Posted on 01/24/2013 6:39:44 AM PST by bestintxas
House Republicans appear to have gotten some of their mojo back. GOP leaders say they will insist that automatic spending cuts (the sequester) scheduled to begin on March 1 will be made and that the House will adopt a budget resolution that would lead to a balanced budget within ten years without raising any more taxes. Just a few months ago, they were singing a different, less fiscally tough tune.
On Wednesday, the House suspended the limit on the nations debt ceiling. That gives Republican lawmakers nearly four months to sort out what they will demand in exchange for raising it and puts that potentially market-spooking debate off until after budget battles over the scheduled sequester cuts and the expiration on March 27 of a continuing resolution to fund the government. Republicans view the political terrain on those issues as more favorable than that of any confrontation with President Obama and Harry Reids Senate over further spending cuts.
For once, it was Democrats who were split down the middle on how to handle a sensitive issue: The House voted 285 to 144 to pass the debt-limit suspension, with nearly half of Democrats supporting the measure and seven out of eight Republicans voting for it. President Obama has said he will sign the measure, despite his opposition to parts of it.
(Excerpt) Read more at nationalreview.com ...
I hear you loud and clear. Time to return to American manufacturing and industry. It is the only way to create the wealth needed to pay off our debt. Even if we cut all spending and tax Americans 125% of their income, we will never pay off our debt unless we bring back wealth creation in America.
Seriously, the solution is to eliminate the taxes and pro-union laws that discourage investment over here, not to implement some sort of protectionist trade embargo. However, I do support tariffs on Chinese goods, or any other countries, to match whatever tariffs they or policies they have on our goods.
This thread needed a barf alert.
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