Obama really doesn't give a Damn about Cutting Spending....

JUST MORE evidence that Obama is really NOT interested in cutting spending and getting any kind of fiscal discipline in the place in Washington. Obama now won't consider "Cut, Cap and Balance"...If I were the Republicans I would pass it and send to him...let Harry Reid refuse to take it or Obama refuse to sign it...either way it's the Democrats that will cause any default that might happen...

Obama officially threatens to veto 'Cut, Cap and Balance'

By Sam Youngman - 07/18/11 12:37 PM ET

The White House on Monday warned President Obama will veto GOP legislation to “Cut, Cap and Balance” spending and the budget.

In a statement of administration policy, the White House Office of Management and Budget labeled the GOP bill as an “empty political statement.”

The House Rules Committee is expected to take up the measure on Monday, and it is likely to receive a floor vote on Tuesday. The measure would cut spending in Fiscal Year 2012 by $111 billion, cap future spending at 18 percent of gross domestic product and approve a balanced budget amendment to the Constitution. It would also raise the debt limit.


The administration said the measure, which is not expected to move through the Senate, is unnecessary and unrealistic.

“Neither setting arbitrary spending levels nor amending the Constitution is necessary to restore fiscal responsibility,” the White House said in its statement. “Increasing the federal debt limit, which is needed to avoid a federal government default on its obligations and a severe blow to the economy, should not be conditioned on taking these actions. Instead of pursuing an empty political statement and unrealistic policy goals, it is necessary to move beyond politics as usual and find bipartisan common ground.”

Republicans are rallying around the measure as their answer to the debt talks as negotiations between the administration and congressional leaders have stalled.

Senate GOP leader Mitch McConnell (Ky.) has offered a proposal that would grant responsibility to Obama for raising the debt ceiling, but it is unpopular with House conservatives.

The administration lambasted the "Cut, Cap and Balance" proposal as setting out “a false and unacceptable choice between the federal government defaulting on its obligations now or, alternatively, passing a Balanced Budget Amendment that, in the years ahead, will likely leave the nation unable to meet its core commitment of ensuring dignity in retirement.”

The White House also blasted some of the cuts Republicans have suggested, saying the proposal would “undercut the federal government’s ability to meet its core commitments to seniors, middle-class families and the most vulnerable, while reducing our ability to invest in our future.

“[The bill] would set unrealistic spending caps that could result in significant cuts to education, research and development and other programs critical to growing our economy and winning the future,” the SAP said. “It could also lead to severe cuts in Medicare and Social Security, which are growing to accommodate the retirement of the baby boomers, and put at risk the retirement security for tens of millions of Americans.”