I note that this story has caused stupidity to fall in the path of many a poster and they have all tripped over it.

DON'T PUT GUNS IN SCHOOLS: put armed guards outside of a school! Once the school starts don't let anyone enter, for any reason, until school is out and the students are gone. Direct anyone that has business to another location. make this an unbreakable rule, no one for no reason enters once school starts. How hard can this be?

Irish 21, Ol' Buddy -

I'm Irish and a card-carrying Republican myself.

Your flagrant display of ignorance and bigotry gives INTELLIGENT Irish Republicans a bad name.

SILENCE IS YOUR BEST FRIEND!!

Ben

Ben,

How am I a bigot?

1st off, lets hope he waits to call on FOXs Ed Henry LAST, so to show that bunch of Carnival Barkers where they are, on His Radar!

Marklepew, Excellent response(And True)!

From where I sit, I anxiously await the latest version of Chucky T's Stupidest question Ever asked to the Most Powerfull Man in the WORLD!

Rep Marsha Blackburns(TENN) constituents don't wanna pay for certain programs(other than the ones that pay there Trailer Rent), so She wants to use that to ShutDown certain Federal Government Agencys! Personally, I (and Many others) did'nt wanna Pay for Chicken Georges SandBox Escapades & the $5 TRILLION Pistol( And Counting) taken from Saddam Hussein, but we're gonna Pay for it anyways! However, when He (Chicken George) opensup his Presidential Library, We can also Pay to see "My PRECIOUS" Pistol!

Weeeeeeeeeeeeeeeeeeeeeeeeeeeeee Doggies, Life Is Good!

You Betcha!

Occupy SoggyBottom!

let them spin don't try to educate them people just makes our job harder for the midterms which they are going to loose just like the did in November. And come on for a chuckle I still watch the coverage of the election on Faux News watching that melt down is so good I watch it whenever the day is going poorly. I live in MA and work close to where Romney had his election night well I guess party, but it was clear to his supporters that those fireworks he paid big bucks for to go off in the Charles River were not going to see the light of day. I can see the airport from my office and all of those private gulf streams landing for the man who wants to help the 47% were coming in so fast they were having a hard time finding parking spaces for them, but it didn't take them long to clear out I hear.

Colin Powell a republican who they all loved and wanted to be President said it right yesterday, nuff said ignore them people and move on we have a lot of work to do and that is a four letter word forgein to the republicans. Basically their electeds are getting what their corporate buddies get welfare, tax payer funded welfare cloaked in the guise of corporate bail outs and pay for congress who should be rejecting their raises. I didn't get one in the bad economy and I worked they surely don't deserve one, but not a peep out of them, well except for bachmann and her crazy.

MonkeyMo, Ol' Buddy -

You out-of-convenience history revisionists are a "knee-slappin' HOOT". Do a little more research Ol' Buddy and you'll discover that "Fast & Furious" is merely one of the operations that was a direct continuation and under the un-interrupted auspices of "Project Gunrunner" that was initiated by the ATF in 2006. Neither President Bush, nor President Obama initiated or administered either "Project Gunrunner" or "Fast & Furious". The 5-year long sting operation is the brainchild of the Bureau of ATF.

News Flash:

The Election is over!!

We lost - the black guy won.

It's time to get back to the business of healing up our Beloved Nation from the wounds of the Extremists - many who post here today.

Am I the only one who is put off by the fact that Newsvine has become the equivalent of a bunch of people standing around in a bar screaming at each other? So much of what I see here amounts to hit and run ranting, insults, screeds, put downs and juvenile attempts to score points.

We are all in this together, you know. Why can't we have a rational discussion about our differences and find a way forward?

Shosyn,

QED

@sheepled:

I put my faith in military and police personnel because they have been trained to handle weapons safely, have been trained in combat tactics, and have passed extensive certification and psychological evaluations before being entrusted with weapons of war. Furthermore, their weapons are secured when not on duty. As for armed guards, I trust them when they have had similar training and background checks; I do not trust security guards who do not have such training and do not believe that they should carry a gun.

In other words, professional security is just that-- professional. The average Yee-Haw is not. So, yeah... Yee-Haws should not have access to the weapons of war. Comprende?

Now go ahead and give me some exception involving a stupid cop, soldier, or whatever to dodge the point.

I can't believe that some of you still believe what comes out this admins mouth. Don't any of you go beyond the surface? It is not hard to google or what ever to find all the real information. Yes some of it is false but most of is not. Example the wind credit thing, it was set to expire 12/31/2012 at 12:00 or there abouts and yet is was said that jobs were lost because the other party took them away, if you would have dug deeper you would have seen the truth and that is only one thing, there are others that are on the table to brought before BO and the congress now and we are only getting the surface. Dig deeper to find the truth.

poor libs with their pitchforks and torches.

Obama controls your mind now, forcing you to be divisive and spew rhetoric at the level of a first grader?

forced? nah but he has created an environment for it that is for sure. I love the tried and true method of discussion. calling someone stupid, argument won. See Seeking for exhibit A

Obama's second term?

Well, everyone will be forced to drive hybrid cars, have at least one abortion and get gay married. "In God We Trust" will be turned to "In Allah We Trust". Tacos will be named the "National Food", and all rich people will be pushed out of planes and used as "human bombs" in order to destroy churches and multinational corporations.

Duh.

sounds about right in a metaphoric sense. Nah Sarah we will enter another 4 year golden age of prosperity and equallity.

Caesar,

Seriously, man up. People were rude before, they'll be rude after. How exactly did he create the environment? Did he issue some edict that everyone must not get along? No, WE'VE created the environment, because WE'RE the ones being rude.

I thought your party was supposed to be the one of "personal responsibility".

Man up? speaking of rude. anyways he's the great uniter (Peace Prize) you explain it. Perhaps you can default to the we're scared of the 'angry black man' in the 'white house'.

I thought your party was supposed to be the one of "personal responsibility".

there's your problem you were assuming (under the guise of thinking). I never said i was party to any party.

Caesar,

No, I'm defaulting to the 24 hour news cycle and anonymity of the internet. Fear mongering, partisanship and exclusion/inclusion sell, and the anonymity of the internet makes it easy and safe to treat people poorly.

Of course, who buys into all that and does all that, oh yes, US. Perhaps you're comfortable trying to escape responsibility for your rudeness by blaming it on Obama, but face it, he ain't holding a gun to your head telling you what to type.

It must suck to be so easily controlled.

sounds about right in a metaphoric sense

Whose? I would check the marble for cracks Parker.

Perhaps you're comfortable trying to escape responsibility for your rudeness by blaming it on Obama, but face it, he ain't holding a gun to your head telling you what to type.

yet you deny that US are more rude divisve then ever. Just saying the Old Peace Prize winner would have a POSITIVE influence over our behavior. you know leading by example.. silly me. You figure with Obama's awesome policies the nation would unite and find harmony. again silly me. time to put that tinfoil back on and grip my guns and bible.

for the record im always accountable for my vile actions.

I never said we weren't more rude. We are. I'm saying it's neither Obama's fault, nor his responsibility to make sure we aren't. He's not our dad, he's our President.

jim-1455434

No wonder the polar ice caps are melting !! If he doesn't give his mouth a rest sometime soon .... they'll be wearing bikinis in Canada !!!

Soon? We only stop wearing them when it gets to about 20 below zero ... Celsius!

@Steve, I believe this is only his 3rd press conference

What many people fail to understand is that this situation is like one spouse (Congress) going out and spending money using a credit card (budgets and appropriations are created and approved by Congress) and then complaining because the spending they have already approved, which already exceeds the debt limit, actually gets spent, requiring additional borrowing to pay for what has already been spent.

Since all spending must come from Congress, they need to get rid of these arbitrary limits, or approve increases until they get their spending under control.

Deciding to default and shut down the government may sound wonderful the Tea Party people. However, they need to join reality and stop trying to destroy the world just to make a few very wealthy people happy.

"We are a deadbeat nation. We will default on our debt if we don't get our way."

--House Republicans

As the President presides over the government shutdown, he
had better not cut Social Security checks to vulnerable seniors first in order
to ensure government employee paychecks
for 100K per year jobs.

Sum Succubus

@sheepled:

I put my faith in military and police personnel because they have been trained to handle weapons safely, have been trained in combat tactics, and have passed extensive certification and psychological evaluations before being entrusted with weapons of war. Furthermore, their weapons are secured when not on duty. As for armed guards, I trust them when they have had similar training and background checks; I do not trust security guards who do not have such training and do not believe that they should carry a gun.

In other words, professional security is just that-- professional. The average Yee-Haw is not. So, yeah... Yee-Haws should not have access to the weapons of war. Comprende?

Now go ahead and give me some exception involving a stupid cop, soldier, or whatever to dodge the point.

REALLY SS... that's your position?

I am sure that the victims of the Fort Hood Shooter would be comforted by your position.

If you remember... The sole suspect is Nidal Malik Hasan, a 39-year-old U.S. Army Major serving as a psychiatrist.

So much for that!

:OP

Here again I remind the democrats that they have been in power more than the republicans and yet they blame the republicans for all the problems. Since 1945 the democrats have controlled the house, senate and presidency 11 times. Republicans have controlled the house, senate and presidency only 2 times. Yet all I here is about how the republican party is responsible for all of the problems that this country is facing. The reality is quite simple. Over the last 67 year the Democratic party has controlled the House for 52 years. The Democratic party has controlled the Senate for 46 years and they have controlled the presidency for 30 years. That means Republicans controlled the house for 15, the Senate for 21 and the presidency for 37. It is truly hard to imagine that we are the problem. So Post away Democrats because some of us truly recognize which party has been the spending party. All Spending bills must originate in the House.

I give up. Posters here should take a good long look in the mirror and hang your heads.

When your country needs you all you can think of is to insult each other and our leaders. That's so very constructive. I have not seen one positive suggestion in amongst today's drivel. Kindergarteners could do a better job of holding a rational discussion.

Obama chides the GOP...Lol what else is new,he has been blaming others and using scapegoats even in his own party to TRY and fool America...At least the 49% that did not vote for the blamer & spender King O, are very aware of the bowl of BS he is serving,The Azz even used the analogy of Congress holding a gun to the heads of Americans if he doesent get his free pass to spend spend spend,Pay the bills my Azz,Not all of us are Morons Mr.Obama,how bout we stop paying you and your Administration instead of threatening SS and military checks,same lie they throw out every time,the kids will starve,they want old people in the streets,Abortion will be banned blah blah BS,same crap different day.

Yes, we are not a deadbeat nation... we are a shopaholic nation on the way to bankruptcy.

Q22

If raising the debt ceiling is so important and would have such catastrophic consequences if not done then why not agree to trim some spending in order to get it done? Seems to me the country would be twice the winner with a debt ceiling extension and some reasonable spending curbs.

Oh yeah...Obama doesn't want any spending cuts - only spending increases. It's Barack "My way or the highway" Obama.

So you are suggesting that the same people who sit down and vote on spending to send to the president in the form of bills should actually review what they're looking at and how much money they are spending? That sounds almost crazy enough to work. Rather than negotiating cutting expenses perhaps they should actually just cut them. You don't need the President to do that, you just need to come together and figure it out, vote on it and get it to him for a signature.

Congress has it made. Spend all they want, and when the time comes to pay the bill, pitch the blame elsewhere. House can blame the Senate, Senate can blame the House, the people blame the President and the cycle continues.

Don't forget to let them vote on their payraise this cycle, after all, we're paying for it. We may be running out of bread so here is a circus to entertain you.

Whose? I would check the marble for cracks Parker.

In this economy I've had to downgrade to Granite. sorry Ikarus. hope you had a good weekend

Reckless vs Responsible. History will note Obama as which?

He'll use the rhetoric that we have to pay our bills, meanwhile he will use the debt limit to spend more on entitlements instead of getting government spending under control. Make absolutely no mistake Obama wants BIG BIG BIG government. He believes government is the only way to do anything... Government is about power hungry politicians and not America. Even though the snake oil salesmen will say its about you every chance they get.

History shows he is wrong and history will show him to be the fool he is...

I put my faith in military and police personnel because they have been trained to handle weapons safely, have been trained in combat tactics, and have passed extensive certification and psychological evaluations before being entrusted with weapons of war. Furthermore, their weapons are secured when not on duty. As for armed guards, I trust them when they have had similar training and background checks; I do not trust security guards who do not have such training and do not believe that they should carry a gun.

In other words, professional security is just that-- professional. The average Yee-Haw is not. So, yeah... Yee-Haws should not have access to the weapons of war. Comprende?

Now go ahead and give me some exception involving a stupid cop, soldier, or whatever to dodge the point.

With the exception of SWAT teams, peace officers and professional security don't carry weapons of war. You're confusing fully automatic weapons (an actual weapon of war) with semi-automatic weapons (one squeeze, one round) that look like military weapons.

Let's say the military looking weapons are banned; do you think it will stop the gun violence, considering the military style semi-auto weapons are just a small subset of ALL semi-automatic weapons? One other consideration, with minimal delay, a small clip can be replaced and firing nearly a quick as a 30 round clip. It doesn't appear banning a weapon from legal, law abiding gun owners will really change anything. The semi-auto will still be available. It will just look like a regular rifle, handgun or shotgun.

Read this you traitors on the LEFT!! The liberal media have spent 12 years feeling sorry for Al Gore.The Man Who Should Have Won in 2000 has had megatons of positive publicity dumped on him, hailing him as the “Goracle.” They cheered as leftists honored him with the Nobel Peace Prize and gave an Oscar to his filmed eco-sermon “An Inconvenient Truth.”

