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Treasury Secretary Jack Lew told “Fox News Sunday” that President Obama will neither sign government funding bills that slash domestic spending nor negotiate with Republicans over spending cuts to reduce the federal debt limit.
However, he would not say whether the president would veto proposals and put the responsibility on Capitol Hill.
“Congress has to do its work," Lew said.
Oh Oh !!
Lew continued by saying that Congress might actually move in the other direction by replacing sequestration’s automatic spending cuts. He specifically cited Sens. Lindsey Graham (R-SC) and John McCain (R-AZ) as possible negotiators with the White House – he said they would be meeting with White House staff to discuss other spending options. On NBC’s Meet the Press, Lew said, “What the president said - and has written to Congress is - that they cannot fix the problems created by the across-the-board cuts-- known as sequestration by cutting domestic priorities in order to fund defense. That's unacceptable…He won’t sign that.”
Treasury Secretary Lew: Read Our Lips, No New Spending Cuts
Originally posted by xuenchen
Obama supporters, please explain His 'logic' and show us how we can solve the economic problems.
Originally posted by beezzer
Raise taxes, I mean increase patriotic revenues.
Originally posted by links234
Originally posted by beezzer
Raise taxes, I mean increase patriotic revenues.
See? Even beezzer knows what to do. We should spend more.
Seriously.
Originally posted by links234
Originally posted by beezzer
Raise taxes, I mean increase patriotic revenues.
See? Even beezzer knows what to do. We should spend more.
Seriously.
Originally posted by marg6043
reply to post by benrl
The reason for presidential candidates inability to fulfill what they promise to the voters is because our political parties are not in charge of the nation, they have not been in a long time, what they do is taking money from the private interest elite group that actually runs the nation, they are the ones screwing the hard working Americans in order to keep preserving their wealth and the profits of their associates
The shadow government is real very real and still very much in power and remember that the spying on the nation is run by private interest supposedly working under the government by contracts, is call leverage.
Originally posted by links234
reply to post by xuenchen
More infrastructure spending. More medicare spending. More social security spending. All the while raising the upper tax rate to 50%.
Originally posted by xuenchen
OOOO that all sounds soooo scrumptious !!
Does your plan have any facts and figures and how all this would be beneficial to ALL Americans ?
Who would benefit more and who would suffer more ?
How would private industry be involved and/or affected ?
How much more revenue would a 50% tax bracket bring in. Include projections for revenue declines.
Senate Republicans blocked a $60 billion infrastructure bill Thursday, making the bill the second piece of President Obama’s jobs proposal to be voted down in the Senate.
Republicans and a few Democrats filibustered the broader $447 billion jobs bill last month. The vote came is a scripted floor exchange, with Democrats expected to quickly defeat an alternative GOP infrastructure funding bill. The bill garnered 51 votes--not enough to overcome the 60-vote cloture threshold.