Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama would veto Republican budget bill (Obama wants to bankrupt this country)
wall street journal ^ | 7/18/2011 | By Robert Schroeder

Posted on 07/18/2011 3:31:39 PM PDT by tobyhill

WASHINGTON (MarketWatch) — President Barack Obama would veto a House Republican bill that requires Congress to add a balanced-budget amendment to the Constitution before raising the country’s debt limit, the White House said Monday, as action in the debt-ceiling debate moved to Capitol Hill.

The House GOP’s “Cut, Cap and Balance Act” “would undercut the government’s “ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future,” the White House said in a policy statement about the bill, which would also cut spending from the 2012 budget and cap future spending.

House Republicans are planning a Tuesday vote on the bill, which would raise the debt ceiling by $2.4 trillion and require matching spending cuts. The bill, one of several plans for raising the debt limit and cutting spending, is expected to fail in the Senate. Read a summary of the Cut, Cap and Balance Act.

The U.S. government is facing an Aug. 2 deadline for raising the debt ceiling, according to the Treasury Department, and Obama met over the weekend with House Speaker John Boehner and House Majority Leader Eric Cantor to discuss the debt limit.

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


TOPICS: Extended News; News/Current Events
KEYWORDS: fdr; greatsociety; slumlord
Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last
To: Dilbert San Diego
Obama as usual, is mis-reading the American people. Americans are in serious de-leverage mode, they have been sacrificing for the last 4 years.

The polls show that Americans want the fed govt to DE-LEVER now just as they are doing. It is not Americans who need to eat their peas (I prefer to call it the crap-sandwich) it is the fed govt that needs to eat the peas.

Here are some amazing stats on Americans and how they are saving now..

Apparently, when it comes to personal finances, Americans have been "eating their peas." Twice as many Americans are saving more money today than they did before the recession, according to a survey conducted by America's Research Group for CNBC.com.

Obama is refusing to cut spending, even at a moderate level. He is going to pay for this by losing the presidency.
21 posted on 07/18/2011 4:05:16 PM PDT by Fred (Palin/Bachmann 2012 OR Bachmann/Palin 2012......that is the ticket!!!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Fred

Really brave of him to make this declaration since the bill would never get outr of the Democrat led senate.

Think the MSM forgot to add that to the article.


22 posted on 07/18/2011 4:17:08 PM PDT by EQAndyBuzz (As long as the MSM covers for Obama, he will be above the law)
[ Post Reply | Private Reply | To 21 | View Replies]

To: RC2
About 24% of Americans that vote... love this guy and still believe he is the best president we have ever had... that everything is the fault of Bush and republicans... another 20% are just leftist rats and their evil subcultures.

LLS

23 posted on 07/18/2011 4:20:04 PM PDT by LibLieSlayer ("GIVE ME LIBERTY OR GIVE ME DEATH"! I choose LIBERTY and PALIN!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: NYCslicker

If the GOP had balls, they’d be able to get a 2/3 veto override...

(and such an override would hurt Obama a lot politically speaking)


24 posted on 07/18/2011 4:20:39 PM PDT by RockinRight (If we're "teabaggers" then they're "d-baggers.")
[ Post Reply | Private Reply | To 13 | View Replies]

To: radioone
“It is interesting to note that at no point does the President have a role in the formal amendment process (though he would be free to make his opinion known). He cannot veto an amendment proposal, nor a ratification. This point is clear in Article 5, and was reaffirmed by the Supreme Court in Hollingsworth v Virginia (3 US 378 [1798])...”

The above quote preempts the president from vetoing an amendment bill to require a balanced budget. I was wondering whether additional non amendment legislation contained within the bill could be separated from it and vetoed by the Marxist.

25 posted on 07/18/2011 4:26:27 PM PDT by Enough is ENOUGH (Fabian Globalism: Environmentalism halts production, forces population into dense controllable areas)
[ Post Reply | Private Reply | To 3 | View Replies]

To: RC2
"Since the American people know what this President is up to, why is he still President?"

You're kidding right? Most of the American people watch NBC, ABC, CBS, CNN, Jon Stewart Daily Show, etc. NBC, ABC, CBS news combined get about 22 million viewers each broadcast.

Do you know what they see on those channels and what they don't show on those channels?

26 posted on 07/18/2011 4:26:32 PM PDT by avacado
[ Post Reply | Private Reply | To 2 | View Replies]

To: tobyhill

The AnointedIdiot is pulling a Clinton in that Clinton vetoed the Gingrich/Repubs budget, waited for the public to blame the Repubs, where then the Repubs were forced to capitulate to Clinton. =.=


27 posted on 07/18/2011 4:34:20 PM PDT by cranked
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

What is wrong with Republicans? Just send the bill out of the house and let him veto it if it ever gets to his desk. I have never seen such a bunch of incompetent politicians in my life. Where is their fighting spirit?


