Breaking: White House threatens veto of Cut, Cap, and Balance bill

posted at 12:41 pm on July 18, 2011 by Ed Morrissey

With the House poised to vote on a debt-ceiling increase tomorrow, the White House has released a threat to veto the bill if it reaches the President’s desk.  This statement was just released by e-mail, emphasis in the original:

The Administration strongly opposes H.R. 2560, the “Cut, Cap and Balance Act of 2011.”  Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility.  Increasing the Federal debt limit, which is needed to avoid a Federal government default on its obligations and a severe blow to the economy, should not be conditioned on taking these actions.  Instead of pursuing an empty political statement and unrealistic policy goals, it is necessary to move beyond politics as usual and find bipartisan common ground.

The bill would undercut the Federal Government’s ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future.  H. R. 2560 would set unrealistic spending caps that could result in significant cuts to education, research and development, and other programs critical to growing our economy and winning the future.  It could also lead to severe cuts in Medicare and Social Security, which are growing to accommodate the retirement of the baby boomers, and put at risk the retirement security for tens of millions of Americans.

Furthermore, H. R. 2560 could require even deeper cuts, since it conditions an increase in the Federal debt limit on Congressional passage of a Balanced Budget Amendment.  H. R. 2560 sets out a false and unacceptable choice between the Federal Government defaulting on its obligations now or, alternatively, passing a Balanced Budget Amendment that, in the years ahead, will likely leave the Nation unable to meet its core commitment of ensuring dignity in retirement.

The President has proposed a comprehensive and balanced framework that ensures we live within our means and reduces the deficit by $4 trillion, while supporting economic growth and long-term job creation, protecting critical investments, and meeting the commitments made to provide economic security to Americans no matter their circumstances.  H.R. 2560 is inconsistent with this responsible framework to restore fiscal responsibility and is not an appropriate method of reducing the Nation’s deficits and debt.  The Administration is committed to working with the Congress on a bipartisan basis to achieve real solutions.

If the President were presented this bill for signature, he would veto it.

A few points seem remarkable here.  Is it really Barack Obama’s contention that a balanced budget, now or in the future, threatens the dignity of retirees?  What basis does he have for claiming that deficits are a necessary component of retiree dignity?  That sounds very much like a demand for eternal deficit spending, with no attempt at any discipline whatsoever.

As far as Obama’s “comprehensive and balanced framework,” CNS News reminds us that the only specific plan Obama has published actually increases deficit spending rather than decrease it:

While the Republican-controlled House of Representatives has voted this year to approve House Budget Chairman Paul Ryan’s (R.-Wis.) proposal–that would put the government on a gradual path to a surplus by 2040–and plans to vote on a balanced budget amendment next week that would cap federal spending at 18 percent of GDP, the only budget proposal President Obama’s has publicly revealed in 2011 would, according to the Congressional Budget Office, increase the deficit by $26 billion this year, $83 billion next year, and $2.7 trillion over the next decade.

Additionally, although annual budget deficits would decline somewhat between 2013 and 2015 under Obama’s proposal, according to the CBO, after that they would start increasing again, going up every year from 2016 to 2021, the last year estimated by the CBO.

In short, the only budget proposal Obama has put forward this year for the public to review and analyze puts the federal government on a path to eventual bankruptcy.

The CBO report from April can be found here.  This chart shows that Obama’s projected budget produces bigger deficits by percentage of GDP than anything seen since 1981 — with the exceptions of the Democratic budgets to 2008-11.  They’re worse than the baseline we’re on at the moment, and not coincidentally, they make the debt load appreciably worse as a result:

If the CCB bill gets through the House and the Senate, would Obama really veto it?  He’d have to defy a Senate controlled by his own party to cancel a debt-limit increase in a situation that his own administration has relentlessly hyped as a fiscal Armageddon.  I’d call that a real long shot.

Call his bluff, GOP.

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Running scared. Go House GO!

txmomof6 on July 18, 2011 at 12:45 PM

The President has proposed a comprehensive and balanced framework

Bald faced LIE. Captain Fail has proposed nothing.

I agree, Ed, congress should call his bluff.

dogsoldier on July 18, 2011 at 12:45 PM

Call his bluff – GOP – and 13 Dem Senators

robertb on July 18, 2011 at 12:46 PM

Breaking: White House threatens veto of Cut, Cap, and Balance bill

Translation: White house says we can’t stop the insanity.

