Obama Delaying Request To Hike Debt Ceiling By Another $1.2 Trillion…
And why not? We’re already living on borrowed time.
HONOLULU (AP) — President Barack Obama is delaying his request for another $1.2 trillion increase in the nation’s debt limit at the request of congressional leaders.
It’s basically because of a technicality.
The White House had been ready to ask for the increase Friday because the government is within $100 billion of exhausting its current borrowing authority. Congress would then have 15 days to reject the request, though Obama would veto any objections in order to ensure that the government does not default on its obligations.
But with Congress not due to return to Washington until mid-January, lawmakers asked Obama to delay his request so they would be in session during the 15-day period allowed for objections.
“The administration is in discussions with leaders in both houses to determine the best timing for submission of certification and any subsequent votes in the two houses,” White House spokesman Josh Earnest said Friday.
Posted by ZIP on Friday, December 30, 2011, at 3:31 pm | 
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Just your typical liberal leftists demacratic scumball reducing our nation to a miserble 3rd world exitence
They cave on this and its going to be 2010 Redux for the Legislature and if Newton gets the nomination and great bludgeon he can use during a debate.
There is no end in sight to this madness, we’re bankrupt and what do we do, raise the ‘credit limit’ of course. Yup, that’ll fix it.
“The administration is in discussions with leaders in both houses to determine the best timing for submission of certification and any subsequent votes in the two houses,” White House spokesman Josh Earnest said Friday.
Determining best timing for introducing the request? Why, because its an election year you craven cowardly wealth thieving bastages. The entire lot of them, a pox on their houses!
He knows that a delay for the full Congress is in his best interest when it comes to blame – the game he plays this next year for his re-election. This way, he can keep hacking away at Conservatives who attempt to do something about not having a budget for going on 4 years now. And when Boner caves (and he will because he has “Loser” written all over his face) the Senate will pass and he will have weakened the Conservatives a little bit more.
That picture makes me think of, “Every time it rains, it rains pennies from heaven,” except for Barry, of course, it would be dollars.
The dumbass is delaying his request so he can learn to spell “Barack” so he can sign his name to the document.
Like Bob Dylan said “a hard rain’s gonna fall.” Is all this borrowed money created out of thin air by the international bankster cartel or what? There are enough hard to trace and harder to comprehend “derivatives” B.S. money floating around out there. I think there are sinister powers who want financial collapse and subsequent chaos to usher in the N.W.O. using the excuse of “maintaining law and order” with “regrettable” suspension of civil freedoms.
What’s the matter obozo is MOOCH running out of money on you’re multi million dollar vacation???? It’s like we’re living under a DICKtatorship.
God I can’t wait for these fools to get replaced by Americans.
Give him a burnt cinder
Raise it? Here is my response in one word: Nofuckingwayobumbler!!
Relentless he is !.. the impediments to O’ agenda are few. Will the Repubs be our cavalry? so many question too few answers…
What a trillion dollars looks like:
http://usdebt.kleptocracy.us/
Sure, he wants to wait until it’s an emergency…
“We can’t wait” bullshit.
The he can hold SS Checks and other government benefit checks hostage, saying that the evil Republicans want people to die.
Then Boehner will cave in and / or agree to another fake concession from Obama.
Shit for brains
So in all the talk about raising the borrowing authority I have
not heard anything about what happens if the people we are borrowing from say NO.
I feel like I’m living in the Twilight Zone. Up is down. Black is white. Evil is good.
Cloward and Piven, y’all. Cloward and Piven.
I have a new view of the debt ratio/borrowing government spending way more than it takes in thing. This is strictly supply and demand. Capitalism at it’s finest. The government has an auction for treasury bonds. It offers a return on investment in the form of interest. If there are buyers for the offering, then we continue down the road,
When the buyers dry up, the interest rate goes up to entice buyers back. When there are no longer buyers regardless of the interest rate, we are finally at the end of the road unless the global banksters decide to ‘save’ us. When this happens, not only have they saved us, they own us.
Obama is very unpatriotic for raising the debt limit.
Suppose this could help tank any re-election abilities?
Why? Is Boehner holding out for a budget reduction in 2024?
I’m beginning to wonder why we even have a Congress….
At this point what difference will it make? Even if Congress finds it’s
nuts and says no, the Fed will, after a behind closed doors meeting with
the ” smartest man in the room”, crank up the green, giving bho ever
more of the republic’s near worthless currency by executive order….
Make way for the financial collapse being planned by the NWO, and
the little piggies who participated running for their life when the wolf
comes calling.