Obama has fought everyone from his own deficit commission to Republicans (see Paul Ryan attacks) for attempting to get him to stop his RECORD spending spree. Obama has blown through more taxpayer money and his deficit spending habit is going to require yet another debt-ceiling increase. What happened to that PAY-GO bill Democrats bragged about and Obama signed into law? What happened to Obama’s promise to cut the deficits in half?
President Obama warned congressional leaders on Wednesday that he would not tolerate a replay of the bitter debt-ceiling fight of last summer that nearly put the United States in default and led to the nation’s first credit-rating downgrade.
Gee, what can the wanna-be dictator do? Nothing because he can’t raise the debt ceiling without Congress. Thank the US Constitution for that or Obama would’ve already bankrupted the US.
During lunch at the White House with top leaders of the House and Senate, Obama called the political deadlock last year “not acceptable” and emphasized that he expects a “serious bipartisan approach” to tackling the budget and the federal deficit this year, White House press secretary Jay Carney said.
Budget? Obama’s party hasn’t produced one of those in 3 years, nor have they voted for Obama’s budgets or Republican budgets. I don’t know how Carney can even be taken serious when Obama has produced $1 trillion plus budget deficits each year.
Obama stressed the need to “avoid fighting old political fights,” Carney told reporters after the meeting. “It’s simply not acceptable to hold the American and global economy hostage to one party’s political ideology. It’s the responsibility of Congress to ensure that the United States of America pays its bills, maintains its creditworthiness.”
Yet none of Obama’s rejected budgets accomplish any of this.
The president’s warning came a day after House Speaker John A. Boehner (R-Ohio) threatened again to block an increase in the federal debt ceiling by early next year — when the debt is expected to reach its $16.4 trillion limit — without significant new cuts in spending.
Obama will be the first president to spend $6 trillion in under 4 years. Wonder if he’ll run on this “accomplishment?” To the left-wingers. Bush only added $4.9 trillion in 8 years and two of those years, Democrats controlled and added to the deficit.
Boehner’s office said Wednesday that the speaker told Obama that he would not allow “a debt-ceiling increase without doing something serious about the debt.”