"Coburn Could Block Debt Limit Increase"

[Clio the Leo]

Coburn Could Block Debt Limit Increase
November 3, 2010 by senatus

Senator Tom Coburn (R-OK) “said Wednesday that if President Obama fails to cut spending by hundreds of billions of dollars, he may block an increase in the debt limit and risk federal insolvency,” the Daily Caller reports.

“I can give you a list of $350 billion that needs to be conceded and programs that need to be eliminated,” Coburn, an Oklahoma Republican, said in an interview. “I think you’re going to see all sorts of amendments attached to that debt limit increase.”

Coburn said that if Obama opposed spending cuts attached to such a bill “we may not have a debt limit increase.”

Asked whether that would bring the federal government to the brink of default, Coburn answered in the affirmative.

“Sure, and that’s the whole point. That’s why the leverage is there to actually make the changes that need to be made for the country,” Coburn said.

http://senatus.wordpress.com/2010/11/03/coburn-could-block-debt-limit-increase/

[BeyondGeography]

1. Just wait 'til he bonds with new best friend Rand

:thumbsup:

[polichick]

5. Yep - this is what Lawrence was freaking out about last night. nt

[jaxx]

6. Yes, Lawrence laid it on the line what this would do.

The word country isn't in the rightwing vocabulary. It's all me me me me me me me me.

[craigmatic]

2. Well if they want to eliminate pork let's cut the defence budget.

[ramapo]

3. I double dare him

The country could use a good dose of Republican-induced chaos

[ProSense]

4. Let the games begin!

Games = the Republican notion of governing.

[Grown2Hate]

7. YAY! Let's send the entire planet's economy into a death spiral! Is this that

"Armageddon" thing that the right seems to feel is their destiny to bring on? Wow, the American people sure are smart to keep electing these maniacal mother fuckers... :mad:

[Occam Bandage]

8. Oh, cool, is it going to be 1995 again?

Neato.

[Marsala]

11. 1995? More like 1929

Or worse. A United States default would be unthinkable.

[Uzybone]

9. I sure hope he does it

[BootinUp]

10. Make the International Bankers day Coby

This kind of talk is so irresponsible. I am sure people will start letting him know.

[GrantDem]

12. Put the U.S. credit rating in the shitter and cause global financial meltdown...

Oh boy, I can hardly wait.