Debt
ceiling!
Showing posts with label Debt Limit. Show all posts
Showing posts with label Debt Limit. Show all posts
Monday, October 21, 2013
Wednesday, September 4, 2013
Debt limit senator vs Potus perspective. Now very close to seventeen trillion under obama ... Thx Ramey H!
Please read, think
about this and forward.
The Quote of the
Decade:
"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 US Government cannot 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 H.
Obama, March 2006
Pass it on 'til
eternity... (It was so nice of him to give us this great quote
for posterity!) SO, USE IT!
Only 86% will send
this on. Should be 100%.
Please send it on, if
only to one
person!
|
Thursday, January 17, 2013
Debt Ceiling discussion
http://www.facebook.com/photo.php?v=132855030209592&set=vb.306430396123877&type=3&theater
I welcome this conversation ...
PUSA to House
I welcome this conversation ...
PUSA to House
Thursday, December 27, 2012
The Cliff and the 16.4 trillion dollar debt limit
The Cliff and the 16.4 trillion dollar debt limit:
PUSA obama gives the best example of 'unmitigated gall' I have witnessed in my eighty years on earth. Reportedly, he wants to go over the cliff so that he can blame the Republicans. Who raised our debt more than all former presidents combined during the last four years? Wasn't it this narcissistic pusa?
And aren't the media heads talking about the demise of the 2010 Tea Party a little prematurely? I will remain a Tea Party Republican for the rest of my days because the Demoncrats have nothing close to Tea Party ethics.
Term limits for all elected 'representatives', a simplified tax plan, and effective ways of prosecuting American traitors and terrorists from anywhere are highly desirable for this struggling nation.
obama will be happy when the simplified tax form says: 1.) How much did you make? _________
2.) Send it in! The government might give you back thirty cents on the dollar and will proceed to spend your money in a completely irresponsible manner. Don't worry. Be happy!
SamKat
PUSA obama gives the best example of 'unmitigated gall' I have witnessed in my eighty years on earth. Reportedly, he wants to go over the cliff so that he can blame the Republicans. Who raised our debt more than all former presidents combined during the last four years? Wasn't it this narcissistic pusa?
And aren't the media heads talking about the demise of the 2010 Tea Party a little prematurely? I will remain a Tea Party Republican for the rest of my days because the Demoncrats have nothing close to Tea Party ethics.
Term limits for all elected 'representatives', a simplified tax plan, and effective ways of prosecuting American traitors and terrorists from anywhere are highly desirable for this struggling nation.
obama will be happy when the simplified tax form says: 1.) How much did you make? _________
2.) Send it in! The government might give you back thirty cents on the dollar and will proceed to spend your money in a completely irresponsible manner. Don't worry. Be happy!
SamKat
Sunday, January 22, 2012
Campaign Poster ... Thanks Judi!
I did take the time to "snope" this and it
is true.....
This is too good..
Be sure to check out where the "quote" came from (at the bottom).mThe Quote of the Decade: “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 US Government cannot 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 H. Obama, March 2006Pass it on
Wednesday, August 3, 2011
Quote of the Decade- Senator Barack Obama- 2006
The Quote of the Decade
“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 US Government can not 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 H. Obama, March 2006
“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 US Government can not 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 H. Obama, March 2006
Thursday, July 28, 2011
Thanks you Dawood Kahn aka Dave Kaelin!
Silk Roads and Siamese Smiles The Journey so far…ArchivesRSS Feed
Boehner, Debt Default, Deficit, Deficit Reduction, Economy, Obama, US Debt Default, US Debt Reduction, US Deficit, Warren Buffet
Warren Buffet on the Deficit
In Politics, Quotes, thinking out loud on July 28, 2011 at 3:40 pm
One way to avoid deficits is to prevent re-election for every Congressperson and the President whenever the deficit gets over three per cent.
“The threat of force lies behind every tax dollar the government collects.”
— Gene Healy
Cherish public credit. One method of preserving it is to use it as sparingly as possible, avoiding occasions of expense by cultivating peace…avoiding likewise the accumulation of debt.
— George Washington
“The only difference between government and gangsters is your opinion.”
– Chris Lyspooner
Boehner, Debt Default, Deficit, Deficit Reduction, Economy, Obama, US Debt Default, US Debt Reduction, US Deficit, Warren Buffet
Warren Buffet on the Deficit
In Politics, Quotes, thinking out loud on July 28, 2011 at 3:40 pm
One way to avoid deficits is to prevent re-election for every Congressperson and the President whenever the deficit gets over three per cent.
“The threat of force lies behind every tax dollar the government collects.”
— Gene Healy
Cherish public credit. One method of preserving it is to use it as sparingly as possible, avoiding occasions of expense by cultivating peace…avoiding likewise the accumulation of debt.
— George Washington
“The only difference between government and gangsters is your opinion.”
