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Jul 25 - "America will run out of money in 7 days"-Obama

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 Jul 25 - "America will run out of money in 7 days"-Obama
33 topic by barack obama - 07-25-2011, 08:39 PM


I'm live on tv right now talking about it
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Washington (CNN) -- Congress is at a stalemate over raising the federal debt ceiling, and Americans need to pressure their elected representatives to work out a compromise that will avoid a potentially devastating default, President Barack Obama told the nation Monday night.
In his seventh prime time televised address, Obama sought to increase pressure for congressional leaders to reach a deal that would allow the government to continue borrowing money pay its debts after August 2.
The president singled out House Republicans for intransigence and said the political showdown is "no way to run the greatest country on Earth."
Obama endorses Senate Democratic plan
"The American people may have voted for divided government, but they didn't vote for a dysfunctional government," Obama said. "So I'm asking you all to make your voice heard. If you want a balanced approach to reducing the deficit, let your member of Congress know. If you believe we can solve this problem through compromise, send that message."
If Congress fails to raise the $14.3 trillion debt limit by August 2, Americans could face rising interest rates and a declining dollar, among other problems. As the cost of borrowing rises, individual mortgages, car loans and student loans could become significantly more expensive.
Officials also warn that, without an increase in the debt limit, the federal government will not be able to pay all its bills next month. Obama recently indicated he could not guarantee Social Security checks would be mailed out on time.
Months of increasingly tense negotiations have failed to bring a deal that can win approval from all of the necessary players -- the Republican-led House, Democratic-led Senate and the White House.

The talks initially involved a broad deficit-reduction plan intended to reduce the mounting gap between how much the government spends and how much revenue it collects. Obama pushed for a comprehensive plan that included spending cuts, increased tax revenue and entitlement reforms, while Republicans sought to shrink government by proposing spending cuts and reforms without increased revenue.
In his response to Obama's speech, House Speaker John Boehner said the president's proposals fail to deal with the fundamental problem: that the nation spends more than it takes in.
"The sad truth is that the president wanted a blank check six months ago, and he wants a blank check today," Boehner said. "That is just not going to happen.
http://www.cnn.com/2011/P...lks/index.html
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America, yall done fu*ked up


The Following BX resident gave props to barack obama LOONATIK (07-26-2011)

122 comments for "Jul 25 - "America will run out of money in 7 days"-Obama"

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 07-25-2011, 08:58 PMaway - #2
Renn Raglan  space
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o. dam. dats not coo. i fu*ks wit money too...

shout out 2 all my real n*ggaz gettin' dat cash....

i got racks on racks on my racks o my racks so i ain't even trippin' off dis sh*t

 07-25-2011, 09:08 PMonline - #3
Agentzer0oo0 167 heat pts167 space
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Originally Posted by Renn Raglan
o. dam. dats not coo. i fu*ks wit money too...

shout out 2 all my real n*ggaz gettin' dat cash....

i got racks on racks on my racks o my racks so i ain't even trippin' off dis sh*t

....

*sigh*
 07-25-2011, 09:09 PMaway - #4
King Allister 36 heat pts36 space
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time to find a currency like soon
 07-25-2011, 09:17 PMaway - #5
Mr AirRic 1 heat pts space
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Originally Posted by Renn Raglan
o. dam. dats not coo. i fu*ks wit money too...

shout out 2 all my real n*ggaz gettin' dat cash....

i got racks on racks on my racks o my racks so i ain't even trippin' off dis sh*t

lol @ "i fu*ks wit money too"

the apparent education level of america could be one issue as to why we are broke
 07-25-2011, 09:20 PMaway - #6
realkilla3  space
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$1,561 | 5256496
Damn what is our nation coming to?
 07-25-2011, 09:23 PMonline - #7
twizzytwo22 5 heat pts space
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sh*t just got real
 07-25-2011, 09:25 PMaway - #8
kennboy1 29 heat pts29 space
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Originally Posted by Renn Raglan
o. dam. dats not coo. i fu*ks wit money too...

shout out 2 all my real n*ggaz gettin' dat cash....

i got racks on racks on my racks o my racks so i ain't even trippin' off dis sh*t

I don't think all those racks you have are gonna mean anything after the dollar goes down
 07-25-2011, 09:29 PMonline - #9
twizzytwo22 5 heat pts space
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Originally Posted by kennboy1
I don't think all those racks you have are gonna mean anything after the dollar goes down
right
 07-25-2011, 09:31 PMaway - #10
KURUPTION!!! 493 heat pts493 space
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Originally Posted by barack obama
In his seventh prime time televised address, Obama sought to increase pressure for congressional leaders to reach a deal that would allow the government to continue borrowing money pay its debts after August 2.
Not a good look.
 07-25-2011, 09:31 PMaway - #11
supervillain 203 heat pts203 space
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Originally Posted by Mr AirRic
lol @ "i fu*ks wit money too"

the apparent education level of america could be one issue as to why we are broke
 07-25-2011, 09:34 PMaway - #12
neworleansavior 1 heat pts space
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$2,174 | 10495646
fu*k MONEY......................... WHO GOT THE MOST GUNS?????????????? THIS IS NOT ANYTHING TO WORRY ABOUT. EVERY WEEK ITS A NEW STORY fu*k IT ALL.

Last edited by neworleansavior; 07-25-2011 at 09:38 PM..
 07-25-2011, 09:47 PMonline - #13
rek0nize 52 heat pts52 space
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Republicans being ignorant like always trying to protect the wealthy thus going to cause millions of old people to not get their social security checks.
 07-25-2011, 09:51 PMonline - #14
Cambury 26 heat pts26 space
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Originally Posted by rek0nize
Republicans being ignorant like always trying to protect the wealthy thus going to cause millions of old people to not get their social security checks.
ur a real idiot
 07-25-2011, 09:53 PMaway - #15
noshirtforyou 3 heat pts space
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 07-25-2011, 09:55 PMaway - #16
tpoker 1 heat pts space
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$3,318 | 10686731
republicans democrats its the same sh*t. they all work 4 the us corporation. they gearin up 4 this information age that we enterin. notice this generation shares everything. much unlike generations b4 us.
 07-25-2011, 09:58 PMaway - #17
juny 26 heat pts26 space
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Legalize it already
 07-25-2011, 10:01 PMonline - #18
rek0nize 52 heat pts52 space
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Originally Posted by Cambury
ur a real idiot
Actually you're, you should try figuring out what is going on for a change. It will help broaden your knowledge.

If you realized that republicans want to cut the money away from Education and Medi-care while protecting the rich people then you would know what's going on.


When Warren Buffet goes on television and flat says its pretty bad when my low waged secretary gets taxed a higher percentage than me then you would know whats going on.



Learn the USA's politics before commenting again, thank you.
 07-25-2011, 10:04 PMaway - #19
antdamanmos  space
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Legalize it!!!
 07-25-2011, 10:17 PMonline - #20
rek0nize 52 heat pts52 space
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Originally Posted by antdamanmos
Legalize it!!!
We are talking about trillions now so that won't even put a tiny dent in the national debt.

It could very well help a deep in the red state such as California though.
 

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