No doubt another frustrating day awaits, folks.
(*SHRUG*)
Just having browsed a few Drudge headlines it appears that there is indeed some sort of "deal" in the works that will pass the Senate, the House (where Tea Party Republicans don't have the votes to stop it; remember, there's no filibuster in the House) and be signed into law by the Dickhea... er... President of the United States.
Of course the "details" are - as various media accounts note - "fuzzy" at this point.
(*SNORT*)
And of course, par for the course, not one single Senator or member of the House or even the Dickhea... er... President himself will actually read or fully understand all the provisions and repercussions of whatever final bill is signed into law...
(*JUST SICK TO MY STOMACH*)
But, hey... this is Washington DC! This is America 2011! This is the Age of Obama, McConnell, Reid, Boehner, and Pelosi!
According to some of the news browsing I've been doing it looks like the part of the "McConnell Plan" which unconstitutionally transfers purely legislative functions, powers, and responsibility to the Executive Branch - in this case Barak Hussein Obama.
And, yeah... looks like we'll get another "Commission" while again (or so the politicians think) absolves them of bearing individual responsibility for any decisions made by said commission.
Folks... understand... ignore the news media and most of the pundits; we're not gonna even have a chance to go over what's going to be done until after whatever final version of a bill they're working on is actually passed and signed into law.
Is there ANY... ANY chance at all that the Tea Party Republicans can stop this corrupt bargain from going through? I don't see how... but I'll be praying up until the end.
(Yes... literally praying...)
Last but not least, folks, once again... I truly fear that violence is the next step in the political process. I'm no criminal (let alone terrorist) threat to anyone, but no doubt there are Americans out there for whom this latest betrayal by the GOP leadership of the American People marks the crossing of a bright red line.
(*SHRUG*)
Heck... perhaps more than a few of the kinds of folks I'm thinking of have Semper Fi tattooed on their left arms...
I literally weep for my country...
14 comments:
http://politicalticker.blogs.cnn.com/2011/07/31/sen-lee-threatens-to-filibuster-debt-ceiling-vote/
Sen. Mike Lee of Utah told CNN's Wolf Blitzer Sunday night that he will filibuster Monday's Senate vote.
* MAY GOD - AND 40 OF YOUR COLLEAGUES - STAND FIRM WITH YOU, SENATOR LEE!
http://news.yahoo.com/insurers-must-cover-birth-control-no-copays-140750830.html
The Obama administration says health insurance plans must cover birth control for women with no copays.
The requirement, affecting most insurance plans, is part of a broad expansion of women's preventive coverage. Breast pumps for nursing mothers, an annual "well woman" physical, counseling on how to avoid sexually transmitted diseases and other services will also be covered at no cost to the patient.
* TWO POINTS: 1) THE FEDERAL GOVERNMENT (AND EVEN STATE GOVERNMENTS) SHOULDN'T BE IN THE BUSINESS OF MICROMANAGING INSURANCE PLANS; 2) ANY IDIOT KNOWS THAT THERE'S NO SUCH THING AS "NO COST" - WHAT HAPPENS IS THAT COSTS ARE SIMPLY SHIFTED... NO CO-PAY... O.K.... HIGHER PREMIUM! GIVE WOMEN "FREEBIES"... CHARGE MEN MORE IN PREMIUMS TO MAKE UP THE DIFFERENCE!
* FOLKS... AGAIN... OBAMA ISN'T STUPID... IT'S NOT THAT THE DEMS DON'T REALIZE THE TRUTH OF WHAT I JUST WROTE. NOPE. THIS IS YET ANOTHER DELIBERATE SWING OF THE AXE AGAINST THE FOUNDATION OF PRIVATE INSURANCE. THEY WANT THE PRIVATE INSURANCE SYSTEM TO COLLAPSE, FOLKS - AND THAT'S THE GOD'S HONEST TRUTH.
The new benefits won't take effect for at least another year, Jan. 1, 2013, in most cases.