– Chris Lyspooner
Friday, July 22, 2011
NewsMax.com on possible three trillion dollar debt cut
Forward Article Democrats reacted angrily to reports that the White House is cutting a deal with House Republicans to boost the U.S. debt ceiling and reduce deficits by about $3 trillion over 10 years without immediate revenue increases.
President Barack Obama’s team has told congressional leaders it is pursuing such a deal, according to two officials familiar with the talks, as the White House and House Speaker John Boehner of Ohio denied one was at hand.
The officials, who described outlines of the plan on condition of anonymity, said congressional leaders were told it would enact spending reductions while calling for a future tax overhaul that could raise $1 trillion in additional revenue.
Obama summoned Democratic leaders from the House and Senate to a White House meeting at 5:30 p.m., a Democratic official said.
Little more than a week is left before the Aug. 2 deadline for raising the $14.3 trillion debt ceiling and averting a default. Negotiations for a deficit-cutting deal to set the stage for raising the cap were moving quickly, and some Democrats said they feared they might be asked to swallow a plan they couldn’t accept: steep reductions in programs including Medicare and Social Security, with no promise of higher tax revenue.
Lew Meeting
Senate Majority Leader Harry Reid of Nevada confronted White House Budget Director Jack Lew about such a possible deal at a closed-door lunch at the Capitol, and Lew said he wasn’t aware of any agreement, according to Senator Joe Lieberman of Connecticut, an independent who caucuses with the Democrats. Some Democrats believe they are being left out as Obama bargains with Boehner, Lieberman said.
Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat, said a major budget deal that doesn’t include new revenue “obviously” couldn’t pass the Democratic- controlled Senate.
“We are very volcanic at this moment,” Senator Barbara Mikulski, a Maryland Democrat, said as she left the session with Lew. She said Democrats don’t want an agreement similar to last year’s deal between Obama and Republicans that extended Bush-era tax cuts for all taxpayers, including the wealthy.
‘False’
The news of a potential deal in the debt-limit dispute was first reported today by the New York Times and was quickly denied by White House press secretary Jay Carney. Boehner said in a Twitter message that reports of a deal were “false.” Lew, leaving his session with Senate Democrats, said, “There is no agreement.”
“There is no progress to report,” Carney said at a briefing in Washington. He said the administration is “absolutely confident” an agreement to avert a default can be reached before Aug. 2, when the Treasury Department says the U.S. would exhaust its borrowing authority.
Standard & Poor’s warned there is a 50 percent chance it will lower the U.S. government’s AAA credit rating by one or more levels within three months. S&P said today that, even if Congress raises the debt limit in time to avert a default, it might lower the U.S. sovereign rating to AA+ with a negative outlook if it isn’t accompanied by a “credible solution” on the debt level.
Borrowing Costs
Such a ratings change, which could come as soon as early August, would “modestly raise” the federal government’s borrowing costs, S&P said. If the U.S. defaults on some obligations after Aug. 2, even if it pays bondholders, S&P forecast short-term interest rates would rise by 50 basis points or 0.50 percentage points and long-term interest rates by 100 basis points or 1 percentage point.
Boehner plans to meet with rank-and-file Republicans tomorrow morning to brief them on the status of the talks. Republicans insist that any debt-ceiling boost be accompanied by spending cuts and measures to reduce the long-term debt without raising taxes.
Boehner told reporters he has prepared his membership for the possibility of a compromise with Democrats to raise the debt limit, and that he believed a majority of the 240 Republicans are prepared to do so. “We have a responsibility to act,” he said.
Tax Revenue
Democrats say more tax revenue must be part of any final compromise.
“The president always talked about balance, that there had to be some fairness in this, that this can’t be all cuts,” Reid told reporters at the Capitol. “There has to be a balance, there has to be some revenue with the cuts. My caucus agrees with that. I hope the president sticks with that. I’m confident he will.”
Lieberman said Democrats “are anxious that the president is negotiating with Speaker Boehner, and that somehow that an agreement made there will be forced on the Senate.”
At the same time, a bipartisan group of six senators who revived hopes this week for a grand bargain haven’t produced details sought by leaders, making it harder to add their proposals to any debt-ceiling endgame, said two Democratic aides familiar with the deliberations.
Gang of Six
The so-called “Gang of Six” outlined a $3.7 trillion deficit-reduction plan and Obama embraced it this week. Some Republicans have endorsed it or signaled openness to considering its elements. The group was meeting with Senate leaders today to determine which of their ideas -- if any -- would offer a way out of the current conflict.
Senate leaders have also discussed a fallback plan by Reid and Republican Leader Mitch McConnell of Kentucky to give Obama $2.4 trillion in borrowing authority. It could be combined with spending cuts and a committee charged with pushing through longer-term debt reduction in the coming months.
