Sunday, August 7, 2011

On the US Debt Downgrade

Looking at all the finger pointing going on right now, I almost have to laugh. Especially at those who blame the downgrade on not collecting even more taxes. Put very simply, for even the biggest airhead to understand, when was the last time Congress didn't spend every dime of tax revenue it received, and then about forty percent more on top of that?

Social security is the biggest example of this, hands down. The so-called "Trust Fund" is empty of money and full of IOUs (US Debt) that now have less than AAA rating on top of everything. Or how about the cutting Medicare by $500 billion? Did that go toward reform and putting the program into the black? No. It went to form an even bigger, unsustainable welfare program, "ObamaCare".

The government could raise taxes by 50% on everybody and Congress would still piss it all away and then need to borrow more on top of all that. The only way to get this fiscal mess turned around is to CUT SPENDING NOW. Not fake cuts that say we'll lower the increases in spending over ten years, real cuts.

The fault lies squarely on both Democrats and RINO Republicans that would not get behind -- and stand behind -- a serious proposal for cutting spending. (Read the S&P commentary and they mention the Paul Ryan budget by name as a plan that could have avoided all this). If RINOs had the testicular fortitude to stand up to Obama and Reid, and if Obama, Pelosi and Reid themselves weren't so irresponsible in their spending the last two and a half years, this wouldn't have happened.

Tuesday, August 2, 2011

So it was "Plan See I told you so"

So it wasn't Plan A, or Plan B. It was Plan "See I told you so". (Wish I could take credit for that, but that's the intellectual property of Rush, and his book by the similar name).

Anyway, as I've already gone through in the last post, that "Boehner plan" was just the vehicle for the Senate watering down of everything, and here we are, with that "great and wonderful" deal passed and the stock market is tanking by 250 plus points. Must be great, eh?

Just more of the same. No cuts this year, no cuts next year, and promises to cut miniscule amount starting in 2013 that will never materialize. Except maybe the military gutting part. The left wing radicals love gutting the military.

And of course we have the Ministry of Truth (otherwise known as the media such as the NY Times and Washington Post) running around saying this was a victory for the TEA party and fiscal conservatives while at the same time using the same inflammatory rhetoric like calling the fiscally sane among us terrorists and hostage takers showing their outrage that the hard left wasn't able to get even MORE tax increases on top of the massive Obamacare taxes slated to begin soon enough to run business even further into the ground. Meanwhile the EPA and other agencies are busy spitting out regulation after regulation shutting down power plants and coal mines and many other businesses under the radar.

The only sane people in this country left are those that are aligned with groups like the TEA party for spending cuts, baseline budgeting reform, and deregulation. While it's true that there's tens of millions of people already on the team, it's unfortunate that there's not nearly enough representation in Congress to reflect this large number of people. I just hope the weak and feckless leadership of the Republican party hasn't undermined the momentum of the movement. But from what I've seen, anger is dwarfing apathy, and there's going to be a lot of Republicans paying a huge price in the next Congressional elections. And I'll be just one of many of those people working to those ends.