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Obama asks Congress for $1.2 trillion increase in nation’s borrowing limit
Washington Post ^

Posted on 01/12/2012 12:47:40 PM PST by sunmars

WASHINGTON — President Barack Obama is asking Congress for another $1.2 trillion increase in the nation’s debt limit.

The request is largely a formality. It’s the third and final request the president is allowed under a deal the White House and lawmakers reached in August to prevent a government default.

But Republicans are likely to use the election-year request as an opportunity to criticize the president’s spending policies.

Congress has 15 days to reject the president’s request. The White House says Obama would veto any objections in order to avoid a default.

Obama originally planned to make this request in late December. But with Congress on vacation until mid-January, lawmakers asked Obama to delay his request so they could vote on the matter when they return.

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


TOPICS: Breaking News; Business/Economy; Front Page News; Government; Politics/Elections
KEYWORDS: debtceiling; democrats; fraud; nobama2012; obama
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To: nagdt

“November cannot get here fast enough!!!”

I hear you, but things will change in November...how?


61 posted on 01/12/2012 3:54:26 PM PST by animal172 (Calling the Founding Fathers!! We need your help.)
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To: sunmars
"Obama asks Congress for $1.2 trillion increase in nation’s borrowing limit..."

Dresses ain't cheap.... beotches!!!!


62 posted on 01/12/2012 3:57:36 PM PST by avacado
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To: sunmars
The White House says Obama would veto any objections in order to avoid a default.

Which of course is another Obama lie. Default would only occur if interest payments are not met, which would easily be doable given FedGov's gigantic revenue stream.

Of course, it would also call for REAL spending cuts. Which we all know won't happen either under Zero or his RINO enablers.

63 posted on 01/12/2012 4:38:00 PM PST by Colonel_Flagg (Why, yes. I AM in a bad mood.)
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To: sunmars

Haven’t they deported this bozo yet?!?


64 posted on 01/12/2012 5:02:13 PM PST by Caipirabob ( Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: sunmars

No! Enough is enough. This clown thinks he has a credit card. We can not let him spend more of our money. Say No!


65 posted on 01/12/2012 5:05:10 PM PST by maxwellsmart_agent (I)
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To: rep-always

Him and his wife are stealing our money.


66 posted on 01/12/2012 5:07:34 PM PST by angcat (NEW YORK YANKEES!)
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To: angcat
Zer0's train wreck rolls on (as planned).

US Debt 1-8-12

Hope and Change.... Tragic.

Countdown until Zer0 leaves Office: 374 days as of January 12, 2012.

67 posted on 01/12/2012 5:13:11 PM PST by BobP (The piss-stream media - Never to be watched again in my house)
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To: sunmars

It will be funneled towards groups for his re-coronation campaign.


68 posted on 01/12/2012 6:01:38 PM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: avacado
Image and video hosting by TinyPic
69 posted on 01/12/2012 6:13:22 PM PST by VA40
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To: mortal19440

I was a drunken Sailor,but I spent my own money.

LOL


70 posted on 01/12/2012 7:15:17 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: Tzimisce

Obama pulls down his pants and urinates on you

Totally different, Obama is an America Hating scumbag. This is what is to be expected....although its funny the media doesn’t say anything is wrong about Odumbi pissing on US.


71 posted on 01/12/2012 7:18:56 PM PST by TomasUSMC ( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
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To: US Navy Vet

Boehner came out with some milque toast BS comment about Obama wasting money but you can believe he will make sure Barry gets his $1.2 trillion. No problemo.


72 posted on 01/12/2012 7:24:44 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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Comment #73 Removed by Moderator

To: sunmars; writer33

Republicans will criticize it and give him 1.199 trillion instead.


74 posted on 01/12/2012 8:25:33 PM PST by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL
Obama plans on using the money to "create" 20,000 small businesses he said in a press conference today,...LOL !!

it has nothing to do with the Cloward - Piven strategy that he studied in college, that is just wacko conspiracy theory !!!!

75 posted on 01/12/2012 10:47:23 PM PST by KTM rider ( with citizenship you get indentured servitude)
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To: sunmars

And Boehner will say, “Yessa Massir”.


76 posted on 01/12/2012 10:48:30 PM PST by dfwgator (Don't wake up in a roadside ditch. Get rid of Romney.)
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To: sunmars
"spending like a drunk sailor on shore leave with a pack of streetwalkers"

How dare you compare me and my sisters to 0pansy! It is so offensive on many levels....

1st: Being drunk means spending money, which pay wages for all the folks that make, transport, and sell the booze that gets me toasted. Sounds like capitalism to me.....

2nd: My sisters provide a much needed service to the county. They get the money from those filthy rich and then shop for new clothes, dine at restaurants, rent rooms, and watch a few movies. Again, sounds like capitalism to me.

3rd: Just having fun and pulling your chain.

0pansy must go in November, else, our Country will explode. This is what the dipStick said before the election, http://www.freerepublic.com/focus/f-news/2832169/posts

Regards, Reshawk.

77 posted on 01/13/2012 12:33:09 AM PST by redshawk (0pansy is a Liar)
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To: NTHockey

Sailors, drunken or not, have to earn their money


78 posted on 01/13/2012 3:04:57 AM PST by Moose Burger
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To: sunmars

Let’s say, you come home from work and find there has been a sewer backup in
your neighborhood.
Your home has sewage all the way up to your ceilings.
What do you think you should do? Raise the ceilings or pump out the shit?


79 posted on 01/13/2012 7:49:10 AM PST by sunny48
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To: Red Badger


Most Americans cannot fathom a Trillion, which is why more
outrage is spent on Billions and Millions.

1.5 Trillion sounds much less than 800-Billion. The politicians know this.


When I managed a club I used to ask waitresses which was more,
Ten Twenties or Twenty Tens. They always chose one or the other.

80 posted on 01/13/2012 8:22:08 AM PST by MaxMax
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