Obama delays request to hike debt ceiling

President Obama and House Speaker John Boehner

HONOLULU -- At the request of congressional leaders, President Obama is delaying his certification that government spending is again nearing the legal borrowing limit and it must be increased by $1.2-trillion.

On the advice of the Treasury Department, Mr. Obama was poised to declare Friday that the debt of the United States was within $100 billion of the statutory debt ceiling, which now stands at $15.194 trilllion.

Under the Budget Control Act enacted this year, that certification enables the president to call for an increase in the debt limit of $1.2 trillion.

The same law gives Congress 15 days in which to block the debt limit increase by voting a resolution of disapproval. Because neither the House nor Senate is due back in session within 15 days, the leaders asked Mr. Obama to delay his certification, which he agreed to do.

A senior administration official was coy about the way in which the leaders, Republican House Speaker John Boehner of Ohio, and Senate Majority Leader Harry Reid, a Nevada Democrat, made their request for a delay.

The White House says the Treasury Department can take steps to ensure that the debt subject to limit, now at $15.083-trillion, will not hit the ceiling because of the delay, or adversely impact the government's credit-standing.

"The administration is in discussions with leaders in both houses to determine the best timing for submission of the certification and any subsequent votes in the two houses," said Deputy Press Secretary Josh Earnest, briefing reporters in Hawaii with the president, who is on vacation.

A $1.2 trillion increase in the debt limit will eliminate the need for a subsequent hike until the end of 2012 - after the presidential election, according the the Treasury's analysis.

[irjsiq]

"We The People", can throw rocks at one another; but, the FACT Remains:
"We The People" Voted for what has become a 'Class of Aristocrats', which makes "We The People" SERFS!
"We The People" Have the ability to 'Change' ?OUR? government!
or would "We The People" prefer to 'throw rocks at one another', and continue to dwell as Slaves/Serfs/Servants/sub-citizens/etc. ... anyway YOU choose to see 'the mess "We The People" have gotten Ourselves into'; ONLY "We The People" have the ability to 'Cast-Off' Our 'Chains of Bondage'!

Before You 'Label' ME: " 'An Enemy' of 'The State'!"
I beg You, Please Ponder . . .
" 'The State' has become 'The Enemy' of 'We The People'!!!"

Roy J Stewart,
Phoenix AZ

[RobAla]

Since the President nor Congress has a plan regarding how to stop the irresponsible deficit spending in Washington, the American people may be a little aggravated (I know I am) with President Obama wanting to just bump up the national debt again. I am sure President Obama has encounter a lot of flak over his mention of a request. Harry Reid does not want to deal with it, because he does not do anything that holds Washington's feet to the fire.

We are stuck for now with a totally irresponsible boatload of jerks in Washington, who have no plan and no guts to make the hard decisions. The nation may have to wait for new blood in leadership positions, and I can't wait to vote in 2012.

[retm-w]

Of course rob,it's all reid, bohener and the republicans have nothing to do with it.

[irjsiq]

"Raise the Debt Ceiling" has become a monthly 'clarion-call'!
OUR Dollar!, and OUR Nation!, ARE BOTH IN PERIL . . . 'We Serfs' Must speak-up and speak-out!
Fly your U.S. Flag upside-down! 'Upside-down' flags are an International 'Distress' signal . . . and, "We The People" must take charge, as Washington IS FOR Washington; "We The People" are on our own! But: It is still Our Country!
Face 'Default' and Deal with it! NOW!
and, Please! "Invert Your Flag!"

Roy J Stewart,
Phoenix AZ