Obama Admin Says The Sky’s The Limit On Increasing Our National Debt
“We’ll raise it”
Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 trillion current legal limit on the federal government’s debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it.”
They no longer pretend that the national debt is something they have any intentions of reducing.
That would set the debt limit at $18.794 trillion
During a Capitol Hill press conference on Wednesday, CNSNews.com asked: “Senator Reid, the Treasury Department said last week that we will hit the debt ceiling again near the end of the year. Are you prepared—will you support—”
“I think the debt ceiling will come after the first of the year,” Reid said. “But please everyone accept this: They tried it before—they, the Republicans.”
“They tried it before – ‘We’re going to shut down the government, and we’re not going to raise the debt ceiling,’” he said. “If they want to go through that again, fine.”
“But we’re not going to be held subject to something that was done as a matter of fact in all previous administrations,” Reid said.
CNSNews.com then asked, “But will you support raising it by another $2.4 trillion?” “If it has to be raised, we’ll raise it,” he said.
On Aug. 2, 2011, Congress and President Barack Obama reached a deal to raise the debt ceiling by $2.4 trillion. Now, after only 15 months, almost all of that additional borrowing authority has been exhausted, according to the U.S. Treasury Department.
CNSNews.com reported that Treasury quietly announced a week ago that it expects the federal government to hit its legal debt limit before the end of this year.
“Treasury continues to expect the debt limit to be reached near the end of 2012,” said the 10th paragraph of the “Quarterly Refunding Statement” put out by Assistant Secretary of the Treasury for Financial Markets Matthew Rutherford.
“However, Treasury has the authority to take certain extraordinary measures to give Congress more time to act to ensure we are able to meet the legal obligations of the United States of America,” the statement said. source- CNS News
| Print article | This entry was posted by NTEB News Desk on November 8, 2012 at 8:15 pm, and is filed under Federal Reserve, National Debt, Obama, Washington. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
Harry Reid Discusses ‘Anti-Gun Legislation’ On Senate Floor
about 1 month ago - 44 comments
Harry, just for the record, how do you have a “slip of the tongue” when you are reading it from prepared remarks and you actually repeat the phrase “anti-gun legislation” two times.
PORK PARTY! Obama Crams Hurricane Sandy Aid Bill With Wasteful Unrelated Spending
about 5 months ago - 12 comments
President Obama’s $60.4 billion request for Hurricane Sandy relief has morphed into a huge Christmas stocking of goodies for federal agencies and even the state of Alaska
Obama Quietly Funnels BILLIONS To UN For ‘Global Warming’
about 5 months ago - 12 comments
Three years ago, President Obama helped create a United Nations Global Warming Green Slush Fund that would redistribute over $100 billion from developed countries to developing countries.
1932 GERMANY! Obama Quietly Releases Memo Designed To Silence His Critics
about 5 months ago - 19 comments
President Barack Obama released a memo laying out guidelines for executive agencies to establish “effective insider threat programs.”
US President Barack Obama Behind Morsi’s Power Grab In Egypt
about 5 months ago - 27 comments
Obama and the Muslim Brotherhood have created exactly what the Scriptures said would be created in the last days – a Muslim Confederacy whose sole purpose would be to attack and destroy God’s Holy Land of Israel.
Obama Fires 20,000 Marines, Promises BILLIONS To Muslim ‘Green’ Groups
about 5 months ago - 9 comments
Case in point: the Commander-in-Chief has decided to fire 20,000 of our U.S. Marines.
Obama White House Petitions Hit All 50 States As Secession Movement Explodes
about 6 months ago - 17 comments
By 6:00 a.m. EST Wednesday, more than 675,000 digital signatures appeared on 69 separate secession petitions covering all 50 states, according to a Daily Caller analysis of requests lodged with the White House’s “We the People” online petition system.
Obama Is The King God Has Given To Reign Over America In The Last Days
about 6 months ago - 131 comments
Barack Hussein Obama is God’s judgment on America for our sins, and it is a judgment from which I don’t think we shall ever recover.
Stocks Plummet As America Wakes Up To The Hopelessness Of Obama’s Re-election
about 6 months ago - 13 comments
Stocks took a sharp nosedive across the board Wednesday in the wake of President Barack Obama’s re-election, triggered by worries over the looming “fiscal cliff” and as fears over Europe’s economy reemerged.
