Posted on 12/30/2011 3:27:04 PM PST by mdittmar
The Obama administration delayed asking Congress to raise the U.S. debt ceiling by $1.2 trillion after congressional leaders objected to the time frame.
The White House said the delay won't affect the nation's creditworthiness, The Washington Post reported.
Under the request the administration originally planned to submit Friday, Congress would have had 15 days to disapprove the request or else the debt ceiling automatically would have been raised from $15.2 trillion to $16.4 trillion.
Congressional leaders, however, objected to the timeline, saying it would have been difficult for lawmakers to vote on the measure. The House doesn't return until Jan. 17 and the Senate is gone until Jan. 23.
White House deputy press secretary Josh Earnest said Obama will delay his request by a few days.
The Treasury Department said Friday it expects the United States to come within $100 billion of its debt limit; however, an administration official said accounting measures would keep the nation solvent until the debt limit is increased.
Let's do it for the children.
Obama sees the ...
...handwriting on the wall:
You CANNOT do this without cutting spending!!!!!!!!!!!!!!!!!
the Congressrats just want a longer vacation. it’s not like they’ll tell him “no” any way.
The Senate hasn’t passed a budget in about 2 years so how do we even know this is necessary?
SPENDING CUTS!!!
Nothing matters. It is all Kabuki theater. Obama can veto any GOP vote so it doesn’t matter at all who votes or when. The debt ceiling is going to $16.4 trillion as the GOP agreed to when they gave Obama the veto over their vote. This is all nonsense. Raise it to $16.4 trillion and get it over with. Then we can watch the GOP surrender to Obama all over again in May or June and raise the limit to $18 trillion.
That is THE quote of the year! LOUD APPLAUSE
This President and Congress are chickenshits.I say we get it over with,let's raise it to $500 trillion!
Hairy Reid on raising the debt ceiling on 2006:
http://www.youtube.com/watch?v=ELkbDdPeL7I
“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.
How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?”
Eight Hundred Days Without A Budget-A new milestone in Democrat Party governance is reached.
human events ^ | 7-8-11 | John Hayward
http://www.freerepublic.com/focus/f-news/2753546/posts
Give it to them, after all they have earned it. /MS
“”The Senate hasn’t passed a budget in about 2 years so how do we even know this is necessary?””
Great question. What are they even operating on?
Hairy Reid on raising the debt ceiling on 2006:
http://www.youtube.com/watch?v=ELkbDdPeL7I
“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.
How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes. That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors?”
This needs to be sent to Harry’s inbox by all of us!!!!
“”This needs to be sent to Harry’s inbox by all of us!!!!””
Done - painless. No stupid statements about not living in his state!
Come on - Bury him!
That’s wishful thinking. He’ll request it at a time when he thinks he can score the most political points between now and next November, probably the 59th minute of the 11th hour. One thing he isn’t going to do is agree to cut spending unless the cuts are for programs that chiefly of interest to Republicans.
950+ days since a BUDGET has been passed....HELLO!!!? =.=
Okey Doke..help me out here. I must be having a blonde moment.
The last debt ceiling increase created the Super Committe. Not only were they unconstitutional..they couldn’t agree on anything. (A testament to our guys, imho)
So now there is a new debt ceiling increase????
I think we are playing rope-a-dope?
Fixed it (unfortunately).
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