President Obama is refusing accept deals that would raise the federal debt ceiling because they would require him to accept cuts in wasteful green-jobs and rail boondoggles and stimulusspending: “The president has made a bipartisan agreement even more difficult by declaringcertain spending off-limits to cuts. Mr. Obama’s ‘untouchable’ list includes his $1 trillion health-care reform, $128 billion in unspent stimulus funds, education and training outlays, his $53 billion high-speed rail proposal, spending on ‘green’ jobs and student loans, and virtually any structural changes to entitlements except further squeezing payments to doctors, hospitals and health-care professionals.” If the debt ceiling is not raised, America’s credit rating may be downgraded, leading to higher interest payments on the debt in the future.

Read More: http://patriotupdate.com/9675/obama-gets-serious-on-budget-refuses-to-cut-payments-to-chinese-wind-turbines-and-dead-people