Obama And Democrats On Verge Of Historic Collapse Come Tuesday
about 6 months ago - 7 comments
The inability of House Democrats to pick off a good number of seats from one of the most unpopular House majorities in modern history will cause a lot of soul-searching in the party come Wednesday.
about 6 months ago
There’s never been a limit
about 6 months ago
This man is an idiot. All these political hacks are. Would love to see their faces when they kneel before God. This people spit in the face of Him but yet accept the evil of Islam. All of their lying will not get them out of the judgement that they have sealed for themselves. All of them, if I had my way, would be tried for treason and put in prison for the rest of their pathetic lives. All of them have supported the decline of this great country and have supported the things that will have dire consequences on this nation.
about 6 months ago
I DO NOT LIKE THIS!!! May our Republican Leaders, Lead, and not follow, like Demmi’s.
Brothers, Sisters, you will not like the place this ‘Spend Attitude’ is taking us. The ‘Choice’ is yours, and mine. Demand Sanity, especially in Spending.
about 6 months ago
@end time – yes, there are legal limits, and it takes an act of the Congress to raise them…
about 6 months ago
Chris: they won’t get the chance to kneel before God; His judgement is that swift! He cannot stand in the presence of such evil! FOX is reporting this morning that Russia pressured Obama Tues. night after the election results were in, to remember his pledge to Putin to remove all the missiles pointed at Russia (remember the conversation caught on the live mic?). If Obama doesn’t keep his end of the bargain, Russia will restore their missiles. Since we don’t have the money to replace the weapons O. has already removed from Europe, we are wide open. Not only are we heading toward bankruptcy, we are heading over the fiscal cliff. Every family in America can expect to pay $3500 MORE in taxes this year, America will no longer be able to defend herself, businesses cannot afford to hire new employees and are laying off existing employees, doctors are refusing Medicare patients because Obama cut their payments by 30%. WELCOME to Obama’s America! In four years our debt will be $20 trillion. China will own us! We have NO HOPE of ever paying it off! Even so, come quickly, Lord Jesus!
about 6 months ago
Harry Reid should resign. The way he takes for granted the $16trillion+ national debt, is despicable. I’m a grandfaher and I abhor this administration’s move to give additional burden on my children and my grandchildren to pay for their lavish, wasteful, unnecessary spending. These Democrats are living in another parallel universe.
about 6 months ago
Reid needs a mental evaulation. Reid and Jackson could share a room. The people can demand all they want, it does no good when the fox is in charge!
about 6 months ago
Our family considers debt as modern day slavery. So we shun and avoid it, by the grace of God. We have a much lower standard of living, just skirting above the poverty level. We don’t mind. We are free. Free and clear.
about 6 months ago
Until THE DAY OF “THE RAPTURE” OF “THE CHURCH”; when Joel Osteen’s forty three (43) million dollars for “taking ETES AND EARS OFF OF GOD and on to the world – which GOD SAID HE WAS GOING TO ALLOW – will be good for toilet paper when he and his followers will require to have the mark, name, or number of the beast to buy and sell (FOR CHRIST JESUS SAID, Where your treasure is that’s where your heart will be also; and, He who leads into captivity will go into captivity); every penny every politician makes – pay, government provided expense accounts, government provided credit cards, government provided gasoline cards, government provided… – should go into the budget.
Tax payers pay for every penny they make and spend anyway.
IT HAS BEEN PROPHESIED that Israel is going to make a seven (7) year Peace Agreement with the anti-CHRIST; and after three and one half years (3 1/2) will break the Agreement.
GOD “ONLY” KNOWS IF CHRIST JESUS WILL “RAPTURE” HIS “CHURCH” – souls which HAVE BEEN SAVED THROUGH AND IN CHRIST JESUS – BEFORE the seven (7) year Peace Agreement, OR AFTER the anti-CHRIST breaks the Agreement.
If you haven’t done so already, REPENT “BEFORE” THE “RAPTURE”: if you choose not to, I Highly Suggest that you don’t take the mark, name, or number of the beast in your right hand or forehead.
about 6 months ago
Jesus Christ is My president, nobody else. Doesn’t Obama and everyone else know who he has been set up to be?
