Tag Archives: debt ceiling
Last week, for the first time in history, US debt was cut to below AAA. That wasn’t supposed to happen. For months we saw President Obama and the media pillorying conservatives for inviting Armageddon by opposing the lifting of the debt ceiling without substantive cuts in government spending. When the “Hobbits,” as the Wall Street Journal dubbed them, were undone by the squishy wing of the GOP and we had our “grand compromise,” that was supposed to avoid a downgrade. Continue reading
The past week has been a nothing if not confusing… From the President talking about his plan which mysteriously no one ever saw to John Boehner fighting off an attack from Tea Party “Hobbits” because they said his plan was almost interchangeable with Harry Reid’s. As of Sunday night the Boehner, Reid, Obama triad had cobbled together something that “cuts” federal spending by $2.4 trillion while raising the debt ceiling by about the same. Finally! Some clarity that makes this mess easy to understand for we simpletons… Continue reading
Barack Obama’s first proposed FY 2012 budget was so ridiculous that it was voted down 97-0 in the Senate. Since then democrats have offered absolutely nothing concrete with regard to either the budget or the debt ceiling.
Now as money is running short, democrats are getting frantic about “default.” But they are more concerned with something other than default.
They are more concerned with the 2012 election than anything else. Continue reading
The everyday decisions we make can have monumental consequences if we make a mistake in judgment. A politician will make decisions affecting millions. Throughout history, poor judgment has allowed politicians to create the instruments of their own demise and it often happens before he realizes it is happening. Once the wheels of fate are allowed to gain momentum, there is often no option but to devise an escape.
I put myself in mortal danger once as a young man, an experience I reflect upon on a regular basis. It was early December, I had helped several hunters get elk and moose and a couple of grizzly, but the seasons except for moose were over and I needed a moose for my family’s meat supply for the year. Continue reading
ay what you will about Barack Obama, but the man is quite exceptional. Coming from a broken home, he grew up and graduated from Columbia University and went on to earn a law degree at Harvard. Both schools are amongst the most challenging to get into in the country. Not only that, he was an editor of the Harvard Law Review and taught at the University of Chicago law school. Continue reading
The president told Eric Cantor “Don’t Call My Bluff”. Well, why wouldn’t you call someone’s bluff; especially, after they just told you they were bluffing.
The president has once again made a mockery of the IQ that is supposed to be off the charts, during the negotiations over raising the $14.3 trillion debt limit. His tough guy line that sounds more like a Pee Wee Herman character than line Gary Cooper; he obviously was off teleprompter.
The perviously unknown term “off teleprompter” has become the legendary period of time, when the real wit and wisdom of Obama shines through.
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This is quite amusing and worth reading:
President Obama is pulling out the big guns and pointing them straight at your grandmother. “Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3″ absent an agreement with Congress to raise the debt ceiling, CBS News reports:
Democrats or the National Socialist front In North America see raising taxes as the generic answer to all problems or at least an integral part of the solution. To paraphrase Rahm, “Never Let a Crisis Go To Waste Without Using It As An Excuse To Raise Taxes”. The looming default is not an emergency that popped up overnight, Obama precipitated the crisis with a stimulus that accomplished nothing, except for the sole purpose of solidifying Obama’s political base both domestic and international by using taxpayer dollars, after that boondoggle for the American people, he charged full speed into profligate spending mode. Now, quite by accident, according to the Socialist Party line, the US is nearing default and must increase its borrowing limits.
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In the sparring over the issue of raising the debt ceiling BArack Obama weighed in with “harsh language.”
In some of his harshest language to date in the fight over the deficit, President Obama warned today that the debt ceiling should not be “used as a gun” against Americans to extract tax breaks for the wealthy.
A vote on raising the debt ceiling looms.
Barack Obama on raising the debt ceiling in 2006:
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said on March 16, 2006. “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 problem and a failure of leadership . Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.”