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Obama Fears 'Catastrophic' Debt Fight
Yahoo ^ | 01/05/12 | Mary Bruce

Posted on 01/05/2013 12:57:40 PM PST by AtlasStalled

In his first weekly address of the New Year, President Obama touts the "fiscal cliff" compromise as "one more step in the broader effort to grow our economy and shrink our deficits" but warns that another "manufactured crisis" over the debt ceiling could wreak havoc on the economy.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government; News/Current Events
KEYWORDS: fiscalcliffdeal; obamadebt; uscrisis; usdebt
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To: St_Thomas_Aquinas

“It depends what the meaning of is, is.”

Haha . . . I forgot about Slick Willy’s famous word parsing!


21 posted on 01/05/2013 1:40:41 PM PST by AtlasStalled
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To: AtlasStalled

Just for giggles, the House should submit a budget with zero funding for the Office of the President.


22 posted on 01/05/2013 2:04:37 PM PST by Army Air Corps (Four Fried Chickens and a Coke)
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To: AtlasStalled

Give this homo the hook


23 posted on 01/05/2013 2:09:52 PM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: Tublecane
"Not BS. I honestly believe the possibility of spending cuts seems catastrophic to Obama."

He probably believes that the only difference between liberals and conservatives is where they want to waste/spend taxpayer money. "George Bush spent lots of money on the military, therefore all conservatives must want to spend lots of money on the military." The flaw in this logic is that George Bush wasn't too much of a conservative -- although he might appear conservative from Zero's ultra-left perspective.

I think conservatives have enormous leverage. I remain frankly amazed that Zero didn't hold out for linking the sequester and the debt ceiling to the tax cuts as he promised.

24 posted on 01/05/2013 2:13:15 PM PST by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: AtlasStalled

Obama: “one more step in the broader effort to grow our economy and shrink our deficits”

So, increasing taxes will “grow our economy”? Yeah, that’s how to grow an economy, let’s just tax the producers, force them to pay higher premiums for health care for their workforce (or pay a hefty fine) and just watch that economy grow! We know that they (the producers) will simply “eat” it and not try to pass the increased costs onto the consumers or reduce their overhead (like labor costs), right?

And we all know that any increase in revenues will not result in any new spending, but will of course be applied to the deficit or reduce the debt burden, right?

sarc/off

The sad (and infuriating) part is that a slight majority of the US population actually agrees with this nonsense.


25 posted on 01/05/2013 2:47:14 PM PST by Let_It_Be_So (Once you see the Truth, you cannot "unsee" it, no matter how hard you may try.)
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To: AtlasStalled

Whatever happened to “Pay as you go”? Isn’t that current law?

OBAMA, February 12, 2010:
“Now in a perfect world, Congress would not have needed a law to act responsibly, to remember that every dollar spent would come from taxpayers today – or our children tomorrow.

But this isn’t a perfect world. This is Washington...

...That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

http://hotair.com/archives/2010/07/18/remember-that-pay-as-you-go-law-the-president-wanted-neither-does-he/


26 posted on 01/05/2013 2:48:35 PM PST by Deo volente (God willing, America shall survive this Obamanation.)
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To: AtlasStalled

This “manufactured” crisis will be created by Marxists, Inc.

I guess nobama’s too stupid to figure out that if he quit spending like a complete idiot this problem would solve itself.

Oh, that’s right, I forgot, he can’t quit spending. If he does, the country might right itself and no self-respecting Marxist dicktator in waiting can abide that.


27 posted on 01/05/2013 2:59:30 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: upchuck

nobama fears being brought to justice.


28 posted on 01/05/2013 3:39:05 PM PST by ogen hal (First amendment or reeducation camp?)
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To: AtlasStalled

Obama doesn’t fear anything—he just writes an executive order which will be seconded by scotus.


29 posted on 01/05/2013 4:00:49 PM PST by freeangel ( (free speech is only good until someone else doesn't like it)
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To: Dilbert San Diego
Some liberals are issuing talking points that the president can use the 14th amendment to ignore the debt ceiling and keep on spending.

Other than for bills that have to be paid, the Constitution still requires the Congress to get involved. Even twisting the 14th won't do what he really wants unless he wants to go "all-in" on becoming a Despot.

30 posted on 01/06/2013 2:41:51 AM PST by trebb (Allies no longer trust us. Enemies no longer fear us.)
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