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Obama Urges Action On Debt Ceiling


US Politics & Gov't  (tags: congress, americans, Obama, debt ceiling, republicans, economy )

Carrie
- 472 days ago - nationalmemo.com
Obama said he is willing to consider more spending cuts and tax increases to reduce the deficit. But he said he "will not compromise" over his insistence that Congress lift the federal debt ceiling.



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Comments

Jason S. (57)
Saturday January 5, 2013, 9:16 pm
Good posting, thanks
 

Elizabeth M. (64)
Saturday January 5, 2013, 11:07 pm
Thank You Carrie for posting this so quickly. Good Luck on this one Mr. President.
 

Susanne R. (248)
Sunday January 6, 2013, 12:09 am
As the President said, Congress approved the spending that created the debt. If they refuse to lift the debt ceiling so that our bills can be paid, they're being irresponsible. This country is responsible for two wars that have not been paid for. It's going to take some time to get our financial house in order. Defaulting on our loans will only cost us more money in the long run in addition to running the risk of another credit downgrade. Politicians who vote against raising the debt ceiling are playing a dangerous game that might just backfire on them.
 

Lois Jordan (55)
Sunday January 6, 2013, 12:46 am
Noted. Yes, raise the debt ceiling and cut the Pentagon/war funding. Bring home our troops and treasure.
 

Carol H. (229)
Sunday January 6, 2013, 2:08 am
here we go again Boehner hates the president!
 

Diane O. (151)
Sunday January 6, 2013, 5:38 am
Obama's idea of cutting spending is not enough to avoid the fiscal train wreck. We need deep spending cuts across the board.

This is going to be another four years of bad leadership IMO.
 

Carrie B. (278)
Sunday January 6, 2013, 9:53 am
Thank you Susanne for pointing out the obvious facts so many ignore. Obama doesn't spend the money - Congress does! The president has no power to spend on his own. Raising the debt ceiling means we are able to pay for debts already incurred.
 

Diane O. (151)
Sunday January 6, 2013, 10:07 am
The Senate hasn't passed a budget in four years. One glaring error in what you say is that the president has to SIGN the Budget Act. In addition, Obama goes around the congress when he doesn't get what he wants by "Executive Order."

I would say that Obama has all the power.
 

Carrie B. (278)
Sunday January 6, 2013, 11:02 am
Congress spends the money and then balks when it is time to pay up. Perhaps putting two wars and all the tax cuts for the wealthy on credit cards was not such a good idea. Those are the expenditures never paid for or considered paying for by the Bush administration.
 

Carrie B. (278)
Sunday January 6, 2013, 12:05 pm
"What we must not do, however, is move toward a balanced budget on the backs of the elderly, the children, the sick and the poor. Sadly, that is the approach that virtually all Republicans and some Democrats are advocating. As the founder of the Defending Social Security Caucus, I look forward to working with other members of Congress, the AFL-CIO, senior and disability groups and the vast majority of people in our country who want to prevent cuts in Social Security, Medicare, Medicaid, education and other programs vitally important to the working families of America.
In my view, if the Republicans continue to play an obstructionist role, the president should get out of the Oval Office and travel the country. If he does that, I believe that he will find that there is no state in the country, including those that are very red, where people believe that it makes sense to continue giving huge tax breaks to millionaires and billionaires while cutting Social Security, Medicare and Medicaid. I have a strong feeling that when large numbers of constituents all across this country start calling and emailing their senators and members of Congress about this issue, the American people will win this fight."


Read more: http://www.politico.com/news/stories/1112/84012_Page2.html#ixzz2HEBBG8oy
 

Wayne W. (12)
Sunday January 6, 2013, 12:10 pm
Carrie, also MediCare is not allowed to negotiate prescription prices. That costs $22 billion every year.

A 2007 Treasury Department report (prepared under President Bush) concluded that “corporate tax preferences” – that is, loopholes – resulted in lost revenue of $1,241,000,000,000 over a ten-year period.
That satusfies the $1.2 trillion cost reduction by itself. Or keep $200 billion of that and allow MediCare to negotiate. Or keep $500 billion more and implement the $50 billion/ yr the military has already said it can do without. Or, leave all that as it is, and implement a Wall St high volume transaction tax of 1/4 of one percent on each party in high volume transactions and raise $1.8 trillion. The nice thing about that is that it also discourages the type of behavior that led to the 2008 crash.

Another nice thing is that none of these things involve cutting current benefits.

Mission accomplished. This is not hard. What's next?
 

Past Member (0)
Sunday January 6, 2013, 1:02 pm
Yes, Lois and Susanne!

