DEBT CEILING RAISED, AMERICA LOSES
After weeks of politics, lies, scrambling, accusations, finger pointing, threats, broken promises, negotiations, dramatic walks away from negotiations, some from anger some for show or in other words the typical Washington scene, The House and Senate passed and Obama signed a bill raising the debt ceiling and ,"cutting," spending.
Of course the immediate borrowing of $400 billion and another $500 billion in the fall is supposedly offset by $917 billion in spending cuts. But here's the kicker, while the $900 billion borrowed is immediate the ,"cuts," are stretched out over 10 years and of course any Congress that follows the current bureaucrats are not obligated by the Constitution to enact ANY of the spending cuts which are called for in this bill.
So who are the winners and who are the losers? Politics and politicians as usual are the winners and especially those like Obama, Reid and others who spend rather than cut since the borrowing is immediate or in the very near future totaling just over $2trillion dollars which will be added to our debt.
The losers are we the people and our Nation as a whole since the debt addition comes out of our pockets while no real and meaningful cuts are made especially in the short term and future Congress' are under no legal obligation to cut a red cent called for by this Congress which has stretched out about $2 trillion dollars in spending cuts which really only amounts to shifting numbers on the books rather than real and deep cuts to attack the debt.
America loses on a second tier in this round of politics as usual since our credit rating will likely be lowered from AAA since an immediate $4 trillion dollars necessary to keep the AAA rating was not established. As a result of the continued high debt with no real solution to solve it only borrow more, Standard and Poors is sure to lower our rating.
A move that will cause interest rates to rise, prices to rise, the dollar to grow even weaker and US goods worth much less on the world market affecting the pocket book of every American. So once again we the people lose. I noticed that not ONE Congress person nor the idiot in The White House offered one penny of their salary or benefits to help the situation as with expense accounts provided by tax payer dollars the same price hikes we experience due to their stupidity will not have an affect on the Washingtonians.
The press of course to take another slap at the Tea Party movement said it was the big winner. A manufactured lie in order to pressure Tea Party Representatives into voting for this debacle in order to get it to Obama's desk to sign. Had the Tea Party truly won in this debate, cuts would have been deep and immediate with no possibility of increasing the debt or raising taxes.
As it is the bill holds open the door for future tax increases to off set supposed spending cuts which again is another loss for we the people. The Washingtonians are touting this as a great victory for the people and the country. In reality the only thing that has taken place is that another nail has been driven into the coffin of debt and the future of our country and children has been hurt further by bureaucrats who look out for one another and ignore the people they are hired to represent.
Ken Taylor
Of course the immediate borrowing of $400 billion and another $500 billion in the fall is supposedly offset by $917 billion in spending cuts. But here's the kicker, while the $900 billion borrowed is immediate the ,"cuts," are stretched out over 10 years and of course any Congress that follows the current bureaucrats are not obligated by the Constitution to enact ANY of the spending cuts which are called for in this bill.
So who are the winners and who are the losers? Politics and politicians as usual are the winners and especially those like Obama, Reid and others who spend rather than cut since the borrowing is immediate or in the very near future totaling just over $2trillion dollars which will be added to our debt.
The losers are we the people and our Nation as a whole since the debt addition comes out of our pockets while no real and meaningful cuts are made especially in the short term and future Congress' are under no legal obligation to cut a red cent called for by this Congress which has stretched out about $2 trillion dollars in spending cuts which really only amounts to shifting numbers on the books rather than real and deep cuts to attack the debt.
America loses on a second tier in this round of politics as usual since our credit rating will likely be lowered from AAA since an immediate $4 trillion dollars necessary to keep the AAA rating was not established. As a result of the continued high debt with no real solution to solve it only borrow more, Standard and Poors is sure to lower our rating.
A move that will cause interest rates to rise, prices to rise, the dollar to grow even weaker and US goods worth much less on the world market affecting the pocket book of every American. So once again we the people lose. I noticed that not ONE Congress person nor the idiot in The White House offered one penny of their salary or benefits to help the situation as with expense accounts provided by tax payer dollars the same price hikes we experience due to their stupidity will not have an affect on the Washingtonians.
