Comrade Obama challenges the GOP on the debt ceiling
- The spineless Big Government loving Republican Party is going to cave. The only question is how long will it take.
- Learn to speak Greek. The GOP has not cut one dime from the Federal budget since the 1920s. The party has no will power to act.
Coming soon - A coalition of "forward thinking" Republicans and Pelosi Democrats to raise the debt ceiling.
Comrade Barack Obama demanded Monday that Congress raise the Federal debt limit quickly, warning that "Social Security benefits and veterans' checks will be delayed if they don't," and cautioning Republicans not to insist on concessions in exchange.
"They will not collect a ransom in exchange for not crashing the economy," he said at the final news conference of his first term. "The full faith and credit of the United States of America is not a bargaining chip. And they better decide quickly because time is running short."
Obama opened his news conference with a statement noting that a vote to increase the debt limit "does not authorize more spending. It simply allows the country to pay for spending that Congress has already agreed to. These are bills we've already racked up and we need to pay them."
John Stossel - Insane Government Spending
The entire tax code and government regulations are designed to extort money.