When the nation is in a rut, the only way is to SPEND, but spend WISELY, not on bailouts, espacially on banks on finance institutions whom will only hoard up the money to balance their unwise and reckless expenditures, BUT on creating jobs and growth in the economy.

For every dollar spend, the authorities MUST make sure they get $2 in the least back. That is called 'wise' spending. It comes with returns and circulated wealth and will grow the economy.

Method to do is NOT by creating gov jobs alone, but in the private sectors to protect and promote jobs, infrastructure spending on the necesary such as roads, rail, power lines, to facilliate increase productivity in supply chains, in education to upgrade the skills of workers to take on higher valued jobs, promoting American brands through international trade, etc.

Think out of the box. It's the american way and had proven successful since independence. The current malaise is due to apathy by the masses and letting the rich elites do the thinking for mankind. And elites are ever selfish, for they know the room at the top is limited, and would need slaves and apple polishing fools to fill the bottom support base, to support their way of life.


You totally invalidate your point in your last paragraph. "letting the rich elites do the thinking for mankind." You advocate letting the government spend, so you're trusting the elites to spend the money you give them "on creating jobs and growth in the economy." See the problem? They have shown they can't do that wisely, so you want to give more?

Doesn't really surprise me that Obama asks for more without appropriate cuts.
Now, it's time for Republicans to walk the walk and stop overspending on defense. Of course, who's going to go collect from a nation with a beastly military? ah well. "Don't pay your tab and carry a big stick." Isn't that how it goes?



posted on May, 18 2012 @ 03:41 PM
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reply to post by beezzer
 


With the addtion:

Privatize: Social Security,Medicare,Medicaid,Fanny,Freddy,student loans


More people are consuming other peoples money than making their own and when they have more money that is the double whammy:

People have more money thus no need social programs to the extent as the exist now
Government burden is lifted off us

Which means more tax revenue will be generated
edit on 18-5-2012 by neo96 because: (no reason given)



posted on May, 18 2012 @ 04:11 PM
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Regardless of which budget you put into place, neither will get paid down.

Just think about it w/o all the zeroes. Trillion is a thousand billion and what have the deficits been under Barry? We'll say $1.3T since '10, so that $3.9T. Say some way the gov't is able to trim all that deficit and apply $2 B a week to the $3.9T owed... it is going to take nearly 40 years to pay that down as long as for the next 40 years the budget is always running out of the red.

That's not going to happen and we know it. Yes I've simplified the math to make it approachable by payments, but when has any gov't stopped spending $?

Derek



posted on May, 19 2012 @ 12:57 PM
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Originally posted by MeesterB
You totally invalidate your point in your last paragraph. "letting the rich elites do the thinking for mankind." You advocate letting the government spend, so you're trusting the elites to spend the money you give them "on creating jobs and growth in the economy." See the problem? They have shown they can't do that wisely, so you want to give more?


1. I did not advocate letting the rich elites do the thinking for mankind, do make that clear.

2. The gov are the elected representatives of the people, entrusted to administer the state. If not them, then who? The rich elites? Letting the foxes into the chicken coop?

All it needs is the People to wake up, wize up to who they are electing to Congress to make a difference. If they fail, or are self serving, they can be booted out in a democracy.

3.I hope elected representatives are not as unaware about social economics as you are. There is NO need to entrust or depend on the rich elites to spend money given by taxpayers or do the thinking for society. They had failed, and now it is up to the People to teach, tell and help them on what they need to do.

For gov funding of private enterprise as part of the economic growth and anti-austerity programme, there are several ways to go about it.

One of them is to identify SUCCESSFUL private enterprises, with large pool of workers, but face cash flow problems as banks are not lending or lending enough, and thus have to retrench workers - the gov can step in, by offering tax rebates, loans or partial salary/food vouchers so that that company can continue its successful operations, not retrench staff, and expand with income earned. Eg - hotels, manufacturing, services, etc, identified by the state level and supported through Federal fundings.

This programme is not and must not be across the board, and most certainly must NEVER be use to support banks whom will only hoard up their balance sheets. Companies whom had not shown profit or good management, producer of shoddy or poor qualilty services/goods or without any relevance to the market place will not be allowed to tap into this programme, but to let die, so that the workers and their employers can be freed up to join better companies to expand in a marketplace that had had been made level.

With employment, money will be circulated leading to growth of secondary local economies, boosting up tax revenues from GDP growth. This is only one of several 'spending wisely' programmes for growth. Thus, never, ever touch 'austerity programmes' when times are bad such as now. It is poison, an enslavement trap, if not doom to free-mankind.

