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Title: Obama: Time to "eat our peas" and pass debt deal
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URL Source: http://www.cbsnews.com/8301-503544_162-20078418-503544.html
Published: Jul 11, 2011
Author: Stephanie Condom
Post Date: 2011-07-11 12:42:39 by no gnu taxes
Keywords: None
Views: 1814
Comments: 8
President Obama is still seeking the largest deficit reduction deal possible as part of a package deal to raise the debt ceiling, he said in a press conference today. "I continue to push congressional leaders for the largest possible deal," he said from the White House. "It is possible for us to construct a package that would be balanced, share sacrifice [and] would involve both parties taking on their sacred cows." Mr. Obama would not even entertain the notion of failing to get a deal done before the end of the month. "We are going to get this done by August 2," he said. Mr. Obama has been seeking a deal that includes $4 trillion in budget savings over a decade, but House Speaker John Boehner said on Saturday that a mid-size package of reforms -- closer to $2 trillion in savings, with no tax increases -- is the only politically viable solution. Mr. Obama said today that he appreciated Boehner's efforts to try to reach a large deal with him, but that the rest of the GOP must now step up to the plate. "I've been hearing from my Republican friends for some time it is a moral imperative to tackle our debt and deficits in a serious way," Mr. Obama said. "What I've said to them is, let's go." The president said today he would not accept a smaller, short-term deal. "We might as well do it now," he said. "Pull off the band aid. Eat our peas." Republicans have insisted on creating a deficit and debt reduction plan as a condition of voting to raise the debt ceiling - the amount of money that the U.S. government is technically allowed to borrow. The president and his economic team have repeatedly warned of catastrophic consequences for the U.S. and global economy if Congress does not increase the $14.3 trillion debt ceiling by August 2. "Failure is not an option," Treasury Secretary Tim Geithner said Sunday on CBS' "Face the Nation." "The risk we face starts to happen in July, but then on August 2 we're left running on fumes." While leaders from both parties agree that the debt ceiling should be raised before August 2, negotiations remained stalled at a White House meeting Sunday night. The president will reconvene with lawmakers Monday afternoon, and he plans to meet with them every day until a deal is forged.
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#1. To: All (#0)
What is this obsession that this Kenyan and the first Sasquatch have with vegetables? I guess it must be that that is a description of the IQ range of their voter base.
Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …”. Can I get an ‘amen’??
Not drinking the GOP koolaid, or hObama's pee!
Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Tell the wookie.
war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore.
Its my hope the GOP calls his bluff here.
Proxy IP's are amusing.....lmao
Here's the thing about a Ponzi that people don't get. When it's over, like this Global Ponzi is, the question is always asked, "Where did they hide the money?" The Money's GONE....8D There is none. Like the 100+ year FedRes Ponzi you're seeing now and your USSA MSM is Desperate not to talk about. BTW, manipulation of your markets is total...just sayin'...8D " HONG KONG, July 12, 2011 (AFP) Asian stock markets slumped on Tuesday, following a global sell-off as fears grew that the eurozone debt crisis will spread, raising the prospect of a devastating default. The crisis, which came despite eurozone members agreeing to strengthen a multi-billion-dollar fund to prevent Europe's debt woes engulfing other states, sent the single currency tumbling. In the afternoon Tokyo fell 1.35 percent, Sydney shed 1.90 percent and Shanghai dropped 1.26 percent while Seoul tumbled 2.00 percent. Hong Kong was 1.99 percent lower by the break."
Ex 7:10 C Intervention by PPT to cut market losses in 1/2. But can't be talked about because the markets are being ignored by the MSM anyway. BUWAHAHAHAHAHA 8D Meanwhile Europe imploding.
But the thing about market manipulations is that at best they can only conceal/prolong an insolvency crisis. Spin This: Cisco To Fire 10,000 Submitted by Tyler Durden on 07/11/2011 21:43 -0400
Because they are vegetables.
#2. To: no gnu taxes (#0)
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#3. To: no gnu taxes (#0)
#4. To: no gnu taxes (#0)
#5. To: no gnu taxes (#0)
#6. To: All (#5)
#7. To: All (#6)
#8. To: no gnu taxes (#1)
What is this obsession that this Kenyan and the first Sasquatch have with vegetables?
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