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Obama and the Debt Crisis
Wall Street Journal ^ | 6/3/2001 | Peggy Noonal

Posted on 06/06/2011 8:20:54 AM PDT by CitizenM

The debate in Washington is serious as a heart attack: whether the United States should raise its debt ceiling so it can borrow more money to stay afloat. The statutory ceiling on our national debt—our legal borrowing limit—is $14.3 trillion. That limit was reached, according to the Treasury Department, on May 16.

---snip---

Congressional Republicans have made their stand clear: They will agree to raise the limit only if it is accompanied by spending cuts or reforms.

The Democrats want to raise the ceiling, period.

---snip---

Something is needed to shock the system.

---snip---

Talks on the debt ceiling will no doubt continue, but there is an Obama problem there, and it's always gotten in the way. He really dislikes the other side, and can't fake it. This is peculiar in a politician, the not faking it. But he doesn't bother to show warmth and high regard. And so appeals to patriotism—"Come on guys, we have to save this thing"—ring hollow from him. In this he is the un-Clinton. Bill Clinton understood why conservatives think what they think because he was raised in the South. He was surrounded by them, and he wasn't by nature an ideologue. ... and as a political practitioner he had a certain sympathy for the predicaments of his fellow pols.

---snip---

Barack Obama is different, not a political practitioner, really, but something else, and not a warm-blooded animal but a cool, chill character, a fish who sits deep in the tank and stares, stilly, at the other fish.

----snip----

Four words: He made it worse.

Obama inherited financial collapse, deficits and debt. He inherited a broken political culture. These things weren't his fault. But through his decisions, he made them all worse.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: debt; economy; obama
If this was posted, I apologize. I searched the title and key words and did not find it.
1 posted on 06/06/2011 8:20:56 AM PDT by CitizenM
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To: CitizenM

So, why’dya SHILL for him non-stop, Peggy? McCain and Palin offered all the right and sensible solutions going into the election ...but somehow Palin wasn’t the right kind of woman for you.

What a complete and utter DOLT.


2 posted on 06/06/2011 8:27:20 AM PDT by LibsRJerks
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To: CitizenM

More buyer’s remorse from Peggy. When posting her screed, you should always include a barf warning. The woman is nauseating asnd shameless.


3 posted on 06/06/2011 8:30:51 AM PDT by kabar
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To: kabar

You get what you pay for.


4 posted on 06/06/2011 9:16:28 AM PDT by EQAndyBuzz (Sarah Palin - SheÂ’s living rent-free inside the MSMÂ’s heads. Credited to Lurk)
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To: CitizenM

5 posted on 06/06/2011 9:19:10 AM PDT by Uncle Miltie (0bamas PLAN is national bankruptcy. Our plan is to save Medicare and Social Security with reforms.)
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To: LibsRJerks

Lil’ Peg quit creaming her panties for 0bummer about 9 months ago.


6 posted on 06/06/2011 9:20:38 AM PDT by Uncle Miltie (0bamas PLAN is national bankruptcy. Our plan is to save Medicare and Social Security with reforms.)
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To: CitizenM
It's not a question of raising the "debt ceiling."

It's the question of digging the "debt hole" deeper.

7 posted on 06/06/2011 9:26:25 AM PDT by N. Theknow (The MSM is to 0bama what the Broom-n-Scoop Detail is to a circus parade.)
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To: kabar
More buyer’s remorse from Peggy. When posting her screed, you should always include a barf warning. The woman is nauseating and shameless.

These qualities make her a perfect fit for Morning Joe.

8 posted on 06/06/2011 9:30:00 AM PDT by Night Hides Not (If Dick Cheney = Darth Vader, then Joe Biden = Dark Helmet)
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