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Author Topic: Obama issues veto threat on GOP bill that would end sequester. LMFAO!!!!!!  (Read 669 times)
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« on: February 28, 2013, 12:31:01 PM »



WASHINGTON (AP) -- The White House is threatening a presidential veto of a Senate Republican measure that would give President Barack Obama more authority and flexibility to find $85 billion in spending cuts this year. The measure is intended to replace the automatic across-the-board cuts scheduled to kick in Friday.
 
The White House says it instead backs a Democratic measure to replace the cuts with tax hikes on millionaires and spending reductions over 10 years.
 
Neither bill is likely to survive Senate procedural obstacles Thursday.
 
The White House says there is no way to cut $85 billion over the remaining seven months of the fiscal year without "drastically affecting national security and economic policies." A statement by the White House budget office says Obama's advisers would strongly recommend he veto the Republican proposal.



http://hosted.ap.org/dynamic/stories/U/US_BUDGET_BATTLE_OBAMA?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-02-28-13-04-31

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« Reply #1 on: February 28, 2013, 12:51:32 PM »

"Spending restrictions over 10 years."


Wow. What a farce.
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« Reply #2 on: February 28, 2013, 12:52:45 PM »

LOL hey necrosis is this the GOP's fault too?

Roll Eyes its plainly obvious that obama and the dems dont want to cut spending at all.
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« Reply #3 on: February 28, 2013, 01:07:26 PM »

What we see here, is the biggest game of chicken being played out in front of America and the world.

If Obama vetoes, the republicans get to accuse him of not wanting to tackle gov spending.
If the sequester goes through, everything tanks and the Dems get to blame the Republicans for the damage.
Neither side can really afford for it to go through, ...both don't want to chicken out at the last moment.

Reminds me of that scene from "Footloose"

<a href="http://www.youtube.com/watch?v=pwGQDtC-h18" target="_blank">http://www.youtube.com/watch?v=pwGQDtC-h18</a>
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« Reply #4 on: February 28, 2013, 01:08:33 PM »

If Obama were serious about going line by line through the budget and ending wasteful programs like he promised we would not be here. 
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« Reply #5 on: February 28, 2013, 01:16:18 PM »

If Obama were serious about going line by line through the budget and ending wasteful programs like he promised we would not be here. 

If all the players in Washington weren't owned by lobby groups, and were really interested in solving problems rather than playing partisan politics, this disastrous situation wouldn't have begun in the first place.

It's not a LEFT / RIGHT thing, it's a TOP / BOTTOM thing.

The politicians are competing with the people for preferential placement within the pyramid.


* Left_vs_Right.jpg (57.91 KB, 403x403 - viewed 95 times.)
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« Reply #6 on: February 28, 2013, 01:17:51 PM »

If all the players in Washington weren't owned by lobby groups, and were really interested in solving problems rather than playing partisan politics, this disastrous situation wouldn't have begun in the first place.

It's not a LEFT / RIGHT thing, it's a TOP / BOTTOM thing.

The politicians are competing with the people for preferential placement within the pyramid.



Nonsense - most of the people on the left want endless govt, endless taxes, endless regulation,  etc.

 

 
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« Reply #7 on: February 28, 2013, 02:01:15 PM »

Nonsense - most of the people on the left want endless govt, endless taxes, endless regulation,  etc.
 

The right wants endless government as well. It guarantees their own job security too.
The government grew leaps & bounds under bush. There is no difference between either side.
The sooner you realize that, the sooner you'll stop being led around like a bull with a ring through it's nose.
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« Reply #8 on: February 28, 2013, 02:01:53 PM »


CBO: Dem Sequester Bill Adds Billions to Deficit


By Andrew Stiles

February 28, 2013 2:59 P.M.

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The sequester replacement bill proposed by Senate Democrats, and endorsed by the White House, would add $7.2 billion to the federal deficit over ten years, according to the nonpartisan Congressional Budget Office (CBO).
 
