Obama’s second-term problem: We’re all out of money
Any agreement is likely to result in less than the $1.6 trillion in new taxes over the next decade that Obama requested in his initial offer to House Republicans, and White House aides are signaling to allies that any new money from taxes would be used almost entirely for deficit reduction — not for ambitious, new spending programs or government expansions…
[A]ny new spending programs will, by necessity, be small and narrow in scope: repairs to roads and bridges, airport renovations and other infrastructure upgrades, for example, or modest grants to help blighted city neighborhoods.
Allies expect Obama to harness the combined political capital of his reelection and the outcome of the tax fight for an aggressive push to legalize millions of illegal immigrants in what could be a signature domestic achievement.
Blowback
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“Print some Ben” — Stupid Obama
Schadenfreude on December 9, 2012 at 9:02 PM
It does not matter. Emperor Obama will spend as much money however he pleases.
mojojojo on December 9, 2012 at 9:08 PM
Raise some taxes, Duh!
davidk on December 9, 2012 at 9:15 PM
Helicopter Ben to the rescue!
Mark1971 on December 9, 2012 at 9:19 PM
“But, but, but…. I’m entitled! ”
—– Welfare King – Peanut Carter the Second
viking01 on December 9, 2012 at 9:21 PM
Solution: redefine DOWNWARD who is a “millionaire and billionaire”.
Watch out people who earn over $80K. Very soon, you will be targeted as the member of the uppercrusty fatcat bourgeoisie.
kurtzz3 on December 9, 2012 at 9:22 PM
Weren’t we supposed to have already spent $787 billion on precisely this back in 2009?
steebo77 on December 9, 2012 at 9:23 PM
Legalize 20 million illegals who will vote 99% for the democrats, and kiss the republic goodbye.
All according to plan.
Rebar on December 9, 2012 at 9:25 PM
The land deserves to be destroyed by him.
Such free, and stupid, peopel deserve his scrooming until they bleeds, without tourniquets.
Schadenfreude on December 9, 2012 at 9:25 PM
We’re all out of money yet he lives like a king…
Blake on December 9, 2012 at 9:26 PM
Our problem with Obama’s second term: We’re all running out of liberty.
petefrt on December 9, 2012 at 9:26 PM
No sh%t…?
Seven Percent Solution on December 9, 2012 at 9:33 PM
So the WaPo is just figuring out now that we’re out of money? And it’s only a problem because Obama can’t fund more gov’t programs.
supernova on December 9, 2012 at 9:35 PM
We’ve been out of money since the 70′s. Now we’re just running up debt for our kids to pay. Meanwhile, I just made an offer on a home in Scarborough. Take someone else’s tax dollars, ignorant savages!
Kakalak Pundit on December 9, 2012 at 9:49 PM
They’ve already started that with everything from talking about the ’Top 2%’ instead of the ‘Top 1%’ to some oppressives calling for increasing taxes on everyone.
Pretty soon a “millionaire” will be defined as someone who makes 100k over 10 years.
Galt2009 on December 9, 2012 at 10:13 PM
if he comes in here and poisons the well
If? Pathetic
Applause
entagor on December 9, 2012 at 10:44 PM
Freakin’ thread winner, peter!
This is the inevitable end of a nation using fiat money, folks. With no limit on the money supply besides how much can be printed, sooner or later some bright light has the brilliant idea of just making more…
MelonCollie on December 9, 2012 at 11:33 PM
Ya they said that about ObamaCare too…. not adding one dime or something like that LOL!!!!
watertown on December 9, 2012 at 11:50 PM
Let’s just mint up some platinum coins and arbitrarily value them. They can dig up another moonbat economist to tell us it will have no negative economic impacts to speak of.
WeekendAtBernankes on December 10, 2012 at 1:33 AM
wonderful
cmsinaz on December 10, 2012 at 6:03 AM
Is there nothing this administration will define as a local problem? Does everything have to be handled by the federal government?
Odysseus on December 10, 2012 at 7:22 AM
Of course. Nobody else has the level of incompetence required to do things the way Obama wants it done.
backwoods conservative on December 10, 2012 at 7:58 AM
Unfortunately it seems that most Dem voters aren’t able to comprehend the differences, advantages, and disadvantages of different things being handled at different levels of government.
This is why when conservatives start a debate about cutting federal spending Leftists immediately like to launch into a defense of local community libraries and firefighters. It’s all “just government” to them.
visions on December 10, 2012 at 8:51 AM
“We’re all out of money”
LOL. No need to worry, minting those trillion dollar O’platinum coins will solve everything.
Pork-Chop on December 10, 2012 at 8:52 AM