AND HE FOLDS: Obama Calls For Delaying Spending Cuts
Sequester? We don't need no stinkin' sequester.
---
Deficit President chickens out at the last minute. $20 trillion here we come.
Story just hit the wires.
WASHINGTON (MarketWatch) - President Barack Obama will ask Congress Tuesday to craft a small package of short-term spending cuts and tax revenue to put off the automatic across-the-board cuts, known as the sequester, that are scheduled to kick in March 1, according to press reports. The request will come in a public statement from the president at the White House early this afternoon, the reports said. If Congress does not act, about $85 billion would have to be cut from government agencies, including the Defense Department, this fiscal year. Earlier Tuesday, House Speaker John Boehner used a press conference to urge Obama to offer proposals to replace the spending cuts. A White House official said the small package was needed to give the White House and Congress more time to achieve a bigger budget deal.
These aren't even cuts. They are small reductions to future spending increases. I covered it in full angry detail here.
***
Flashback: Obama Tells C-Span 'We've Run Out Of Money'
Flashback - May 23, 3009
Obama and all future presidents should be required to wear a clock around their necks displaying a running tally of the national debt. Something like this:
Photos by William Banzai7...
Reader Comments (10)
http://www.marketwatch.com/Story/story/print?guid=42063D26-6EE8-11E2-A22F-002128040CF6
I wrote about it here.
http://dailybail.com/home/13-reasons-why-the-us-is-now-officially-bankrupt.html
13 Reasons Why The U.S. Is Now OFFICIALLY BANKRUPT
They got oil and money so cough it up lads and amis - time to pay the piper. We need to increase military spending by at least 12% to keep up with the mayhem around the world. Only thur the application of this strength can the world understand what liberty and freedom are all about - a few years in gaol would help them know the value of liberty.
WASHINGTON (MarketWatch) — Fiscal tightening including the automatic budget cuts known as the sequester would cut U.S. growth in half in 2013 if allowed to go into effect, the Congressional Budget Office said Tuesday in a new budget and economic outlook.
http://www.marketwatch.com/story/sequester-to-halve-us-2013-growth-cbo-2013-02-05
CBO does not have a good track record for predictions.
http://www.marketwatch.com/story/pinterest-talks-valuation-up-to-25-bln-wsj-2013-02-05
You see, the budget can Neaver be ballanced again. It just cant, but we cant let the sheep know that or they would panic. We cant evan pay the interest any more with out borrowing the money. This is how far our piece of shit goverment, has kicked the can down the road.
There is no fixing it anymore. Let me put it into a movie we all can relate to................"Titanic".....................We just hit the ice burg when "The Wizzered of O Bama Oz" took office. Goverment told the people everything will be fine folks go back to the party. Now in 2013 the boat is listing and tilting to the stern. Nothing to worry about folks, go back to the party, and enjoy your self's......
2014, honest people, I know the Stern is at the water line but I asure ya's, Obama is gona plug the hole.....We pased a referandom and bought us 18 more Min. of time....Captian, water is comming over the Stern and running down the walkways, Not To Worry my friends. We will pass a bill giving us 14 more mins. and get it fixed....
June 29th 2015, captian Bama, the hole Fuckin backend of the Titanic is under water and were sinking, should we don the life boats......Na, were in good hands. The crew will bail it out, go to the front of the boat. We have set up a booz bar, drinks are on the goverment....
Nov. 12th, 2015, the boat has sunk to the bottom. Many people are floating in the water. All the goverment are in the life boats. One guy hears Obama say, I cant figure out what we did wrong. We told the people that we would fix everything.
So, we have time to go to the party, but when you feel the ground shifting under your feet, you better get the hell out of AmeriKa............! How'ed I do Steve. That all just came to me as I typed it and workin on my 3rd drink. I should just write a new hit song.........Texas Dar !