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Senate Clears Debt Limit Measure for Obama

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posted on Feb, 12 2014 @ 03:20 PM
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The U.S. Senate has passed their version of a bill to extend an unlimited debt ceiling all the way to March 2015.

Obama will undoubtedly sign this into law and they can spend like crazy with no shutdown threats.

Afterall, debt is a main contributing factor to economic expansion right?

Without massive Treasury securities selling, how can the government pay the old debts coming due in force?

The integrity of the U.S. is at stake.




After a dramatic Senate tally in which top GOP leaders cast the crucial votes, must-pass legislation to allow the government to borrow money to pay its bills cleared Congress Wednesday for President Barack Obama's signature.

The Senate approved the measure by a near party-line 55-43 vote. All of the "aye" votes came from Obama's Democratic allies.




Senate Clears Debt Limit Measure for Obama




posted on Feb, 12 2014 @ 03:29 PM
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Without massive Treasury securities selling, how can the government pay the old debts coming due in force?


Myra.

And those Repubiican weasels who just gave Obama a blank check.

Blah



edit on 12-2-2014 by neo96 because: (no reason given)



posted on Feb, 12 2014 @ 03:30 PM
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reply to post by xuenchen
 


The GOP just didn't have the votes to go any other way. Maybe, because they overplayed their hand last time....





posted on Feb, 12 2014 @ 04:07 PM
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xuenchen
The U.S. Senate has passed their version of a bill to extend an unlimited debt ceiling all the way to March 2015.

Obama will undoubtedly sign this into law and they can spend like crazy with no shutdown threats.

Afterall, debt is a main contributing factor to economic expansion right?

Without massive Treasury securities selling, how can the government pay the old debts coming due in force?

The integrity of the U.S. is at stake.




After a dramatic Senate tally in which top GOP leaders cast the crucial votes, must-pass legislation to allow the government to borrow money to pay its bills cleared Congress Wednesday for President Barack Obama's signature.

The Senate approved the measure by a near party-line 55-43 vote. All of the "aye" votes came from Obama's Democratic allies.




Senate Clears Debt Limit Measure for Obama




Why didn't you post the true tally of the votes which was 67-31. That's right republicans joined with the democrats to pass this. And the spend like crazy comment just shows you distorting the facts Obama is the smallest government spender since Eisenhower. It's funny how people fall for the Heritage Foundations propaganda.

Who is the smallest government spender since Eisenhower?



posted on Feb, 12 2014 @ 04:13 PM
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A gentle reminder, even though it falls on deaf ears for the most part: The debt ceiling, regardless of how high raised, does not authorize one penny of future spending. It ONLY deals with those expenditures created by Reagan, Bush, Clinton, Bush, and Obama in the past.

Only budgets and continuing resolutions provide for future spending.



posted on Feb, 12 2014 @ 04:16 PM
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reply to post by buster2010
 


Well that is a load of bullsnip

So if Obama is the 'smallest spender' then why prey tell all the DEBT spending INCREASES eh?

Besides Forbes does not take in to consideration of that thing called INFLATION.

Then there is that famous $800 billion dollar stimulus that 6 years later has jacksnip to show for it.

And then there is that EPIC trillion dollar farm bill.

And then there is the fact that when Obama took office the national debt was $10 trillion.

5 years later it's $17 trillion.

But then again Presidents don't write their spending bills.

2006 to 2010 the House was controlled by WHO ?

Oh yeah Obamas party.

So when Forbes tries to pass that off on Bush you can't get any more intellectual dishonest.



posted on Feb, 12 2014 @ 04:25 PM
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Obama the smallest 'spender'

My evil right wing buttocks!



“The farm sector continues to be one of the strongest sectors of the U.S. economy, with net farm income expected to increase 13.6 percent to $128.2 billion in 2013, which would be the highest inflation-adjusted amount since 1973,” it pointed out. “With the value of both crop and livestock production at all-time highs, income support payments based upon historical levels of production can no longer be justified.”




The bill expands crop insurance subsidies, which the president had targeted for reduction because of their wasteful, distorting impact on both the federal budget and farmers’ use of land, labor and capital. … Worst of all, it creates two new programs — Agriculture Risk Coverage and a Supplemental Coverage Option — which, taken together, all but guarantee beneficiaries’ revenues never fall below 86 percent of their earnings during years of high crop prices, according to estimates by Montana agricultural economist Vincent H. Smith. This federal largess is subject to no significant means-testing. In fact, people making up to $900,000 in adjusted gross annual income can qualify for payments. Why would a president concerned about inequality endorse such welfare for the prosperous?


hotair.com...

Source article:

www.washingtonpost.com...

Yeah Right!

Obama the 'fiscal conservative' !!!

That can't get any more laughable.



posted on Feb, 12 2014 @ 04:39 PM
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reply to post by buster2010


Why didn't you post the true tally of the votes which was 67-31. That's right republicans joined with the democrats to pass this. And the spend like crazy comment just shows you distorting the facts Obama is the smallest government spender since Eisenhower. It's funny how people fall for the Heritage Foundations propaganda.

 


I did.

from OP:


The Senate approved the measure by a near party-line 55-43 vote. All of the "aye" votes came from Obama's Democratic allies.


And Obama is the biggest spender of all time.
Look at the real figures.


and they've added around $600 billion to the national debt since Oct 1st (the start of fiscal year 2014)
Debt is Debt





posted on Feb, 12 2014 @ 05:13 PM
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what a looser he is, we the people pay his salary and he wants to sing a song, how about a song about retirement or quitting would be more appropriate, he acts like this is a joke.



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