Obama to Boehner: "We Don't Have a Spending Problem"

[Max E.]

Finally the truth comes out, although those of us on the right already knew that Obama has no intention of cutting any spending.

I guess Obama thinks we can solve the deficit by taxing the rich, and adding new entitlements like Obamacare which he is dumb enough to think will bring down the cost of healthcare.

In an interview with Stephen Moore of the Wall Street Journal, newly re-elected House Speaker John Boehner (R-OH) opened up about President Obama’s utter unwillingness to cut a single dollar from federal spending. In a stunning admission, Obama reportedly told Boehner, “We don’t have a spending problem.”

Boehner added that President Obama continues to maintain that America’s federal deficit is caused not by governmental overspending but by “a health-care problem.” Said Boehner, “They blame all of the fiscal woes on our health-care system.” Boehner told Obama, “Clearly we have a health-care problem, which is about to get worse with Obamacare. But, Mr. President, we have a very serious spending problem.” Obama eventually replied, “I’m getting tired of hearing you say that.”

Obama may be tired of hearing Boehner talk about a spending problem, particularly when Obama has been re-elected on the basis of ignoring government spending. Nonetheless, America does have a spending problem, which Obama is steadfastly ignoring. “He’s so ideological himself,” Boehner explained, “and he’s unwilling to take on the left of his own party.” That’s why Obama refused to raise the retirement age for Medicare after agreeing to it. “He admitted in meetings that he couldn’t sell things to his own members,” said Boehner. “But he didn’t even want to try … We could never get him to step up.”

Boehner says that there will be no new tax increases over the debt ceiling. “The tax issue is resolved,” he said. And he said that more closed-door negotiations with Obama would be “futile.” It’s a bit too late to recognize that, but better late than never.
Obama need not negotiate on spending. He can just continue to bully Republicans by suggesting that they are the party of the rich – and his media lackeys can pretend that it’s fiscally irresponsible to ask the government to live within its means.

Ben Shapiro is Editor-At-Large of Breitbart News, and author of the upcoming book “Bullies: How the Left’s Culture of Fear and Intimidation Silences America” (Threshold Editions, January 8, 2013).

http://www.breitbart.com/Big-Government/2013/01/06/Obama-Boehner-tired-spending

 

[pspr]

I don't think we can survive 4 more years without cutting spending. It's going to effect the economy, the currency and we'll have to monetize the debt.

I think it was about 1 year ago that Bob Beckel and other democraps were saying the size the the debt was irrelevant. Then, as they realized that talking point wasn't going over too well, they dropped it. But, they never stopped believing it.

So, thanks to the morons who re-elected the worst president in the history of America we are on a course to probable financial and possibly social collapse.

 

[CaptainObvious]

Quote from pspr:

I don't think we can survive 4 more years without cutting spending. It's going to effect the economy, the currency and we'll have to monetize the debt.

I think it was about 1 year ago that Bob Beckel and other democraps were saying the size the the debt was irrelevant. Then, as they realized that talking point wasn't going over too well, they dropped it. But, they never stopped believing it.

So, thanks to the morons who re-elected the worst president in the history of America we are on a course to probable financial and possibly social collapse.

But we have the first "openly gay" senator. And there are more women in congress than ever. The diversity in government is just great. Biden may get a reality TV show. Obama is our first almost black president. These are the important things to focus on:eek: You too can be a vapid moron.

 

[Scataphagos]

Quote from Max E. Pad:

"... In a stunning admission, Obama reportedly told Boehner, “We don’t have a spending problem.”

Boehner added that President Obama continues to maintain that America’s federal deficit is caused not by governmental overspending

http://www.breitbart.com/Big-Government/2013/01/06/Obama-Boehner-tired-spending

Obama's spending/policies are the biggest crisis America has ever faced... even greater than fighting WWII on 2 fronts.

 

[Covertibility]

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Not a spending problem.

 

[Tsing Tao]

Quote from Covertibility:

<IMG SRC=http://research.stlouisfed.org/fred2/graph/fredgraph.png?&id=GDPC1,GDPPOT&scale=Left,Left&range=Max,Max&cosd=1947-01-01,1949-01-01&coed=2012-07-01,2022-10-01&line_color=%230000ff,%23ff0000&link_values=false,false&line_style=Solid,Solid&mark_type=NONE,NONE&mw=4,4&lw=1,1&ost=-99999,-99999&oet=99999,99999&mma=0,0&fml=a,a&fq=Quarterly,Quarterly&fam=avg,avg&fgst=lin,lin&transformation=lin,lin&vintage_date=2013-01-01,2013-01-01&revision_date=2013-01-01,2013-01-01>

Not a spending problem.

What a joke you are! This is your argument for "not a spending problem"...LOL!

 

[CaptainObvious]

Obama has said we need a balanced approach to the problem. From this statement one can easily see what direction he's going. Currently spending is considerably more than revenue generated. Even on a one for one basis, all we do is tread water. In order to achieve "balance" we have to cut spending to a greater degree, or increase revenue to a larger amount. Dear Leader has said he's not cutting anymore spending, so...

 

[PHOENIX TRADING]

Need I say more?

 

[stoic]

If we slap all the billionaires in the country for 100% of their net worth we would raise about $1.32 Trillion

Compare that to the $16.43 trillion Nation Debt, or to the $122.17 trillion in US unfunded Liabilities, or to $16.1 trillion Social Security Liability, or to the $21.31 trillion Prescription Drug Liability.....

... so we could then whack 100% of all the small business assets and raise another $8.01 trillion... so now we've cut the debt to only $7.1 trillion .......

.....now if we slap every household for another 10% of total assets......that would just about cover it. However, revenues would drop with all those small business out of business and all those personal assets sucked out. So within a year the national debt would be up $3 or $4 trillion again.

Now I want Obama( or some of the socialists here) to explain again why it's a Tax problem and not a spending problem.

 

[Ricter]

Quote from stoic:

If we slap all the billionaires in the country for 100% of their net worth we would raise about $1.32 Trillion

Compare that to the $16.43 trillion Nation Debt, or to the $122.17 trillion in US unfunded Liabilities, or to $16.1 trillion Social Security Liability, or to the $21.31 trillion Prescription Drug Liability.....

... so we could then whack 100% of all the small business assets and raise another $8.01 trillion... so now we've cut the debt to only $7.1 trillion .......

.....now if we slap every household for another 10% of total assets......that would just about cover it. However, revenues would drop with all those small business out of business and all those personal assets sucked out. So within a year the national debt would be up $3 or $4 trillion again.

Now I want Obama( or some of the socialists here) to explain again why it's a Tax problem and not a spending problem.

In a practical sense, most of our debt never comes due. It's not like household finance.