Skip to main content

Obama Demands $1.1 Trillion Ransom–or He Will Crash Global Economy

Obama Demands $1.1 Trillion Ransom–or He Will Crash Global Economy

by Joel B. Pollak
Posted on 14 October, 2013 by clyde

via breitbart

by Joel B. Pollak

President Barack Obama is demanding a $1.1 trillion "ransom"–or else he will not allow the debt ceiling to be raised. That's the effective offer on the table from the president and Senate Democrats. They have now refused to pass a "clean" short-term debt ceiling hike unless Republicans agree to reverse the "sequester" spending cuts in the 2011 Budget Control Act that were enacted–at Obama's suggestion–to end the last debt ceiling crisis.

The president, who has invited congressional leaders to conduct talks at the White House Monday afternoon, still continues to insist that he "will not pay a ransom for Congress reopening the government and raising the debt limit." Yet he and his party are the ones insisting on a "ransom," now that Republicans appear to be in the mood to compromise after opinion poll results last week showed them losing politically in the showdown.

Sen. Dick Durbin (D-IL) has claimed that the sequester dispute means that Democrats and Republicans are only $70 billion apart in budget negotiations. That is a blatant lie, as the total value of the sequester over ten years is $1.1 trillion. Democrats do not want a reprieve for one year–they want the entire sequester canceled so that they can continue spending on such priorities as the annual cowboy poetry festival in Nevada.

Last week, President Obama asked the press to "imagine if a Democratic Congress threatened to crash the global economy unless a Republican president agreed to gun background checks or immigration reform." Now the White House and a Democrat-controlled Senate are threatening exactly that–unless Republicans agree to fork over $1.1 trillion, paid for with new "revenues" (i.e. taxes) on the American people. Ransom, indeed

Share this:

This entry was posted in US Politics. Bookmark the permalink.

Obama Demands $1.1 Trillion Ransom–or He Will Crash Global Economy
http://gopthedailydose.com/2013/10/14/obama-demands-1-1-trillion-ransom-will-crash-global-economy/

John Hames
Labels:

Comments

Post a Comment

Please leave a comment, just make sure they are not vulgar or they will be removed.

Popular posts from this blog

Superbowl anti-gun ad, hope it backfires on them

PAT DOLLARD YOUNG AMERICANS 11 Hours Ago Bloomberg to Air Gun Control Ad During Superbowl Feb 2, 2013Toro520 Via The Associated Press: NEW YORK (Associated Press) – A gun control group founded by New York City Mayor Michael Bloomberg is airing a Super Bowl advertisement calling for background checks. The 30-second spot by Mayors Against Illegal Guns will air in the Washington area during the game between the Baltimore Ravens and San Francisco 49ers. The ad calls on lawmakers to pass rules requiring background checks on guns. It is narrated by children, with “America the Beautiful” playing in the background. It includes decades-old footage of National Rifle Association Executive Vice President Wayne LaPierre saying the gun lobby group approves of the checks. LaPierre recently testified before the Senate Judiciary Committee that the NRA no longer supports background checks for all gun sales. A Bloomsberg spokesman would say only that the ad cost in the six-figure range....
Post a Comment
Read more

PM Briefing: Rolling Stone Editor Torches His Liberal Colleagues: ‘The American Left Has Lost Its Mind’

Rolling Stone Editor Torches His Liberal Colleagues: ‘The American Left Has Lost Its Mind’ Rolling Stone Editor Torches His Liberal Colleagues: ‘The American Left Has Lost Its Mind’      READ STORY      ADVERTISEMENT South Philly Men Teach Leftwing Scum That Bothering Neighborhoods Where They Aren’t Welcome Is a Dumb Move      READ STORY      Fulton County DA Tells CNN He’s Considering Murder Charges Against Atlanta PD Officer      READ STORY      Jonathan Pie Might Not Be A Household Name In America, But His Take On Social Unrest Proves He Should Be      READ STORY    ...
Post a Comment
Read more

Your NRA-ILA Daily Alert

Catch up with the daily NRA-ILA Alert! view the web version of this email DAILY ALERT FOR Wednesday, September 2, 2020   THE WASHINGTON FREE BEACON August Shatters Another Gun Sales Record August 2020 saw more gun sales than any other August on record as Americans continue to rush to gun stores at a record pace. A Washington Free Beacon analysis of FBI data released on Tuesday found a 57 percent increase in sales compared to August 2019. There were at least 1.6 million sales in August 2020.   BREITBART Alleged Armed Robber Shot Dead by Car Wash Customer An alleged armed robber in Roseville, Michigan, was shot dead by a car wash customer around 7 p.m. on Tuesday night.   FOX NEWS Wi...
Post a Comment
Read more