Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Saturday, August 13, 2011

Felonious Munk's wild anti-Obama rant on government debt/debt ceiling *profanity alert*

I usually don't post anything with excessive profanity but this rant is too good and will have you laughing - or gasping.


Felonious Munk talks politics with The Blaze. His various views are all across the political spectrum.

Here are Felonious Munk's views:


“I hate partisan anything,” he told The Blaze from Virginia Beach, VA. “I rant just as much about Republicans as I do Democrats. I rant just as much about the Tea Party as I do liberals.” In fact, he thinks the idea of loyalty to a party is “retarded.”
In fact, he said he supports the president — whether George W. Bush or Barack Obama. But he always retains “the constitutional right to say, ‘that’s ridiculous.’”
Still can’t pin him down? You probably won’t be able to put him in a simple partisan box. Consider this: he’s not a fan of the health care bill (he calls it the “ugliest quilted blanket of health care crap I’ve ever seen”), but has a soft spot for Canada’s single-payer health system.
That seems to lean liberal.
“I think our government has made everything they possible could more difficult, and that‘s just during Obama’s presidency,” he said, later adding, “I think [the health care bill] was one of those things where you made a promise and now you force yourself to keep that promise even though what you eventually came up with was crap.” In other words, “squash it.”
That seems to lean conservative.
He doesn’t think the country is headed for communism like some conservatives, but he believes some of the “socialist” programs put in place during the Great Depression weren’t meant to go on indefinitely, and now some people have become dependent on them.
Liberal and conservative?
The rant he delivered that caught Beck’s eye, he explained, was just one of many issues he has with the president.
“There are, oh my God, a million things.” For example, he’s opposed to foreign aid to Somalia and Israel alike.
Still, he admits some of the things he ranted about in the video were slightly exaggerated for comedic effect.
What is he, then? How about a comedic conundrum.
Who is Felonious Munk?
Felonious Munk isn’t really Felonious Munk. His real name is Dennis Banks. And he said this is the first time he’s admitted that to the media.
He has a surprisingly deep knowledge of history — he spouted off people (both politicians and comedians) and terms from days past like he was, well, a stand-up version of Beck. And his path to comedy wasn’t an ordinary one. He went to college for accounting but then switched to IT after being bored with the former. He then worked in finance for almost 12 years, specifically in the car sales business.
Then, he said, the economy “forced” him into comedy — which is a way of saying business wasn’t good so he chose to do what he loved.
Still, his brand of comedy is different. There are curse words. It can be crass. There are plenty of laughs. But he also wants his craft to make people think.
“I thought comedy was always, ‘make me laugh, but let me go home and think about it,’” he explained, which he says is the offspring of his humor and his different way of thinking about things. Now he’s traveling across the country sharing it with as many people as possible.
And now, because of Beck, he’s tapping an audience that might not have ever known about him. And he’s okay with that. He’s even going to work it into his routine.
“I’m sure Glenn Beck is going to be a part of a few of my shows coming up. As a matter of fact, he’ll probably get a tribute video,” he said chuckling. Which is ironic, he added, because he’s made videos bashing Fox News in the past.
Almost twenty minutes into the interview, he finally started cracking jokes: “I think it’s kind of cool that Glenn Beck sees this video and goes, ‘Wow, this guy who kind of looks like bin Laden makes a point that I agree with.’” He‘s even thinking about donning a turban and Photoshopping himself shaking Beck’s hand.
And what about Beck’s own joke at the end of his radio show Thursday, wondering if Munk (or Banks) would be willing to join GBTV as a comedian?
“Truthfully, the only way you could get me to shave my beard is if I had that opportunity,” he said while laughing. “If Glenn Beck wanted to make me the Lewis Black of his new TV show, tell him I’m all over it, I’ve got material for months, and I’ve got a couple of really nice suits.”
“We could be like the Run DMC of the new politics.”
Now that’s a funny image.

