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« OFFICIAL: 'The Real Euro Crisis Is Just Getting Started' | Main | BUBBLE FLASHBACK - E*Trade Super Bowl Commercial »
Monday
Feb042013

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...

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Reader Comments (10)

Feb 5, 2013 at 11:17 AM | Registered CommenterDailyBail
Let's start with cutting the $4 Billion + we send to Israel..!!!!
Feb 5, 2013 at 12:37 PM | Unregistered CommenterKevin K
It's a lot more than $4 billion, as you know, and while we're at it, how about cutting all non-essential aid to ALL foreign nations until we have a balanced budget. You would think it would be a no-brainer, yet the idea is not even discussed in Washington.
Feb 5, 2013 at 1:16 PM | Registered CommenterDailyBail
What can I say? Obama lies and has no desire to cut any spending. He told us that at his inauguration speech. When are we going to start believing what he says and what he wrote in his books? Nobody believed what was written in Mein Kompf either.
Feb 5, 2013 at 1:26 PM | Unregistered CommenterHogan
Another thing I should point out, these CUTS aren't even cuts, they are decreases in the expected future growth of programs.

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
Feb 5, 2013 at 1:48 PM | Registered CommenterDailyBail
I think itis time to huddle in prayer and ask our warrior President to demand for the nations of the world to pony up with some contributions to their own security - including so-called allies like Canada and France and the 911 perps - Iraq and Iran.

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.
Feb 5, 2013 at 3:04 PM | Unregistered CommenterLokis
Sequester to halve U.S. 2013 growth: CBO

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.
Feb 5, 2013 at 4:49 PM | Unregistered CommenterDailyBail
Feb 5, 2013 at 4:50 PM | Unregistered CommenterDailyBail
You mean to tell me that according to Marketwatch, there is a sudden realization that Wall Street has had an epiphany in their daily operations? That somehow they realize now that there are systemic problems and have attempted to identify them. How effin vapid. If there is ONE thing I have learned here at the Bail, is that we are being harvested by the kleptocracy. They have absolutely no soul regarding the demise of the world economy and indeed one would have to say they planned it. They got away with it.
Feb 5, 2013 at 8:32 PM | Unregistered CommenterSKINFLINT
Well lets face it here folks, were the Adults here in the room. This goverment, "Both Sides for the Sheeple" has played its last card when "Baby Boots Bush" pased the last budget bill. That was an will be the last one EVER......!

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 !
Feb 5, 2013 at 11:12 PM | Unregistered CommenterTexas Dar

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