A Clearer Look at the Debt Ceiling

Boehner likely got very little sleep this week. I have to give him credit; dealing with BO & Senate MORON Leader Reid, as well as the newbies in the Congress, was no easy task. I was also impressed when he showed emotion and called out the President. Good job John!

Let’s be realistic here. The debt ceiling MUST be raised, and instead of just rubber-stamping it, we have spent months talking about cutting spending. BRAVO, for a change! Are the cuts small? Of course they are. Are we spending too much? You bet!

Nobody is talking about the fact that a budget is due by the end of September. Another chance for the right to make Washington do what it doesn’t want to do!

What I am trying to point out here is that the GOP only has a one house in D.C. and any progress is good progress, as far as I am concerned.

The House, and Boehner specifically, I feel, wound up doing a good job in passing 3 bills that could have taken care of this problem. The timing of the last bill (as difficult as it was) has put a ton of pressure on the left to pass something, which will likely look a lot like the Boehner bill.

Speaking of the left, not Obama nor Reid has come up with anything that could pass the Senate. Effective leadership? I think not.

Some folks are coming down hard on the Tea Party folks in the house for making things difficult. There is some truth here, but if not for these conservatives, we are not talking about cuts at all. While I think some of them have a thing to learn about governing, I still have to give kudos for forcing the agenda!

So today (Sunday) as we watch what is going to happen, we should be mildly pleased. We are not looking at any revenue (Tax) increases, we will cut some spending (as small as it is), and we will be able to continue the fight starting Wednesday.

Not bad for D.C., dontcha think?

My Two Cents, How ‘Bout Yours?

Pete G
Publisher

4 comments

  1. Patrick says:

    The raising of the debt ceiling was never really in question. Both parties used the issue to scare the public which they did. BO was really guilty of this with the threat of no Social Security, medicare, or medicade checks. The left saw their chance of scaring the public into raising taxes. The right saw it as a chance to take a conservative stand. Politics at it’s best.
    I am pround that the right did not cave. Boehner did do a great job. Baby steps but steps none the less. Maybe even some momentum.
    No new income taxes is the only verifiable portion. Spending cuts just takes cooking the books.
    Does bringing troops home count? Saving or Cutting?
    I only hope we do not loose funding for Cowboy Poetry.

  2. Pete G says:

    Every time I see Reid I think..’How the Hell did he become Majority Leader ?’

  3. Hutch says:

    Okay, they made progress such as it is. But I have a problem with the math of this so called deal. Right now, the federal government is running an annual deficit of 1.3 to 1.6 trillion dollars. This deal will raise the debt ceiling 2.6 trillion dollars immediately for “projected” cuts of 2.6 trillion dollars over the next TEN YEARS. And the cuts aren’t actual cuts, they are cuts in the projected increases in spending over the next ten years.

    At the federal government’s current rate of spending, that still means we’ll be running budget deficits of 1.04 trillion dollars or more per year. So my redneck ‘rithmetic tells me we will blow through this great 2.6 trillion dollar debt increase in a little over 2 years and be right back in another “crises” by 2013.

    Another problem I have is how this so-called crises became a crises in the first place. The United States wasn’t going into default if the debt ceiling wasn’t raised anyway. Unless the definition of default has been changed in the past 30 months. I’ve always understood default to mean not being able to service one’s debt obligations. The United States would have still been able to pay the interest on it’s outstanding debt. Not raising the debt ceiling would have just meant the federal government could no longer continue to spend more than it takes in. As long as the Feds paid the interest on our loans outstanding, we wouldn’t be in default.

    It’s unfortunate we have no objective media remaining in this country. And that goes for both the liberal and conservative media. The crises was created by some think tank and perpetuated by talking heads on both sides of the political spectrum. I just wish facts had been discussed instead of a bunch of political clowns trying to figure out the best way to score political points so they could get re-elected.

    Do we have no statesmen left in D.C. that will look after the best interests of our country? Judging by the events of the past 2 months, methinks the answer is no. :(

    Hutch

  4. Patrick says:

    Well said Hutch, but cutting future increases is the first step. The next step as you know is cutting into the spending. They need to use the redneck rithmatic so they stop cooking the books. I agree that we have no objective media, same as few objective politicians.
    You’ve got my vote.

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