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Obama Addresses Debt Ceiling And Potential US Default - Live Webcast
Curious why the teleprompter will grace the president, and the US public, with its presence in a few short minutes? Politico explains: "President Obama will hold a news conference at 11:30 a.m. Monday in the East Room, the White House announced. It will be the final one of his first term. Deputy Press Secretary Josh Earnest said he will discuss the need for Congress to raise the debt ceiling?" Shot every time Obama says "not negotiate", "cut spending", "raise taxes", and "fair." Drink everything, including from the deodorant bottle, if he or a member of the press mentions "trillion dollar coin" or, even better, "build the death star."
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I can`t speak for the whole world, but many cities around the world including Chicago : if you know all the right people in THEIR town you will never be asked to pick up the bill , just as you would never be offended as such in YOUR town.
Paying the check is what freeloading wanna-be-kings
out of Chicago do in their second life as President.
Disclaimer : them dressed like negro kings with impressive fur coats, I had quite a few encounters at the Chicago Hilton in the early 90ties where they rented entire floors in peak season for their parties. No, they were no mobsters
as the hostesses and the umpteen empty bottles of champagne
would indicate, well behaved party dwellers that would
leave orderly at 4am with condoms and bottles strewn around
all over an entire floor of the hotel. Orderly retreat with
two girls to a king and well behaved followers lining up behind...
Back than really strange, just trying to connect the dots...
Warren Buffett or Jamie Diamon should be turning the organ grinder while this knucklehead is jabbering....it would be a nice special effect!
Infinite Debt Ceiling Expansion - "we're not asking you, we're telling you"
Zimbabwe economics!!!
When will the bond buyers start dumping treasuries?
"I'm not going to have a conversation every two or three months about how we reduce our debt...because even having that conversation affects our economy."
How do you spell C-O-N-F-I-D-E-N-C-E? How do you spell P-O-N-Z-I ????
Benny Bernanke and the Fed will have a print fest and buy all the debt.
"Money from nothing, checks for free" - Chicago style.
They keep asking "Why have a debt limit."
Infinite debt and printing. Zimbabwe economics.
Jonathan Karl got the memo. Time to change the subject.
Some of the steps I can take care of through executive action....what a fucker.
Yes, Bush the Lesser showed the way as Cheney taught him how to use executive orders and signing statements. Where is the Dick these days, anyway - have not heard of a friendly shooting in a while.
wiht inflation at over 6% and the GDP at 2%...we can just "grow our way out" of the deficit...right?
Lol, he actually believes there will be future Presidents
Executive action on guns?? More data...
This is better than Monty Python, is he for real real?
We've already defaulted, the debt is unpayable.
So Barrack...we pay our monthly bills (debt ceiling) but avoid dealing with the generational debt (national debt)? Makes sense to Paul Krugman I suppose.
Aside: Hey dumb fuck reporter - this is not a press conference about gun control.
Obama - People are lining up to buy guns so we can defend ourselves and the Constitution from rapacious ideologue tyrants like you!
Go ahead and say what you are thinking Obummer.....Damn bitter clingers and their fucking guns!
RESPONSIBLE GUN OWNERS DON'T HAVE ANYTHING TO WORRY ABOUT!
Unless you own an assault rifle.
Unless you own a modern sporting rifle.
Fixed that for you.
Might I suggest "anti-assault rifle"?
Exactly - unless you own a rifle that is nearly as good as the one the Police and the Armed Forces are carrying.
"We can oppress you if you have revolvers, shotguns, and .22's; we can't have the populace owning the same rifle as the military AND voting."
The catch is , owning an AR type rifle puts you on par
with Police and Armed Forces, the entities that should be
banned from getting their hands on weapons because of a history of abuse on a grand scale for at least the last century. Ban non-militia ownership of weapons, because
their ain`t no stops once they get into imperial hands.
The ability to spraying bullet`s gives the never-been-to-combat the impression of high fire power, and rightly so.
The likelihood of such a make-a-last-stand scenario are
rather small, though.
Teach your children on the ballistics of how to get a
solid through a helicopter windscreen on 800 yards.