“CBO estimates that S. 388 would increase direct spending by $62.4 billion and revenues by $55.1 billion over the 2013–2023 period. Thus, the cumulative deficit would increase by $7.2 billion from those changes,” CBO wrote in a report.
 
The Democratic bill would replace the $85 billion in automatic cuts scheduled to take effect on Friday with a mixture of tax increases and spending cuts to defense programs and farm subsidies. However, those spending cuts would be phased in over a ten-year period, whereas the sequestration cuts would occur this year.
 
The Senate will vote Thursday on the Democratic plan, as well as a Republican bill that would essentially keep the sequester in place, but give the Obama administration greater flexibility to administer the cuts. Both are expected to fail. Congressional leaders will then meet at the White House on Friday (hours before sequestration officially takes effect) to discuss how to proceed.
 
President Obama and his Democratic allies have repeatedly pressured Republicans to agree to raise taxes as part of a “balanced” agreement to reduce the deficit. “Republicans in Congress need to do what the American public overwhelmingly wants them to do, which is agree to a balanced approach to further reducing the deficit,” White House press secretary Jay Carney said earlier this week.
 
Democrats have mastered the “balanced approach” portion of this equation; actually reducing the deficit is something they haven’t quite gotten the hang of. In any event, this should be a fun vote for the half-dozen or so red-state Democrats facing reelection in 2014.
 
UPDATE: As expected, both bills fell short of the 60 votes required for passage, and the aforementioned red-state Democrats cast some interesting votes.
 
The GOP plan was defeated 38 to 62, with nine Republicans — Senators Ayotte (N.H.), Collins (Maine), Cruz (Texas), Graham (S.C.), Lee (Utah), McCain (Ariz.), Paul (Ky.), Rubio (Fla.), and Heller (Nev.) — voting no. Democrats Max Baucus (Mont.) and Mark Warner (Va.) voted yes. Both are up for reelection in 2014.
 
The Democratic bill fell 51 to 49. Three Democrats — Senators Hagan (N.C.), Landrieu (La.), and Pryor (Ark.) — voted against their own party’s plan. They are also facing reelection in 2014. Senate Majority Leader Reid (D., Nev.) voted against the plan as well, but only as procedural tactic that allows him to call another vote on the bill at a later date.
 
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« Reply #9 on: February 28, 2013, 02:30:28 PM »

Embarrassing: Senate Democrats Fail to Pass a Single Sequester Replacement Bill in 15 Months
 speaker.gov ^

Posted on Thursday, February 28, 2013 4:25:27 PM by Sub-Driver

Embarrassing: Senate Democrats Fail to Pass a Single Sequester Replacement Bill in 15 Months

Posted by Speaker Boehner Press Office February 28, 2013 Press Release

WASHINGTON, DC – House Speaker John Boehner (R-OH) released the following statement after the Democratic-controlled Senate failed to pass legislation replacing President Obama’s sequester:

“It’s embarrassing that after 15 months Senate Democrats still haven’t passed a single sequester replacement bill. The American people deserve better. Republicans in the House passed legislation almost a year ago in May, and again in December, to avert the president’s sequester and help put us on a path to a balanced budget. Now that today’s political stunt to raise taxes has failed, it’s time for the president and Senate Democrats to do the hard work that is necessary to pass a bill in the Senate so we can begin to resolve this issue.”
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« Reply #10 on: February 28, 2013, 02:49:16 PM »

What we see here, is the biggest game of chicken being played out in front of America and the world.

If Obama vetoes, the republicans get to accuse him of not wanting to tackle gov spending.
If the sequester goes through, everything tanks and the Dems get to blame the Republicans for the damage.
Neither side can really afford for it to go through, ...both don't want to chicken out at the last moment.