Friday, July 29, 2011

EAGLE FREEDOM LINKS 7-29-11 Birds of Flight/Steve Miller Band

EAGLE FREEDOM LINKS 


American Perspective - Did Obamacare Kill the Obama Recovery?  and Battle Hound 

America's Watchtower - My email to Barack Obama 

Atlas Shrugs - Hamas Executes Father and Son for Israeli Cooperation 

Amusing Bunni's Musings - Meet Paco the Super Dog, 10lbs of fury, chasing thugs 

ARRA News Service - Would the President Really Veto the Nation into Default

A Catholic View - Step Forward to Defend DOMA from Repeal, Official Urges

A Patriotic Rottweiler - Economy and Freedom - A Lesson for Liberals 

A Western Heart - Iemma Predicts Carbon Calamity 


Swimming Eagle from Wandering Wolf Productions on Vimeo.


Acts Of Apostasy - Remember - Same-Sex Marriage Won't Affect You...

Adrienne's Corner - Debt Ceiling Kabuki Theater Continues, the Huffington Post Causes Migraines, and John Hawkins is an Idiot...

Allied Liberty News - Viral of the Day: Just Why California Is Bankrupt? 

Always On Watch - The Government Borrows To Spend 

American Creation - The Anti-Slavery Awakening at Our Founding 

Anonymous Political Scientist - Dr. Drew Comments on Dr. Lott, Jr's Seven Myths About the Debt Ceiling

Barking Spider - Give Us Some REAL Fucking News You Cunts!

Barracuda Brigade 2012 - Iran Says Installing New Nuclear Enrichment Machines!!  



BBCW - Obama Closes Borders

Beer, Bicycles, and the VRWC - Taxing Evil Big Corporations

Beers With Demo - Your High Speed Choo-choo Update 

Biblical Conservatism - Default Not A Given Without Debt Deal (Unless Obama Chooses) 

Big Blue Wave - Pittsburgh Abortionists Caught Dealing Drugs 

Black Or White Is A Choice - Martial Law is Around the Corner If We Allow Him to do it This Way.!?

Blog de King Shamus - See What You're Not Noticing? The Anti-War Protests Have Fizzled Out 

Blowing San #1 - No Justice For This Prolife Activist 

Bluegrass Pundit - Barack Obama vs Barack Obama on the Debt Ceiling 



Bread Upon The Waters - Obama Privately Assures Banks There Will Be No Default 

Catholibertarian - On Envy, Ecology, and the Redistribution of Wealth 

Catholic Fire - Cardinal Burke On Suffering and Respect for Human Life

Catholic Once Again - Stem Cells - What's Moral and What's New in the News 

Cmblake6's Weblog - And Here's a "Tingle Up My Leg" 

Commentarama - Amber Waves of -- Solar Panels? 

Common Cents - Comedy Gold: Press Secretary Jay Carney 

Conservative Hideout 2.0 - "Unexpected" Morphed into "Above Expectations," Elites still surprised by Reality  and Tea Party Group Protests NAACP Convention 

Conservative Perspective - Congress, When Talking Numbers Figure This In - The Cost of Illegal Aliens - A Look at the Numbers......




Conservatives On Fire - Who Is Responsible For Our Debt The Democrats Or The Republicans?

Creative Minority Report - Abortionist: Yeah, Babies are Born Alive

Creeping Sharia - Somali-Canadian Women Recruited by Islamic Terror Group

Crime, Guns, and Videotape - There is an Extraordinary Acting Coach in Santa Monica, CA

DeanO - Return of Mass Layoffs a Grimm Sign for U.S. Workers 

Domine, da mihi hanc aquam! - Coffee Cup Browsing

Don't Tread On Us - Question #1 Answer  and Darwin's Fairy Tale: Part 2 

DRScoundrels - Awesome debt ceiling and tax wisdom: Must see vids 

Eye Of Polyphemus - Wild Cards 



Faith of the Fathers - North Carolina House Overrides Perdue Veto of Pro-life Bill 

Far Right Girl - Taxation Without Representation

Fleece Me - Intransigence Only Applies To The Right =(

Fuzzy Logic - The Tea Party Movement: Not on our watch, Not Now, Not Ever (repost)

Generational Dysfunction - Horrific Speech by Obama

Greene County Young Republicans - Quote of the Decade 

Greg Mankiw's Blog - The Light Bulb Ban 

Hack Wilson - Obama "needs a dance partner" on immigration reform while speaking before La Raza 

HolyCoast.com - The 14th Amendment Gambit 



Hyphenated-American - A Few Obvious Things 

Info on Islam - Islam Destroys the Conscience 

Innominatus - Defeat To Victory to Defeat to Victory 

It Don't Make Sense - Signs 

Jo-Joe Politico - Stop Calling Him What He Is Not! It Makes You Look Stupid

Just A Conservative Girl - The Promise and The Reality 

Just An Artist - Tank Fun!

