Monday, October 7, 2013
Senator Obama Was Right about the National Debt - President Obama Is Completely Wrong
The US budget / debt ceiling impasse continues in Washington. On Sunday, House Speaker John Boehner told TV weekend news programs that there is "no way" Republican lawmakers will agree to a measure to raise the nation's debt ceiling unless it includes conditions to reduce deficit spending : "I told the president....We're not going down that path....It is time to deal with America's problems. How can you raise the debt limit and do nothing about the underlying problem?" Boehner was equally firm that Republicans would demand concessions for any bill to end the government shutdown. While Republicans want changes to President Obama's signature healthcare law as a condition for backing a continuing resolution to fund government agencies, the emphasis has shifted to debt control in face of the impending need to raise the national debt limit. Obama and the Democratic-led Senate have rejected the GOP demand to make changes to Obamacare, and Obama has also said it is the responsibility of Congress to raise the debt limit by an October 17 deadline when the government will begin running short of the funds needed to pay its bills. AND Obama has said he will not negotiate with Republicans over that issue. Treasury Secretary Jack Lew has warned that on October 17, he exhausts the bookkeeping maneuvers he has been using to keep borrowing. Lew said the Treasury will receive $30 billion on the 17th, it will not cover required payments of almost $60 billion. But Boehner said there are not enough votes in the House to pass a "clean" CR to re-open the government. When Boehner was asked about a group of 195 House Democrats and 21 Republicans who have said they are willing to pass a six-week "clean CR" without defunding Obamacare, Boehner replied, "There may be a back room somewhere, but there's nobody in it." Boehner repeated that his party has tried to compromise by passing several bills that would fund parts of the government while talks continue. Democrats have rejected all but a bill to fund military pay because they say the effort is a ploy to simply fund every part of government individually except Obamacare. Boehner said : "It begins with a simple conversation....the President knows my phone number and can call me any time." ~~~~~ Meanwhile, Republican strategist Karl Rove on Sunday described President Barack Obama's behavior throughout the budget showdown as "stubborn obstructionism" whose goal is to "get more money and break the Republicans....The stubborn obstructionism of the president…has a purpose, which is to try and get the Congress to agree to the Senate Democrats' spending number, which is $91 billion bigger than the House, and bust the sequester, and end the 2011 spending agreements," Rove said on Fox News. "He is attempting to put the responsibility for raising the debt ceiling and, in fact, naming the amount of the debt ceiling on the Congress and not on himself." Rove said budget experts both inside and outside of Congress have told him a $1 trillion debt increase is needed "to get the debt and the government past the 2014 election." "He doesn't want to be the guy who goes out and says, well, after all this happy talk about the spending and deficits, and how everything is hunky dory, that he needs $1 trillion more in authority to get himself through the next year," Rove said. ~~~~~ Dear readers, if we could draw any lines, it would be that Boehner and the GOP offer suggestions for a negotiated settlement while Obama and Democrat leaders say "we will not negotiate" and engage in name-calling to smear the Republican Party and its leaders and heap blame for everything on them. BUT - the additional seven trillion dollar increase in the national debt belongs to Obama and the Democrats, as does the annual one trillion dollar annual budget deficit that raises the national debt by the same amount - $1 trillion -each year. And Obama's assertion that raising the debt ceiling has nothing to do with spending and deficits is just plain wrong. Every borrowed dollar goes straight to the national debt bottom line. On 1 October, when the Treasury takes in $30 billion and pays out $60 billion - the borrowed $30 billion becomes national debt. And that happens every day. Here's how then Senator Obama put it on 2006 : "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. 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. … Increasing America’s debt weakens us domestically and internationally. 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.” - Senator Barack Obama (D-IL), March 20, 2006.
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Oh how things come back to haunt you.
ReplyDeleteAmerican certainly has a BIG DEBT PROBLEM. And America certainly has a LEADERSHIP problem ... TODAY we have it Mr. President and in 5 long years of your tax and spend and lead from far behind policy you have purposely done nothing to improve either.
ReplyDeleteYour predecessor debt problem was due to an unplanned war on terror after the 9/11/2001 attack in NYC.
Your ever growing deb t is due to your insatiable spending habits with no regards to consequences.
But Mr. Presidents as you pointed this out in March 2006 in one of your attack speeches as your run up to getting the democratic presidential nomination.
As we are still waiting for the first Constitutionally required budgets that you must submit every year ... we are waiting for your leadership to your promised better times and a more open federal government.
Obama has lied to us at every turn. Every time one of his great schemes run a foul ... Pinocchio Obama nose gets just a little longer.
This presidency/ administration of Obama is beginning to look nearly unsustainable for the next 1200 or so days.. He has learned absolutely nothing on leading, he has not offered 1 single program that has come to fruition, we are in such dissary in foreign relations with old friend and new enemies that we seem to be alone in the world.
