Obama Demands raise Debt Limit

Discussion in 'Politics' started by Nova78, Jan 14, 2013.

  1. Nova78
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    Nova78 Silver Member

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    Obama demands quick action to raise debt limit | US National Headlines | Comcast

    President Barack Obama demanded on Monday that lawmakers raise the nation's $16.4 trillion federal debt limit quickly, warning that "Social Security benefits and veterans' checks will be delayed" if they don't and cautioning Republicans not to insist on cuts to government spending in exchange.

    "They will not collect a ransom in exchange for not crashing the economy," he said at the 21st and final news conference of his first term. "The full faith and credit of the United States of America is not a bargaining chip. And they better decide quickly because time is running short."

    Obama the dictator "Demands" , we should demand he quits threaten the American people and quit bankrupting this Country.Spend and borrow-Spend and borrow, We now borrow 4 billion a day just to keep the lights on, Pure Insanity !
     
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    Last edited: Jan 14, 2013
  2. SniperFire
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    SniperFire Senior Member

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  3. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Its not a threat you fucking moron. If the government can't borrow more social security obligations cannot be met - unless you'd prefer we discharge the military and abandon national defense instead.


    Are you so fucking stupid that you don't realize social security benefits and veterans checks have to come from somewhere?
     
  4. RetiredGySgt
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    RetiredGySgt Platinum Member

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    Wrong, you all played the 14th Amendment. It states DEBTS must be paid. That means with out a debt raise the Government has to use revenue it has and must FIRST pay debts owed including to Veterans and Social Security.

    Funny how that works. Ohh and there is more then enough revenue to pay the obligated debts.
     
  5. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    It can't pay those debts if it doesn't have the money to pay them genius. My fuck did the Army require a H.S. diploma when you signed up?
     
  6. BlindBoo
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    BlindBoo Gold Member

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    I hope the President doesn't cave like he was prone to in his first term. I don't think the Republicans will take the chance to be seen as having crashed the economy but perhaps they want to be the first Congress to refuse to raise the credit limit of the USA and they want us to default on our obligations. The brinkmanship could cost us another downgrade like it did last time.
     
  7. Seawytch
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    Seawytch Information isnt Advocacy

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    Do you people realize that the last debt ceiling debacle cost us over a billion dollars in additional interest rates? Stop fucking around with our full faith and credit.
     
  8. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    A "downgrade".

    LOL. When our debt was so called "downgraded" interest rates dropped.
     
  9. Nova78
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    Nova78 Silver Member

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    “President Obama now threatens to withhold Social Security and other government checks if he doesn't get the Trillion-Dollar tax increases he wants. “This verges on political terrorism, threatening to hold senior citizens hostage.”
    Though there is more than enough tax revenue coming into the treasury to pay the interest on the debt as well as social security obligations, the issue is going to come down to prioritizating what gets paid and what does not. In other words, Obama appears to be quite willing to exploit the anxieties of senior citizens for his own benefit.

    The twisted irony is that Obama has already been shortchanging seniors through his economic policies. “Let's remember,” says Ponte, “that President Obama has already been picking the pockets of these same seniors by using financial gimmickry to deny them Cost-Of-Living Adjustments to their Social Security checks in 2010 and 2011, and he has said he plans other things to prevent Social Security increases for most recipients in 2012.”
     
  10. Nova78
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    Nova78 Silver Member

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    S.S is self funded with a surplus through 2037, potty mouth.
     

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