Posts Tagged ‘Debt Limit’

Boehner: Goal here is to increase the debt ceiling

by Doug Powers on Thursday, February 6th, 2014

This is article 514 of 523 in the topic Government Spending
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It’s pitiful that so many Republicans’ only strategy to counter America’s trip to economic hell in a hand basket is to negotiate over the speed of the descent.

From CBS News:

With just days until the U.S. maxes out its borrowing authority, the House GOP has yet to decide what they’re going to ask for in return for an increase in the debt ceiling.

“No decisions have been made,” said House Speaker John Boehner, R-Ohio, after a meeting with his conference Tuesday morning. “The goal here is to increase the debt ceiling. Nobody wants to default on our debt. But while we’re doing this we ought to do something about the jobs and the economy.”

But what exactly that “something” is remains an unanswered question. Boehner and Senate Minority Leader Mitch McConnell, R-Ky., have made it clear that Republicans are not interested in a so-called “clean” debt ceiling increase where they increase the country’s borrowing authority but receive no spending cuts or new legislation in return.

The goal is to increase the debt ceiling? You’re doing it wrong.

Here’s what the Republicans reportedly would accept in return for agreeing to raise the debt ceiling again:

Several House members told The Washington Post on Monday that Republican leaders have narrowed their list of possible debt-limit strategies to two options: trading a one-year extension for approval of the Keystone XL pipeline, or trading a one-year extension for repeal of a provision of the Affordable Care Act.

Boehner might also agree to a multi-trillion dollar debt ceiling increase if the Democrats can get CVS to keep selling cigarettes.

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Cut the ATF instead of cutting national security budgets, say officials

by Jim Kouri on Tuesday, September 17th, 2013

This is article 495 of 523 in the topic Government Spending

During his speech on Monday, President Barack Obama eluded to the very real possibility of a “government shutdown” if lawmakers do not raise the nation’s so-called debt limit. Obama said there would be problems throughout the government, especially within law enforcement, intelligence agencies and the nation’s armed forces as a result of drastic cost-cutting measures.

“I do believe we should cut our programs that we don’t need. We need to fix ones that aren’t working the way they’re supposed to or have outlived their initial mission. We’ve got to make government faster and more efficient,” said the President during his speech in the South Court Auditorium on the grounds of the White House .

With that in mind, a number of well-regarded law-enforcement officials and gun-rights activists on Monday strongly suggested that President Barack Obama and lawmakers get rid of the scandal-prone Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) instead of cutting national security agencies and budgets including the U.S. military’s already drastically reduced coffers.

“Instead of increasing its budget, the House of Representatives should slash the budget of the Bureau of Alcohol, Tobacco, Firearms and Explosives or simply eliminate the agency,” gun rights expert John M. Snyder told the Examiner from his office in Bethesda, Md.

“This would be a good first step as sensible U.S. Representatives and U.S. Senators work to curtail expenditure of the irresponsible federal establishment,” the former NRA editor stated.

As a constitutional matter, financial expenditure bills originate in the House of Representatives. This would be an appropriate place for Speaker John Boehner and House members to cry ‘Halt’ to the out-of-control federal government, said Snyder, who also serves as an advisory board member of the National Association of Chiefs of Police.

“If there was ever an agency that outlived its usefulness as far as enforcement, it’s the ATF which appears to be on the road to becoming just the ‘F’ for firearms enforcement,” said a former Marine and police detective, Sidney Franes.

The ATF has been on a collision course with the House of Representatives for months. Attorney General Eric Holder remains under a contempt resolution from the House for his refusal to cooperate with the House in the production of documents associated with the ATF Fast and Furious international firearms scandal, according to an Examiner news story.

Snyder said that, “ATF figures in schemes of political panderers and monsters of the media who are on a binge of hate. They use murderous acts by criminals as an excuse for proposals to undermine the individual Second Amendment civil right to keep and bear arms of millions of law-abiding American citizens. These gun-grabbing bingers don’t want citizens to be able to defend themselves against these murderers and they want ATF to do their dirty work.”