Christ +Jeremiah 45 + Ezekiel 20:29 + Babylon + Nebuchadnezzar + Osama+ Mohammed= Spirit of all these Resurrected into Obama in Revelations 13 + Daniel 7,8 + New York and NJ as physical Babylon in Rev. 17,18= Daniel 9 to 12 + Joel + Malachi + Jude + Jeremiah 45 to 51 = Rev 14 to 21
Obama has been set up! He was tricked into believing that if you spend and exploit millions of American’s money, conscience, health and wealth to show that you support the following, you too can be president. Gays, greed of banks and elite, anti-Christian nations countries and religions, illegal aliens, terrorists, self proclaimed Christians, enforcing all to believe with the power of your faith to be accepting of fear of idolatry of faith in disease, death, scientists, doctors and hospitals having more knowledge and power over the Power of Jesus Christ’s Blood and Spirit that is in and around us All. Now look what you are president of, King of Babylon. Before destruction, comes pride and great shall be its fall says the Lord your God, in Jesus Christ’s name. LET GOD’S WILL BE DONE AMEN!
about 6 months ago
Bank of America and other banks greed and exploits of peoples wages are finished, same with governments and gas and tax price manipulation. Pull your money out NOW and stop voting for these things to govern you as slaves!
Cyberattacks on Banks and Governments are God’s Judgement via solar flares, not terrorists. This is God taking care of the terrorists banks, govs and nations against American Christians. https://www.facebook.com/notes/zion-omega/it-is-done-god-and-jesus-is-alive-in-all/531930000155637
God plus Jesus, plus solar flares, protecting, His Children. Everyone wants to blame others or take credit for what God is doing to banks greed, exploitation of peoples wages and affliction against His Children. This is what’s up. God and Jesus added to the Sun’s energy, substance, power and light which is added to our atmosphere, light, air, water, earth and beings, to perform His will and judgment. Solar Flares, CME’s and sunlight, sun’s energy, radiation and substance added to Water, air, and food with God, His word, His Son, His Son’s Blood and Holy spirit, truth, purity and righteousness, is coming for Bank of America and all that exists in the universe, Earth , All heavens and beyond, Past present and future, Eternally and NO-ONE can remove Him from there in the name of Jesus Christ, Amen!
Solar Flares and CME’s Plus God, Jesus and the Holy Spirit in the Light and energy of the Sun is upon the wage earner exploiters of Bank Of America and other banks as the Lord being a swift witness against them and those who support them, as well as All others for a blessing or curse, to each his own reward for what they have done to others and continue doing so without repentance when asked to.
Matthew 3:11
I indeed baptize you with water unto repentance, but He who is coming after me is mightier than I, whose sandals I am not worthy to carry. He will baptize you with the Holy Spirit and fire.
The Reign and Indignation of God
Isaiah 66:14 When you see this, your heart shall rejoice, And your bones shall flourish like grass; The hand of the Lord shall be known to His servants, And His indignation to His enemies.
15 For behold, the Lord will come with fire And with His chariots, like a whirlwind, To render His anger with fury, And His rebuke with flames of fire.
16 For by fire and by His sword The Lord will judge all flesh; And the slain of the Lord shall be many.
17 “Those who sanctify themselves and purify themselves, To go to the gardens
After an idol in the midst, Eating swine’s flesh and the abomination and the mouse,
Shall be consumed together,” says the Lord.
Psalm 21:9
You shall make them as a fiery oven in the time of Your anger; The LORD shall swallow them up in His wrath, And the fire shall devour them.
Psalm 89:46
How long, LORD? Will You hide Yourself forever? Will Your wrath burn like fire?
Isaiah 9:19
Through the wrath of the LORD of hosts The land is burned up, And the people shall be as fuel for the fire; No man shall spare his brother.
Ezekiel 21:31
I will pour out My indignation on you; I will blow against you with the fire of My wrath, And deliver you into the hands of brutal men who are skillful to destroy.
Ezekiel 22:21
Yes, I will gather you and blow on you with the fire of My wrath, and you shall be melted in its midst.
Ezekiel 22:31
Therefore I have poured out My indignation on them; I have consumed them with the fire of My wrath; and I have recompensed their deeds on their own heads,” says the Lord GOD.
Ezekiel 38:19
For in My jealousy and in the fire of My wrath I have spoken: ‘Surely in that day there shall be a great earthquake in the land of Israel,
Malachi 3
The Coming Messenger
1 “Behold, I send My messenger, And he will prepare the way before Me.
And the Lord, whom you seek, Will suddenly come to His temple, Even the Messenger of the covenant, In whom you delight. Behold, He is coming,”
Says the Lord of hosts.