The two parties blamed each other for the stalemate. Reid said the House’s decision to be out of session this weekend presents “a bad picture” to Americans as the deadline nears for possible default on federal debt.
Michael Steel, a spokesman for Boehner, responded with an e-mail saying the House had passed its plan, which would condition a debt-ceiling increase on passage of a constitutional amendment requiring a balanced budget. Democrats say the plan can’t pass the Senate, which plans to vote on it tomorrow or July 23.
Opening Seen
Democrats seized on comments by Grover Norquist, president of Americans for Tax Reform, as providing an opening for Republicans to accept some revenue increases.
Norquist told the Washington Post editorial board that allowing the Bush-era tax cuts to expire as scheduled at the end of 2012 wouldn’t violate the no-tax-increase pledge that almost all Republican members of Congress have signed.
“Not continuing a tax cut is technically not a tax increase,” he said. Congress could allow the tax cuts to expire without a vote. Democrats have called for allowing the tax cuts for high-income taxpayers to expire while permanently extending most of the cuts.
Democratic Senator Chuck Schumer of New York said Norquist’s statement is a signal that House Republicans should “step back from the brink.”
Norquist’s group issued a statement later saying that letting the tax cuts expire would amount to a tax increase opposed by the group.
Americans for Tax Reform “opposes all tax increases on the American people,” the group said in an e-mailed statement. The Gang of Six plan appears to “dramatically increase taxes on the American people.”
--With assistance from Kate Andersen Brower, Catherine Dodge, Kathleen Hunter, James Rowley, Roger Runningen, Julianna Goldman, Peter Cook, Brian Faler and Richard Rubin in Washington. Editors: Laurie Asseo, Don Frederick
To contact the reporters on this story: Julie Hirschfeld Davis in Washington at Jdavis159@bloomberg.net; Laura Litvan in Washington at bfaler@bloomberg.net
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
© Copyright 2011 Bloomberg News. All rights reserved.
Read more on Newsmax.com: Democrats Balk at Possible Debt Deal
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
President Barack Obama’s team has told congressional leaders it is pursuing such a deal, according to two officials familiar with the talks, as the White House and House Speaker John Boehner of Ohio denied one was at hand.
The officials, who described outlines of the plan on condition of anonymity, said congressional leaders were told it would enact spending reductions while calling for a future tax overhaul that could raise $1 trillion in additional revenue.
Obama summoned Democratic leaders from the House and Senate to a White House meeting at 5:30 p.m., a Democratic official said.
Little more than a week is left before the Aug. 2 deadline for raising the $14.3 trillion debt ceiling and averting a default. Negotiations for a deficit-cutting deal to set the stage for raising the cap were moving quickly, and some Democrats said they feared they might be asked to swallow a plan they couldn’t accept: steep reductions in programs including Medicare and Social Security, with no promise of higher tax revenue.
Lew Meeting
Senate Majority Leader Harry Reid of Nevada confronted White House Budget Director Jack Lew about such a possible deal at a closed-door lunch at the Capitol, and Lew said he wasn’t aware of any agreement, according to Senator Joe Lieberman of Connecticut, an independent who caucuses with the Democrats. Some Democrats believe they are being left out as Obama bargains with Boehner, Lieberman said.
Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat, said a major budget deal that doesn’t include new revenue “obviously” couldn’t pass the Democratic- controlled Senate.
“We are very volcanic at this moment,” Senator Barbara Mikulski, a Maryland Democrat, said as she left the session with Lew. She said Democrats don’t want an agreement similar to last year’s deal between Obama and Republicans that extended Bush-era tax cuts for all taxpayers, including the wealthy.
‘False’
The news of a potential deal in the debt-limit dispute was first reported today by the New York Times and was quickly denied by White House press secretary Jay Carney. Boehner said in a Twitter message that reports of a deal were “false.” Lew, leaving his session with Senate Democrats, said, “There is no agreement.”
“There is no progress to report,” Carney said at a briefing in Washington. He said the administration is “absolutely confident” an agreement to avert a default can be reached before Aug. 2, when the Treasury Department says the U.S. would exhaust its borrowing authority.
Standard & Poor’s warned there is a 50 percent chance it will lower the U.S. government’s AAA credit rating by one or more levels within three months. S&P said today that, even if Congress raises the debt limit in time to avert a default, it might lower the U.S. sovereign rating to AA+ with a negative outlook if it isn’t accompanied by a “credible solution” on the debt level.
Borrowing Costs
Such a ratings change, which could come as soon as early August, would “modestly raise” the federal government’s borrowing costs, S&P said. If the U.S. defaults on some obligations after Aug. 2, even if it pays bondholders, S&P forecast short-term interest rates would rise by 50 basis points or 0.50 percentage points and long-term interest rates by 100 basis points or 1 percentage point.
