Obama digs heels in, refuses to negotiate debt ceiling

Comments (139)
catherine888 wrote:

I am confused as to why the republicans in congress are segregated out and blamed for congress’ refusal to lift debt ceiling. Essentially congress as a whole refused to lift the debt ceiling sending a clear message – balance the budget. Take ownership of it or negotiate it now.

This type of blame is very scary.

Jan 14, 2013 12:29pm EST  --  Report as abuse
xyz2055 wrote:

If Congress doesn’t act responsibly on this matter..then Obama has no choice but to raise the Debt Ceiling by Executive Order.

Jan 14, 2013 12:40pm EST  --  Report as abuse
SanPa wrote:

The problem is that we’re damned if they do and damned if they don’t raise the debt ceiling. Revenue growth was stymied by tax cuts during the early 21st Century, without growth benefits [other than deficit growth]. Off-setting any rise in the debt ceiling with increased corporate tax rates, curtailment of business entitlements, and an end of gratuitous bearing of defense costs for other nations (e.g. 1/4 of Israel’s military operating budget) would be constructive.

Jan 14, 2013 12:45pm EST  --  Report as abuse
ccharles wrote:

If they are not going to follow the Law he signed in 2012, what can you do? Certainly not continue to do the same thing and expect a different result. Why is seniors going to be the first to be hit? Why not trim down the federal goverment?

If they dont do the sequester, and then get downgraded one more time on the credit rating, our % goes up a few points on our debt, and that will come to alot more interest to be paid and due. What a Change!

Jan 14, 2013 12:46pm EST  --  Report as abuse
johnwayland wrote:

The ” GIMMEE” president has spoken.

Jan 14, 2013 12:53pm EST  --  Report as abuse
xyz2055 wrote:

CountryPride…quit drinking the koolaid. Simply look at the Republican’s plan to fix the problem (Paul Ryan’s “Path to Prosperity” version 3.0 2013, which is the House Republican’s Budget proposal for 2013). They want to gut Medicare and Medicaid. They would take those savings and eliminate Capital Gains taxes and Dividends taxes while giving the richest in this country another HUGE tax break and increase Defense spending. Paul Ryan makes the insane argument that as a percent of GDP we just aren’t spending enough on Defense. Forget for the moment that we spend 9 times more than China and 48% of what the world spends on Defense. Obama is fighting for a balanced plan where everyone puts a little something in the kitty. He has already agreed to cuts in entitlement programs. The hypocrisy is strictly on the Republican side perpetrated by lemmings like you.

Jan 14, 2013 12:56pm EST  --  Report as abuse
percy1 wrote:

“Essentially congress as a whole refused to lift the debt ceiling sending a clear message – balance the budget.”

It was the House Republicans. It was not “essentially Congress as a whole”. Just utterly ridiculous – live in reality, please.

Jan 14, 2013 1:08pm EST  --  Report as abuse
jabberwolf wrote:

@xyz2055
The “executive order” is not his right to do anything. He has no right to circumvent the Congress which ALONE has the power to issue debt, not the president.
The 14th amendment was worded specifically for the conferate states NOT the president to use anytime he wishes.

Jan 14, 2013 1:09pm EST  --  Report as abuse
ballsy wrote:

If you travelled at the speed of light (186,000 miles per second) for three years, your trip would cover 18 trillion miles.

Now think about this………$1 dollar per mile. Why increase the debt ceiling anymore than what it is?

The politicians are bankrupting our country. Not the republicans, not the democrats but all 545 elected officials we have running the country.

Jan 14, 2013 1:13pm EST  --  Report as abuse
RickC-TX wrote:

xyz2055: At least Paul Ryan had a plan!!! The president’s “budget” proposal couldn’t even get one Democratic vote, and Harry Reid REFUSES to do his job and bring up a budget in the Senate. It’s hard to negotiate a real budget when the Dem’s won’t even sit down at the table!

Jan 14, 2013 1:19pm EST  --  Report as abuse
mctrog007 wrote:

He said a Republican refusal to lift the debt ceiling could lead the United States into a debt default, which would prevent the U.S. government from being able to provide Social Security benefits to some seniors and possibly tip the economy into recession.

last time I looked it took two sides to have an argument. The media runs rampent with Obams side, don’t ever hear anything from the republicans side. I would say anything that happens is at least as much Obama’s fault as anyone elses.

Also, how can puttng our country a few more trillion in debt help us. maybe it is time to sell off a few things (To us citizens, not outsiders), cut back on some of the “hand outs” prune back on what the politicians are makeing, esecialy since not (either party) seem to be doing their jobs. Let their pay be based off what they really get done. that should save a ton of money.

Jan 14, 2013 1:19pm EST  --  Report as abuse
SheaK wrote:

Tomorrow’s Reuters headline:

“Obama says sky is orange, why are Republicans always disagreeing with him?”

Can we get a budget? How about some spending cuts to go with our tax increases? And how about we make them more meaningful than $41 in new taxes for each $1 in cuts?

We are spending $1.50 for each $1.00 we bring in, and a 100% tax rate on the top 1% won’t bring that in-line. These are facts that are not in dispute.

Also, keep in mind a politician’s promises are not the same as debt. Politicians lie to you all the time, don’t count on them for your future. Until it is spent, it is not yet debt.

Jan 14, 2013 1:31pm EST  --  Report as abuse
yubamary wrote:

The same old scare tacticks ‘Seniors won’t get their checks, education and disabled will suffer etc. etc. I watched the whole show. How come they never bring up cutting our “Foreign Aide” we continue to give billions of $$ to people that hate us and the money only goes to the ones who run the governments. If the President doesn’t sign the bills that are put thru who does. So when he blames the Congress again and again he should also blame himself. He says he put thru a budget-he fails to say it wasn’t approved by both houses.

Jan 14, 2013 1:41pm EST  --  Report as abuse
Yiddly wrote:

Folks: The Congress spends the money, not the president. The government spending money is through appropriations and related laws that are written and passed by Congress. Government money is not spent by Barack Obama writing checks.

So, the Congress refusing to raise the debt limit is refusing to raise the borrowing to pay for funding already spent by the Congress itself.

Jan 14, 2013 2:28pm EST  --  Report as abuse
Crash866 wrote:

Spoiled and Petulant as always…but even more so now as he thinks he now has a mandate on everything…wait for the executive powers on gun control…we have bigger fish to fry.

Jan 14, 2013 2:36pm EST  --  Report as abuse
COindependent wrote:

The Republicans were described as “intractable” during the fiscal cliff debates. Who is “intractable” now. Refusing to negotiate is not a negotiation.

The wise commander will not turn the tide of the battle against himself by “cornering” and “pressing” his apparently defeated foe.

Jan 14, 2013 2:45pm EST  --  Report as abuse
supremacy wrote:

Um… weren’t we supposed to take responsibility for our debt after the last two raises in the debt ceiling?

What the hell happened to that?

Jan 14, 2013 2:47pm EST  --  Report as abuse
Crash866 wrote:

Yiddly
Exaclty so why is he asking? Do you think they should roll over and do it just because he says so? Thats like being forced to take on more debt in your personal life against your will. Yes congress spends the money but should they be forced to spend more because the president says so? According to your logice he should stay out if it as he has nothing to do with money being borrwoed and spent.

Jan 14, 2013 2:48pm EST  --  Report as abuse
COindependent wrote:

the wise commander will not turn the tide of the battle against himself by “cornering” and “pressing” his apparently defeated foe.

Jan 14, 2013 2:49pm EST  --  Report as abuse
GTD wrote:

It is ridiculous that they need to discuss being responsible about debt and the deficit. This group is the epitome of fiscal irresponsibility. The President doesn’t begin to know how to negotiate let alone lead.
We are into the 4th year of a non-recovery because he is stuck on his failed policies. He can (and will) wail about the failed policies of his predecessor but we are witnessing his policy failures on a daily basis.