28 posted on 07/18/2011 4:39:36 PM PDT by AdaGray
[ Post Reply | Private Reply | To 1 | View Replies]

To: RockinRight

“If the GOP had balls....”

.
GOP, balls? Oxymoron.

GOP, kneepads? Synonyms.


29 posted on 07/18/2011 4:42:08 PM PDT by 353FMG
[ Post Reply | Private Reply | To 24 | View Replies]

To: tobyhill
Duuuhhhhh...!

Photobucket

“CONGRESS? I DON’T NEED NO STINKIN’ WUSSIE CONGRESS! I GOT MY CZARS!! BWAHAHAHAHA…”

30 posted on 07/18/2011 4:51:22 PM PDT by Dick Bachert (The 2012 election is coming. Seems we have MORE TRASH TO REMOVE!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RC2

They elected him. The GOP failed to expose him. The GOP failed to kill Obamacare or any other big government agencies. So here we are babbling about the rate of Medicare and social security in 20 years. This is not what I signed up for.


31 posted on 07/18/2011 5:17:08 PM PDT by screaminsunshine (Socialism...Easier said than done.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: pieceofthepuzzle

We be de Big Hood?


32 posted on 07/18/2011 5:18:53 PM PDT by screaminsunshine (Socialism...Easier said than done.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: tobyhill

As I just posted elsewhere...


The Democrat-dominated Congress inherited the situation in 2007, and continued the domination of Congress for 4 years – the first 2 under a compliant Republican[1] president, and next 2 under a sympathetic Democrat. During that short time, and in contrast to promises to end deficit spending (by whatever means), the debt increased nearly 60%[2]. AFAIK, no substantive spending cuts have been passed by either chamber during this period. To the contrary, the only recurring & earnest deficit-reduction suggestion is “end the Bush tax cuts for the rich”; eliminating the deficit thru tax increase would require a 100% rate on all income over $200,000.
 
At some point the steaming bag on the desk is the current occupant’s responsibility.
Especially when a second one appears during the occupancy.
 
1 – issued 12 vetos, half of which were resolved or overridden, the rest were not significant economic differences.
2 – that’s a 60% increase in 4 years over what debt had accumulated in more than 2 centuries.


33 posted on 07/18/2011 5:21:42 PM PDT by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com/)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

Remember, Citizen:

nobama hates you, hates your family, hates Free America, hates Americans, hates the Constitution and hates the Bill of Rights. nobama is a hate crime foisted upon America. nobama is the Destrpoyer.

Everything nobama does is intentional. If only someone would bring him to justice.

God help us all.


34 posted on 07/18/2011 5:24:54 PM PDT by hal ogen (First Amendment or Reducation Camp?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tobyhill

If he vetoes it, send him a copy, which cut spending to 2007 levels, but is otherwise identical.

Repeat moving back a year each time he vetoes it or the Senate rejects it.


35 posted on 07/18/2011 5:37:55 PM PDT by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know. . .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Fred
Obama as usual, is mis-reading the American people. Americans are in serious de-leverage mode, they have been sacrificing for the last 4 years.

Correct. I think there are three (maybe more) reasons for this: 1) people are in a defensive mode and want to have plenty of cash on hand because they fear losing their jobs or an economic collapse, 2) this is a backlash against Obama. People are not spending because they don't want the economy to improve while Obama is still in office, and 3) people are starving the government beast because they know that's the only way the beast will retreat.

If a Republican is elected in 2012, the wallets will open, not only on the part of individuals, but also on the part of businesses.

36 posted on 07/18/2011 5:45:10 PM PDT by randita (All we are sayin' is give peas a chance...)
[ Post Reply | Private Reply | To 21 | View Replies]

To: tobyhill

Shop ‘till you drop, and then shop some more!


37 posted on 07/18/2011 5:55:55 PM PDT by broken_arrow1 (I regret that I have but one life to give for my country - Nathan Hale "Patriot")
[ Post Reply | Private Reply | To 1 | View Replies]


Thanks tobyhill.
38 posted on 07/18/2011 6:39:01 PM PDT by SunkenCiv (Yes, as a matter of fact, it is that time again -- https://secure.freerepublic.com/donate/)
[ Post Reply | Private Reply | View Replies]

To: tobyhill
Pass the bill. He could be bluffing, if history is any clue. (Don't call my bluff)
39 posted on 07/18/2011 6:43:41 PM PDT by justa-hairyape
[ Post Reply | Private Reply | To 1 | View Replies]

To: RockinRight

?

Maybe, but we shouldn’t even be going there.

Congress has the duty and the responsibility to restrain spending.

If democrats want to prevent a deal by trying to force Congress to spend more than it should, then no deal, and the U.S. defaults. That simple. Take a stand right here.


40 posted on 07/18/2011 7:47:37 PM PDT by NYCslicker
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-42 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson