Obama seeks new unilateral — and permanent — power to raise debt limit…

In the maiden bargaining session, Geithner, the president’s lead negotiator, proposed raising tax revenues by $1.6 trillion, congressional aides confirmed. That figure is in line with what Obama has said is necessary to achieve long-term deficit reduction of $4 trillion over 10 years.

The administration also sought at least $50 billion in new economic stimulus spending.

Obama’s negotiators also sought the ability to raise the nation’s borrowing limit unilaterally. Currently, Congress must approve an increase in the debt ceiling, and it was an impasse over that issue that brought the country perilously close to default in 2011.


Barack Obama will take a $4 million vacation in hawaii while nation goes off fiscal cliss, hope n' change, stilton jarlsberg, obama jokes

America is teetering at the brink of the “fiscal cliff” – a financial catastrophe that will plunge the nation back into longlasting recession unless bold, decisive, nonpartisan action is taken by Barack Hussein Obama. Which is why the president has announced, in no uncertain terms, that he’s going to be enjoying another luxury vacation in Hawaii when our economy goes “Forward” into the abyss.
Much to the delight of any “Choom Gang” members who are out of prison and eager for a reunion, Barry will be in Oahu for three full weeks of high-level pakalolo smoking, intensive golf sessions, and laughing at the poor bastards on the mainland who’ll be receiving year-end Obamacare pink slips instead of Christmas bonuses.

UPDATE: TRUE HAWAII TRIVIA  King Barry will be vacationing in the shadow of the Nuuanu Pali Lookout (seen below), where Hawaii’s King Kamehameha finally defeated his political enemies by forcing them over a precipitous cliff. Coincidence? We think not…


DEM REP: Amend Constitution To Allow Control Of Speech…

French Socialist: We’re Just Doing What Obama Does…


REPORT: NKorea Has Found a Secret Unicorn Lair…

“Archaeologists of the History Institute of the DPRK Academy of Social Sciences have recently reconfirmed a lair of the unicorn rode by King Tongmyong, founder of the Koguryo Kingdom,” reports the — wait. Stop. UNICORNS?


Leno: ‘Very Dangerous to White House If Journalists Suddenly Start Asking Real Questions’…


STUDY: American Households Hit 43-Year Low In Net Worth…

“This downbeat take on their economic situation comes at the end of a decade in which, for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers,” the Pew Report stated. “But the middle-income tier—defined in this Pew Research analysis as all adults whose annual household income is two-thirds to double the national median —is the only one that also shrunk in size.


Another solar firm goes under…

The California-based solar technology firm is liquidating, and a company that bought Twin Creeks’ assets does not intend to take over its agreement with Mississippi. The contract called for Twin Creeks to invest at least $132 million and create at least 500 jobs.


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