Chip on July 18, 2011 at 12:46 PM

Let him veto the bill! However, I hardly think there’s a chance of President Present taking such a “bold” stand.

labwriter on July 18, 2011 at 12:46 PM

Fox just reported that King Barry met with Boehner and Cantor met privately last night at the White House.

Knucklehead on July 18, 2011 at 12:46 PM

Call his bluff, GOP.

Agreed! Now is the opportunity the Republicans have been waiting for! Let’s see if any of them actually do have something resembling a spine!

Stare Obama down now, Republicans and let’s see who blinks first!

pilamaye on July 18, 2011 at 12:47 PM

Full speed ahead!

Fallon on July 18, 2011 at 12:47 PM

Calling this bluff is like calling someone who goes all-in after having looked ridiculously PO’d at the cards in his hand.

This idiot has no poker face. Hit him where it hurts.

Red Cloud on July 18, 2011 at 12:47 PM

Fox just reported that King Barry met with Boehner and Cantor met privately last night at the White House.

Knucklehead on July 18, 2011 at 12:46 PM

Any word if he threw another girlie-man hissy fit and stormed out?

pilamaye on July 18, 2011 at 12:48 PM

while reducing our ability to invest in our future.

What? We need to borrow to invest in the future now? What kinda bullshyt is that?

darwin on July 18, 2011 at 12:48 PM

Fox just reported that King Barry met with Boehner and Cantor met privately last night at the White House.

Knucklehead on July 18, 2011 at 12:46 PM

Countdown to GOP cave.

tetriskid on July 18, 2011 at 12:48 PM

Actually this might provide cover for Democrats to vote yes, if they think WH will veto and rescue them from the consequences of their vote.

txmomof6 on July 18, 2011 at 12:48 PM

This is a win/win. The senate dims will vote it down killing their chances in 2012 and ozero has come out and said he would veto it even before it gets passed. dummy.

VegasRick on July 18, 2011 at 12:48 PM

Yeah, he’s bluffing. Not much of a card player, this guy.

BKeyser on July 18, 2011 at 12:48 PM

The Administration strongly opposes making spending cuts

FIF us all

MeatHeadinCA on July 18, 2011 at 12:49 PM

This bill should be renamed the ‘call bho’s bluff’ bill! Come on r’s hang in there, don’t cave.
L

letget on July 18, 2011 at 12:49 PM

So he’s doubling-down on the Social Security at-risk lie, eh? On the default risk lie, eh?

And so far as the Act endangering “our ability to invest in our future” – have at it. The federal govt “investing in our future” with our tax dollars is what got us into this mess, champ.

Midas on July 18, 2011 at 12:49 PM

So arbitrary spending levels suck a bunch, but arbitrary troop levels and withdrawal dates are peachy. Got it.

Schmuck. Call this tools bluff, GOP!!

CantCureStupid on July 18, 2011 at 12:49 PM

Pass something for crying out loud. It’ll put the onus on the One, and it’ll reveal yet another Obama lie about “Armageddon” occurring on the day the debt ceiling is reached.

forest on July 18, 2011 at 12:49 PM

Fox just reported that King Barry met with Boehner and Cantor met privately last night at the White House.

Knucklehead on July 18, 2011 at 12:46 PM

Countdown to GOP cave.

tetriskid on July 18, 2011 at 12:48 PM

Countdown to GOP cave or GOP tar and feathering? I guess it depends on how you look at it. Speaking of which, you just reminded me to send another message to my congressman.

MeatHeadinCA on July 18, 2011 at 12:50 PM

Increasing the Federal debt limit, which is needed to avoid a Federal government default on its obligations and a severe blow to the economy,

Wouldn’t increasing taxes in the middle of the Obama Depression be a severe blow to the economy?

But perhaps that’s been the plan all along.

Chip on July 18, 2011 at 12:50 PM

Prediction: This won’t get out of the Senate. But on the off chance it does he won’t veto it. He will instead claim he is taking the high ground by signing this bill and try to claim some sort of moral superiority over Republicans.

