"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Tuesday, July 26, 2011

One Way Street Obama on Debt Crises

UPDATE:  Chris Matthews, MSNBC had this to say about Obama's speech:
Excerpt:  But Matthews also said he thought Obama shouldn't even have made the speech at all.
"The President should not have gone on national television to give a political address," he said.
You could have picked me up off the floor when I read that!  When Matthews gets that Obama made a political speech, then you know how bad it is for Obama as this was the pundit who Obama gave a 'thrill up his leg.' 


This is all you need to know about the Obama and Democrats plan to understand it is all about politics and how to win an election and nothing more as it is filled with gimmicks on cuts:
One key difference in the plans was that the GOP measure would require additional action to deal with the debt before the 2012 election. Democrats have sought to avoid another round of debt debate before that crucial vote.
Where is the OBAMA PLAN that he touts?  Have the Democrats even seen his plan or is it a figment of his imagination.  Maybe he wants a vote on his imaginary plan to have the details filled in after the 2012 elections.

Once again the Democrat Party and its leader Obama have put their own elections and political gain above what is best for America.  Will the American people finally understand that the Democrat run away spending is bankrupting the Country?  No longer does the mainstream media control what people see and read as the internet has brought a whole new dimension to news.  You can get various news feeds along with blogs to find out the real truth of what is happening.  There is even a "unofficial" blog from a White House Reporter, The White House Dossier by Keith Koffler that sends out breaking news and details what is happening in the White House.

No longer can Obama and the Democrats just go to their buddies in the White House Press Corps form the alphabet networks, MSNBC, CNN, and the major newspapers like the NY Times and Washington Post for starters to get their spin because today even some of those media outlets now have reporters willing to tell the truth -- Jake Tapper (ABC) and Chip Reid (CBS) come to mind.  Times are changing and not many reporters want to get caught in White House spin that turns out to be false.  We still have the Obama loyalist though like Piers Morgan of CNN who blames Republicans for everything:
CNN's Piers Morgan Rails Against Republicans for Not 'Compromising,' Slaps Anti-Tax Hike Stand as 'Crazy'
By: Brent Baker
Tuesday, July 26, 2011 8:48 AM EDT

Acting as if he were trying out for a MSNBC gig, Piers Morgan used his half hour of CNN’s prime time, following President Barack Obama’s 9 PM EDT speech on the debt ceiling and House Speaker John Boehner’s response, to hit his guests from the left, presuming Obama holds the reasoned moral high ground while Boehner represents an obstinate and selfish position. 
Once again thanks to Morgan, CNN was spinning out of control last night.  Just when they had a tiny bit of credibility back, Morgan blows it with his partisan rant against Republicans.  He may turn out to be one of the worst hires by CNN yet and that is saying something.

Now we have the President urging 'compromise' when he wants to ram the Dem plan (which one?) with no changes down the throat of Republicans.  How would he even know what plan it is when he thought the Gang of Six plan was for the debt ceiling not the framework for a budget which also seems to be falling apart after Obama opted in with his opinions.

Obama can say whatever he wants in his speeches, but the fact remains that this runaway spending was done by his own agenda and the Democrats ramming bill after bill through the House and Senate in 2009-2010 which brought us to this point.  Republicans had no say for two years and yet he considers them the problem of getting the deficit under control?  Personally think he doesn't care if the budget is way over the top as long as he can reward his donors for their support.
Obama urges 'compromise' as he pushes Dems' debt plan 
By: Susan Ferrechio and Brian Hughes | Chief Congressional Correspondent Follow her @susanferrechio | 07/25/11 8:05 PM 
President Obama used a prime-time television address Monday to urge compromise during a bitter struggle over raising the nation's debt ceiling, even as he firmly backed a Democratic plan and dismissed a GOP proposal. 
One week before the nation reaches a debt ceiling that, if not raised, would lead to what Obama warned would be dire financial consequences, the president made a direct appeal to the American people to urge Congress to reach a deal. "The American people may have voted for divided government, but they didn't vote for a dysfunctional government," Obama said, while urging support for a plan put forward by Senate Majority Leader Harry Reid, D-Nev., that Republicans have rejected. 
"It is a dangerous game we've never played before and we can't afford to play it now," the president said. "We can't allow the American people to become collateral damage to Washington's political warfare." 
But in a response that immediately followed Obama's appeal, House Speaker John Boehner, R-Ohio, accused the president of seeking a "blank check" to continue Washington's "spending binge" that has driven debt to stratospheric levels. 
Boehner also said that he and the president had reached a deal in principle last week, before Obama changed the terms. "Unfortunately, the president would not take yes for an answer," he said. 
Earlier Monday, Republicans and Democrats in Congress had put forward competing plans to raise the debt ceiling. 
Senate Democrats crafted a bill that would raise the debt ceiling by $2.4 trillion and make a $2.7 trillion dent in the nation's deficit without imposing tax increases. 
"All in all, it's an offer that Republicans can't refuse," said Sen. Charles Schumer, D-N.Y. "If they oppose this, why? It's got everything they've asked for." 
Reid said his plan would be on the Senate floor on Monday, with a vote on it scheduled for later in the week. 
But Republicans swiftly rejected the Democratic plan, saying it is full of budget gimmickry and does not achieve the savings or spending reforms necessary to bolster the economy and stave of a credit-rating downgrade. 
For instance, it includes $1 trillion in savings from the planned winding down of the wars in Iraq and Afghanistan. And Republicans want a bill that significantly reforms Social Security and Medicare. The Reid plan does not address entitlements directly. 
Republicans expect to put their own plan on the floor Wednesday. It would increase the debt ceiling in two installments and make significant spending cuts each time. 
The first debt-ceiling increase would amount to about $1 trillion and would require new spending caps that would cut $1.2 trillion over 10 years. The second debt-ceiling increase, which would be required by spring, would have to include $1.8 trillion in savings from a variety of sources, including entitlements. 
Congress would appoint a bipartisan committee to come up with the $1.8 trillion in savings. There could be no increase in the debt ceiling if Congress does not approve those savings.
The GOP proposal also calls for both the House and the Senate to vote on a balanced budget amendment.

Excerpt:  Read more at the Washington Examiner
Would Schumer be so kind as to tell us why Republicans in the House cannot refuse this Democrat bill full of smoke and mirrors when the Democrats won't even allow the House passed bill for the debt ceiling to be voted on by tabling it due to a procedure vote along party lines?  Schumer needs to sit down and take a deep breath before he rushes to a microphone and makes a fool of himself again.

No comments: