Obummer wants more money....

[coppertales]

He is asking to raise the debt limit 1.2 T and it looks like he is going to get away with it.... The White House plans to ask Congress for an increase in the debt limit before the end of the week, according to a senior U.S. Treasury Department official.

The debt limit is projected to fall within $100 billion of the current cap by Dec. 30. President Barack Obama is expected to ask for additional borrowing authority to increase the limit by $1.2 trillion.

Under the new budget, Congress can only vote to block the debt-ceiling extension with a disapproval resolution. Lawmakers have 15 days within receiving the request to vote down the debt limit increase.

The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request. (Reporting By Margaret Chadbourn; Editing by Neil Stempleman)



Read more: http://www.foxbusiness.com/politics/...#ixzz1hwmBSaN0

[CigarGuy]

This was the one that those evil Tea Party candidates almost "shut down the government" what, 4 months ago?

[LAGC]

Republicans will cave, just like they did over the Payroll Tax holiday extension a few days ago.

The Tea Party is all bark, no bite.

[CigarGuy]

Republicans will cave, just like they did over the Payroll Tax holiday extension a few days ago.

The Tea Party is all bark, no bite.

<nodding> Obama's got their number.

[Warthogg]

Republicans will cave, just like they did over the Payroll Tax holiday extension a few days ago.

Yup.....the Dims have Speaker Boehner on retainer.


Wart

[mriddick]

I guess this is the point when someone should ask who's going to be the first to give up 40% of what they get from the gov't so raising the debt limit isn't needed...

[1 Patriot-of-many]

I guess this is the point when someone should ask who's going to be the first to give up 40% of what they get from the gov't so raising the debt limit isn't needed...

Gotta start somewhere and soon before it's bankruptcy and they get 0%

[mriddick]

Gotta start somewhere and soon before it's bankruptcy and they get 0%

In all fairness if we are going to ask those who get a gov't check to with less, shouldn't those who pay into the system but don't yet collect pay more as well?

[O.S.O.K.]

I guess this is the point when someone should ask who's going to be the first to give up 40% of what they get from the gov't so raising the debt limit isn't needed...

How about the millions of porch monkeys on the take? Let's start there. And this is not a racial referrence - I am talking about all of the people that can work but don't because they can get free shit from the govt... and right along with them - all illegals need to be expelled and denied their free shit.

Basically, get rid of all of the free shit being given to non-taxpaying leaches.

OK? How's that.

[O.S.O.K.]

In all fairness if we are going to ask those who get a gov't check to with less, shouldn't those who pay into the system but don't yet collect pay more as well?

What, are you a communist? Comrad mriddick.

Why should we? What in the hell is your point?

[samiam]

there can't be any sacred cows allowed if "porch monkeys" have their benefits reduced the military industrial complex and other corporate "porch monkeys" have to suffer the same fate

[mriddick]

What, are you a communist? Comrad mriddick.

Why should we? What in the hell is your point?

Nope old fashion fiscal conservative, spend only what you bring in, pay for what you want. I understand it's out of fashion amongst the new breed of economic conservatives, what can I say I guess I'm an throw back to an time that's passed ...

[mriddick]

there can't be any sacred cows allowed if "porch monkeys" have their benefits reduced the military industrial complex and other corporate "porch monkeys" have to suffer the same fate

Well I've said for years anyone could fix this mess in about an hour if they had the power to do it, the problem is when the politics of the mess gets involved. The whole cut someone else but not mine is a ruse that just produces gridlock in today's political climate. You are correct in that's it going to take all of to give us something if the problem is going to be fixed.

[old Grump]

Average cost to run congress, house and senate is 16.3 billion a year. cut the staff in half like those who cannot pass a security check or a drug test and there is 8 billion in savings without even leaving the halls of congress. Do the same in the White House, just salaries cost us 37.1 million without adding in the cost of Queen Michelle's entourage. Bet we could cut that by 9 million.

Then make Michelle pay for her own hair dresser and secretary. Right now her staff costs the US taxpayer 1.6 million annually and that doesn't count her $400,000 costs for each of her frequent vacations just for travel and living expenses.

How bad do we need DEA, BATF, DOE and how about making the department of energy actually do its job or close up shop and go home. I'm afraid to go through those numbers.

Not everything I can think of but it's a good start for the first week.

[mriddick]

Average cost to run congress, house and senate is 16.3 billion a year. cut the staff in half like those who cannot pass a security check or a drug test and there is 8 billion in savings without even leaving the halls of congress. Do the same in the White House, just salaries cost us 37.1 million without adding in the cost of Queen Michelle's entourage. Bet we could cut that by 9 million.

Then make Michelle pay for her own hair dresser and secretary. Right now her staff costs the US taxpayer 1.6 million annually and that doesn't count her $400,000 costs for each of her frequent vacations just for travel and living expenses.

