Obama To Seek Another 1.2 trillion in Debt Ceiling Increase

Obama administration to seek $1.2 trillion debt ceiling increase
mooney.mug
Posted by:
CNN White House Producer Alexander Mooney

(CNN) – The Obama administration will formally ask Congress later this week to raise the nation’s debt ceiling by $1.2 trillion, a Treasury Department official tells CNN.

The latest request is the third of three requests authorized by the contentious debt ceiling agreement reached last August and is expected to come on December 30 – the day the debt is projected to fall within $100 billion of the current $15.194 trillion ceiling. The new request asks the ceiling be raised to $16.39 trillion.

According to the terms of the debt ceiling agreement, Congress has 15 days to pass a joint resolution disapproving of an increase which President Obama is authorized to veto.

The new debt ceiling is expected to satisfy U.S. debts until the end of next year, according to the Treasury Department official.

And this is the same president who called Bush unpatriotic for raising the debt ceiling. He really does think Americans are stupid. Again, he's a liar and a hypocrite to put it nicely.

It's politics. He saw his numbers rise after the Payroll extension. Now he's going to do it again. The GOP will hold hard, Obama will scold and the media will be dogwashers all the way (again as usual).

TexasBlue wrote:It's politics. He saw his numbers rise after the Payroll extension. Now he's going to do it again. The GOP will hold hard, Obama will scold and the media will be dogwashers all the way (again as usual).

Actually, the GOP will hold hard just long enough to be throughly pilloried by the MSM, Democrats and Obama, and then they will fold again in fear and that'll just serve to screw the Party that much more.

I'm sick and fucking tired of this same old dog and pony show!

The Republicans need to grow some damned balls!!!

dblboggie wrote:

TexasBlue wrote:It's politics. He saw his numbers rise after the Payroll extension. Now he's going to do it again. The GOP will hold hard, Obama will scold and the media will be dogwashers all the way (again as usual).

Actually, the GOP will hold hard just long enough to be throughly pilloried by the MSM, Democrats and Obama, and then they will fold again in fear and that'll just serve to screw the Party that much more.

I'm sick and fucking tired of this same old dog and pony show!

The Republicans need to grow some damned balls!!!

Damn right on that. The GOP needs to get their shit together or we're in for another four years of this evil administration.