So when Gore sold his left-wing cable channel Current TV to Al-Jazeera for $500 million, where were they? Despite the fact that conservatives thought the deal sounded like a ridiculous April Fools joke, the networks had nearly nothing to say. ABC skipped it entirely. CBS and NBC offered a perfunctory sentence on a couple of newscasts.

These networks might argue this was not an Earth-shattering business event given the puny size of Current’s audience, which is true.

At about 42,000 viewers in prime time, the nationwide audience could fit inside the Washington Redskins’ Fedex Field, and still leave the stadium half-empty.

It’s about one-fiftieth of the audience TLC gets with “Honey Boo Boo.” Of about 96 cable channels that are publicly rated by Nielsen, 93 of them have higher ratings than Current. It is a Nothing Network.

But the controversy is not about ratings. It’s about one network selling itself to another best known for vicious anti-American propaganda. Al-Jazeera is not buying Current for the potential profits. Surely, they’ll shut the old channel down. They want the cable slots to push their poison in American homes.

In 2006, CNN’s Frank Sesno interviewed Al-Jazeera talk show host Riz Khan and asked if the terrorist group Hamas should be designated as a terrorist organization. “I’m not one to judge,” Khan replied. What about Hezbollah? Khan answered: “Same thing, you know, I'm not going to judge.”

There are other signs of disturbing pro-Islamist bias. In the midst of the “Arab Spring” celebrations in Cairo’s Tahrir Square on February 11, 2011, some 200 men sexually assaulted CBS correspondent Lara Logan.

Al-Jazeera English, which was credited by Hillary Clinton and other liberals for its ubiquitous coverage of the uprising, deliberately ignored the assault on Logan.

When they were called out by Washington Post columnist Jonathan Capehart, Al-Jazeera English publicist responded that the network “believes as a general rule” that journalists “are not the story.”

Capehart then noted that just days before, al-Jazeera touted a story on how “Domestic and foreign journalists have come under siege amid the turmoil in Egypt.”

Then there’s the case of honoring Lebanese terrorist Samir Kuntar. In 1979, Kuntar was imprisoned for shooting an Israeli civilian in front of the Israeli’s four-year-old daughter and then bashing in the little girl’s head with his rifle.

In 2008, Al-Jazeera in Qatar threw a televised birthday party for Kuntar, then newly released in a prisoner exchange. An Al-Jazeera interviewer told Kuntar, “You deserve even more than this,” then brought out cake and sparklers.

The cake had pictures on it, and Kuntar declared the “most beautiful picture” on the cake was of Hassan Nasrallah, the leader of Hezbollah. “There cannot be anything more beautiful,” he proclaimed.

Al Gore could see nothing but positive qualities in his buyer, putting out a shameless statement that claimed, “Al-Jazeera, like Current, believes that facts and truth lead to a better understanding of the world around us.”

Gore rebuffed an offer from conservative radio/TV personality Glenn Beck to buy Current TV. Beck was told, “The legacy of who the network goes to is important to us and we are sensitive to networks not aligned with our point of view.”

Beck is not aligned with the Gore viewpoint, and yet Al-Jazeera is? Al Gore, too, would celebrate a child-murdering terrorist with a birthday cake? Why isn’t this alignment controversial or newsworthy?

Then the story gets worse. While Beck told his listeners he was rejected within minutes, Gore became a lobbyist for Al-Jazeera.

New York Times media reporter Brian Stelter revealed that to preserve the deal and his big payout, Gore went to some of cable distributors looking for an excuse to drop the low-rated channel, “and reminded them that their contracts with Current TV called it a news channel.

Were the distributors going to say that an American version of Al Jazeera didn't qualify, possibly invoking ugly stereotypes of the Middle Eastern news giant?”

So dropping Al-Jazeera became anti-“news,” anti-Arab, and Islamophobic.

But the networks won’t breathe a word about Beck, and never allowed a conservative or a critic of radical Islam to offer any criticism of either Al Gore the super-rich sellout, or his terror-enabling buyer. None dares express horror that the man who was almost president on 9/11 was allying himself with Al-Qaeda’s video jukebox.

I still havent heard from anybody who blindly supports the president on how, with over $16 trillion in debt and another $100 Trillion owed entitlements to Americans via Social Security and Medicaid, how borrowing more money from China is a GOOD thing. Come one democrats, enlighten me.....

As the President presides over the government shutdown, he
had better not cut Social Security checks to vulnerable seniors first in order
to ensure government employee paychecks
for 100K per year jobs.

In reality we wouldnt default if the debt ceiling is not raise. Obama was wrong on that we would still be able to pay what we owed. If we dont raise the debt ceilng then we would have to priotizie who gets paid so I would think that ss and vets would still get their money.

Obama is the most divisive failure in the history of the Presidency, and will go down in history not only as the first "African American President", but also an unaccomplished attacker of the Constitution. It will most likely be blamed on by partisanship, but the truth is, a great leader could overcome this. Instead his showmanship and race instilled pride, overshadows any leadership skills he may have.

Ok, I've got to say it: There are some of the most asinine Republicans here on this vine............

BTW, ToxicChemist, borrowing from China is better than to default on the US debt. The problem is that people like you can't think that thru. Instead, you are so fixated on blaming someone else for our problems when it is people like you who are really to blame. Republican right-wingers have the opportunity to mess with someone (the President) and don't care what the fallout is. Right now, the Republicans have lost the faith of the American public so they don't care who they hurt as long as they can screw with the Democrats.

Typical losers......

Well that was a pleasant press conference. The final blame Republicans excuse fest. Nothing like Obama touting once again the 1.2 trillion in spending cuts he has already done, even though our annual deficits have never come down. Must be magic cuts in spending, because they so far have yet to appear. 4 trillion in deficit reduction over 10 years is what Obama calls responsible, even when the nation will still add 8 trillion to our national debt during that time frame. Assuming of course that everyone that comes after Obama adheres to his plan, which basically does nothing until after he leaves office. I don't know how Obama can even pretend to care about our debt or deficits when his own party hasn't passed a budget in 4 years. Just blame and excuses, in other words typical Obama.

He lectures Republicans about not raising the debt ceiling yet he, as a Senator, voted against raising the debt ceiling several times under President Bush. President Obama, can you spell hypocrite?

Dirp stated "....(budgets and appropriations are created and approved by Congress)..." you are partly right, now the Senate refuses to write, or approve any FY Budget even as the House has every year. As for appropriations bills they are written by the House and approved by the House and Senate. That hasn't happened, because of the Senate, much in the past 4 years. Also remember not ONE CENT can be spent UNTIL the PRESIDENT signs the bill into law. So there is plenty of blame to go around. If the President doesn't like the spending bills approved by Congress, he does not have to sign them into law, he can veto them.

Sam627556

Gee, every dead beat Republican is out Crying, Whining and Bitching like they do every day, these morons can't be employeed they are here every single day, talk about a bunch of useless people, GET A JOB you free loaders.

As Sam sets and whines and bitches. I guess he is unemployed also?? No probably on welfare! Talk about useless and worthless...look in the mirrow libby!!

Between the Bush and Obama Administration the debt has risen from 5+ trillion to 16+ trillion. You can debate til the cows come home who is responsible for it and both sides like to cherry pick their half truths for this, but they're both responsible for it. And in just a short period (12 years) the debt has become out of control.. spending is out of control... so to extend this spending frenzy by keep increasing our debt limit is a joke. Between the two administrations they have made this into the issue that it is. The total failure of leadership from Obama Administration not to make this top priority as soon as he took office in 2009 and additionally pushing for more spending (i.e. Obamacare) was incompetent. Bush is no longer in office and for Obama Administration, our Senators and Congressman to push the can down the road now is negligent.

How much debt is enough? We are at the point by adding more debt, we, as a country will not survive. I don't want any more debt. Stop spending our Country into destruction Mr. President, Senators and Congressman.

Wildcard-781265

“The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation.”

Sheeeez, a statement like that from a man who borrows and spends like there is no tomorrow, plus he forgot to mention the fact that HE is the one who had over 8 hundred billion printed up, and has already tripled out national debt.

This clown needs a big red nose and a little makeup so he looks like what he is.

This is just one example of many of you who seem not to recall how this works. The president doesn't set spending levels. (The closest thing there is to an exception to this Constitutional principle is when a president leads us into, and then can't get us out of, a war of choice.)

Oh, and that debt ceiling debate in 2006? Let's see, we were in a period of sustained growth in GDP, but we were fighting two wars simultaneously (at least one purely a war of choice) at the same time that we were cutting taxes. The fact that we needed to increase the debt ceiling when the economy was growing truly was indicative of a failure of leadership. The first shoe of Keynesian economics is that government should use deficit spending to pull out of economic downturns. The second shoe, of course, is that government should use good economic times to balance the budget.

Compare that to today. We've ended one war and we're winding down the other. Congress grudgingly allowed some tax cuts to expire, but we're still recovering from the worst economic downturn in a generation. If Congress won't balance the budget because it's so hard to do in the current economy, then at a minimum we should expect it to pay the bills it has already incurred.

Those who would threaten economic mayhem (i.e., the catastrophic consequences of a U.S. default) as a political ploy to get future spending cuts are economic terrorists. Obama is right to refuse to negotiate with them on their terms.

Another press conference... he'll be the only president in history that had to have his teeth capped due to wind erosion.....

TO: Bryan-2475629 who wrote:

"all you libtards were and still are dumb enough to believe anything the idiot in the white house says LOL..."

The last time we were lied to by the White House was when Republicans occupied it, and Republicans have been lying non-stop ever since.

TO: Common Sense Mike who wrote:

...the welfare and food stamp rolls growing at a record pace..."

So, you haven't read a newspaper in about 3 or 4 years?

Sarah Palin, is that you?

AnotherMiddleClass

Obama is all talk about Gun control but Democratic Senators are afraid of the millions of votes they may loose and will not risk the all important vote on such a toxic topic.

I am still not going to go out and buy a gun but last month was a record sale of fire arms.

Jesus, give it a @!$%#ing rest already. 10,000 gun control articles on Newsvine and yet you've gotta drag that same bull@!$%# into the debt ceiling discussion.

Grow up.

Obama chides GOP on debt limit: 'We are not a deadbeat nation'

ROTFLMAO!!!!!

Not only are we a deadbeat nation, it's run by a deadbeat president!

We have not passed a budget for 1,356 days. Yet Barrack Hussein claims he has already cut $2.5 trillion in spending. In what? Prove it? Don't bother, none of it is real. It's just more Washington fuzzy math about cutting the rate of growth in already bloated budgets in the future.

We have added a record $5.2 trillion to a record $16.4 trillion National Debt in 4 years. It is projected to exceed $22 trillion by 2017!

We have burned through $2.1 trillion that we raised the debt ceiling by just 16 months ago, that's over $131 billion EVERY MONTH or $1.575 TRILLION A YEAR!!!!!

The Fed has been inflating our dollar into oblivion with QE1, QE2, QE3 and now another $40 billion a month thinly veiled as some nonsensical "twist" monetary vehicle. Last week the Fed even questioned its own direction and whether this massive monetization of debt has even worked. QE simply enriches the banks and corporations creating a monetized stock market that must collapse.

The Federal Reserves balance sheet has exploded from $800 billion to over $2.6 trillion.

Our Unfunded Liabilities are skyrocketing over $122 trillion. It is projected to exceed $150 trillion in 4 years!

States are teetering on the brink of bankruptcy on the back of over $4 trillion in unfunded pension liabilities.

The Student Loan debt has ballooned to over $1 trillion, most of it will be defaulted on as there are no jobs for recent graduates.

Unemployment is still over 7.8%, when you add the under-employed the rate jumps to over 14%. Minority and new graduate unemployment rates are at record levels.

More than 17 million Americans have been displaced from their homes via more than 6 million home foreclosures since 2007. One in four American homeowners were still "under water" or owed more than their homes were worth in the fourth quarter of 2012. The crisis has wiped out some $7 trillion in U.S. household wealth.

We have dramatic and significant systemic defects. Reforms to trade, taxation, regulation, energy and education have been ignored for decades. Our social safety nets are straining under the weight of waste, fraud, abuse and corruption in our bloated bureaucracy called government.

We will be downgraded again because of Barrack Hussein and the Senates intransigence, just as we saw last year. This will not prevent him from continuing his statist driven social and economic justice nonsense.

Correcting this mess will take real leadership, something we haven’t seen from this administration. When leadership is based on class warfare and envy promotion against the productive and successful the only result can be collapse.

Our economy can be corrected, unfortunately it will require Draconian austerity measures. However, the indoctrinated unwashed masses have proven they will never allow that to happen.

We have become a 50/50 nation. The country is roughly divided 50/50, the people that work for a living verses those that vote for a living.

This is the result of a century of Liberalism and Progressivism.

God Bless and save America, it may be our only real hope for change.

Lets see who said these things...

I will have the most open addministration. bozo lie.

I will cut the debt in half my first term. bozo lie.

I will have no lobbiest in my administration. bozo lie.

If you make under $$$ you will not see your taxes go up one dime. bozo lie

I will unite America. bozo lie.

I will fundamentally CHANGE AMERICA. DING DING DING...TRUTH and it hurts!!!

Take that unamerican girl!!

if "true texan" is representative of the stupidity of Texas, then I vote that the idiots secede

Obama: "We are not a deadbeat nation."

Surely this explains why we have a six and a half trillion dollar deficit and almost half of Americans are on the doles. Thanks for the clarification, Mr. President.