Landshark 5150 - Someone Has to Caption This One, Cause my mind is Spinning Here in Key West 

Left Coast Rebel - Lipstick, Dresses, and a Porcine Beauty Pagent...



Let The Truth Be Known - Obama Administration ID Scheme 

Legal Insurrection - Senate Dems Kill Cut, Cap, & Balance Bill - leave nation with NO plan//Update: Reid tells Senate to take Weekend Off 

Libertarian Republican - Trump Hearts Bachmann? 

Liberty At Stake - Debt Ceiling Tug Of War - No Deal Is Better Than a Bad Deal 

Lisa Graas - Indian Government Concerned About Gender-Based Abortions 

Lone Star Parson - LSH  and Come On. Move To Detroit. 

Lonely Is The Nights.... - Why We Need A Tetanus Shot...

Maggie's Notebook - World Trade Center Cross Sued By Atheists  and Laura Ingraham John Boehner: Interview - Time To Do What Is Doable



Mind Numbed Robot - Steve Wynn: Obama's Socialist Policies Killing Jobs 

Motivation Truth - Governor Palin Tackles Debt Debate on Fox 

Musings Of A Vast Right-Winger - Obama's Idea of a Balanced Budget

My Daily Trek - US Gives Bizarre Dhimmi Orders to Troops in Afghanistan 

My Journey - The Roof Of The World

Nikon Sniper - Children are a Blessing from the Lord 

Nonsensible Shoes - Nader Looks for Obama 2012 Challengers

NoOneOfAnyImport - But I'm Already Home, John Hawkins Updated 

Obama Cartoons - Obama Hell  



Pathetically Incorrect - Same As It Ever Was .... Carter and Obama 

Pedaling Fast - Joseph and the Amazing Technicolor Dreamcoat 

Phoebe's Detention Room - What's your favorite movie??

Political Realities - Raising the Debt Ceiling - Where to go from here 

Proof Positive - How Long does it Take to Run the Country Dangerously Into Debt? 

Pundette & Pundette - Choosing Time For Conservatives

QUIKWIT - Where Did I Put That Remote Control........ 

Randy's Roundtable - This Isn't Wild Eyed Socialism 

Rational Nation USA - Thoughts Worth Considering 



Reaganite Republican - Reaganite's Sunday Funnies

Right Klik - A Friendly Reminder  

Robbing America - Deficit Spending at the Mongo Toy Company and their Debt Ceiling 

Saber Point - Politics are unbelievably dirty, rotten and ruthless: How to fight back peacefully 

Sancte Pater - Let's play "Name that Priest" 

Self Evident Truths - Obama: "Believe me, the idea of doing things on my own is very tempting, I promise you." 

Sentry Journal - I'm taking a mulligan: Jan Schakowsky could possibly be the most useless person in America and Behind Closed Doors 

Standing On My Head - Atheism and Schizophrenia 



Tea And Politics - Egypt: Muslim Attack On Christians Provoked By Installation Of Church Bell 

That Mr. G Guy's Blog - Do Away With National Debt Ceiling Law

Theblogprof - Shocker: Obamacare To Leave Families With HIGHER Insurance Costs

The Born Again Americans - God Bless Ted Nugent

The Camp Of The Saints - Dhimmitude From A Dhimmitard 

The Conservative Lady - Marco Rubio On Face The Nation - Great Interview  and Operation Fast & Furious: Straw Buyers and Big Liars

The Country Thinker - Missing from the debt ceiling debate: Overregulation

The Daley Gator - U.N. Group Calls for Abortion As Human Right For 10-Year-Olds, Decriminalization of Youth Prostitution and Drug Use 



The Empress Is Naked - Barack's Limp Leadership 

The Last Tradition - Nevada Man James Linlor Sues DMV for Trying to ban Personalized 'GOPALIN' license Plates, but Obama Plates ok 

The Libertarian Patriot - Reason TV - 3 Reasons Why the Debt Ceiling Debate is Full of Malarkey 

The Liberty Sphere - Video: Homeland Security considers white, middle class citizens to be terrorists

The Malcontent - Is The Emperor Upset? 

