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Live Thread: Obamageddon Press Conference 11 A.M. EDT (and GOP morning presser)
Friday, July 14, 2011 | Kristinn

Posted on 07/15/2011 7:28:37 AM PDT by kristinn

Obama and GOP to hold dueling press conferences this morning on the pending Obamageddon. The Republicans are set to speak to the press sometime this morning after a closed door caucus meeting featuring a doomsday briefing on debt default.

Obama is set to speak at 11 a.m. EDT.


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: enemiessez0bama
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1 posted on 07/15/2011 7:28:39 AM PDT by kristinn
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To: All
GOP presser just starting. Jeb Henserling demanding Obama produce a plan.

Boehner up next. No tax hikes, real spending cuts that exceed increase in debt ceiling. Says time for Democrats to get serious.

2 posted on 07/15/2011 7:31:12 AM PDT by kristinn (Lowering the IQ on FR since Jul 31, 1998)
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To: All
Priorities.


3 posted on 07/15/2011 7:33:03 AM PDT by kristinn (Lowering the IQ on FR since Jul 31, 1998)
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To: kristinn

bmfl


4 posted on 07/15/2011 7:35:34 AM PDT by camerongood210
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To: kristinn
"ERIC! DON'T CALL MY BLUFF! 'cuase if you do,
this is how much I'm going to pay on Social Security!"


5 posted on 07/15/2011 7:38:06 AM PDT by The Bronze Titan
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To: All
Cantor says GOP will produce bill next week.

Kevin McCarthy up next invites Democrats to join in passing GOP bill next week.

Cathy McMorris Rodgers speaks next. Promotes GOP 'cut, cap and balance' plan.

Fox chyron didn't name the last speaker who said GOP will produce a plan to address short-term , mid-term and long-term issues.

Boehner up again now. Fox goes to commercial, other cables nets not covering at all.

6 posted on 07/15/2011 7:38:28 AM PDT by kristinn (Lowering the IQ on FR since Jul 31, 1998)
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To: kristinn

Air Force One needs to be grounded especially for a birthday gala/fundraising trip to Chicago on 8-4 if Obama lets the USA Default.


7 posted on 07/15/2011 7:41:27 AM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: kristinn
Regarding O's threat to not send out Social Security checks on Aug 3 if the debt ceiling is not raised, a poster at Belmont Club blog had a great observation:
By LAW Social Security is on automatic pilot.

It has its own SEPARATE funding source: FICA tax. This revenue is specifically directed to the Entitled retirees. At this time receipts are exceeding expenditures.

All of which means that the Resident has NO statutory authority to stop the flow of funds — almost all of which are dispatched electronically.

The trust fund is in a paper-work lock-box.

The way it works is: excess FICA taxes are used exclusively to purchase T-bonds — at auction — at the same price and terms as the open market — exactly when the open market auction occurs.

Thusly, excess FICA taxes make their way into the General Fund. They don’t just go there in a straight line.

Should, for any reason, the Trust Fund need to redeem it’s position ( roll off its T-bonds ) it can sell them in the open market or present them for payment. Should the Resident NOT pay — it would be a clear cut DEFAULT by the US Treasury, no ifs ands or buts.

IT IS IMPOSSIBLE for the Wan to stop Social Security checks.

That he threatens such is a straight up indication of his impulse to despotism.


8 posted on 07/15/2011 7:42:06 AM PDT by PapaBear3625 (When youÂ’ve only heard lies your entire life, the truth sounds insane.)
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To: PapaBear3625

Why did the media stop covering the event


9 posted on 07/15/2011 7:45:45 AM PDT by silentknight
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To: kristinn

Bowbama, what a dick!


10 posted on 07/15/2011 7:47:56 AM PDT by Road Warrior ‘04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: silentknight

The White House “requested” that the live coverage be stopped until after he speaks.


11 posted on 07/15/2011 7:50:57 AM PDT by EBH ( Whether you eat your bread or see it vanish into a looter's stomach, is an absolute.)
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To: EBH

Sarcasm?


12 posted on 07/15/2011 7:51:57 AM PDT by Road Warrior ‘04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: kristinn

Oooooooooo the Oblidiot speaks! Better check the batteries in the teleprompter and his little earpiece!


13 posted on 07/15/2011 7:52:29 AM PDT by Danae (Anailnathrach ortha bhais beatha do cheal deanaimha)
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To: kristinn

Missed what little coverage there was. Any on Pelosi’s supposed appearance at 10? Or is she pulling her hair out now? Can’t beleiwve the networks, including Fox, cut it.

But I still think it will have the intended effect upon 0bama’s presser at 11...how does he respond? I don’t see a downside here.


14 posted on 07/15/2011 7:53:02 AM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: kristinn

Too early for the drinking game?

Well, yeah. Thanks for taking one for team, Kristinn. I won’t watch, as I can’t afford a new TV. Besides, I could have more fun cutting my grass with nailclippers. ;>


15 posted on 07/15/2011 7:55:30 AM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: kristinn
OBAMAGEDDON Love it!!!!!
16 posted on 07/15/2011 7:56:34 AM PDT by Marty62 (Marty60)
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To: kristinn

Surprise, surprise! PMSNBC is covering the dems presser.


17 posted on 07/15/2011 7:59:04 AM PDT by Road Warrior ‘04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: kristinn

Again?!?!

Geez, not one day goes by....


18 posted on 07/15/2011 8:00:07 AM PDT by ozarkgirl
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To: All; kristinn
According to Mike Pence (R-IN) on the Laura Ingraham, the House will pass next Wednesday a bill that cuts $112 billion this year, caps spending, and only raises the debt ceiling contingent on a balanced budget amendment passing and being sent to the states.

Rep. Jason Chaffetz is the House author. DeMint is carrying the water in the Senate.

Pence is telling people to HAMMER their representatives and senators.

19 posted on 07/15/2011 8:03:41 AM PDT by newzjunkey
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To: kristinn

T minus ten, and counting....


20 posted on 07/15/2011 8:06:17 AM PDT by HKMk23 (YHVH NEVER PLAYS DEFENSE! WHICH MEANS; IF YOU'RE ON DEFENSE, YOU'RE DOING SOMETHING WRONG.)
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