“The recent introduction in Congress of anti-gun owner bills surely will be met with deep and hard opposition by millions of [America's] law-abiding gun owners,” Snyder said.

Snyder noted that, “President Barack Obama, Sens. Dianne Feinstein (D-Calif.) and Chuck Schumer (D-N.Y.), Reps. Carolyn McCarthy (D-N.Y.) and Diana DeGette (D-Colo.) and other political hacks are conspiring to take away American gun rights.

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Despicable President Threatens Veteran Benefits, But Will Fund Muslim Brotherhood, Illegal Aliens!

by John Lillpop on Monday, August 12th, 2013

This is article 492 of 523 in the topic Government Spending

Gallup polling recently reported that President Obama’s approval rating has dropped to 41%, presumably most of whom are lazy louts living on the government teat and NEVER working.

Sort of like The One himself.

Speculation on just how low this corrupt liar can go must be reset to take into account Obama’s latest despicable act of war against the brave heroes who have given so much for the nation in times of war.

We speak of military veterans, that neglected class of patriots who obey the law, pay their taxes, and give more than their fair share for preservation of the American way of life.

In the latest episode of fear mongering against American heroes, Barack Obama threatened to use sequestration—-a notion which he originated—-to slice benefits paid to veterans.

All in the name of political gamesmanship from the man who promised hope and change, but who has delivered shock and awe toreal Americans!

As reported:

President Obama took his case for ending the sequester to hundreds of disabled veterans Saturday, saying he protected their benefits from the “reckless” cuts to the federal budget but suggesting next year might be different.

“It’s hurting our military. I made it clear that your veteran’s benefits are exempt from this year’s sequester,” the president said to the applause of hundreds at the Disabled American Veterans’ convention in Orlando, Fla. “But I want to tell you going forward the best way to protect the VA care you have earned is to get rid of this sequester altogether.”

The president but the blame squarely on Congress, which returns in about four weeks to work on a new federal budget and increasing the federal debt limit.

“We’ve got these reckless, across-the-board budget cuts called the sequester that are hitting a lot of folks hard,” Obama said. “Congress needs to come together and agree on a responsible plan that reduces our deficit and keeps our promises to our veterans and keeps our promises to future generations.”

So, Mr. President, just who in the hell came up with the sequestration racket in the first place? Oops, you say it was forced upon you by recalcitrant Republicans?

And just who in the hell is behind the idea of sending billions of precious—but devalued—American dollars to buoy the Muslim brother hood in Egypt?

And who in the hell just wasted $100 million to send the First Family on a boondoggle to Mother Africa?

How many billions will your idiotic “Amnesty for votes” campaign cost American taxpayers?

Based on common sense and American fairness values—commodities to which you obviously do not subscribe—it would seem that your spending priorities are dead wrong for America! AS Always!

Let’s stop the stupid attack on worthy veterans and instead cut wasteful spending on Islam and Mexican illegal aliens!

Sir!

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How DOES Obama Manage It All?

by John Lillpop on Monday, May 13th, 2013

This is article 864 of 1001 in the topic Obama

To mere mortals such as this reporter, it appears as though President Obama’s cup is running over with crisis, both foreign and domestic, both from external sources and self-induced.

Consider the major issues that Obama faces over coffee each morning, as of today:

  • Benghazi Scandal
  • IRS Scandal
  • Boston bombing
  • Looming Obamacare Train Wreck
  • Amnesty for (at least) 11 million illegal aliens
  • Gun control and 2nd Amendment
  • Assuring government funding for abortion
  • Unyielding Unemployment
  • Sequestration, budget, out-of-control spending, debt limit
  • Syria
  • Iran nuclear
  • North Korea
  • Closing GITMO
  • Strained relations with Russia
  • Israel
  • Detroit
  • Keeping Joe Biden off the front page
  • Second term staffing and appointments

In addition, there are probably at least another half-dozen “under the radar” calamities that Obama is being pelted with, but which the mainstream media continue to ignore.