Jan 14, 2013 3:00pm EST  --  Report as abuse
terhan wrote:

He won’t negotiate, so what, it’s up to The House and Senate to handle deficits, spending and budgets. If they can’t, they should all resign and let us elect those who will do the job they were sent to Washington to do. We need leadership not a bunch of slackers who are only interested in getting re-elected and enjoying perqs that we all must pay for.

Jan 14, 2013 3:06pm EST  --  Report as abuse
Butch_from_PA wrote:

Time to step up and lead Obama. You need to reduce spending of you will have this debt limit debate every year. If you cannot lead us out of the horrendous mismanagement of budget – set aside or shut up.

Blaming Congress for something they have been trying to manage by reducing government expenditures is misleading and cowardly.

You are doing some good things – continue to do more and stop using the middle class as some kind of sociopolitical experiment. Your number one adviser, she is taking you down a rat hole you may not be able to pull out of.

Jan 14, 2013 3:06pm EST  --  Report as abuse
jeffrow63 wrote:

Good for him. You don’t negotiate with “terrorists” which is what Republicans act like today.

Jan 14, 2013 3:11pm EST  --  Report as abuse
DeannaTx wrote:

I’m amazed. I’m truly amazed at how uninformed so many are on how our government works. Or is intended to work.
Congress, not the President, approved the bills which would be funded. The debt ceiling is the ‘writing of the checks to pay the bills already incurred and obligated’. Just as you and I are obligated to pay our electric and mortgage bills at the end of the month.
Spending reduction is needed. Nobody, not even Obama, has denied this.

But spending reduction is an issue on its own.
It’s not that Obama has authorized runaway spending. Obama doesn’t have that authority on his own and never has. The democrat majority senate doesn’t have that authority on their own. None of the spending hasn’t already been approved and mandated at three levels, even the republican majority house. It hasn’t been in any one court to be decided on.
We, you and me, don’t have the luxury of deciding after the fact if we’re going to pay our bills. We’re obligated to paying them and on time or suffer the consequences. One of those consequences is our credit rating being downgraded. Which has already happened as a direct result of not paying our obligated payments on time.

Our problem is we need a debt reduction debate which stands on its own merit and isn’t hidden in the smoke of another. Until we have that the American public will only have the ability to see what each side is proposing through a veil of smoke and mirrors. And this is and has been a serious a problem.

Jan 14, 2013 3:15pm EST  --  Report as abuse
Whymetoday wrote:

Hmmmm, oh well, how do you misspend $16 Trillion, then need another Trillion for fun.

Jan 14, 2013 3:16pm EST  --  Report as abuse
mwilliams6464 wrote:

The US has 700 military bases in 130 countries. Maybe we should cut some of them as a way to cut the budget.

Jan 14, 2013 3:16pm EST  --  Report as abuse
Bubba311 wrote:

This sanctimonious challenge from the President would be more convincing if he had previously displayed any willingness whatever to honestly confront the deficit and spending issues in some context other than the debt limit.

Jan 14, 2013 3:18pm EST  --  Report as abuse
Bretfox wrote:

Quote “Obama refuses to negotiate debt ceiling raise”

The dictator has spoken. It’s his way or the highway. Bow and obey. He is such a fearless leader isn’t he?

Jan 14, 2013 3:25pm EST  --  Report as abuse
gregbrew56 wrote:

Congress produces the budget. Don’t forget that fact. With the “new” thinking that it takes 66 votes to do anything in the Senate (misuse of the filibuster), nothing can be accomplished. Congress’ job is to produce a budget that Obama will sign, but it’s nearly impossible with the current interpretation of how a filibuster works.

Bring back the REAL filibuster, where somebody must stand at the dais and talk. Using the mere threat of one is pert of the reason we’ve got gridlock in Congress.

Jan 14, 2013 3:26pm EST  --  Report as abuse
Globalman wrote:

I have to admit to confusion on Obama’s position. He said that he is willing to meet in the “middle” on these negotiations. Interesting concept about where he believes the middle is.

Jan 14, 2013 3:29pm EST  --  Report as abuse
randburg100 wrote:

Errr why is my comment deleted – is it because I pointed out the truth & I’m not from the US? So much for your freedom of speech…

Jan 14, 2013 3:35pm EST  --  Report as abuse
pythagoras99 wrote:

This article is wrong across the board. There is no danger of defaulting on debts, as the federal revenue far exceeds the interest on debts that are owed. The only risk from failure to increase the debt cieling is that non-debt service federal spending must be curtailed, which is what is needed anyway if we don’t want to borrow ourselves into oblivion.

Jan 14, 2013 3:36pm EST  --  Report as abuse
DrewDraws wrote:

Paul Ryan and the Koch brothers trying hard to make Obama lower the taxes on the richest 1% yet again, and guess what, he wants your grandmother to lose her health coverage as well. Obama should remove them all to Russia, where all the rich French are defecting.

Jan 14, 2013 3:37pm EST  --  Report as abuse
shellbank wrote:

This is all a political game. The goal is to blame the other side for whatever reprecussions there are following the default and the House of Representatives is the prize two years from now.

Jan 14, 2013 3:38pm EST  --  Report as abuse
Overcast451 wrote:

har har… that’s like saying to your spouse…

We’ll cut spending, but ONLY if you bump up the max limit on the credit cards…

Just stupid.

Jan 14, 2013 3:44pm EST  --  Report as abuse
USAPragmatist wrote:

Once again a thread of mostly rightie/Obama haters that are marginalizing themselves even more with the ‘dictator’ references and playing ‘name-games’ with Obama’s name(isn’t this an elementary school thing?). Where were you all with the 10+ debt ceiling raises during the Bush Admin, during good economic times when the government is supposed to pay down, not increase, its debt? now suddenly Obama is President and you all are complaining? Also I bet most of you do not know the top 5 drivers of the defecit/Debt? Here is a hint, NONE of them were policies supported by or enacted by Obama.

Jan 14, 2013 3:45pm EST  --  Report as abuse
NoodlesNR wrote:

I don’t feel like anyone’s holding a gun to my head, except of course when I have to pay taxes =)

I just don’t understand the justification behind not being willing to curb spending. What’s even more “absurd” and “irresponsible” than not considering paying it’s bills, is continuing to spend more than you make. Can you take out more credit cards to pay your existing credit cards? I can’t do it in my house, you can’t do it in your house, seems like finding a median between spending and borrowing is a pretty practical solution. Just not in Obamaland.

Jan 14, 2013 3:47pm EST  --  Report as abuse
Brian_Nettles wrote:

If Obama won’t negotiate with congress, I guess he ran for the wrong position. He should have run for Mayor instead.

Jan 14, 2013 3:48pm EST  --  Report as abuse
elsewhere wrote:

Another headline containing the statement the Obama “Refuses to negotiate”. I hope the congress holds firm on this one and refuses to negotiate on dollar for dollar spending cuts.

Jan 14, 2013 3:49pm EST  --  Report as abuse
wthcares wrote:

Sure Congress appropriates money, but don’t forget this country has “mandatory” spending and “discretionary” spending. S.S. and Medicare are MANDATORY so why is El Presidente using the same old scare tactic on it?! Campaigner In Chief until we can throw him out of the WH, because he will declare a State Of Emergency and try to run a 3rd term if not outright declare Presidente for life.

Jan 14, 2013 3:49pm EST  --  Report as abuse
rokid wrote:

Crash866 – The President is telling the Republicans that he is not going to use a magic $1T coin or invoke the 14th Amendment to get them out of their predicament. Therefore, they can either raise the debt limit or face the consequences, i.e. government default and/or government shutdown.

