McConnell: Obama Budget Will 'Double Debt in 5 Years'

This just in from Meet the Press, OBAMA, will NOT rule out taxing health benefits, as we know he campaigned against Mccain for suggesting such a tax and the I hate America media followed O-dumb-ahs lead lmao
What a friggin liar O-dumb-ah is.
Hey Georgie what did Rahm have to say this morning?

Posted by: Obama-LIVE FROM THE WAFFLE HOUSE | Mar 15, 2009 10:44:43 AM

Obama did not say that. It was an aide. Who can believe the NY Times?

WASHINGTON – One of President Barack Obama's leading economic advisers says the White House is opposed to taxing health insurance. But Christina Romer is not ruling it out.

She heads the Council of Economic Advisers and says the administration would not rule out taxing health benefits. The New York Times reported Sunday that the administration is considering such a move.

As a candidate, Obama opposed such taxes and called them "a multi-trillion dollar tax hike." Romer says the president remains opposed. But when she was pushed on its during a talk show appearance, she said nothing was being taken off the table.

Romer appeared on NBC's "Meet the Press."

McConnell is just another "old white man" who is great at criticizing and has no suggetions on how to fix the problem. Then Shelby is just plain stupid. AIG bonuses are outrageous and is a prime example that GREED is still alive and well in America. When I worked for an insurance company, they had no problem telling their employees no. This goes back to Paulson who was and has been in bed with these guys and did not monitor spending.

It should come as no surprise that the republicans and democrats work together to bring America more in line with the more "progressive" European nations. Some examples are regulatory hell, no fiscal freedom, no personal freedom, low wages, high cost of living, no guns, etc. I wish more people could see that there's really only about a dimes worth of difference between these two parties.

At some point, people will stop buying federal bonds as their risk-to-payoff ratio increases sharply, and Obama will either print more money to continue paying for his programs (which would drop bond-values even more sharply, to the point of net-loss), or he'll have to cancel everything that he started.

By 2013, the debt will surpass our GDP.

I'm so tired of the Republican Party and Politics as usual. Admittedly I have not voted Republican as many times as I have voted Democratic, but at this point I am so tired of the party of complainers that got us into this mess and now criticize our President at every attempt he makes to resolve all these issues. If you have a plan, then why wasn't this plan implemented years ago before this house of cards you built started falling apart.

" We will offer up numerous alternative amendments when the lobbyists tell us what to do." the real Mitch McConnell

HOW CAN THE SENATOR KEEP A STRAIGHT FACE WHEN HE KNOWS THE PRESIDENT INHERITED THIS MESS I AM NO FOOL AND NEITHER ARE THE AMERICAN PEOPLE. THE MAN IS DOING THE BEST WITH THIS MESS.

HOW CAN THE SENATOR KEEP A STRAIGHT FACE WHEN HE KNOWS THE PRESIDENT INHERITED THIS MESS I AM NO FOOL AND NEITHER ARE THE AMERICAN PEOPLE. THE MAN IS DOING THE BEST WITH THIS MESS.

Posted by: betty goswami | Mar 15, 2009 11:33:05 AM

According to Cheyney he didn't...lol. Cheyney still cant' tell the truth! I am confident Obama is doing the right thing.

WASHINGTON – Don't blame the Bush administration for all the country's economic problems.

That's the message from former Vice President D Cheney.

President Barack Obama constantly talks about the enormous economic troubles that he inherited when he took office in January. Cheney agrees that Obama did indeed came into power amid very difficult economic circumstances.

But Cheney says he doesn't think the Bush administration can be blamed for creating the economic woes. Cheney says it's a global financial problem. He says the idea that fault can assigned to the previous administration is "interesting rhetoric" but he doesn't think people care about that.

Cheney spoke on CNN's "State of the Union."

Oh no they had nothing to do with this meltdown. What a lying sack of....

George, you are a liar and an Obama sychophant.

DO SOMETHING ABOUT THIS TAPPER.

Obama Administration Lie of the Day:

Summers, just now with George “I create Dem strategy every morning with Rahm/Carville/Begala” Stephanopolis, said that Obama inherited a trillion dollar deficit as created by a Republican President and a Republican Congress….

Apparently Larry didnt notice the Dems winning Congress in 2006.

Sickening lie, repeated enough, will become truth in the public’s mind.

