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Obama: I won’t negotiate over raising US borrowing cap
AP via CNBC ^ | 10/02/2015

Posted on 10/02/2015 1:52:45 PM PDT by Olog-hai

President Barack Obama says he won’t give Republicans controlling Congress concessions on must-pass legislation to increase the government’s borrowing cap.

Lifting the so-called debt limit is required to forestall a market-quaking, first-ever default on U.S. obligations like interest payments and government pension benefits. …

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


TOPICS: Business/Economy; Constitution/Conservatism; Government
KEYWORDS: biggovernment; borrowandspend; obama; powerofthepurse
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1 posted on 10/02/2015 1:52:45 PM PDT by Olog-hai
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To: Olog-hai

As always, my way or the highway.


2 posted on 10/02/2015 1:53:47 PM PDT by phormer phrog phlyer
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To: Olog-hai

Too bad we don’t have representatives in Washington.


3 posted on 10/02/2015 1:53:54 PM PDT by E. Pluribus Unum (Is the Pope Catholic?)
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To: Olog-hai

The Democrat’s choice for the children: Either be born into horrible debt, or be aborted.


4 posted on 10/02/2015 1:54:09 PM PDT by Loud Mime (Honor the Commandments because they're not suggestions; stop gambling on forgiveness.)
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To: Olog-hai
first-ever default on U.S. obligations unlawful budgetary legislation like interest payments and government pension benefits. …
5 posted on 10/02/2015 1:55:09 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Olog-hai

Sounds like he has drawn a red line in the sand....


6 posted on 10/02/2015 1:55:21 PM PDT by NEMDF
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To: Olog-hai

THANK GOD we elected Mitch and Jonbon because they are better than democrats.

THANK GOD!!!!!!!!!

Can you imagine if those damned purists had got their way and kept them from power? Why....Barry wouldn’t have gotten everything barry wanted!!!!Which we all know is conservative!


7 posted on 10/02/2015 1:55:26 PM PDT by Norm Lenhart
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To: Olog-hai

Obama needs more money,to get more Illegals ,to make more Democrat voters so they can demand his third term ?


8 posted on 10/02/2015 1:55:59 PM PDT by butlerweave
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To: Olog-hai

He won’t have to negotiate. Congress will just give him whatever he wants.


9 posted on 10/02/2015 1:56:53 PM PDT by fatnotlazy
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To: Olog-hai
Treasury Secretary Jacob Lew informed Congress on Thursday that it needs to act by Nov. 5. That is earlier than most on Capitol Hill has thought and means the issue probably needs to be dealt with before House Speaker John Boehner resigns.

What a coincidence!

Obama's employees, Boehner and McConnell, will make sure the king gets his wish.
10 posted on 10/02/2015 1:57:05 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: Norm Lenhart

You’re preaching to the choir when it comes to me. And it’s getting a bit long in the tooth at least from my perspective, with all due respect.


11 posted on 10/02/2015 1:59:00 PM PDT by Olog-hai
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To: NEMDF

Sounds like he has drawn a red line in the sand....


He has, and he’ll stand by it. He’ll chew up and spit out the republicans.


12 posted on 10/02/2015 1:59:58 PM PDT by laplata ( Liberals/Progressives have diseased minds.)
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To: Olog-hai

Every once and awhile obongo tells the truth. He does not negotiate. The republicans give him everything he wants.


13 posted on 10/02/2015 2:00:09 PM PDT by GregoTX (Cruzader)
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To: Olog-hai
We could save a few pennies if we: 1) did away with the serve-one-term-and-get-a-pension-for-life benefit, 2) made them pay into SS like the rest of us, 3) made them pay for their own health insurance via Obozocare, and 4) actually made them do some work rather than doing nothing but bitching at each other or working for reelection.

GO ahead, Bozo. Shut the gov't down, but you better be damn careful which agencies you shut down first. For me, go ahead and shut down the EPA and NTSB since they don't do us any good anyway.

14 posted on 10/02/2015 2:00:36 PM PDT by econjack (I'm not bossy...I just know what you should be doing.)
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To: Olog-hai

And three guesses about who will be accused of refusing to compromise.


15 posted on 10/02/2015 2:00:46 PM PDT by Daveinyork ("Trusting government with money and power is like trusting teenaged boys with whiskey and car keys",)
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To: Olog-hai

The Little Tyrant speaks, McConnell bows, fists his terrapin forehead and slowly backs out the door.


16 posted on 10/02/2015 2:00:47 PM PDT by tumblindice (America's founding fathers: all armed conservatives.)
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To: phormer phrog phlyer
As always, my way or the highway.

Except with Putin

17 posted on 10/02/2015 2:02:34 PM PDT by BookmanTheJanitor
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To: butlerweave

Yes, the SOB needs to keep the freebees flowing to his pals and all the illegals plus Muslims.


18 posted on 10/02/2015 2:03:11 PM PDT by Lumper20 ( clown in Chief has own Gov employees Gestapo)
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To: Olog-hai

NOT raising the debt limit and reigning in spending would jump start the economy along with job creation.

Therefore, the Republicans in the House and the Senate will be sure to do Obama’s bidding instead of the people who voted them in.


19 posted on 10/02/2015 2:03:21 PM PDT by Read Write Repeat (Not one convinced me they want the job yet)
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To: Olog-hai

Mr. Obama’s policy can be summarized thus:

1) Never negotiate across the aisle in Congress, or with Israel.
2) Always give in to every demand of those who wish our destruction.


20 posted on 10/02/2015 2:03:55 PM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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