Wonder who's a responsible gun owner in Barry's world? FBI, DHS, BATF?
You have everything to worry about if you are not hired muscle of the state.
Even Nancy Pelousy herself states that since 2004 less than 400 people have been killed by Assault Rifles. Seems pretty responsible to me bitchez.
I'm not quite sure why you are getting junked. I can't determine if it's the anti- gun junkies or people just not getting your post.
I defended Trav last week, it will take a while for the control freaks to get over it.
That'll do it every time. I'm surprised you weren't tossed ou onto the front porch.
I am Jack's frostbite.
That is right. All ten of you. Now, the rest of you gun owners.....we need to have a discussion.
Irresponsible gun owners don't give a shit. Who cares about the law, anyway? What Law? Gonna kill that fuka anyway I can. Believe it.
Maybe Obummer is fixin' to lock up all the irresponsible gun owners before they commit a crime? I think I saw something like that in a movie a number of years ago. Department of Pre-Crime, soon to be a part of a Law and Order group near you and always at your transportation facility.
1984 2013
Yes, Unlucky 13 is here! Maybe this one will get us ...
http://spaceweather.com/images2013/14jan13/hmi4096_blank.jpg
Fries with that X-flare?
These people are completely out of touch with America..........
Not quite, they are Putting the touch on America. Remember, when the host dies the parasites are long gone.
But completely in touch with Tyranny.
This guy needs to be in a cell at Leavenworth.
I know and have many American friends whom I admire and love.
Sorry yanks, so are so screwed.
I put the clip on mute .... on pause .... it kept coming back on .... you don't know how good it feels to take the pledge .... and take that asshole out of your life .... I just couldn't stand the phony tone of his voice .... I'm going to listen to some Frank Sinatra .... to purify my mind .... what a relief .... just don't listen to him ! Blessed silence works great, too !
Here we go with the "millionaires and billionaires" crap.
Budget ?
Obama keeps referring to "balanced" and "responsible". There is nothing about him that is either.
His pending word cloud needs to inlcude "uh" and "um".
also 'GOING TEH'
They will keep the Ponzi-Scheme Beneficiaries (baby boomers) happy.
I think he just called the republicans terrorists in not so many words. lulz lulz lulz
There is nothing anyone of us can do while this stupid fucker and his crony friends destroy our country from the inside out...Why does he want to raise the debt ceiling $8 trillion? Probably because he envisons that's how much more debt he will accumulate in the next 4 years. By the time this moron is done we'll be like Kazahkstan.
Hey Obama, you and the CONgress have already defaulted on your obligations by selling out the American citizen to Wall Street and your own hunger for power and central control (N.D.A.A., FED, IRS, BATF, DHS, etc.).
Matt Spetalnick from Reuters. Good doggie! You get a treat!
CUT SPENDING YOU MOTHERFUCKER !
I could have done without the video of that idiot.
funny how he has :
reduce the deficit vs. pay our bills
We don't want you to "reduce" the deficit, we want you to start paying our debts for real, no borrowing more !!!!!
exactly...not one question about what the target debt/gdp SHOULD be, nor what plans for interest on debt, once the Fed stops QE and the average cost doubles, with interest on govt debt increasing to 640 billion now to 800 billion at 20 trillion...ffs..washington still thinks that saving 4 trillion over ten years is good enough when the starting point is ten trillion over ten years
Got that story out to all even while the conman still speaks.
Obama demands quick action to raise debt limit
By By JULIE PACE, AP White House Correspondent – 7 minutes ago
WASHINGTON (AP) — President Barack Obama demanded Monday that Congress raise the federal debt limit quickly, warning that "Social Security benefits and veterans' checks will be delayed if they don't," and cautioning Republicans not to insist on concessions in exchange.
"They will not collect a ransom in exchange for not crashing the economy," he said at the final news conference of his first term. "The full faith and credit of the United States of America is not a bargaining chip. And they better decide quickly because time is running short."
"We are not a deadbeat nation," he declared.
The president also said he will soon ask Congress to enact new gun legislation in the wake of the shootings a month ago that left 20 elementary students dead in Newtown, Conn. Facing stiff opposition from the National Rifle Association, he conceded lawmakers may not approve everything he asks for.