/sarc off

• Per-person revenue (taxation) in real 2102 dollars - 1970: $5911.81
• Per-person revenue (taxation) in real 2102 dollars - 2012: $7859.28 (INCREASE of 33%)
• Per-person spending in real 2102 dollars - 1970: $6098.93
• Per-person spending in real 2102 dollars - 2012: $12,083.00!!!

Figure it out folks. With all of Obama's disingenuous talk about "balance", we got into this mess by uncontrolled spending by a government with the self-control of a 6 year-old in FAO Schwartz with their parent's American Express Black Card. Note that per person revenue has INCREASED over the past 40+ years (mostly paid for by those nasty "rich" people). Revenue is not the problem, SPENDING IS THE PROBLEM!!!

Also a problem is we have a President that does not take this seriously AT ALL. In fact it seems to be a joke to him. He can say that we don't need a balanced budget amendment to the constitution, but let's get real...we obviously do, and fast!

If anyone would know about being a deadbeat Barry Soetoro would.

Obama chides GOP on debt limit: 'We are not a deadbeat nation'

Seems like an odd comment from the deadbeat Empty Suit

"2102 dollars"?

are you a fortune teller?

Yet the Republicans run the companies and the democraps are the unskilled labor that the companies no longer need since more skilled labor can be found in any thrid world country.

and the intelectually,morally, and ethically bankrupt republicans are the ones that want to eliminate education and have already declared "holy war on science" (paul broun)so they can force more Americans into the gutter and pay some third world country to make their money instead.

it is definitely the republicans that are destroying this country, and your comment only proves it

I really want the one party voters here on First Read to pay $2000 a month or 2% of their income a month, whichever is higher, until they actually learn how to think about how their opponents have some good ideas too.

Communist leftists who pretend to not want one party in America and Muslim righties who also pretend not to want Sharia law in America should have to pay for being such uncompromising *ssh*les in personal dollars, and a lot of them.

I'll be happy to pay while the non-thinkers suffer myself. Anything to get their other half of a brain to work.

"Obama said that interest rates would rise, and checks to Social Security beneficiaries and military veterans would cease."

Is Obama REALLY saying that he will make the loan payments to China and Japan, but he will NOT make the loan payments to the millions of Seniors that have loaned the government almost $3 Trillion?

Interesting priorities.

The Republicans should say "We will pay all of our current obligations (money already committed) for the next 30 days, and leave enough money to pay seniors and the military, but unless Obama cuts spending, we will not authorize any spending beyond what we take in after that."

Obama actually had the coconuts to say "we are not a deadbeat nation"?

Ok, let's look at his financial integrity. We bring in about $2.4 Trillion a year in tax revenue and he is spending about $3.5 Trillion. That means he is spending about 48% MORE than he has available.

So let's compare to a family. Let's say your next door neighbor makes $50,000 a year (and let's falsely assume they don't pay taxes so have the entire amount to spend) but spending about $74,000 a year (about the same percentage as Obama). That means a deficit of about $24,000 a year. So in the last four years they have borrowed nearly TWICE what they have available to spend.

Now Capital One calls the neighbor to tell them their credit card has reached its limit and the family requests that the spending limit be increased. Capital One asks the family "so what are you doing to reduce the need to borrow in the future" and the neighbor says "nothing". So Capital One says "sorry, if you don't have a plan to reduce your spending we don't feel comfortable letting you borrow more money" and your neighbor says "I am not a deadbeat!!! I pay my bills!! I just need a bigger credit line to MAKE those payments!!".

Sorry, your neighbor IS a deadbeat. Your neighbor IS irresponsible. Your neighbor has an unsustainable addiction to spending and Capital One has every RIGHT to tell this family "no more money until you come up with a budget and a plan on how to pay us back".

We the people are asking our government the SAME question. To NOT ask the question would be irresponsible. Give us a plan. Give us a budget (haven't had one in FOUR years!!). Otherwise no more money.

Muslim righties who also pretend not to want Sharia law in America

you must mean the fake christian righties that want to impose "christian sharia law" on America

It seems fashionable to 'Blame the Republicans', but at what point do we stop ignoring our Deficit problem and start making the tough choices on spending - When the Debt hits $20 Trillion?, when it hits $30 Trillion?, when it hits $40 Trillion?

Obama got huge tax increases from the Republicans in return for NO SPENDING CUTS. Where is the "Balance"?

Iseeconfusedpeople

if "true texan" is representative of the stupidity of Texas, then I vote that the idiots secede.

GOD, I WISH WE WOULD!! BTW, is that all you have? Really, thats it?? Nice rebuttal to the FACTS! OH, sorry you didnt actually research anything did you. Thought not. Carry on libby you just show the liberal stupidity so dont let me stand in your way.

Ok, people, where exactly do we cut? Cutting food stamps is temporary, depending on the economy. Same with unemployment. So, where do we cut the REAL long-term spending?

thinkstraight,

The sad thing from reading the posts I would say that Obama's biggest legacy is going to be increasing racism, we have back peddled to the 1950 in that respect if not worse, I look for a race war at the rate things are going and that is sad.

Stop your racism and hate thinkstraight. Only a hater racist would think that disagreeing with someone of color constitutes racism. You have belittled and marginalized the President by saying he is less than a man. Stop your ignorant racism and hatred.

TO: truetexan who wrote:

"Lets see who said these things...If you make under $$$ you will not see your taxes go up one dime...Take that unamerican girl!!"

Your taxes didn't go up. If you will recall (which I'm convinced that Republicans don't have any memory and are constant victims of amnesia), we were on a "tax holiday" to give workers more money to put in their pockets.

That "tax holiday" ended January 1, 2013.

I don't know why I just explained that to you when I know you'll forget it again in the next 5 minutes.

I really feel sorry for Republicans who have been lied to so much by the GOP you can't understand when someone is telling you the truth.

unamerican girl, you ignored my post. I would expect that from a lib.

"It would be a self-inflicted wound on the economy. It would slow down our growth, might tip us into recession. And ironically it would probably increase our deficit," Obama said of the risk of default. "So to even entertain the idea of this happening, of the United States of America not paying its bills, is irresponsible. It's absurd."

But continuing to run up $Trillion dollar Deficits from excessive spending is "RESPONSIBLE"?

Here's the ironic part - The very young (inexperienced) people who voted for Obama (again) are the very same ones that will suffer from the huge Debt burden (a) that they are inheriting. Perhaps we might call that 'Retribution'. lol

(a) - Hint - when Greece's Debt got to about 120% of GDP (Debt Ratio), their lenders stopped making loans, and the result is EXTREME austerity and 30% Unemployment. Under Clinton and Bush, the Debt Ratio averaged only about 64%. It is now at 107% of GDP, and in 2016, it is projected to be 120% of GDP. Congratulations.

Thank goodness in 2014 we can vote the Party of No out of Congress and start to move in a positive direction more quickly in America. The Republican Party is a dying dinosaur near extinction and it will be good riddance to them and the Tea Party.

I wish the President could run for a third term, but hopefully we will have another strong candidate from the Democratic or Independent Parties follow.

ROY WILSON-336103

“It would be a self-inflicted wound on the economy. It would slow down our growth, might tip us into recession. And ironically it would probably increase our deficit,” Obama said of the risk of default. “So to even entertain the idea of this happening, of the United States of America not paying its bills, is irresponsible. It's absurd.”

But continuing to tun up $Trillion dollar Deficits from excessive spending is "RESPONSIBLE"?

Here's the ironic part - The very young (inexperienced) people who voted for Obama (again) are the very same ones that will suffer from the huge Debt burden that they are inheriting. Perhaps we might call that 'Retribution'. lol

Hi Roy, hope your moving plans are going along well. Costa Rica is beautiful this time of year... then again, it's beautiful almost all year. :)

I'll agree with the mass of your statment. The issue I keep having is that the House and the Senate are addicted to spending money but we have both sides saying "Oh, but we need to control our spending" and both sides being unwilling to do it, or at least, unwilling to do it at the same time.

My auestion is "How are you going to do that?". The House and Senate are agreeing to spend money and put bills down to be signed by the President, many including spending. If this is the case, why isn't the House on a tighter spending holiday if spending is the largest issue they are fighting against? To me, the talk is cheap and even if they only approve small amount of spending requested by the Senate in addition to their own, they are still letting too much through.

I believe that we need to have balance, and the deal that was accepted in terms of a tax stagnation on the middle (with the exception of payroll taxes) and taxes being raised on the higher earning incomes without tax cuts isn't fiscally sound. Neither party right now in my mind has a leg to stand on in terms of being fiscally sound.

Silverton,

I'm not a fan of term limits, but as for the presidency it's not so bad, because charismatic people do not make good presidents.

Worse yet, people who fall for charismatic leaders probably shouldn't be listened to either.

Reading this one has been a real chuckle-fest.

President Obama has said he will not negotiate over raising the debt ceiling, and I believe him. If the Republicans want to crash the economy and add to our debt and deficit out of sheer butt-headedness - that's up to them (and on them). Personally, I doubt even they are that stupid.

roadkill

Ok, people, where exactly do we cut?

Answer, everyone needs to share. We have already shafted the middle class and are soaking the rich, how about those who are receiving accept a little less?

Part of the reason food stamps is so big is because the qualifications were expanded.

Part of the reason social security is draining more is because of the nice little add-ons over the year without increasing the revenue to match the drain on it.

We are beyond the point of taxing and regulating to much. Based on the historic reactions to tax increase and revenue raising (capping deductions) we will see a hit in about 5 more months.

As a senator in 2006 Obama voted unconditionally against raising the debt ceiling and said being asked to do that "was evidence of failed leadership". He also denounced passing on enormous debt to our children. This guy is the biggest B.S. spouting hyprocrit in political history and still does not grasp the difference between being elected president and being annointed king. Maybe Biden should be put in charge of getting things done since he seems to understand the two party political system and Obama can just focus on perpetual campaigning, TV interviews with Oprah, pompous empty speeches, and Hawaiian affairs.

BoBo the clown has honestly lost his mind. While a Senator he voted AGAINST raising the debt ceiling because racking up debt to china was irresponsible and unpatriotic....

Now it is the only thing he has successfully done in four years aside from socializing medicine...

The left want the tax levels from the Clinton era, then we should go back to spending levels of that era as well....

STOP SPENDING OUR FUTURE!!!

So just who are the deadbeats in America? Republicons are!

27 of the 32 states that take more than they give are red states.

14 of the 18 states that give more to America than they get back are blue states.

It is us hard working tax paying Democrats who are supporting you deadbet republicons.

Now in typical deadbeat fashion you republicons want to default on money you have already VOTED to spend. What a bunch of liars and cheats.

Red State Socialism | Flickr - Photo Sharing!

G-dog, We can go belly up now by choice or later when its to late to fix things but either way I live in TEXAS and wont give a rats a$$ when we secede from you losers. WE dont need you. WE have it all right here so go ahead and follow bozo and the other socialist and see where it gets you. HINT: in the poor house.

@diklkit, HAHAHAHAHAHAHA!!! You reallllly are that stupid arent you!! HAHAHAHAHAHAHAHA!!!!

this is the way he handles things, did anyone expect anything different ?

throw the hands in the air and yell, "what happened ?"

just more of the same B.S.

Judging from the comments here it's plain to see why Obama wouldn't want to negotiate with any Republican (and make them look like fools in the process).

Looks like Republicans haven't learned a thing from the election. They continue to double-down on the same ideas that got them beat bad. Then Republicans then say it's their "messaging" that's the problem.....LMAO

And Republicans came into (some) power in 2010 to fix things?..........great job.

“The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation.”

Hmmm. Interesting topic for debate. If you pay your bills with money you can never hope to repay, are you a deadbeat? Seems like to me the government is becoming a big ponzi scheme. They pay one bill buy borrowing money from someone to pay it, then they pay THAT person off by borrowing from someone else, and so forth and so on. And like every other ponzi operation, it eventually topples under its own weight (as will this)....

I say we are on our way to becoming the hugest deadbeat nation the planet has ever seen.

Repojam "Hi Roy, I'll agree with the mass of your statment. The issue I keep having is that the House and the Senate are addicted to spending money but we have both sides saying "Oh, but we need to control our spending" and both sides being unwilling to do it, or at least, unwilling to do it at the same time."

Agreed. Nobody dares to address the REAL spending problem, which is 'Health Care' because it's so politically 'sensitive'. Few people realize it, but the ENTIRE Deficits (and then some) over the next 10 years are from Medicaid and Medicare. Here are some interesting facts (from Obama's 2013 Budget projections);

The projected Revenues for Medicare/Medicaid over the next 10 years are $2.823 Trillion.

The projected Costs for Medicare/Medicaid/Obamacare over the next 10 years are $11.134 Trillion.

That leaves a net Deficit in the Medicare/Medicaid/Obamacare programs of $8.311 Trillion, which is even greater than the total projected Federal Deficits of $6.684 Trillion over the next 10 years.

Representative Ryan (R-Wisc) dared to talk about it and even propose a Budget to address the issue, and he was assailed by the Democrats for 'trying to balance the Budget on the backs of the poor'. Part of the reason that Romney/Ryan lost to Obama/Biden.

While I have a problem with increasing the 'Nanny State' because it will be a disincentive to economic growth and overall prosperity, but if that's what the American voters want, then PAY FOR IT. Don't just keep borrowing the money and giving our children and grandchildren the bill.

And what's the cost? That health care Deficit of $8.311 Trillion over 10 years amounts to an average of about $$850 per MONTH in additional taxes for the average family of 4. That's the real COST, but nobody sees it because it's currently easy to just borrow the money from China. At some point, China will say 没有更多的钱 (No more money).

