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OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!

 
Luisport

User ID: 29136456
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12/05/2012 11:22 AM

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OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Business Insider‏@businessinsider

OBAMA: There Won't Be A Debt Ceiling Negotiation This Time by @brettlogiurato [link to read.bi]
Luisport (OP)

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12/05/2012 11:23 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
ahhhahhhahhhabombahhhahhhahhh
Anonymous Coward
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12/05/2012 11:23 AM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Ooo I'm almost afraid.
Luisport (OP)

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12/05/2012 11:24 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
In "off-the-cuff" remarks at the Business Roundtable in Washington, D.C, today, President Barack Obama was firm in a stance that he would not be "playing that game" of negotiating the raising of the debt ceiling. He said a rise in the debt ceiling would have to be a part of a deal to avert the so-called "fiscal cliff."

Obama quoted John Engler, the president of the Business Roundtable, who charged that it's "not a good weapon for anything except destroying our own credit rating."

"We are not going to play that game again this year," he said. "... We've got to break that habit before it starts."

Obama maintained that it's "not possible" to raise enough revenue by simply eliminating loopholes and deductions in the tax code in a deal to avert the so-called fiscal cliff.

Obama maintained that for a deal to be reached with Congressional Republicans, marginal tax rates must rise on incomes above $250,000.

"The notion that some how we're just going to eliminate charitable deductions is just unlikely," Obama said.


Read more: [link to www.businessinsider.com]
Luisport (OP)

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12/05/2012 11:25 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
zerohedge‏@zerohedge

The Chart That Obama Should Have Checked Before He Started Speaking [link to www.zerohedge.com] …
abeliever

User ID: 17868616
United States
12/05/2012 11:26 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Good morning, Luis!

bump




Yikes!!!

Here we go in the USA!



byekitty
Anonymous Coward
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12/05/2012 11:27 AM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Let's just rise the debt limit to a gazzilliontrizzillion dollars!

ohappy

That's $1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,00​0,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000​,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,​000

(unless I forgot some zeros)
Luisport (OP)

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12/05/2012 11:30 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Good morning, Luis!

bump




Yikes!!!

Here we go in the USA!



byekitty
 Quoting: abeliever


Hi my friend, this is not a good thing for your president to say... this will scare the markets!
abeliever

User ID: 17868616
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12/05/2012 11:34 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Yes, Luis. He has scared many of us already. Now the markets...UGH. Pray for us.

I just moved from the midwest to the east coast. I was there for three years. Store after store, and restaurant after restaurant closed. It was sad to see this. More to come, I'm afraid.
Luisport (OP)

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12/05/2012 11:42 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Yes, Luis. He has scared many of us already. Now the markets...UGH. Pray for us.

I just moved from the midwest to the east coast. I was there for three years. Store after store, and restaurant after restaurant closed. It was sad to see this. More to come, I'm afraid.
 Quoting: abeliever


really? So it's like Europe countries now... all business closing!
Luisport (OP)

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12/05/2012 11:46 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Obama rejects Republican 'fallback' budget

By Greg Robb WASHINGTON (MarketWatch) -- President Barack Obama on Wednesday rejected a nascent Republican plan that would have extended the bitter fight over the fiscal cliff into next year, closer to the deadline when the statutory borrowing limit must be passed. A report in the New York Times said this fallback position was gaining favor among Republican leaders. It would allow them to gain more leverage knowing that an increase in the debt ceiling must be passed. But, in blunt terms, Obama said that he would not negotiate a budget deal with the threat of the debt limit hanging over his head. "That is a bad strategy for America...and it is not a game I will play," Obama said.
[link to www.marketwatch.com]
Anonymous Coward
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12/05/2012 11:47 AM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
the effective tax rate is over 100% because after you pay what they say, they say you still owe for 'your' piece of the national debt, and that happens to be more than you have, and likely more than you've ever made.

Thew will take what they can get with impled threats, and when that no longer works they'll show up with a truck and a locksmith and put you on the street if you cant come up with 2 mill cash.
Luisport (OP)

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12/05/2012 11:47 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
John Houlehan 5pts
7 minutes ago "That is a bad strategy for America...and it is not a game I will play," Obama said.

But he is willing to play the game of the fiscal cliff only if tax rate increases and debt ceiling is lifted?

[link to www.marketwatch.com]
Anonymous Coward
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12/05/2012 11:51 AM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Fuck him.

Don't raise the debt ceiling. Go over the fiscal cliff.

