Tag Archives: deficit spending

Bow Wow — Just on principle let’s pass the buck, bankrupt the government and blame the other guy. A plan!

I am all for making cuts.

I am all for a constitutional amendment to balance the budget — but only because Congress is more often than not a bunch of gutless wonders that vote the party line and don’t have the cojones to really perform their constitutional duty.

Seldom do I criticize Democrats, other than to point out that they don’t really have a plan about anything. Why criticize folks that prove Will Rogers right almost daily: “Democrats never agree on anything, that’s why they’re Democrats. If they agreed with each other, they would be Republicans.”

However, it is the Republicans that are in disarray at the moment — and it is because raising the debt ceiling is a backwards argument.

They are making their arguments largely based upon principle. To hear them, you might think that they are saving the country by trying to block any increase in the debt ceiling and to avoid anything which takes a penny of their tax money.

They are trying to starve the beast one last time. They are trying to do it on principle. But which one?

Congress and very specifically the House of Representatives has the ability to make cuts by directly cutting specific programs.

Raising the Debt Ceiling only pays for what Congress has already approved. The money cannot be used for new stuff.

THE BEAST & THE PROBLEM

The problem is that Republicans do not want to step forward and to specifically cut Social Security, Medicare, et cetera. They do not want their fingerprints all over the crime scene, which is certainly how the American public would see it once the law of unintended consequences kicked in … which should take no more than 30 days after cuts are made.

On principle, the Republicans and the Tea Partyers want to pass the buck: we will save you and the future but only if you hold this gun to your foot and pull the trigger by yourself.

They want to force a bankruptcy and then tell the president: Hey, bud, you are running short of cash. YOU need to make cuts to programs that WE approved expenses for — whether it was this Congress or prior congresses.

On principle and as an option, we are willing to let you make these painful cuts right before a major presidential election by only agreeing to give you enough money to allow you to run out of money just about primary time — assuming that we can even come to some agreement as to how many hoops we want you to jump through so that we can rant at you for 6-8 months before November 2012.

Bottomline: I didn’t vote for President Obama. Am still not crazy about him now. He probably will not get my vote in 2012. But here is what I do know: President Obama should tell the Republicans to go to hell!

If the Republicans want to sit down and to make specific cuts then Congress should take a vote on the programs that they want to cut. The 2012 budget is in their hands. They could block a debt ceiling increase easily if THEY slashed Social Security, Medicare, Food Stamps, and maybe a few tanks, planes and drones.

What say ye Congress, and specifically Republicans? How about really acting on your principles?

2 Comments

Filed under Deficit Spending, Economics, Election 2012, National Debt

Zen — Most folks slept through Civics 101. About deficits and national debt and a lame brained Congress.

“Are people clear increasing the debt ceiling does not authorize the government to spend more? Rather, it provides funding to enable the government to pay for commitments made already by our government, initiated in the House and authorized into law.”
Mike Solis

Survey sez that most folks slept through their Civics 101 class and could really care less. They just want a fix. If it doesn’t cost them too much then they don’t really care what the fix is either.

They want an answer in 25-50 words and prefer not to read or to question even those.

If a scapegoat can be found (the poor and the rich are always available) then that means even less thought is required as to what really needs to be done to fix our problems for the longer term.

… Now, back to my Wii, Sony PS3 and XBox … and really, really cool Android 4G Sensational cellphone.

1 Comment

Filed under Civil Society, Economics, Politics

National Debt / Deficit Meltdown — Maybe kicking the can down the road is the better path + an idea

The smell of financial meltdown is in the air.

We stand at the threshold of maxing out our national credit card and there is absolutely no plan that has been presented to the public that seems to really make economic sense — mostly because no one wants their sacred cows touched.

>> A tax deduction for the interest on your home is not much different than helping someone that lives in subsidized housing. Welfare is welfare.

I almost agree at this point that kicking the can down the road could be a desirable outcome.

My logic is that it really is too late now for there to be any comprehensive plan. A short term bandaid plan that drops the need for decision prior to the 2012 elections only serves political purposes, it doesn’t matter what party you support.

Kicking the can down the road has the beneficial effect of guaranteeing that bad things will happen to good people. Hopefully it will sober them up enough that they will empty their heads of all the partisan crap. Then perhaps they will try to think a bit more critically about the situation and to think a bit more objectively.

Whether Left or Right, reality is that neither side is anywhere near agreement — not even among themselves — as to what should be done.

Politics are just economics draped over other issues. It is always about power.

All or nothing works no better at one end of the fringe than the other.

If we respected the average taxpayer we would ask them to choose the plan that they believe we should pursue. Let’s hold six months of public debate, critiqued by both citizens and academics, and then let’s hold a referendum.

Let’s let Americans choose by line item vote in a referendum what goes and what stays or what changes.

If we truly believe in ‘We the People’ then let’s let Americans decide their future and their fate.

What say ye?

5 Comments

Filed under Deficit Spending, Economics, National Debt