2 “But who can endure the day of His coming? And who can stand when He appears?
For He is like a refiner’s fire And like launderers’ soap.
3 He will sit as a refiner and a purifier of silver; He will purify the sons of Levi, And purge them as gold and silver, That they may offer to the Lord An offering in righteousness.
4 “Then the offering of Judah and Jerusalem Will be pleasant to the Lord, As in the days of old, As in former years.
5 And I will come near you for judgment; I will be a swift witness Against sorcerers, Against adulterers, Against perjurers, Against those who exploit wage earners and widows and orphans, And against those who turn away an alien— Because they do not fear Me,” Says the Lord of hosts.
6 “For I am the Lord, I do not change; Therefore you are not consumed, O sons of Jacob.
7 Yet from the days of your fathers You have gone away from My ordinances And have not kept them. Return to Me, and I will return to you,” Says the Lord of hosts. “But you said, ‘In what way shall we return?’
Do Not Rob God
8 “Will a man rob God? Yet you have robbed Me! But you say, ‘In what way have we robbed You?’ In tithes and offerings.
9 You are cursed with a curse, For you have robbed Me, Even this whole nation.
10 Bring all the tithes into the storehouse, That there may be food in My house, And try Me now in this,” Says the Lord of hosts, “If I will not open for you the windows of heaven And pour out for you such blessing That there will not be room enough to receive it.
11 “And I will rebuke the devourer for your sakes, So that he will not destroy the fruit of your ground, Nor shall the vine fail to bear fruit for you in the field,” Says the Lord of hosts;
12 “And all nations will call you blessed, For you will be a delightful land,” Says the Lord of hosts.
The People Complain Harshly
13 “Your words have been harsh against Me,” Says the Lord, “Yet you say, ‘What have we spoken against You?’
14 You have said, ‘It is useless to serve God; What profit is it that we have kept His ordinance, And that we have walked as mourners Before the Lord of hosts?
15 So now we call the proud blessed, For those who do wickedness are raised up;
They even tempt God and go free.’”
A Book of Remembrance
16 Then those who feared the Lord spoke to one another, And the Lord listened and heard them; So a book of remembrance was written before Him For those who fear the Lord And who meditate on His name.
17 “They shall be Mine,” says the Lord of hosts, “On the day that I make them My jewels. And I will spare them As a man spares his own son who serves him.”
18 Then you shall again discern Between the righteous and the wicked, Between one who serves God And one who does not serve Him.
Malachi 4
The Great Day of God
1 “For behold, the day is coming, Burning like an oven, And all the proud, yes, all who do wickedly will be stubble. And the day which is coming shall burn them up,” Says the Lord of hosts, “That will leave them neither root nor branch.
2 But to you who fear My name The Sun of Righteousness shall arise With healing in His wings; And you shall go out And grow fat like stall-fed calves.
3 You shall trample the wicked, For they shall be ashes under the soles of your feet On the day that I do this,” Says the Lord of hosts.
4 “Remember the Law of Moses, My servant, Which I commanded him in Horeb for all Israel, With the statutes and judgments.
5 Behold, I will send you Elijah the prophet Before the coming of the great and dreadful day of the Lord.
6 And he will turn The hearts of the fathers to the children, And the hearts of the children to their fathers, Lest I come and strike the earth with a curse.”
about 6 months ago
Jude 1 (NKJV)
Greeting to the Called
1 Jude, a bondservant of Jesus Christ, and brother of James,
To those who are called, sanctified by God the Father, and preserved in Jesus Christ:
2 Mercy, peace, and love be multiplied to you.
Contend for the Faith
3 Beloved, while I was very diligent to write to you concerning our common salvation, I found it necessary to write to you exhorting you to contend earnestly for the faith which was once for all delivered to the saints. 4 For certain men have crept in unnoticed, who long ago were marked out for this condemnation, ungodly men, who turn the grace of our God into lewdness and deny the only Lord God and our Lord Jesus Christ.
Old and New Apostates
5 But I want to remind you, though you once knew this, that the Lord, having saved the people out of the land of Egypt, afterward destroyed those who did not believe. 6 And the angels who did not keep their proper domain, but left their own abode, He has reserved in everlasting chains under darkness for the judgment of the great day; 7 as Sodom and Gomorrah, and the cities around them in a similar manner to these, having given themselves over to sexual immorality and gone after strange flesh, are set forth as an example, suffering the vengeance of eternal fire.
