Obama to request 1.2 trillion increase in debt limit

[Fieldmouse]

Well, that didn't take long. Obama is getting ready to request 1.2 trillion increase because once again, we are about to hit the 16.4 trillion limit passed in August. The 1.2 trillion was passed in August but Obama needs to request it. It can only be blocked if 2/3 rds of congress vote against it.

So they pass it. Give him 1.2 trillion more. That puts us at roughly 120% debt ratio to GDP when the next president is sworn in and a debt limit crisis the day he takes office. It won't be pretty for anyone.

[The Rev]

He just got back from vacation; is he planning another one? He reminds me of those I see at the checkout counter at the grocery store paying with the food stamp credit card. They fill their carts junk food and crap knowing that in a just a short time they will be getting more cash added on their cards for doing NOTING. The apple didn't fall far from the tree at the White house! He's still ghetto trash; that's the nicest way I can say it......

[C. Davis]

We are heading into the election year and he needs some walking-around money.

C. Davis

[CalHunter]

I saw the article and was dumbstruck. All of those fence-sitters and Obama supporters who have jobs had better start paying attention to this irresponsible spending.

[sachiko]

I can't believe they're talking about raising the debt limit again.

[LBR]

Is it any wonder the bho defenders have become less and less vocal here, if they even post at all? It seems even they are realizing his actions cannot be defended or explained away.

[The Rev]

Originally Posted by LBR

Is it any wonder the bho defenders have become less and less vocal here, if they even post at all? It seems even they are realizing his actions cannot be defended or explained away.

Chad they still blame everything on Bush!