PS - The planned move to Costa Rica is going fine - just a few more weeks. Thanks for asking.

You say we lost the election but WHO still holds the purse strings? OH, thats right we won that one. Unless bozo continues to bypass the constitution that he SWORE to uphold. YEA, that was another lie wasnt it!

The House and Senate are agreeing to spend money and put bills down to be signed by the President, many including spending. If this is the case, why isn't the House on a tighter spending holiday if spending is the largest issue they are fighting against? To me, the talk is cheap and even if they only approve small amount of spending requested by the Senate in addition to their own, they are still letting too much through.

Excellent point. Instead of complaining about the President, why aren't you Republicons complaining about your own Party? You want to cut spending so much? Stop spending. Stop spending Billions of Hurricane Sandy when you had the chance instead of rolling over at the first sign of REPUBLICANS complaining about spending Billions on pork. You won't because you're really the big spenders.

Republicons....Stop talking and get some freggin work done for a change.

Anyone who has ever taken a class in economics knows that what Obama is saying is pure bs. There is no way we can default on our debt. None. Its smoke and mirrors. He is lying right through his teeth, and the liberal sheep go right along with comrade obama.

We will hit greece debt ratios in 3 to 4 years. No one seems to care.

If he wants to talk responsible, have him do the math on 20+ Trillion debt, right around the corner, and back to normal rates. See, we pay an EXTREMELY low rate now of 1.7%. When rates start up, and they will, anything near a historical 30 year average (4+%) and we will be paying 1 TRILLION a year just on interest. We take in about 2.5 Trillion, somewhere in that neighborhood. Thats almost 40% of every tax dollar JUST FOR INTEREST ON OUR DEBT, and its coming soon to a neighborhood near you. Add Medicare/Medicaid deficits and we aren't far from being totally hosed.

Think about that for awhile and then go explain to your kids and grandkids how our generation left them in such a terrible mess.

Truetexan: I agree with you. The liberals STILL continue to say "we won" but yet must beg Republicans to allow them their irresponsible behavior. Sounds to me like the liberals actually LOST!! So since the Republicans control the House maybe the response should be "you liberals LOST so just admit it. Do what we want or you get no money!!".

FYI, I am watching Texas close. If they were to secede I can relocate to Texas within 30 days. Maybe I should look for a nice 50 acre lot in preparation?? What I think is so funny is when liberals say things like "go ahead and secede and see how long you conservatives can last!!".

Funny thing is conservatives ALWAYS last because we are not afraid to WORK for a living. It is the liberals that can't last on their own by their own definition. Liberals need to spend OTHER people's money to survive and if the OTHER people leave - all you have left is a country that looks like Detroit.

Roadkill

Ok, people, where exactly do we cut? Cutting food stamps is temporary, depending on the economy. Same with unemployment. So, where do we cut the REAL long-term spending?

Surprisingly, you really don’t have to do any significant “cutting”, although Medicare/Medicaid and Social Security will need significant reform.

All we need to do is eliminate as much of the waste, fraud, abuse and corruption which permeates our criminal government. Such as:

Government auditors spent the past five years examining all federal programs and found that 22 percent of them–costing taxpayers a total of $123 billion annually–fail to show any positive impact on the populations they serve. (emphasis mine)

The federal government made at least $110 billion in improper payments in 2012.

Washington spends $92 billion on corporate welfare (excluding TARP) versus $71 billion on homeland security.

The Congressional Budget Office published a “Budget Options” series identifying more than $140 billion in potential spending cuts.

Examples from multiple Government Accountability Office (GAO) reports of wasteful duplication include 342 economic development programs; 130 programs serving the disabled; 130 programs serving at-risk youth; 90 early childhood development programs; 75 programs funding international education, cultural, and training exchange activities; and 72 safe water programs. This report identifies more than $100 billion to $200 billion in annual government spending on 1,500 different programs that are wasteful, duplicative, or inefficient.

A recent study by the Institute of Medicine shows health care fraud is estimated to cost taxpayers more than $750 billion annually.

Cumulatively this adds up to over $1.25 TRILLION annually of waste, fraud abuse and corruption. If we assume that 50% of these studies overlap we still end up with $625 billion of waste, fraud abuse and corruption (WFAC) every year.

That’s $6.25 trillion over 10 years.

But of course the easy solution, the Liberal/Progressive solution, is to just allow the government to keep stealing money from the hard working American people via taxes.

This is the pathetic part.

Let me know how Costa Rica is Roy, i may have to move there or Ecuador when we turn ourselves into a 3rd world country. LOL

We all knew Obama would do this. Its just that there are too many people he promised to make their lives better in order to obtain their vote.

Obama will NEVER address the amount of spending, because otherwise there would be nothing he do. All of his promises are based on future expenditures. Healthcare, more help for education, more gun control, etc. Too many people think he knows what he is doing when in fact all he is is a person using your credit card to buy himself things.

I believe we call that in this country " identity fraud".

Jim that was put up in the Senate when the duplication report came out to cut the duplicating programs. It was a Rep, don't remember which one, and Reid just tabled it..... no discussion .... nothing. Thats the problem, they won't cut ANYTHING.

Anyone who has ever taken a class in economics knows that what Obama is saying is pure bs. There is no way we can default on our debt. None. Its smoke and mirrors. He is lying right through his teeth, and the liberal sheep go right along with comrade obama.

Good, then keep on spending.................

I will try (for just a moment) to take "partisan" bickering out of the discussion and I'll tell you why we have a debt problem.

Medicare and Social Security alone take up nearly 70% of our tax revenue. That is unsustainable. Why? Because the programs were set up incorrectly to begin with. Nothing but a big Ponzi Scheme. But the MAIN reason is that our average life spans have increased so dramatically that we now have people on Medicare and Social Security for sometimes decades. Unsustainable.

For example: In 1940 (when Social Security payments could start) you could retire at 65. Do you know what the average life span was? 60 years old. That's right. Social Security was NEVER intended to be a retirement program and, on average, MOST would never get a Social Security check when started.

Do you know what the average life span is now? 80 YEARS OLD!! Great that we are living longer but now when people go on Social Security the AVERAGE participant will be collecting for over 10 years. Unsustainable. As bad as the system was set up it COULD have been saved 40 years ago if the age of which Social Security could be collected was adjusted each year based on average life spans. Quite honestly the age to collect Social Security should actually be high 70's or low 80's.

But so many have been "taught" that you are "entitled" to Social Security. Why? Shouldn't you be saving for your OWN retirement? But so many now expect it and to even have a rational discussion about the unsustainability of Social Security cause comments about "wanting elderly to die" and so on. That is not productive and simply sticking your head in the sand.

The sad part was this could have been fixed 25 years ago with such minor tinkering nobody would have really noticed. But we didn't and can't go back. So now the cuts must be MASSIVE or continue our road to financial collapse. And Medicare is even worse than the above summation of Social Security.

So we are destined for financial collapse and when this government continues to not even BLINK when discussion borrowing over a TRILLION every year that financial collapse is coming quicker than you could ever imagine (I have been preparing for the collapse for over 6 years. If you haven't prepared yet you don't have much time left).

It's all really very simple for the repubs. Create your budget and vote to approve it. You want to go back to pre-TARP and pre-Obama spending, then pass the damn bill. That means not funding Obamacare. Then sit back and tell people the truth. We don't have the money and we were elected to cut spending and that's what we're doing. Then let the dems squirm around demanding more spending, but don't give it to them. Remind people that the government will only be shut down if the dems don't pass the repubs bill, which, they should remind everyone, does continue to fund the government.

But, that won't happen because there doesn't appear to be anyone in the government that gives a damn about the country. Obama has been playing hardball to destroy the country. I know, the libs don't have any problem with the deficits. So, my suggestion is to help the economy and spend all your money and run up your credit cards and mortgage limits. If it's good enough for the government, then it's good enough for you.

“We are not a deadbeat nation”

There is nothing to suggest we aren’t. Four years of very little and now going around in circles, sinking in debt and no sign of leadership in the Oval Office certainly points to that. There is nothing smart about drowning our future generations in debt and driving the very people you purportedly represent to poverty.

Mr. President how about stopping the rhetoric and engage in real policies of curbing spending and balancing the budget!?

from thinkstraight-306257 (post #1.129)

As for raising the debt ceiling let me see if I am so far in debt that I cannot pay my bills should I call the credit card company and get a rate increase so I have more debt that I cannot pay?

Sorry, but this misrepresents the debt ceiling. The USA is NOT a household. and the federal budget is NOT comparable to a household budget, The reality is that increasing the debt ceiling is necessary, and does NOTHING to increase the National Debt. Understand? The Debt Ceiling and the National Debt are 2 completely different things. Raising the debt ceiling does NOT allow any increases in spending. It merely pays our bills.

Refusing to increase the Debt Limit is like calling the bank and refusing to pay your mortgage. You've already agreed to the debt, because you entered a mortgage contract. So you owe on the debt no matter what. Failing to increase the Debt Limit is like refusing to pay the debt you already legally owe.

Understand?

Nothing is worse than a Republican, the lowest form of scum on earth.

Mr. president, none of us would be a deadbeat if we only had some printing presses.

StoptheCannibals: Then keep on spending?

Let me explain what Mr. Burns was saying. A country that has its own currency CANNOT default because there is always the LAST resort of printing their own money to pay the bills. We could print $16 Trillion next month and pay just about EVERYTHING off. But the consequences would be devastating and irreversible.

Think about it this way: we have about $2 Trillion in currency in circulation now. Say we printed $2 Trillion more that means your "dollar" would now be worth HALF of that. Then we printed $2 Trillion more it would be worth half of that. And so on. After printing $16 Trillion your "dollar" would be worth about one third of a penny or, in easier language, worthless. This is called hyperinflation.

So it is a good thing we are not printing money now - right? Do you have any idea where we borrowed the trillion dollar deficit last year? China? No. Saudi Arabia? No. Citizens of the United States? No.

WE PRINTED IT!! That's right - the global markets ALREADY are not comfortable lending us money so the Federal Reserve is now printing $85 Billion a MONTH and using that money to buy Treasury Bonds. $85 Billion a month is over one year just over $1 Trillion printed a year. In other words we are printing money and lending it to ourselves. And you say "keep spending"?

We are literally months away from a financial collapse and we have so many uninformed voters they have no idea what is happening. I hope you have been preparing for the financial collapse because it is already in motion. Within 6 months to a year this economy will collapse if MASSIVE spending cuts do not occur and we stop printing money to pay our bills.

But so many uninformed voters have no idea and our government is too stupid to realize but we WILL collapse. The only question now is "when".

“We are not a deadbeat nation.”

"I will get us there, but we aren't there yet."

Mr. Burns, please explain how you come to the conclusion that the U.S. can't default on its debt. I think a whole lot of economists, ratings agencies, and bond traders disagree with you, as does virtually everyone in Congress (with the possible exception of Ron Paul).

miklkit:

"27 of the 32 states that take more than they give are red states.

14 of the 18 states that give more to America than they get back are blue states.

It is us hard working tax paying Democrats who are supporting you deadbet republicons."

And do you know why? Because certain red states (e.g. FL & AZ) have a disproportionately high % of retirees relative to blue states, due to better climates and lower costs of living. Take the retirees out of the equation, and the ratio flips. Blue states take substantially more in non-SS & Medicare govt benefits than red states. Try again.

Was there a Klan rally this morning that we didn't hear about?

Please, brainless little teabaggers, keep posting. We need the reminder of how completely thoughtless all of you are when we vote in 2014.

"Obama’s pronouncement all but ensures another incident of brinksmanship versus Republicans in Congress." Wrong, MSNBC. Any brinksmanship will be due to the Tea Baggers.

seeking sanity, and the rest of you die hard libbies,

please, do some fact checking. I know its easy to re-gurgitate lies that are handed to you every day, and spew them out- but just to point to seeking sanity. You point out that bun manufacturers run the NRA, and support it.

well, for an example, how many people did the Auto Ordnance corp. have working for it around 2000. This is a company that had been making the world famous Tommy Gun, and 1911 pistol. How many do you think, 100, 200, more?? Try 12. Firearms manufacturers arent like GM or Ford, they are pretty much a small business, that is trying to grow.

What really supports the NRA,? Over 4 million U.S. citizens, and growing. These people are comprised of Police Officers, Firefighters, Teachers, business people, students...and are every ethnic background you can think of. They all have one thing in common, they like freedom, and are responsible individuals. they value the Constitution....

and they really are "seeking sanity" from ignorant people who seem to have no conception of liberty.

"All Obama wants to do is spend, spend, spend."

The absolute ignorance among the right is astounding. Take a look at some REAL numbers and anyone with a brain can easily see who the big spenders are.

Increase in federal budgets by presidential terms.

Regan 1982 – 85 8.7%

Regan 1986- 89 4.9%

Bush 1990- 93 5.4%

Clinton 1994-97 3.2%

Clinton 1998-01 3.9%

Bush 43 2002 -05 7.3%

Bush 43 2006-09 8.1%

Obama 2010-13 1.4%

Since 1981, Republican presidents account for 33.4% increase in spending while Democrats account for 8.5%. And -- you have to go back to Hoover to find a president who has increased federal spending (adjusted for inflation) LESS that president Obama.

Don't believe me, check it out with Forbes Magazine which is not exactly a liberal publication.

http://www.forbes.com/sites/rickungar/2012/05/24/who-is-the-smallest-government-spender-since-eisenhower-would-you-believe-its-barack-obama/

Jim just fell off the turnip truck and bumped his little head.

