Posted on 07/16/2011 2:56:08 PM PDT by Baladas
WASHINGTON (Reuters) - President Barack Obama and congressional leaders pressed ahead with private talks on deficit reduction on Saturday, seeking an as-yet elusive way to lift the debt ceiling and avoid a U.S. default next month.
Congress must raise the $14.3 trillion limit on U.S. borrowing by August 2 or the government will run out of money to pay its bills, causing turmoil in global financial markets and potentially forcing the United States into another recession.
Republicans want a deficit-cutting deal in order to raise the debt limit, but they disagree with Democrats on how to do it. The White House wants some tax increases on wealthier Americans to be part of a package; Republicans reject that.
But prospects for a deal anytime soon appear unlikely, as the House and Senate were expected to spend much of next week debating budget-related measures that have little chance of becoming law.
On Thursday evening Obama gave lawmakers a Saturday deadline to come up with a plan to go forward and suggested he could call for further talks over the weekend if needed.
No new talks were scheduled, however, according to Republican and Democratic aides.
(Excerpt) Read more at reuters.com ...
Why is Caligula Xerexes Elagabalus even involved at this point? The GOP catamite caucus were receptive to this?
House function. Just do it and send it to the Senate.
If it fails in the Senate or is vetoed, send a harsher one.
Oh, first get rid of the catamites in the “leadership”.
No kidding. Why have they waited. Just damn.
If they'd done it long ago they'd be in a better spot. Like I said, just damn.
THIS time will be different, THIS time the Rats will keep their word, THIS time the Rats really want to save America, THIS time they won't go straight to a Marxist judge, THIS time they won't ask for endless recounts. THIS time...........
'We need to borrow more...to pay on the debt we incurred.'---does that sound right to you FReepers?
Congress must raise the $14.3 trillion limit on U.S. borrowing by August 2 or the government will run out of money to pay its bills
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
THIS IS A LIE.
The US government will not have enough money to fund the litamy of Obamas social programs and foreign aid to Muslim countries, his redistribution of wealth schemes which must be stopped any way we can.
The US government has monthly revenues of about 200 billion per month. Of that 30 billion per month goes to debt service. That leaves 170 billion per month to meet mandatory payments and prograns, which is plenty of money.
THERE IS NO CRISIS, IT IS CREATED
Obama wants revenues of over 300 billion dollars a month so he can fund his socialist utopia, mostly borrowed from the sale of T Bills, he cannot get it from a recessionary economy with a slow tax base.( But he wants to raise taxes, in case the economy starts a recovery, so he can slam it down again!)
WE SAY NO!!!!
And ITS TIME FOR MCCONNELL AND BOEHNER TO SAY NO NO NO NO!
“Congress must raise the $14.3 trillion limit on U.S. borrowing by August 2 or the government will run out of money to pay its bills...”
Bull Puckey! The government receives funds EVERY DAY. And, they own the damn printing presses, and the book entries that create money out of the philosophers’ ether.
“Congress must raise the $14.3 trillion limit on U.S. borrowing by August 2 or the government will run out of money to pay its bills”
Reuters lies.
Lying African Punk,nothing will happen;reason ,the revenue still exceeds the expenses.
You made me look up Caligula Xerexes Elagabalus and catamites.
That’s what I like about FR: One learns something new every day.
Well, I misspelled ‘Xerxes’. The actual Xerxes was not too bad, as decadent eastern despots go, but what I had in mind was this one*
http://www.youtube.com/watch?v=EXSLqMlMoZg&feature=related
who puts me in mind of the whole synthetic “Lightworker, The One, Citizen of the World” construct of leftist mental masturbation fantasies.
*Not worth the whole ten minutes, but the opening scene gets the whole message across.
Lightworker?!!#$?
You have me trumped. At first I thought the word might be Shakespearian, then I thought “Nope,” it’s gotta be some Star Wars episode or maybe a scene from “Plan 9 From Outer Space.” Lightworker sure doesn’t look Roman, so Caligula or Xerxes doesn’t fit.
Now that you’ve tied me in knots, kindly undo the rope and explain yourself.
bflr.
You asked for it. I will deliver it.
Put on your HAZMAT suit, but first be warned that you will also be projectile vomiting -inside- your suit!
From June 6, 2008, this three page article:
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