Despite this bloated “To Do” list, one is shocked to discover that Barack Obama has managed to “squeeze in” three fund raisers for May 13, as reported at the reference:

President Barack Obama will start the week by attending 3 Democratic fundraisers in New York City, according to the White House.

“In the afternoon, the President will travel to New York City. The departure from the South Lawn and the arrival at John F. Kennedy International Airport will be open press,” the president’s schedule reads.

“While in New York City, the President will deliver remarks at two DNC events at private residences and a joint DCCC/DSCC event at the Waldorf Astoria Hotel. The DNC events are print pool for remarks only and the DCCC/DSCC event is pooled press.

“In the evening, the President will depart New York City en route Washington, DC. The departure from John F. Kennedy International Airport and the arrival on the South Lawn will be open press.

As the New York Post reported previously, one of the events tonight will be at the home of Hollywood mogul Harvey Weinstein. “He won a second term, but Barack Obama isn’t done fund-raising. The president will appear at a cozy reception for fewer than 65 guests with tickets priced at $32,400 per couple at the Manhattan home of movie mogul Harvey Weinstein and his designer wife Georgina Chapman on May 13, Page Six has exclusively learned,” reports the Post.”

Ah! The key words are “fund raiser,” an activity which has priority over all other issues of the day, at least in Obama’s mind!

Still, the question persists: How DOES he manage it all, with only a staff of several hundred and three dozen czars at his beckon call?

John W. Lillpop
San Jose, California

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Obama: Not raising the debt ceiling would be like a dine-and-dash at a restaurant

by Doug Powers on Monday, January 14th, 2013

This is article 441 of 523 in the topic Government Spending

“You don’t go buying a boat when you can barely pay your mortgage. You don’t blow a bunch of cash on Vegas when you’re trying to save for college. You prioritise. You make tough choices.” – President Obama, February 2010
*****

President Obama held the final press conference of his first term today. “We need to pay our bills” is the latest craze to justify raising the debt ceiling (try that one on your credit card company when you hit your limit).

Here are a few quotes from a presser that revolved in part around the debt ceiling and gun control, which led to some interesting metaphor placement:

“I’m happy to have that conversation,” Obama said of future deficit-reduction talks. “What I will not do is have that negotiation with a gun at the head of the American people.”

That was about as subtle as Joe Biden in a Dunkin’ Donuts. Speaking of guns, what the heck is a “magazine clip”?

Need more comparisons? You got ‘em: Congress, don’t dine-and-dash:

“You don’t go out to dinner and then eat all you want and then leave without paying the check,” Obama said.

Of course not. You make sure your dinner tab is charged to the kids and grandkids of everybody else in the restaurant, then you leave.

The press conference also featured hostage-takers:

“They will not collect a ransom in exchange for not crashing the economy,” he said at the 21st and final news conference of his first term.

And economic terrorism:

Failure to raise the debt limit would put the United States into a first-ever default, a step that Obama said could “blow up the economy.”

Top Dems urging President Obama to unilaterally raise the debt ceiling all voted against raising the ceiling in 2006 — including then-Senator Obama. Remember this?

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership.”

In 2006 the need to raise the debt ceiling was a sign that America can’t pay its bills. In 2013 the need to raise the debt ceiling is a critical element in allowing America to pay its bills.

Today, Major Garrett reminded Obama that “you yourself” voted against raising the debt ceiling back when Bush was president, and Obama easily side-stepped it:

Oh, and Obama also announced that Janet Napolitano will remain as head of Homeland Security for the foreseeable future. America will sleep better knowing this.

