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Sat Jan 5, 2013, 08:38 AM

Obama says U.S. can't afford more showdowns over debt, deficits

Source: Reuters

Fresh from the long legislative fight to prevent a "fiscal cliff" of tax hikes and spending cuts, President Barack Obama warned on Saturday that the United States could not afford further budget showdowns this year or in the future.

Obama, who returned to Hawaii for a family vacation shortly after the House of Representatives passed a compromise bill on Tuesday, said in his weekly radio and Internet address that the new law was just one step toward fixing the country's fiscal and economic problems.

"We still need to do more to put Americans back to work while also putting this country on a path to pay down its debt, and our economy can't afford more protracted showdowns or manufactured crises along the way," he said in the address, broadcast on Saturday.

"Because even as our businesses created 2 million new jobs last year - including 168,000 new jobs last month - the messy brinkmanship in Congress made business owners more uncertain and consumers less confident."

Read more: http://www.reuters.com/article/2013/01/05/us-usa-fiscal-obama-idUSBRE90404X20130105

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Reply Obama says U.S. can't afford more showdowns over debt, deficits (Original post)
Redfairen Jan 2013 OP
NewJeffCT Jan 2013 #1
CapnSteve Jan 2013 #2
pediatricmedic Jan 2013 #3

Response to Redfairen (Original post)

Sat Jan 5, 2013, 08:55 AM

1. Nice sentiment

but, is that John Boehner I see giving him the finger?

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Response to Redfairen (Original post)

Sat Jan 5, 2013, 09:57 AM

2. 14th Amendment, bitches! Executive Order. Done.

Time to start swinging that big stick, Mr. President!

Next, Harry Reid needs to bring filibuster reform home...

I am loving the second term so far! How about you?

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Response to Redfairen (Original post)

Sat Jan 5, 2013, 02:13 PM

3. I have no faith in our president or either party to bring the deficit down

To complete this task would require a lot of compromise between all parities involved. It will also require massive tax increases and very large cuts to be made. One party wants only cuts and the other wants only increases. Both parties want lots of pork added to the mix as well.

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