Reminds me of that scene from "Footloose"

<a href="http://www.youtube.com/watch?v=pwGQDtC-h18" target="_blank">http://www.youtube.com/watch?v=pwGQDtC-h18</a>
How do the dems get to blame the reps if the sequester happens?

They originally wanted 2.5 trillion in cuts and compromised with 85 billion.

The sequester was obamas idea as well...

And that's if the cuts have the effect political pundits are yelling about
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« Reply #11 on: February 28, 2013, 02:52:16 PM »

If all the players in Washington weren't owned by lobby groups, and were really interested in solving problems rather than playing partisan politics, this disastrous situation wouldn't have begun in the first place.

It's not a LEFT / RIGHT thing, it's a TOP / BOTTOM thing.

The politicians are competing with the people for preferential placement within the pyramid.

If that's what you believe then you have to root for the lesser of two evils.

The reps at least act like they want to slow govt spending. The dems may say they do but what they really want is to increase taxes so much as to offset the increase in govt spending.

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« Reply #12 on: February 28, 2013, 02:53:05 PM »

President Barack Obama will wait until the sequester hits to have his first sequester-related face-to-face meeting with congressional leaders on Friday, according to a report by ABC News’s Jonathan Karl:


“A congressional source with direct knowledge of the plans tells me the top four congressional leaders – John Boehner, Harry Reid, Nancy Pelosi and Mitch McConnell – will meet with President Obama at the White House Friday to attempt to negotiate a way to avoid the spending cuts that both sides have said should be avoided,” Karl reported Wednesday.
 
Karl reported that the White House arranged the meeting late Tuesday.


According to CNN, McConnell confirmed the meeting in a statement.
 
“The meeting Friday is an opportunity for us to visit with the President about how we can all keep our commitment to reduce Washington spending,” McConnell said.
 
“With a $16.6 trillion national debt, and a promise to the American people to address it, one thing is perfectly clear: we will cut Washington spending,” he continued. “We can either secure those reductions more intelligently, or we can do it the President’s way with across-the board cuts. But one thing Americans simply will not accept is another tax increase to replace spending reductions we already agreed to.”
 
Both Republicans and Democrats have been campaigning to convince the American public that the other side is responsible for any pain felt from the across-the-board cuts.


Read more: http://dailycaller.com/2013/02/27/report-obama-to-wait-until-sequester-hits-to-meet-with-congressional-leaders/#ixzz2MEWHfCrM
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« Reply #13 on: March 01, 2013, 11:00:28 AM »


Obama's Sequester Math: $300 Billion In New Revenues Called 'Spending Cuts'
Fri, Mar 01 2013 00:00:00 E A14_ISSUES



 Posted 02/28/2013 07:01 PM ET

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inShare. Budget: When President Obama put out his "balanced" plan to avoid the automatic sequester cuts, no one noticed. Which is probably just as well for Obama, given how embarrassingly unbalanced it is.

Last week, New York Times columnist David Brooks wrote about how Obama "hasn't actually come up with a proposal to avert sequestration, let alone one that is politically plausible."

Turns out, Obama did have one, although Brooks can be excused for not knowing it, since the administration hasn't exactly been promoting this so-called plan.

That, too, is understandable, since it isn't a plan at all, just a list of numbers with little to back them up.

There are no details, for example, about the $200 billion in cuts to defense and domestic discretionary programs, other than that Obama wants them split evenly.

And while he offers $400 billion in "health savings," 30% are lumped in a bucket labeled "other."

Worse, Obama's "balanced" plan actually counts hundreds of billions of new revenues from taxes, fees and rebates as "spending reductions." Examples:

• His plan to "strengthen" unemployment insurance is labeled as a cut, but it's really a $50 billion tax hike.

• The $35 billion from the federal worker retirement programs involves boosting worker contributions.

• Most of the $35 billion in Medicare savings comes from charging wealthy seniors more.

• The $140 billion in "reduced payments to drug companies" are in fact rebates Obama wants drugmakers to pay Uncle Sam for selling drugs to poor seniors.