* YEAH... AFTER THE ELECTION; IMAGINE THAT. (*SMIRK*)
* THE SADDEST PART OF WATCHING THE DESTRUCTION OF MY COUNTRY IS THAT THE DESTROYERS AREN'T EVEN BOTHERING TO TRY AND HIDE WHAT THEY'RE DOING!
Insurers are expected to pass the cost on to their customers through slightly higher premiums.
* "...SLIGHTLY..." (*SNORT*)
http://news.yahoo.com/manufacturing-growth-hits-lowest-level-2-years-141426888.html
Manufacturing activity barely grew in July, falling to the weakest level since just after the recession ended, a private trade group said Monday.
* "...SINCE THE RECESSION ENDED..." OH, JEEZ... WHAT KIDDERS! (*LAUGHING OUT LOUD*)
The Institute for Supply Management, a trade group of purchasing executives, said its index of manufacturing activity fell to 50.9% in July...the lowest reading since July 2009 - one month after the recession officially ended.
* HA! HA! HA! AGAIN WITH THAT "RECESSION OFFICIALLY ENDED" BIT!
[M]anufacturing has stumbled in recent months.
* WE DON'T NEED NO STINKING MANUFACTURING! WE DON'T NEED NO STINKING JOBS...!
* O-BAM-A! O-BAM-A! O-BAM-A! (COM'ON, FOLKS... CHANT IT WITH ME!) O-BAM-A! O-BAM-A! O-BAM-A!
Economic growth slowed sharply in the first half of this year.
* DO TELL! (*SNORT*) (*SNICKER*) (*ROLLING MY EYES*)
* HEY... LET'S PILE ON MORE DEBT! YEAH...! THAT'S THE TICKET!
* O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A! O-BAM-A!
http://www.washingtontimes.com/news/2011/jul/31/biden-charging-secret-service-cottage-rental/
* JOE BIDEN... WHAT A GUY!
The U.S. Secret Service does more than protect Vice President Joseph R. Biden Jr. - the agency also pays him rent.
Since April, Mr. Biden has collected more than $13,000 from the agency charged with protecting him and his family for use of a rental cottage adjacent to the waterfront home he owns in a Wilmington, Del., suburb.
* EVEN THOUGH HIS "HOME" IS NOW - AND HAS BEEN SINCE JANUARY 2009 AND WILL BE TILL AT LEAST JANUARY 2013 - HIS OFFICIAL GOVERNMENT RESIDENCE... NUMBER ONE OBSERVATORY CIRCLE... ON THE GROUNDS OF THE U.S. NAVAL ACADEMY AT ANNAPOLIS, MARYLAND.
Mr. Biden, listed not as vice president in federal purchasing documents but as a “vendor,” is eligible for up to $66,000 by the time the government contract expires in the fall of 2013, the records show.
* ABSOLUTE SCUMBAG... PIECE OF SHIT... (*SHRUG*) SOMETIMES IT'S JUST THAT SIMPLE, FOLKS.
[S]aid Leslie Paige, spokeswoman for the Washington-based Citizens Against Government Waste...“But this arrangement seems bizarre to me,” she added. “You’d think the vice president, who shepherded the deficit committee, would think twice about charging the Secret Service rent. Why would he need the money? I don’t get it.”
* BECAUSE HE'S A SCUMBAG PIECE OF SHIT, LESLIE! (JEEZ... WHAT IS IT PEOPLE DON'T GET ABOUT SCUMBAGS... AND PIECES OF SHIT?!)
* FOLKS... FORGET BIDEN FOR A MOMENT; UNDERSTAND... THIS IS THE WAY THE GOVERNMENT WORKS IN 2011! TELL ME AGAIN HOW VIOLENCE ISN'T THE ONLY ANSWER... PLEASE... PLEASE...!
* THREE-PARTER... (Part 1 of 3)
http://blogs.forbes.com/johntamny/2011/07/31/the-small-government-establishment-joins-the-establishment/
* BY JOHN TAMNY
About the debt deal struck yesterday, it should be said that we should have known.
Put simply, we should have known that the small government wing of the political class and commentariat doesn’t believe its own rhetoric.
