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“I’m not going to do that,” Obama said. “I’m not going to take money from old people and screw students,” not without some compromise on the tax-increase side.


http://www.thedailybeast.com/articles/2011/07/11/debt-crisis-deepens-as-eric-cantor-gop-propose-new-cuts.html
Obama balks at GOP proposal to save $40 billion through student-loan interest, as debt talks drag on.
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Azaan Jamal's profile photoAmyn Porbanderwala's profile photoNadeem Rajani's profile photo
15 comments
 
Kinda scary situation, hope they compromise for the sake of the American public while leaving politics aside.
 
Obama is screwing everybody while vacationing
 
When Obama took over National Debt = 9 trillion
Today National Debt = 14.5 Trillion
If that ain't screwing I don't know what is.
 
Man I thought you were smarter than making such ill formed statements... you have to ask why did the nationaal debt go up? (FYI, it was increases 17 time during the Bush era) Increased stimulus spending and bailing out companies would be the most appropriate answer. Then the question arises about how those companies and the economy as a whole got to that position.... our economy didn't go to hell in a handbasket over night, it took years. At the end of Bush's term they all were trying to push the impending financial crisis on the "next guy." Whether you agree with Obama's policies and actions, the man inherited this economy.
 
To an extent true but his out of control spending and unnecessary increase in government programs hasn't helped either. If you over tax the guys that actually work and make money to give to the people who sit at home and make them even more dependent on the system you aren't helping anybody and that is what Obama's policies are doing...Unemployment for 36 months that is crazy and no real tracking on if people who are receiving unemployment are actually trying to get jobs...That is just one example among a sea of others.
 
Out of control spending? Like the GOP backed $17 Billion increase in the military budget that will benefit the majority shareholders of defense contracting companies, who probably have enough money already to sit back and relax. All this while trying to cut Healthcare for the poor and old and funding for higher education. ... if anyone feels that's okay they need to realign their moral compass.

Taxes are the price we pay for civilization. 
 
Not true...Taxes are the price we pay for putting people into power who have no clue on how to run a business or an economy...What track record does Obama have that makes any of us think that he has any money sense...the guy couldn't run a convenience store to profitability let alone the country that is the backbone of the world economy...He is a powerful speaker (I will give him that) but he is like the majority of politicians ALL TALK and NO WALK.
 
He is a socialist trying to disguise himself as a capitalist.
 
I hate Fox News but as Dennis Miller quoted in a great stand up once "If you are 20 and not a liberal you don't have a heart, and if you are 30 and not a republican you don't have a brain" LOL...The original quote was by Winston Churchill
 
i love that quote and completely agree... but since when did you become "old" ?? lol
 
That is why I edited to the original which has actual ages...Haha
 
lol modified something to suit your stance... look at you already becoming a republican! i'm so proud!
 
Not really a republican or a democrat I just don't want the government taking peoples hard earned money and wasting it to fit their own agenda.
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