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

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

    President Barack Obama ratcheted up pressure on congressional Republicans to authorize an increase in the nation’s debt limit, warning of potentially catastrophic results for many Americans and the overall economy if the U.S. were to default on its obligations.“The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation.”



    Read more @: Obama chides GOP on debt limit: 'We are not a deadbeat nation' - NBC Politics

    While I’m willing to compromise and find common ground over how to reduce our deficit, America cannot afford another debate with this Congress over how to pay the bills they’ve already racked up,” Obama said in the East Room of the White House at what aides have billed as the final news conference of his first term. “To even entertain the idea of this happening, of America not paying its bills, is irresponsible. It’s absurd.”


    Read more: Obama press conference: No ?ransom? for raising debt ceiling - Jennifer Epstein - POLITICO.com


    Obama said he will not negotiate on the debt ceiling. He also talked about gun control, and more.


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

    He shouldn't have to negotiate on the debt ceiling. That should be a non-issue.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    I wouldn't give this WH what it wants if it does not put some skin in the game, but I am not the Speaker.

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

    Quote Originally Posted by Khayembii Communique View Post
    He shouldn't have to negotiate on the debt ceiling. That should be a non-issue.
    Heavens no! He should get to spend at least as much as last year, after all this is America, we can surely afford to borrow/print another $1 trillion. America always pays its bills! Look at the last 4 years of $1 trillion deficts; you see, that is proof that America always pays its bills! That $16.4 trillion of national debt will be paid off in no time, just watch the next (first?) Obama "budget", that will surely make us all believe him. But, right now (until Obama is out of office), we just have to "bite the bullet" and borrow/print some more to spend on those bills that America has. Now is the time to "invest" since interest rates are nearly zero!
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by ttwtt78640 View Post
    Heavens no! He should get to spend at least as much as last year, after all this is America, we can surely afford to borrow/print another $1 trillion. America always pays its bills! Look at the last 4 years of $1 trillion deficts; you see, that is proof that America always pays its bills! That $16.4 trillion of national debt will be paid off in no time, just watch the next (first?) Obama "budget", that will surely make us all believe him. But, right now (until Obama is out of office), we just have to "bite the bullet" and borrow/print some more to spend on those bills that America has. Now is the time to "invest" since interest rates are nearly zero!
    Payment of the national debt is not an issue unless one arbitrarily chooses not to fund the government budget which was already passed.

    If you want to argue about balancing the budget, do it in budget negotiations; don't oppose raising funds for the spending you already approved. That makes you a hypocrite.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    I think Congress will raise the debt ceiling, but "We are not a deadbeat nation.” was a poor choice of words. We might be paying the bills, but with whose money?

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

    Quote Originally Posted by Pilot View Post
    I think Congress will raise the debt ceiling, but "We are not a deadbeat nation.” was a poor choice of words. We might be paying the bills, but with whose money?
    We "pay the bills" in USD.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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

    This cannot be shown enough.
    “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 Barack Obama
    One of the few times I might agree with Obama.

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

    Quote Originally Posted by Khayembii Communique View Post
    We "pay the bills" in USD.
    With USD that has to be paid back with interest.

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

    Quote Originally Posted by Khayembii Communique View Post
    Payment of the national debt is not an issue unless one arbitrarily chooses not to fund the government budget which was already passed.

    If you want to argue about balancing the budget, do it in budget negotiations; don't oppose raising funds for the spending you already approved. That makes you a hypocrite.
    What budget are you talking about? There hasn't been an actual budget in several years. All we've managed to accomplish is several "spending resolutions" that keep us as full-deployment, full-stimulus, full-TARP spending, despite the fact that we're not actually at full-deployment, or re-issuing stimulus or TARP funds.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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