EMILY MILLER: Obama’s Default Drama
EMILY MILLER: Obama’s Default Drama – Washington Times
The Writer
This post was written by MacAoidh on Thursday, July 14, 2011, 7:59. MacAoidh has written 8078 posts on this blog.
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Quote of the day
Quote Of The Day, May 25, 2012
“What happened here was the accumulated karmic backlash of forty years’ worth of Establishment Democrats telling the Activist Left that they were the vanguard of, and spokesmen for, a broad American populist movement. For the longest time, such lies were simply an accepted part of the public policy debate; mostly because the country had no yardstick by which to judge the Left’s turnout and activities.“But then came the Tea Parties — which showed people what a real American populist movement looks like, and what it can do — and its success stung the Activist Left at the exact moment that Scott Walker came along and not unreasonably decided that if he was elected on a platform of doing certain things, he had best start doing them. This infuriated the Left, but not as much as the refusal of Walker and the WI GOP to go weak-kneed at the first sign of push-back. So… the recall movement was born!
“And… fizzled. The Left should have cut their losses when Prosser demonstrated that drum circles and illegal indoor camping in the Rotunda didn’t translate into votes… and they definitely should have cut their losses when the first wave of recalls didn’t live up to the hype. But they didn’t, and now the people of Wisconsin are increasingly demonstrating that they’re tired of all of this – and they’re not blaming the Republicans, either. Such a shame, but that’s what you get whe- hey! The bacon’s fully cooked.”
- Moe Lane
This article by Emily Miller certainly clarifies the situation well– she shows that the “debt ceiling” that Obama demands be removed, should not only NOT be removed, but has room for LOWERING, where federal spending is concerned. The debt ceiling should not be removed, because the IRS has way, way more taxing authority than it certainly needs in order to fund ALL of the current entitlement programs. It’s the other new ones that the current occupant has initiated since his inauguration (stimulus/porkulus, ACORN, SEIU and his other favorite special-interest projects) that has flooded the federal budget’s ballast tanks with NEW debt. Think of the “debt ceiling” as a limit to the president’s spending authority– the Congress grants the authority– then the president can issue the orders to the various departments on how it is to be spent– unless the Congress specifies otherwise. The Congress “should” be telling the president specifically what is to be spent, and how the revenue is to be obtained– NOT THE OTHER WAY AROUND.
Exactly, spepper.
Republicans in Congress need to show some serious spine and heed Rick Perry’s advice to not try to appeal to the press poodles. Given the ‘Pubs are damned if they do and damned if they don’t, they might as well do the right thing.
In light of that, I find the threats from Moody’s and S & P very suspicious. Their globalist slips are showing.