OBAMA AMERICAS NUMBER ONE TERRORIST....USES BULLY PULPIT..
Obama uses White House Press briefing and mainstream media to try to bully Republicans into RAISING TAXES and cut spending less. The petulant man-boy president if I can't get my way I won't play with you..Using terrorist tactics of seniors may not receive THEIR social security, VETERANS with disabilities may not be paid. be ###
http://youtu.be/bnV447TaYMM
WASHINGTON — President Barack Obama told reporters on Friday, "I'm still pushing for us to achieve a big deal," as the high-stakes debt ceiling negotiations between the White House and Congress continue. "If we can't do the biggest deal possible ... let's still be ambitious," said Obama, who characterized the plan to raise the debt ceiling and leave the deficit unchecked a "fall back option." He implored congressional leaders to "do something significant" and "seize the moment," but admitted that "it is hard to do a big package." "I’ve already taken some heat from my party for being willing to compromise," insisted the president. The Republican members of the House, which include conservative members who are adamantly opposed to raising the debt ceiling, met for more than 90
minutes on Friday morning.
OBAMA USING BULLY PULPIT TO INTIMIDATE....
http://youtu.be/Dpmk0lBPfjI
Watch President Obama's news conference (on this page)
They agreed to vote next week on a "cut, cap and balance" proposal that would require steep discretionary cuts in the coming fiscal year, cap spending as a percentage of gross domestic product and amend the Constitution to require a balanced budget. Republican leaders said it would pass the House, but it will not likely clear the Democratic-led Senate. On Friday, Obama said that House proposal "would require cutting Social Security or Medicare substantially." Financial markets are starting to worry that Republicans and Democrats are too far apart to reach a major budget agreement by August 2, when the United States would run out of money unless the cap on government borrowing is raised. Ratings agencies Moody's and Standard & Poor's have signaled they may cut the gold-plated U.S. credit rating if the borrowing limit isn't raised and bills are not paid. Even if the United States does not default, its rating will be under pressure if negotiators do not agree to long-term deficit reduction. Failure to seal a deal by then would cause turmoil in global financial markets and could force the United States into another recession. "This is not some abstract issue," said Obama Friday about the financial repercussions of unsuccessful negotiations. "Congress has run up the credit card, and we now have the obligation to pay or bills." Republicans are pressing for at least $1 in spending cuts for every $1 that the debt ceiling is lifted, and say the White House needs to get serious about reducing spending to properly address the debt problem. Democrats are open to certain cuts but want some tax increases and other revenue-builders to be included in any deal so that the burdens of the austerity are shared. One alternative remained on the table: Senate Republican leader Mitch McConnell's plan that would give Obama the authority to raise the debt ceiling on his own. The White House has said that is not its preferred option.