How we should have known was explained in high resolution a few months back. It was then that the same small government establishment which told us for decades that “spending cuts” are merely reductions in future outlays, fell over itself to praise a budget plan by Rep. Paul Ryan that would massively increase the burden of government.
(*RAISING MY HAND*) HMM... ACTUALLY JOHN... SOME OF US DID KNOW. (*SHRUG*)
Some would call it partisan hypocrisy, but the more realistic answer is that the commentariat that sides with the small government wing in Washington owes its living to the perpetuation of a federal government that will never shrink.
* NO... IT'S NOT QUITE THAT SIMPLE. AFTER ALL, THE COMMENTARIAT WOULD BE THE COMMENTARIAT REGARDLESS OF THE SHEER SIZE OF THE FEDERAL GOVERNMENT.
Indeed, if the small government establishment truly believed its voluminous columns about how small government and free markets are the path to prosperity, then it would have recommended that the GOP sit on its hands and maintain a legal barrier to increased spending which is itself the debt limit.
* YEP! THAT'S WHAT THE WORD "LIMIT" MEANS! THAT'S WHAT THE WORD "CEILING" MEANS!
It would have because as anyone with a pulse knows, we won’t nor do we need to default.
* AS I'VE NOTED AGAIN AND AGAIN AND AGAIN... (*DEEP SIGH*)
* To be continued...
* CONTINUING... (Part 2 of 3)
* BY JOHN TAMNY
So assuming maintenance of the existing debt ceiling, there’s no default after which two parties that have never been able to cut spending would be forced by law to reduce spending by as much 40%. What’s funny about a 40% reduction is that far from draconian or painful as both the big and small government wings would like us to believe, such “austerity” would simply bring us back to 2006 Bush era levels of spending.
* FOLKS... ONE MORE TIME:
What’s funny about a 40% reduction is that far from draconian or painful as both the big and small government wings would like us to believe, such “austerity” would simply bring us back to 2006 Bush era levels of spending.
(Back then Bush was correctly criticized for not vetoing budgets that were far too large. How quickly we forget.)
* AGAIN... NOT ALL OF US "FORGET." I WAS SLAMMING BUSH AND THE RINOs ALL ALONG!
Of course, all of the above assumes the Republican/conservative small government establishment really wants true cuts in spending.
(Apparently not.)
Instead, the small government establishment has hit us with increasingly absurd reasons for accepting an increase in the debt limit in return for future declines in government spending that history tells us won’t ever materialize.
* AGAIN, FOLKS... SOMEONE... ANYONE... LAY OUT THE VIABLE SOLUTION - OTHER THAN VIOLENCE - FOR DEALING WITH WASHINGTON DC. LAY IT OUT FOR ME! PLEASE! I'M BEGGING YOU!
First they told us that real reductions would at this point be a bridge too far, that with a GOP that allegedly believes in small government only in control of the House of Representatives, we’re asking too much. That would normally be a good response, but then this same small government establishment has for years explained heavy spending during the Reagan years as a function of the Republicans not being in control of a House of Representatives where spending constitutionally originates.
(*SINCERE CLAP-CLAP-CLAP*)
National Review’s Rich Lowry, an advocate of a spending deal even if it “doesn’t meet a test of absolute purity,” wrote as much last week.
(*NOD*) (*NOW JUST SHAKING MY HEAD*)
Justifying nosebleed levels of spending under Ronald Reagan, Lowry wrote that Reagan’s tough choices included confronting “a Democratic House.” So while Democrats could apparently control spending during the Reagan years on the way to large deficits, we apparently can’t ask Boehner et al to reverse the growth of government despite being in possession of similar constitutional powers over the purse.
(*SNORT*) (*RUEFUL CHUCKLE*) (*SNICKER*)
* To be continued...
* CONCLUDING... (Part 3 of 3)
* BY JOHN TAMNY
Rather than request that Boehner and the GOP leadership do what they were elected to do, we have the Wall Street Journal’s Kimberley Strassel mocking the “unrealistic wing of the conservative movement” for demanding the cuts that politicians never seem to get around to.
