Posted on 07/15/2011 10:07:48 AM PDT by Nachum
The Wall Street Journal is reporting House Republicans will vote next week to cut $2.4 trillion over the next ten years while increasing the debt ceiling by a $2.4 trillion.
House Republicans said Friday that they planned to vote next week on a proposal to raise the debt ceiling by $2.4 trillion, with matching cuts and guidelines to control future government spending.
House Majority Leader Eric Cantor (R., Va.) said at a news conference Friday that the House next week would vote on a "cut, cap and balance" approach. The House plans to separately vote on a measure that would amend the U.S. Constitution to require the federal government to balance its budget.
(Excerpt) Read more at townhall.com ...
What is your plan to throw off the shackles of tyranny?
It’s worse. The debt limit is expected to last through the next presidential election. At that time a new Congress will form. That Congress will be separate and independent from this Congress. They are free to vote as they choose on any bill without consideration of the intentions of the former Congress.
We need a hardening of the spine by injection of tea into the next House of Representatives. Boner needs to be defeated so Cantor can deliver.
Then we should howl First, that those are not where cuts need to be taken. How about cutting off ALL foreign aid - why should US citizens be the first to suffer? How about ending all hand outs to non-citizens? How about defunding the arts?
We are fools to allow the government to tell US where cuts should take place. It is our money after all.
Reacting in a knee-jerk fashion seems to be "the way".
Meanwhile, poor Jonah Goldberg has gone even squishier than Cantor by backing the McConnell plan:
http://www.nationalreview.com/articles/271949/republican-show-and-tell-brian-bolduc
If enough people to make a difference decide to do something, I will help. Other than that if I am still alive when they decide to put us in camps, I will just be shot down in my yard by whoever is in power’s police.
I do agree there is a major likely downside to the games with capitulation the GOP leadership is playing here.
It has the feel of the TARP negotiations (cum McCain’s campaign ‘suspension’) all lover again.
Grinding teeth.
Well said!
Thank you, FARS.
We were told before they passed the Emergency Economic Stabilization Act of 2008 it would solve all of our financial woes and save our country from going over the cliff. OK the doomsdayers got their way then and here we are again on the brink of economic ruin. I wonder if we were now into our third year of rebuilding our economy from the ground up, how much worse we would be?
OK - So we listen to our professional politicians and we kick the can again and Obama gets blamed and Republicans are heroes! Ha! I don’t see it.
Save us the drama of continually hearing all of the US is falling into the sea again and let’s REDUCE expenses, REDUCE taxes, and LOWER the debt limit. Radical...for sure, but their way has not worked and it is just burying all of us and our families into a deeper and deeper hole as we become the great entitlement nation.
I did, but I am unapologetic for having done so.
Well, I certainly agree with your last point and we both do indeed know it is not a perfect world. In that imperfect world we know that they can’t all be ejected unless the whole system is first destroyed. Probably isn’t going to happen by our hands but at the rate we are going it will happen in some form in the fullness of time I should think.
Surely we are all tired of the political solutions and kicking the can down the road as they say? It seems we’ve played politics and manoeuvrings for a long long time and it just isn’t working.
Yes, I have thought about the political views down the road as you suggest and wonder what makes matters worse, the greater long term good and all that. So much can happen and so much that does happen is unknown at the time of decisions and so much more is simply capricious, a coin toss, that what is right at the time seems as appropriate as trying to game the system.
Every compromise that has been made for at least the last 40 years seems to be made by the right with an expectation that the left will reciprocate. They don’t and so we have steadily ratcheted downhill with multiple steps backward and one or two forward. Clearly, the right is losing.
In the times when I am not lashing out I feel like the only hope for positive change is going to happen after things finally get so terrible that everyone finally gets it and a revolution is the beginning of reconstruction. In those times it feels it would be best to just let it all fall apart.
This is merely a narrative isn’t it? No solution by finesse seems probable and thus a desire for action no matter the cost because the alternative of more of the same is so abysmal.
Ray Stevens on 0’s budget
http://www.youtube.com/watch?v=J6TcpfBHlbs
BINGO! COWARDS ALL OF THEM WHO VOTE FOR THIS.
The guy who subbed for Rush today spoke of the train to nowhere and that it is NEW SPENDING that need not be spent considering our current state of depression.
500 M train to nowhere
http://www.frugal-cafe.com/public_html/frugal-blog/frugal-cafe-blogzone/2010/10/14/motor-city-blues-detroits-500-million-train-to-nowhere-video/
Thrice
Deficit by year:
Rough figures:
2010 $1,500,000,000,000
2011 $1,500,000,000,000
2012 $1,500,000,000,000....
And the off-books accounting?
See charts—http://www.federalbudget.com/chartinfo.html
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