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News & Politics News & Politics

CALL THE PRESIDENT'S BLUFF: NO DEBT CEILING INCREASE WITHOUT BALANCED BUDGET

Posted by on Jan. 15, 2013 at 7:53 PM
  • 31 Replies
4 moms liked this


 15 Jan 2013, 5:17 AM PDT 

Why should it be permissible for President Barack Obama to threaten the nation with default by accusing the Republicans of doing so, when they have not? Why should it be tolerable for President Obama to accuse the Republicans of wanting to end Social Security and take food away from poor kids? Why, after Sandy Hook, should he be able to use gun metaphors to attack the opposition even as he pushes gun control? Why should he be allowed to make up stories about an "economic crisis" that happened during the last debt ceiling fight?

And why should Congress have to raise the debt ceiling when it was raised two years ago, amidst promises of reduced spending that have yet to materialize? The House of Representatives has done its job, passing budget proposals that restrain discretionary spending and reform entitlement programs that are dragging our nation into insolvency. But the Senate has not passed a budget since 2009, the President has only met one budget deadline in four years--both in violation of the law--and the White House refuses to offer real spending cuts.

The revenues flowing into the U.S. Treasury exceed the costs of debt repayments each month. That means the United States will not default if no deal is struck--unless President Obama deliberately stops those payments. Similarly, we will not see the troops go unpaid, or Social Security checks delayed, unless President Obama decides to take those steps rather than cutting other spending first. It is Obama who is holding the metaphorical gun to the heads of the American people--and shame on him for it.

The only immediate consequence of failing to meet the politically-imposed debt ceiling deadline is that parts of the government would shut down until money was made available again. And Democrats relish the thought of a government shutdown--indeed,they have wanted one ever since the Tea Party brought the GOP back to power in the House. They are convinced that Republicans would lose politically in the event of a shutdown, just as Republicans did in the budget battle of 1995-6, a confrontation they have been daring the GOP to re-enact.

But the circumstances are different. We live in a time when many Americans have lost their homes and their dreams to foreclosure, when families have had to cut back on spending to pay down household debt, when people who can't run their finances the way the government does have had to change the way they live their lives. The country is well aware of the importance of living within one's means, and might welcome the opportunity to teach politicians the same lesson, rather than allowing them to continue spending our nation's future away.

What is required is the political courage to stare down President Obama's empty threats. He warns that the troops won't be paid--while he is busy gutting the defense budget. He warns about cuts to Social Security and Medicare--after he cut Medicare by $716 billion to pay for Obamacare, and is allowing both programs to collapse because of his refusal to reform them. He warns credit markets--when the real danger is not that the U.S. would stop servicing its debt, but that our government would fail once again to stop its runaway deficits.

The President's threats mask a fear shared by all Democrats--that they will have to accede to spending cuts they have resisted for generations. That is why they are coming up with all sorts of harebrained schemes--a trillion dollar coin, using the Fourteenth Amendment, stripping spending cuts out of any House bill. They are terrified of having to make the government fit our ability to pay for it. At the same time, they relish the opportunity to shatter the opposition, hoping victory in the debt ceiling fight will allow them to have their way forever.

Enough. It is time for reality to intervene and for Republicans to muster the political courage to see through the intimidation and lies of this President and his media apologists and to declare, patiently but forcefully, that the game is over. There will be no increase in the debt ceiling--not without spending cuts that put the United States on course to a balanced budget. And it is not Republicans who must propose those cuts: it is President Obama and his Democrats, who have shirked their responsibilities and missed their deadlines for the last time. 

by on Jan. 15, 2013 at 7:53 PM
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Replies (1-10):
nanaofsix531
by Platinum Member on Jan. 15, 2013 at 8:01 PM
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pvtjokerus
by Gold Member on Jan. 15, 2013 at 8:12 PM
7 moms liked this

Screw em'.  Obama's lies and threats are pathetic and those that voted for this arrogant fool should have their head's examine.  Social Security checks will go out UNLESS King Obama stops them.  For him to blame the Republicans for his out of control spending is disgraceful and dishonest.  IN 2006 SENATOR OBAMA STATED THAT THE CURRENT ADMINISTRATION SHOULD NOT RAISE THE DEBT CEILING AND THAT IT SHOWS THAT GOVERNMENT CAN'T CONTROL THEIR SPENDING AND HE WAS NOT VOTING TO RAISE IT. 

lnicole
by Member on Jan. 15, 2013 at 8:17 PM

Facts....that's something you rarely see around here. Thanks.