Among the proposals under consideration are a ban on assault-style weapons and high capacity ammunition magazines. Obama said he would unveil his proposals next week. He was meeting after his news conference with Vice President Joe Biden, his point man in producing gun control measures to present to Congress.
Obama opened his news conference with a statement noting that a vote to increase the debt limit "does not authorize more spending. It simply allows the country to pay for spending that Congress has already agreed to. These are bills we've already racked up and we need to pay them."
Obama said he was willing to consider future deficit cuts, but only if they are done independently from a vote to raise the $16.4 trillion debt limit.
In a blunt rebuttal to Republicans who say they will not agree to any more tax increases, the president said taxes and spending both must be on the table.
He said he is "open to making modest adjustments to programs like Medicare to protect them for future generations," and wants to close tax loopholes at the same time.
Obama spoke less than a week before his inauguration for a second term, and several days after he signed legislation that narrowly averted a "fiscal cliff" of automatic spending cuts and across-the-board tax increases.
Combined with other bills he signed earlier in the term, he said he and Congress have reduced deficits by about $2.5 trillion over a decade, somewhat less than the $4 trillion he said is necessary to get them down to a manageable size.
"I'm happy to have a conversation about how we reduce our deficits in a sensible way," he said, but added repeatedly he wasn't willing to let congressional Republicans use the debt limit as leverage in negotiations over spending cuts.
Failure to raise the debt limit would put the United States into a first-ever default, a step that Obama said could "blow up the economy."
Congressional Democrats have recently urged the president to lift the debt limit unilaterally. He said — as he has before — that he won't do it, that Congress had voted for the spending that resulted in federal borrowing, and should now agree to pay the bill.
Copyright © 2013 The Associated Press. All rights reserved.
tHE aMERICAN pEOPLE = oBAMA VOTERS
eVERYONE ELSE IS OUT !
nO PHoNE FOR YoU !
I'm at a burger joint and they just switched him off for ESPN after he said they were close to balancing the budget over 10 years
is this fuck for real or am i dreaming. what an embaressment to this country.
Why am I listening to this bullshit?
Muslims don't believe in diversity bitch........... -BH Obama-
One thing you can do is stop threatening the american people with dictatorship and executive orders.
And please stop attacking an individuals right to defend themselves their family and their property.
Adopt a pro-choice stance on guns. If you don't want one don't get one.
That's the best control individual choice.
You notice there is on his part NEVER an offer to produce a plan, or negotiate.
No, like any tinpot dictator,it's his way or the highway.
After the last 4 years of looking at Soviet-US relations, I am becoming more convinced that the guy is a Kremlin mole.
I am 100% convinced he wants this country destroyed.
Just playing his part as actor/salesman... He's more like the receptionist that doesn't let you get a meeting with the real Mister Lizard
Denise Helms of California has an opinion too:
http://gawker.com/5959209/woman-who-called-for-nigger-obamas-assassinati...
Let this Mother Fucker burn down stop delaying the inevitable ...
Hey Big Spender. Spend a little time on the deficit!
I'll play cards with you.
Is he losing his mind?
This is some odd rambling.
Paul has determined that it is inconceivable that Peter not pay his bills -
His last comments are about partying!
Oh my god - he won't shut up. What is he talking about? Calling up people to play cards? Being alone in a big house?
his ears are sticking out even more like the guy off the MAD comic!!!!
Green shits, I mean shoots from the soon to be 2013 gun and ammo salesman of the year!!!
Does anyone else here want to punch him in the nose.
Forget, him not American
Forget, him being a warmonger
Forget him being a Rothschild lackey
Forget him printing more money than God
Forget him for the utter hypocrisy
But don't forget, he & his ilk, Bush to Woodrow-Wilson sold the USA.
The Russo-Sino's are laughing uncontrollably.
Obama wants congress to hand over power to control the debt ceiling handed over to the president.
It won't be long before there is no Congress.
Ha-Ha. I await for Reps who don't agree with HIM to be arrested under terrorism charges!
Given the bunch of limp-wristed pu$$y-f@ggots in there now, theat may not be a bad thing.