• Then there's the $45 billion in spectrum fees and asset sales that Obama lists as spending reductions.

Viewed correctly, it turns out that more than $300 billion — about a third — of Obama's proposed "spending cuts" are actually revenue increases.

As a result, instead of $1.2 trillion in spending cuts called for by the sequester over the next decade, Obama would add more than $1 trillion in revenues, while cutting outlays only about $600 billion. And much of those aren't real cuts, but tiny reductions in projected spending growth over the next decade.

And in the end, his plan, such as it is, will do nothing to forestall the nation's oncoming debt crisis.

After four years, Obama's unseriousness as a president continues to surprise us.



Read More At IBD: Obama's Sequester Math: $300 Billion In New Revenues Called 'Spending Cuts' - Investors.com http://news.investors.com/ibd-editorials/022813-646267-obama-labels-new-revenues-as-spending-cuts.htm#ixzz2MJPkhQYK
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
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« Reply #14 on: March 01, 2013, 11:41:30 AM »

I know politicians preen, prance, lie, misdirect and such but Obama's "Sequester Speech" really takes the cake.

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« Reply #15 on: March 01, 2013, 04:11:33 PM »

How do the dems get to blame the reps if the sequester happens?

They originally wanted 2.5 trillion in cuts and compromised with 85 billion.

The sequester was obamas idea as well...

And that's if the cuts have the effect political pundits are yelling about

it was not, cantor and ryan are credited with pushing the idea of the sequester and causing boehner to back out of the "grand bargain".

Fuck it, cuts in the bloated military and good, perhaps this will keep you from tanking the world again.
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« Reply #16 on: March 01, 2013, 05:43:15 PM »

it was not, cantor and ryan are credited with pushing the idea of the sequester and causing boehner to back out of the "grand bargain".

Fuck it, cuts in the bloated military and good, perhaps this will keep you from tanking the world again.

Didn't Jay Carney come out and admit that the Sequester came from the White House?
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« Reply #17 on: March 01, 2013, 07:27:43 PM »

it was not, cantor and ryan are credited with pushing the idea of the sequester and causing boehner to back out of the "grand bargain".

Fuck it, cuts in the bloated military and good, perhaps this will keep you from tanking the world again.
LOL yea its our fault the rest of the world relies on us to keep things going. hahahah go fuck yourself moron, does everyone in canada have small man complex?
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« Reply #18 on: March 02, 2013, 11:11:04 AM »

LOL yea its our fault the rest of the world relies on us to keep things going. hahahah go fuck yourself moron, does everyone in canada have small man complex?


It wouldn't be small man syndrome if I am admitting the impact the US economy has on the world you fucking nitwit.
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« Reply #19 on: March 02, 2013, 11:13:36 AM »

http://www.cbsnews.com/8301-250_162-57572180/u.s-capitol-official-obama-wrong-on-janitors-pay-cut

Obama lied - the janitors' pay survived. 
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« Reply #20 on: March 02, 2013, 04:03:24 PM »


It wouldn't be small man syndrome if I am admitting the impact the US economy has on the world you fucking nitwit.
it would be small man syndrome if you felt that your opinion counted for anything more than the shit from a tick on a homeless dog you moronic foreign fuck...

how about you piss off and worry about your own shitty ass country and leave the grown ups to take care of the important issues...
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« Reply #21 on: March 02, 2013, 04:12:53 PM »

To be a fly on the wall to see your faces when it all comes crumbling down.
Will the hubris still be there, ...or will the MadMax environment beat it out of you.
Obama better hurry up and complete that border fence Bush started, if the USA hopes to keep all the corporate slaves from escaping their miserable existence. You think it was designed to keep Mexicans out? HA!
The corporations need as many slaves as they can get. That wall was designed to keep Americans IN!
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« Reply #22 on: March 02, 2013, 04:15:55 PM »

To be a fly on the wall to see your faces when it all comes crumbling down.
Will the hubris still be there, ...or will the MadMax environment beat it out of you.
Obama better hurry up and complete that border fence Bush started, if the USA hopes to keep all the corporate slaves from escaping their miserable existence. YOu think it was designed to keep mexicans out? HA! The corporations need as many slaves as they can get. THat wall was designed to keep Americans IN!
hahah fly on the wall?

your own dumb ass country man are bitching about how we ruined the worlds economy when we are still years ahead of the majority of the developed worlds economy.