The Democrats only need 17 Republican votes in the House to pass a clean debt limit. Are there 17 sane Republicans representatives out of 233? I hope so.

Jan 14, 2013 3:53pm EST  --  Report as abuse
saavedra wrote:

“A number of Republicans have said they would be willing to allow a U.S. debt default or a government shutdown to force the Obama administration to accept deeper spending cuts…”

What impact do you think that will have on the current Recovery and the stock market?

Jan 14, 2013 3:57pm EST  --  Report as abuse
flashrooster wrote:

The Constitution gives the President the right to issue an executive order when necessary to carry out a President’s sworn duties: “take Care that the Laws be faithfully executed”. Our laws require us to pay our bills on time and if Obama deems it necessary to raise the debt ceiling to carry out laws, such as our obligations to pay our military personnel, then he has the Constitutional right to raise it by executive order.

But the deal is that Obama shouldn’t have to. That’s Congresses’ job. This is for money already spent. Furthermore, Obama agrees with most economists in that we mustn’t cut spending by too much too soon or it will prove counter-productive, throwing us back into a recession. Then we get into an economic death spiral, the one Republicans so badly want to see happen. So they can claim that Obama’s policies failed and that trickle-down is the way to go. And in the meantime, Sen. McConnell wants to keep 10,000 troops in Afghanistan, but doesn’t concern himself with how we’re going to pay for them.

As with any hostage taking and subsequent demands from terrorists, the White House cannot afford to give in to the Republican’s when they hold our nation hostage, or they’ll always do it. Giving in to the GOP is not an option. If the Republicans’ actions, or inaction, creates turmoil in the markets, causes another downgrade in our credit rating, prevents those who have put themselves in harms way from receiving a paycheck, etc., it’s all on the Republicans. But they don’t seem to care. They’ve got their supporters so hoodwinked and their districts so carefully gerrymandered, that they no longer concern themselves with our nation. All they care about is keeping their seats and raising money for the next election.

Jan 14, 2013 3:58pm EST  --  Report as abuse
imacracker wrote:

If Congress fails to raise the U.S. debt limit, the Treasury Department will become unable to borrow money to pay for government spending obligations, leading to a debt default that would damage U.S. credit and have wide repercussions in financial markets around the world.

Wrong, Reuters!

The United States brings in scads of money, allowing the US to meet all of its debt obligations, with money to spare.

People need to know that certain payments are optional for the government, and among these is Social Security. The courts have ruled that the government social security obligation is not a debt, and can be reduced or eliminated.

What the debt ceiling limit will lead to is reduced spending. One way or another, spending WILL BE reduced.

Shame on you for reporting propaganda instead of facts.

Jan 14, 2013 3:58pm EST  --  Report as abuse
ZackShoemaker wrote:

Rejects any negotiation on spending cuts for debt-ceiling raising? The last time they negotiated, the debt ceiling was raised, and the cuts were set to go in effect, after the debt ceiling could be raised again! Raising the debt ceiling would mean you, the reader reading this, owns more than 50,000 dollars of our national debt. That’s putting on the backs of our children and grand children. Cut military spending now, and fund our programs like they were intended, you might even look at collecting some of those taxes you don’t seem to want from people, though you still hold it till the end of the year, so they can spend it all at once. Time to take the infinite checkbook away from the irresponsible ones, Washington D.C.

Jan 14, 2013 3:59pm EST  --  Report as abuse

The automatic spending cuts weren’t “deep” by any definition, but even those weren’t possible to enact? Ridiculous.

Jan 14, 2013 3:59pm EST  --  Report as abuse

Yiddly had it right – the congress makes the laws and are who owes the money not the White House. Congressmen and Senators passed laws during the Cheney/Bush dictatorship to authorized spending on wars and handouts to third world dictators but now do not want to pay the bills and insist on taking the moneys from education, meds and food for the young, the poor and the aged who did not bribe them into office. He who has the gold makes the rules and the rich get richer.

Jan 14, 2013 4:01pm EST  --  Report as abuse
grassroot wrote:

He wants to hasten the downfall of this nation as he
and his bosom buddy bill ayers has stated. Deconstruct
this hated capitalist, colonialist, exceptional nation.

Jan 14, 2013 4:03pm EST  --  Report as abuse
Crash866 wrote:

rokid
What does that have to do with what I wrote…

Jan 14, 2013 4:03pm EST  --  Report as abuse
Crash866 wrote:

rokid
So either way it’s up to congress like I said

Jan 14, 2013 4:04pm EST  --  Report as abuse
Crash866 wrote:

“It would be a self-inflicted wound on the economy,” he said. “Even entertaining the idea of this happening, of the United States of America not paying its bills, is irresponsible. It’s absurd.”

So is not cutting…spending…raise taxs but no cuts…yeah that works

Jan 14, 2013 4:06pm EST  --  Report as abuse
grassroot wrote:

He, OB, does not want to reduce spending.
If he did he wouldn’t have ” skyrocketed” it in his first
term. This is all to ” collapse the system,” as he and his
radical friends want to do. Cause as much crisis’ as possible
and then take advantage of them.

Jan 14, 2013 4:07pm EST  --  Report as abuse
RIPatriot wrote:

Nothing says “We are not a deadbeat nation” like borrowing more money to pay interest on our debt instead of making real sacrifices and cutting spending.

Why is SS even in play? Its a retirement plan right? The money coming in from SS payroll taxes can cover all the expenses, its not an entitlement, right? Thats what the libs always say, its awesome and self sustaining, so why does it need the debt ceiling raised to stay afloat?

One trillion in spending cuts? Oh yeah, over 10 years, he agreed to reduce the rate of increase of spending that will reduce the projected deficits by $1 Trillion, wow, fake math has a new gold standard.

Jan 14, 2013 4:09pm EST  --  Report as abuse
flashrooster wrote:

Globalman: Obama never said that regarding the debt ceiling. There is no negotiating on the debt ceiling. On this he’s been consistent. This is as it should be. The Republicans are holding an economic bomb over our nation. It’s dangerous, it’s reckless, and it’s wrong.

On spending cuts and revenue increases Obama said he’s willing to work with the Republicans provided it’s a balanced approach. So far Republicans have allowed for $700 billion in revenue increases over the next 10 years. Obama has actually offered more than that in spending cuts over the next 10 years. The GOP just can’t get its act together. They’re more interested in opposing Obama than they are getting an agreement.

Jan 14, 2013 4:09pm EST  --  Report as abuse
anarcurt wrote:

Congress makes the laws. If they want to spend less then just pass a bill to spend less. Every dollar spent has been voted on by congress in the past. We all know why they are playing this stupid game; it’s because all the cuts they want are on the lower and middle classes. They don’t want to pay the political cost of their policy.

Jan 14, 2013 4:10pm EST  --  Report as abuse
LeavingCali wrote:

To quote the most condescending president I’ve ever heard: “Let me clear…”

Both sides are obstacles in the way of solving any of our country’s problems. We’re all just pawns in their dangerous game of politics. BUT – This is what happens when you have a duopoly.

Blind faith in bad leadership is not patriotism. Blogging about it won’t do any good…CALL/EMAIL/FAX your Congressional Representatives and demand negotiations.

Jan 14, 2013 4:11pm EST  --  Report as abuse
corynoone wrote:

I don’t understand how some people can look at the Republicans and villify them for not compromising, but when a Democrat (and the leader of our country) ‘refuses to negotiate’ it’s seen as a good thing and that he should be praised for it. Why can’t people just expect REASONABLE compromises from both sides. The Rebuplicans could give some reasonable tax hikes to the Democrats (which seems to have happened) in exchange for reasonable spending cuts (which have not happened). It lookes like Obama is the one holding the country hostage right now. I am neither a Republican nor a Democrat, but I sure can see the double standard here.