Smacker...you been in a coma? Of course
Edit:
When 10,000,000 Americans say he wants power to control the debt ceiling handed over to him, others can simply say "they're Reps and they're being partisan". But I'm an independent Brit with little to gain from US politics - but that is also what I inferred from his press comments. You may see a foreigner's independent opinion as useful. Or not. It's up to you.
I watched for less than 5 minutes and couldn't even count the huge number of lies and outright distortions he told. Disgusting.
This debt is spiraling in trillions.
And the radical Left is misreading the November election as support for welfare, banker control and all the rest.
Voters, IMO, dismissed Romney because they really feared the growth of Empire. And the Republicans - their treatment of Ron Paul, their talk about Islam, their “we-can’t-cut-the-military-spending” mantra - looked out of control. And Romney was their poster boy.
And to cap it all off, Romney went to Israel for a fund raiser during the campaign. Did he go to Paris? London? No! It was Israel.
It is a false reading for the media to keep going back to the election to say Obama won it all.
Americans did not say what we want is more illegal immigration, what we want is for the government to spend more money, what we want are more welfare programs, more restrictions on movement and privacy and people’s income, more war…
What they said is if you’re going to give us a choice between Obama and Romney, those of us who vote will take Obama. The 2012 election turned when Netanyahu was in the U.S. for a conference and Obama said he was too busy to meet with him. It was a signal that Obama’s foreign policy would be less aggressive in the Middle East than Romney’s. And with polls showing Americans increasingly weary of Middle Eastern wars, Obama began addressing the youth vote with a more contained foreign policy. And the polls showed almost an instant switch to Obama.
Obama’s gun control grab is a good example that his Adminstration is going way beyond its support.
Today is the point where the radical Left tries to take over the government and go to full control of the state, end runs around the Congress; and they don’t have the support of the people to do it.
And failing that change, they are going to be overcome with the people’s cry for a system change of better representation for what the people want.
Romney did come tp London and he said London was not capable of running the olympics.
Did you listen to what he said? What a bunch of horse manure.
In summation, our great leader said that he has already proposed $2.5 Trillion in spending cuts. $2 Trillion from actual cuts and $500Billion from interest that would have incurred because if he hadn't made the $2T in cuts it would have caused the USA to pay additional interest. He then went on to say we need a total $4 Trillion to eradicate the deficit spending and stablize the economy, so he needs the Repubs to agree to another $1.5T in reduced spedning.
It's like saying, I don't want my future grandchildren to have red hair so I will stop eating tomatoes. What kind of crap is Obama peddling?
A) He never proposed $2 Trillion in spending cuts. Remember we haven't had a budget since 2009. The cuts he proposed are not "net" cuts. If he includes the spending increases, he is actually increasing the debt. And furthermore, the cuts that he did propose occur over 10 years.
B) The actual deficit is in the neighborhood of $1.3 Trillion. Current Taxes paid by US Taxpayers= $2.2T. Actual Spending =$3.5T. ACTUAL SPENDING CUTS NEED TO OCCUR !!!!!
Many here with no historical perspective when it comes to Obama. He is only one in a long parade of US presidents who have sold out to big money. "Obama, big government and spending are the problems." No, our government is controlled by big money and they are calling the shots. That's the problem and its been the problem for quite a long time folks. Obama, like Bush II, Clinton, Bush I and Ronald, is just occupying the office. He runs with the same script and mouths the same bullshit as the others, no more, no less. The problem goes way beyond Obama. The "issues" deemed critical and force fed to the public through the propaganda machine are mere grand theatrics to numb the masses. The entire political process is a farce, a deception perpetrated on the American people by those who control that very process for their enrichment. So, blame Obama for everything if it satisfies your need to vent, but remember, that's exactly the response sought from those standing behind the curtain and calling the shots. Those characters should be the targets of your rage.
If there was a big sewage backflow in your area and when you come sewage is up to your ceiling do you raise the ceiling of get rid of the shit?
