White House Says Obama Could Agree To Short-Term Debt Ceiling Hike

[Purveyor]

Source: THE HILL

By Sam Youngman - 07/20/11 02:12 PM ET

President Obama could agree to a short-term hike of the debt ceiling if there are concrete plans in place to move quickly with a grand bargain, the White House said Wednesday.

White House press secretary Jay Carney stressed that Obama is opposed to temporary increases to the U.S. borrowing limit, but he opened the door a crack saying that Obama could agree to something short term in order to give lawmakers time to finalize a deficit-reduction plan like the one unveiled by the bipartisan Senate Gang of Six.

The Gang of Six offered a $3.7 trillion deficit-reduction package that won quick bipartisan support in the Senate, but even members of the group said it is doubtful the plan could be scored and translated into legislative language by the Aug. 2 deadline for raising the $14.3 trillion debt ceiling.

Carney acknowledged “overwhelming odds,” but insisted it was still possible move a big deal through Congress before Aug. 2.

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Read more: http://thehill.com/homenews/administration/172549-white-house-says-obama-could-agree-to-short-term-debt-ceiling-hike

[Enrique]

1. so we can go through this bullshit all over again

yay

[pam4water]

3. Repukes would love that get a second shot at cutting medicare and social security.

[arcane1]

5. Possibly even before the election...

making it a great topic for repub campaign ads.

I hope this doesn't happen.

[xchrom]

2. gang of 6 assholes. nt

[DJ13]

8. 7... if Obama signs it

[Liberalynn]

27. +100

[FreeStateDemocrat]

17. Is there anybody other than rich, old, white man (Obama excepted) involved in this sell-out?

I guess we will find out how "good" a Christian BO is when he endures his coming political Crucifixion?

Right now, displaying weak, unorganized leadership he appears to be one and done in 2012.

But a lot can happen over 16 months and that is what he trying to play for with a delay and he's hoping it will be until after Nov. 2012.

Cut Social Security and it is "game over."

[Liberalynn]

26. Yeah not only

do they plan to cap COLA but cut SS benefits on top of it.

Real Dems better tell them to shove it where the sun don't shine. That is if there are any left.

[Poll_Blind]

4. "Grand Bargain" = Austerity Cuts. Lets just keep it to raising the Debt Limit, shall we?

"Grand Bargain"...my ass.

PB

[No Elephants]

29. Grand Bargain in this context, is an oxymoron, right up there with Great Depression.

[damntexdem]

6. I wonder whether Obama's eyes are hurting.

As often as he's been blinking lately. ;-)

[Bandit]

7. And just last week Obama said he would veto ANY short term debt ceiling hike.

Obama is getting to the point where nothing he says has value because he could change it on a dime.

[Islandlife]

11. Agreed

It's been like this since the campaign

[24601]

28. Fool me once....n/t

[dmosh42]

9. The millionaires and billionaires would regret a default more than I would...So fuck 'em!

[Myrina]

10. Oh fer fux sake ... is there ANYTHING this man won't give in on?

:puke: :puke: :puke:

[asjr]

12. Will we finally have to put this thing in lay-a-way?

[applegrove]

13. And none of them should get a vacation day off until a deal is done.

[ProfessionalLeftist]

14. This is a Hellbent rush to destroy the social safety net for the entire country

under the guise of some non-existent "emergency".

One word: EXTORTION.

And Obama is one of the perps, IMO.

[udbcrzy2]

15. Isn't that what the Rethugs wanted all along?

This is bullshit! Why even have talks if Obama is going to cave to Rethugs and then the rest of the Dems will follow. FUCK!

[Dawgs]

16. Duh. Isn't he always the first to cave?

:(

[blkmusclmachine]

18. .

:silly:

[aquart]

19. NO, President Spaghetti.

[jzodda]

20. Clinton said he would use the 14th amendment

and then dare the rethugs to sue him...

I say go for it and stop all this bullshit

[Liberalynn]

24. That to me sounds like the best plan at this point.

Everything else stinks to high heaven too much. So just put the 14th amendment back on the table all ready. I just IMHO don't trust Obama to do it, I hope I am wrong and he will.

[kiranon]

21. Short term measures will result in the destruction of all progressive

programs such as Social Security/Medicare and deductions for the middle class and more tax breaks for the wealthy. It is time to hold fast now and not give in.

[shanti]

22. but, but...

he said all along that he wouldn't go that way! wtf?

[brentspeak]

23. Yay! So we can do this all over again,

so that Obama can "be forced" into even more middle-class-destroying cave-ins to his professional wrestling partner, the GOP.

[alp227]

25. Well, Obama also signed several stopgaps to prevent a government shutdown nt

[No Elephants]

30. What? Nobody found a way to blame this on Lieberman yet?