Obama to Congress: we're running out of time on debt

US President Barack Obama pressed lawmakers Friday to reach a deal quickly to avoid an early August debt default he described as economic "Armageddon," amid fevered congressional wrangling. News coverage of Obama's press conference.Duration: 00:48

Category:

News & Politics

Tags:

• WEB
• US
• POLITICS
• ECONOMY
• DEBT

[ChildAngyl]

@solidcambio Um...WRONG. Obama has, to date, run up more debt than EVERY PRESIDENT BEFORE HIM COMBINED. Don't give me that "90% of the debt he inherited from Bush" bull.

Bush was a problem on spending, no doubt. But if he was a problem. Obama is a certifiable NIGHTMARE.

[atozomine]

Mentemini mentimini.

All people wanted playing game inside own rule and all grew up to cunninng.

It won't release stocks and credit laise in nearly.

Cause somebody need war.

Such mean.

[jblcva]

You sound like a fraud..1st thing..The govt takes in enough

revenue monthly to avoid default. If America defaults it will

be the President's fault PERIOD..Democrats held super

majorities for 2 years. Obama's budget was so bloated

not 1 Democrat voted for it..You people who hate Tea party

and anything remotely conservative are sickening..In 06

these same Democrats voted NO to raise the debt ceiling.

I am so tired of arguing with idiots.

[wolfgangfaust]

@solidcambio - you education anyone is like tiny tony weiner lecturing schoolgirls on modesty. the top 1% pay 95% of taxes. how much more should they pay?

here is a test, Mr. O-bot? pick a number-

a) 96%

b) 97%

c) 98%

d) 99%

e) 100%

[solidcambio]

@solidcambio Let me educate you again with examples. Exxon Oil receives subsidies (govt welfare) in billions that allows them to zero out their taxes. News Corp, FOX News parent, paid zero in taxes in 2010 with offshore ownership havens. ConAgra and major agriculture corporations pay zero in taxes because they also receive offsetting govt welfare farm subsidies. The list goes on and on. In 1970 the top 1% owned less than 5% of the wealth in America. Today its 20% and growing.

[ladylordess]

@solidcambio LOL, Community College Boy thinks he is "schooling" me. You are a good comic. You obviously have no education when it comes to economics. You only post what you hear from the talking heads at msnbc. 51% pay no federal income tax, but somehow that is OK with you. The top 10% pay taxes twice when you consider that they pay corporate plus personal. The top 10% pay 70% of the federal revenue generated. How much would be enough for you, 95%? Why do you think jobs have gone overseas?

[solidcambio]

@ladylordess Let me educate you again. Top 10% pass on all their tax burdens to their workers whether they pay taxes or not via low wages and no benefits. 51% that pay no taxes pay them indirectly through sales taxes, high interest loans, state/ local taxes, and high prices that feed those who are rich. Warren Buffett pays only at a 15% tax rate. Exxon Oil and ConAgra get subsidies (govt welfare payments) to cover the taxes they pay. FOX News parent paid  paid zero taxes in 2010

[VirginiaSigh]

Awww! Poor millionaires can't afford to pay taxes on their jets! I know! Let's eliminate WIC! "Those people" shouldn't be having babies!

[tipuppy2011]

More lies from Hussein Obama public enemy number one. Threatening social security, military pay, etc. There is plenty of money for that. He wants to bankrupt this country to create a global monetary system.

[canadamonster]

congress needs to be in charge ... to give one man control of your country is madness