Now George is attacking McConnell with vigor, right after kissing Summers’ ring for 20 minutes and failing to rebut Summers' LIE that the GOP controlled CONGRESS AND THE PRESIDENCY IN 2008. If George can't bring himself to correct outright factual lies by Obama's advisors on his show, he should be removed.

Sickening to allow George to create talking points for Obama with Rahm and then cross examine the GOP about those talking points.

George, you are a liar and an Obama sychophant.

DO SOMETHING ABOUT THIS TAPPER.

Obama Administration Lie of the Day:

Summers, just now with George “I create Dem strategy every morning with Rahm/Carville/Begala” Stephanopolis, said that Obama inherited a trillion dollar deficit as created by a Republican President and a Republican Congress….

Apparently Larry didnt notice the Dems winning Congress in 2006.

Sickening lie, repeated enough, will become truth in the public’s mind.

Now George is attacking McConnell with vigor, right after kissing Summers’ ring for 20 minutes and failing to rebut Summers' LIE that the GOP controlled CONGRESS AND THE PRESIDENCY IN 2008. If George can't bring himself to correct outright factual lies by Obama's advisors on his show, he should be removed.

Sickening to allow George to create talking points for Obama with Rahm and then cross examine the GOP about those talking points.

Here is the quote and Georgie boy's failure to correct Summers LIE:

SUMMERS: We'd love to see Senator McConnell's concrete
alternatives that gets closer to a balanced budget. The situation the
president inherited of nearly $1 trillion deficits, before he did
anything, came at a time -- came at a time when it was a Republican
president and a Republican Congress that were making the decisions.

........

STEPHANOPOULOS: OK, Larry Summers, thanks very much for your
time this morning.

SUMMERS: Thank you.

How about taking Jon Stewart's advice and doing some fact-checking on what politicians say. Will Obama's budget really double the debt in five years? At least you called him out on not offering any alternative.

Great ... Republicans are able to do simple arithmetic. Now we know.

Surely they would *never* let the budget situation deteriorate on their watch huh? Like, say, inheriting a budget surplus and a booming economy and leaving a galloping deficit and a depression? Unthinkable!

Good to know that we can always count on Republicans. If not on their ability to do basic arithmetic then on their honesty and willingness to own up to their own little spending peccadillos. Right?

Call me a Liberal, but I'd rather spend money on trying to rebuild our infrastructure and kickstart our economy again than on going to war in the Middle East.

H,
That is what people need to start doing and they will find what some of the GOP dolts are saying is just not true. Yes, there are democrats that fall under that as well. Don't listen to these people who claim to know all, do your own research and you will find out that not all of what you are told or read is the truth. Rush Limbaugh is a fine example of spreading mistruths, but there are people stupid enough to listen to this maniac and take what he says as the truth.

Well, it appears ABC NEWS is deleting any reference to the quote from Summers as soon as it is posted. Typical sychophantic response to being caught in a lie. You think it okay to trick the American people into believing that the Dems had nothing to do with the deficits of 07, 08 and 09 when indeed they were in charge of Congress, as the Obama Administration's point man wants to trick the public into believing?

That's change we can believe in? Straight lies via propaganda delivered by ABC News to millions?

Seriously?

Here is the quote and Georgie boy's failure to correct Summers LIE:

SUMMERS: We'd love to see Senator McConnell's concrete
alternatives that gets closer to a balanced budget. The situation the
president inherited of nearly $1 trillion deficits, before he did
anything, came at a time -- came at a time when it was a Republican
president and a Republican Congress that were making the decisions.

........

STEPHANOPOULOS: OK, Larry Summers, thanks very much for your
time this morning.

SUMMERS: Thank you.

Cleaning up any mess is always costly, Obama has inherited not a mess but rather a cess pool. Reversing america's fortune is going to come at a cost. The other option is to loose its status as the most powerful democracy in the world. The democratic world and america has difficult choices to make and doubling the debt in the next 5 years is going to be one of the long-term cost that americans will pay for having Republicans and special interests running the administration for the last decade.

Given Mr. Summers understanding of economics and the workings of government he should have been able to provide an understandable explanation to every question asked. Instead he fumbled through the entire 15 minute interview. Dithering Senator McConnell was totally unprepared to answer any questions. The outstanding question being where is the Republican budget plan was answered with the idea that they did not have a plan but wanted to offer the GOP will offer numerous amendments to the administration's budget plan. The followup round table discussion provided litle in the way of insights or ideas on where the government should go on any of the topics discussed. The Walter Cronkite award may be going to your heads. Wehre is the next Tim Russert?