Barack Hussein Obama, the 44th and LAST President of the United States
Reduce spending? Stop WW3 now. Blowing up the entire world so you and you're retarded buddies can live underground and then create some kind of hydroponic small world wonderland above ground is absolutely disgusting and manical. Besides if you make revelations real you're only promoting the crackhead christain right. Do you really want to do that? Do you want to go down in history as the black Hitler? Hitler murdered 6 million jews and his entire population and most of Eruope and millions of Russians. Nice legacy. Stop this horseshit now and the bring peace and prosperity back. And then the nut job Jesus freaks can go back to walking around with crosses in the french quarter.
Federal Reserve Chairman Ben Bernanke is scheduled to speak and answer audience and online questions at the University of Michigan.
http://goo.gl/4Qwof
U can ask questions on Twitter !!!!
the conference with Ben Bernanke starts at around 4 p.m.
Live with Twitter questions !!!!!!!!!!!!!!!!!!
I can't imagine the Bernank saying anything other than "Print money." It's just something I can't do.
What many of you are failing to realize is that this "Empire" will not burn down. They indeed do have a plan, and the plan fits very nicely into the socialist/communist manifesto/creed. Its a slow death, weeding out the die hards, and making more and more of the populace poor, and reliant on the government for support and handouts. This is ALL planned. Big business runs this country as do the banks. They want TOTAL control. Funny how several people I know are all receiving notices from different banks and credit unions saying that non interest bearing accounts or interest bearings accounts with a balance greater than $250K are NOT FDIC insured. Hmmmmm...
Seriously though, take what you can now, because when this bitch is over, no one will have anything, and we will resemble Zimbabwe (as will the rest of the country)... Soros, Et Al, want a massive die off, and they will get it...
Gov. better start gathering up bomb fragments and see what it's worth after it's used. We paid for it once and now that it's gone I'm not paying for it again.
I'm at zero so Obomber can choke on his own Hairy Boner wad.
Think about how to make money instead of how to steal money. That's what even half way descent people try to do every day.
Lemme get this straight: He won't save us by fixing the Debt (not American), and he won't let us default either (not a Muslim or KGB plant).
Well, what is he then? A 'Familiar-in-Chief' for the Bankster vampires?
Let them eat paper?
never a truer word spoken in jest
This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined.
And the Rothschilds Smile *0)
This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined.
And WHO's fault is that???, I know Bush.
Why is it every time I see that photo of Obama,I picture my steel toe work boot in the middle of it ?
Photo enhancement..????
I don't know.
5 Questions we missed being asked, courtesy of Breibart.com:
1. Mr. President, in four years, have you ever proposed a budget that reduced government spending and debt?
2. If you are concerned about our debt, why did you sign a fiscal cliff deal that adds $4 trillion to our deficits?
3. Is "Congress" as a whole is the problem, why has the Democratic Senate not passed a budget since 2009?
4. As a member of Congress, serving four years in the Senate, why did you vote for increased spending?
5. If raising the debt ceiling is an imperative for our nation's economy, why did you vote against raising it?
http://www.breitbart.com/Big-Journalism/2013/01/14/Five-Questions-Media-...
Now Krugman is trying to resurrect the old Reagan yarn about Space Aliens, but with a Krugman-spin: "If we were attacked by Space Aliens, suddenly our debt would not matter..."
This new Krugman angle is probably due to...
A. He is desperately trying to keep himself relevant. And go for Nobel Prize II?
B. He's a shill for The Fed & Friends, who are trying to keep the World Reserve Currency game going
C. The NWO crowd needs (B) to further their aganda
D. The NWO crowd want/need a "Noah's Ark II". Either on earth a la movie "2012", in orbit, or on the Moon. The Moon base is a la Moon-Unit-Ginrich and his position in the 2012 Republican Debates.
E. He and his bankster friends will first infiltrate ("Human Rights" and all), then take over the Space Aliens' monetary system and rule the galaxy -- while still... "doing God's work", per High Priest Blankfein. And Krugman will go for Nobel Prize III.
And the Answer is...? Tick, tock, tick, tock...
AgAu_man: "I'm thinking "B", but suspect "C". But what the heck... I'll 'go for broke'. I'll see Dr. Krugman's far-out view and raise him. I'll pick "E": They plan to "Do God's work" over the whole Galaxy."