Jan 14, 2013 4:14pm EST  --  Report as abuse
branchltd wrote:

Obama is not being honest in his statements in two particulars:
1. Social security is not tied to the debt ceiling because it’s separately funded. He’s outright lying on that score.
2. Letting the debt ceiling take effect is not defaulting because, and for several year now, allocations have been contingent on funding. If there’s no finding it’s the same as if the allocation had not been made. That’s the law. Obama is misleading people on this score.

As one non-Democrat and nominal Republican I’m fine with letting the debt ceiling take effect. What will happen if is does is that everything in the budget will have an equal percentage reduction (it’s the way the law is written). No defaults, just cuts. Your unemployment of welfare payment will be some percentage of what it is now and every federal department will have to lay people off.

Yes, that will cause big time financial problems. However, is will also avert even more serious problems in the future. So let’s bite the bullet now.

Jan 14, 2013 4:15pm EST  --  Report as abuse
Burns0011 wrote:

The ‘debt ceiling’ is a measure that Congress passed a long time ago. For almost thirty years, Congress had agreed to let it go up without needing a vote every time.

When the Tea Party first came in, they immediately targeted and destroyed that agreement, in order to force negotiation over spending.

Unfortunately, the Tea Party Republicans fail to understand the rights and DUTIES of the House of Representatives. The place to have a discussion about spending is in the development of the BUDGET, not to refuse to pay the bills already incurred.

Incidentally, for the past three YEARS, the Tea Party has successfully and obstinately blocked any attempt to pass a budget, which is a DUTY required of the House of Representatives by the CONSTITUTION.

Jan 14, 2013 4:18pm EST  --  Report as abuse
JamieSamans wrote:

@Catherine888, the reason that Republicans are “segregated out and blamed” is that Republicans in the Senate filibuster bills to raise the ceiling, and the Republican Speaker of the House won’t allow them to come up for votes.

For you to say that “essentially, Congress as a whole refused to lift the debt ceiling,” as if Democrats were voting “no” on the matter, is pretty funny when Republicans are running around screaming that they, and they alone, are the ones drawing this line in the same.

Jan 14, 2013 4:21pm EST  --  Report as abuse
AZWarrior wrote:

To “balance the budget”, one would necessarily assume that one actually HAS a budget. :-(

Jan 14, 2013 4:25pm EST  --  Report as abuse
branchltd wrote:

A lot of people commenting here don’t really understand the law. For several years now all budget allocations are made contingent to funding. That means that if something is allocated and not funded it’s the same as if it were never allocated. In addition, the debt ceiling does not cause default. If the debt ceiling is reached it forces across the board, equal budget cuts. If you are collecting unemployment or welfare or disability or military retirement (which I am) you entitlement will be dropped a certain percentage. Social security and government retirement will not be affected (Obama lied outright on that score) because they are separately funded. There will also be cuts in every federal department.
That’s going to have a major effect on the economy but not as bad as it would if we kept going on spending more money than we’re taking in. Quicker, but less severe.
FYI: Obama has no authority to raise the debt ceiling by fiat and I doubt the Treasury would go along with an illegal decree any more than it was willing to go along with the illegal $1 trillion coin idea.

Jan 14, 2013 4:26pm EST  --  Report as abuse
jasonhall wrote:

“Congress makes the laws. If they want to spend less then just pass a bill to spend less. Every dollar spent has been voted on by congress in the past. We all know why they are playing this stupid game; it’s because all the cuts they want are on the lower and middle classes. They don’t want to pay the political cost of their policy. ”

Unfortunately, the current regime has to sign the bill before it goes into law (or if the current Regime vetoes the bill, Congress can overrule that veto with a 2/3 vote)

Jan 14, 2013 4:32pm EST  --  Report as abuse
USAPragmatist wrote:

And to all of those rightie/Obama haters that are whining about ‘cutting spending’ or the such, Obama has cut spending more then ANY other President in modern history. I know some of you will say this is bogus, but just because you do not believe the truth does not make it bogus, it makes one like like an idiot though.

Jan 14, 2013 4:40pm EST  --  Report as abuse
Chazz wrote:

“Mr. President, I rise today to talk about America’s debt problem. 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. I therefore intend to oppose the effort to increase America’s debt limit. ”

Barack Obama –

Jan 14, 2013 4:43pm EST  --  Report as abuse
tneb wrote:

is funny and sad that it was run away spending (basically) that got the country into this recession and now parts of the government think that run away spending at a much larger scale can get us out of it.

Jan 14, 2013 4:44pm EST  --  Report as abuse

Obama refuses to negotiate debt ceiling raise … or much of anything else. Long live King Obama.

Jan 14, 2013 4:55pm EST  --  Report as abuse
fromthecenter wrote:

The problem with the debt ceiling hostage crisis is this is a complex issue and needs to be addressed thoughtfully and pragmatically. When is the last time congress was able to address an issue like this in a short time and do it correctly? Using this debt ceiling debate did not work last time, it wound up costing us our rating and adding billions to an already huge deficit. Raise the debt ceiling and then get to work.

Jan 14, 2013 4:57pm EST  --  Report as abuse
johnwayland wrote:

Obama has no part in this. Congress has sole responsibility to agree to paying bills, then Obama can do it or veto it.

Jan 14, 2013 4:58pm EST  --  Report as abuse
Speaker2 wrote:

Republican-retards are reaping what they sowed. Two wars, unfunded, first time in US history, massive, un-needed tax cuts from the Bush years, de-regulation of the banks and loose lending got us here folks.

Congress does the spending, not presidents. Cut defense in half, bump taxes 5% on everyone to pay off the unfunded wars…..

Jan 14, 2013 4:58pm EST  --  Report as abuse
stambo2001 wrote:

Reuters actually is deleting comments that quote obama’s own words on raising the debt ceiling! That is simply awesome Reuters.

“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.” – Barrack Hussein Obama, March 20th, 2006.

This will get deleted. It’s already been deleted after being quoted today by several others. Why is that Reuters?

Jan 14, 2013 5:04pm EST  --  Report as abuse
moonhill wrote:

The deficit has gone up under Obama more than the previous presidents combined. How can anyone say with a straight face that Obama has cut spending? Only a complete brainwashed person would believe that. Name one program that Obama has reduced the spending. We have more people on food stamps now than in the history of the country. Just wait for the fallout when Obamcare is finally implemented. What a disaster!

Jan 14, 2013 5:10pm EST  --  Report as abuse
KyuuAL wrote:

Shoulda driven right off the fiscal cliff…

Jan 14, 2013 5:11pm EST  --  Report as abuse
crod526 wrote:

The problem is that when Republicans say spending cuts, those cuts are ONLY from social services. Defense needs to be in the equation and you cannot cut enough to set the condo my back into recession.

Jan 14, 2013 5:12pm EST  --  Report as abuse
stambo2001 wrote:

And about those ‘Bush Wars’…do remember that Bush took both of those wars to congress for vote. Democrats, such as the sitting Secretary of the United States Hilary Clinton, voted for the war. She has since on multiple occasions stated no regret over the decision. The democrats are just as liable for the expenses incurred as they themselves voted for the wars. Inconvenient truth for the lefties so I guess they just pretend it never happened.

Jan 14, 2013 5:14pm EST  --  Report as abuse
moonhill wrote:

Yes, congress does the spending. And who has been in control of Congress the most over the past twenty years? Hmm–I guess that would be the Democrats.