How bad do we need DEA, BATF, DOE and how about making the department of energy actually do its job or close up shop and go home. I'm afraid to go through those numbers.

Not everything I can think of but it's a good start for the first week.

How about we cut it all to 10% of what it is now and leave just the military, SS, medicare, interest payments and mandatory spending alone?

[O.S.O.K.]

there can't be any sacred cows allowed if "porch monkeys" have their benefits reduced the military industrial complex and other corporate "porch monkeys" have to suffer the same fate

Corporate porch monkeys? Really. The military can make cuts yes, but you are talking about a true, Constitutional function of our federal government. The rest is BS that was developed to curry favor and votes.

Corporations would be fine if we didn't make them pay stupid assed taxes. Stop the corp tax and stop the corporate welfare - fine by me.

There are so many reforms that need to be made.

mriddick, the people paying into the sytem with their taxes are not the problem and once again, are not "on the take" when they get some of their money back from the coerced SS program. I am not a communist or a socialist for wanting my fucking money back. Stolen money. Your continued bleeting about this is beyond the pale. Why don't you focus on the people that are the real problem?

[mriddick]

.

mriddick, the people paying into the sytem with their taxes are not the problem and once again, are not "on the take" when they get some of their money back from the coerced SS program. I am not a communist or a socialist for wanting my fucking money back. Stolen money. Your continued bleeting about this is beyond the pale. Why don't you focus on the people that are the real problem?

I'm sure you're not a socialist or a communist, you just want your share of the socialist program you paid into. What can I say it's a very popular program and politically that's hard to ignore. Still though I've never said it's the people on this socialist program that's the problem, it's the socialist program that isn't fully funded fully that's the problem. Whether you want to admit or not the deficit problem is being driven by SS and Medicare costs growth. You want your SS and Medicare, I want SS and Medicare, so let have an honest discussion about the system's real costs and figure out if we can pay for it all.

We really ought to do this for the entire budget. Do we need to spend almost 1/3 of our tax revenues on the military? Do you realize just the military, SS and medicare costs are roughly as much as we take in in taxes? By the 2040's just SS and Medicare will cost more then tax revenues? Unless you are willing to talk cuts in these programs or tax increases something is obviously going to have to give...

Oh buts that's right you want all you paid in and interest too...lol

Back to the OP, the problem with the budget is on the order of us as a nation spending 40% more yearly then we take in. I'm all for cutting the slackers, although politically speaking what is a slacker to one person often times is a mandatory expense to another. But lets say you can cut the slackers and every drop of waste, how much are we talking 20-25% at most (being generous IMO), that leaves 15-20% either needing cut or taxes raised.

[arcangel]

I agree with cutting the dead weight of those who collect but don't pay anything into the system. Those who can't pass a drug test, and those that keep having kids for the check they receive and don't know how to work other than to suck a dick. I swear I'm SURROUNDED by these people. I've seen fast food restaurants that accept food stamps, that threw me off. The military could take some cuts along with other government agencies. I'd also like to see the bastards in Washington take a pay cut, how much of the money they borrow actually to the programs they say it does? How much goes in their pockets? Its like mid evil Europe, 2% rich as hell, and 98% dirt poor and they won't be happy until that happens. Some dark times are in the works here. The mil and government agencies won't get cut, those are the people that will released on us like the hounds of hell.

[LAGC]

Social Security and Medicare are two of the best examples of successful socialist programs ever seen in the history of man, and indeed, they are very popular. Hard to find a senior citizen (or even people in their 50's, near retirement) who will give them up.

the people paying into the sytem with their taxes are not the problem and once again, are not "on the take" when they get some of their money back from the coerced SS program. I am not a communist or a socialist for wanting my fucking money back.

A lot of people make the mistake of thinking they are "investing" in their own retirement through their payroll taxes -- NO, your taxes being paid now are being redistributed to those who are retired and disabled now. You don't get "paid back" from your "investment", NO, its future people whose income is taxed and redistributed to YOU, once you retire or become disabled.

It's the most basic Marxist formula: "From each according to his ability, to each according to his need."

We already have redistribution of wealth in this country, people just don't want to admit it because they like it when they eventually get to suck off the government teat.

(Even Ayn Rand collected SS for years even though she hardly "paid into" it. Hypocritical selfish bitch.)

[1 Patriot-of-many]

Social Security and Medicare are two of the best examples of successful socialist programs ever seen in the history of man, and indeed, they are very popular. Hard to find a senior citizen (or even people in their 50's, near retirement) who will give them up.

I'm curious how programs that are going bankrupt are successful? Then all those banks that crashed on their gov't induced ponzi schemes are successful too? Successful because they turned free people into dependents? Is that what you mean?