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Obama: I won’t negotiate over raising US borrowing cap
AP via CNBC ^ | 10/02/2015

Posted on 10/02/2015 1:52:45 PM PDT by Olog-hai

President Barack Obama says he won’t give Republicans controlling Congress concessions on must-pass legislation to increase the government’s borrowing cap.

Lifting the so-called debt limit is required to forestall a market-quaking, first-ever default on U.S. obligations like interest payments and government pension benefits. …

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Government
KEYWORDS: biggovernment; borrowandspend; obama; powerofthepurse
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To: Olog-hai

Yes, mister dictator, you just keep telling us what you won’t do.....wadda leader....


21 posted on 10/02/2015 2:04:31 PM PDT by G Larry (Vote Hillary! Pro-Abortion Socialist)
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To: Olog-hai

Still needs saying. People out there still don’t get it.


22 posted on 10/02/2015 2:07:23 PM PDT by Norm Lenhart
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To: phormer phrog phlyer

Well, when you have useful idiots in the “opposition” wouldn’t you demand your way?


23 posted on 10/02/2015 2:10:14 PM PDT by Fledermaus (To hell with the Republican Party. I'm done with them. If I want a Lib Dem I'd vote for one.)
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To: econjack

Shut down AF1 and the Rainbow Mosque kitchen.


24 posted on 10/02/2015 2:12:19 PM PDT by Paladin2 (my non desktop devices are no longer allowed to try to fix speling and punctuation, or my grandma.)
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To: Norm Lenhart

Yeah. There’s still FReepers running around trashing people for not supporting Romney.


25 posted on 10/02/2015 2:17:25 PM PDT by Crazieman (Article V or National Divorce. The only solutions now.)
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To: Olog-hai

HERE’S AN IDEA........STOP SPENDING SO MUCH MONEY!!!


26 posted on 10/02/2015 2:17:47 PM PDT by originalbuckeye ("In a time of universal deceit, telling the truth is a revolutionary act." - George Orwell)
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To: Olog-hai

Anybody else remember, that some liberals have said Obama can ignore the debt ceiling based in the 14th amendment? That amendment has language to the effect that the public debt shall be honored and paid. So based on that, some had suggested Obama doesn’t need congress to do anything.

Just waiting to see if this subject comes up again as we face this deadline coming up. Obama likes to operate based in executive orders and if the GOP is spineless,obama will take unilateral action.


27 posted on 10/02/2015 2:17:48 PM PDT by Dilbert San Diego
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To: Olog-hai

“I told you before: S.H.I.E.L.D. does not negotiate.”

S.H.I.E.L.D. (Hydra) Agent Jasper Sitwell.


28 posted on 10/02/2015 2:21:38 PM PDT by LaRueLaDue
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To: Crazieman

Yes and they appear to be non-conductive in addition to being non-conservative and non intelligent. A statistical and scientific miracle!


29 posted on 10/02/2015 2:26:25 PM PDT by Norm Lenhart
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To: Dilbert San Diego

Seems to me like all this debt is a violation of that amendment’s “assume … any debt or obligation incurred in aid of insurrection or rebellion against the United States” clause in Section 4 of same.


30 posted on 10/02/2015 2:26:45 PM PDT by Olog-hai
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To: Olog-hai

That wasn’t even necessary. Boner and McConnell have been waving the white flag pre-emptively for weeks. I guess Obama just wanted to show off a little before they give him eveything he wants.


31 posted on 10/02/2015 2:32:30 PM PDT by Will88
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To: Olog-hai

32 posted on 10/02/2015 2:34:08 PM PDT by SteveinSATX
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To: Olog-hai

He doesn’t need to. The Republicans are a bunch of spineless wussies.


33 posted on 10/02/2015 2:38:46 PM PDT by Baldwin77 (Christians want their RAINBOW back. I'm offended the gays use a Biblical icon as their flag.)
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To: Olog-hai
Uh-Oh. He won't negotiate? It looks like he'll get handed everything by his GOP pals in Congress. The Democrats don't even have to bother showing up. All Pelosi and Reid need to do is tell Boner and McConnell just what they want, how much, and when and the GOP will deliver it.

We can't have a government "shutdown", you know. People might get mad and not vote for Republicans. Or at least their donors won't shovel them money any more. They obviously could care less about the voters.

They are killing the country while riding out of town on the gravy train when they should be riding out of town on a rail.

34 posted on 10/02/2015 2:45:34 PM PDT by Gritty (The question is not will Muslim migrants kill Americans but how many will they kill?-D.Greenfield)
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To: Olog-hai

So let him shut it down!!! (Stupid Republican MAJORITY !!!)


35 posted on 10/02/2015 2:45:50 PM PDT by ThePatriotsFlag ( Anything FREELY-GIVEN by the government was TAKEN from someone else)
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To: Olog-hai

It NEVER ceases to amaze me how few people, in the U.S., understand why this is ALWAYS a charade!! The Debt Ceiling has to ALWAYS be raised, regardless of who’s in power, because the U.S. Gov’t is BROKE!! It is the ONLY way to “repay” just the “interest” from previous DEBT! This is a two party (card) monty between the Dems and Repubs! Both sides know it. The Banksters Cartel (which OWNS the Fed Reserve) obligates ALL politicians to ALWAYS raise the debt....otherwise the interest alone (forget about ever paying the principle off) from the previous debt CAN NOT be paid! There isn’t enough tax revenues to cover that plus everything else! The Fed Reserve (and their Banksters Masters) hate it when “politicians” from either party play around with not raising the Debt ceiling! It’s like telling your kids to stop messing around when everyone knows it’s going to be RAISED! This is why the Republican party is a FRAUD (The Dems have long gone Socialist/ Marxist so you’d expect them to borrow FOREVER)! If they (Rep) were REALLY serious on the “Debt Ceiling” they would Audit the Fed to expose the Banking Cartels’ power over our Government and currency!!!


36 posted on 10/02/2015 2:48:56 PM PDT by freddy005
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To: Olog-hai

One thing Alinskyites are good at is brinksmanship. Being perfectly willing to have the world go up in flames gives you a hole card that the other side can’t match.


37 posted on 10/02/2015 2:50:29 PM PDT by Paine in the Neck (Socialism consumes EVERYTHING)
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To: Olog-hai
President Barack Obama Majority Leader McConnell and Speaker Boehner say they won’t give Republicans controlling Congress concessions on must-pass legislation to increase the government’s borrowing cap.
38 posted on 10/02/2015 3:01:56 PM PDT by Kaosinla (The More the Plans Fail. The More the Planners Plan.)
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To: Olog-hai

Just print up a dozen of these trillion dollar platinum coins for Obama...

That will fix everything...


39 posted on 10/02/2015 3:04:02 PM PDT by Popman (Christ alone: My Cornerstone...)
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To: Olog-hai

How about the $7 trillion in agency debt?


40 posted on 10/02/2015 3:05:02 PM PDT by <1/1,000,000th%
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