Jan 14, 2013 5:15pm EST  --  Report as abuse
Overcast451 wrote:

One of the biggest problems in the US now is that some people believe all the partisan spin the media vomits out.

We just need new people running this country – people who don’t bow to parties, lobbies, special interests, and corporations. People who are real leaders and statesmen – not people who are owned by their party and big money.

Jan 14, 2013 5:24pm EST  --  Report as abuse
Mott wrote:

Cut spending now. On tax cuts to top. On Defense. On social spend abuses. I think we can live with non-essential govt functions shut down for a day of the week every week of year, if it amounts to significant savings.

Jan 14, 2013 5:24pm EST  --  Report as abuse
Sensibility wrote:

“Obama refuses to negotiate debt ceiling raise”

…or anything else whatsoever.

Jan 14, 2013 5:38pm EST  --  Report as abuse
goldgoat wrote:

We can still pay our debts, so that is not the point. It is that their would be very little revenue left to pay for anything else. We simply cannot keep raising the debt ceiling. Our government does not even have a budget. At least make them come up with a real budget before again just borrowing more money, so we have more debt to pay. What is so hard to see about this. Is the whole country Mad! Well at least 1/2 of it.

Jan 14, 2013 5:46pm EST  --  Report as abuse
JoeObserver wrote:

Unsustainable borrowing will cause irrepairable damage to the US economy. I am not a GOP supporter, but I think they are right on this issue. Printing money and unchecked borrowing are irresponsible act, and will cause greater damage to the world economy.

Jan 14, 2013 5:58pm EST  --  Report as abuse
Gigimoderate wrote:

Well, I think this conversation is over. Obama has said it several times now. ” I will not negotiate the debt ceiling “. It’s almost like he is talking to small children. Do you understand? Are you listening…..

Jan 14, 2013 5:59pm EST  --  Report as abuse
WebNavigator wrote:

I can’t run my household with this obsurd spending to dept ratio why does Obama get too? He spent more in his first term than all Presidents from George WAshington to GW Bush. And more than Bush JR. did during his 8 years president his first term. The only person ruining the US economy is you, Obama!

Jan 14, 2013 6:20pm EST  --  Report as abuse
Stickystones wrote:

Only a tyrant doesn’t negotiate.

Jan 14, 2013 6:22pm EST  --  Report as abuse
txnicole wrote:

On how congress is only paying for bills it has already spent the money on… this is the kind of misinformation that happens when our manipulator in chief comes on television and fills the empty-headed with a misdirection about how things work. It’s close enough to the truth to not be an outright lie, and enough of a lie to make people think it’s not his fault.

Please look into things before you start parroting the latest ‘its not my fault’ talking point.

Jan 14, 2013 6:22pm EST  --  Report as abuse
Joalron wrote:

One particular right-wing crusader is believed to have hundreds of accounts throughout social/news media sites specifically for the purpose of manufacturing the illusion of a large pool of people sharing very specific radical ideas, and having the power of a hundred voices to demand that non-conservative content be censored, banned, or removed from web sites.

Jan 14, 2013 6:26pm EST  --  Report as abuse
plang1 wrote:

obama is little more than pelosi’s lapdog and will be a good boy and do what he is told…

Jan 14, 2013 6:28pm EST  --  Report as abuse
LeavingCali wrote:

‘President refuses to negotiate.’

Isn’t this what Obama’s been blaming the Republicans for?! Hmm.

Smells like hypocrisy.

Jan 14, 2013 6:30pm EST  --  Report as abuse
biggy_ww wrote:

@ catherine888: The “majority of the majority” or the “Hastert Rule” is an informal rule in the Congress that says a vote won’t be held unless a majority of the majority party (Republicans in the House, Democrats in the Senate) supports the bill. This means that if the House Republicans don’t support a bill it won’t get a vote even though it may pass a full vote with support of the Democrats. Thus, a vote to raise the debt ceiling would probably pass the full House with votes from the Democrats, but it won’t get a full vote because it can’t get a majority of Republicans to support it. So, that’s why the Republicans are getting the blame, because they’re keeping it (or would keep it) from getting a full vote from all members of the House, which would probably result in the bill being passed.

Jan 14, 2013 6:31pm EST  --  Report as abuse
Joe_Casepack wrote:

Dictators and tyrants have no need for negotiation.

This is what people voted for… broken government and more recession.

Jan 14, 2013 6:32pm EST  --  Report as abuse
Bfstk wrote:

Boehner is wrong, the American people voted for President Obama not for the GOP. Stop the nonsense about what the American people want and increase the debt limit until President Obama and congress get their arms around a debt reduction plan that is sensible. McConnell needs to quit strutting like a peacock and showing us his plumage. This congress of of Dudley Doolittles needs to get its act together and stop the partisan squabbling mostly emanating from the right and the tea partiers who have no interest in whether the country and economy are healthy. All they want to do is embarrass Mr. Obama but it didn’t work over the past 4 years and it won’t work now.

Jan 14, 2013 6:35pm EST  --  Report as abuse
SteveOSmith wrote:

The republicans got us into this mess by conducting two wars off budget while cutting taxes. The last budget that paid its way was the last Clinton budget. Now the Republicans don’t want to pay for the mess they created.

Jan 14, 2013 6:37pm EST  --  Report as abuse
obamaisright wrote:

Republicans don’t want to negotiate a budget, they want to make their demands, and if the don’t get what they want they will burn the Country down.

Jan 14, 2013 6:38pm EST  --  Report as abuse
gfred wrote:

Does anyone still believe this opportunistic liar in the White House?

Jan 14, 2013 6:40pm EST  --  Report as abuse
Miguelito27 wrote:

If your credit card company says you have maxed out your account, how successful would you be if you demanded an increase in your credit limit while insisting that you would not negotiate or even discuss a plan to pay for debt?
Why should Obama be able to get away with the same behavior (using the taxpayers’ money)?

Jan 14, 2013 6:47pm EST  --  Report as abuse
grichey5 wrote:

I know it would be financially painful for many but I personally think the GOP should step out of the way and let Obama have his way. Obviously we had enough ignorance in this country to elect him and reelect him. The best and fastest way to correct our country is let the ignorant and the not so ignorant receive a hard economic education by letting Obama have what he wants. Let him destroy our economy and let him be the blame. He is going to destroy us financially any way so why drag it out. Let us cut our losses. Let us shorten the duration of our pain. Let us speed it up. Let him hang himself with his own ignorance. Let him and his party take the blame. The GOP should do what Obama did. Throw gasoline on the economic fire and then blame the other guys. The GOP should just refuse a vote yea or nay on anything yet voice their opposition. In the end I am confident that with hard won experience intelligence will prevail. We need to have a mutiny on this loser. The best way to destroy the loser is give him what he wants. Americans will hold a grudge and his own party will realize it soon enough. The mutiny will begin among his own ranks first. We need a cleansing of this stupidity we have in our White house. We can not change our fate at this point anyway. We need to speed it up so we can move on.

Jan 14, 2013 6:48pm EST  --  Report as abuse
Speaker2 wrote:

stambo2001

While congress did authorize the two wars, Bush as I recall fired several people who questioned the lowball cost, they expected to spend less than 50-billion and spent a trillion dollars so far. VA cost for vet for these two wars will in the future cost us another trillion.

I really wish people would read how the government works, Congress passes bills/laws to spend cash. The president manages the spending authorized by congress.

So don’t blame the President, blame Congress. After all Congress wrote the spending bills and in many cases neglected to fund those outlays. Why, because they (Republicans) are bent on no taxes to get votes. That’s about all they promise to their elector, no new taxes and little else.

