If you’re looking for a greater understanding of the solutions to America’s debt ceiling crisis and the many plans on the table – I’m not your guy. More knowledgeable minds than mine can explain the nuances of the Boehner Plan, the Reid Plan and the Gang of Six plan as well as some other lesser plans suggested.
It becomes even more complex when you add in all of the negotiations (arm twisting actually) going on behind closed doors to mold every plan into one plan that will be acceptable to every one who wants a plan that will fit with their plan on what America should do in case there is no plan and it all goes straight to hell in the blink of an eye.
The truth is every plan being advanced was designed to appeal to political supporters first and foremost. What is best for America comes in a distant second. Shame on Democrats AND Republicans except for a small number of the latter who do put their country first, but are outnumbered by short sighted, limp wristed RINOs (Republican In Name Only) who are desperate to compromise. Sellout is the more accurate term.
Regardless of what the final deal looks like just remember this – Barack Obama is going to do everything he can to keep punishing success by raising taxes on the producers. Count on it. He intends to continue redistributing the wealth in America, debt ceiling be damned. That became obvious with his recent verbal attacks on “millionaires”, “billionaires” and “corporate jet owners” who he claims aren’t paying their fair share.
Liberals have no difficulty treating those who have achieved success as ATMs.
Weak Republicans, incapable of standing their ground and forcing a high noon showdown, can always be counted on to cave. They call it compromise. How civil. This shameful “compromise” will bring about America’s sixty first debt ceiling increase, tax increases on all Americans eventually and some meaningless, unenforceable promises of vague future spending cuts. It will be touted as a “win for the American people.”
If that scenario plays out, and it will, expect business as usual from the White House with more wasteful spending, greater debt, continued volatility in the markets, higher interest rates, higher unemployment and a deeper slide in the dollar, all to the further detriment of a free, prosperous America.
If Democrats win this battle, the sky will finally fall and the finger of blame must be aimed at liberals in both parties.
A debt ceiling crisis is self explanatory. You never arrive at a fiscal abyss if you follow fiscally conservative principals. Liberalism, the antithesis of good stewardship, knows no fiscal restraint or accountability. It constantly seeks out more victims so as to justify more government intervention that inevitably leads to greater borrowing, spending and taxation. Keep that up long enough and you arrive at today’s financial Armageddon.
Under Bill Clinton the national debt increased at a rate of about $567 million a day. George “Dubya” spent $1.6 billion a day. Now, Obama, the man who promised hope and change, adds $4.1 billion per day to America’s debt. The $14.6 trillion national nightmare is larger than the economies of China, Britain and Australia combined. The even greater nightmare is America’s unfunded liabilities now at over $115 trillion and climbing.
As debt grows, the more difficult and costly it is to borrow and the more impossible it becomes to ever get free of it. It is a recipe for financial suicide and that is the fault of liberal ideology. True Conservatives would never steer an economy to the edge of this cliff – ever.
Final thought – Your money is never safer than when it stays with you and never at greater risk than when controlled by a liberal.