NotCoach on July 18, 2011 at 12:51 PM

The whole point is to force the silly fellow to take a stand, set a position, etc…right now all we have is platitudes and pandering from the White House, no actual proposals at all. This forces both the Dem Senate and the White House to produce a counter proposal.

JIMV on July 18, 2011 at 12:51 PM

The President can’t veto a proposed amendment to the Constitution. It would go directly from the Congress to the states if it were approved by the House and Senate, which it won’t be. So I guess we’re just talking about the cut and cap being vetoed here.

Mark1971 on July 18, 2011 at 12:51 PM

The President has proposed a comprehensive and balanced framework

Bald faced LIE. Captain Fail has proposed nothing.

I agree, Ed, congress should call his bluff.

dogsoldier on July 18, 2011 at 12:45 PM

Yep, yep – hard to find a complete sentence in there that doesn’t contain an open lie.

Midas on July 18, 2011 at 12:51 PM

Yeah, he’s bluffing. Not much of a card player, this guy.

BKeyser on July 18, 2011 at 12:48 PM

Now that was funny. The card he is looking at is a joker.

txmomof6 on July 18, 2011 at 12:51 PM

Call his bluff, GOP.

In order to do that, we need the votes of some of those “true conservative patriots” who are refusing to vote to raise the debt limit at all.

Look. We only have two options:

1. Pass cut, cap, and balance.
2. Watch McConnell’s plan to give the president unprecedented power over the budget go through with the bipartisan support of some frightened RINOs and a bunch of tax-hungry Dems.

Refusing to raise the debt limit is the same as choosing option 2. The GOP needs to be working as a team on option 1.

Caiwyn on July 18, 2011 at 12:51 PM

The Republicans will get outsmarted again. Barry always wins, even if he has to do it illegally.

silvernana on July 18, 2011 at 12:51 PM

This is tic tac toe, and the Dems with the Senate and the Presidency will win or they will simply play for ties until the 2012 election.

That makes the GOP appear as the economy destroyer on default in payments Day.

But who wants to beat Obama when acting out as the angriest in public has its psychological reward?

jimw on July 18, 2011 at 12:52 PM

Mark1971 on July 18, 2011 at 12:51 PM
Are they going to do them separately?

txmomof6 on July 18, 2011 at 12:53 PM

Call

His

Bluff

JohnGalt23 on July 18, 2011 at 12:53 PM

Yes, bring it!

Doubtful the Senate will pass it, but GOP must make a solid stand and make the Dems own their tax-and-spend. If the Dems want to vote it down, let the voters decide.

petefrt on July 18, 2011 at 12:54 PM

Countdown to GOP cave.

tetriskid on July 18, 2011 at 12:48 PM

GOP cave or a chance for King Barry to just raise the ceiling using the 14th Amendment?

That’s where I see this heading.

Knucklehead on July 18, 2011 at 12:55 PM

txmomof6 on July 18, 2011 at 12:53 PM

I think they have to do them separately. The balanced budget amendment requires a 2/3 vote in each house. The other parts only need a majority.

Mark1971 on July 18, 2011 at 12:55 PM

Is this future vetoed spending reduction less or more that the percentage of GDP in Ike’s term as floated by the O the other day.

I would be very interested to know…

golfmann on July 18, 2011 at 12:56 PM

Why is Obama opposed to a balanced budget for Washington’s books?

Worst. President. EVER.

Good Lt on July 18, 2011 at 12:56 PM

leave the Nation unable to meet its core commitment of ensuring dignity in retirement

I don’t recall this language in Declaration or the Constitution.

txmomof6 on July 18, 2011 at 12:56 PM

Please do call his bluff. Right before his 50th birthday this week, even.

tree hugging sister on July 18, 2011 at 12:56 PM

Actually this might provide cover for Democrats to vote yes, if they think WH will veto and rescue them from the consequences of their vote.

txmomof6 on July 18, 2011 at 12:48 PM

Then it all falls on pambi.

VegasRick on July 18, 2011 at 12:56 PM

CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!
CALL HIS BLUFF!

SDarchitect on July 18, 2011 at 12:57 PM

The bill would undercut the Federal Government’s ability to meet its core commitments

Pro-tip: if balancing your budget makes it impossible for you to meet your “core” commitments, it’s time to reduce the number of commitments you make.

