Here is video of House Speaker John Boehner saying President Obama’s desire to keep increasing spending with no intent to deal with the nation’s soaring debt “almost took my breath away.” Boehner said he had hoped to discuss with Obama a strategy to begin dealing with the debt, but instead heard Obama tell him he wants another increase in the nation’s debt ceiling with no spending cuts whatsoever!
5/15/12 – Here is complete video of Gov. Mitt Romney’s speech in Des Moines, Iowa on the “prairie fire” of debt and deficits created by Barack Obama that is facing the nation. In the speech, Romney said the unprecedented debt run up by Barack Obama amounts to over $500,000 for every American household, which he described as a “nightmare mortgage” with an adjustable rate that could go up at any time.
Romney did a fantastic job in this speech of framing the situation facing the country in terms everyone can get their arms around. The “nightmare mortgage” analogy is outstanding, and powerful. He needs to hammer on this from now to November 6. Best speech yet by Mitt Romney.
For the liberal media desperate to protect Barack Obama, it’s open season on Texas Gov. Rick Perry.
Here is Breitbart.tv video showing how MSNBC appears to have clipped remarks by Rick Perry to make it look like he was making a racist remark. Perry actually was saying the huge debt hanging over America is like a “big-black cloud” hanging over the economy. Actually, the term “big-black cloud” is often used for something bad or menacing. But Schultz explicitly said Rick Perry was referring to Barack Obama.
But Breitbart.tv found the more complete video of Perry’s remarks, which clearly show he identified the “big-black cloud” – both before and after his use of the phrase – as the nation’s debt, and NOT Barack Obama. MSNBC apparently forgot to include both of those mentions in their video clip.
Here is video of Patricia Powell, founder and CEO of the Powell Financial Group, appearing on Fox News today, where she advised Americans to have cash on hand in the event there is no deal on the Debt Limit by August 2. Powell suggested people should have “$1,000″ in cash, because there is an outside chance people could have trouble accessing their credit.
“For most of us, if we had $1,000 in bills in our drawer, we would be fine. I don’t expect you’re going to need them. But you know what? If you need them, it’d be nice to have.”
GOP Rep. Steve King warned on Twitter today that if President Obama allows the U.S. to default on its interest payments, it would be an impeachable offense. King tweeted, “C C & B,” short for “Cut, Cap, and Balance” – the plan to raise the debt ceiling and cut spending already passed by the Republican-controlled House of Representatives. Obama has been using the threat of “default” as leverage to try and get what he wants.
The New York Post reports this morning a sign that President Obama may be starting to crack on his demand for a huge, long-term Debt Limit Deal that includes tax-increases. Obama had said he would not sign any kind of a shorter-term deal to raise the debt limit. But his aides yesterday began to sound like he would accept a smaller, shorter-term deal “if that’s all they can get”:
NEW YORK POST: The White House yesterday cracked the door open for a smaller, GOP-backed debt-limit deal to avert a looming financial crisis.
Statements made by a top aide show that for the first time, the administration could back off its hard-line demands for a large, sweeping deal to increase the debt limit.
For weeks, President Obama has touted a massive $4 trillion plan that would hike taxes, increase spending cuts and overhaul Social Security and Medicaid.
House GOP leaders instead offered a smaller deal with only spending cuts that would increase the debt limit by $2.4 trillion, just enough to last until after the 2012 elections. Obama’s top staffers for the first time yesterday said a smaller bargain will do, if that’s all they can get. . . . Read More
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