The Observatorium - Rupert Murdoch, Bible Publisher? 

The Other McCain - What Happened to 'No Drama Obama'?



The Right Guy - Heroes and Assholes 

The Scottcarp Dream - Building a Religion 2012 Edition - Barack Obama

The Wyblog - Mr. Christie goes to Iowa

TOTUS - Coyotes and Big Government

Ubi Petrus, Ibi Ecclesia - The Contraception Deception 

Weasel Zippers - Noonan: "He's like a walking headache. He's probably triggering Michele Bachmann's migraines." 

Virtual Mirage - Is the US Govt 'smuggling' military grade weapons to Mexico?



Warning Signs - Ignoring Iran to Our Peril

What Does The Prayer Really Say? - Australia - A bill to force priests to break the Seal of Confession

We The People... - Operation Fast and Furious XXXII 

Wolf Files - My Washington Times Latest: Barack Obama's pants on fire

Woman Honor Thyself - The U.K. is Muslim

Woodsterman - Badass Texas Rabbit 

Zilla Of The Resistance - Al & MO Hate The Ladies 

Wednesday, July 27, 2011

Tea Party Patriots Co-Founder Speaks Out Critically on John Boehner and Debt-Ceiling Debate

Mark Meckler, Co-Founder of the Tea Party Patriots, answers some questions from Patricia Murphy of The Daily Beast on John Boehner and the GOP, the debt-ceiling debate, and the August 2nd default on our debt obligations meme.


In the president’s speech Monday night, he blamed the breakdown in the debt negotiations on House members, who were obviously people who have been supported by various Tea Party groups.  Should the Tea Party groups get the blame for all of this?


I think the Tea Party movement should get the credit for elevating the debate about the debt limit to the national stage. We’ve raised the debt limit 10 times in the last nine years. In the last five years, we’ve almost tripled the amount of debt this country is holding. This has all been done relatively quietly while politicians have mortgaged our futures. So the fact that we’re having a spirited debate about this now is good for the nation and I think the Tea Party can take credit for it.
Do you think that the most recent election is the reason Congress is not just quietly raising the debt ceiling, as has happened scores of times before?
Yes, the fundamental difference is that the entire political dynamic has been changed by the Tea Party movement.  The core values of the Tea Party Patriots—fiscal responsibility, the Constitution, limited government and free-market capitalism—are now defining the debate around virtually every issue in the nation.
What do you think is the ideal solution to this impasse right now?
The ideal solution is to cut spending so that we stop spending beyond our means. The ideal solution is what you would have to do if you were in the same situation personally that the country is in. The ideal solution is what each of us as citizens have to do when we get in financial trouble personally or what companies have to do, or what states have to do or what cities have to do. Frankly, the only entity in our nation that continues to defy reality is the federal government. It’s just time to pay the piper.
Is there any scenario where you think it would be OK to raise the debt ceiling?
No.


What do you think about the proposal that Speaker Boehner has put out?
It’s an embarrassment. He proposes $1.4 trillion in cuts over the next 10 years. Legally, no Congress can bind a future Congress. Anything he promises about what future Congresses will do, they simply can’t make that promise. In the real world, we call that a lie. If you promise something that you have no control over, that’s called a lie. In Congress, it’s called a promise. We don’t understand how the American people don’t get that. Number two, no Congress has ever been able, by wish or by promise, to bind future Congresses to spending cuts. When past Congresses cut spending under their own budgets, those spending cuts will never and have never materialized. It’s smoke and mirrors and the American people understand this.


The interview is continued here

Sunday, July 24, 2011

Senator Pat Toomey On The Debt Debate

I am proud to say that my senator, Senator Pat Toomey, has been outspoken and at the forefront of these debt talks. He is one of the co-sponsors of "Cut, Cap, and Balance" and has strongly criticized both the Democrats and the President on how they have handled the debt talks. Here is a speech which Sen. Pat Toomey gave on the Senate floor a few days ago. In the second video he talks with Sean Hannity on the whole debt debate drama.



Sunday, July 17, 2011

Debt Limit Talks, Cut Cap & Balance, and What is the Principled Thing To Do?

