by BEN SHAPIRO 6 Jan 2013, 9:17 AM PDT
With the fiscal cliff deal signed into law, the nationâs attention now turns to the debt ceiling debate, scheduled to hit in the next two months. As America reaches the debt ceiling yet again â an unbelievable $16.4 trillion debt ceiling needs another increase in order to allow us to borrow more cash to pay our bills â Republicans insist that we finally begin dealing with our spending problem. That was the purpose of the fiscal cliff deal in the first place: to preserve as many of the Bush tax rates as possible, consider tax rates a finished issue, and move on to spending cuts. As Senate Minority Leader Mitch McConnell (R-KY) said on ABCâs This Week, âThe tax issue is finished, over, completed. Thatâs behind us. Now the question is: what are we going to do about the biggest problem confronting our country and our future? And thatâs our spending addiction.â
Not so fast.
House Minority Leader Nancy Pelosi told CBSâ Face the Nation
that the historically enormous tax increases just enshrined in law arenât enough: âThe President had originally said he wanted $1.6 trillion in revenue. He took it down to $1.2 trillion as a compromise in this legislation. We get $620 billion, very significant, high-end tax, changing the high-end tax rate to 39.6 percent, but that is not enough on the revenue side.â Pelosi said that the Obama regime had already made cuts to social programs like Medicare â a position the Obama re-election campaign denied repeatedly. She added that there would be no change to Medicareâs eligibility age, and wouldnât allow cost of living adjustments to Social Security payments. And she concluded that any link between raising the debt ceiling and cutting spending wouldnât happen: âI donât think those two things should be related.â She went so far as to say that sheâd unilaterally raise the debt ceiling in violation of the Constitution if she were president.
To bolster her argument on taxes, Pelosi didnât actually cite statistics on economic development or job creation. Instead, she labeled her opposition âan over-the-edge crowdâ of âanti-government ideologuesâ who are âhard to understand.â Because wanting to cut spending when youâre running a national debt the size of the combined national debts of the entire European Union is out of the mainstream, and makes you unreasonable.
on Jan. 6, 2013 at 5:38 PM