Throughout it all, when good times return, no one must ever forget what the People had extended out to each other during bad times. A debt of honor to be repaid back to the next generations or the next time when SHTF.



posted on May, 19 2012 @ 12:59 PM
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reply to post by jibeho
 


How about more revenue?

We have been cutting for three years-



posted on May, 19 2012 @ 01:00 PM
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Originally posted by beezzer
reply to post by jibeho
 


No more spending.

Obama is purposly trying to ruin the country.

If it takes austerity now, then so be it!


Lets turn into Greece, yahhooo!



posted on May, 19 2012 @ 01:09 PM
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I was actually watching C Span when Boehner said that. I liked Boehner when he first made it to Speaker, then it seemed like he was making too many concessions, but really, this is what happens when we have a Prez who is so self involved and involved with a leftist Marxist radical group of ideologists using Cloward Piven methodology to overwhelm the system to at last bring the communist system to America even in the midst of Tea Party opposition. The infamy of this behavior will go down in the history books. But will the history books praise the Progressive as they still praise FDR and WIlson?
edit on 19-5-2012 by ThirdEyeofHorus because: (no reason given)



posted on May, 19 2012 @ 01:13 PM
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Originally posted by braindeadconservatives

Originally posted by beezzer
reply to post by jibeho
 


No more spending.

Obama is purposly trying to ruin the country.

If it takes austerity now, then so be it!


Lets turn into Greece, yahhooo!




I'm guessing that is the actual plan. Their plan has been to collapse the system and then bring in the One World Govt and a One World Currency as the solution. At the moment they are diminishing the dollar as just one of a number in a "basket of currencies". Soros wants the Euro to succeed and make Britain come into the European Union.

Believe it or not, Glenn Beck was discussing this a couple weeks ago. Yes, we need a bit more austeriy in government spending, or actually we need a lot for it to even make a dent, but high taxes will kill any economic recovery which would still be possible after the frikken Democrats have regulated the market to death.

Here is an excerpt from The Blaze

One component leading to the unrest across the eurozone has been the enactment of austerity measures. Billed as an answer to the European sovereign debt crisis, austerity measures focus on achieving reduced levels of spending primarily through cutting public services and programs. This is done so that taxes need not increase to compensate for deficits. Needless to say, whenever public and social services are cut, those who champion said programs, particularly on the left, are bound to pose strong resistance. Such has been the case across europe, specifically Greece. With the exit of Sarkozy, German Chancellor Angela Merkel is perhaps the only pro-austerity leader left in Europe.


And on the neo Nazi party gaining power in Greece


It might also be worth noting that “Golden Dawn” takes its name from a “magical order” of Freemasons who practiced in the late 19th and early 20th century Britain. The order has been cited one of the greatest influences on Western occultism.


Beck, who believes the Greeks have simply reached a saturation level and no longer trust their government, are vulnerable enough to succumb to the message of parties like Golden Dawn. Michaloliakos began by attacking the banks for “stealing” from citizens and then added fuel to the fire when he blamed illegal immigrants for exacerbating the problem by living off the country’s resources without contribution in return. Beck warned viewers to observe carefully as events unfold in Greece as that is where America is likely headed if the country stays on its current trajectory. That same type of worldview, according to Beck, will resonate with Americans in the years ahead

www.theblaze.com...

www.glennbeck.com...
It is time to stop the ridiculous spending in the US. Obama got us into the Libya mess and now the liberals refuse to cut social programs and are angry that the Republicans won't cut defense. Obama needs to get us out of the Libyan mess. Libya seems to be Obama's "Good War" just like Kosovo was Clinton's Good War.

edit on 19-5-2012 by ThirdEyeofHorus because: (no reason given)

edit on 19-5-2012 by ThirdEyeofHorus because: (no reason given)

edit on 19-5-2012 by ThirdEyeofHorus because: (no reason given)

edit on 19-5-2012 by ThirdEyeofHorus because: (no reason given)



posted on May, 19 2012 @ 01:49 PM
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Originally posted by beezzer
I'm talking real austerity.

End Dept. Homeland Security
End Dept. of Education (send it back to the states)
Bring all troops home.
End foreign aid.
End Dept. Health Human Services (individual states).


Off the top of my head, THERE'S your austerity!!!


Yes, agreed. Oddly enough it aounds a lot like Ron Paul's idea.



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