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Obama chides GOP on debt limit: 'We are not a deadbeat nation'

And with merit! The U.S. needed not to continue on with crowding out private investment when employment was near full capacity! Jeez, you righties will say just about anything. It stems from having a child like view of political economy.

Do you mean like Obama will just say anything too?

(2) Based on his new rhetorical framing device, Obama himself voted for American "deadbeat" status as a freshman Senator in 2006. And I quote:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

Republicans have been calling for a restoration of normal order for years. It's Democrats in the Senate who have refused to even introduce a budget for nearly four years, leading to one countdown cliff after another. If the president truly wants this appalling ad hoc governance to end, he ought to have a terse conversation with Harry Reid and Patty Murray, not lecture Republicans

Obama is now resurrecting these revenues (which caused liberals some convenient amnesia just a few weeks ago). Republicans should hold firm that these potential revenues -- which would come through closing loopholes and eliminating deductions -- will only be placed back on the table if they're part of a broader tax reform package that includes lowering rates across the board. It's also worth mentioning that Congress and the president authorized a $2.1 trillion debt ceiling hike just 17 months ago. We've already blown through all of it, but playing a little political hardball to stem the insanity is somehow the height of irresponsibility. It's going to be a long four weeks years

UPDATE - Right on cue, the White House has informed the House Budget Committee that the president will not produce his FY 2014 budget on time. Obama has missed 80 percent of his statutory budget deadlines......snip~

Obama: "We Are Not a Deadbeat Nation" - Guy Benson

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So, essentially Obama is speaking like an arrogant child and refusing to compromise on the budget.
Compromises and demands regarding budgetary matters should be brought to the table when the appropriation committees are actually tasked with doing so, not ramrodded through in an opportunistic fashion.
 
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.

Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.

But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.
 
No one has appeared to notice that in the same press conference he indicated he could and would restrict Second Amendment rights through executive order. The budget talk coming from him is scary, but this is by far scarier still.
 
Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.

But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.

You are correct but Obama wasn't arguing that. He isn't a Keynesian.
 
No one has appeared to notice that in the same press conference he indicated he could and would restrict Second Amendment rights through executive order. The budget talk coming from him is scary, but this is by far scarier still.

Maybe because he didn't say anything like that (except in the minds of 2nd amend bed-wetters)
 
And with merit! The U.S. needed not to continue on with crowding out private investment when employment was near full capacity! Jeez, you righties will say just about anything. It stems from having a child like view of political economy.

You know nothing about economics

That much is obvious
 
You know what. I am really sick and tired of this crap going on in Washington !!!!!

The tea party movement hasn't done anything in congress but make noise. Can anybody tell me anything positive that came out of their movement in the last 4 years??? You guys caused more problems then you did correcting them. You had the president willing to give you 1.2 trillion dollars in spending cuts, but no you turned it down for a big fat 0 in spending cuts.

GREAT ******** JOB GUYS !!!!!!

Thanks to this crap I am paying higher taxes out of my check and that pisses me off because it was a self inflicted problem. Now the economy is showing signs that it is really starting to pick up steam and what they want to do? Take the freaking economy hostage !!!!!! And people are cheering this crap on ????? WTF

YOU ARE NOT GOING TO GET WHAT YOU WANT !!!! So try working with the other side for once.

!!!!!!!! JESUS CHRIST !!!!!!!!
 
Maybe because he didn't say anything like that (except in the minds of 2nd amend bed-wetters)

But will Congress adopt proposals like renewing the assault weapons ban? “I don’t know,” Obama acknowledged. Lawmakers opposed to such steps must "examine their own conscience." In some cases, Congress won't act but he will, the president said.

I’m confident that there are some steps that we can take that don’t require legislation and are within my authority as president," he said. "How we are gathering data, for example, on guns that fall into the hands of criminals and how we track that more effectively.”.....snip~

Obama to gun-control foes: Examine your conscience | The Ticket - Yahoo! News

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If you are going to try and make a point, at least let it reflect a bit of accuracy! As of recently, the largest purchasers of U.S. Treasury debt are the EU and Japan. China has began shifting its U.S. investment into real estate, private equity, and private debt. The procedes of which get soaked up into U.S. banks and money markets.

