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Obama: Not Allowing Gov’t to Borrow More “Would Amount to a New Tax”
Cybercast News Service ^
| October 14, 2013 - 7:45 AM
| Susan Jones
Posted on 10/14/2013 12:48:15 PM PDT by Olog-hai
President Barack Obama used his Saturday radio address to press for an end to this Republican shutdown and for an increase in the debt limit.
It wouldnt be wise, he said, to just kick the debt-ceiling can down the road for a couple months, and flirt with a first-ever intentional default right in the middle of the holiday shopping season. Because damage to Americas sterling credit rating wouldnt just cause global markets to go haywire; it would become more expensive for everyone in America to borrow money. Students paying for college. Newlyweds buying a home. It would amount to a new taxa Republican default taxon every family and business in America.
(Excerpt) Read more at cnsnews.com ...
TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: debtceiling; fiscalcliff; obama; taxes
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The Bible says that everyone is accountable for every idle wordespecially lies. I do not recall the same thing being written in the Koran though . . .
1
posted on
10/14/2013 12:48:15 PM PDT
by
Olog-hai
To: Olog-hai
2
posted on
10/14/2013 12:48:55 PM PDT
by
sarasota
To: FReepers; Patriots; FRiends
3
posted on
10/14/2013 12:50:49 PM PDT
by
onyx
(Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
To: Olog-hai
Now this dipsh*t is worried about a new tax? I need hip waders when I hear him talk...
4
posted on
10/14/2013 12:51:10 PM PDT
by
Rummyfan
(Iraq: it's not about Iraq anymore, it's about the USA!)
To: Olog-hai
0bamaDontCare has all sorts of taxes including the individual mandate.
MMany are not going to take this.
5
posted on
10/14/2013 12:51:27 PM PDT
by
Paladin2
To: Olog-hai
0bamaDontCare has all sorts of taxes including the individual mandate.
Mny believe that we are Taxed Enough Already and resent paying for more Food Stamps which are part of Bammy's personal, political EBT Card that needs to be shut down.
Many are not going to take this.
6
posted on
10/14/2013 12:52:12 PM PDT
by
Paladin2
To: Olog-hai
It is time to invoke the 25th Amendment.
7
posted on
10/14/2013 12:52:28 PM PDT
by
P-Marlowe
(There can be no Victory without a fight and no battle without wounds)
To: Olog-hai
The fact that we are here today to debate raising Americas debt limit is a sign of leadership failure. It is a sign that the U.S. government cant pay its own bills. ... I therefore intend to oppose the effort to increase Americas debt limit.
Sen. Baraq Obama, 16 March 2006
8
posted on
10/14/2013 12:55:43 PM PDT
by
Hoodat
(BENGHAZI - 4 KILLED, 2 MIA)
To: Olog-hai
I thought 0-bama thought that new taxes were a good thing.
This lying is stunning and only useful for his 60 IQ moron base.
9
posted on
10/14/2013 12:56:20 PM PDT
by
grumpygresh
(Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
To: Olog-hai
This is exactly the opposite of the truth.
Allowing the government to spend more causes them to print more money causing inflation which devalues the dollar and acts as a “tax”.
Holding the line on spending avoids new taxes.
10
posted on
10/14/2013 12:57:39 PM PDT
by
Dave346
To: Olog-hai
So he wants to pee on the Christmas selling season, with retailers hanging on by their fingernails, just so he can blame it on those who oppose him.
What a POS.
11
posted on
10/14/2013 12:59:43 PM PDT
by
St_Thomas_Aquinas
( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
To: Olog-hai
12
posted on
10/14/2013 12:59:44 PM PDT
by
Hotlanta Mike
("Governing a great nation is like cooking a small fish - too much handling will spoil it." Lao Tzu)
To: sarasota
It is not necessary to default. We have PLENTY of money coming in to pay the interest due on the current debt.
We don’t have the money to pay for just a whole lot of things that are, frankly, luxuries and indulgences, and in some instances, buying nothing at all of continuing or lasting benefit.
13
posted on
10/14/2013 1:05:23 PM PDT
by
alloysteel
(Those who deny natural climate change are forever doomed to stupidity. AGW is a LIE.)
To: Olog-hai
Is he off his meds or on them...I’m confused.
14
posted on
10/14/2013 1:09:22 PM PDT
by
Zathras
To: Olog-hai
Jug Ears is saying Halloween comes early, OOOooo Scary!!
Only the clueless can believe this Obama Tripe.
15
posted on
10/14/2013 1:09:38 PM PDT
by
Gasshog
(Welcome to the United States of Stupidos!)
To: Olog-hai
What everyone should understand is that by giving so much away to non-producers and allowing the debt to skyrocket - Obama has already put a confiscation of wealth tax in place it just hasn't been Codified yet.
To: Olog-hai
Pay the interest, downsize, and kick the can as far as it has to go until Americans start electing people who know how to manage and grow America’s wealth as well as spend it.
17
posted on
10/14/2013 1:18:38 PM PDT
by
pallis
To: Olog-hai
As Milton Friedman said, the rate of government spending is the rate of taxation.
18
posted on
10/14/2013 1:20:34 PM PDT
by
Hugin
To: Olog-hai
The interest on the debt is a tax.
19
posted on
10/14/2013 1:35:31 PM PDT
by
WriteOn
(Truth)
To: Olog-hai
20
posted on
10/14/2013 1:36:58 PM PDT
by
jimbo807
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