CNN -Senate Democrats block Boehner debt ceiling plan after House approval
Yahoo -House passes Boehner’s debt ceiling plan–and Senate puts it on ice
Reuters -Democrats try to break debt impasse
Fox -House Passes GOP Debt Limit Bill; Senate Puts It on Hold to Work on Rival Dem Legislation
Essentially, the difference between the GOP and Democrats on this issue has always been: The Democrats thing the Government is Broke because Taxes are not high enough. The Republicans believe the problem is too much spending.
With the most slanderous president in history, I have to side with the GOP on this one. The Democrats have placed all their eggs in the Keynes Basket which hasn't worked for 50 years.
Obama spends $800 Billions to "prime the pump" and nothing happens. So he spends another $300 Billions bailing out GM, Chrysler, the Banks and a few others to "prime the pump". It still doesn't work. The problem is there's nothing at the bottom of the well. But the Democrats insist on "priming the pump" time after time, even knowing it won't work.
Essentially Keynesian Economics is about moving and stimulating money. That's not our problem. Our problem is JOBS. How many UAW jobs have been moved to Canada and Mexico? How many times have you called customer service and got some guy in India who barley speaks English and knows less about your problem than you do?
Administration after Administration has pushed industries to move away from the U.S. because of the antiquated Tax Laws. The IRS Code was written in 1954 and tax addition after addition have been piled on over the years. But the Code has never changed.
The "Boener Plan" gives Obama what he wants, an increase in the debt ceiling, but with restrictions. Within six months, Obama has to identify and implement cost reductions and spending cuts. But that doesn't "prime the pump." The "McConnel Plan" is simply a blank check to spend. Obama likes that plan even though that's what got us in this mess to begin with.
Most frustrating of all. Obama called a prime time press conference to explain the debt ceiling debate. But it was never explained. Obama launched into a reelection campaign speech instead. Maybe this shows how afraid the Democrats really are. They can't talk about the issues because their plans helped create the problems. Elections are coming up in the fall and they want to blame the GOP for all the problems they have created.
It seems to me Boener outsmarted the Democrats this time. He waited until the last minute to pull the final plan out of his hip pocket, leaving the Democrats no time to research and come up with a plan over the weekend, get it passed through committee on Monday and passed both the House and Senate votes by Tuesday evening. But Harry Reid in his ignorance presses forward like the idiot he his.
No comments:
Post a Comment