Obama: Debt Limit Agreement Has Been Reached

President Barack Obama says a deal has been reached to raise the government's debt ceiling and avoid a default. He said the deal includes more than $2 trillion in gradual spending cuts and no initial cuts to Social Security and Medicare.

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News & Politics

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• Debt
• Showdown

[IcedCoffee81]

Yep, Obama is another "war mongerer" like GWB was. Even though I didn't vote for Obama back in '08, I was still expecting more from him and really hoped that he could turn things around. BUT it turns out that he's a two-face just like GWB has been. GWB created this mess by adding 5 trillion to the debt within eight years of his stay at the White House. However, it's a shame that Obama is coming close to adding that SAME AMOUNT to the debt in just three freaking years of his presidency.

[olzt100]

@stkt1986 Hey, it's starting on two years in for the Flea Party in Congress. Tell us what have they passed to create jobs? Like Bush's tax cuts really needed help. And a trillion dollars spent on Americans is an investment in America. What's a trillion dollars spent in Iraq? An investment in Iraq? Then when R U Republicans going to start collecting taxes from Iraq, lol..

[olzt100]

@stkt1986 I think it is you and all the other Republicans that are clueless about jobs. Or like some Republicans know how gullible and foolish some Americans are. Who can Obama force Ford, HP or Stanford University to hire? No one. But you were conned into believing that lower taxes would entice employers to hire or that enough people are really that gullible to believe that. Oh, it's so old a trick to keep bringing up the oppositions name to deflect the fact your party is doing nothing.

[stkt1986]

@olzt100 Be sure to tune in to Obama's "I have no clue about jobs" speech ! More hope and change ! Only costs another Trillion dollars ! What a bargain ! You sheeple buy it up !! Haha !

[olzt100]

@stkt1986 But glad you keep trying and lying to keep up a sane conversation. But a prerequisite for engaging in a normal sane conversation is to have normal sanity, lol.

[olzt100]

@stkt1986 Bush entered office Jan. 2001, unemployment rate was 4.2 %. He inherited that from the higher tax rates of Clinton. He lowered taxes in 2001 and 2003. In June 2005, the unemployment rate was 5.0 %. There was no Democrat controlled congress at that time, two years after he past his last tax cuts. March of 2006, the unemployment rate was 4.4%. Bush had three months of 4.4% in eight years and that was the lowest. Clinton had over 22 months of 4.4% or less with a low of 3.8% in Apr. 2000

[stkt1986]

@stkt1986 I Know, I Know ! "We're The Ones We've Been Waiting For !" Hahaha !!!!!! Stupid sheeple !

[stkt1986]

@olzt100 The Unemployment rate went down under Bush's first few years, then Democrats took over Congress and it went back up and doubled. I am getting tired of embarrassing you.

[olzt100]

@stkt1986 Since the Bush job increasing tax cuts have been effect (since 2001) unemployment has went up just like you said. Bush entered the White House with an unemployment rate of 4.2% and when he left it is was 8.4% . Those were job creating tax cuts mind you. And the Republicans still say they are creating jobs. Bank of America may lay off up 30,000 people because of the tax cuts, lol. Glad you are doing well in this Republican economy. Keep you chin up! More layoffs to come from tax cuts!