"The Senate hasn't passed a budget in four years. One glaring error in what you say is that the president has to SIGN the Budget Act."

Are you supporting Paul (Ayne Rand) Ryan's budget??? Have you seen the 4 yr. old POS?
 

Past Member (0)
Sunday January 6, 2013, 1:12 pm
I meant to add. We don't have a spending problem, we have a revenue and MIC problem. Some people just don't want to look at it but there it is!

The F-22 Raptor: Program & Events
As fighters like the Russo-Indian T50/PAK-FA come on board, and 4+ "The Air Force says the F-22 cost $44,259 per flying hour in 2008; the Office of the Secretary of Defense said the figure was $49,808.
defenseindustrydaily.com/f22-raptor-procurement-events-updated-02908/

MIC= Lockheed Martin F-22 Raptor: Development: Production and procurement
In April 2006, the cost of the F-22 was assessed by the Government Accountability Office to be $361 million per aircraft. By April 2006, $28 billion had been invested in F-22 development and testing; while the Unit Procurement Cost was estimated at $177.6 million in 2006, based on a production run of 181 aircraft. It was estimated by the end of production, $34 billion will have been spent on procurement, resulting in a total program cost of $62 billion, around $339 million per aircraft. The incremental cost for an additional F-22 was estimated at about $138 million. In March 2012, the GAO increased the estimated cost to $412 million per aircraft. More at Wikipedia
 

Mary Donnelly (44)
Sunday January 6, 2013, 1:25 pm
Thanks for this one; let's hope it works.
 

Deborah W. (6)
Sunday January 6, 2013, 3:16 pm
Obama is totallly inept in the arts of management and governance, doesn't learn from his mistakes and therefore repeats policies that make our economy less robust and our nation less safe. Blames all his problems on those with whom he disagrees.

Let Executive Privilege, excessive unsustainable spending, raising debt ceiling and printing more money continue four more and see what happens, ready?
 

Past Member (0)
Sunday January 6, 2013, 3:25 pm
To quote myself from another info, Deborah...

"Everything smart people built and invested in, in our country, left and right, Has or is being decimated by the Karl Rove, fascist right. Hitler would be proud to see his legacy reintroduced in a super power country. I think Eva Braun has been seen around here. "

You obviously don't know who introduces the budget or much of anything governmental.
Are YOU supporting Paul (Ayne Rand) Ryan's budget??? Have you seen the 4 yr. old POS?

 

jan b. (3)
Sunday January 6, 2013, 4:00 pm
FORBES http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-gove
BAA WAA WAA Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
Pelosi's statement recently seemingly was referring to section four of the 14th amendment, which states: “The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”
The GOP and their dirty tricks----when GW BUSH was incurring all those debts we are saddled with today and the biggest crisis since 1929.....the debt ceilng was raise numerous times !! This is the kind of hypocrisy from the GOP that is destroying their party.....and it won't be TOO SOON for ME !!!

 

Past Member (0)
Sunday January 6, 2013, 4:57 pm
Eventually, the United States will have to go bankrupt. They have to borrow money to pay the debt, and that debt just keeps getting bigger. And neither party is doing anything serious to address the issue. And I don't they will until it is too late! So, like it or not, you are on a sinking ship. If any of those worms had the guts to seriously cut spending, and accept the consequences, they might be able to save this nation. Unfortunately, they all just want to help themselves.
 

Nancy L. (139)
Sunday January 6, 2013, 8:08 pm
Math doesn't lie. Get clue people. We Must balance the budget or EVERYONE will suffer.

 

James Maynard (62)
Sunday January 6, 2013, 8:33 pm
If the "Congress" is not willing to pay the bill for the
budgets they have passed, they should stop passing
gas - oops, I meant budgets.
 

Lloyd H. (46)
Monday January 7, 2013, 4:46 am
I always find it interesting in the most disgusting way that the Repug/Tea Bagged fight tooth and nail for government welfare for the 1% and Corporations that always costs far more, and seldom if every goes into job creation or back into the economy but into offshore accounts and tax havens/dodges, than government welfare for actual Citizens in need, particularly since welfare for the poor, old, sick, young and unemployed always goes straight back into the economy. And for all the Repug self proclaimed fiscal responsibility and conservatism they have, since Eisenhower, always increased the size and cost of government when in power. And for all of their self claimed fiscal prowess it has always been Repug Presidents that have increased the Debt by the largest percentage: Carter increased debt by 42.3%, Reagan by 188.6%, Bush Sr. by 55.6%, Clinton by 35.6%, Bush Jr. by 89%, and Obama by 41.4%.
 

