Obama asks Congress for $1.2 trillion increase in nation’s borrowing limit

Discussion in 'Politics' started by Matthew, Jan 12, 2012.

  1. Matthew
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    Matthew Blue dog all the way!

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    Obama asks Congress for $1.2 trillion increase in nation’s borrowing limit
    Washington Post ^

    Obama asks Congress for $1.2 trillion increase in nation’s borrowing limit - The Washington Post

    WASHINGTON — President Barack Obama is asking Congress for another $1.2 trillion increase in the nation’s debt limit.

    The request is largely a formality. It’s the third and final request the president is allowed under a deal the White House and lawmakers reached in August to prevent a government default.

    But Republicans are likely to use the election-year request as an opportunity to criticize the president’s spending policies.

    Congress has 15 days to reject the president’s request. The White House says Obama would veto any objections in order to avoid a default.

    Obama originally planned to make this request in late December. But with Congress on vacation until mid-January, lawmakers asked Obama to delay his request so they could vote on the matter when they return.


    (Excerpt) Read more at washingtonpost.com ...

    BIG SPENDER AND GOVERNMENT OBAMA. Time to remove this sucker!
     
  2. occupied
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    occupied Gold Member

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    So do you think they will flip Obama the bird and go back on their agreement?
     
  3. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Doubt it, they (GOP) took a hit over the payroll tax extension, and won't want to make another mistake. Probably be a lot of posturing about spending too much, but they made a deal and need to abide by it.
     
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  4. CaughtInTheMid
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    CaughtInTheMid Active Member

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    wherever bin laden is, he's gotta be laughing his slimy ass off that we took his bait hook, line and sinker.
     
    Last edited: Jan 12, 2012
  5. Conservative
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    Barack Obama

    Barack Obama

    Those are the truest words Barack Obama ever spoke.

    Of course, they only apply when it's a Republican President trying to raise the debt ceiling... right Mr. President???
     
  6. Matthew
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    Matthew Blue dog all the way!

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    The left truly doesn't give a damn about how much debt we're in. Greece, Italy, Germany of the 1930s and the collapse of the USSR all tell us it is very bad to be deeply in debt. Seriously, why do you think we can get away with spending our selfs deep into debt without collapse?
     
  7. CaughtInTheMid
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    CaughtInTheMid Active Member

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    if you had said the "left and right" instead of just "left", you would be spot on. just take a look at a national debt chart. heck, here's one with estimates on it...

    [​IMG]
     
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  8. Chris
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    Chris Gold Member

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    90% of our debt was created by Reagan and Bush cutting taxes for the rich.

    Obama has gotten us out of Iraq, that will save billions.

    The Bush tax cuts expire at the end of this year. Obama has already said he will not renew them. That will cut billions more off the deficit.

    The automatic spending cuts start in Jan. of 2013. That will save billions.

    And the economy is growng. That will save billions more.

    Now if we can just cut the defense budget, Obama will have this problem solved.
     
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  9. Conservative
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    you said he already solved it.

    Were you... lying???
     
  10. Nova78
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    Nova78 Silver Member

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    Obama:cuckoo: asks Congress for $1.2 trillion increase in nation’s borrowing limit


    Need to flush that turd down the toilet ! :eusa_clap:
     

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