Wednesday, June 29, 2011

Sorry, I've been busy raising my personal debt ceiling

I have been absent from writing for a while, I guess the business of life kept me away. There are too many distorting stories out about the debt ceiling and republicans walking away from choices that supposedly have to happen.

First read this powerful quote again:
"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

This quote is from 2006 when our national debt was just over $7 trillion.

...... March 20, 2006 - Senator Obama.

Contrast that with the actions of today.

Don't buy in to the notion that Republicans are detroying the country by refusing to raise the debt ceiling. Obama and the democrats setup rediculous tax cut scenarios that make people feel like they are deciding between feeding the homeless or subsidizing the purchase of a private jet. The US will only default on it's debt payments if it stops paying them, not because the debt ceiling has been reached. Currently, we still bring in more revenue than is required to just pay the debt.

Not raising the debt limit will simply force the government to stop spending money. Obama and the dems have been passing budgets that fall TRILLIONS of dollars over what we bring in each year and are acting like republicans are destroying the world by not voting to allow more debt spending. The current problem has been created by democrats and they seem to be getting away with blaming republicans for it. Oddly enough, Obama refused to vote for any debt ceiling increases while he was in the senate. He is trying to

Don't get me wrong, Bush and Republicans have overspent too, but let's stop blaming the past and focus on solutions. The policy of the current administration is to spend, spend, spend and hope that the economy starts clicking. It's not working.