Boehner plans to meet with rank-and-file Republicans tomorrow morning to brief them on the status of the talks. Republicans insist that any debt-ceiling boost be accompanied by spending cuts and measures to reduce the long-term debt without raising taxes.
Boehner told reporters he has prepared his membership for the possibility of a compromise with Democrats to raise the debt limit, and that he believed a majority of the 240 Republicans are prepared to do so. “We have a responsibility to act,” he said.
Tax Revenue
Democrats say more tax revenue must be part of any final compromise.
“The president always talked about balance, that there had to be some fairness in this, that this can’t be all cuts,” Reid told reporters at the Capitol. “There has to be a balance, there has to be some revenue with the cuts. My caucus agrees with that. I hope the president sticks with that. I’m confident he will.”
Lieberman said Democrats “are anxious that the president is negotiating with Speaker Boehner, and that somehow that an agreement made there will be forced on the Senate.”
At the same time, a bipartisan group of six senators who revived hopes this week for a grand bargain haven’t produced details sought by leaders, making it harder to add their proposals to any debt-ceiling endgame, said two Democratic aides familiar with the deliberations.
Gang of Six
The so-called “Gang of Six” outlined a $3.7 trillion deficit-reduction plan and Obama embraced it this week. Some Republicans have endorsed it or signaled openness to considering its elements. The group was meeting with Senate leaders today to determine which of their ideas -- if any -- would offer a way out of the current conflict.
Senate leaders have also discussed a fallback plan by Reid and Republican Leader Mitch McConnell of Kentucky to give Obama $2.4 trillion in borrowing authority. It could be combined with spending cuts and a committee charged with pushing through longer-term debt reduction in the coming months.
The two parties blamed each other for the stalemate. Reid said the House’s decision to be out of session this weekend presents “a bad picture” to Americans as the deadline nears for possible default on federal debt.
Michael Steel, a spokesman for Boehner, responded with an e-mail saying the House had passed its plan, which would condition a debt-ceiling increase on passage of a constitutional amendment requiring a balanced budget. Democrats say the plan can’t pass the Senate, which plans to vote on it tomorrow or July 23.
Opening Seen
Democrats seized on comments by Grover Norquist, president of Americans for Tax Reform, as providing an opening for Republicans to accept some revenue increases.
Norquist told the Washington Post editorial board that allowing the Bush-era tax cuts to expire as scheduled at the end of 2012 wouldn’t violate the no-tax-increase pledge that almost all Republican members of Congress have signed.
“Not continuing a tax cut is technically not a tax increase,” he said. Congress could allow the tax cuts to expire without a vote. Democrats have called for allowing the tax cuts for high-income taxpayers to expire while permanently extending most of the cuts.
Democratic Senator Chuck Schumer of New York said Norquist’s statement is a signal that House Republicans should “step back from the brink.”
Norquist’s group issued a statement later saying that letting the tax cuts expire would amount to a tax increase opposed by the group.
Americans for Tax Reform “opposes all tax increases on the American people,” the group said in an e-mailed statement. The Gang of Six plan appears to “dramatically increase taxes on the American people.”
--With assistance from Kate Andersen Brower, Catherine Dodge, Kathleen Hunter, James Rowley, Roger Runningen, Julianna Goldman, Peter Cook, Brian Faler and Richard Rubin in Washington. Editors: Laurie Asseo, Don Frederick
To contact the reporters on this story: Julie Hirschfeld Davis in Washington at Jdavis159@bloomberg.net; Laura Litvan in Washington at bfaler@bloomberg.net
To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net
© Copyright 2011 Bloomberg News. All rights reserved.
Read more on Newsmax.com: Democrats Balk at Possible Debt Deal
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Thursday, July 21, 2011
USA Today Editorial page has this opposing view P8A
Under the USA Today editorial praising the 'Gang of Six' offers balanced approach to debt reduction, Jim Jordan gives an opposing view I very much agree with.
"If this bad deal sounds familiar, it should. In 1982 Congress and the president agreed to cut $3 of spending for every $1 of tax increases. The tax hikes were real but the spending cuts vanuished into thin air. The same thing happened again in the 1990 deal, and there is no reason to expect anything different this time."
Rep Jim Jordan R of Ohio is Chairman of the
Republican Study Committyee, which is devoted to advancing a conservative agenda in the house.
Go with the 'Gang of 234', not the dastardly 'Gang of 6'.
"If this bad deal sounds familiar, it should. In 1982 Congress and the president agreed to cut $3 of spending for every $1 of tax increases. The tax hikes were real but the spending cuts vanuished into thin air. The same thing happened again in the 1990 deal, and there is no reason to expect anything different this time."
Rep Jim Jordan R of Ohio is Chairman of the
Republican Study Committyee, which is devoted to advancing a conservative agenda in the house.
Go with the 'Gang of 234', not the dastardly 'Gang of 6'.
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