U.S. Debt Compromise Pressure Intensifies

[blonde_minx]

The Obama administration signaled it may accept a short-term increase in the U.S. debt limit only if it is combined with a major agreement to cut the deficit.

President Barack Obama “must have a firm commitment to something big” on cutting the deficit before he would sign a short-term rise in the debt ceiling to allow time for the plan to be enacted, White House spokesman Jay Carney told reporters. The president plans to meet with top congressional Democrats today as the Aug. 2 deadline for raising the $14.3 trillion debt limit nears.

While the deadline is “real and fast,” Carney said, “there is still time to do something significant if all parties are willing to compromise.”

Obama will meet at 2:50 p.m. Washington time with Senate Majority Leader Harry Reid, second-ranking Senate Democrat **** Durbin, House Minority Leader Nancy Pelosi and second-ranking House Democrat Steny Hoyer. Obama also will meet at 5 p.m. today with House Speaker John Boehner and Majority Leader Eric Cantor after talking yesterday with Boehner and Senate Republican leader Mitch McConnell, Carney said.

Senator Tom Coburn, an Oklahoma Republican who helped negotiate a bipartisan proposal for a $3.7 trillion deficit- cutting plan, said today he wants Congress to “go all-out” to solve the problem of cutting spending and raising the debt limit.

im thinking could this be anything to do with the RV Any thoughts

http://www.bloomberg.com/news/2011-07-20/debt-compromise-pressure-intensifies-in-congress-as-obama-resumes-talks.html

Edited July 20, 2011 by blonde_minx

[cisole]

thanks for the post blonde_minx

[the next contestant]

It is my understanding that this sort of thing happened before and we were bailed out by the Kuwati Dinar RV. Can anyone shed some light on that? If this is true then we know the cat is pretty much in the bag.... Dang, for all you Okie haters out there this means he will eventually be right. Lol, sorry I could not help myself.

Peace all

[toby777]

thanks for the post great god bless you and the good pld u.s.a

[PartyTime]

If the RV would cover their debt, and IF they intended to use the dinar they hold to pay the debt, then why would they need to increase anything? With all this dinar they hold they can pay for everything over above the limit they exceeded without any need of needing to raise the current debt limit. So if they are wanting to raise the debt limit then that would indicate they have no intention of using this dinar they hold for paying off anything.

They hold trillions in dinar that with triple in value upon the RV and only need two trillion to raise the debt limit. So what's the problem? $2 trillion of the dinar they have would be a drop in the bucket. So they should be telling the fed to go pound sand because they won't be defaulting on any debt and may even just pay the thing off!

Of course they will never think of doing this because they want that money for themselves. So keep on spending boys! The sky is the limit and the fed will just print paper out of thin air! We're really close to total destruction of the Nation so lets not slow it down now! We've waited over a 100 years to get to this point so lets finish the final phase and get this sucker done!

[Gasketman]

It is my understanding that this sort of thing happened before and we were bailed out by the Kuwati Dinar RV. Can anyone shed some light on that? If this is true then we know the cat is pretty much in the bag.... Dang, for all you Okie haters out there this means he will eventually be right. Lol, sorry I could not help myself.

Peace all

Just look at the Deficit before George Bush Senior Took Office and when Clinton took office. Clinton got all the credit for balancing the budget, but where do you think the money came from KUWAITs RV

If the RV would cover their debt, and IF they intended to use the dinar they hold to pay the debt, then why would they need to increase anything? With all this dinar they hold they can pay for everything over above the limit they exceeded without any need of needing to raise the current debt limit. So if they are wanting to raise the debt limit then that would indicate they have no intention of using this dinar they hold for paying off anything.

They hold trillions in dinar that with triple in value upon the RV and only need two trillion to raise the debt limit. So what's the problem? $2 trillion of the dinar they have would be a drop in the bucket. So they should be telling the fed to go pound sand because they won't be defaulting on any debt and may even just pay the thing off!

Of course they will never think of doing this because they want that money for themselves. So keep on spending boys! The sky is the limit and the fed will just print paper out of thin air! We're really close to total destruction of the Nation so lets not slow it down now! We've waited over a 100 years to get to this point so lets finish the final phase and get this sucker done!

They could probably pay off the deficit with the Taxes we are going to pay on the Dinar, and never touch whats in the Treasury!