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Obama has given up seeking a solution to America's financial woes
telegraph.co.uk ^

Posted on 03/01/2014 11:05:44 AM PST by Sub-Driver

Obama has given up seeking a solution to America's financial woes

American Way: After nearly six years of back-and-forth with Republicans over America's finances, Barack Obama has signaled that a deal is now beyond his grasp

John Avlon

5:25PM GMT 01 Mar 2014

Without a bang or a whimper, all hopes of striking a so-called "Grand Bargain" to put America's public finances on a sustainable track died a quiet death this week.

And because cynicism passes for wisdom in Washington, the passing was little lamented. But its death is a loss to the cause of putting America's house in order, and all-but-officially marks the moment the Obama administration gave up trying to bridge the political divide on this most fundamental issue.

The death notice itself was printed in the pages of the Obama budget, which quietly rescinded the offer of long-term healthcare and pensions reform by withdrawing the offer of what Capitol Hill policy-wonks call "Chain-weighted CPI" from their budget blueprint.

A contentious but courageous plan, it essentially moved to link social security payments to the rate of inflation, slowing the rate of growth slightly and ultimately saving billions in a society with an aging population.

On the left, Liberals and the big unions howled in protest, but it was a substantive outreach to Republicans by Mr Obama after his 2012 re-election and it could have formed the basis of that "grand bargain" to deal with America's $17 trillion debt mountain.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Miscellaneous; Politics/Elections
KEYWORDS: obama; obamabudget; obamadebt; obamaeconomy
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So I guess he'll go on vacation then?
1 posted on 03/01/2014 11:05:44 AM PST by Sub-Driver
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To: Sub-Driver

When did Obama start ?


2 posted on 03/01/2014 11:06:44 AM PST by molson209 (Hillary Clinton)
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To: Sub-Driver

That’s because his ouster is the solution.


3 posted on 03/01/2014 11:07:22 AM PST by PapaNew
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To: Sub-Driver
Obama is emblematic of why most of Eric Holder's people are poor... they spend every cent they can get their hands on, and more.

No more complicated than that.

4 posted on 03/01/2014 11:07:38 AM PST by E. Pluribus Unum (If Barack Hussein Obama entertains a thought that he does not verbalize, is it still a lie?)
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To: Sub-Driver

Getting rid of Obama and leftists IS the solution to our financial woes


5 posted on 03/01/2014 11:08:29 AM PST by GeronL (Vote for Conservatives not for Republicans!)
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To: Sub-Driver

I’d say the author drastically misunderstands what has been going on.


6 posted on 03/01/2014 11:09:47 AM PST by ClearCase_guy
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To: Sub-Driver

To say the Clown "gave up" implies that he EVEN BEGAN to look for a solution.

He never STARTED to solve the problem, so how can he "give up"?

7 posted on 03/01/2014 11:09:56 AM PST by SoFloFreeper
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To: Sub-Driver

The writer is high on lefty koolaid.


8 posted on 03/01/2014 11:10:30 AM PST by VRWC For Truth (Roberts has perverted the Constitution)
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To: Sub-Driver

“Chain-weighted CPI” is out? Good. It was introduced as a way to screw people dependent on COLAs to keep their Social Security and pensions up with inflation.

If Congress is going to cut those benefits, then cut them. Don’t employee sneaky tactics like Chain Weighting.


9 posted on 03/01/2014 11:10:42 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Sub-Driver

Cloward-Piven working now on autopilot.


10 posted on 03/01/2014 11:10:56 AM PST by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: Sub-Driver

The best thing the government can do for the economy is to get out of its way.


11 posted on 03/01/2014 11:11:25 AM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both.)
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To: GeronL

I disagree.

The reason Obama is currently president, is that the GOP is no better.

Both parties are all for sending American jobs to Asia.

America is now 17.25 trillion dollars in debt, and that is rapidly growing.

We need to bring back jobs, to America.

That means you too GOP. Stop sending American jobs abroad.

Bring them back.


12 posted on 03/01/2014 11:11:53 AM PST by Cringing Negativism Network ( http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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To: Sub-Driver

Obastard’s “giving up” means we may have a chance to get things under control, after all, if it were true.

But I think this is just another Obastard lie. Nothing is going to change.


13 posted on 03/01/2014 11:12:52 AM PST by Cyber Liberty (H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
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To: Cringing Negativism Network

I agree that is the answer, but if I were a multinational company, why would I bring jobs back?


14 posted on 03/01/2014 11:12:59 AM PST by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Sub-Driver

“Obama has given up seeking a solution to America’s financial woes “

This tells me that someone has the mistaken idea that The Stain ever had a thought to “solving our financial woes”.

I would submit that this country is dealing with the results of what The Stain had in mind from the very beginning. I further submit that he will double down on his efforts as more time passes.

Who’s prepared to do anything to stop him and his outrageous agenda? Congress? I kind of fu*king doubt it.


15 posted on 03/01/2014 11:13:14 AM PST by Howie66 (John Wayne McCornyn...he's just like US! Honest!)
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To: Sub-Driver

Thank you President shuck and jive. Loser


16 posted on 03/01/2014 11:15:24 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Sub-Driver

Nothing that MADE IN USA won’t cure and that won’t happen as long as Wall Street is contributing to both parties.


17 posted on 03/01/2014 11:15:32 AM PST by ex-snook (God is Love)
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To: SoFloFreeper

“..To say the Clown “gave up” implies that he EVEN BEGAN to look for a solution.”

:::::::::

Exactly. HE, and his ilk, are the problem with our economy. Since first elected, he has been destroying our economy, by design.


18 posted on 03/01/2014 11:15:46 AM PST by EagleUSA
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To: E. Pluribus Unum
Obama is emblematic of why most of Eric Holder's people are poor... they spend every cent they can get their hands on, and more.

Actually nobama and moochelle spend every penny of ours they can get their hands on, and more. Do you really think they would have all these parties, vacations, etc., if they had to pay for it?

19 posted on 03/01/2014 11:16:12 AM PST by Mastador1 (I'll take a bad dog over a good politician any day!)
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To: Sub-Driver

——but it was a substantive outreach to Republicans by Mr Obama after his 2012 re-election -—

Funny, but all the obama outreaches to republicans seem to start with bend over and grab your ankles....

The word compromise does not exist in Obama’s leftist lexicon ...


20 posted on 03/01/2014 11:16:19 AM PST by Popman ("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
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