« | »

Obama To Get Another $1.2 Trillion Dollars

From an unfazed Washington Post:

Obama asks Congress for debt limit hike

By David Nakamura
January 12, 2012

President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action.

Congress will have had 15 days to say no before the nation’s debt ceiling automatically is raised from $15.2 trillion to $16.4 trillion.

What a laugh. Thanks to the deal they made back in August, Congress has no power to stop this increase. Even if they say no, Obama can override them.

In a letter to House Speaker John A. Boehner (R-Ohio), Obama wrote that ”further borrowing is required to meet existing commitments.”

And who made most of these "existing commitments"? (Hint: Obama has tripled the deficit.)

Obama had sought to make the request at the end of last month, when the Treasury came within $100 billion of its borrowing limit. However, with Congress on recess, lawmakers from both parties asked the president to hold off. The House is out of session until Jan. 17, and the Senate until Jan. 23

Huh? Who says the Congress is in recess? Is the Washington Post calling Mr. Obama a liar?

Under an agreement reached in August, Congress and the White House moved to raise the debt limit in three increments while also implementing $2.4 trillion in budget cuts.

So where are the $2.4 trillion in budget cuts?

The deal, however, also gave Congress the option of voting to block each of the debt-ceiling increases by passing a “resolution of disapproval.”

Even if such a resolution were passed, Obama could veto it, and he could be overridden only by a two-thirds supermajority in each chamber

Which just goes to show how much power Congress gave away back in August. Without the power of the purse, they have nothing.

And they have also just given away their power to advise and consent.

This article was posted by Steve on Friday, January 13th, 2012. Comments are currently closed.

5 Responses to “Obama To Get Another $1.2 Trillion Dollars”

  1. Mithrandir says:

    How much more backwards and perverted can the system possibly get? (and I am afraid of that answer…)

    Instead of having a super majority to raise taxes, it now takes a super majority to block an automatic tax increase?

    If the House has power over spending, has power over the check-writing process, then really, they have ALL the power. Anything can be passed, and 1000 more czars can be hired, and 1000 more departments can be invented, but if the House cuts off all the funding for each, then the issue is over.

    What happened to these people? Do they still have this power and not using it, or have they given away this power and can only passively stop spending? I’m confused.

    • tranquil.night says:

      This is when I uncomfortably find myself asking whether the Republican Establishment is incompetent, or intentionally caves because their power and lobbying base is threatened too, by the encroaching forces demanding reform to the status quo of buy-offs and thuggery in DC.

      Quietly choking off the Tea Party and festering schisms among Republicans since the moment the 2010 elections were in. It can’t be denied. All the missed opportunities which have made the path back to prosperity that much harder, getting out-maneuvered by Dumbocrats to the sorry state of the primary currently, these were the big accomplishments of the Republican Elite one year following the biggest rebuke of the opposing political party in a generation.

  2. canary says:

    Mitt Romney is for the government paying $2000 incentive for each “head” businesses hire.

    Gave an example of of companies that hire someone that hasn’t worked in a year. Said this April 2010 at the Emory University lecture he gave to business students.

    • tranquil.night says:

      Watched that part of the video again Canary, and I think that incentive was a Mass. State policy, so it’s not entirely clear if he would clone that nationally. Still, it’s more evidence of Mitt the micro-manager for activist government.

    • canary says:

      My interpretation was that he was advising in future all governments to do this if they are as brilliant as he is.

      Mitt’s opinion on continuous Obama-Care mandatory requirements for individuals to buy health insurance and be penalized through taxes if they don’t buy it….doesn’t say state or federal taxes and that’s where the water is muddied that states make the choice.

      One thing I’ve tried to tell liberals is that Obama Care is not free health care. It is mandatory they will have to pay $500 a month.

      The federal IRS and the thousands of employees Obama already hired to run the health care is going to be layers of red tape for the impoverished to be exempt for paying and the IRS can come back 20 years or forever and destroy lives for ever.

      And even if Mitt means States should take the taxes, taxes in states will go up to hire more state workers to run our lives which all the states are doing in their own micro-managing.

      Bar-coded licenses plates in some states in affect to be signaled at any given second to cars uninsured will be costly in the judicial system and require more employees. The penalties most likely will not be paid.

      This system will not be paid for a long time. They will have to mandate they can sell the cars upon
      impounding.

      The States are so far gone in micro-managing people Congress will most likely go with any federal regulations Romney will pursue.

      Romney knows personality is he knows more than anyone else and he will do what he thinks is best just as his Mormon religion is the best to the point of pestering people and endangering lives of young men on bicycles in this day and age,
      and robbing our youth of their pursuit of education and companionship for 2 years.

      I realize Beck had to become a Mormon in order to marry his wife as the religion requires.


« Front Page | To Top
« | »