The Briefing Room

General Category => National/Breaking News => Topic started by: ABX on October 14, 2013, 06:39:20 pm

Title: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: ABX on October 14, 2013, 06:39:20 pm

Quote

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.

http://www.breitbart.com/Big-Government/2013/10/14/Obama-Demands-1-1-Trillion-Ransom-to-Save-Economy

Title: Re: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: jmyrlefuller on October 14, 2013, 06:54:12 pm

Now, wait just a moment. I thought using the debt ceiling/shutdown to demand concessions was a no-no, remember, Mr. President?  :tongue2:

Title: Re: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: Rapunzel on October 14, 2013, 06:57:08 pm

Never mind the pesky ole constitution which says he CAN'T not pay our debt.  BTW this weekend the Chinese said it is time for a new world currency...

Title: Re: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: Relic on October 14, 2013, 06:59:29 pm

Quote from: Rapunzel on October 14, 2013, 06:57:08 pm

Never mind the pesky ole constitution which says he CAN'T not pay our debt.  BTW this weekend the Chinese said it is time for a new world currency...

Who can blame them? We are a cult of personality that has elected incompetent idiots to positions of power.
(But it's ok, they're for the little guy).

Title: Re: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: Liberal_Spy on October 14, 2013, 07:03:54 pm

Quote from: Rapunzel on October 14, 2013, 06:57:08 pm

BTW this weekend the Chinese said it is time for a new world currency...

From their perspective I understand why they feel that way.

Title: Re: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: Cincinnatus on October 14, 2013, 07:19:14 pm

BTW this weekend the Chinese said it is time for a new world currency

Who can blame them? The out of control QE policies of the Fed, combined with 80 years of Liberal Keynesian economic policies, are destroying the value of the dollar. Internally people are buying hard money assets like gold and silver. Externally we are headed toward an abandonment of the dollar as the international currency.

Title: Re: Obama Demands $1.1 Trillion Ransom--or He Will Crash Global Economy
Post by: olde north church on October 14, 2013, 07:30:52 pm

I think this would have a greater potential for the disaster prior to zippy's stewardship.  The BRIC + Japan, Australia and a few others could combine and coordinate finances to make this little more than a big but survivable bump in the road.
America?  You gotta dime for a guy down on his luck?