I have been watching this whole debt debate and as it rages on it seems that the debt ceiling negotiations are getting nuttier by the day.   We are seeing the clash of philosophies go head to head.  Democrats and Obama believe in playing the class warfare card.  The President refuses to mention with specificity even one thing that he is willing to cut from the budget.  In contrast the President has laid out in great specificity how he wants to tax the "rich". He wants to raise taxes while Republicans do not.  IMO, the crux of the problem lies with Obama.  The philosophies of both the conservatives and liberals are so far apart that they don't agree on much, if anything, in the way of how to fix the debt problem.  While the President likes to portray the GOP as being ideologically entrenched and unwilling to compromise his own words have shown that this is a case of the pot calling the kettle black.  For example, Eric Cantor realized that the two sides are two far apart to agree on a "grande bargain" so he stated that he would be willing to move a a short-term debt limit increase alongside smaller spending cuts but then Obama, the man-child President, said to Cantor “Eric, don’t call my bluff." Then according to Eric Cantor he told reporters that “He (Obama) shoved back and said ‘I’ll see you tomorrow’ and walked out."  Obama has shown that he can't stand to be challenged politically, and that he takes it personally so I can believe that this happened the way Eric Cantor portrayed the event. 


Do you think that Eric Cantor was political posturing? Or do you think that Obama was political posturing?


Back in 2009 Obama stated that he wasn't looking to raise taxes until possibly 2013.  But now he is so entrenched and committed to raising taxes. 

"So, when you hear folks saying, “Well, the president shouldn’t want massive job killing tax increases when the economy is this weak.” Nobody’s looking to raise taxes right now. We’re talking about potentially 2013 and the out years."



So why does Obama want to raise taxes when our economy is so weak and on the verge of a double dip recession?  We shouldn't be raising taxes on anyone while our economy is so weak. 


What is a principled stance for the Republicans?  Do you think that it would be irresponsible for the GOP not to raise the debt ceiling or would it be irresponsible for them to raise the debt ceiling?  Or should the GOP raise the debt ceiling ONLY IF the President and Congress goes along with their Cut Cap and Balance Pledge?  Or a similar plan? In all likelihood it would seem that in all probability that there is going to be some sort of compromise by both parties.  Or do you think that the GOP should stand firm and risk the U.S. hitting the debt ceiling?  And thus possibly defaulting?  Then we have President Obama who is using fear mongering tactics, saying we may not have enough money to pay out social security, medicare and medicaid, and military benefits in order to put pressure on the Republicans.  If the debt ceiling isn't raised then Obama might actually be forced to make some immediate and necessary budget cuts but that is something he isn't willing to do.

The Weekly Standard explains that the revenues would cover social security, medicaid and medicare, and military benefits.

The BPC study found that the United States is likely to hit the debt limit sometime between August 2 and August 9. “It’s a 44 percent overnight cut in federal spending” if Congress hits the debt limit, [Jay Powell of the Bipartisan Policy Center]said. The BPC study projects there will be $172 billion in federal revenues in August and $307 billion in authorized expenditures. That means there's enough money to pay for, say, interest on the debt ($29 billion), Social Security ($49.2 billion), Medicare and Medicaid ($50 billion), active duty troop pay ($2.9 billion), veterans affairs programs ($2.9 billion).


I just saw this on Eric Cantor's Facebook Page: "This debate is not a question of personalities; it is about doing what is right for the country."  


I agree.  

The Cut, Cap, and Balance Plan consists of :  



1.  Cut - We must make discretionary and mandatory spending reductions that would cut the deficit in half next year.

2.  Cap - We need statutory, enforceable caps to align federal spending with average revenues at 18% of Gross Domestic Product (GDP), with automatic spending reductions if the caps are breached.

3.  Balance - We must send to the states a Balanced Budget Amendment (BBA) with strong protections against federal tax increases and a Spending Limitation Amendment (SLA) that aligns spending with average revenues as described above.





