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Thread: Obama Hammers Congress: Do Your Job

  1. #31
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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by Spaceman_Spiff View Post
    Since you are fine with not raising the debt ceiling, then what spending cuts do you want so essentially the budget balances as of August 2?

    The thing I find amazing is I do not think the Republicans realize how much power over payments they will be giving President Obama if they choose to not raise the debt ceiling. If it is not raised, then the Treasury Secretary has discretion who will get paid and who does not.

    Personally, I like David Frum's idea that President Obama ought to channel his best LBJ impression, and threaten to withhold federal funds from red states if Republicans do not choose to raise the debt ceiling. Maybe delay or stop sending out reimbursement payments for Medicare and Medicaid to doctors, Social Security payments to senior citizens, and payments to any other Republican constituencies. I am sure they won't whine if President Obama gave them what they want and removed all elements of the welfare state in their states.

    The other theory I see political commentators and economists bring up with increasing frequency now is that due to the Section 4 of the 14th Amendment, President Obama will be obligated to do whatever he has to in order to ensure that the United States does not default. So if that means he orders the Treasury Secretary to ignore the debt ceiling and continue to sell whatever treasury bonds are required, then that what will be what is done.


    Either way, watching the potential collapse of our nation's economy in slow motion has never been this fun.
    I hope so. I do hope so. I'm so angry. I honestly hope that they remain in lockstep, and the President handles it from there, and it hurts.

  2. #32
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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by BDBoop View Post
    And from Fox News.

    "If we choose to keep those tax breaks for millionaires and billionaires, if we choose to keep a tax break for corporate jet owners, if we choose to keep tax breaks for oil and gas companies that are making hundreds of billions of dollars, then that means we've got to cut some kids off from getting a college scholarship, that means we've got to stop funding certain grants for medical research, that means that food safety may be compromised, that means that Medicare has to bear a greater part of the burden," he said.
    Read more: Obama's Scolding of Republicans Inflames Debt Talks - FoxNews.com
    what I think I like even more about this than the fact that it's inaccurate, is that he later went on to say he wasn't going to use scare tactics

  3. #33
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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by katiegrrl0 View Post
    Name any President that had meaningful legislation to reduce the debt.
    Warren G Harding.

    Calvin Coolidge.

    Harry Truman.

    Andrew Jackson.

    According to the Republican icon Reagan debt doesn't matter.
    you have "reagan" confused with "cheney".

  4. #34
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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by BDBoop View Post
    I hope so. I do hope so. I'm so angry. I honestly hope that they remain in lockstep, and the President handles it from there, and it hurts.
    me too. they expanded the government from 20% of GDP to 25% of GDP, when taxes have historically hovered around 19% of GDP, and now they are demanding that taxes catch up when the top marginal tax rate was 91% we didn't collect 25% of GDP.

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    Re: Obama Hammers Congress: Do Your Job




    "Pot Scolds Kettle, Points To Blackness"



    accuse the Republicans of not making the hard decisions? hey Mr President, Republicans passed a budget that would fix this crap. You may have noticed you are building a reelection campaign centered around demagouging it?

    Look, I was astonished at the willingness on their part to blatantly be the kid in the room when it came to taking responsibility for fiscal sobriety... but the gall of the man to stand there and pretend like he's been responsible about this is.... well, it is amazing.

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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by cpwill View Post
    me too. they expanded the government from 20% of GDP to 25% of GDP, when taxes have historically hovered around 19% of GDP, and now they are demanding that taxes catch up when the top marginal tax rate was 91% we didn't collect 25% of GDP.
    And you adamantly refuse to address the fact that taxes didn't go up for the millionaires and billionaires, and if the republicans have anything to say about it, nor will they.

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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by cpwill View Post



    "Pot Scolds Kettle, Points To Blackness"



    accuse the Republicans of not making the hard decisions? hey Mr President, Republicans passed a budget that would fix this crap. You may have noticed you are building a reelection campaign centered around demagouging it?

    Look, I was astonished at the willingness on their part to blatantly be the kid in the room when it came to taking responsibility for fiscal sobriety... but the gall of the man to stand there and pretend like he's been responsible about this is.... well, it is amazing.
    Why are the wealthiest people of this country not being factored into this equation. It's BULL****.

  8. #38
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    Re: Obama Hammers Congress: Do Your Job

    This is class war Bull ****!!!!!! Obama more interested in shaving a couple of strokes off his game than actually dealing with this mess HE created! That's right HE created this mess.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  9. #39
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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by BDBoop View Post
    Why are the wealthiest people of this country not being factored into this equation. It's BULL****.
    You could take every penney they earn and not cover the deficit....Then what?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Obama Hammers Congress: Do Your Job

    Quote Originally Posted by j-mac View Post
    You could take every penney they earn and not cover the deficit....Then what?

    j-mac
    Not the point, and I'd hate to believe you really think it is.

    Seriously?

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