Quoting nanaofsix531:


lnicole
by Member on Jan. 15, 2013 at 8:18 PM
2 moms liked this

Yeah call his bluff and tank the markets, lower our credit rating, and make us look weak to other countries....it's so worth calling his bluff.

DSamuels
by Gold Member on Jan. 15, 2013 at 8:28 PM
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Hmmm, Reagan was dealing with a dem house and senate, as was Bush 1 and Clinton only for 2 years. The reps took over in 1994 and started out good but the spending power went to their head and they started spending too much too. GWB had rep until 2006 when the dems took over and spending racheted up again, although the economy took a hit with 9/11 and when the tech and housing bubbles burst. GWB's 7 times was over 8 years and Obama's 3 has been over 4 years.

Quoting nanaofsix531:


SallyMJ
by Ruby Member on Jan. 15, 2013 at 8:36 PM
3 moms liked this

"There are lies, damn lies, and statistics."

Ironic that the ceiling is now being raised for the 4th time during 4 years under Obama -

but that the DOLLAR AMOUNT for the debt ceiling has been higher under Obama than all the other presidents put together. 

Showing that a small percentage of a big number can be, and is, in this case, a VERY BIG number.

Oops.


Quoting nanaofsix531:



DSamuels
by Gold Member on Jan. 15, 2013 at 8:36 PM
1 mom liked this

To add to my previous post, there were spending cuts made with each of the other presidents, $3 & $4 of new taxes for every $1 cut in spending. I believe the ratio on this latest deal was $1 in cuts to every $41 in new taxes. And the dems and Obama are saying NO CUTS in spending. Grrrrrrr

This fiscal cliff was a construct created by Congress. The additional revenue from productive businesses and individuals earning more than $400,000 and couples making $450,000 won't put more than the tiniest dent in the deficit and do nothing about the $16 trillion debt. According to the Congressional Budget Office, the ratio of new taxes to spending cuts is 41 to 1. This assumes the cuts actually materialize, which is unlikely. If they do, they will merely be window dressing.

We've seen it all before. Democrats play this game more effectively than a nimble-handed magician. According to Americans for Tax Reform, in 1982, congressional Democrats promised President Reagan "$3 in spending cuts for every $1 in tax hikes." Reagan agreed. He got the tax hikes immediately, but had his political pocket picked when Democrats never came through with the spending cuts.


It was the same with President George H.W. "read my lips, no new taxes" Bush. In 1990, "Bush agreed to $2 in spending cuts for every $1 in tax hikes. The tax hikes went through. Not a single penny of the promised spending cuts actually happened."

lnicole
by Member on Jan. 15, 2013 at 8:39 PM

The debt ceiling will be raised so get your panties out of a bunch and get over it,

Quoting SallyMJ:

"There are lies, damn lies, and statistics."

Ironic that he ceiling is now being raised for the 4th time during 4 years under Obama -

but that the DOLLAR AMOUNT for the debt ceiling has been higher under Obama than all the other presidents put together. 

A small percentage of a big number can be, and is, in this case, a big number.

Oops.


Quoting nanaofsix531:




SallyMJ
by Ruby Member on Jan. 15, 2013 at 8:43 PM
2 moms liked this

Gosh, Obama  is now taking complete opposite positions from when he was in the US Senate, and the Illinois State Senate? 

Sounds very inconsistent to me! 

I'm guessing consistency is not a Constitutional requirement of the presidency.

Quoting pvtjokerus:

Screw em'.  Obama's lies and threats are pathetic and those that voted for this arrogant fool should have their head's examine.  Social Security checks will go out UNLESS King Obama stops them.  For him to blame the Republicans for his out of control spending is disgraceful and dishonest.  IN 2006 SENATOR OBAMA STATED THAT THE CURRENT ADMINISTRATION SHOULD NOT RAISE THE DEBT CEILING AND THAT IT SHOWS THAT GOVERNMENT CAN'T CONTROL THEIR SPENDING AND HE WAS NOT VOTING TO RAISE IT. 


SallyMJ
by Ruby Member on Jan. 15, 2013 at 8:44 PM
2 moms liked this

Interpretation of facts/statistics is even rarer. And it's not what it appears. Read between the lines. These charts are distractions to the real facts.

Quoting lnicole:

Facts....that's something you rarely see around here. Thanks.

Quoting nanaofsix531:



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