Would you care to back up any of your "statements" with verifiable documentation, "jim"?

Do you think that if you keep regurgitating the same old nazi talking points, someone smarter and more literate than you are may actually believe you?

You call other ignorant and then, in the same sentence, massacre the English language with your "conception of liberty"?

Keep the "butthead" picture as a representation of who you are. Maybe, with some general education, you will one day be so smart.

Truly amazing that a topic such as the debt can be hijacked by those who can't grasp a topic for more than 30 seconds. Guns? Bengazi? That do they have to do with the subject at hand? I think that a 5 year old could continue a train of thought better than some of the adults here.

Shockedanddisgusted

Was there a Klan rally this morning that we didn't hear about?

HUH?????

You may have to check with Democrats on that one. You know, the ones that epitomize that pillar of the KKK, Kleagle and Exalted Cyclops, Robert Byrd (D-WV).

If not check with the Dems about your boy-toy segregationist George Wallace (D-AL), I'm sure they can help you there.

You little Teabaggee's need to stop being so insignificant.

Nice try Spanky.

teabaggee: (n) A liberal that likes to suck the testicles of Conservatives, Republicans or TEA Partiers. They usually ask for it by calling any of the above a "teabagger".

The Republican party is trying to feed our Nation with Cyanide, this party is overwhelming our country with nothing but grief !!!

It just seems that when a Republican is President the national debt is never an issue !!!

TO: truetexan who wrote:

"unamerican girl, you ignored my post. I would expect that from a lib."

No, I didn't, but that might not be a bad idea next time.

Just look over your head. You posted this (above) at 1.146.

My response to you is number 1.145.

TO: Roadkill who wrote:

"Ok, people, where exactly do we cut? Cutting food stamps is temporary, depending on the economy. Same with unemployment. So, where do we cut the REAL long-term spending?"

Republicans want our Social Security Retirement money, and they want to take away our Medicare, all of which we paid for in advance, all our working lives, and, by the way, we had no choice but to buy into it.

TO: Rob-523523 who wrote:

["27 of the 32 states that take more than they give are red states.

14 of the 18 states that give more to America than they get back are blue states.

It is us hard working tax paying Democrats who are supporting you deadbet republicons."]

And do you know why? Because certain red states (e.g. FL & AZ) have a disproportionately high % of retirees relative to blue states, due to better climates and lower costs of living. Take the retirees out of the equation, and the ratio flips. Blue states take substantially more in non-SS & Medicare govt benefits than red states..."

That's a lie and you know it.

How can people in Mississippi "retire" when they never even went to school, and the never worked?

Florida has a lot of retirees, but those retirees ain't hardly "broke".

I have a question: Why is it when we reach the debt ceiling, the FIRST thing the government threatens is withholding paychecks for the military and social security payments to retirees? Shouldn't CONGRESS's paychecks (at $175,000/YEAR EACH X 535 MEMBERS) be first on the list of payments we stop making?

Geez, you give the citizens putting their lives at risk, away from their families and old people waiting for their check to buy food and medicine the shaft and the WEALTHIEST among us get paid FIRST????? These same people who refuse to do their jobs and just make nasty comments about each other?

WHY aren't people rioting in the streets?

Sorry, Charlie! There are many little problems with your estimates of increases of budgets, but the worst is that Obama hasn't had a budget in the last 4 years! How do we really know how our (and I do mean OUR) money is being spent? There are four different kinds of liars in this world: Liars, Damned liars, politicians and government statiticians! You can take many different numbers and create lies to back your beliefs. For example: East Anglia and their famous "hockey stick" graph which dramatically overstated global warming. This is the favorite angle of libs to make up stats, lie that they are the smartest in the room, then reinforce the "big lie" over and over, again!

“You can all go to hell; I will go to Texas” - David Crockett

"Texas can make it without the United States, but the United States cannot make it without Texas!" -- Sam Houston, President of the Republic of Texas

"I shall never surrender or retreat." -- William Barrett Travis, the Alamo, 1836

"Come and take it" - Gonzales 1831

Charlie: Do you intentionally mislead or just totally unable to look at data?

You say Obama has only increased spending 1.3%? Are you that naive?

Let me explain: To the others who have the ability to comprehend and why you intentionally mislead them (or have no clue what you regurgitate).

The Federal Government fiscal year is from October to September. So, for example, the 2012 Fiscal Year did NOT end December 31st, 2012 it actually ended September 30, 2012.

So the 2008 Fiscal Year ended September 30th 2008 but since there are a few months left in the current administration it is traditional to actually count the NEXT fiscal year to the previous president. Therefore 2009 Fiscal year is counted against Bush - for consistency I am okay with that but to mislead because of it is irresponsible. Because in early 2009 the "stimulus" was passed for almost $1 Trillion. That was fiscal year 2009 and you liberals like to count that against Bush but is disengenuine.

But you liberals go one further. Since the stimulus was in 2009, and a budget for 2010 (or 2011 or 2012 or 2013) was done they have been using the SAME spending as 2009 as the benchmark. What does that mean? Basically Obama has been spending a new "stimulus" of nearly $1 Trillion every year since then. No, that is misleading. The stimulus should have been a "one time" spend and gone back to the original budget. THAT being the case since Obama has increased spending by $1 Trillion in 2010 he has INCREASED spending nearly 40%.

So stop with the 1.3% comment. It is intentionally misleading or, if you weren't aware, simply makes you look incompetent. But you ARE a liberal so the later may very well be the possible reason for your comment too.

i am still waiting for this hope and change thing... This is the same guy that said "Raising the debt ceiling is irresposible, its un-american" and thats when it was at around 8 trillion.. Now we are at 16 and its getting higher everyday?? as well as the people on foodstamps.. going up everyday.. is this hope?? is this change?? WTF people are you that blind?? he was supposed to fix the problem not make it worse.. STOP SPENDING thats all you have to do ... STOP SPENDING...

Short and too the point...WHERE IS THE BALANCE we heard about for the last 4 years ?

What a bunch of morons these Republican are. They are so stupid they don't even realize that Rupert Murdoch owns a percentage of Al Risala.

Rupert Murdoch is Partners with the Muslim Brotherhood

The news that Al Gore chose to sell his Current TV to Al Jazeera, which some think of as Muslim Brotherhood TV, recently has raised eyebrows. But what few people realize is that Fox chief Rupert Murdoch already co-owns what amounts to a Muslim Brotherhood channel in the Middle East.

The channel is Al Risala, which translates into “the (Islamic) message.” It was launched in 2006 by Saudi prince Talal bin Alwaleed, the nephew of the King of Saudi Arabia and a Murdoch business associate who also owns a 7 percent stake in Murdoch’s News Corp., the parent company of Fox News and other U.S. media outlets.

Read more at http://www.wnd.com/2013/01/gore-deal-follows-murdoch-into-arab-tv/#Q7eti8TFPhKIGgDX.99

TVoR;

Don't hold your breath. With the tax and spend crew hard at work the only thing you can expect is your great grand children to be born into $100,000 debt.

American Girl, (Not)

A little history lesson. FDR (D) set up S.S. as a volunteer system, not a tax. Only those who paid into it could draw from it. Your S.S. number was to be kept secret because in was you S.S. account number. And for decades it ran a billion dollar surplus, due largely to attrition, many died before drawing a dime from it. Eisenhower (R) borrowed millions from the trust to build the interstate system. He however, made them toll roads and repaid the system. LBJ (D) borrowed from S.S. for his war on poverty. And like all such programs, it failed miserably. however he put no mechanism in place to repay the money, i.e. he STOLE money that was not tax revenue, for programs it was never intended for. Realizing this, he converted to a tax, largely to avoid prosecution. Since it was ow a tax, everyone could draw from it, whether of not they had paid into it. It has been broke ever since and it was the DEMOCRATS that brought the only system conceived by government down that actually worked. Before LBJ, I would pay in a six percent, with a three percent employer match from Jan.1 to about May 15th and I was done for the year. After LBJ it was 6% all year and my account number was now, and remains a tax payer I.D. number.

Apparently you have been drinking far too much of the kool-aid. You see only what your masters tell you is true. You are oblivious to the evidence piling up over your head to the contrary. Years ago I wondered what Walter Cronkite meant when he coined the phrase the "Dumbing down of America". after reading your posts, it is painfully obvious.

“The president and his allies need to get serious about spending, and the debt-limit debate is the perfect time for it,” Senate Minority Leader Mitch McConnell, R-Ky., said in a statement. I wonder if McConnell and all the other republicans want to include in their wanted cuts ALL special interest money's..all of them...along with all of the pet projects all of congress comes up with that sometimes benefit themselves. Did anyone notice the bill that the house passed along with all of congress giving themselves better commerical flying benefits..yet want to cut anything and everything that involves the middle class and those on social security. MAybe what we really need to read is exactly wha they pass..not what they make big gripes about in the media. LEts also see if we can get social security taken out of all of the wealthy's checks..up to the last dollar including any kind of funds now left out or in a much lower tax bracket. Why should just the middle calss be paying social security on everything they make while the wealthy get a free ride over 100K ?

Reality Check-1104333

I need to hear two things:

• What happened in Benghazi?
• Why hasn't FEMA taken care of any of my friends in the Rockaways since Sandy?

• You missed the hearings...Google it.
• Since the Republicans control the House and all funding originates in the House, why don't you ask Boner why the went on recess without passing the funding?

It appears that the GOP likes the European parlimentary govt better than what the US Constitution laid out. The GOP wants a Prime Minister, completely beholden to the majority party in the House, rather than a strong executive, representing the people, not Congress, who should be allowed to select his cabinet based on his own desires - you know, like what the founding fathers created with the Constitution.

I wonder how that will work for them when (if ever) they regain the Presidency?

Stopthecannibals, We're going to be downgraded and there is nothing that can be done about that. What you are suggesting (borrowing more from China to avoid default) is like drilling a hole in your already leaking rowboat to drain the water out.

The only thing our "leaders" should be doing is cutting spending because we have no money.

Forget the Democrat vs Republican comparisons and focus on what is really going on. The nation is being taken “down the socialist path” and if anyone thinks that this is the way to go, you better think again.

I saw the images of socialists/communists lining the streets hanging down from the power poles during the Hungarian uprising in 1956, I’ll never forget it. The hatred for socialists throughout Eastern Europe was indescribable. Leveling the playing field strategies (President Obama’s favorite topic) were wildly used by socialists there and as a result, to date, their people and their economies have never recovered from the years of socialism.

Now many people see “socialism” here in the US of A as the answer to all of our problems. Please wake me up and tell me that I am dreaming!

Toxic;

You seem to not realize that enslavement is exactly the intent of the current admin. It has been the agenda since the 60's. They believe now is the time to bring all their socialist utopian dreams to fruition. Judging by the comments I've been reading here, they may be right. A debate on the debt has brought myriad gun control comments, welfare, food stamps, social security, (that the Dems, (LBJ) made it a tax AND bankrupted it), Funny how their agenda can find any outlet, isn't it? When will all you people realize the only thing politicians of any party have in common is this, "IF they're mouth is moving, They are lying to you". Yes, This includes your leftist hero's.

BigATC, my rich friend who moved to Nicaragua five years ago says that it is very nice. He lives in an American enclave, where the language is English. I thought about joining him but I am afraid that I might live too long and run out of savings before I die. He says that they love americans with money.

Charlie: Do you intentionally mislead or just totally unable to look at data?

You say Obama has only increased spending 1.3%? Are you that naive?"

I gave you FACTS from Forbes Magazine -- not exactly a left wing publication. But then we all know FACTS are something conservatives ignore and the only response you have is a rant. And just in case you don't know -- CONGRESS -- not the president controls spending and the House has been run by Republicans for over half or President Obama's term.

"Sorry, Charlie! There are many little problems with your estimates of increases of budgets, but the worst is that Obama hasn't had a budget in the last 4 years!"

• And just who is responsible for that?? President Obama has submitted proposed begets each year and congress has only managed to pass conditioning resolutions.And this debt extension debate isn't for NEW spending, it's for spending CONGRESS has already approved

American Girl, I'm afraid the truth doesn't fit with your narrative (and therefore it just has to be a lie, doesn't it?):

Even if you ignore the fact that droves of New Yorkers retire to Florida and Californians retire to Arizona, there are plenty of other examples to demonstrate why Blue states receive more in Federal assistance than Red states. Stats show that RED states receive more money in federal spending than BLUE states, but BLUE states use more money for welfare programs.

For an example of Federal spending, a military base counts as federal spending, but would not fall into the category of federal assistance.

The state at the top of the federal spending list most years is New Mexico, while the state receiving the fewest dollars is New Jersey. New Mexico has three Air Force bases. New Jersey has far more people than NM, but only has one Air Force Base. California has the most military bases, but also has the highest population to pay the taxes on them.

New Mexico also has the National Labs at Los Alamos and Sandia. In a small population state like NM, the billions of dollars put into those labs are greater than all federal taxes paid by all NM's population.

The red states are agricultural. That means there are federal farm subsidies (which benefit the high population Blue states, most of which cannot provide the food for themselves). There are federal lands used as cattle rangeland, provided Rhode Islanders with lower cost beef, federally managed timberlands providing lower cost home building materials to New Yorkers, which stimulates the high population states' home building economies. The federal money might go to Red State Montana for the beef or the mining, but the lower cost materials provide the industrial Blue state with lower costs on the final products, which ultimately benefits Blue state residents more than Red State residents.

Also, many of those lower cost materials can't get to the blue states without traveling on the federally maintained interstate highways. Alaska, Wyoming, New Mexico, Utah, Wyoming all have low populations which pay far less in taxes because they have fewer people, but each of those states has hundreds more miles of Interstate to maintain than all the Blue New England States combined.