8 Likewise also these dreamers defile the flesh, reject authority, and speak evil of dignitaries. 9 Yet Michael the archangel, in contending with the devil, when he disputed about the body of Moses, dared not bring against him a reviling accusation, but said, “The Lord rebuke you!” 10 But these speak evil of whatever they do not know; and whatever they know naturally, like brute beasts, in these things they corrupt themselves. 11 Woe to them! For they have gone in the way of Cain, have run greedily in the error of Balaam for profit, and perished in the rebellion of Korah.
Apostates Depraved and Doomed
12 These are spots in your love feasts, while they feast with you without fear, serving only themselves. They are clouds without water, carried about by the winds; late autumn trees without fruit, twice dead, pulled up by the roots; 13 raging waves of the sea, foaming up their own shame; wandering stars for whom is reserved the blackness of darkness forever.
14 Now Enoch, the seventh from Adam, prophesied about these men also, saying, “Behold, the Lord comes with ten thousands of His saints, 15 to execute judgment on all, to convict all who are ungodly among them of all their ungodly deeds which they have committed in an ungodly way, and of all the harsh things which ungodly sinners have spoken against Him.”
Apostates Predicted
16 These are grumblers, complainers, walking according to their own lusts; and they mouth great swelling words, flattering people to gain advantage. 17 But you, beloved, remember the words which were spoken before by the apostles of our Lord Jesus Christ: 18 how they told you that there would be mockers in the last time who would walk according to their own ungodly lusts. 19 These are sensual persons, who cause divisions, not having the Spirit.
Maintain Your Life with God
20 But you, beloved, building yourselves up on your most holy faith, praying in the Holy Spirit, 21 keep yourselves in the love of God, looking for the mercy of our Lord Jesus Christ unto eternal life.
22 And on some have compassion, making a distinction; 23 but others save with fear, pulling them out of the fire, hating even the garment defiled by the flesh.
Glory to God
24 Now to Him who is able to keep you from stumbling,
And to present you faultless
Before the presence of His glory with exceeding joy,
25 To God our Savior,
Who alone is wise, Be glory and majesty,
Dominion and power,
Both now and forever.
Amen.
1 Corinthians 6 (NKJV)
Do Not Sue the Brethren
1 Dare any of you, having a matter against another, go to law before the unrighteous, and not before the saints? 2 Do you not know that the saints will judge the world? And if the world will be judged by you, are you unworthy to judge the smallest matters? 3 Do you not know that we shall judge angels? How much more, things that pertain to this life? 4 If then you have judgments concerning things pertaining to this life, do you appoint those who are least esteemed by the church to judge? 5 I say this to your shame. Is it so, that there is not a wise man among you, not even one, who will be able to judge between his brethren? 6 But brother goes to law against brother, and that before unbelievers!
7 Now therefore, it is already an utter failure for you that you go to law against one another. Why do you not rather accept wrong? Why do you not rather let yourselves be cheated? 8 No, you yourselves do wrong and cheat, and you do these things to your brethren! 9 Do you not know that the unrighteous will not inherit the kingdom of God? Do not be deceived. Neither fornicators, nor idolaters, nor adulterers, nor homosexuals, nor sodomites, 10 nor thieves, nor covetous, nor drunkards, nor revilers, nor extortioners will inherit the kingdom of God. 11 And such were some of you. But you were washed, but you were sanctified, but you were justified in the name of the Lord Jesus and by the Spirit of our God.
Glorify God in Body and Spirit
12 All things are lawful for me, but all things are not helpful. All things are lawful for me, but I will not be brought under the power of any. 13 Foods for the stomach and the stomach for foods, but God will destroy both it and them. Now the body is not for sexual immorality but for the Lord, and the Lord for the body. 14 And God both raised up the Lord and will also raise us up by His power.
15 Do you not know that your bodies are members of Christ? Shall I then take the members of Christ and make them members of a harlot? Certainly not! 16 Or do you not know that he who is joined to a harlot is one body with her? For “the two,” He says, “shall become one flesh.”: 17 But he who is joined to the Lord is one spirit with Him.
18 Flee sexual immorality. Every sin that a man does is outside the body, but he who commits sexual immorality sins against his own body. 19 Or do you not know that your body is the temple of the Holy Spirit who is in you, whom you have from God, and you are not your own? 20 For you were bought at a price; therefore glorify God in your body and in your spirit, which are God’s.