Jan 14, 2013 6:54pm EST  --  Report as abuse
anonomouser wrote:

Speak for yourself, Boehner. The republicans are fine with cutting medicare, medicaid, and social security benefits, but when it comes to cutting defense spending and their own fat salaries, that’s taboo. My local government just took a 50% hit on salaries and discretionary spending rather than raise taxes. They actually have to balance their budget each year. I’m proud of them and ashamed of the House of Representatives.

Jan 14, 2013 6:57pm EST  --  Report as abuse
datlgirl wrote:

It’s agreeing to pay the bills incurred. Mostly by this congress’ members.
Increasing the debt limit means we agree to pay what we already voted on via Republican House members and Dems and the senate. The bills MAKE the debt. The debt limit merely provides for paying them. There wasn’t a debt ceiling till some ingnoramous passed a bill to that effect. Wanna pass a bill against debt? Pass one that bills sent to floor must be within debt limits we already have. Don’t pass bills then decide not to pay for them.
This means all the bills that incur expenses including financing the military have no funding.

Jan 14, 2013 7:00pm EST  --  Report as abuse
haggler wrote:

Obama seems to think that his 2.8% popular vote margin absolves him from keeping his promises to get spending under control — and from his duty to stop mortgaging America’s future. Obama refuses to face the music, and the debt ceiling is the only leverage Congress has left to make him do it. We’re already a deadbeat nation. We’re not paying our bills now — China is. For the moment. For history’s sake, start making the hard choices, Barack. Do the right thing.

Jan 14, 2013 7:01pm EST  --  Report as abuse
mike439 wrote:

Lets hope he keeps up his proposed rise to “kingdom” and we will probably have a holiday named after him before long.
Asks for compromise, then lays down a my way or the highway edict.
This guy is such a pain in the a$$, noone said we weren’t gonna pay the bills, just not expand the spending and try to curb all the increases this idiot has in mind!

Jan 14, 2013 7:09pm EST  --  Report as abuse
EhWhoCares wrote:

Once again he is pitting one half of America against the other half. Way to go Mr. President. That’s leadership.

Jan 14, 2013 7:09pm EST  --  Report as abuse
minalta wrote:

The President says America has an obligation to pay it’s bills. America also has an obligation not to incur bills it has no money to pay. The President says he will not negotiate with the GOP on the debt ceiling, it is important that he remember that America is a republic, not a dictatorship. He has a duty to work with Congress.

Jan 14, 2013 7:11pm EST  --  Report as abuse
minalta wrote:

The President says America has an obligation to pay it’s bills. America also has an obligation not to incur bills it has no money to pay. The President says he will not negotiate with the GOP on the debt ceiling, it is important that he remember that America is a republic, not a dictatorship. He has a duty to work with Congress.

Jan 14, 2013 7:11pm EST  --  Report as abuse
congressive wrote:

This is clearly extortion. A conservative shakedown. Tank our nation’s credit rating again and Wall Street makes BILLIONS more in interest for servicing “risky” debt. These liars claim it’s to curb spending, while actually INCREASING the debt owed to banksters worldwide.

Wake up, people. Do the math. Follow the money.

Jan 14, 2013 7:28pm EST  --  Report as abuse
redmerlot wrote:

“What I will not do is to have that negotiation with a gun at the head of the American people,” he said.

Mr. President, this comment makes me absolutely livid. Not raising the debt limit does not put a gun to my head, so don’t you dare cast that insinuation. We, the middle class, have given you enough money, sir. No more debt ceiling increases. Borrowing and raising the debt ceiling is what puts a gun to my head, sir.

Stop rephrasing the borrowing of more money as “meeting America’s financial obligations.” As far as I’m concerned, if you can’t pay the bills without borrowing more money, the U.S. has already defaulted, and should admit it. Stop covering up the utter mess that is the American economy by borrowing more money and pretending we are in a “recovery.”

Nobody is holding us “hostage” by insisting that we cut the budget if we are going to raise that limit. If anything, I would consider that emancipating.

Jan 14, 2013 7:36pm EST  --  Report as abuse
redmerlot wrote:

DeannaTx wrote:

I’m amazed. I’m truly amazed at how uninformed so many are on how our government works. Or is intended to work.
Congress, not the President, approved the bills which would be funded.

////
It is just not that simple. Obama signs bills and sets policy that is responsible for borrowing and spending money. The Congress has to approve it. But Obama can not sit there and claim that all of the budget expenditures were all “decided by Congress”. The entire strategy of massive money stimulus was his. And it is he who designs (and signs) a budget.

I want the Government to reign in spending, period. And if we allow them to continue just raising the debt limit every time they run out of money, that will never happen.

Mr. President, here is a serious suggestion. Give the Republicans what they want. Propose a list of spending cuts. Don’t fool around. Cut at least as much as you plan to raise the debt ceiling. Cut EVERYTHING, even defense spending and other favorite Republican programs, but cut everything by an equal percentage. Then say, “There, Republicans, there are your cuts.”

Then, dare them to complain. They will no doubt complain about WHERE you chose to cut. They won’t want defense spending cut. If they do that, THEN you can really say that they are being obstructionist and holding the country hostage.

But until you propose serious spending cuts to offset this debt limit, you do not have the credibility to make that claim.

Jan 14, 2013 7:46pm EST  --  Report as abuse
onemind wrote:

I do not like Obama and voted against him both times. However, he is completely right and I support him 100%. The need is to pay for what CONGRESS already has obligated or spent. This does not give the President power to spend new money in new ways. It is to borrow the money necessary to cover what CONGRESS already has done or voted to spend. The Republican’s continue to treat the public like we are stupid and will not see their irresponsible and reckless games. Get real. Pay the bills. Then pass a budget that cuts spending. That is your responsibility. Do it!!

Jan 14, 2013 7:50pm EST  --  Report as abuse
jvonrock wrote:

What do we need to raise taxes for ? military, government pensions, new government agencies. once he stops, or we stop paying unemployment, prices climb we’ll see what others do and when we see the bill… sorry no more credit it’s repossess time, Carpetbaggers

Jan 14, 2013 8:12pm EST  --  Report as abuse
xyz2055 wrote:

redmerlot….Congress knew the last time they raised the debt ceiling EXACTLY when they would be faced with raising it again. It’s simple math. They know what the annual deficits are (how much in spending Congress has authorized). This isn’t a new process this has been going on for decades. It’s never a surprise when we will reach the debt ceiling. They’ve had a year to prepare for this moment. To write legislation to address spending. But they wait until the very last moment to make political theatre out of it. Further more, many of you have short memories. Remember the Fiscal Cliff that would have cut $7T in spending over the next 10 years starting on Jan 1 that the Congress just voted to delay for 2 months. Doesn’t that now kind of make the Republicans stance on the debt ceiling look silly?

Jan 14, 2013 8:21pm EST  --  Report as abuse
kevin2ia wrote:

It is comforting to know that BO is indeed The Great Unifier and that we are all “aligned” with his magnificence. And, of course, there is no spending problem, the trillions in debt is a misnomer; foisted on the good people of America by an internal enemy bent on destroying our socialist state – bad conservatives. Not sure why this is a story: Republicans say no, BO says yes, Republicans fold. SSDD. Indicating, once again, that all are committed to self enrichment and to heck with the country – God Bless America.

Jan 14, 2013 8:48pm EST  --  Report as abuse
NCMAN64 wrote:

Besides being a fiscally irresponsible narcissist, Obama doesn’t seem to understand that he needs to create a sensible budget that will be balanced. The trillion dollar plus deficit that obama has been running the last four years is unacceptable to the majority of Americans who understand basic economics, and is apparently something that obama and his cronies does not grasp. Our children and grandchildren should not be forced to pay for Obama’s ignorance and irresponsibility into the future.