None the less: foreign purchases of U.S. debt is a function of the current account!

No, no...you see, "some" Democrats are actually seriously considering a bill to actually sell our Country to the Chinese to deal with our debt. It's absolutely true I tell you, though I can't tell you a single actual named source but that's of course understandable and doesn't make it any less believable because who would ever want to put their name to such an idea.
 

Yes....I read it. Unless I'm missing something, it doesn't name a single GOP individual (actually points out some that specifically are saying they don't want a default) and just claims that there are some with nothing to support it. If I missed them giving a specific name, I'll be happy to see it.

Shutting down the Federal Government != defaulting on our loans or not paying our bills
 
Again; there was very little reason (besides right-of-center mantra) to continue deficit spending when the economy was at (or extremely close) to a state of full employment. Again, anyone who has even a minor grasp of political economy would be able to understand this point.

But now.... the U.S. economy is under-performing, and therefore can actually benefit from deficit spending. Back in 2006, we simply shifted (rather inefficiently i might add) resources from butter to guns.

So much ignorance and fail in one post. Hilarious.

Listen it's simple. Obama spent nearly 6 trillion within his first 4 years in office. He signed his failed stimulus 2.17.2009 and promised it would have an immediate effect on job creation. Summer 2010 was supposed to be the "Summer of Recovery". His appointed Economic Team projected we'd be around 5% Unemployment right now. Even with laughable attempts at inflating the numbers with a massive infusion of Federal Government Workers, he still can't get anywhere close to that. More people are unemployed long term under his "leadership" than since WW2.

There is no productivity associated with handing out welfare to 128 million americans every month. Most of the money is spent on commodities, which are purchases that would have been made anyways (food/gasect) so it's a wash. Money is being taken out of the Private Economy, which is where the wealth is created, to "employ" Government Workers and hand out to people on welfare. There is no new wealth being created. There is no net gain.

47 million on Food Stamps

70 million on Medicaid

53 million on SS

50 million on Medicare

The Obama Administration is teaching immigrants how to get on welfare. Not how to get a job. How to get a Government check

WelcometoUSA.gov | Government Benefits

The Middle Class has shrunk to an all time low under Obama

Census: Middle class shrinks to an all-time low - Washington Post

Median Income DOWN 4 years in a row. Man, if we only had even MORE DEFICIT spending right?

Income, Poverty and Health Insurance Coverage: 2011 - News Conferences - Newsroom - U.S. Census Bureau

Amount of Americans living in poverty has increased by 15 million since Obama took office

Census: Middle class shrinks to an all-time low - Washington Post

Record amounts of Student Loan Debt in a job market where wages are going down, yet requiring more education. You want to talk about crowding out? How about the poor minorities who are getting crowded out of the job market by newly graduated college students. You can only wish we'd be anywhere near full employment under Obama.

People on welfare outnumber people with jobs in 11 states, but hey, let's borrow/print/spend more money! What could possibly go wrong?

Are You Living in a “Death Spiral” State … And If So, What Should You Do About It? | Fox News Insider

After trillions spent by Obama, including his Omnibus Spending bill and Failed Stimulus, people of working age with jobs is on the decline

Civilian Employment-Population Ratio (EMRATIO) - FRED - St. Louis Fed

EMRATIO_Max_630_378.png


Obama is already spending 5.60% for every 1$ generated in the private economy, but somehow in your warped perception of Economics, that isn't enough. Your assumption that the Federal Government currently isn't taking in enough money is a strawman. It's a fallacy. Obama is borrowing 46 cents for every damn dollar he spends, with yearly trillion dollar deficits. He's been illegally spending at TARP levels of expenditures now going on 4 YEARS and his crony pal Harry Reid hasn't passed a budget since before the IPhone was came out.

The only explanation for your behavior is cult worship. It certainly isn't logic and reasoning.
 
No, no...you see, "some" Democrats are actually seriously considering a bill to actually sell our Country to the Chinese to deal with our debt. It's absolutely true I tell you, though I can't tell you a single actual named source but that's of course understandable and doesn't make it any less believable because who would ever want to put their name to such an idea.