Then we have Mitch McConnell's plan which would basically cede power to Obama and allow him to raise the debt limit three times during the rest of his term. This lame brain idea would put the onus of the blame for the skyrocketing debt on Obama.  That option would mean that both parties would be kicking the can down the road.  Old Geezer Mitch must have left his brain at home that day because this plan is absurd.  The American people don't want McConnell to wave the white flag of defeat to Obama & Co.  The American people want solutions and not political chicanery. Clueless McConnell needs to stop playing political games and instead concentrate on trying to find a solution to the debt crisis, stop acting like a wimp and stand up to Obama.  


In your opinion what do you think is the principled position for the Republicans?  What are your thoughts on the debt and debt ceiling issues?



Tuesday, May 10, 2011

Senator Pat Toomey's Balanced Budget Proposal



My senator from the great state of Pennsylvania has put together a budget proposal.  I have to say that I am proud to have Pat Toomey as my senator.  Senator Pat Toomey's budget simplifies the tax code, balances the budget in nine years, and reduces the publicly held debt from close to 70 percent of GDP today to 52 percent by 2021.  He does this by reducing the spending to 18.5 percent of GDP.  He decided to focus on one thing at a time, first proposing a balanced budget but he does know and understand that social security needs to be reformed.  Overall, I have to say that I am pleased with his budget proposal.

Here are the cosponsors of the Budget Proposal:

Cosponsored by Sens. Jim DeMint (R-S.C.), David Vitter (R-La.), Tom Coburn
(R-Okla.), Richard Burr (R-N.C.), James Risch (R-Idaho), Marco Rubio (R-Fla.), Ron
Johnson (R-Wisc.) and Mike Lee (R-Utah)

Pat Toomey states:


Let me just mention one other thing. It's my view that a permanent solution to the
fiscal challenges that we face will require broader reforms than what we have in
this budget. For instance, ultimately, we need to reform the Social Security
program; we need to reform Medicare. But this budget represents what we think of as
a necessary first step. It reaches balance. It does so within the foreseeable
future, within 10 years in fact, and in the process, I hope that it will demonstrate
and earn for us a restored trust in our ability to grapple with the big problems
that we face. This in turn, will buy us the time we need for the long-term reforms
for our federal budget.

I'm not aware of any country that has ever dramatically grown its government,
generated massive spending beyond its means, run up huge deficits, accumulated
massive debt, monetized part of it and then lived happily ever after. We won't be
the first. We're either going to stay on this current path and suffer the
consequences that will come from this very irresponsible spending - the consequences
of diminished opportunity at best - or we're going to depart from this path and
adopt the fiscal discipline that our constituents expect of us and adopt the
pro-growth reforms that will allow our economy to recover and allow us to enjoy
another great American century.

The time to choose is now. And the time is running out.

 

Here is an overview of Sen. Toomey's balanced budget proposal.

1 Pager- Balanced Budget Resolution FINAL

Here is a more detailed overview of Senator Toomey's balanced budget proposal.

Restoring Balance Final

Tuesday, March 1, 2011

Obama is Kicking the Can Down the Road but is GOP Kicking Smaller Can Down the Road Too?


The Obama budget is a fiscal joke, or a fiscal nightmare for our future.  The American people sent a message loud and clear to Congress and President Obama on November 2nd and it is obvious that he didn't get it.  


Senator Jon Kyl points out that Obama's budget adds nearly $13 trillion in debt by the end of the decade and the gross debt will reach $26.3 trillion by the end of the decade - which is 107 of gross domestic product.


 Senator Kyl says that: 
"The debt will eclipse the size of the entire economy." 




The United States will have a mega-financial disaster on its hands, which will look much like Greece does today.  


Sen. Kyl states: 


 "That’s a gloomy outlook, and it would be prudent to stop raiding the treasury. But, not in this budget. Under President Obama’s budget, the size of the federal government will nearly double since he took office. Over the next 10 years, the President proposes $8.7 trillion in new spending, with $46 trillion in total spending. Spending in this fiscal year is projected to be a record $3.8 trillion, or 25.3 percent of gross domestic product, the highest spending-to-GDP ratio since World War II!" 


I agree with Sen. Kyl.  This is a gloomy outlook.  This type of financial disaster can be avoided if President Obama, the Democrats, and the Republicans have the will and listen to the American peoples' voices which were spoken loud and clear in the November elections.  