* HEY, JOHN - WHENEVER YOU SEE A COMMENT ON THE JOURNAL'S COMMENT PAGES BY "EDMUND G. STEUBING" - THAT'S ME! (I CRUXIFIED STRASSEL... AS I OFTEN DO NOONAN AND THE OTHER "WETS.")
Despite elections in 2010 that revealed a strong voter preference for smaller government, Strassel not long ago made plain that she would prefer that the GOP hand spending control over to President Obama so that he’ll “own” his economic failures even more in the eyes of voters in 2012. Voters be damned.
* SERIOUSLY, JOHN... HERE'S THE PROBLEM WITH ALL TOO MANY OF THE REPUBLICAN ESTABLISHMENT MOVERS, SHAKERS, HANGER-ONERS AND SHILLS: THEY'RE STUPID! THEY'RE NOT SIMPLY VENIAL... THEY'RE ACTUALLY STUPID!
[T]his same small government establishment has dined out on, written about, and commentated on television for all of Obama’s presidency that “hope and change” had morphed into lots of the same old Washington-style dealmaking. If so, why then advocate similar dealmaking from the GOP that will explicitly increase the burden of government?
* SERIOUSLY... I EXPECT VIOLENCE BETWEEN NOW AND THE 2012 ELECTION. THERE ARE JUST TOO MANY PEOPLE WITH THE KNOW-HOW AND SKILLS WHO ARE BEING DRIVEN TO THE BREAKING POINT. THERE ARE JUST TOO MANY FOLKS WITH MONEY WHO MIGHT BE WILLING TO FACILITATE DESPARATE MEASURES.
* HEY... AS ALWAYS... I'M SIMPLY ANALYSING THE SITUATION AS I SEE IT FROM A HISTORICAL AS WELL AS SOCIOLOGICAL PERSPECTIVE. PEOPLE CAN ONLY BE PUSHED SO FAR AND THERE'S FAR TOO MUCH TRUTH OUT THERE FOR ANYONE TO GET THEIR HANDS ON FOR THE ESTABLISHMENT TO KEEP THE CURTAIN IN PLACE AS HAPPENED DURING THE ROOSEVELT ERA OF THE GREAT DEPRESSION AND WW-2.
Second, how can a small government establishment that fully embraced the message of the 2010 elections support a deal that wholly ignores that message? Why have elections if the mouthbreathers in the electorate will have their desires dismissed?
* THIS IS WHAT I'M SAYING...!!! WE'RE AT THE POINT WHERE I'M GUESSING HUNDREDS - PERHAPS THOUSANDS - OF "BLOODED" VETERANS (NOT TO MENTION ARMED AND RUDIMENTARY SCHOOLED IN WEAPONS AND TACTICS "ORDINARY" AMERICANS AND ACTIVE AND RETIRED POLICE OFFICERS) ARE CONCLUDING THAT "DEMOCRACY" IS A FRAUD AND UNWORKABLE UNDER THE PRESENT CONDITIONS (GERRYMANDERING, ETC.) AND THAT THE REPUBLIC AND THE VERY RULE OF (CONSTITUTIONAL) LAW IS UNDER PROACTIVE ASSAULT FROM WITHIN!
The small government establishment’s response to the above is probably what’s most offensive about this whole exercise. Indeed, their “strategy” here is to quiet the “unrealistic” knuckle-draggers who populate the Tea Party with an eye on retaking the White House in 2012 after Obama’s economic plan predictably fails. In short, the small government establishment is saying explicitly that we should let Washington’s wise men on the right grow the federal government now so that they can shrink it after 2012.
(*SIGH*)
* TWO-PARTER... (Part 1 of 2)
http://paul.house.gov/index.php?option=com_content&view=article&id=1898:when-a-cut-is-not-a-cut&catid=62:texas-straight-talk&Itemid=69
* BY THE HON. RON PAUL (R-TX)
One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending...