Inkblots on July 18, 2011 at 12:57 PM

If the CCB bill gets through the House and the Senate, would Obama really veto it?

He might veto it now, but he’d never do it on August 2 or beyond. If this is the best he can get, he’ll take it. All the media spin in the world won’t be able to hide the House GOP passing a bill to raise the debt ceiling and Obama and/or Reid killing it.

Doughboy on July 18, 2011 at 12:57 PM

Refusing to raise the debt limit is the same as choosing option 2. The GOP needs to be working as a team on option 1.

Caiwyn on July 18, 2011 at 12:51 PM

Not raising the debt limit is not the end of the world. But Republicans are horrible at getting out ahead of these things. They could easily pass legislation in the House prioritizing spending and launch a PR campaign explaining who is really the ones choosing default or no SS checks if it came to that.

NotCoach on July 18, 2011 at 12:58 PM

Another photo with crazy eyes.

Missy on July 18, 2011 at 12:58 PM

A few points seem remarkable here. Is it really Barack Obama’s contention that a balanced budget, now or in the future, threatens the dignity of retirees? What basis does he have for claiming that deficits are a necessary component of retiree dignity? That sounds very much like a demand for eternal deficit spending, with no attempt at any discipline whatsoever.

Obama and the rest of the Dems are engaged in a very sick, cruel game using Social Security as their pathetic ball to kick around. Real Americans by the millions are repeatedly traumatized by Obama when he makes these irreverant, if not irrational, boasts to boost himself on the lives and survival of Americans. It’s Obama who has NOT written ANY budget that has passed — in fact, the only budget the guy managed to eek out was soundly rejected by BOTH branches of Congress with barely a few among even the Democrats who supported it. That’s saying quite a lot about how inept and corrupt Obama actually is.

WHAT I SUSPECT — and this is suspicion, a guess, a hunch only — is that Obama and the Dems have “redirected” Social Security money into their other games they’re running on other fields, namely Obamacare and the various related disasters they’ve wrigged since Obama has taken office.

So to THEIR minds, from their points of view, Social Security *is* the issue because Obama, et al. have “redistributed” money from SS to elsewhere.

BUT Social Security is a separate issue from the Debt-Ceiling and the Balance-The-Budget issues. It’s only to Obama and the Dems, who are obviously compromised and in an indecent fashion about SS, that these issues are one and the same. Obviously, Obama doesn’t want that exposed, so he’s planning on veto’ing whatever might expose what he’s doing.

Lourdes on July 18, 2011 at 12:58 PM

“Former President Obama”

Its the only thought that keeps me sane.

BobMbx on July 18, 2011 at 12:58 PM

Mark1971 on July 18, 2011 at 12:55 PM
So I guess H.R. 2560 is conditioned on passage of BBA? How can they do that procedurally?

txmomof6 on July 18, 2011 at 12:59 PM

I’ve never understood the fear of a presidential veto. Let him veto it.

Monkeytoe on July 18, 2011 at 12:59 PM

Call the Bluff.

Bring it!

I’d really like to see Bambi Veto an increase in the debt ceiling!

I don’t think, somehow, even his fawning press could successfully spin it.

CatoRenasci on July 18, 2011 at 1:00 PM

This is a win/win. The senate dims will vote it down killing their chances in 2012 and ozero has come out and said he would veto it even before it gets passed. dummy.

VegasRick on July 18, 2011 at 12:48 PM

I think it’s an obligation at this rate of each of us NOT among the Obama-Left to make sure that this, if it transpires (the “win-win” scenario as per your description), is made known throughout our society. We can’t rely on Media to get this information out, so we should all be doing all that we can to repeat it as to who is actually to blame (Obama, the Dems in Senate) and who isn’t (House GOP).

Lourdes on July 18, 2011 at 1:01 PM

It sounds like Obama needs to eat his peas with a side of kale.