Jan 14, 2013 8:52pm EST  --  Report as abuse
TAPhilo wrote:

If the debt ceiling is NOT raised the US will NOT default on the DEBT owed -it will still take two TRILLION dollars this year (or so) but would not be able to SPEND THREE trillion dollars – it could only spend what it takes in. Thus the debt OWED to notes from the Treasury WOULD STILL be paid their interest with no problems (around $500 billion last I saw). It is the EXTRA spending on OTHER items NOT REQUIRED by the Constitution that would be affected. Course they will try and cut the items that gets the most press – defense and “entitlements” in order to convey doom and gloom.

Social Security and Medicare have TRUST funds – but the money from ALL of them was taken out, IOUs put in their place, and spent DECADES ago. Thus each year the government has to cover the shortfall in the accounts with CURRENT income to make up what each program takes in vs. what is being spent out of them. Both systems are government approved and run PONZI schemes. People paying in now PAY for those collecting benefits NOW. There is no extra $ in the accounts at all.

The whole problem comes down to what programs / special funding agreements / policies are willing to be eliminated which each have their own special interest groups fighting to ensure that SOMEONE ELSE pays for them to get special tax cuts or money given to them for THEIR cause?
Take the Hurricane Sandy storm – should Congress pass special tax hikes on 42 other states to raise the $60 billion the 8 NE states want or should Congress tax the 8 states extra so that the CITIZENS of the states have to pay for their OWN reconstruction? In the current system those 8 states want every OTHER citizen to pay for it – they never want to pay for it themselves – and therein lies the whole problem with the whole US budget – everyone wants a benefit yet NONE want to pay for it.

Jan 14, 2013 9:05pm EST  --  Report as abuse
xyz2055 wrote:

NCMAN64..while you may understand basic economics you obviously missed the Government 101 class…per our Constitution..the President can not spend 1 dime of tax payer money without Congressional approval. ALL spending bills originate in the House of Representatives. But don’t take my word for it..read Paul Ryan’s “Path to Prosperity” version 3.0 2013 page 4 which is titled “Statement of Constitutional and Legal Authority”. The Budget is entirely up to Congress. They can have any Budget they want. The final Budget agreed to by Congress doesn’t even go to the President for either approval or veto.

Jan 14, 2013 9:11pm EST  --  Report as abuse
StigTW wrote:

Refusing to Negotiate makes him the Supreme Dictator in Chief …

Jan 14, 2013 9:22pm EST  --  Report as abuse
StigTW wrote:

Refusing to Negotiate makes him the Supreme Dictator in Chief …

Jan 14, 2013 9:22pm EST  --  Report as abuse
NCMAN64 wrote:

xyz2055….a common sense balanced budget would be nice, but Obama seems to be afflicted with the messiah syndrome since his re-election. There has to be some reason that he refuses to cut the out of control spending that we see.

Jan 14, 2013 9:38pm EST  --  Report as abuse
xyz2055 wrote:

NCMAN64..3 years ago Boehner and Obama had a handshake agreement to cut over $4T in spending with some tax increases. That deal also included cuts to entitlement programs. The Tea Party wing nuts in Congress shot that deal down. Obama is STILL willing to cut spending as long as it’s balanced (not all on Medicare, Medicaid and Social Security). If this process was just up to Boehner and Obama..I think you’d see a reasonable deal emerge. The problem is that Boehner has no control over the radical far right and the Tea Party Republican’s in the House. If you will recall, just recently Boehner tried to offer a counter deal to the tax increase package just passed. He couldn’t muster enough votes among the Republicans to get it done. There is a faction in the House Republicans that are determined to destroy our country. Obama has crossed the aisle more than any president in history to try and work with Republicans. Three separate bi-partisan committees to cut spending. It’s the Republican’s that won’t negotiate. Read Path to Prosperity. The 2013 Republican Budget. All the cuts come from Medicare and Medicaid while they eliminate Capital Gains and Dividend Taxes AND give the richest in this country huge tax breaks AND increase Defense spending.

Jan 14, 2013 10:02pm EST  --  Report as abuse
xyz2055 wrote:

NCMAN64..the Senate really needs to take the lead in this fight. Democrats have a majority. If they come up with a bill that they can get Democrats 100% behind..they only need 27 Republicans in the House to approve it to get legislation passed. Harry Reid needs to get off his duff and do something. Boehner is stuck between a rock and a hard place in the House.

Jan 14, 2013 10:09pm EST  --  Report as abuse

In 2006 Obama voted against raising the ceiling under the Bush administration.

Jan 14, 2013 10:19pm EST  --  Report as abuse
potatohead wrote:

Wow, sounds like the dictator has spoken: NO NEGOTIATIONS!

Jan 14, 2013 10:22pm EST  --  Report as abuse
usa.wi.vet.4q wrote:

Nice time for Washington to play politics. Both parties are merging into one new party called Swine.

Jan 14, 2013 10:27pm EST  --  Report as abuse
Mott wrote:

Sounds more like – No Negotiations with Hijackers and like.

Jan 14, 2013 11:47pm EST  --  Report as abuse
divinargant wrote:

Just because it’s always been raised does not necessarily mean it should be. The interest on the coupon will still get paid and there won’t be a default since there is abundant revenue cascading in to ensure that that will never happen. Fortunately rates are at historically low levels…for now. I don’t understand what the big deal is about this. The bigger issue is that we are running trillion dollar deficits that are unsustainable.

Jan 15, 2013 12:45am EST  --  Report as abuse
Chazz wrote:

“Mr. President, I rise today to talk about America’s debt problem. 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. I therefore intend to oppose the effort to increase America’s debt limit. ”

Barack Obama –

Jan 15, 2013 3:24am EST  --  Report as abuse
jaham wrote:

” And the fact of the matter is, is that we have never seen the debt ceiling used in this fashion”

– Obama news conference Jan. 14, 2013

“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. … I therefore intend to oppose the
effort to increase America’s debt limit.”

– Then-Sen. Barack Obama, floor speech in the Senate, March 16, 2006

Jan 15, 2013 12:21pm EST  --  Report as abuse
Snertly wrote:

Aww, why’s everyone picking on the Republicans when it comes to the debt ceiling? Could it have anything to do with the /last/ debt crisis and the way the GOP’s bantering about default caused the USA’s credit rating to drop?

Why yes, it could have a lot to do with that.

Jan 15, 2013 1:08pm EST  --  Report as abuse
jaham wrote:

“The fact that we’re here today to debate raising America’s debt limit

is a sign of leadership failure. Leadership means ‘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. I therefore

intend to oppose the effort to increase America’s debt limit.”

- Senator Obama, March 2006

Apparently, we had a debt problem due to inept leadership under GWB.

But, now that Obama has perpetuated and exacerbated those fiscally reckless policies and added more dollars to the federal debt than any other President in US history, we apparently have no problem as he refuses to cut spending as he promised, as his own deficit commission suggested, and as the arithmetic dictates a necessity.

Jan 15, 2013 3:47pm EST  --  Report as abuse
Willie12345 wrote:

He’s smart. With Turbo Timmy, he’ll be able to operate the government without an increase in borrowing. He’ll just pay the interest only, cut defense spending, and reduce the size of government by 15 %. Child’s work for a Harvard man.

Jan 15, 2013 5:33pm EST  --  Report as abuse
DGS62 wrote:

The Constitution gives Congress (and not the President) the right to borrow money on the credit of the United States. In the early days of the country, all bond issues were specifically authorized by Congress. Then they decided to simply authorize the Treasury to issue bonds up to a certain limit – that is what we know today as the “debt ceiling”. Congress has a responsibility to watch over government borrowing and not simply let the President borrow as much as he wants, whenever he wants. If the Congress tried to give such authorization, it would be an unconstitutional delegation of their authority. So to put some conditions on raising the limit some more is just doing their job, not looking for a “ransom”.

