Obama: Raise debt ceiling or risk global recession

Obama: Raise debt ceiling or risk global recession

www.google.com

Failure by Congress to raise the U.S. debt limit "could plunge the world economy back into recession," President Barack Obama declared Friday, and he acknowledged that he must compromise on spending with Republicans who control the House to avoid such a crisis.

"I think he's absolutely right that it's not going to happen without some spending cuts," the president told The Associated Press in an interview in his hometown, agreeing with House Speaker John Boehner's assessment.

(visit the link for the full news article)

Interesting rhetoric here..

first off... bipartisanship... Obama seems to be agreeing with Boehner on a few items

Also, the prospect of the domino effect that could occur when/if we hit this wall.

Amazing how interdependent we all are on eachother at this point... kinda makes one think of globalization...

www.google.com
(visit the link for the full news article)

Raising the debt ceiling is crazy.

Totally crazy.

Quit spending so much money. 15% cut for all programs everywhere. Then everyone's equal and everyone has to deal with it. And cancel those rich people tax cuts too.

Personally,

I vote for the recession/collapse.

double post

Raise the debt ceiling and we see inflation and a collapse.
Not raise the debt ceiling? We see draconian cuts in spending because the money won't be there.

Don't raise the ceiling.

It really doesn't matter.

It's too late.

Interesting...either Obama is trying to guilt his Enemys into rasing the Debt Ceiling (if they don´t do it: "Its not my Fault the Worlds Economy is crashing...") or its a Signal to the Elite to bug out...or its the Signal to the Bankers to bring the whole thing down...

Choices,choices

Don't blame President Obama, he's just relaying the words of the Robber Barons at the central bank.

Let's face it, we are to owe them forever, for everything, without end, and never - ever - get out of the red.

But hey, they are helping us towards that end...... more wars anyone? There's plenty to go around, and they'll be only too happy to make more..... since part of their cartel is the military industrial complex.

If this was an actual democracy, representatives wouldn't be voting/deciding on the behalf of the populous. Instead of having one election day per year, America should have one per month where key propositions would be voted on. Congress would only be a minor factor, and the president would be in charge of enforcing what the citizens vote for with no question or recounts.

No the debt ceiling shouldn't be raised. If my own personal ceiling was raised, I would only be further in debt. How in the world could we avoid a Global recession by America raising it's debt ceiling??? The dollar is already worth what I've put in my garbage today!

Risk a global recession? Where's he been for the past couple of years...vacation? Too late Barry, we've been in a global recession for a while now. Depending on which "expert" is asked it's either 18-24 months or 2 to 3 1/2 years the global recession has been going on. Must be nice to be the government. If I want some extra money I either have to work for it or try and get a loan and put up collateral. I don't pay and I lose the collateral and whatever else to cover the costs involved. Evidently TPTB think all ya gotta do is say the word and "poof" the money magically appears with no consequences to them. The country's run out of money because even the interest payments on our national debt is huge and the country can't even afford to pay the interest, but the government wants to borrow more money. That's like a homeless person getting a loan for $100,000 not able to make a payment on it and deciding that a loan for $50,000 more will cure the problem.

Government is not the solution...it's the problem.

Economic collapse gives us a chance to free ourselves from the shackles of debt slavery. I vote for the collapse.

Start with recession so you can focus on your infrastructure....curb the debt.

The problem here is that where does the US get the money from? The Federal Reserve.

Who does the interest go to? The Federal Reserve.

How much principal gets paid back and to whom? Very little, and to the Federal Reserve.

Who owns the Federal Reserve? The Elite.

What is the Elite's plan for the upcoming future? A New World Order.

How? Through debt.

Oh yeah, one other thing about "Global Recession"....whose global recession is this anyways? The Elite's global recession because they aren't collecting enough money from the tax payers. This is not a people's recession, this recession comes from the Elite who want the NWO to go through.

We MUST stop this madness!

Originally posted by Maxmars
Don't blame President Obama, he's just relaying the words of the Robber Barons at the central bank.

Let's face it, we are to owe them forever, for everything, without end, and never - ever - get out of the red.

But hey, are helping us towards that end...... more wars anyone? There's plenty to go around, and they'll be only to happy to make more.....

The most amazing paradigm shift is happening. People all over the world recognize that the money they have forced upon us IS debt. It's all a smoke screen. We are learning that we have the power to negate their plans by non participation in their fiat games. When the greater mass of the people finally understand that Honesty with their fellow man is the true currency,the banksters will have lost. Never fight their wars...these people that are supposedly our enemies are pawns just like us.

Originally posted by sonofliberty1776
Economic collapse gives us a chance to free ourselves from the shackles of debt slavery. I vote for the collapse.

Doesn't it also give them the chance to establish an iron-fisted autocracy run by the supranational elite at the UN?

The more you raise the harder you fall.

Originally posted by Jepic
The more you raise the harder you fall.

You mean, 'the bigger they are the higher they fall" right? Notice the words "they" in the sentence. Your quote has no meaning for me unless you complete the verbiage.

So...the more a country raises its debt, the harder the economy will fall in terms of prolonged recession, right?

Cut spending ? but raise debt ceiling by borrowing more money ? Am I the only one who see's this as political double speak ? People should not worry about Government shutdowns , don't give them the choice .It's not their choice to make , it's your's .The people need to shut them down and shut them down for good !!!!!

Originally posted by 13th Zodiac
Cut spending ? but raise debt ceiling by borrowing more money ? Am I the only one who see's this as political double speak ? People should not worry about Government shutdowns , don't give them the choice .It's not their choice to make , it's your's .The people need to shut them down and shut them down for good !!!!!

Good point.

However, who is spending whose money? Essentially all the dollars are borrowed so they have little value in the market place right now. Raise debt ceiling means that the US is wanting to borrow more money because it lacks an iron fist to have its own people make the money by stealing it from developing countries like China and India. Hence why globalists think borrowing is a good thing because it can provide leverage whenever you outsource labor to other countries.

If anything, someone should fire the President's ECONOMIC ADVISORS! These guys are the weasels that make this continent go downhill.

if i or you went to the bank

and said i need my credit card limit raised but you had a $400,000 home loan that your behind on

another loan that your also behind on

two cars about to be repossessd.

the bank would laugh at you and say PAY YOUR DAMN BILLS.

thats for us little people.

obama NO PROBLEM!


there are nothing but idiots running this country who know the fundamental principle that all us little people live by WE CAN'T SPEND MONEY we don't have.

but they have and will because they can