ErnstBlofeld on July 18, 2011 at 1:02 PM

Lourdes on July 18, 2011 at 12:58 PM
That has been happening since LBJ when SS receipts could go into the general fund to pay any of governments expenses.

txmomof6 on July 18, 2011 at 1:02 PM

They should immediately pass a second bill, with about $500 billion in additional debt that cuts current spending to whatever the last fiscal year budget would match current revenue rate… let him choose his poison

phreshone on July 18, 2011 at 1:03 PM

pass it, he will then signal the senate to compromise, then the bills will be reconciled. Onto election 2012.

rob verdi on July 18, 2011 at 1:04 PM

Unfortunately for fiscal conservatives, there will always be way more votes to be won by spending, than could ever be won by saving. This is why socialism works politically and why we have the luxuries of programs like welfare, social security, medicare, medicaid, and a million ways to provide people with lunch money.

People don’t care that the money is borrowed or can never be paid back. That’s for the grown ups to worry about. And in a democracy, the number of voters who DON’T want something for nothing pales in comparison to those who do.

Only America’s creditors – not its politicians, and not its electorate – can end this. How much of the world’s GDP will be used to fund America’s lifestyle? I suppose as long as creditors are willing to buy US debt, fiscal conservatives should just sigh and resign themselves to it. In the end, I’m not too sure who the sucker will end up being.

keep the change on July 18, 2011 at 1:04 PM

I’m really looking forward to seeing the Democrats August 1st plan.

Vote Republican and only be called a racist one more time.

bflat879 on July 18, 2011 at 1:04 PM

The President has proposed a comprehensive and balanced framework that ensures we live within our means and reduces the deficit by $4 trillion, while supporting economic growth and long-term job creation, protecting critical investments, and meeting the commitments made to provide economic security to Americans no matter their circumstances.

then let’s see it for cripe sakes

cmsinaz on July 18, 2011 at 1:05 PM

It’s laughable: Obama says he’ll veto a bill that includes a Balance-the-Budget requirement. Laughable.

Lourdes on July 18, 2011 at 1:05 PM

Is it really Barack Obama’s contention that a balanced budget, now or in the future, threatens the dignity of retirees?

the demagogue continues his demagoguery…

ted c on July 18, 2011 at 1:06 PM

I’ve never understood the fear of a presidential veto. Let him veto it.

Monkeytoe on July 18, 2011 at 12:59 PM

Yes, make him hang his hat on it. He wants to be a fiscal sanity pretender, call him out on it.

It’s infinitely easier for his propaganda wing (the NSM) to spin speeches and “just words” than real actions.

Chip on July 18, 2011 at 1:06 PM

Veto over-ride.

Congress Dems will want to avoid this at all costs. If the House and Senate both vote to approve this bill, and POTUS veto’s it, who in Congress would vote note to over-ride?

The only ones who could and not be called hypocritical would be the ones who voted against it in the first place.

Anyone who changes their vote would be crucified in 2012. At least, in a perfect world.

BobMbx on July 18, 2011 at 1:06 PM

Furthermore, H. R. 2560 could require even deeper cuts, since it conditions an increase in the Federal debt limit on Congressional passage of a Balanced Budget Amendment. H. R. 2560 sets out a false and unacceptable choice between the Federal Government defaulting on its obligations now or, alternatively, passing a Balanced Budget Amendment that, in the years ahead, will likely leave the Nation unable to meet its core commitment of ensuring dignity in retirement.

Who is proposing any measure of governing this country? All politicking all day – WTF indeed.

Warren Buffett has a plan to solve the deficit in five minutes flat?
I could end the deficit in five minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of Congress are ineligible for reelection … [T]hey’re trying to use the incentive now that we’re going to blow your brains out, America, in terms of your debt-worthiness over time … A more effective threat would be just to say, ‘If you guys can’t get it done, we’ll get some other guys to get it done.’

Dr Evil on July 18, 2011 at 1:06 PM

will harry actually bring it to the senate floor?

cmsinaz on July 18, 2011 at 1:06 PM

Anyone who believes Obama is willing to cut anything except defense is a fool.

The GOP is about to cave and I doubt it is at all aware of how p!ssed the rank and file is going to be.

bw222 on July 18, 2011 at 1:08 PM

teh won wants revenue enhancement, would eliminating the tax credits supporting solar and wind energy count as revenue enhancement?

agmartin on July 18, 2011 at 1:08 PM

I think what’s obvious is all the Dems have going for them is they feed on fear very well and use it to bend public persuasion. They are like the Parallax from the Green Lantern.

gatorfanatic on July 18, 2011 at 1:08 PM

Obama at the Congressional poker game

NoFanofLibs on July 18, 2011 at 1:08 PM

GOP cave or a chance for King Barry to just raise the ceiling using the 14th Amendment?