Why is it that the President and Congress don't address the simple solution of balancing revenue with spending? The rest of the world has to operate that way or end up in bankruptcy or jail. So please both sides tell me what is wrong with that approach? Then just do it.

Anything else is just an excuse not to be a deadbeat when in fact we are.

Next

Double post, sorry. :)

It's ok Charlie, I understand, I used to be a liberal myself. If you live long enough you could grow out of it, I did. I don't have as much hope for american girl.

American Girl,

Arguably a better approach to analyzing who's really on the government dole is to look at individual voter preferences. Per the Maxwell Poll, these are the %'s of those who vote Democrat among each of these groups on Federal assistance:

Receive Public Housing 81% vote Democrat

Receive Medicaid 74%

Receive Food Stamps 67%

Receive Unemployment Comp 66%

Receive Disability Benefits 64%

Receive Welfare 63%

Hardly surprising, we see that in a two-party split, 60-80% of welfare recipients are Democrats, while the same poll showed full time Workers are evenly divided between parties.

You have similar results in a recent NPR poll. Among the Long Term Unemployed, 72% of the party support goes to Democrats.

Share of Recipients of each program that self-identified as supporters of Republican party in 2004-2007, per Maxwell Poll:

Gov. Subsidized Housing 12%
Medicaid: 16%
Food Stamps: 20%
Unemployment Compensation: 21%
Welfare or public assistance: 22%
Disability benefits from government 25%

Clearly, people who live off the government disproportionally support Democrats.

JimSpence

Obama chides GOP on debt limit: 'We are not a deadbeat nation'

ROTFLMAO!!!!!

Not only are we a deadbeat nation, it's run by a deadbeat president!

Yet another idiotic comment by yet another idiotic commentator. But, as our Constitution protects the freedom of speech, do proceed.

We have not passed a budget for 1,356 days. Yet Barrack Hussein claims he has already cut $2.5 trillion in spending. In what? Prove it? Don't bother, none of it is real. It's just more Washington fuzzy math about cutting the rate of growth in already bloated budgets in the future.

Yes, we have not passed a budget. But you do not necessarily have to have a budget to spend money; we have used continuing resolutions for the past few years (something I'm not proud of as a Democrat but am willing to face up to). Secondly, Obama has cut roughly $1.7 trillion out of the deficit; he states $2.5 trillion by counting out $800 billion that would have been already spent in Iraq and Afghanistan (something I wouldn't do personally). Third, you do not actually need to cut budgets in order to balance the budget; all you realistically have to do is cut the growth of spending to a sustainable rate, somewhere near the economic growth rate plus population growth. It's not fuzzy math; it's real arithmetic.

We have added a record $5.2 trillion to a record $16.4 trillion National Debt in 4 years. It is projected to exceed $22 trillion by 2017!

You fail to realize that we just came out of a RECESSION and that deficits are inevitably going to be high. The only problem that we have is that we went into a recession WHILE spending money on two unnecessary wars and cost the Treasury hundreds of billions of dollars for useless tax cuts.

The Fed has been inflating our dollar into oblivion with QE1, QE2, QE3 and now another $40 billion a month thinly veiled as some nonsensical "twist" monetary vehicle. Last week the Fed even questioned its own direction and whether this massive monetization of debt has even worked. QE simply enriches the banks and corporations creating a monetized stock market that must collapse.

Technically this isn't monetization of the debt; that would require us to print money to REPAY our debts, not issue debt. QE is designed to pump money into the economy using monetary policy, which can work but only does when you aren't in a liquidity trap, which we currently are in.

The Federal Reserves balance sheet has exploded from $800 billion to over $2.6 trillion.

Our Unfunded Liabilities are skyrocketing over $122 trillion. It is projected to exceed $150 trillion in 4 years!

Our unfunded liabilities are technically around $80-100 trillion; while that sounds a lot, we have to remember that we are going to be spending a lot more in nominal dollars over the next century and that if we make some changes we can reduce this burden.

States are teetering on the brink of bankruptcy on the back of over $4 trillion in unfunded pension liabilities.

In part because politicians abused the pension system and added benefits based on unrealistic stock market predictions.

Unemployment is still over 7.8%, when you add the under-employed the rate jumps to over 14%. Minority and new graduate unemployment rates are at record levels.

And yet you call for massive cuts to federal aid programs and other spending policies that will exacerbate the problem. You can either have low deficits or low unemployment right now, but you cannot have both. You can only have both once the economy is at full employment.

More than 17 million Americans have been displaced from their homes via more than 6 million home foreclosures since 2007. One in four American homeowners were still "under water" or owed more than their homes were worth in the fourth quarter of 2012. The crisis has wiped out some $7 trillion in U.S. household wealth.

All due to (A) the careless mistakes on the creditworthiness of subprime mortgages made by the same credit agencies that downgraded the Treasury, (B) the deregulation of the financial industry and the disastrous combination of investment and deposit banks, and (C) the free market purism that has infected both sides of the political spectrum since the rise of neoliberal and supply side economic theories in the 1970s and 80s.

We have dramatic and significant systemic defects. Reforms to trade, taxation, regulation, energy and education have been ignored for decades. Our social safety nets are straining under the weight of waste, fraud, abuse and corruption in our bloated bureaucracy called government.

Indeed we do; we must end our nation's tireless devotion to idealistic free trade and start helping our nation's manufacturing and high-tech industries in order to regain our competitive economic edge in the world via investments; we must reform our tax code and eventually raise rates on the top 20% of Americans (or 10%) who have been the only ones to gain from the last 30 years of neoliberal/supply-side policies; we must overhaul our regulatory regime in order to restrain the giant monsters of finance and energy so they do not lead to financial crises or rising global temperatures while making sure those regulations aren't overburdening or ineffective; and we must reform our education system so that we can compete in the world and have every American up-to-par when it comes to world-wide education competition.

We will be downgraded again because of Barrack Hussein and the Senates intransigence, just as we saw last year. This will not prevent him from continuing his statist driven social and economic justice nonsense.

No; we will be downgraded yet again because House Republicans refuse to see the dangers of playing with America's financial credibility and seeing the refreshing safe haven of compromise and shared sacrifice. We were not downgraded because of over-spending and over-taxation; we were downgraded because the GOP could not tear itself apart from the Reaganesque cult that has developed like a tumor on that once-inspiring political party.

Correcting this mess will take real leadership, something we haven’t seen from this administration. When leadership is based on class warfare and envy promotion against the productive and successful the only result can be collapse.

Please explain to me how raising taxes is class warfare??? Everyone needs to contribute more in taxes, but the wealthiest ought to do the most since they can most afford it.

Our economy can be corrected, unfortunately it will require Draconian austerity measures. However, the indoctrinated unwashed masses have proven they will never allow that to happen.

We have become a 50/50 nation. The country is roughly divided 50/50, the people that work for a living verses those that vote for a living.

No; we have become a 5/95 nation. The country is divided roughly 5/95 against those who seem to think that they are the only productive people in society and that they deserve entitlements and bribes via tax cuts, regulatory loopholes, and the such, and those who are tired of footing the bill for bribing the rich man and giving them credit for something that they don't deserve. Unfortunately, many people in America have surrendered the concept of a middle class-based economy and are going against their interests and supporting the top 5%.

This is the result of a century of Liberalism and Progressivism.

No; this is the result of a generation of Conservatism and "Free Market" Economics.

God Bless and save America, it may be our only real hope for change.

Unfortunately, people like you aren't helping.

I find it very disturbing that the first thing Obama threatens every time there is a fiscal matter is the livelihood of seniors and veterans without ever a mention of cutting lesser forms of government spending.

You can only cry wolf so many times before the wolf actually come calling.

"'2102 dollars'?

are you a fortune teller?" - iseeconfusedpeople

Here's an idea for you. Try picking up a book before making a fool of yourself...over and over again. Either that or Google "real dollars".

Yeah rob, you're almost right, except for the military, they mostly vote republican. The military needs to be cut as well, at least by 50%, maybe 75%, along with foreign aid and payments to the united nations.

Well, here's a thought, "mike in sa":

Read the crap before you cut and paste it.

Telling other people to "read a book" when you post numbers for "2102" simply shows that you are either an idiot or a thoughtless propagandist.

Which one is it, "mickey"?

My personal favorite government expense is NASA. Well, cut it too, we can't stand sacred cows.

#

Garcher said:

I find it very disturbing that the first thing Obama threatens every time there is a fiscal matter is the livelihood of seniors and veterans without ever a mention of cutting lesser forms of government spending.

You can only cry wolf so many times before the wolf actually come calling.

I think you hit on a good point here. Why the threat saying their checks will stop abruptly? Why say that? Is he trying to panic these folks? At the same time, he wants to take the guns.....to make more panic?

I guess every check person will be running down to the gun store.....

"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 US Government cannot 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 HUSSEIN OBAMA, MARCH 2006

Priceless

And highways, why should the federal government have highways. Texas has counties as big as some states. I'll bet there is enough asphalt on united states highways in Texas to completely pave the state of Rhode Island. There are four u.s. highways going through my little wide spot in the road in central Texas. There are six interstates, I10,I20, I30, I35, I40 and I45, in Texas.

Each state should be responsible for their own roads.

And yes, empress, I will be, I have plenty of guns but you can never have too much ammunition! :)

Perhaps the Hypocrite-in-Chief should write following a few hundred times, then go groveling to Congress

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 US Government cannot 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.

"Failing to raise the debt ceiling would in fact be a catastrophe, putting the faith and credit of the U.S. government in doubt and destabilizing a global financial system in which the dollar is the benchmark currency."

Yep, empress, I will be. :) I have enough guns but you can never have too much ammunition. Folks the second amendment is our only protection from an oppressive government, which is what this one is becoming, by the day.

"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. ... 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. Americans deserve better."

Senator Barack Hussein Obama, Floor Speech in
US Senate, 2006

Tha most pathetic liar in history....NIXON MOVE OVER...

"Why is it that the President and Congress don't address the simple solution of balancing revenue with spending?"

• Because WE elect these people and everybody wants spending cut EXCEPT FOR SPENDING THAT BENEFITS THEM. Even over 70% of tea party people don't want cuts in their Social Security of Medicare. It's not big government people don't like -- it's PAYING for big government they don't like.

"I find it very disturbing that the first thing Obama threatens every time there is a fiscal matter is the livelihood of seniors and veterans without ever a mention of cutting lesser forms of government spending"

This isn't about cutting or increasing spending. This is about paying the bills for spending CONGRESS HAS ALREADY AUTHORIZED.

My, My, what has happened to the far left? In reading the comments, I was amazed that so many folks are waking up to what's happening in this administration, finally. It took a long time.

Hoping others will follow and take our country back from a leadership that is financially bankrupting us all.

it's PAYING for big government they don't like.

As was proven by their complete and utter silence when BushII and the Republican Congress were spending like drunken frat boys.

These idiot teabaggers have no idea what they are talking about - only that they hate the President of the United States of America and the majority of the American public that voted for him.

"kkkwilson" - Take back the country from whom? Americans? What does that make you - other than a petty little shill of bad, idiotic "Palin" propaganda.

Charlie-1915998

Just curious. How can it be paying bills already authorized by Congress when they haven't had a budget in years? Is the government just running in neutral?

I say just raise the debt ceiling if necessary, instead of giving the media more money for covering it, and let the sequestration happen. The last time they agreed was to enact it and it is the most non-partisan way to cut government. The problem I see is that we are bleeding so fast, they don't have a clue where "our" money is going anyway. It is like a separated spouse leaving with all the credit cards, checkbook for our home equity line of credit, and a power of attorney with our SS number with which she can apply for more un-payable loans. Then after all that, we are stuck with the child support. FYI, I am not divorced or getting that way, it is only an example of how well we are getting @!$%#ed.

Say IWonder

I wonder if you have a problem making a post, I wonder if you and your buddy's know what the article is about, I wonder if your a second rate Kernel Sanders. yep I think you need to sell some more chicken

Freshieee

Just a great comment...clear, thorough and fact based....

To the Neo conservative bloggers...You know.... I know....that you live in an altered, factless, Hannity reality (and I listen to Rush Radio everyday...because there is no alternative in the south)..... You chumps should listen instead of speak

American girl understands something you guys do not the definition of:

lib·er·al

/ˈlɪb ər əl, ˈlɪb rəl/ Show Spelled [lib-er-uh l, lib-ruh l] Show IPA

adjective
1.
favorable to progress or reform, as in political or religious affairs.

2.
( often initial capital letter ) noting or pertaining to a political party advocating measures of progressive political reform.

3.
of, pertaining to, based on, or advocating liberalism.

4.
favorable to or in accord with concepts of maximum individual freedom possible, especially as guaranteed by law and secured by governmental protection of civil liberties.

5.
favoring or permitting freedom of action, especially with respect to matters of personal belief or expression: a liberal policy toward dissident artists and writers.

Sounds like freedom and growth to me...................

BigATC "Let me know how Costa Rica is Roy, i may have to move there or Ecuador when we turn ourselves into a 3rd world country. LOL"

It's great down there - nice weather year around (but lots of rain in the Summer - mainly at night). We spent 5 months+ there in 2011 and also in 2012, so now we're moving there - nice, slow pace of life, and we live comfortably on about 25% of our retirement income - Bank the rest. We live about 3 miles from the ocean, and they have great beaches.'