* AND IF SO YOU HAVEN'T BEEN PAYING ATTENTION.
In spite of the rhetoric being thrown around, the real debate is over how much government spending will increase.
(*NOD*)
No plan under serious consideration cuts spending in the way you and I think about it.
Instead, the "cuts" being discussed are illusory, and are not cuts from current amounts being spent, but cuts in projected spending increases.
* IN OTHER WORDS... OVERSPENDING... er... SLIGHTLY - EVER SO SLIGHTLY - LESS.
This is akin to a family "saving" $100,000 in expenses by deciding not to buy a Lamborghini, and instead getting a fully loaded Mercedes, when really their budget dictates that they need to stick with their perfectly serviceable Honda.
(*NOD*)
* MY CONGRESSWOMAN, DR. NAN HAYWORTH (R-NY-19) SHOULD BE ASHAMED OF HERSELF FOR SUPPORTING BOEHNER. THE FACT THAT SHE'S NOT TELLS YOU EVERYTHING YOU NEED TO KNOW. SAME FOR ANY OF YOUR ELECTED OFFICIALS WHO ALIGN THEMSELVES WITH EITHER THE REPUBLICRATIC ESTABLISHMENT OR THE DEMPUBLICAN ESTABLISHMENT.
[T]his is the type of math Washington uses to mask the incriminating truth about their unrepentant plundering of the American people.
* AND IF PLUNDERING THE AMERICAN PEOPLE DOESN'T DESERVE THE "DEATH PENALTY"... (*SHRUG*)... YET THE SYSTEM IS GERRYMANDERED AS TO MAKE A JOKE OUT OF "ONE PERSON, ONE VOTE"... WHAT'S THE SOLUTION?
* To be continued...
* CONCLUDING (Part 2 of 2)
The truth is that frightening rhetoric about default and full faith and credit of the United States is being carelessly thrown around to ram through a bigger budget than ever...
* AS I'VE BEEN SAYING ALL ALONG...!!!
If your family's income did not change year over year, would it be wise financial management to accelerate spending so you would feel richer? (That is what our government is doing, with one side merely suggesting a different list of purchases than the other.)
In reality, bringing our fiscal house into order is not that complicated or excruciatingly painful at all. If we simply kept spending at current levels, by their definition of "cuts" that would save nearly $400 billion in the next few years, versus the $25 billion the Budget Control Act claims to "cut". It would only take us 5 years to "cut" $1 trillion, in Washington math, just by holding the line on spending. That is hardly austere or catastrophic.
* SEE MY STAND-ALONE POST TITLED, "THE CONNIE MACK PLAN" - POSTED FRIDAY, JULY 29, 2011.
Our [federal] revenues currently stand at approximately $2.2 trillion a year...
Our outlays are $3.7 trillion - and - projected to grow every year.
* WHICH IS THE FRIGG'N PROBLEM...!!!
Yet we only have to go back to 2004 for federal outlays of $2.2 trillion, and the government was far from small that year.
(*NOD*)
If we simply returned to that year's spending levels, which would hardly be austere, we would have a balanced budget right now.
* AND, HECK... I'D BE THRILLED TO DEATH TO GO BACK TO THE FEDERAL EXPENDITURES OF BILL CLINTON'S LAST YEAR IN OFFICE! THAT WAY WE COULD START PAYING OFF SOME PRINCIPLE ON THE DEBT...!!!
* OR... FOR THE FAINT OF HEART:
If we held the line on spending, and the economy actually did grow as estimated, the budget would balance on its own by 2015 with no cuts whatsoever.
(*SHRUG*)
We pay 35% more for our military today than we did 10 years ago, for the exact same capabilities. The same could be said for the rest of the government.
Why has our budget doubled in 10 years? This country doesn't have double the population, or double the land area, or double anything that would require the federal government to grow by such an obscene amount.
In Washington terms, a simple freeze in spending would be a much bigger "cut" than any plan being discussed. If politicians simply cannot bear to implement actual cuts to actual spending, just freezing the budget would give the economy the best chance to catch its breath, recover and grow.