That’s where I see this heading.

Knucklehead on July 18, 2011 at 12:55 PM

If he invokes the 14th Amendment, I see impeachment on the way… well, maybe. Not with the likes of McConnell in the seat, though.

MeatHeadinCA on July 18, 2011 at 1:08 PM

Has anyone else noticed that Obama says “win the future” every time he speaks publicly?

I say the GOP should just pass 3-6 month extensions until the eve of the election. We want this issue on the table in 2012, preferably passing something 2 weeks before the election that will carry us through January of 2013. I’m pretty sure Obamacare will be making news in the 2012 election as well. There is also the Gunwalker investigation that still hasn’t played out fully. Also, the “bush tax cuts for the rich(and everyone else)” are set to expire in Jan 2013.

If there is a single republican out there that can’t beat Obama in 2012 with all of this hanging over his head, I have no hope for this country.

Mord on July 18, 2011 at 1:08 PM

But on the off chance it does he won’t veto it. He will instead claim he is taking the high ground by signing this bill and try to claim some sort of moral superiority over Republicans.

NotCoach on July 18, 2011 at 12:51 PM

That’s his only out. he’s boxed into a corner, but good.

dogsoldier on July 18, 2011 at 1:08 PM

Lourdes on July 18, 2011 at 12:58 PM

That has been happening since LBJ when SS receipts could go into the general fund to pay any of governments expenses.

txmomof6 on July 18, 2011 at 1:02 PM

Yes, I know but not to the extent that Obama and the current spate of Democrats/Communists have done so. Obama displays genuine urgency in his despicable threats using the theme or specifics of “Social Security” and it indicates his pressured need to conceal what the facts are. He fears exposure, certainly, and he’s turned to despicable threats using the “Social Security” phrase like a cattle-call for a stampede.

Lourdes on July 18, 2011 at 1:08 PM

Not raising the debt limit is not the end of the world. But Republicans are horrible at getting out ahead of these things. They could easily pass legislation in the House prioritizing spending and launch a PR campaign explaining who is really the ones choosing default or no SS checks if it came to that.

NotCoach on July 18, 2011 at 12:58 PM

I’m not saying refusing to raise the debt limit is bad in and of itself. I’m saying that there is enough bipartisan support for McConnell’s last resort plan that it will pass if we don’t come up with something else.

We can avoid that by passing cut, cap, and balance. But if it doesn’t pass because certain GOP holdouts are unwilling to vote on any legislation that raises the debt ceiling, then we will end up with McConnell’s plan by default.

There is no third option.

Caiwyn on July 18, 2011 at 1:08 PM

Fox just reported that King Barry met with Boehner and Cantor met privately last night at the White House.

Knucklehead on July 18, 2011 at 12:46 PM

Fox Nation has something that the WH is signaling they will accept a short term bill. Maybe this had something to do with it?

gophergirl on July 18, 2011 at 1:08 PM

Call his bluff, GOP.

^This.

Over and over and over!

Call his bluff!!

ButterflyDragon on July 18, 2011 at 1:09 PM

will harry actually bring it to the senate floor?

cmsinaz on July 18, 2011 at 1:06 PM

Hmmm… I don’t know if anything will ever get out of the Senate. I think you can count on a lot of TP Senators to filibuster crap going through the Senate.

MeatHeadinCA on July 18, 2011 at 1:09 PM

the house passed a budget already as well…

with this lsm, you wouldn’t even know it….

everything is on harry’s head already but you wouldn’t know that if you are living in sheeple land….

cmsinaz on July 18, 2011 at 1:09 PM

Bring it…!

d1carter on July 18, 2011 at 1:09 PM

txmomof6 on July 18, 2011 at 12:59 PM

I haven’t heard anyone say how this is all going to work out. I don’t even know if the GOP will agree to move the cut and cap parts forward if the BBA doesn’t pass. Maybe they will insist on the whole package. If so, then this is going nowhere because they don’t have enough Dems to pass the BBA. The only thing they will get out of it is that they’ll be able to say that Democrats opposed the BBA.