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Jay Carney sums up the problem

by Doug Powers on Sunday, January 13th, 2013

This is article 440 of 523 in the topic Government Spending

Many Democrats have been urging President Obama to bypass Congress and take action to unilaterally raise the debt ceiling. Yesterday, while rejecting that suggestion (farewell, trillion dollar coin), Jay Carney summed up the reason we’re buried under an ever-expanding mountain of debt:

“There are only two options to deal with the debt limit: Congress can pay its bills, or it can fail to act and put the nation into default,” White House press secretary Jay Carney said in a statement. “Congress needs to do its job.”

“Pay its bills”? Only in DC can raising the debt ceiling to over $18 trillion (and beyond) to accommodate a refusal to rein in an insane level of deficit spending be considered “paying the bills.”

Here’s a projection of each American’s share of publicly held debt thanks to that definition of “paying the bills”:

nullRelated Sunday entertainment: Lou Rawls’ Charge Card Blues.

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Fiscal cliff negotiations update: Biden, Congress to receive pay increases — no other news to report

by Doug Powers on Friday, December 28th, 2012

This is article 432 of 523 in the topic Government Spending

All of us watching the “fiscal cliff” circus (or as much of it as we’ve been allowed to watch) who are potentially faced with paying higher taxes next year while the country is set to hit the debt limit on New Year’s Eve have only one question on our minds: When will President Obama lift the pay freeze on federal employees?

Well lose sleep no more, America, because that day is today:

President Barack Obama issued an executive order to end the pay freeze on federal employees, in effect giving some federal workers a raise. One federal worker now to receive a pay increase is Vice President Joe Biden.

According to disclosure forms, Biden made a cool $225,521 last year. After the pay increase, he’ll now make $231,900 per year.

Members of Congress, from the House and Senate, also will receive a little bump, as their annual salary will go from $174,000 to 174,900. Leadership in Congress, including the speaker of the House, will likewise get an increase.

Biden’s contract called for an additional performance bonus if he hit more than 100 gaffes during the 2012 election season — a goal he eclipsed easily.

Here’s a good question:

Shouldn’t the senate pass a budget before getting a pay raise? weeklystandard.com/blogs/obama-or…

They could be thinking that if they pass a budget there might not be enough wiggle room for a pay raise, so it’s best to do it the other way around.

Still no fiscal cliff deal to announce. There are reports of a “mini deal” in the works, which often turn out to be one giant horrible idea chopped into smaller bite-size pieces.

(h/t Twitchy)

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Are Democrats Smarter Than Republicans

by Dr. Robert Owens on Saturday, December 22nd, 2012

This is article 52 of 94 in the topic Republican Party

The Headlines say it all “Boehner offers debt-ceiling increase in cliff compromise” or “Boehner Reported to Offer Millionaire Tax Rate Increase.” Yet behind the headlines the meat of the stories shows House Speaker Boehner once again folding like a house of cards before President Obama and the Progressive juggernaut.

Concerning the debt ceiling, while Mr. Obama wants a blank check Mr. Boehner offers to push any debate over the federal debt limit off until 2014. This is a concession effectively depriving Republicans of any leverage in the current budget battle over the looming fiscal cliff. However it is said to be breathing new life into stalled talks with the triumphant Obama Outfit that has taken control of America. Nothing like surrendering your best cards before the game is over unless it’s accepting the opponent’s major demand before serious negotiations really begin as in the case of the tax rate increase.

According to news reports Speaker Boehner has offered to let tax rates rise on higher incomes. However, the trusty Republican negotiator isn’t offering that without demanding something in return. He is demanding unspecified changes in the entitlement spending that is sinking the government in red ink. Increasing tax rates now for promises of spending cuts later; how could that ever go wrong? Except for every time it has ever been tried, besides being exactly what the Obama Organization offered, this same bait-and-switch scam tripped up President Reagan in 1982 and Bush the Elder in 1990.

Like Charley Brown trying to kick the football over and over again only to have Lucy pull it away; each time the Democrats keep running the same play and the Republicans keep falling for it. This brings us to the question of the day, “Are Democrats smarter than Republicans?”

I was a fourth generation Republican who cut my teeth in Barry Goldwater’s failed Presidential bid and then in Nixon’s first presidential campaign back in 1960. I worked for Goldwater, Reagan, and all the following Conservative flag wavers who tried to rally the country to a return to limited government, personal liberty, and economic freedom. That is I did until Trent Lott’s Republican Senate Majority gave us the impeachment debacle and the explosion of government growth and spending under Hastert, Lott, and Bush. When the Republican Senate refused to impeach President Clinton for crimes he later admitted and when they and their House brethren became Democrat Lite as the party of power, I mailed my membership card to the party that was no longer the Grand Old Party of my great grandfather and became an Independent.

For most of my life I was a party man: accepting some things I didn’t agree with for the greater good of electing a party with a platform I could agree with. However, once it became apparent that as far as the budget went we had elected the foxes to watch the hen house, that the conservative social agenda received a tip-of-the-hat during elections followed by no action, and that the only victims of the impeachment were those brave enough to bring the charges the scales fell from my eyes.

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Jay Carney: Not sure how many Dems support Obama’s ‘deficit reduction’ proposal

by Doug Powers on Saturday, December 8th, 2012

This is article 197 of 307 in the topic Taxation/IRS

On Thursday, Jay Carney said he wasn’t sure how many Democrats would support President Obama’s “$1.6 trillion in tax increases, no debt limit and new stimulus spending” plan that is somehow supposed to reduce the deficit — and Harry Reid has taken it upon himself to make sure nobody ever does find out. Mitch McConnell tried to bring the Obama plan to a vote in the Senate either as an amendment or a stand-alone bill and Harry Reid swatted it down so fast you’d think McConnell had proposed a ban on cowboy poetry.

At a press conference, Jay Carney was asked about Reid’s aversion to allowing a vote on Obama’s proposal:

Reporters: Why is he afraid to put the President’s plan on the floor. Do you think you have democratic support?

Carney: We know that, and the filibuster is certainly an issue here, that we don’t have 60 votes in the Senate. So, I would not argue with the idea that the President’s proposal cannot at this time, or has not at this time, garnered Republican support. That’s what this debate is about. We are very confident that the Democrats support the principle that we need to have $1.6 trillion in revenue, asking the wealthy to pay more as part of a balanced package that the President has put forward. I understand that you’re going along with the gamesmanship here. We’re trying to be serious about these negotiations. We have put forward a proposal. We have seen no substantive proposal, especially on revenues, from the Republicans.

If, as Carney insinuated, the only opposition to the Obama plan are Republicans, why pass up a golden opportunity to demonstrate that over 50 Democrats — the majority of the Senate — are unified in their support for Obama’s “bring down our deficits in a balanced way by constantly raising the debt ceiling” proposal? It sounds like somebody has been asked to not allow a repeat of the Obama budget vote.

In fairness to Harry Reid, he’s been preoccupied with trying to get a popcorn waiver. First things first.

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Obama administration: “‘Deeply Irresponsible’ To Demand Spending Cuts To Match Debt Limit Increase”

by John Lott on Sunday, December 2nd, 2012

The Obama administration keeps making the false claim that hitting the debt limit will cause default.  Of course, it is a nutty claim.  Default only occurs when you can’t pay the monthly interest bill and that won’t occur as long as revenue covers that.

Jay Carney: Asking that a political price be paid in order for Congress to do its job to ensure that the United States of America pays its bills and does not default for the first time in its history is deeply irresponsible. It was deeply irresponsible in the summer of 2011 and it would be deeply irresponsible if we were to see that kind of approach taken again. The President absolutely expects Congress to do its job, and one of the jobs that Congress has is to make sure the United States government pays its bills as the greatest economy and the greatest country on earth — we pay our bills. . . .

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