The people are really nice and friendly, and eating out is very inexpensive. Healthy food too - I lost about 20 pounds both times I went there - no junk foods available. Interestingly, the Life Expectancy in Costa Rica is significantly higher than in the USA. It was recently rated #1 in the World for 'Happiness' as well as 'Sustainable Living'. My wife can't wait to go there, and we'll put our 7 year old daughter in a private bi-lingual school.

Freshieee

I will have to agree with Peter. Your comment was rational. You almost come off as fiscally conservative. The only fault I see is that taxes can't be raised on anyone again since the tax cuts are now permanent.

With that in mind, with your infinite wisdom, how would you balance the budget and save our kids from 60 years of servitude and then to have nothing in the end? Because at some point, wishfully thinking our debt will go down, even when times are good is moronic. They just don't do it.

As I see it, the problem is with all of them, both dumb and pug, and special interests determining policy, when every budget written is about how they spend our money and not how they save it.

Charlie-1915998 ""All Obama wants to do is spend, spend, spend."...The absolute ignorance among the right is astounding. Take a look at some REAL numbers and anyone with a brain can easily see who the big spenders are."

Sorry to burst your bubble, but trying to 'Blame Bush' for Obama's 'Stimulus' spending bill doesn't fool anyone. The HUGE spending increase for 2009 (and thereafter) was because of spending increases approved by Obama, not Bush.

kkwilson

kkwilson

My, My, what has happened to the far left? In reading the comments, I was amazed that so many folks are waking up to what's happening in this administration, finally. It took a long time.

The far left always was an small percentage of the population with a big speakers thanks to the media bias, remember Obama lost the independent vote, but he won the election with the votes Latino pro-amnesty group. Despite his Victory , the majority of Americans according to polls think we are going in the wrong direction.

ROY WILSON-336103

I would have to agree. Beautiful country, especially the central valley. People are great. And it was very interesting meeting many, many people from all over the world who think the US government is so @!$%#ed up it can't be corrected.

john-737278

I think that assumption belongs with everything remaining as it is today "status quo" and that really isn't practical....You have inflationary rate, population growth etc... These are things that impact the "value" of the national debt....Time is the ally of this economy....everyday the middle classes debt is paid down a little more equity is restored in their net wealth...Everyday we get closer to restoring the wealth of middle class ie....our largest consumer.....How do you reconcile what you said with these "real world" variables...that will change in these areas as well as eventual restoration of middle class equity...freeing up short term small lending?

Roy......I just get sick....you are like a rabid possum....You do not even understand what the stimulus did...besides the obvious...I know Roy...one day your intelligence will fully develop.......

Well 40, I wonder about a lot of stuff, like what are you trying to say? My daughter says that I don't look like colonel sanders because he looks friendly!

Oh and peterdean, we do know what the "stimulus" failed to do.

The truth of all this is....The Republicans became racist after civil rights was passed....and they are afraid...They are losing and will disappear soon....The "Southern Strategy" is faltering....Looks grim for you guys.....Good luck! Don't let the door hit you.......Maybe they will be replaced with a moderate conservative party....That would be nice....

Peter

The problem is not that the middle class is regaining some strength and that is very good for the economy. The problem is that we are breeding poor and do nothing about it other than to finance it. Personally, I think we should give free abortions, birth control, and getting fixed to anyone that wants it.

The average middle and upper income families have 2.3 kids per family. The average low income has 5 by multiple partners who never pay for their progeny. We do.

Do a little math and extrapolate that out over another 10 generations. We have created an environment where it is better financially to be poor than to be middle class. I, for instance who am middle income, would have been better off dropping my income below the poverty level while my kids are in college to have it paid for by the state. What a nice example that sets. Go to a college, most are becoming minority based because the average white couple who pay their own bills can't afford to send their own children because they are paying for others. That is not racist, it is true. Minorities and low income receive most funding for school.

Population growth does NOTHING when the new population does not pay taxes. In fact, it works in reverse.

David Michaels " Connie, in 5 words or less, can you name that tune".

I notice every time it is the old pensioned Veterans and Senior Citizens that are threatened with total check loss. This is so Obama can look good after he only takes a "Nip" off those checks. Raise the bar high so when you get the cut you want, every one sighs relief and thinks you saved their buts, when in reality you got what you wanted in the first place.

Yep john, the higher a woman's I.Q. the fewer children she has. The governments handout policies are a guaranteed way to make a breed of less intelligent people. Of course that is what the democrats are doing, I hope that it is out of stupidity rather than intent. Handily for them, this new breed votes around 90% for the democrats. Sweet, huh?

I believe it was Walter Cronkite who referred to it as, "the dumbing down of America."

You republicons are like terrorists who walk into a building with a bomb strapped to your chest. You yell "Give me what I want or I'll blow all of us up!". This is exactly what this debt ceiling debate is all about. You domestic terrorists are throwing a temper tantrum over money you have already said you are going to spend. What a bunch of deadbeats.

Why do you want to not pay our soldiers? Are you un American?

A lot of self-proclaimed "hardworking" repubs hardly working today; just doing what they do best--being divisive and derisive.

IWonder-932455

I could be mistaken, but I believe that is why the founders only wanted property owners to be able to vote. Skin in the game as it may be. That way the masses can't vote themselves pay increases by whom they vote for. But, alas, too late for that.

Hey guys, all I can say is this is some mess "W" got us into, this could be much worse if Romney was elected !

john-737278

Once again I disagree with your conclusions.....Please sight factual sources...Those are some grand claims....You can always find a way around the rules but the intent of these programs are for those who are in these situations and use the benefits in good faith......I would like to know how you reconcile that statement...The implication is that people just take advantage of the system? That they are ALL lazy.....remember you are not saying a few people you are saying all...I believe that there are a few people who take advantage of our system but most are taking benefits in good faith.....When I was a kid my mother went on disability...Multiple Sclerosis.....We would have been in the streets without it......I own a medium sized business 50-60 people employed...I personally have never taken a government benefit of any kind..I joined the military....sub service....I do believe these programs have a purpose and do well for the population....John before you sighted the tax 50% thing I really believed I was going to have an intelligent conversation with someone with just had different views....But let me say....How dare you spew that twisted crap of propaganda...It is misleading and dishonest .......0.5% military (do not pay tax in a war zone), 13-15% of retirement age 65 (this does not include those who retired prior to retirement age...and they paid their taxes), 7.8% unemployed, 8% in college.....So now I think we are a little bit more like 15-20% of the population do not pay their taxes.....These are true things that are indisputable...

Exactly right john, they were an awfully lot smarter than people today. We may be a lot smarter fairly soon, it looks like king George wasn't any worse than our government is becoming.

and one other thing....See you conservatives agree on nothing....You are the only one that says abortions are OK.....At least we all pretty much agree on the same major principles....Your party is lost....truly....Texas will be a blue state in ten years.....unless all men become created unequal in the eyes of the law/God...and then what will you do? We know austerity will hurt the economy...we know middle class equity will fix the lending markets...and with it the economy.......YOU CANNOT rob the middle class of all their equity and expect nothing less than a long recovery.....their income levels are not high enough to restore equity in anything close to a timely fashion....10 years...08-18...that is what the uber wealthy stole from the middle class...

Colonel Sanders o7.....LOLZ

Obama had to focus on the recession in his first term. It was the worst recession since the great depression, and like the great depression it needed government attention to keep many Americans from becoming homeless and starving, and like during the great depression that took federal dollars. As the self-proclaimed leader in human rights and freedoms, what would the USA be if it let its own people starve during hard times or let its poor children, sick, handicapped and elderly, its most vulnerable, suffer when every year the US gives billions and billions of dollars to many countries, such as Israel and/or did not increase taxes on its wealthiest who can afford most to pay them and have profited most from America's freedoms.

Now that the economy is definitely turning around and improving (just heard today that 2012 was the biggest housing market year in sales and new homes in our area since 2007!), now it is time to focus again on getting spending under control. That means, republicans, it is time to cut the BIGGEST driver of the federal deficit--military spending, which the repub-led house, senate and president doubled (doubled the military budget) in the early 2000s. It means, Mr. Ryan, that it is not time to greatly increase military spending! It means, it is time to raise taxes, especially on those who can afford to pay the most, to pay for those 2 costly multi-trillion-dollar wars the republican-led congress and repub president started. It means it is time to start realistic and sensible cuts to Medicare WITHOUT privatizing it (which would allow it to become totally unaffordable for most seniors), and do those reasonable Medicare cuts immediately, as Medicare is currently the social program that adds the most to the federal deficit. It means it is time to add NO MORE CRAZY PORK, red states included. It means cutting every other social program except Social Security that is currently not adding to the deficit and which is absolutely too vital for most elderly in keeping these handicapped and fixed-income people who have paid for it all their lives from literally starving, and cutting every other social program as much as possible WITHOUT HURTING innocent poor children and the truly handicapped, so that may limit cuts to food stamps and other programs. It means looking at reasonable cuts to everything, and not focusing on cutting only food stamps and healthcare for the poorest, the poor children and truly handicapped to enable more tax cuts for the wealthiest, including those job providers to destitute third world and communist countries just to profit from the extremely low wages they can pay there.

PeterDean

Unless I am mistaken, I did not site 50% anything, maybe you can point it out.

I did not state that they were lazy, did I? I stated that we are breeding poor, and that is true by demographics and annual incomes.

We spent a trillion dollars last year for welfare and healthcare for welfare. Why did we do this? So they wouldn't break into our homes and rob us? That is over $3,300 for every man, woman, and child in the country. Reconcile that!

The fact of the matter is that the workers are paying the price. And most are middle class, and neither party has any intention of doing anything to change it.

This is a generalization, but probably not far from the reality.

25% are retired

25% are poor

25% work for either local, state, or federal government

25% Pay the bills for it all.

Good night. :)

citizensarethecountry

I think I see the written word of sanity....Thank you...

John

You are right...I read too much and it is late...You did not say 50%.....I read it off another comment....I will check the treasury department numbers...because I don't think you are right (I thought it was in the 300-400 billion range ....but you did mix medicaid in which I think is under the same budget heading but I am not sure...so I will check.....but I will verify first....I have a beautiful woman upstairs waiting on me and I do have to get up and work...early...I will mail them to you....

shockedanddisgusted, while I did transpose digits and it should read 2012, not 2102, I'm not a thoughtless propagandist. Those numbers are facts that speak for themselves. And the idiot would be the person who -- much like this administration -- tries to ignore or deny those numbers.

and one other thing I'd have to see a disproportional difference relative to the trend in spending to believe that....It is like deficit spending always blows up when tax cuts are given to the wealthy and the taxes always go up after a war for the wealthy......and this is based off of a 150 year trend.

If raising the debt limit is not the line drawn in the sand for addressing our "out of control spending", then WHERE is that line drawn??? Now that taxes have been raised...and every working American just saw their taxes go up (FICA withholding) many progressives (I'm a Blue Dog) would like to simply ignore the need to address our level of spending....that's not going to happen!!!

Mr. President please come out with a list of spending cuts that you and the party "guarantee" will happen without the need for any further taxes...and do so before the debt ceiling midnight hour!

john-737278

The problem is that we are breeding poor and do nothing about it other than to finance it. Personally, I think we should give free abortions, birth control, and getting fixed to anyone that wants it.

YESSSSSSSSSSSSSSS!!!!!!!!!!!!!!!

These 3 options should be mandatory for all Liberals/Progressives for the next 2-3 generations. That should eliminate most of them so we real Americans can finally return our great Republic to its glory.

The Libbies should submit, they love Planned Parenthood that was founded by Margaret Sanger who promoted eugenics.

Great idea!

john-737278

Freshieee

I will have to agree with Peter. Your comment was rational. You almost come off as fiscally conservative. The only fault I see is that taxes can't be raised on anyone again since the tax cuts are now permanent.

I am not fiscal conservative; only a structural deficit hawk is all.

john-737278

PeterDean

I did not state that they were lazy, did I? I stated that we are breeding poor, and that is true by demographics and annual incomes.

We spent a trillion dollars last year for welfare and healthcare for welfare. Why did we do this? So they wouldn't break into our homes and rob us? That is over $3,300 for every man, woman, and child in the country. Reconcile that!

No; so that our seniors and impoverished fellow citizens don't starve or are forced to form begging mobs on the streets.

The fact of the matter is that the workers are paying the price. And most are middle class, and neither party has any intention of doing anything to change it.

It is the responsibility of society to care for the sick, the old, and the poor. That is one of the most basic functions of society since the dawn of civilization. Are you now questioning one of the most important duties of civil society???

25% are retired

And that is due to the fact that already paid into the system and of the demographic Baby Boom generation.

25% are poor

Only 16% of Americans are poor; those barely above the poverty level still pay payroll taxes, sales taxes, gas taxes, etc.

25% work for either local, state, or federal government

And they also pay payroll, sales, property, and income taxes. And your statistic is way off.

25% Pay the bills for it all.

Actually, roughly 60-70% of Americans pay the bills for it all, including sales taxes, property taxes, federal income taxes, payroll taxes, and excise taxes.

Freshieee

First of all, 90% of this countries wealth is held by those over 55. Sooooo, if you are to go after the rich, let's delineate.

Secondly, if we spend $3,300 per every American citizen for welfare, how can you argue that their is not waste in the system, or that it is a complete failure in accountability.

Thirdly, Those that have paid into the system, paid for those that were already retired, now they are robbing my kids of a future because it is all about them. And that is because Congress (all of them) stole the money from the trust fund and spent it on special interest.

Fourthly, government employees make their income off of tax payments. therefore, the only thing they do when they pay taxes is give some back. I am not stating that their services are not warranted or necessary, in fact, I think we should put more money into education, but that simple fact remains. They can't pay taxes when their income is derived from said taxation.

