Friday, July 29, 2011

The Debt Ceiling

From Michelle Byte at GetRightOK.com:
The republicans in Congress keep talking politics as if we are still interested in it.  They have lost or are losing the party faithful. The conservative leadership, at least in OK, is sick of the politics and are not interested in the political ramifications of sticking it to the democrats/Obama because we are no longer certain that we will even have a country when the next election rolls around.  If we are playing politics and we KNOW the Senate will not pass this bill, why not make the "Boehner plan" a HUGE cutting bill?  Why not push through trillions upon trillions in cuts?  Take a chainsaw to this ridiculous federal budget.  Go big or go home.
The Boehner plan only guarantees a vote on the balanced budget amendment.  And we all know how much we can trust the guarantees of Congress...
The plan calls to reduce 1.8 trillion over 10 years, but we are increasing at a rate of 8 trillion a year, so this plan simply means that instead of increasing by 80 trillion over 10 years, we will increase just 78 trillion.
What we need are for our Republican leaders to just say "NO, we will NOT compromise." It is time to stand up for what is right, which is to live within the budget AND the bounds of the Constitution.
If you are cutting the spending that is causing us to run so close to the debt ceiling, why do you need to increase the debt ceiling?  Wouldn't it be wiser to just cut spending until it hurts?
The Republicans like to say how bad Obama's spending is, and indeed it is.  Under his administration, government has grown and spent at unprecedented levels. However, let's not forget who paved the way for him.  We overspent to a massive degree when Bush was in the White House, but I guess that was okay because he had an R next to his name.
They're saying that if nothing is done, the treasury would have to use incoming funds to pay the bills coming due, and that the money needing to go out is more than the money coming in.  I have an amazing idea.  I will put it in all caps so the idiots in Congress can read it easier:  CUT THE DIFFERENCE!!
If the president has to prioritize spending, let him be the one that decides not to pay Social Security.
I haven't posted anything on the debt ceiling yet, partly because I've been to busy with work to sit down and type something up, but also because this whole charade is sickening.

Congressional Democrats and Republicans is talking about "cuts". Well, let's get this straight: they are not talking cuts - they are still talking spending more than we take in, just to a slightly lesser degree.

$14,549,767,231,001.00

That's what the national debt was at 9:55am this morning. Congress needs to install the debt clock on the wall in the House and Senate chambers, and on every member's desk, and in their offices.

This is not a time for timid financial gimmicks. No 'pale pastels'. We need bold action. Now.

1 comments:

Anonymous said...

I am sick and tired of Obama, Biden and Reid saying "the Republican's won't compromise". Republicans have moved a long way since they sent a budget to the Senate.

It is Obama that won't compromise. I hope Republicans will let that drop dead line pass and let Obama take the heat for it.

Bobbie McAuliffe
Poteau