Obama: Not raising debt ceiling could be "catastrophic"
President Obama sternly warned congressional Republicans today that if they don't agree to raise the debt ceiling next month, the consequences could be "catastrophic."
"If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic," the president said in his weekly address. "The last time Congress threatened this course of action, our entire economy suffered for it. Our families and our businesses cannot afford that dangerous game again."
House Ways and Means Committee chairman Rep. Dave Camp, R- Mich., in the Republicans' address suggested simply raising the debt ceiling isn't the answer - major spending cuts are.
"Many of our Democrat colleagues just don't seem to get it," Camp said. "Throughout the fiscal cliff discussions, the President and the Democrats who control Washington repeatedly refused to take any meaningful steps to make Washington live within its means. That position is irresponsible and fails to acknowledge what every family in America already knows - when you have no more money in your account and your credit cards are maxed out, then the spending must stop."
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The president also fired a shot across the bow of Republicans who would like to believe that this week's "fiscal cliff" agreement put the tax issue to rest, signaling that any further deficit reduction efforts must again include tax reform that asks the wealthy to pay more. "Spending cuts must be balanced with more reforms to our tax code," said the president. "The wealthiest individuals and biggest corporations shouldn't be able to take advantage of loopholes and deductions that aren't available to most Americans."
Rep. Camp delivers weekly GOP address
It seems this is an issue in which Mr. Obama and congressional Republicans can at least begin to have a conversation. Camp echoed the president on tax reform saying, "we have to start to work on real solutions to return accountability to our tax code by eliminating special interest loopholes."
"I believe in a simple principle," Camp continued. "When it comes to the tax code, everyone should play by the same rules. Your tax rate should be determined by what's fair, not who you know in Washington."
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Slow, I can't quit as long as I am still breathing. I have children, and therefore "skin in the game." I want them to have an America to grow up in. This is our American Sparta!
Here's a crazy Kamikaze Right Wing Loon reading list:
Kent Clizbe, "Willing Accomplices" [Ashburn, VA: ANDEMCA Press, 2011].
David Horowitz:
"The New Leviathan" [NY: Crown Forum, 2010, 2012]
"Radicals"
"The Shadow Party--How the Democrat Party has been taken over by ..."
Stephane Courtois, et al, eds. "The Black Book of Communism" [Cambridge, MA: Harvard University Press, 1999].
David Mamet, "The Secret Knowledge"
William F. Buckley:
"God and Man at Yale", 50th Anniversary Edition [Wash DC: Gateway Editions, 1986]
"Athwart History: A William F. Buckley Omnibus [NY: Encounter Books, 2012]
John Fund and Hans Von Spakovsky, "Who's Counting: How Fraudsters and bureaucrats put your vote at risk" [NY: Encounter Books, 2012] See also C-span Book TV where the authors absolutely dismantled the host who tried to prop up the meme that "There is no voter fraud" to oppose Voter ID laws.
Thomas S. Kidd, PhD, "God of Liberty: A Religious History of the American Revolution" [NY: Basic Books, 2010] This is where I got the phrase A Christian Sparta(Chapter 5, p. 97 and ff).
"Never, Never, Never Give Up. Never give in!" Winston Churchill to a couple of schoolboys he ran into after 50,000 British troops surrendered to Rommel in WWII.
Slow, we CAN'T QUIT. It's NOT AN OPTION!!
Substitute "." for _ and you get:
Book TV: John Fund, "Who's Counting..." a speech he made last year.
No one can read our Constitution without concluding that the people who wrote it wanted their government severely limited; the words "no" and "not" employed in restraint of government power occur 24 times in the first seven articles of the Constitution and 22 more times in the Bill of Rights. - Edmund A. Opitz
The government was set to protect man from criminals - and the Constitution was written to protect man from the government. - Ayn Rand
This year will go down in history. For the first time, a civilized nation has full gun registration. Our streets will be safer, our police more efficient, and the world will follow our lead into the future! - Adolph Hitler [1935] The Weapons Act of Nazi Germany.
After a shooting spree, they always want to take the guns away from the people who didn't do it. I sure as hell wouldn't want to live in a society where the only people allowed guns are the police and the military. - William S. Burroughs
Under a photo of Einstein's letter is Bollyn's info:
"The Stern Gang, which Rahm Emanuel's father was a member of, "were believers in unrestricted and indiscriminate terror", Arthur Koestler wrote in "The Rise of Terrorism." Einstein, a devoted Zionist, strongly opposed the Zionist terrorist gangs that later became the Mossad, Israel's foreign intelligence agency, and Likud, the extremist right-wing party that rules Israel. Benjamin Netanyahu and the current leaders of Israel are second generation members of these terrorist gangs as is Rahm Emanuel, Obama's political advisor and first Chief of Staff."
Source: Deir Yassin Remembered
Maybe Rahm will run for Prez in 2016. OBTW Rahm-baby was an Intel Officer in the Israeli Defence Force. Apple falls not far from the tree...
Slow, I can't quit. I have children, and therefore "skin in the game." I want them to have an America to grow up in. This is our American Sparta!
I'm a conservative-libertarian at heart, and I'm in the "lesser of two evils therefore vote Republican" rut, I suppose.
Slow_News, appreciate your style. Keep bringin' it!
Um, I dunno. Like, people who know the Federal Government spends $10 MILLION a minute of THE PEOPLE'S MONEY, and borrows $4.1 BILLION dollars a day just to cover minimum payments on the interest on the OVER $16.4 TRILLION and growing national debt [your family's share over $100,000]. Wonder what the Government Accountability Office report really says on the idea of minting a Trillion Dollar Coin? After trying to spend our way out of debt and QE 1-300 it's all Monopoly Money at this point.
"Giving money and power to government is like giving whiskey and car keys to teenage boys."
- P.J. O'Rourke [www_lpboulder_org/quotes/]
And, if the "Tea Party is DEAD" as one blogger wishfully opined, would we be having this discussion? If the lunatics are running the asylum, maybe the dissenters (T.E.A. Party stands for "Taxed Enough Already...") are the ones still grasping reality...
[P.S. Guys, Please lighten up a bit on 6th grade juvenile stuff on preferences and who's "in the closet." Folks get hurt that way--Unnecessary and adds nothing to the discussion. Show some class...]
"The most powerful force in the universe is Compound Interest. Those who understand this EARN it. Those who do not PAY it."
Sad but true, and the Communist Chinese government is laughing all the way to the bank...
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DAN10006 says: "I will lick the CSM asss!"
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No slow, I'm thinking that danny boy is definitely still in the closet! LOL!
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Which facts and figures that I posted are you upset with?
You should already know that your "B" movie star hero, saint ronnie, TRIPLED our national debt from $900 Billion to almost $3 Trillion in 8 years, so why would you want to 'try' to make him look better than he was?
He, along with the rest of his corrupt mis-administration, should have gone to prison for illegally selling arms to Iran and the Nicaraguan Contras!
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Only because the TRUTH hurts you RWNJs that are scared spitless!
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You certainly are confused, but that's a daily occurrence at your hovel!
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If danny boy was as "wealthy" as he tries to make others believe he is, he would have Johnny Walker Blue instead, like I do!
LOL! What a faker!
And a drunk faker at that!