The difference is, such a bill does not exist where as the debt ceiling actually does exist. Perhaps you should take a look at the piece Don was kind enough to provide.
 
Shutting down the Federal Government != defaulting on our loans or not paying our bills

Hitting the debt ceiling = U.S. Treasury unable to issue new debt = not being able to pay our obligations because we lack the revenue necessary to do so.
 
But will Congress adopt proposals like renewing the assault weapons ban? “I don’t know,” Obama acknowledged. Lawmakers opposed to such steps must "examine their own conscience." In some cases, Congress won't act but he will, the president said.

I’m confident that there are some steps that we can take that don’t require legislation and are within my authority as president," he said. "How we are gathering data, for example, on guns that fall into the hands of criminals and how we track that more effectively.”.....snip~

Obama to gun-control foes: Examine your conscience | The Ticket - Yahoo! News

rolleyes.png

I was right. Only in the minds of 2nd amend bed-wetters
 
I was right. Only in the minds of 2nd amend bed-wetters

No you were actually wrong.....as that is what Obama stated. Notice that part about there are some steps that we can take that don't require legislation, and are within my authority as president.

Kinda hard to get round that point he made.
rolleyes.png
 
Listen it's simple. Obama spent nearly 6 trillion within his first 4 years in office. He signed his failed stimulus 2.17.2009 and promised it would have an immediate effect on job creation. Summer 2010 was supposed to be the "Summer of Recovery". His appointed Economic Team projected we'd be around 5% Unemployment right now. Even with laughable attempts at inflating the numbers with a massive infusion of Federal Government Workers, he still can't get anywhere close to that. More people are unemployed long term under his "leadership" than since WW2.

Financially driven recessions precipitated by trillions upon trillions of dollars in wealth losses tend to be the most difficult to circumnavigate. I am not here to make excuses for a stimulus package that lacked the size and velocity (for reasons that require a different type of discussion) to deal with the loss of economic output.

There is no productivity associated with handing out welfare to 128 million americans every month. Most of the money is spent on commodities, which are purchases that would have been made anyways (food/gasect) so it's a wash.

Nope! People who lose their jobs cannot afford to support their local retailers and wholesalers at levels necessary to keep said retailers and wholesalers from reducing their labor costs. Fact: You balance the budget today and the U.S. goes into a deeper recession than in 2007-2009 as $1 trillion leaves the economy.

Money is being taken out of the Private Economy, which is where the wealth is created, to "employ" Government Workers and hand out to people on welfare. There is no new wealth being created. There is no net gain.

Nonsense. Money is flowing from the capital markets into the U.S. Treasury which is used to pay for government expenditures of goods and services. Remove this money, and those who once received these payments for providing goods and services will be at a rather large shortfall. And what would the natural response be? To cut labor costs of course, thereby creating even greater loss of jobs.
 
Yes....I read it. Unless I'm missing something, it doesn't name a single GOP individual (actually points out some that specifically are saying they don't want a default) and just claims that there are some with nothing to support it. If I missed them giving a specific name, I'll be happy to see it.

Shutting down the Federal Government != defaulting on our loans or not paying our bills
The quote was contained in the very post you quoted, in which a Republican House Chairwoman stated that a shutdown of the federal government is on the table as a viable strategy.

Nope, a shutdown of the federal government would render us unable to fulfill a portion of our debt obligations.
 
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Since when is lowering our bills something nobody wants to do?

Who said that? Obama wants to reduce the deficit further with budget cuts and revenue from tax reform. That has nothing to do with paying the bills though.
 
He shouldn't have to negotiate on the debt ceiling. That should be a non-issue.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." --- Senator Barrack Obama
 
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." --- Senator Barrack Obama

That was a different time. Why is it so difficult to understand?
 
No you were actually wrong.....as that is what Obama stated. Notice that part about there are some steps that we can take that don't require legislation, and are within my authority as president.

Kinda hard to get round that point he made.
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there was nothing about doing anything unconstitutional (except in the minds of 2nd amend bed-wetters)
 
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