Mark1971 on July 18, 2011 at 1:09 PM

True leaders don’t wait until the last minute of such a huge project.

Obama is the scourge of the land, a thuggish sinister character, malicious in his narcissism.

NPD, the clinical kind. See Symptoms too. The entire land, and the world suffer the consequences, for generations to come.

Schadenfreude on July 18, 2011 at 1:10 PM

If the CCB bill gets through the House and the Senate, would Obama really veto it? He’d have to defy a Senate controlled by his own party to cancel a debt-limit increase in a situation that his own administration has relentlessly hyped as a fiscal Armageddon. I’d call that a real long shot.

Which is why he’s scare-mongering here. And it’s directed right at the Senate Dems.

Because if it DOES pass both the House and Senate, he’s going to be under enormous pressure to sign it. Which is why he’s trying to frighten Senate Dems into not doing it, under the pretext (and that’s largely what this is) that he’ll veto it.

Vyce on July 18, 2011 at 1:10 PM

The Administration is committed to working with the Congress on a bipartisan basis to achieve real solutions.

What is his solution? I’m tired of hearing from both sides of the aisle about “common sense solutions”

Put your money where your mouth is and tell us what they are.

gophergirl on July 18, 2011 at 1:10 PM

Why doesn’t the House vote on a resolution to reflect what Senator Corker said? No vote on the debt limit until after the Senate passes a budget!!!

How can you vote on spending without a budget???

ladyingray on July 18, 2011 at 1:10 PM

Now they’re holding Social Security hostage, just imagine when they’re holding your health care hostage!!!

Vote Republican and only be called a racist one more time.

bflat879 on July 18, 2011 at 1:10 PM

Wait. Wait. Weren’t we racists last week for digging in and not wanting to compromise?

faraway on July 18, 2011 at 1:10 PM

There is also another leak over here, call Al Gore quick we need another lie.

tarpon on July 18, 2011 at 1:11 PM

Is it really Barack Obama’s contention that a balanced budget, now or in the future, threatens the dignity of retirees?

the demagogue continues his demagoguery…

ted c on July 18, 2011 at 1:06 PM

Which Department of the Federal Government will oversee the Dignity in Retirement Integrity Program? A new bureaucracy to sux more tax dollars out of us – Will the head of the Department, hold a cabinet position? Secretary of DRIP :)

Dr Evil on July 18, 2011 at 1:11 PM

He is calling “his own bluff”.

Talk about worthless thuggish powerhounds.

May history destroy him.

Schadenfreude on July 18, 2011 at 1:11 PM

will likely leave the Nation unable to meet its core commitment of ensuring dignity in retirement

That’s not a “core commitment of the Nation”, it was a bill passed by the lefties in 1937, and the lefties in 1965 (or so.)

ConservativeinCO on July 18, 2011 at 1:12 PM

Now they’re holding Social Security hostage, just imagine when they’re holding your health care hostage!!!

Vote Republican and only be called a racist one more time.

bflat879 on July 18, 2011 at 1:10 PM

That’s their plan – at least until country collapses…

Chip on July 18, 2011 at 1:13 PM

If the President were presented this bill for signature, he would veto it.

Go for it, you azzhole.

Schadenfreude on July 18, 2011 at 1:14 PM

Politico: “Are default deniers dangerous?

faraway on July 18, 2011 at 1:14 PM

Dr Evil on July 18, 2011 at 1:06 PM

Every time I start to pay attention with any enthusiasm to Warren Buffet, I recall that he was among Obama’s primary supporters in the 2008 election (and I’m guessing he still is). So his screws are too loose to be taken seriously, despite his wealth. His political views are desperately wonky.

Lourdes on July 18, 2011 at 1:14 PM

will harry actually bring it to the senate floor?

cmsinaz on July 18, 2011 at 1:06 PM

No! Hell no!!!!

Knucklehead on July 18, 2011 at 1:15 PM

mr scare monger not leaving political rhetoric outside the door is at it again on the tv…

cmsinaz on July 18, 2011 at 1:16 PM

McConnell and Boehner now crapping their pants.

james23 on July 18, 2011 at 1:16 PM

Time to push in all the chips and go “all in” over the top!!

Khun Joe on July 18, 2011 at 1:16 PM

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