ReplyDeleteRacial relations in the US are so strained. If fact all relations are strained here. M,Obama was going to bring us together. He was to be the great unifier.
We need help
Because the Democrat playbook rule 1 is to use old people and/or children, they are now sounding the false alarm that if Republicans don’t cave on giving everything up to Democrats over the debt ceiling, that Social Security will collapse.
ReplyDeleteOf course, the truth is that Social Security is collapsing because of the Democrat’s unwillingness to reform it and fix it – but no “news” outlet is gonna let that get in the way of a good propaganda campaign. Nope. It’s the Republican’s fault. The debt ceiling now has to be raised unconditionally because – Social Security.
The real question here is will the republican leadership in the House stand firm and help to right this tilting ship we're on?
Seems to me that there is something seriously wrong with either the approval ratings the President has, or the people who are taking the polls or the people who are answering the question. In the interest of being fair, I am going to round-up the Presidents number, just so it brings into a more realistic view.
ReplyDeleteThe President at present, according to Real Clear Politics, has an approval rating of 48%. Let’s look at the other numbers that should affect that rating.
1. When the President took Office the unemployment rate was 7.8%. Granted that it reached 10%, but after a Trillion dollars spent, is 8.3% today. One can’t argue that it would be worse if that Trillion hadn’t been spent it would be even worse, (though backers are saying that), because that is trying to prove a negative. You can’t, you can only prove facts and the facts are that over 23 million people are not working or are under employed. You can claim that you created over 4 million jobs, but facts are that there are hundreds of thousands fewer jobs available and that is another reason that the unemployment rate is only at 8.3%.
2. Income is down since this President has taken office. In Jan ’09 median income was $54,000 and today it is $50,000. The real reason for this of course is the obvious result of having, in real numbers, 15% of the population needing work and business having to be able to offer less and people willing to take less in order to bring something in to keep some standard of living. This doesn’t make business evil, it just shows that business is out to make money and that is the reason they are in business. When unemployment was under 5%, back in the Bush days, even McD’s was paying $10 an hour to get people to take a job there.
3. Gas is now someplace around $3.78 on National average. (On a side note when gas went over $2.50 the media went wild when Bush was President. Today nary a word). When the President took Office gas was $1.84 a gallon. It cost me $30 to fill my tank and that lasted my about 10 days of going back and forth to work. The other day it cost me $57 for a commute that hasn’t changed. Think that might affect my ability to contribute to the economy?
4. The debt was $10.6 Trillion when the President took Office. While the DNC Convention is in session the National debt will pass the $17 Trillion mark. I’d bet that nary a mention will e made about that. The President can make all the claims he wants about how much was already in the budget before he took office, but reality is that you can’t have complete control of both Houses of Congress for two years and the White House and place all the blame on the other party.
But we are all to believe that 48% of the American public APPROVE of the way Obama is conducting Foreign Affairs, Terrorism, various Constitutional duties, and the Economy & National Debt
REALLY?
By now the whole world knows that President Obama has flatly said that he didn’t draw a “red line” with Syria, but instead, but instead the WORLD drew the line. It’s an obvious lie, but he’ll get away with it thanks to a complicit media and the naiveté of millions of Americans.
ReplyDeleteThe crux of the matter is this: President Obama will not even accept responsibility for a statement he made that will likely lead our nation into another Middle Eastern conflict. That’s a grotesque abdication of leadership if ever we saw it.
Unfortunately, behaving irresponsibly is par for the course with this administration. Here are 5 other examples to prove that point.
1. President Obama won’t take responsibility for raising taxes
2. President Obama won’t take responsibility for the state of the economy
3. President Obama won’t take responsibility for IRS-gate
4. President Obama won’t take responsibility for the failure of American security in Benghazi
5. President Obama won’t take responsibility for lying to you about ObamaCare
When do we hold Obama and all the “King’s Men” responsible for all their doings that has lead us to this horrible place in our history that we are at.
We do that come next year’s Mid-Term Elections. We replace those elected officials that have put us here with one foot in the grave and the other foot on a banana peel. These PROGRESSIVE thinking politicians must be returned to private life ASAP – and that is 2014.
We have been fair with Obama, we have been patient waiting for Obama’s promises to come true, we have been understanding of his lack ok national/international experience early on in his administration, we have ignored his lies, we have given him a pass on not fulfilling his Constitutional duties (budgets for one). Enough is Enough.
President Obama could not be more wrong in his economic decisions. Decisions most likely based on information that he is getting from the small, closed group of associates that he has at the White House and in his Council of Economic Advisers.
ReplyDeleteHe couldn't be getting any worse information if he went to the FED.
Maybe he should stop relying on those he knows, and rely instead on those who know what they’re doing.