Jan 16, 2013 12:07am EST  --  Report as abuse
TheNewWorld wrote:

@Snertly

“Aww, why’s everyone picking on the Republicans when it comes to the debt ceiling? Could it have anything to do with the /last/ debt crisis and the way the GOP’s bantering about default caused the USA’s credit rating to drop?

Why yes, it could have a lot to do with that.”

The credit rating dropped because we expanded the debt ceiling without making any changes to what we are doing (spending much more than we bring in). It showed the world that Republicans and Democrats, the House, the Senate, and the Executive office are not going to take the steps to solve our deficit and debt issues. That is why the credit rating dropped, we continued moving in the wrong direction.

Jan 16, 2013 10:50pm EST  --  Report as abuse
MikeyLikesIt wrote:

This coming from a President that in 2006 said it was unpatriotic to raise the debt ceiling???

Also I’m getting a real kick out of the liberals that are just now saying that Congress controls the budget strings yet were saying that “8 years of Bush policies ruined this economy”. You guys are so full of hypocrisy you can’t even see clearly.

And I said this in a previous thread so I’ll say it here as well:

The last budget approved by the Republican held congress and George W. Bush as president is as follows:

Total revenue $2.57 trillion
Total expenditures $2.73 trillion
Deficit $161 billion

The “budget” for 2012 under the democrat senate (where ALL spending bills must originate) and president Obama is as follows:

Total revenue $2.627 trillion (requested)
$2.469 trillion (enacted)

Total expenditures $3.729 trillion (requested)
$3.796 trillion (enacted)

Deficit $1.101 trillion (requested)
$1.327 trillion (enacted)

Of course this can’t be 100% confirmed because the democrats haven’t passed a budget in 4 years. But still, look at these numbers. Revenue has been roughly the same from 2006 to 2012, yet spending has increased by 1.066 TRILLION dollars. This is an increase of deficit spending of over 800%!!

We do not have a revenue problem. We have a SPENDING problem.

All of these numbers are direct from the gpo.gov website.

Jan 17, 2013 10:36am EST  --  Report as abuse
jaham wrote:

You know what also hurts the economy, Mr. Obama: unsustainable government spending left unabated under your “leadership”, burdensome and inefficient regulation, raising taxes on a weak economy and your non-existent plan to make America attractive for business investment and the organic, sustainable job and wage growth commensurate with it.

Jan 17, 2013 12:58pm EST  --  Report as abuse
jaham wrote:

Oh, how I wish we had THIS Barrack Obama as President:

“Mr. President, I rise today to talk about America’s debt problem. 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. Over the past five years, our federal debt has increased by $3.5 trillion to $8.6 trillion. That is ‘‘trillion’’ with a ‘‘T.’’ That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next five years, between now and 2011, the president’s budget will increase the debt by almost another $3.5 trillion. Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the federal government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America. And the cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports and levees; robbing our families and our children of critical investments in education and health-care reform; robbing our seniors of the retirement and health security they have counted on. Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities. Instead, interest payments are a significant tax on all Americans — a debt tax that Washington doesn’t want to talk about. If Washington were serious about honest tax relief in this country, we would see an effort to reduce our national debt by returning to responsible fiscal policies. But we are not doing that. Despite repeated efforts by Senators Conrad and Feingold, the Senate continues to reject a return to the commonsense pay-go rules that used to apply. Previously, pay-go rules applied both to increases in mandatory spending and to tax cuts. The Senate had to abide by the commonsense budgeting principle of balancing expenses and revenues. Unfortunately, the principle was abandoned, and now the demands of budget discipline apply only to spending. As a result, tax breaks have not been paid for by reductions in Federal spending, and thus the only way to pay for them has been to increase our deficit to historically high levels and borrow more and more money. Now we have to pay for those tax breaks plus the cost of borrowing for them. Instead of reducing the deficit, as some people claimed, the fiscal policies of this administration and its allies in Congress will add more than $600 million in debt for each of the next five years. That is why I will once again co-sponsor the pay-go amendment and continue to hope that my colleagues will return to a smart rule that has worked in the past and can work again. Our debt also matters internationally. My friend, the ranking member of the Senate Budget Committee, likes to remind us that it took 42 presidents 224 years to run up only $1 trillion of foreign-held debt. This administration did more than that in just five years. Now, there is nothing wrong with borrowing from foreign countries. But we must remember that the more we depend on foreign nations to lend us money, the more our economic security is tied to the whims of foreign leaders whose interests might not be aligned with ours. 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. I therefore intend to oppose the effort to increase America’s debt limit.”

- Senator Obama , March 16th, 2006

Jan 18, 2013 10:48am EST  --  Report as abuse
nnohomike wrote:

“The last budget approved by the Republican held congress and George W. Bush as president is as follows:

Total revenue $2.57 trillion
Total expenditures $2.73 trillion
Deficit $161 billion”

Fuzzy math. (I didn’t validate your numbers You DO realize that BUSH didn’t budget for things like the Iraq war, or Afghanistan. You speak of the BUDGET, when BUSH spent much based on legislative appropriation. THEY NEVER BUDGETTED FOR SOME VERY BIG ITEMS.

A couple of weeks before O. took office, the Congressional Budget Office published their outlook for the year 2009. In its core assumptions was that O. instituted NO POLICY CHANGES FROM THE LAST ADMINISTRATION.

The deficit forecast for 2009 based on such assumptions – $1.2 T USD.

They were pretty close, huh?

The main cause of the deficit forecast? A precipitous drop in tax revenue due to the massive recession underway. Look at the actual spending numbers. They increased sharply every year bush was in office. They’ve flattened to essentially zero growth since 2009.

“because the democrats haven’t passed a budget in 4 years.”

The democrats have proposed budgets. The ones they’ve proposed and the ones they’ve followed are hosted on the Whitehouse site. CONGRESS has failed to approve them.

Last I checked, there were a few R’s there…

Jan 18, 2013 3:22pm EST  --  Report as abuse
cmdrscotie wrote:

I remember the good ol’ days when the Evil Newt shut the government down for 3 weeks and FORCED the Clinton Administration to operate within a balanced budget. Nobody died. The end of the world didn’t happen. Politicans had to do their damn job, and the problem was fixed…for awhile.

Jan 20, 2013 8:01am EST  --  Report as abuse

People please wake up! Just look at this from a logical stand point. President Obama is asking us to allow him to borrow and spend more of OUR money. He says, if we don’t it will hurt the economy and many in need will not receive funds. This is the same president, senate and congress that have not passed a budget in 4 years! We have not had a balanced budget in over a decade! All politicians, Democrat or Republican on a National level view themselves as the “Ruling Class” they put themselves above “WE THE PEOPLE”. This ridiculous tax and spend must stop! We are simply out of money and we must tell Washington….NO!!!

Jan 20, 2013 9:07am EST  --  Report as abuse
samxyz wrote:

Obama won the election by a squeaker. As few as 800,000 votes in the right counties, cast differently, would have made Romney president (oh don’t we wish!). So much for his claim to some kind of a mandate.

Also, the people kept the House in Republican hands, not by accident, and the House controls the nation’s purse strings.

Finally, the revenue that comes into the government coffers on a daily, weekly, or annual basis is more than enough to cover the nations debt service which is only 6% of government receipts.

Jan 20, 2013 9:33am EST  --  Report as abuse
TheNewWorld wrote:

@nnohomike

The Democrats held the House and the Senate from 2007-2011. You are good with pulling up the facts. Pull up their 4 budgets.

Jan 20, 2013 12:18pm EST  --  Report as abuse
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