Obama agrees to negotiate with Congress

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Barack Obama is backing away from his prior refusal to seek a compromise with Congress, indicating he will meet with lawmakers Thursday in an effort to end the ongoing federal government shutdown.

House Republicans, who have received the brunt of Obama’s vitriol throughout the stalemate, are invited to meet with the president to discuss funding and reopening the government. This decision stands in contrast to his repeated insistence he will accept nothing less than a “clean” spending bill — one that does not target the increasingly contentious ObamaCare law.

This move, which came around the same time as polling results showed his approval rating at a dismal 37 percent, indicates that Obama might be ready to concede at least some of the GOP’s points. That assumption might be overly optimistic, however, given his supreme reticence to acquiesce.

In actuality, Obama is likely focused on his demand for another debt limit increase. With a deadline fast approaching, he cannot afford to be saddled with a shutdown while making the case for giving the government even more money.

No matter the intention, his invitation to all House Republicans could have resulted in congressional conservatives making the case for fiscal sanity. Unfortunately, House Speaker John Boehner stymied that possibility by disinviting the very Tea Party-backed representatives who have rallied against ObamaCare.

Boehner wants only “elected leaders” and “certain committee chairmen” at the meeting, a group that includes plenty of establishment Republicans but few strong conservative voices.

There seems to be little real chance this negotiation will result in anything about which conservatives will celebrate. Still, the mere fact a few strong-willed lawmakers could prompt Obama’s about-face regarding the meeting is a positive sign.

With more principled leaders willing to stand their ground, America could once again escape from the clutches of tyranny. This message needs to resonate with every conservative voter as the 2014 midterm elections draw near.

Obama agrees to negotiate with Congress.

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Michelle Bachmann: Obama ‘Committed Impeachable Offenses,’

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Speaking with conservative talk show host Rusty Humphries on a conference call sponsored by TheTeaParty.net yesterday, Rep. Michele Bachmann of Minnesota suggested that the House hold hearings on impeaching the president. Bachmann said that “impeachment is the stain” on the presidency and “We can have an impeachment hearing in the House and in my mind the President has committed impeachable offenses.”

“With Harry Reid in charge of the Senate, unless there is some miracle that happens,” Bachmann lamented, “Harry Reid is not going to remove Obama from office.”

The Minnesota congresswoman, who recently said that Obama is aiding Al Qaeda and plunged the world into the End Times, told Tea Party activists that we “could be on the cusp of seeing some civil disobedience” similar to what happened in Egypt because “people aren’t going to take this thuggery of this President much longer.”

“We see thuggery going on in the White House, we’re not going to take it, we’ve drawn a line in the sand,” Bachmann maintained, adding that Obama needs to know that he is “not a dictator.”

Speaking with conservative talk show host Rusty Humphries on a conference call sponsored by TheTeaParty.net yesterday, Rep. Michele Bachmann of Minnesota suggested that the House hold hearings on impeaching the president. Bachmann said that “impeachment is the stain” on the presidency and “We can have an impeachment hearing in the House and in my mind the President has committed impeachable offenses.”

“With Harry Reid in charge of the Senate, unless there is some miracle that happens,” Bachmann lamented, “Harry Reid is not going to remove Obama from office.”

The Minnesota congresswoman, who recently said that Obama is aiding Al Qaeda and plunged the world into the End Times, told Tea Party activists that we “could be on the cusp of seeing some civil disobedience” similar to what happened in Egypt because “people aren’t going to take this thuggery of this President much longer.”

“We see thuggery going on in the White House, we’re not going to take it, we’ve drawn a line in the sand,” Bachmann maintained, adding that Obama needs to know that he is “not a dictator.”

– See more at: http://www.rightwingwatch.org/content/bachmann-obama-committed-impeachable-offenses-wants-be-dictator#sthash.PPSVywqk.dpuf

Bachmann: Obama ‘Committed Impeachable Offenses,’ Wants To Be A Dictator | Right Wing Watch.

Moody’s offers different view on debt limit & Default

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Debunking another Obama scare tactic: “” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.”

One of the nation’s top credit-rating agencies says that the U.S. Treasury Department is likely to continue paying interest on the government’s debt even if Congress fails to lift the limit on borrowing next week, preserving the nation’s sterling AAA credit rating.

 

In a memo being circulated on Capitol Hill Wednesday, Moody’s Investors Service offers “answers to frequently asked questions” about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.

 

Not so, Moody’s says in the memo dated Oct. 7.

 

” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.

 

The memo offers a starkly different view of the consequences of congressional inaction on the debt limit than is held by the White House, many policymakers and other financial analysts. During a press conference at the White House Tuesday, Obama said missing the Oct. 17 deadline would invite “economic chaos.”

 

The Moody’s memo goes on to argue that the situation is actually much less serious than in 2011, when the nation last faced a pitched battle over the debt limit.

 

“The budget deficit was considerably larger in 2011 than it is currently, so the magnitude of the necessary spending cuts needed after 17 October is lower now than it was then,” the memo says.

Treasury Department officials did not immediately respond to requests for comment

Live updates: The shutdown.

White House, IRS exchanged confidential taxpayer info

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Top Internal Revenue Service Obamacare official Sarah Hall Ingram discussed confidential taxpayer information with senior Obama White House officials, according to 2012 emails obtained by the House Oversight and Government Reform Committee and provided to The Daily Caller.

Lois Lerner, then head of the IRS Tax Exempt Organizations division, also received an email alongside White House officials that contained confidential information.

Ingram attempted to counsel the White House on a lawsuit from religious organizations opposing Obamacare’s contraception mandate. Email exchanges involving Ingram and White House officials — including White House health policy advisor Ellen Montz and deputy assistant to the president for health policy Jeanne Lambrew — contained confidential taxpayer information, according to Oversight.

The emails provided to Oversight investigators by the IRS had numerous redactions with the signifier “6103.”

Section 6103 of the Internal Revenue Code forbids a federal employee from “disclos[ing] any return or return information obtained by him in any manner in connection with his service as such an officer or an employee.”

Federal employees who illegally disclose confidential taxpayer information could face five years in prison.

“Thanks, David. Thanks for the information on [6103],” White House official Lambrew wrote to IRS official David Fish in a July 20, 2012 exchange. “I am still hoping to understand whether the 50 percent rule is moot if the organization does not offer goods and services for sale to the general public. Do we assume that organizations like [6103] do offer goods and services for sale?”

Read more:

White House, IRS exchanged confidential taxpayer info | The Daily Caller.