What would have been a tough fight anyway, as the newly elected House Republican majority tried to fulfill promises to the electorate on containing spending, was turned into a circus, as much of the media jumped into the ring clamoring for tax increases in the name of “balance.”
Let us remember that the initial plan from Treasury and the White House was: raise the debt ceiling, period. There were no sweeping blueprints to address our budget problems coming from the President. In fact, as an NTU Foundation analysis showed, the President’s budget proposal would keep the red ink flowing.".
If there are so many experts about, how did we end up with so many ignorant people in the House of Representatives? I call them ignorant because they put politics before the welfare of their fellow Americans. It makes me wonder how many will be one term Reps. Actually they all should never be re-elected. They all add to the voices of what Obama should be doing but they were not elected to the office of the Presidency.
When will people let the man do his job. I have resigned myself that it will not happen until enough Republican politicians lose their seats and realize that not only are they put there because the people believe in them, but they get very angry and do not let them stay when they learn their campaign speeches were nothing but lies. Meanwhile, while they are in Washington collecting benefits paid for by the very people whom they have abandoned in their greed to push their own agenda, not that of their constituents..
4 comments:
The initial White House treasury plan ("Just raise the debt ceiling, period") does not solve the bigger problem of how to get our government spending back to sustainable levels. What S&P and the IMF wants to see is a plan to pay down the 14 trillion we have borrowed already. Raising the debt ceiling, period, will allow us to avoid default, but kicks the bigger debt problem down the road for our kids to fix years later. Frankly, I'm glad that the "just raise the ceiling" plan was not accepted.
The serious, adult approach will require real, significant cuts. Neither side is proposing this, and hence neither side side deserves re-election. This op-ed explains what both parties need to understand about the budget:
http://washingtonexaminer.com/opinion/op-eds/2011/07/what-both-parties-must-understand-about-budget
Frank, you missed a critical lesson in life: The way to eat an elephant is one bite at a time.
But the problem is that Obama has not presented a plan that takes a bite out of the elephant. The major parties have not even presented a budget plan that spends less than last year! The sad truth is that there are currently no grown-ups in the room, therefore we are going to learn the virtues of thrift the hard way: by going through a bond downgrade.
One bite would be, singly, to raise the Debt Ceiling. Once that is done, the second bite...assuming the country would be calmed a bit by that move...could then tend to the budget. Simply cutting expenses is not an answer. Until the Republicans allow taxes not to be increased but simply to be where they had been (for the rich) and lose some of the corporate loopholes, the country will be at a stalemate. The country must find revenue sources...like people working and having money to spend so businesses can flourish as make and sell more product to be taxed, etc.
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