The Obama budget would increase taxes on families, small businesses, and job creators at a time when  our economy is still very fragile.  How does raising taxes on small business owners and other job creators encourage businesses to hire new employees?  Simply put, it doesn't.  It decentivises the job creators from opening up new stores and hiring new employees.  It is a real possibility that their will be layoffs due to Obama's fiscal insanity. With this kind of backwards mentality of penalizing the backbone of our country - the entrepreneurs - in the near future I can see the unemployment rate rising above 10 percent. 


  But, does the GOP get it?


The GOP seems to be waving the white flag of compromise and giving into the Democrats.  Most of what is in the GOP's Stop Gap proposal consists of cuts which were already proposed by Obama and the Democrats.  The GOP is acting very weak and are compromising to avoid a government shutdown.  I am all for a government shutdown.  What has the government done right in the past few years?  The government has expanded like a huge balloon full of helium and it needs to be popped and shrunk down to a much smaller, acceptable size.  The Federal government has invaded our lives, like an invasion of aliens from outer space.  This ever expansive government needs to be reigned in and if it takes a government shutdown to save money and show the Democrats that we want to save or country from fiscal ruin, so be it.  The dynamics of our economy is different than in 1995 and there are more people who are more aware that the United States needs to get its fiscal house in order.  


The GOP didn't even have the will to cut at least $100 billion from the budget, as they pledged to the American people in November.  The House approved $61 billion in spending cuts and the GOP can't even stand on principle and put pressure on the Senate to pass those cuts.  This is unacceptable and makes me furious. We definitely need to boot some RINO's out of the GOP.  These compromisers need to go.  I am sick of the GOP being more worried about their political appearances than solving both our budget and deficit woes.  


So, sadly I have to say that more than a few in the GOP don't get it.  They are indeed kicking the can down the road, albeit a smaller can than the Democrats.  But, this should not be the barometer we use to judge the GOP. They must have had some serious wax in their ears during the November campaigns.  Or, maybe they have had amnesia?  Their actions and words are evidence that we need to remind them consistently and often of the will of the American people and what this country needs in order to get its fiscal house in order. 




Wednesday, January 19, 2011

Sen. Pat Toomey Has a Great Idea on How to Freeze the Debt Ceiling Without Risking Default





Sen. Pat Toomey - Those words sound really good! -  has not bought into the "sky is falling" mentality that Obama, Democrats, and others within the Obama administration have been expressing regarding the debt ceiling.  He even points out that it is NOT a necessity to raise the debt ceiling but in fact emphasizes that if the debt ceiling is raised and congress continues their enormous spending spree, business as usual, then the ramifications would be staggering.  Pat Toomey says there is an alternative.

He is introducing legislation "that would require the Treasury to make interest payments on our debt its first priority in the event that the debt ceiling is not raised. This would not only ensure the continued confidence of investors at home and abroad, but would enable us to have an honest debate about the consequences of our eventual decision about the debt ceiling. If we do not raise it, the government's tax revenue will enable us to fund roughly two-thirds of projected expenditures, including interest payments. Without the ability to borrow the other third, spending cuts would be sudden and severe: Projects would be postponed, some vendor payments would be delayed, certain programs would be suspended, and many government employees might be furloughed. Default would easily be avoided, but these cuts would certainly be disruptive. That's why I hope we can avoid this scenario." 


Pat Toomey points out: 


The recent surge in spending, both in absolute dollars and as a percentage of our GDP, has driven us to record deficits and an explosion of debt. The growth in discretionary spending has been the most dramatic, but in the future mandatory entitlement spending will be the deficit driver. Congress must address both in order to put the government back on a sustainable fiscal path.
The vote on whether to raise the debt ceiling—and, if so, by how much—is our best opportunity to insist that any increase in our nation's debt be coupled with concrete steps toward fiscal sanity. Congress should make increasing our debt contingent on immediate cuts in spending and effective reforms of the spending process that helped get us into this mess.
For too many years, Congress has ignored or exacerbated the looming fiscal crisis created by overspending. Last fall's elections were largely a call to finally deal with this imminent threat, and the vote on the debt ceiling is Congress's opportunity to begin making real progress. We can do so without jeopardizing the full faith and credit of our country—and we should.
I agree with Pat Toomey. This out of control spending must stop!  It also sounds like Afghanistan is on the correct path now.  With the coordinated effort of both our troops and Afghanis hopefully this positive trend will continue.