What the fuck does your dumb ass think will happen if the US collapses all together?

hahah get ready jagson that gold in other ppls hand isnt going to do shit woman. You think canada will survive without the US?

its already proven your economy cant...LMFAO
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« Reply #23 on: March 02, 2013, 04:41:09 PM »

hahah fly on the wall?

your own dumb ass country man are bitching about how we ruined the worlds economy when we are still years ahead of the majority of the developed worlds economy.

The US has ruined the world economy, but unilaterally severing the Bretton Woods agreement, stealing all the gold, printing money & exporting inflation along with worthless CDO's internationally.

Quote
What the fuck does your dumb ass think will happen if the US collapses all together?

I dunno... what do you think?

As for what I think, I think there will be hell to pay all over the planet.

Quote
hahah get ready jagson that gold in other ppls hand isnt going to do shit woman. You think canada will survive without the US?

its already proven your economy cant...LMFAO

Not with current trade agreements no. In it's current state, I don't believe so, ...we 're currently selling 70+% of our goods & services to the USA, and when go broke, it will adversely affect us. Right now your current sequester threatens the free flow of goods between our countries at various border crossings, ...but you know what... if one of our customers (granted a very larger buyer) goes broke, and can't afford to buy our goods & services anymore, ...we'll simply find others. So Canada will survive, but it will be a difficult transition. Understand though, the USA is not the only trading partner on the planet. As for gold being in other people's hands... I hear China has got a lot, as does India. I don't think China with it's BILLIONS of people is going to have a problem picking up the slack. As for MY gold, I can have it ALL delivered into my hot little hands if I choose, ...or keep some on account to facilitate online transactions coming in October. Your only consolation is that Europe is in worse shape than everyone realizes.

<a href="http://www.youtube.com/watch?v=GzD4MDBDeTk" target="_blank">http://www.youtube.com/watch?v=GzD4MDBDeTk</a>
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« Reply #24 on: March 02, 2013, 04:47:41 PM »

The US has ruined the world economy, but unilaterally severing the Bretton Woods agreement, stealing all the gold, printing money & exporting inflation along with worthless CDO's internationally.

I dunno... what do you think?

As for what I think, I think there will be hell to pay all over the planet.

Not with current trade agreements no. In it's current state, I don't believe so, ...we 're currently selling 70+% of our goods & services to the USA, and when go broke, it will adversely affect us. Right now your current sequester threatens the free flow of goods between our countries at various border crossings, ...but you know what... if one of our customers (granted a very larger buyer) goes broke, and can't afford to buy our goods & services anymore, ...we'll simply find others. So Canada will survive, but it will be a difficult transition. Understand though, the USA is not the only trading partner on the planet. As for gold being in other people's hands... I hear China has got a lot, as does India. I don't think China with it's BILLIONS of people is going to have a problem picking up the slack. As for MY gold, I can have it ALL delivered into my hot little hands if I choose, ...or keep some on account to facilitate online transactions coming in October. Your only consolation is that Europe is in worse shape than everyone realizes.

<a href="http://www.youtube.com/watch?v=GzD4MDBDeTk" target="_blank">http://www.youtube.com/watch?v=GzD4MDBDeTk</a>
holy balls yet another uneducated moron yelling for a movement back to the gold standard.

Do you even understand the issues with the gold standard?
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