* FOLKS... THE MEDIA IS LYING TO YOU... THE "EXPERTS" ARE LYING TO YOU... MOST GOVERNMENT OFFICIALS ARE LYING TO YOU...
* YOU CAN TRUST RON PAUL. YOU CAN TRUST ME.
http://www.reuters.com/article/2011/08/01/us-rhodeisland-centralfalls-idUSTRE7703ID20110801
Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday.
(*SARCASTIC CLAP-CLAP-CLAP*)
* SOMEHOW I DON'T THINK CHINA CONSIDERS THE U.S. DECLARING CHAPTER 9 A VIABLE PLAN; NOR DO I PREDICT THEY'LL SIMPLY SIT SILENTLY AND ALLOW US TO FULLY MONETIZE OUR DEBTS TO THEM.
(*SHRUG*)
The smallest city in the smallest U.S. state made the filing as it grappled with an $80 million unfunded pension and retiree health benefit liability that is nearly quadruple its annual budget of $17 million.
* YEAH, FOLKS... BAD NEWS... UNFUNDED LIABILITIES ARE REAL - IT'S NOT JUST A TERM INVENTED BY ME OR THE TEA PARTY.
(*SMIRK*)
There have been only 624 municipal bankruptcies - called Chapter 9 filings - since 1937, with five occurring last year, according to James Spiotto, a municipal bankruptcy expert at the law firm Chapman and Cutler.
"A bankruptcy filing is sort of an endgame over years and years of economic distress, so it's not something your typical U.S. town or city is likely to experience anytime soon," Adam Stern, a vice president at Boston-based Breckinridge Capital Advisors, a municipal bond investment firm, said.
* "...ANYTIME SOON." HMM... STRANGE HOW THAT DOESN'T PROVIDE MUCH COMFORT. HEY... YOU'VE "ONLY" GOT PROSTATE CANCER; IT'S ONE OF THE SLOWER GROWING CANCERS! (*SNORT*)
Alabama's Jefferson County is currently working to ward off the largest municipal bankruptcy in U.S. history stemming from its $3.2 billion sewer bond crisis. The Pennsylvania state capital of Harrisburg, which has about $300 million incinerator debt, is also considering bankruptcy.
(*SARCASTIC CLAP-CLAP-CLAP*)
* WE'RE IN GREAT SHAPE, FOLKS! OBAMA, BOEHNER, PELOSI, REID, AND MCCONNELL OBVIOUSLY HAVE EVERYTHING UNDER CONTROL!
http://online.wsj.com/article/SB10001424053111903591104576470093554263746.html?mod=WSJ_Opinion_AboveLEFTTop
NATO has had many impressive moments in its history...
(*SCRATCHING MY HEAD*) ACTUALLY - HONESTLY - NOTHING COMES TO MIND. (*SHRUG*)
...but its misadventure in Libya isn't one of them.
* YA THINK...?!?! (*SNORT*)
Moammar Gadhafi and his mercenaries may be no military match for NATO's jets and cruise missiles, but at every turn the alliance has acted in a way that has given the dictator hope of surviving. In the latest example, the French and British last week floated a unilateral concession: Gadhafi can stay in Libya, as long as he renounces any claim on holding power. This is a major retreat from NATO's earlier position that Gadhafi had to leave Libya.
(*JUST SHAKING MY HEAD*)
The offer made no mention of Gadhafi's sons, who lead the best-armed militias and have the deaths of thousands of Libyans on their hands. Presumably under this offer, the boys could have a future political role in Tripoli. The offer made no mention of Gadhafi's sons, who lead the best-armed militias and have the deaths of thousands of Libyans on their hands. Presumably under this offer, the boys could have a future political role in Tripoli.
(*MIGRAINE HEADACHE*)
The U.S. and Italians quickly endorsed this idea, saying that whatever the Libyans decide was fine by them.