Deborah W. (6)
Monday January 7, 2013, 6:00 am
Back-and-forth blame doesn't cut it ... or "that's just the way it is" ... or "the new norm". We're finished as a great nation once this is accepted and become just another country -- AmeriKa,

Check track record of those voted into office now and until the next choice to replace if you don't like what you see, or retain if you do like what you see. They work for us and we still have the power to change things up ... if motivation is not dead.
 

John Gregoire (248)
Monday January 7, 2013, 6:38 am
Obama is out of his mind. We have to stop all this spending and increasing the debt ceiling just allows the country to print more money. Then, we artificially "manage" inflation by mandating a low-interest policy in the Fed which over the last 4 years has crippled the savings of most seniors. We need to face reality and show some real leadership. It won't be popular but it is needed.
 

Diane O. (151)
Monday January 7, 2013, 7:14 am
John, I could not agree with you more. We aren't going to see any basic math revelations from Obama and Biden Obama will continue to add debt over the next four years. Nancy "Scissorhands" Pelosi is frothing at the mouth to tax the rich yet again. She reminds me of a blood hound on steroids.

Of course, the low interest rates are artifically managing inflation. Wait until the interest rates go up....right about the time Obama is walking out the door in 2016!! I can hear Obama now...."This is George W. Bush's fault. This is John Boehner's fault. This is Mitch McConnell's fault....and since Obama is incapable of self reflection.....he'll always believe that he was the smartest man in every room.
 

Dave C. (204)
Monday January 7, 2013, 10:30 am
the easiest way to cut the budget would be to decrease military spending....it is 60% of our budget.......any GOP agree with this?????
 

Past Member (0)
Monday January 7, 2013, 11:05 am
@ John/Diane.
Don't you people READ?
FORBES http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-gove
BAA WAA WAA Amidst all the cries of Barack Obama being the most prolific big government spender the nation has ever suffered, Marketwatch is reporting that our president has actually been tighter with a buck than any United States president since Dwight D. Eisenhower.
 

Diane O. (151)
Monday January 7, 2013, 3:28 pm
Military spending can be streamlined you'll have no argument from me there. However, America cannot be discounted to the world at Obama's hand. DaveC, the major cost to the taxpayers is the DEBT and social programs. What part of that don't you understand?
 

Carrie B. (278)
Monday January 7, 2013, 3:36 pm
Diane, what part of "you don't know what you are talking about", don't you understand?
 

Diane O. (151)
Monday January 7, 2013, 4:01 pm
Jason, sorry, pal, but your comments are lost in the wind. Emotional comments without merit die a quick death. America will never become a "nanny state" not by any stretch of the imagination. We are a personal responsibility nation....built by the immigrants who came here to find a better life through hard work to take care of their families, without the government's aid, to educate their children, without college loans, and look where we are today.....college students who EXPECT the government to give them not only a free education, but "free" healthcare. This is America, Jae. It's all about personal responsibility Americans who have stepped up the plate, doing the hard work and reaping their rewards. What the liberals of today can't factor in....is that if one is sitting on the shore waiting for their ship to come in.....hopefully they sent a ship out there.....America was built on capitalism and capitalism is the only thing that can save our young people of today. Do the hard work....get an education put the time in and then chart your course. The slackards who are sitting on the shore waiting for "some" ship to come in that they never sent out....spells out the mentality of our young people today. Not all of them....let me be clear in saying that not all young people are waiting for handouts but the truth is that many have been brought up to expect the taxpayers to take care of them. Look at Greece....other European countries and you have you see that in order to get ahead in life one has to put something in....
 

Lois Jordan (55)
Tuesday January 8, 2013, 1:39 pm
Yes---just look at Greece and other European countries...."austerity" is their middle name...and economic depression is their game. The unemployment rates in these countries is extremely high and the people are angry and depressed. Are we just supposed to follow them to hell?
Diane and a couple others are living in the past. Do you know how much a college education costs these days? Many colleges used to be nearly free they were so cheap to attend....see if you can find one now that doesn't cost an arm and a couple legs. Maybe you liked Willard Romney's suggestion that students just "borrow the money from their parents." Well, due to corporate greed and a financial industry with no conscience...many, many people are unemployed/underemployed. Many lost pensions, retirements...their houses. Why do you think so many are qualifying for food stamps? They just suddenly got lazy and quit their jobs? People are hurting. They don't have the money to lend to their kids since they're barely surviving themselves. And, they don't want your pity, either....or your cruel remarks. How is life in the clouds above reality?
 
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