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Buckwheat Breaks Law - Again

Mike

Well-known member
White House tells Paul Ryan it won’t meet budget deadline
By Erik Wasson - 01/14/13 12:06 PM ET

The White House has informed House Budget Committee Chairman Paul Ryan (R-Wis.) that it will miss the legal deadline for sending a budget to Congress.
Acting Budget Director Jeff Zients told Ryan (R-Wis.) late Friday that the budget will not be delivered by Feb. 4, as required by law, a House aide said.

“Late Friday evening, Deputy Director Zients confirmed that for the fourth time in five years, the president’s budget will not be submitted in compliance with the law,” the aide said.
“Zients did not indicate how late the administration will delay its submission, simply noting ‘We will submit it to Congress as soon as possible,’ ” the aide said.
Ryan last Wednesday had asked the White House in a letter if it would miss the deadline.
Under the law, Obama must submit a budget by the first Monday in February, but he has met the deadline only once. The annual budget submission is supposed to start a congressional budgeting process, but that has also broken down. The Senate last passed a budget resolution in 2009.

Congress and the White House struck a budget deal on New Year’s Eve that avoided tax hikes on middle-class families and delayed a 2013 budget sequester until March.
That last-minute "fiscal cliff" deal has thrown a wrench into the annual budget process, sources say, because it did not finalize 2013 appropriations or replace nearly $1 trillion in automatic discretionary cuts imposed by the August 2011 debt-ceiling deal.
“They have no baseline,” one expert said. The expert said it may also be the case that the administration does not want the budget to be taken as an opening offer in the coming fight over raising the nation's $16.4 trillion debt ceiling.
The Congressional Budget Office also faces fiscal cliff-related challenges in writing its annual budget outlook. That outlook, which normally comes out in January, is coming out Feb. 4, CBO announced Monday.
Republicans are demanding Obama propose sharp spending cuts to offset any increase in the ceiling.
Obama in a press conference Monday though reiterated his stance, pressing lawmakers to raise the debt limit without tying it to cuts or entitlement reform.
Failure to raise the ceiling will cause a default on payments ranging from Social Security benefits to tax refunds to bond interest, depending on how long it takes Washington to raise the limit and what bills Treasury decides to pay.
The Bipartisan Policy Center estimates default could come as early as Feb. 15.
Ryan’s office says that Obama has missed the budget deadline by more than any president. Obama’s first budget was delayed until May, while his second budget was delivered on time. The last two budgets were late but came in February.
The White House announcement comes as former Obama budget director and current Chief of Staff Jack Lew is awaiting confirmation as Obama’s new Treasury secretary, replacing outgoing Secretary Timothy Geithner.
Updated at 1:47 p.m.


Read more: http://thehill.com/blogs/on-the-money/budget/276969-obama-budget-delayed-again-white-house-tells-paul-ryan#ixzz2HynJTxdJ
 

Mike

Well-known member
“We Are Not a Deadbeat Nation”, Obama Says, Then Misses Deadline for Sending Budget to Congress. :roll: [/quote]
 

Faster horses

Well-known member
In his speech today (what I could stand to watch) he kept saying "I
am required by law"...when has that ever been his criteria?

He was really wanting Congress to let him have a blank check to
pay the bills. Now that's SCARY. :shock:
 

hypocritexposer

Well-known member
Faster horses said:
In his speech today (what I could stand to watch) he kept saying "I
am required by law"...when has that ever been his criteria?

He was really wanting Congress to let him have a blank check to
pay the bills. Now that's SCARY. :shock:


Was "being required by law' to do with paying the bills?

There is lots of monthly revenue to service the debt.

They are lying if they say there isn't. Default is not a forgone conclusion, if the debt ceiling is not raised.
 

Faster horses

Well-known member
hypocritexposer said:
Faster horses said:
In his speech today (what I could stand to watch) he kept saying "I
am required by law"...when has that ever been his criteria?

He was really wanting Congress to let him have a blank check to
pay the bills. Now that's SCARY. :shock:


Was "being required by law' to do with paying the bills?

There is lots of monthly revenue to service the debt.

They are lying if they say there isn't. Default is not a forgone conclusion, if the debt ceiling is not raised.

Yes.

Of course he was lying. Trying to scare people. He WANTS to be
in charge of paying the bills. He made that very obvious.
 
A

Anonymous

Guest
Faster horses said:
hypocritexposer said:
Faster horses said:
In his speech today (what I could stand to watch) he kept saying "I
am required by law"...when has that ever been his criteria?

He was really wanting Congress to let him have a blank check to
pay the bills. Now that's SCARY. :shock:


Was "being required by law' to do with paying the bills?

There is lots of monthly revenue to service the debt.

