Obama promises Democrats no debt limit fight

[PoliticAverse]

Source: CBS News

As Congress approaches a set of fiscal deadlines, President Obama on Wednesday personally assured House and Senate Democrats that he will not negotiate over the debt limit.

"We have got to stop lurching from crisis to crisis, in his words and our words," Sen. Patty Murray, D-Wash., the chairwoman of the Senate Budget Committee, said with respect to the debt limit after the Senate Democrats met with the president.

"The president didn't beat around the bush on anything," Senate Majority Leader Harry Reid, D-Nev., said, adding that Democrats are united focusing all their energy on job creation.

The White House has said repeatedly that Congress must extend the nation's borrowing authority when the Treasury Department hits the current debt limit this fall, or risk letting the nation default on its loans. Along with extending the debt limit, Congress must also come together this fall to extend funding for federal operations or let the government shut down. Democrats and Republicans on Capitol Hill will quickly be confronted by both fiscal deadlines in September, after they return from their month-long August recess.

Read more: http://www.cbsnews.com/8301-250_162-57596357/obama-promises-democrats-no-debt-limit-fight/

[kestrel91316]

1. "Will not negotiate over the debt limit" better not turn out to mean he just caves on THAT, too.

[Myrina]

5. Of course that's what it means ...

Silly, don't you know by now that what comes out of his mouth is always a direct indicator of the OPPOSITE of what he intends to do?

[Fantastic Anarchist]

6. Was thinking the same thing, too.

That title can be taken one of two ways.

[AnotherMcIntosh]

2. Ultimately, the deal will be that he will appoint Larry Summers (R) to the Fed, sign the TPP, and

sweeten his proposed cuts to Social Security beyond the chained CPI.

How much better can he make it?

[lark]

7. His staff is negotating with Repugs right now to lower the tax rate on corporations.

That's also what we can expect, just another stab in the back, another loss handed to the American working class in favor of the ruling class.

[Ash_F]

11. He can promise to endorse the Republican ticket in 2016 /nt

[The Magistrate]

3. This Better Mean 'Fight Like A Wildcat', Sir

"I will fight the secesh till Hell freezes over, then fight on the ice."

[DJ13]

4. After the last 5 years I'm not sure that will scare the GOP

[forestpath]

8. And Obama ALWAYS keeps his promises.

[Kingofalldems]

9. Kick and Rec

[DCBob]

10. The problem is the House Repubs can make it crisis no matter what the President does.

I hope he has a plan B if they refuse to back down.

[PSPS]

12. Knowing Obama, "no debt limit fight" = total capitulation. Again.

[Owl]

13. How is this supposed to work?

[PoliticAverse]

14. You've never played chicken ? n/t

[blkmusclmachine]

15. That means he's gonna fold like a cheap, empty suit?

No change.