Laugh your ass off.
Luisport (OP)

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12/05/2012 11:52 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
from FRANK KERRY 5pts
9 minutes ago @John Huffman OBAMA,is acting like he won 48 states!

someone needs to remind him,49% of us

don't agree with his policies,the Republicans

will get blamed for going over the cliff,but he

won't come out untarnished,nor have decent

relations with the other side,he's misguided!


ShareFlag4LikeReply


from TERRY NONGIVEN 5pts
5 minutes ago This is the danger of the second term and term limits - he has NOTHING to loose. He is gainfully employed for the next 4 years, guarenteed to loose his job after those 4 years, and from there on out, $1million speaking engagements.
[link to www.marketwatch.com]
Luisport (OP)

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12/05/2012 11:59 AM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Business Insider‏@businessinsider

The Debt Ceiling Is Coming Back, And People Are Talking About The Infamous 'Trillion Dollar Platinum Coin' Solution [link to read.bi]
onceandfutureking

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12/05/2012 12:08 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
drevil
one trillionbazillionfogillionhundredthousandmillionbillion dollars
leading after the downfall
Anonymous Coward
User ID: 1461756
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12/05/2012 12:09 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
University of Michigan...ummm, Detroit is in Michigan.

Councilwoman from Detroit said, "we voted fo yo ass, now
come bail out what wez call ourz asses."
Anonymous Coward
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12/05/2012 12:11 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
I'm am now more flexible.
odance
Anonymous Coward
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12/05/2012 12:12 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
I'm am now more flexible.
odance
 Quoting: Anonymous Coward 25470581


I'm am
Luisport (OP)

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12/05/2012 12:15 PM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Eric Cantor‏@GOPLeader

The House will not adjourn the 112th Congress until a credible solution to the fiscal cliff has been announced.
Mrgravyard

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12/05/2012 12:16 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
I said it before and I will say it again..
There will be no America in 4 years.
Obama is here to Bring down America and he will do it..
Sadly..
Anonymous Coward
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12/05/2012 12:18 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
University of Michigan...ummm, Detroit is in Michigan.

Councilwoman from Detroit said, "we voted fo yo ass, now
come bail out what wez call ourz asses."
 Quoting: Anonymous Coward 1461756


Whoops, let me clarify, BO gets my BP up where my thinkin' gets cloudy...Zerohedge has a graph with a "survey", that is my reference to U of M.
Anonymous Coward
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12/05/2012 12:20 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
GOOD RIDDANCE AMERICA .. YOU SUCK!
Anonymous Coward
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12/05/2012 12:21 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Eric Cantor‏@GOPLeader

The House will not adjourn the 112th Congress until a credible solution to the fiscal cliff has been announced.
 Quoting: Luisport


The Artificial Fiscal Cliff is not Credible!
Anonymous Coward
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12/05/2012 12:26 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Anonymous Coward
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12/05/2012 12:30 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
GOOD RIDDANCE AMERICA .. YOU SUCK!
 Quoting: Anonymous Coward 7666238


3 buttons and your country is gone... so show some respect for the MASTERS OF WAR bich!
Luisport (OP)

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12/05/2012 12:31 PM

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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Business Insider‏@businessinsider

PETER SCHIFF: Eliminating The Debt Ceiling Would Be So Bad That It Could Be Good [link to read.bi]
YaRight

User ID: 1219589
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12/05/2012 12:35 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Overwhelm the system

Create a crisis

Never let a good crisis go to waste
The most terrifying words in the English language are: I'm from the government and I'm here to help.
YaRight

User ID: 1219589
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12/05/2012 12:35 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
Overwhelm the system

Create a crisis

Never let a good crisis go to waste
The most terrifying words in the English language are: I'm from the government and I'm here to help.
Anonymous Coward
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United States
12/05/2012 12:36 PM
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Re: OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!!
the effective tax rate is over 100% because after you pay what they say, they say you still owe for 'your' piece of the national debt, and that happens to be more than you have, and likely more than you've ever made.

Thew will take what they can get with impled threats, and when that no longer works they'll show up with a truck and a locksmith and put you on the street if you cant come up with 2 mill cash.
 Quoting: Anonymous Coward 25390958


This is no joke. My friend has ended up in this bullshit from the IRS. Basically they said he made $50,000 somewhere and he didn't pay the IRS. He never had 50 grand and now they want him to pay more than what he makes a month, plus huge interest for late payment. They garnished his wages and he can barely even buy food on the table now.

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