They are lying if they say there isn't. Default is not a forgone conclusion, if the debt ceiling is not raised.

Yes.

Of course he was lying. Trying to scare people. He WANTS to be
in charge of paying the bills. He made that very obvious.


Former GOP Rep. Rehberg says Republicans have no debt-ceiling card

By Mike Lillis - 01/05/13 11:55 AM ET





Republicans have no leverage in the upcoming debt-ceiling debate, former Rep. Denny Rehberg warned this week.

The Montana Republican, retired from Congress after losing a Senate bid last November, said the GOP leaders who are threatening to allow a government default to win more spending cuts would suffer a public backlash for years to come.

"If you don’t raise the debt ceiling, the financial markets melt down, then who’s mad at you? Well, every Republican out there who’s in small business, who needs credit, who needs a sound banking system starts calling Republicans saying, 'Cave, cave, you’ve gotta give in, you’ve gotta cut a deal,'” Rehberg said in a Thursday interview with the Voices of Montana radio show.

"If they become obstructionists, what power do they have? Well, shutting government down? No, because if we do that we lose our support with the public.”


With the Treasury Department warning that the country will default on its obligations unless Congress raises the debt limit in the next two months, Washington is bracing for the next partisan battle over government spending.

President Obama and the Democrats want a clean debt-ceiling increase, with a broader talk about taxes, entitlements and spending to follow.

"One thing I will not compromise over is whether or not Congress should pay the tab for a bill they’ve already racked up," Obama said Saturday in his weekly radio address.

Republicans, however, want to marry spending cuts to the debt-ceiling hike, viewing that legislation as their best chance to hold the Democrats' feet to the fire and force significant reductions.

Sen. John Cornyn (Texas), the second-ranking Senate Republican, summed up that strategy on Friday, vowing to shutter the government if the Democrats don't include major cuts as part of the debt-ceiling deal.

“It may be necessary to partially shut down the government in order to secure the long-term fiscal well being of our country, rather than plod along the path of Greece, Italy and Spain," Cornyn wrote in a Houston Chronicle op-ed. "President Obama needs to take note of this reality and put forward a plan to avoid it immediately."

Rehberg is warning, however, that such a strategy backfired on former House Speaker Newt Gingrich in the mid-90s, and would do so again on Speaker John Boehner (R-Ohio) if they go that route this year.

"The only thing the Republican Congress, the House, can do, is things like shut down [the] government. Well, [Newt] Gingrich tried that, and the public reacted – Republicans as well as Democrats – came out and said, 'Whoa, whoa, whoa, wait a minute.' We started hearing from realtors, builders, bankers, contractors and ranchers who call themselves conservatives but [revolt] when they don't get their BLM lease … All of a sudden your coalition of support evaporates," Rehberg said Thursday.

"I understand the frustration Republicans and the Tea Party and such, but I’m just telling you, this is from my heart, I want to be as honest as I possibly can, that you’ve got a Democrat president, a Democrat-controlled Senate and they outnumber Boehner and the Republicans two to one and nothing’s going to change that for the next two years."



Read more: http://thehill.com/blogs/blog-briefing-room/news/275771-former-gop-rep-rehberg-says-republicans-have-no-debt-ceiling-card#ixzz2H8fzPPsF

FH- you're ex-hero Rehberg says the Repubs are not in a bargaining situation since there are as many Repubs on the government teat as there are Dems... Smartest thing he said in years... And he should know as he was one of the biggest porkaholics that would back anything/any lobbyist if the $$$$$$ were enough....
 

Faster horses

Well-known member
And who said Rehberg was my ex-hero? Maybe he's still my hero--
if he ever was. You sure like to put words in people's mouths, OT.

How did ex-congressman Rehberg get brought into a thread about
Obama in the first place. Rehberg's out.....remember? :roll:

You have always said he was a drunk with no credibility and now
you are quoting him? :shock:
 

okfarmer

Well-known member
If you know anything about financing, you would know that not raising the debt ceiling is not equivalent to defaulting. But that would take some brains.

Not raising the debt ceiling, means you still pay your monthly payment on debts but you have less to spend on frivalous items like abortions and beer and nudy bars and chips and candy bars and birth control pills and FEMA and IRS agents and expanding the EPA etc...

The debt will be paid, the debt payment is not more than monthly income. Only when debt is not paid, is there default.

Trying to tie the two together is nothing but Washington BS.

The ceiling should not be raised. If you can't work within the means, you aren't capable of handling the job, but we already knew that.

Wasn't someone on here talking about people always claiming that the sky was falling? So who actually makes up false disasters? Oh, yes- the left.
 

Mike

Well-known member
What? No comments by the fat azz on how his champion is shirking his duties as Pres?


Yet he tries to change the subject?

AMAZING!!!!!!!
 
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