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Home Front: Politix
Obama takes firm stance on debt ceiling debate
2013-01-16
[FRANCE24] President Barack Obama
The Cambridge police acted stupidly...
warned Monday that unless Republican politicians agree to raise the US sovereign debt ceiling the country could face a new economic crisis and global markets could go "haywire."

"To even entertain the idea of this happening, of the United States of America not paying its bills, it is irresponsible, it is absurd," Obama said, repeating his demand for a debt limit rise.

"We are not a deadbeat nation," the president said in his final presser of his first White House term, pinning responsibility for the government's deficit spending on Congress, which passes spending bills.

"While I'm willing to compromise and find common ground over how to reduce our deficits, America cannot afford another debate with this Congress about whether or not they should pay the bills they've already racked up."
Posted by:Fred

#6  "We are not a deadbeat nation," the president said...

Not yet anyway. But we all have faith that you will continue to work in that direction, Mr. President.
Posted by: Ebbang Uluque6305   2013-01-16 11:56  

#5  Threats Now?
Who'll take down Obooboo.
Posted by: Redneck Jim   2013-01-16 07:17  

#4  OOOOPPPPPPSSSIES, forgot TOPIX, WORLD NEWS > OBAMA ON CONGRESS [+ "Fiscal Cliff Deal"]: "THEY FORCE ME TO SPEND".
Posted by: JosephMendiola   2013-01-16 00:28  

#3  Under OWG + NAU, the Mexicans + Canadians + Greenland Govts-Citizens will absolutely positively categorically undeniably .... @etc.
give the US Govt. $$$ to pay its soon-to-be-outdated US$16.4Trilyuhn Debt Ceiling, + widout having the US to pay anything back!

MUST BE BECAUSE THE US DEMOLEFT + GLOBALISTS SAY SO.

Yuuuuuppp.

FYI as per FOX NEWS + DEBT CLOCK.ORG, as of January 15, 2013 US DEBT IS NOW US$16.445Trilyuhn + still rising.

["WAYNE'S WORLD" SMILING "THUMBS UP" here].
Posted by: JosephMendiola   2013-01-16 00:25  

#2  Well considering that the US can only pay 60% of its bills with the current tax receipts... and we don't want to cut off any of that yummy government cheese... the spending spree will continue.

Until the US credit card is no longer accepted. Then all hell will break loose.
Posted by: DarthVader   2013-01-16 00:20  

#1  IIRC the 14th Amendment to the US Constitution reuires + supports that the US as a Nation "pay its debts" + obligations + "live widin its means" which IMO only strongly infers "balanced budget" but NOT support for the concept of frivolous deficit spending, i.e. spending $$$ just because we can espec when the national budget is NOT in balance or in the black???

Where "budget surplus" now means "deficit/debt reudction" where the national budget remains prennially in the negative.

BECAUSE CLEARLY STATUTORY "... NOT GREATER THAN 6% OF GDP" = "37%" AND STILL COUNTING".
Posted by: JosephMendiola   2013-01-16 00:16  

00:00