The press of course to take another slap at the Tea Party movement said it was the big winner. A manufactured lie in order to pressure Tea Party Representatives into voting for this debacle in order to get it to Obama's desk to sign. Had the Tea Party truly won in this debate, cuts would have been deep and immediate with no possibility of increasing the debt or raising taxes.
As it is the bill holds open the door for future tax increases to off set supposed spending cuts which again is another loss for we the people. The Washingtonians are touting this as a great victory for the people and the country. In reality the only thing that has taken place is that another nail has been driven into the coffin of debt and the future of our country and children has been hurt further by bureaucrats who look out for one another and ignore the people they are hired to represent.
Ken Taylor
posted by The Liberal Lie The Conservative Truth | 3:15 PM
5 Comments:
Great piece... But I wish that you'd have called the "Tea Party" freshmen onto the carpet for betraying our trust on this. They caved, pure and simple. I don't hold out much hope for any future hard fights.
Would those who think some Tea Party freshman cave be happier if the House had voted for the nuclear option and let the government run out of money at some point?
The damage that would be done to the long term viablity of the Tea Party at that point might be fatal.
Frankly, if $2.4 Trillion in new debt is the price to be paid for keeping ourselves focused on the LONG GAME and not the short term crisis that are created, we will win.
Tea Party congressional representatives simply bowed to the U.S. Constitutions framework of checks and balances and recognized that there was only so much they could do without risking a major financial meltdown that would at some point have occurred if the government ran out of money (which at some point it most certainly would).
The goal here is to consolidate our gains in 2012 and take back the White House and then perhaps we can start repairing some of the damage. Even then, the Constitution's framework will make that a difficult and lengthy process but our Tea Party friends need to understand there is no magic wand that we can wave and make all the bad things go away.
Tag me as a RINO for being practical and thinking long term and appreciating the gains we DID MAKE in this deal. But it was the best of a bad set of choices.
America operates under elite-serving constructs and institutions (academia, courts, media). Issues (deficit, health care, etc.) and personalities (Obama, Palin, etc.) play within elite-serving constructs and institutions. Americans and America lose.
On this planet only substance works over time. Only substance can benefit Americans and America. Political organization is a creation of nature. Nature’s political organization (governance) is substance.
In elite-operated America nature’s political organization is the great unknown. Adults understand through observing and living. Governance is explained through fact situations that confront Americans and Americans can readily understand at www.frankcorey.com. The vehicle is real estate zoning in a suburb outside of Chicago. Governance Forever More!
Alas, if only President Ronald Reagan had not started America down the path of borrowing heavily to pay for the increase in our government spending several decades ago, who knows what path America would be on today.
But, since we have, as a country, borrowed money ever since, in ever increasing amounts, more often than not simply to pay for typical and usual government programs, we are obligated to pay the interest and for these unfunded programs.
Of course, as all of us who follow debt and deficit spending know, the debt ceiling is a measure of our need to pay for past actions, to cover what Congress has already enacted into law. No new spending programs are ever paid for simply by raising the debt ceiling; Congress has to act for that to happen.
President Reagan understood this, as he described the absolute necessity of raising the debt ceiling during his terms in office. He spoke eloquently of the need to not play politics with the debt limit.
"The full consequences of a default — or even the serious prospect of default — by the United States are impossible to predict and awesome to contemplate. Denigration of the full faith and credit of the United States would have substantial effects on the domestic financial markets and the value of the dollar in exchange markets. The Nation can ill afford to allow such a result. The risks, the costs, the disruptions, and the incalculable damage lead me to but one conclusion: the Senate must pass this legislation before the Congress adjourns."
I guess if one feels that raising the debt ceiling is a terrible thing, and that America is worse off by doing so, then it follows that President Reagan was just as bad as President Obama in this regard, as they both advocated for such an increase. To think otherwise would be a sign of the inability to think rationally, logically, and clearly. And that is not a political issue, merely acknowledgement of some mental disability.
Of course, if one had such a gap in critical thinking, it follows that they would likely be unable to follow the above discussion, and would feel obliged to attempt to respond in an irrational manner, maintaining a self-indulgent position that would attempt to denigrate those who challenge their "beliefs", rather than address the actual issue being discussed.
Your play, sir.
ninest123 08.03
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