When they were in power, the Republicans created this mess. They spent like drunken sailors. They did away with banking regulations. They enlarged government. All they care about now is getting back their power. They want the economic stimulus to fail just to enhance their chances next election. They don't care one iota about the average citizen, or even what happens to our country. They deserve to become extinct as a Party.

Anti-Harkonnen Freedom Fighter:
George, you are a liar and an Obama sychophant.
DO SOMETHING ABOUT THIS TAPPER.
Obama Administration Lie of the Day:
Summers, just now with George “I create Dem strategy every morning with Rahm/Carville/Begala” Stephanopolis, said that Obama inherited a trillion dollar deficit as created by a Republican President and a Republican Congress….
Apparently Larry didnt notice the Dems winning Congress in 2006.
**************************
Anti-Harkonnen, read your history, the democrats
gained seats in both houses BECAUSE, the American
people were sickened with the arrogance and deceitful lies that the Republican administration were orchestrating (remember WMD). In 2006 the
Republicans still had the influence, if they had any common sense, but with no credibility they lost even more in 2008.Great job guys!

The Republicans are just upset because it only took them 3 years to double the debt. Now that Obama is doing it in 5, they hold the record.

Spaceyrook:

Uh, the Dems were in control in 07, 08 and now in Congress. The trillion dollar deficit Larry the Summers is referring to is for fiscal 2009, the first ever trillion dollar deficit.

Look at the quote again, lefty. Did Summers lie? Answer the question honestly.

SUMMERS: We'd love to see Senator McConnell's concrete
alternatives that gets closer to a balanced budget. The situation the
president inherited of nearly $1 trillion deficits, before he did
anything, came at a time -- came at a time when it was a Republican
president and a Republican Congress that were making the decisions.

........

STEPHANOPOULOS: OK, Larry Summers, thanks very much for your
time this morning.

SUMMERS: Thank you.

The deficit went to a trillion in fiscal 09 under Democratic Congress, bub. Bush refused to sign the appropriations bills because of the pork and so Obama did just now.

the stimulus added about 300 billion to the fiscal 09 deficit, the tarp added about 250 billion to fiscal 09 deficit. and now, the 09 appropriatiosn bill adds another 30 billon or so in extra spending over 08 levels.

I was born and raised Republican. I went throught the Military, Republican.
I voted for Raegan the first time. I saw how the value of my money dropped.
I was now an Independent.
After Totolitarian Ruler Bush and His henchmen robbed my Social Security, after 2 years of saying, "We want to save Social Security. Don't you want to save Social Security.' Social Security is not the Goverments money. It's my money and your money. THE REPUBLICAN PARTY(SPELLED RAPE PUBLIC AN PARTY) HAS NO RIGHTS TO USE IT FOR TAX CUTS FOR THE RICH. THEY HAVE NO RIGHT TO GIVE AWAY MY MEDICARE AND MEDICAID MONEY TO THE DRUG COMPANIES, SO THEY CAN RAPE THE PEOPLE OF THE UNITED STATES WITH EXTRAVIGANT PRICES.
I hope President Obama taxes the rich a minimum of 10% regaurdless of deductions, and puts it back into Social Security, Medicare and Medicaid.
I hope President Obama taxes the Drug companies for windfall profits.
As far as AIG. I would tell them straight out that the Employees are expected to take wage cuts. If they hand out those bonuses, they will not recieve another cent.
Skip

It is so clear that President Obama is pointing this country into total insolvency that it breaks my heart.

I can live with the bailout measure that were "unusual" and needed to fix a dire situation. But now the President is trying to totally change everything at once in this country - and it will cost a fortune to even start.

Sorry, I voted for this man - but I see no coherent plan here - just a lot of confidence, hubris, and lots and lots of bills.

Why can't the President be just a "regular" President like everyone else? Certainly why not to start that way? He seems hell-bent on making himself an icon in American history.

Well, those things happen after years and years of wise and hard work. It is not good sense to turn this country upside down while it is in the middle of a total financial meltdown. The rules is ... start at square one ... go to square two ... then to square three.... This is where his lack of experience is starting to really take its toll.

He is not going to change Washington overnight - certainly not by alienating all of congress as well. His budget is outrageous! When I first saw his proposals - I regretted the day I voted for the man.

This country needs a bit of stability - not overzealous change with no one balancing the checkbook.