Finally, I would argue that 60-70% of Americans are not income producing citizens that contribute to the Federal government coffers. It is statistically impossible.

Obviously no one wants to see what would happen if the US defaulted on debt (that would essentially throw the world into a deeper financial tailspin)- but raising the debt ceiling without seriously addressing spending cuts seems grossly irresponsible. Almost tantamount to addressing your personal credit card debt by getting another card with a higher limit and transferring the balance. Sure- you have more wiggle room but until you figure out a way to pay it down and not add to it unnecessarily you haven't addressed the problem...and in the interim you have the balance and the interest that keeps piling up.

Bob the Plumber- In repsonse to your comment. Here's another true factor when Obama was running for President he called Bush un patriotic for running up the debt ceiling of 5 trillion in 8 years and here Obama is doing the same thing. I find Obama a huge hypocrite!!!!!!!!

JimSpence - I agree...Liberals should support this..."save the children" from poverty by making sure the poor don't have children. Makes perfect sense.

Sadly, our debt needs to be downgraded again....People did not learn from the last time. Much like children, some people only learn from pain because they are too stupid to learn from reason. There is plenty of govt waste...Half a billion to Solyndra...there's a good start. It's better to go ahead and deal with the problem now before it gets worse.

I just became aware that Senator Obama voted against raising the debt ceiling.

The senoirs! The children! The humanity!

I can see why this isn't widely reported in the news.

The talk about a Debt 'Default' is silly.

Obama's 2013 Budget projections call for $2.902 Trillion in tax revenues, and the projected Interest payments are only about $248 Billion. That means that only about 8.5% of Revenues are needed to avoid default, leaving about 91.5% of Revenues available to pay other bills.

Obama is merely trying to use 'Debt Default rhetoric' as a club to avoid negotiating any spending cuts.

More 'Politics as usual' – no surprise there.

john-737278 "I would argue that 60-70% of Americans are not income producing citizens that contribute to the Federal government coffers. It is statistically impossible."

About 110 million people work as non-government workers, and there are about 315 million people in America, so I would estimate that figure at about 35%.

Of course, about 47% of workers do not pay any Income taxes, so the number of people that actually contribute to funding the cost of government is only about 18%. While those 'working poor' do contribute payroll taxes for Social Security and Medicare, those funds go into their individual 'Trust Fund' accounts to fund their future retirement and health care needs.

As you correctly pointed out, government workers are a net DRAIN on the funds available to fund government services, because any taxes they pay are merely a small, partial (re)payment of taxpayer funds used for their salaries and benefits.

we're not a dead beat nation...said the dead beat president...no problem...throw money at it make go away...

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 Barrack Obama 2006.

Here are the National Debt figures for the last fiscal years in office for recent Presidents;

Reagan = $2.601 Trillion, an increase of $1.692 Trillion

Bush 1 = $4.002 Trillion, an increase of $1.401 Trillion

Clinton = $5.629 Trillion, an increase of $1.627 Trillion (about same increase as Reagan)

Bush 2 = $9.986 Trillion, an increase of $4.357 Trillion

Obama (Proj. thru 2016) = $20.392 Trillion, an increase of $10.406 Trillion

Source - Obama White House 2013 Proposed Budget.

"The issue here is whether or not America pays its bills," Obama said at a press conference on Monday, the last of his first term in office. "We are not a deadbeat nation."

Isn't Obama on record as voting to make America a "deadbeat nation" in 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 US Government cannot 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, 2006

Because at that time (06') we all knew that the WMD's were nowhere to be found.....Bush tax cuts were also blowing up debt (remember when we borrowed a trillion dollars from china?)....There was no way of getting out of this debt once it went on the books....and I mock you for not understanding your own party history....because in order to restore your party to what it once was...you would have to become a democrat....LOLZ...and true.

PS Situation was a bit different at that time...We didn't want war....The middle class and poor didn't want to pay for the rich to have the lowest tax rate in the last 100 years (middle class wealth is better for the overall economy...)

There are two paths in the forest and I chose the one less traveled. Truth is coming. We are coming peacefully Mr. President. We know what you are doing, and we want our country back. The time is near...we will take OUR country back peacefully so you don't have the excuse you need to keep your power.

WE are coming. WE will succeed. Truth will be the light that illuminates our path. WE ARE TRUE AMERICANS.

ACTIONS DO SPEAK LOUDER THAN words. Do you hear us? WE are coming. WE are truth. GOD save us all.

miklkit
You republicons are like terrorists who walk into a building with a bomb strapped to your chest. You yell "Give me what I want or I'll blow all of us up!". This is exactly what this debt ceiling debate is all about. You domestic terrorists are throwing a temper tantrum over money you have already said you are going to spend. What a bunch of deadbeats.

Why do you want to not pay our soldiers? Are you un American?

Miklkit - Thanks for acknowledging that Barack Obama is as you put it an "un-American domestic terrorist". He himself acknowledged in 2006 by his vote not to raise the Debt Ceiling that he wanted us to be "a deadbeat nation".

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 US Government cannot 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, 2006 before voting NO to raising the Debt Limit

JediUtahn

Are you trying to be a mysterious moron? You want your country back? You do not believe in the majority vote?

PeterDean: I think Jedi Utahn means he'd like to "take the country back" to the mid 19th century, when "the majority vote" didn't include all those coloreds.

What is up with the idiotic comments on this article? Good god. It sounds like a bunch of first grade children.

I mean... for example 1.12: a whole page of nothing but, "Traitors! Traitors! "

The rest is mostly blatent lies, nothing that is or can be supported with facts, just folksy expressions, ignorance, and stupidity - nothing resembling an intelligent discussion.

Have fun people - I'm not wasting my time on this.

Maybe they will ask him what he had for breakfast and even more tough questions.

Maybe he will have a slide show form his latest 4 million dollar golf outing?!?!? I hope so!!

I am so excited!!

National debt: We will keep spending money- money we do not have. We will pursue the mint to produce trillion dollar coins. We will continue spending and spending until we are out of debt.

Keep talking guys - makes us all the more sure of why we are not on your side of any daebate.

SharJ,

No one cares if you are on "our" side.

Better yet, join in since you truly have nothing to add.

NC-492358 - and you have so much to contribute? Read most of the posts of your right wing buddies which consist of calling our President name and other ignorant comments proving just how totally out of touch with reality they and you are. YOU are no one to put SharJ down!

I do believe , the Obama administration has presented a budget for this year that covers how the budget deficit will be brought down by the middle of this decade, ! They were discussing it, and asking Jack Lew about it . Now it is time for the Republicans to say what their plan is, what cuts they want and where. Where is the GOP plan?

Trying to have a meaningful discussion of issues with most Republicans is a fool's errand

Dale, which one? The republicans have introduced budgets and proposed cuts for 4 years. Were they "good" budgets? From what I can tell, no they were not. However, even a bad playlist provides a starting point for discussion if presented. I would love to see the President present a realistic budget, and to have both houses work together to get it passed. Not sure that will ever happen with petty political agendas coming from both sides, but I can hope.

Damyou - you're clearly not well versed in anything but don't worry - we don't expect much from you!

marklepew is a paid shill told to deflect and insult posters going against the COH.

Now back to the article. Do you think we will get to see Michelle and her new dress?!?!?

alan: your post is populist, patently false, and appealing to right-wing's worst instinct.

Liberals need to get real for a change. Obama is the furthest president from being fiscally responsible since Bush was in office. The amount of debt and the annual deficits are inexcusable. How funny is it when someone says that Obama has a plan to cut the deficit in half by the middle of the decade. Which decade? Wasn't that supposed to happen by the end of his first term? Democrats have rejected everything Republicans have put forth, so it is time for Obama to lead his party into actually producing a solution. So far Obama has been all talk and no action. Blame and excuses are the Obama way of not doing anything.

the President hasn't had a budget since he has been in office.

Keeping on track, Alan you are right, a budget proposal has been made that will bring down the deficit. However, over the next 10 years the deficit will still be in the neighborhood of 500B/year resulting in a 21+ trillion debt by 2022. Continued debt like this with no plan to pay it back puts the burden of responsibility on future generations and is morally and ethically unacceptable.

Rocky,

When you ask question like "was Obama wearing a condom" & "do you think we will get to see Michelle and her new dress" perfectly illustrates that having meaningful discussion of the issues is indeed a fool's errand when speaking with people like yourself.

Monkey Mo: Yesterday they showed a committee led by Paul Ryan, asking Jack Lew, questions about Obamas spending plans, and how they would make other cuts to bring down the deficit. From what I seen Jack Lew was answering their questions very clearly, and others senators were asking what the Republicans, wanted to cut, and why they would not say! It seems like both sides want the other to be the one to cut entitlements, but it is the Congresses job to do this, and they will not make any suggestions because they are protecting votes and want the President to do it. It is their job why should the President do it?

Pig do you seriously believe obama has helped this country?/ he has in 4 years created 6 trillion in debt created a class warfare not seen since the depression and he will not even try to be partisan even tho he says he will ( ok I won and you lost so its the way I want) that was spoken at his first meeting of congressional leaders that in itself says how small he is and is the biggest racist there is democratic party knew hillary couldnt win so they brought in a black person to go after those votersWHO HAD NOT OR NEVER WOULD HAVE VOTED THAT IS THE ONLY REASON HE WON TO START WITH

So far Obama has been all talk and no action. Blame and excuses are the Obama way of not doing anything.

Oh dear, and yet the deficit falls, making all claims that Obama isn't reducing the deficit, bogus.

Believe it or not, the federal deficit has fallen faster over the past three years than it has in any such stretch since demobilization from World War II. http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm

Read More At IBD: http://news.investors.com/blogs-capital-hill/112012-634082-federal-deficit-falling-fastest-since-world-war-ii.htm#ixzz2Hy6wa4Bd

Damyou- as your lame attempt at changing my moniker shows, your post lack any intelligence or - for that matter - any relevance. Plus, they just plain make no sense. Don't worry - we expect no more from you!

SeekingSanity

Damyou - you're clearly not well versed in anything but don't worry - we don't expect much from you!

We don't expect much from you either Seeking, and you daily exceed our expectations!

alan_static, why post idiotic @!$%#? Do you want everyone to know how stupid you are?

Hay, he needs the increase to help pay for the books he wrote, the state department spend $47,506.00 on the two books Obama wrote so they could have them put in libraries around the world.

Now that one blew me away, our tax money being spent by the state department to but Obama’s books for other countries.

http://www.washingtontimes.com/news/2011/oct/25/state-department-buys-70000-worth-obama-memoir/

Dale

Fifth budget with good looking numbers that no democrat or republican will vote for because it is unrealistic or will cost them re-election.

obama is just as much an idiot as all of those who voted for and support him

back in 2006 obama voted against raising the debt ceiling. i guess back in 2006 obama thought we were a deadbeat nation?

lets see the media ask him that question

Of course he doesn't want a debate over the debt ceiling. That would involve talking about how much he is spending, and what we are getting for it.

As is his style he never directly answered a question, he would start by telling some off the wall theory and story followed by a whole lot of uhhh uhhhh.

Budget? Whats a budget? Debt ceiling.....hahahaha.

If you travelled at the speed of light for three years, you would cover roughly 18 trillion miles. (the speed of light is 186,000 miles per second for you 47% 'ers)

Now compare that to our current debt at $1 per mile. I think the debt ceiling NOT be raised, but responsible spending cuts be made......NOW.

Just how does raising the debt ceiling reduce our deficit?

The pos, or is that potus?? No I had it right. That P.O.S. in office has NO clue how to run a country but ONLY how to RUIN one!! Thank you libbies for helping him destroy us! And NO I dont expect you to see what is happening because that would require common sense. Something the RAT party has none of. Has anyone looked at your pay checks lately?? NOT talking about SS either. You can just take so much before you CANT even afford to go to work. THEIVING BA$$TURDS!!! We have a P.O.S. for a prez!

“The issue here is whether or not America pays its bills,” Obama said at a press conference on Monday, the last of his first term in office. “We are not a deadbeat nation.”

Ummmm We don't pay our bills...

Obama-Spends Trillions, brings in Billions-Debt

Pretty horrible when your entire presidential legacy can be summed up over 2 text messages.

You can't say President Obama hasn't presented a budget, because he has........he just can't get even one single member of his own party to vote for it. The vote on his budget was 0 in favor and 99 against.

"Obama said that interest rates would rise, and checks to Social Security beneficiaries and military veterans would cease."

Say whaaat? Well, damn. If that's the case then I guess we should just bury our heads in the sand, and let the almighty bho do whatever he damn well pleases. Like he does already!

Stay stupid my liberal friends!

We are SCREWED no matter WHAT happens. Raise the debt ceiling, we are SCREWED. Don't do it, we are SCREWED.

Tyrants ALWAYS have fun when they don't have anything to worry about except the next act of tyranny to implement.

RedDevPS

So far Obama has been all talk and no action. Blame and excuses are the Obama way of not doing anything.

Oh dear, and yet the deficit falls, making all claims that Obama isn't reducing the deficit, bogus.

This discussion is about the national DEBT... there is a difference between deficit and debt... you DO know that don't you?

BTW... let's just say that the annual deficit is decreasing... (I don't know how you can say that since without a budget EVERYTHING is a deficit)... but let's just say your premise is correct... GUESS WHAT... it is STILL A DEFICIT and as such IT CONTINUES TO ADD TO THE NATIONAL DEBT!

You do understand that... don't you?

(ah who am I kidding... you don't have a clue.)