(*SARCASTIC CLAP-CLAP-CLAP*)
* CHANT IT WITH ME, FOLKS... HILL-A-RY! HILL-A-RY! HILL-A-RY!
http://www.cnsnews.com/news/article/debt-ceiling-vote-what-about-gop-pledge
When the House of Representatives voted this evening on legislation to increase the limit on the federal debt by as much as $2.4 trillion, House Republicans broke a promise included in their 2010 Pledge to America to post the text of bills online “for at least three days” before bringing them up for a vote.
“We will ensure that bills are debated and discussed in the public square by publishing the text online for at least three days before coming up for a vote in the House of Representatives,” said the Pledge to America. “No more hiding legislative language from the minority party, opponents, and the public. Legislation should be understood by all interested parties before it is voted on.”
The Budget Control Act of 2011...was posted on the website of the House Rules Committee at 1:45 a.m. on Monday morning.
CNSNews.com asked several leading House Republicans via e-mail and by telephone how a vote on the debt-limit legislation less than 72 hours after it was posted online fits with their Pledge to America.
Those asked included House Speaker John Boehner, Majority Leader Rep. Eric Cantor (R-Va.), House Republican Conference Chairman Jeb Hensarling (R-Texas), Vice Chairman of the Conference Cathy McMorris Rodgers (R-Wash.), Conference Secretary John Carter (R-Texas), and Rep. Chaffetz. None of these House Republicans responded to the question.
* SCUMBAG... SCUMBAG... SCUMBAG... SCUMBAG... SCUMBAG... AND LAST BUT NOT LEAST... SCUMBAG.
http://www.breitbart.com/article.php?id=CNG.0d79a84244dc2d4f0de55e87d89bcbfb.811&show_article=1
The U.S. Treasury said Monday that it will step up borrowing after the debt ceiling is raised...
* WELL, DUH! THIS ISN'T EXACTLY NEWS! THAT'S THE PURPOSE OF RAISING THE LIMIT - TO ALLOW MORE OUT OF CONTROL SPENDING VIA IRRESPONSIBLE BORROWING!
In its quarterly funding plans, the Treasury said it expected to issue $331 billion in net debt in the July-September quarter, up from $190 billion in the previous period.
(*SARCASTIC CLAP-CLAP-CLAP*)
During October-December, the Treasury will borrow another $285 billion...
* AND PERHAPS MORE!
http://www.nationalreview.com/exchequer/273317/next-deficit-reduction-deal
How good a deal do we have before us? Does it rise to the level of credible solution to the rising U.S. government debt burden?
Let’s assume perfect execution, meaning $2.5 trillion in deficit-reduction over the next decade.
Under current CBO projections, debt held by the public will amount to about $10.35 trillion in 2011 (69% of our $15 trillion GDP) and will grow to $20.1 trillion in 2021 (101% of an expected $19.9 trillion GDP).
* HMM... ISN'T GROWING THE OPPOSITE OF SHRINKING...??? (IN OTHER WORDS... NO CUTS, FOLKS... NO CUTS...)
That’s under the CBO’s less-rosy “alternative fiscal scenario,” meaning that the Bush tax cuts are not allowed to expire, that the deep Medicare spending cuts that consistently have been put off continue to be put off, etc. (Couple of notes: These figures are in constant 2011 dollars. Debt held by the public, rather than total debt, including such intragovernmental debt as the money owed to the fictitious Social Security trust fund, is not my favorite measure of debt, but I’ll stick with it here, since the CBO is using it.)
[W]ith this deal in place, the public debt will grow by about 70% in the next decade in dollar terms, and about 47% in terms of GDP share.
* FOLKS... DO YOU UNDERSTAND...?!?!
Even if this deal is...perfectly executed, we continue to press toward national insolvency. At the very least, that means we can probably kiss that AAA credit rating goodbye, and soon. If losing the AAA drives up the cost of borrowing, that will make the deficits that much worse, which will put additional pressure on our credit rating.
(*SARCASTIC CLAP-CLAP-CLAP*)
* THANK YOU JOHN BOEHNER! THANK YOU MAINSTREAM MEDIA!
(*SPITTING ON THE GROUND*)
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